DiplFR Training

Classroom Coaching For ACCA Diploma on IFRS

About ACCA
ACCA is the largest and fastest-growing international accounting body, with 1,31,500 members and 3,62,000 affiliated & students in 170 countries.
ACCA’s headquarters are in London and it has an extensive network of over 82 offices and other centres around the world.
ACCA’s focus is on professional values, ethics, and governance, and it delivers value added services through 57 global accountancy partnerships working closely value-added services through 57 global accountancy partnerships, working closely with multinational and small entities to promote global standards and support..
ACCA’s reputation is grounded in over 100 years of providing world-class accounting and finance qualifications.

DipIFR Training
Finance professionals not already familiar with the principles of International Financial Reporting Standards (IFRS) will be faced with the challenge of developing a working knowledge of IFRS as quickly as possible.
The Diploma in International Financial Reporting (DipIFR) is designed to develop your knowledge of IFRS– providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace.
DipIFR is a qualification which is flexible to your timetable, enabling you to fit your studies around your work and social commitments, and can be completed in three to six months
Focusing on the practical implementation of IFRS in the real reporting world, they can be used as a comprehensive self-study resource or by tuition providers to complement classroom-based training.

Why Choose Us?
Letslearn is a knowledge dissemination institution that offers corporate training programs with the leading edge The present activities include Corporate Training- both in house and open house, Global qualification preparedness, Publications, Online tests, Research We strive to provide the best and have been recognised for our effort by various corporate.
This recognition strengthens our resolve to continuously strive to provide the best finance and accountancy education.
We have vast experience in IFRS, at a variety of levels including training for corporate , developing material. This has given us a unique, in depth perspective of IFRS, which in turn has allowed us to develop an expertise in IFRS second to none.
At our state-of-the-art R&D facility, we’ve assembled a group of talented individuals who are rich with individual and team-oriented accomplishments., as finance professionals and legal experts who work alongside our team of internationally acclaimed Subject Matter Expert’s to develop our content.
Our trainers have been training at a professional level for many years across the world and have trained thousands of professionals in IFRS, accountancy and finance.

Eligibility
Professional accountants and auditors, working in practice and industry, who are qualified in accordance with national accounting standards, are eligible to take the qualification. Official documentation is required.
Practitioners who may not yet be qualified, but who can verify the following, are also eligible:

  • A relevant degree (e.g. B.Com) plus two years’ work experience
  • Three years’ work experience
  • ACCA affiliate status
  • ACCA Certificate in International Financial Reporting plus two years’ work experience

Syllabus Content
1. International sources of authority

  • The structure of the International Accounting Standards Board (IASB)
  • The standard setting process
  • The role of the International Financial Reporting
  • Interpretations Committee
  • Progress towards international harmonization
  • The accounting framework
  • The first time adoption of international financial reporting standards

2. Elements of financial statements

  • Property, plant and equipment
  • Intangible assets
  • Goodwill
  • Current assets including inventories
  • Construction contracts
  • Liabilities
  • Financial instruments
  • Provisions and contingencies
  • Employment and post-employment benefits
  • Current and deferred tax
  • Biological assets and agricultural produce
  • Share-based payment
  • Exploration and evaluation expenditures

3. Presentation and additional disclosures

  • Events after the reporting date
  • Earnings per share
  • Related party disclosures
  • Interim financial reporting
  • Effects of changes in foreign exchange rates
  • Operating segments

4. Preparation of external financial reports for single entities

  • Income statements, statements of comprehensive income and discontinued operations
  • Statements of cash flows
  • Statement of changes in equity.

5. Preparation of external financial reports for combined entities and joint ventures

  • Definitions of subsidiaries, investments in associates and joint ventures
  • Preparation of consolidated statements of financial position, income statements, statements of comprehensive income and statements of changes in equity
  • Equity accounting
  • Proportionate consolidation and joint ventures.

Approach To Examining The Syllabus
The examination is a three-hour paper in two sections. It will contain a mix of computational and discursive elements.
Some questions will adopt a scenario/case study approach.
Section Acomprises a compulsory question requiring the preparation of consolidated group financial statements, and may include a related discussion element.
Section Bcomprises four questions from which the candidate is required to answer three.
Computations will be designed to test an understanding of principles. At least one of the optional questions in Section B will be a conceptual/ discursive question that may include illustrative numerical calculations.
The overall pass mark for the Diploma in International Financial Reporting is 50%.

EXAMINATION STRUCTURE              Number of marks
Question on Consolidation                              40
3 Other questions – each 20 marks                60
Total                                                                        100

Coaching Fee:
AED 3,500 per candidate
(Corporate discounts available)

Fee Includes

  • 40 Hours of Class Room Training
  • Mock Tests in Paper Pen format
  • Exhaustive Study material and Question Bank
  • Soft Copy of Published Financial Statements of select companies
  • Lunch and Tea

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