ACCA DipIFR Diploma in International Financial Reporting
OVERVIEW The Diploma in International Financial Reporting (DipIFR) is an internationally recognized qualification in Financial Accounting using International Financial Reporting Standards (IFRS/IAS). It is accredited by the ACCA (Association of Chartered Certified Accountants) and is aimed at accounting and finance professionals who already have experience in accounting. On passing the final exam, the participant will be able to use the letters DipIFR after his/her name. The aim of the qualification is to develop knowledge, understanding and application of International Financial Reporting Standards and the concepts and principles which underpin them. WHO SHOULD ATTEND? The Diploma is ideal for accountants, finance or tax professionals, who need a comprehensive refresher of IFRS/IAS or who need to understand and apply the IFRS/IAS. If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification. If you are working in practice, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following: Two years relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions F4-F4) Two years relevant accounting experience and an ACCA Certificate in International Financial Reporting Three years relevant accounting experience ACCA affiliate status AM I ELIGIBLE TO APPLY? To confirm the relevance of a degree, please refer to ACCA s Exemption Enquiry database - portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/enqinstitutionstable.jspx If applying on the basis of experience, please submit a completed experience confirmation form - www.accaglobal.com/content/dam/acca/global/pdf-qualifications/2014/dipif-experience-form.pdf WHY STUDY DipIFR? On completion of the Diploma candidates should be able to: understand and explain the structure of the framework of international accounting apply relevant financial reporting standards to key elements of financial reports dentify and apply disclosure requirements for companies in financial reports and notes prepare group financial statements (excluding group cash flow statements) including
DipIFR COURSE - JUNE 2019 Module 1 Saturday 23 rd February 9.00am - 12.30pm Mr John Debattista Saturday 2 nd March 9.00am - 12.30pm Mr Kevin Vassallo Module 2 Saturday 9 th March 9.00am - 12.30pm Mr Kevin Vassallo Thursday 14 th March 6.00pm - 9.00pm Mr Kevin Vassallo Module 3 Saturday 23 rd March 9.00am - 12.30pm Mr Kevin Vassallo Saturday 30 th March 9.00am - 12.30pm Mr Kevin Vassallo Module 4 Saturday 6 th April 9.00am - 12.30pm Mr Kevin Vassallo Saturday 13 th April 9.00am - 12.30pm Mr Kevin Vassallo Module 5 Saturday 27 th April 9.00am - 12.30pm Mr John Debattista Thursday 2 nd May 6.00pm - 9.00pm Mr John Debattista Module 6 [Revision] Saturday 11 th May 9.00am - 12.30pm Mr Kevin Vassallo Saturday 18 th May 9.00am - 12.30pm Mr Kevin Vassallo
Module 1 - Topic Areas: 1.1 Non-current assets under IFRS IAS 16 Property, Plant and Equipment IAS 40 Investment Property IAS 38 Intangible Assets IAS 36 Impairment of Assets IAS 23 Borrowing Costs IAS 20 Government Grants 1.2 Statement of Cash Flows under IFRS IFRS I N T E R N A T I O N A L F I N A N C I A L R E P O R T I N G S T A N D A R D S IAS 7 Statement of Cash Flows (not examinable) 1.3 Substance over Form under IFRS IAS 18 Revenue IAS 17 Leases Module 2 - Topic Areas: 2.1 Income Taxes IAS 12 Income Taxes 2.2 Earnings per Share IAS 33 Earnings per Share 2.3 Share-based payment IFRS 2 Share-based Payment Module 3 - Topic Areas: 3.1 Introduction to Groups 3.2 Preparation of the Consolidated Statement of Financial Position 3.3 Preparation of the Consolidated Statement of Comprehensive Income 3.4 Accounting for Associates and Joint Ventures Standards to be covered: IFRS 3 Business Combinations IFRS 10 Consolidated and Separate Financial Statements IAS 28 Investments in Associates IFRS 11 Joint Arrangements IAS 21 The Effects of Changes in Foreign Exchange Rates
Module 4 - Topic Areas: 4.1 Financial instruments under IFRS IAS 32 Financial Instruments: Presentation IAS 39 Financial Instruments: Recognition and Measurement IFRS 9 Financial Instruments Module 5 - Topic Areas: 5.1 The Conceptual Framework 5.2 Presentation of Published Financial Statements IAS 1 Presentation of Financial Statements 5.3 Reporting Financial Performance IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IFRS 5 Non-current Assets Held for Sale and Discontinued Operations IFRS 8 Operating Segments 5.4 Inventories and construction contracts IAS 2 Inventories IAS 11 Construction Contracts 5.5 IAS 21 Foreign Transactions and Entities 5.6 IAS 37 Provisions, Contingent Module 6 - Topic Areas: Revision course in preparation for the DipIFR examination. Refresh participants knowledge of the subjects covered in the course Working through a number of past exam questions to develop examination skills. PLEASE NOTE! Some topics from the course, which are examinable, may not be covered during the course. These remaining topics, which are unlikely to be examined, must be covered as home study.
EXAMINATION EXAM DATE - 7 th June 2019 The DipIFR will be assessed by a single three-hour, 15 minute closed book written exam, which is held twice a year - in June and December. The pass mark is 50%. EXAM APPROACH The examination is a three hour paper divided into two sections. It contains a mix of computational and discursive elements. Some questions adopt a scenario/case study approach. Section A includes a mainly computational question and Section B contains a mix of computational and discursive questions. MARKS Secion A: One group accouting question 40 Section B: Three compulsort questions (20 marks each) 60 100 All questions are compulsory to ensure each candidate is examined on all the main syllabus areas. The paper will consist of: One compulsory 40 mark question covering group accounting and individual company adjustments, and Three compulsory 20 mark questions covering a variety of accounting standards.
THE TUTORS MR JOHN DEBATTISTA Mr Debattista is a Certified Public Accountant and Registered Auditor. John is one of the founding partners at Zampa Debattista and heads the Assurance function of the office. He is the IFRS leader and acts as an advisor on highly technical IFRS issues. Prior to Zampa Debattista, John occupied the post of audit manager in a medium sized audit firm where he developed a specialization in the financial services industry and remote gaming sector. John lectures at the final stages of the ACCA, namely the Corporate Reporting paper. John also lectures the ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales, namely the Corporate Reporting paper. John is also a speaker in various audit and accounting seminars delivered by a number of institutes in Malta. MR KEVIN VASSALLO Mr Vassallo is a Certified Public Accountant and holds a Masters Degree in Finance from the University of Leicester. He has been involved in IFRS training for the past 16 years having lectured in both ACA and ACCA accounting and finance papers. He also delivers CPE seminars on behalf of the MIA and a number of other providers. Kevin is a senior executive at the Central Bank of Malta where he has been employed for the past 27 years in financial markets, risk management and accounting.
FEES & DEADLINES COURSE PARTICIPATION The fee for each individual modules: 150 (including vat but excluding books) The deadline for bookings: 8 th February 2019 ACCA & EXAM REGISTRATION Register online through the following link, taking into consideration the 10 days until applications are fully processed - www.accaglobal.com/lk/en/qualifications/glance/dipifr/ applynow.html Upload the following supporting documentation during registration process - Passport size photo - Copy of the educational certificates and/or letter from employer confirming your work experience Pay the applicable fee (as listed below) Once your ACCA registration is complete, inform AIM Academy that your online registration has been completed, quoting your registration number The fee is 185. This allows one exam attempt. In order to sit for the June exam, ACCA will need to receive your registration form and all supporting documentation by 21 st April 2019. Please note that you will also have to make your exam entry online by this date, i.e. after your application has been processed by logging into your myacca and choose exam entry. You will then select the country you want to sit your exam in. These fees are subject to change without written notice. It is the student s responsibility to register with ACCA and book for the exam. AIM Professional Academy is not responsible for registering the student with ACCA, nor to book the student for the exam. BPP STUDY MATERIALS BPP Learning Media is the market leading publisher of study materials for professional exams. BPP Learning Media is an ACCA approved publisher worldwide. Study Text The BPP DipIFR study text has extensive coverage of all the topics covered in the Diploma 60 Practice & Revision Kit The BPP DipIFR practice & revision kit contains exam standard practice questions helping you to fully prepare for the exam. 35 Passcards The BPP DipIFR passcards give a clearer visual emphasis to key points and help you revise at a glance. 20
ACCA DipIFR Application Form - June 2019 Exam session Name: ID/Passport no.: Surname: Contact no.: Address: E-mail address: MODULES Module 1 150 Module 2 150 Module 3 150 Module 3 150 Module 5 150 Module 6 150 STUDY MATERIALS Study Text 60 Practice & Revision Kit 35 Passcards 20 TOTAL I consent the disclose of my details to AIM Professional Academy made by ACCA I have read and accepted the Terms & Conditions https://aimacademy.com.mt/terms-conditions/courses/ PAYMENT: Cash Credit Card Cheque Internet Banking Cheques must be made payable to: AIM Professional Academy Ltd. Our bank details: Account name: AIM Professional Academy Ltd. Bank name: Bank of Valletta (BOV) BIC: VALLMTMT Account no.: 40017289515 IBAN no.: MT63VALL22013000000040017289515
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