international financial reporting (dipifr) · overview the diploma in international financial...
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ACCA Diploma in International Financial Reporting (DipIFR)
Starting this January !
Suite 4, Level 1, Tower Business Centre, Tower street, Swatar, BKR4013+356 21 314 896 | [email protected]
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
F1-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
If applying on the basis of experience, please submit a completed experience
confirmation form
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
identify and apply disclosure requirements for companies in financial reports and
notes
prepare group financial statements (excluding group cash flow statements)
including subsidiaries, associates and joint ventures
DipIFR Course June 2018
Module 1:
Saturday 13th January 9:00am – 12.30pm – Mr. John Debattista
Saturday 20th January 9:00am – 12.30pm – Mr. Jonathan Dingli
Module 2:
Saturday 27th January 9:00am – 12.30pm – Mr. Kevin Vassallo
Saturday 3rd February 9:00am – 12.30pm – Mr. Kevin Vassallo
Module 3:
Saturday 17th February 9:00am – 12.30pm – Mr. Jonathan Dingli
Saturday 24th February 9:00am – 12.30pm – Mr. Jonathan Dingli
Module 4:
Saturday 10th March 9:00am – 12.30pm – Mr. Kevin Vassallo
Saturday 17th March 9:00am – 12.30pm – Mr. Kevin Vassallo
Module 5:
Saturday 7th April 9:00am – 12.30pm – Mr. John Debattista
Saturday 14th April 9:00am – 12.30pm – Mr. John Debattista
Module 6: [Revision]
Saturday 21st April 9:00am – 12.30pm – Mr. Kevin Vassallo
Saturday 28th April 9:00am – 12.30pm – Mr. Kevin Vassallo
Module 7: [Revision]
Saturday 5th May 9:00am – 12.30pm – Mr. Kevin Vassallo
Saturday 12th 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
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 Liabilities and Contingent Assets
Module 6 & 7:
Topic areas:
Revision course in preparation for the DipIFR examination
Will refresh participants’ knowledge of the subjects covered in the course
and go through a number of past exam questions to develop one’s
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 Dates: 8th June 2018
The DipIFR will be assessed by a single three-hour 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:
Section A: One group accounting question 40
Section B: Three compulsory 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.
ACCA & Exam Registration
Register online through the following link, taking into consideration the 10
days until applications are fully processed
http://www.accaglobal.com/lk/en/qualifications/glance/dipifr/apply-
now.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 (please refer to the ACCA Registration Fee section
on page 7)
Once your ACCA registration is complete, inform AIM Academy that your
online registration has been completed, quoting your registration number.
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 DipIFR study book contains all the knowledge you need for the exam in
practical and user friendly format.
Practice & Revision Kit
The DipIFR practice & revision kit contains a wealth of practice questions
helping you to apply your knowledge and fully prepare for the exam.
Pass Cards
The DipIFR Passcards will make the best use of your revision time. Their
innovative card format helps you revise at a glance.
Fees
Participation Fees
Fee for each individual modules: €150 (including vat but excluding books)
Textbooks:
BPP Study Text which has extensive
coverage of all the topics covered in
the Diploma €60
BPP Practice & Revision Kit which is
full of exam standard questions to
practice €35
BPP Pass Cards aid revision by giving
clearer visual emphasis to key points
€20
ACCA Registration Fees
The fee is £185. This allows one exam attempt.
THOSE ALREADY REGISTERED
A fee of £185 is applicable until 30 April 2018.
A fee of £299 is applicable 31 April - 7 May 2018.
Registered DipIFR students re-sitting the examination in June 2018 should enter
through the myACCA account created at the time of registration. When you log in
to your myACCA and choose ‘exam entry’, you will then select the country you want
to sit your exam in. This will provide you with a list of available exam centres within
that country, for that particular exam session.
These fees are subject to change without written notice.
John Debattista
John 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.
Jonathan Dingli
Jonathan is an Associate Director within KPMG’s Accounting
Advisory Services Unit. He has been involved in providing technical
advice on various IFRS issues. He also assisted clients in the
preparation of consolidated financial statements and in delivering
training sessions on specific IFRS matters. Prior to returning to KPMG,
Jonathan led the Malta Institute of Accountants’ Technical
Department for seven years. He lectured for the ACCA Advanced
IFRS Paper (P2) for BPP in Malta and internationally between 2008
and 2012, and is today an Assistant Lecturer with the Department
of Accountancy in the Faculty of Economics, Management and
Accountancy at the University of Malta.
Kevin Vassallo
Kevin 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.
For more Information
AIM Professional Academy Limited, Suite 4, Level 1, Tower Business Centre, Tower
Street, Swatar, BKR 4013
Tel: (+356) 2131 4896,
E-mail: [email protected]
Facebook: AIM Professional Academy
Website: www.aimacademy.com.mt
Book your Course
Please fill in the following application form and return it by post along with payment
(where applicable) at the address specified in the form itself. Please view the Terms
and Conditions
Name & Surname:
ID Number: Date Of Birth:
Qualification/Degree:
Address:
Postcode: Telephone Number:
E-mail Address:
Examination Date:
If you wish AIM to issue the payment receipt on the employer’s company address,
please include details and VAT number
Module Date Fee Tick where applicable Module 1 Saturday 13th & 20th January ‘18 (9:00-12:30pm) €150
Module 2 Saturday 27th January & 3rd February ‘18 (9:00-12.30pm) €150
Module 3 Saturday 17th & 24th February ‘18 (9.00–12.30pm) €150
Module 4 Saturday 10th March & 17th March ‘18 (9.00 – 12:30pm) €150
Module 5 Saturday 7th & 14th April ’18 (9.00 – 12.30pm) €150 Module 6 Saturday 21st & 28th April ‘18 (09.00 – 12.30pm) €150 Module 7 Saturday 5th & 12th May ’18 (9.00-12:30pm) €150 Study Material
Study Text €60
Practice and Revision Kit €35
Passcards €20
Total
€
ACCA Diploma in International Financial Reporting (DipIFR)
Application Form- June 2018 Examinations
Good luck!