Dip IFR Program Offered by ACCA & ACCA

Diploma in International Finance Reporting


The Diploma in International Finance Reporting (DipIFR) is a qualification offered by the Association of Certified Chartered Accountants (ACCA). The ACCA is a global organisation with students and members in 170 countries, who have been in operation for over 100 years  and in that time, have built a reputation of excellence in qualifications and training that is recognised around the world, especially by employers of accountants.

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 – It provides an understanding of the concepts and principles which underpin them, and their application in the international marketplace.  the DipIFR also builds on the technical and practical knowledge acquired from recognised country-specific accountancy qualifications or relevant work experience.

Entry Requirements

Professional accountants and auditors, working in practice and industry, who are qualified in accordance with national accounting standards, are eligible to take the qualification. Also, practitioners who may yet not be qualified, but who can verify that they have three years’ relevant accounting experience through the submission of an employer’s letter are eligible.

Further Details

The Exam

The DipIFR is assessed by a single three hour written exam in June and December each year – the exam can be taken at any of the ACCA’s global exam centres (over 350 worldwide).

The pass mark is 50%.

How to Study

It can be studied as an open-learning course, based on self-contained study sessions produced by ATC International, an ACCA Approved Learning Partner- Content (ALP-c) Gold Status, and is assessed by a single three-hour written exam.  You can also attend specially designed DipIFR courses.

How to Register

Registration for the exam is done directly with the ACCA.  Visit http://www.accaglobal.com to register.  Registration can be done at any time though in order to sit a particular set of exams, you must register by the following deadlines:

For the December exams – register by 15 October
For the June exams – register by 15 April

Registration costs £167 – this includes one exam attempt and covers you for a period of 4 exam sessions.  You are required to attempt the exam at the first or second exam session after your registration.  If you need to retake the examination, an additional fee of £167 is required. ACCA reserve the right to change these fees without written notice, so ATC International suggest you confirm on the ACCA website for the most up to date information: http://www.accaglobal.com/en/qualifications/glance/dipifr.htm

ATC International

ATC International has prepared a comprehensive set of study materials and online program to prepare you for the Diploma in International Financial Reporting.  This material has received the ACCA ALP Content – Gold Status.  It will provide complete coverage of the syllabus, a question bank full of examination standard questions and realistic mock examinations for you to practice.

Our study material is designed to help prepare candidates for the examination, if they choose to take it, and to provide a comprehensive understanding of practical IAS and IFRS implementation for everyone who uses it.

The main topics covered are:

  • International sources of authority. Topics include: 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 IASB’ Framework for the preparation and presentation of financial statements’ and The first time application of International Financial Reporting Standards.
  • Elements of financial statements. Topics include: Property, plant and equipment, Intangible assets, Goodwill, Current assets including inventories, Construction contracts, Liabilities, Financial instruments, Provisions and contingencies, Employment and post-employment benefits, Accounting for tax, Accounting for agriculture, Share based payment and IFRS 6.
  • Exploration for and evaluation of mineral resources. Topics include: Income statements and discontinuing operations, Cash flow statements and Statement of changes in equity.
  • Preparation of external financial reports for combined entities and joint ventures. Topics include: Definitions of subsidiaries, investments in associates and joint ventures, Exclusions from consolidations, Preparation of consolidated balance sheets and income statements, Equity accounting and Proportionate consolidation and joint ventures.

A set of materials for the DipIFR qualification includes the following:

  • Study System
  • Study Overview
  • Monitoring Test I
  • Monitoring Test II
  • Mock Exam
  • Study Question Bank
  • Revision Question Bank
  • Supplement (showing the updates in the material from the last sitting of the examination)