Looking to take a step ahead in your finance career? A diploma in ifrs acca online course can be a key credential to add to your resume. This qualification deepens your understanding of International Financial Reporting Standards and enhances your employability in a competitive job market.
However, navigating the path to achieving this diploma can be daunting. You may have questions like:
- What are the eligibility criteria?
- How do I register for the exam?
- What topics will I need to master?
- Are there any ifrs diploma acca exemptions?
- How can I best prepare for success?
We at Ikka Classes have covered all your burning questions in this value-packed guide.
Dip IFRS ACCA stands for diploma in International Financial Reporting Standard. It is a certified program offered by the Association of Chartered Certified Accountants (ACCA) to help you gain good working knowledge on IFRS. This standard is mandated in almost 140+ countries. Infact, India has also included IFRS in IND AS for financial reporting purposes.
By the end of this course, you will have:
- Developed critical thinking and problem-solving abilities.
- Gained enough technical knowledge about the principles and rules of IFRS.
- Learned how to account for Micro, Small, and Medium Enterprises (MSMEs) & Small and Medium Enterprises (SMEs).
- A basic understanding of key differences between IFRS and GAAP or Ind AS.
- Know how to prepare and analyze financial statements in compliance with international standards.
Why Study For Dip IFRS?
A diploma in IFRS ACCA course brings in a multitude of benefits:
- It brings global recognition from 140 countries, such as the European Union (EU) countries, Hong Kong, the UK, and India.
- Opens doors to international opportunities in multinational corporations.
- Keeps professionals updated with IFRS changes and developments.
- It equips you with practical skills to apply IFRS standards effectively in real-world scenarios.
- Strengthens your resume, showcasing a commitment to ongoing education and professional growth.
- You become a part of the community of ACCA students and professionals pursuing IFRS diploma. It opens doors to connections with peers and industry leaders who can support and guide your career.
In short, studying for the Dip IFRS is a smart move for your career. It not only boosts your qualifications but also opens up exciting job opportunities worldwide.
ACCA Diploma In IFRS Eligibility
To pursue the ACCA Diploma in IFRS, candidates must meet the following criteria:
- Qualified accountants or auditors recognized by national accounting standards.
- Professionals with relevant experience in finance or accounting (minimum 2 years).
- Graduates with a background in commerce or finance may also qualify under specific conditions.
- Professionals with three years of work experience.
- ACCA Affiliates
Who Should Pursue Dip IFRS?
The acca ifrs diploma course is ideal for:
- ACCA members
- Practitioners or Qualified Chartered Accountants (CAs), CMAs or CS.
- Investment bankers and analysts.
- Recent finance graduates
- Working professionals in auditing and accounting domain.
Diploma In IFRS ACCA Syllabus
The diploma in IFRS acca syllabus is designed to help you:
- Explain and apply IASB’s Conceptual Framework.
- Implement IFRS standards in financial statements.
- Identify and apply disclosure requirements.
- Prepare group financial statements, including subsidiaries and joint arrangements.
The key topics you will cover are:
International Regulatory Framework:
- Role of the International Accounting Standards Board (IASB).
- IFRS framework and its applications.
Core Elements of Financial Statements:
- Revenue recognition under IFRS 15.
- Accounting for property, plant, and equipment.
- Intangible assets and goodwill
- Inventories
- Financial instruments
- Provisions, contingent assets, and liabilities
- Impairment of assets
- Leases
- Employee benefits
- Tax in financial statements
- The effects of changes in foreign currency exchange rates
- Agriculture
- Share-based payment
- Exploration and evaluation expenditures
- Fair value measurement
Presentation and Disclosure Requirements:
You will learn:
- Preparation for financial statements – statement of financial position, profit or loss, and other comprehensive income.
- Earnings per share and events after the reporting period.
- Reporting standards for small and medium-sized enterprises (SMEs).
- Accounting policies, changes in accounting estimates, and errors
Preparation of external financial reports
You’ll gain skills in preparing consolidated reports for:
- Combined entities, including consolidated and group reports
- Associates and joint ventures
- Business combinations and related adjustments.
Excluded topics
The following topics are excluded from the IFRS syllabus:
- Complex Group Structures
- Step Acquisitions and group reconstructions.
- Financial Statements of Banks
- Cash Flow Statements (for single companies and consolidated entities).
For a more in-depth syllabus, you can download the official IFRS 2024-25 study guide here.
What Study Options Do You Have For A Diploma In IFRS ACCA In India
The best part of the diploma in IFRS acca online course is that it can be completed within 3-6 months, depending on your learning pace and schedule. For study options, you can opt for:
- Self-paced learning – Ideal for working professionals balancing jobs and studies.
- Instructor-led batches – Interactive sessions with scheduled timelines for students who prefer structured learning.
At Ikka Classes, we provide:
- Online Learning Modules – Access high-quality, self-paced video lectures and study material anytime, anywhere.
- One-on-one sessions – with our industry-qualified IFRS experts.
- Practical Case Studies – Gain hands-on experience with real-world scenarios
- Exam prep kits – like Mock paper tests and revision notes to boost confidence before the exam
- 100% placement assistance – – We don’t just train you; we help you secure the right job after completing the diploma.
- Bridge upskilling courses – to help you develop real-world skills and stand out in the job market.
Enroll today in Ikka Classes’ IFRS ACCA program.
If you still have doubts, you can visit our website or contact us. Our dedicated team will assist you.
IFRS Diploma ACCA Exemptions
The ACCA Diploma in IFRS does not grant exemptions based on previous ACCA modules or qualifications. Suppose you have prior qualifications in IFRS or extensive practical experience in financial reporting. In that case, you may find the course content easier to understand, but this does not equate to formal exemptions.
ACCA Diploma In IFRS Exam Registration Process
Before you register, you will have to keep the following documents handy:
- Valid Photo ID such as a driver’s license, passport, or birth certificate
- Letter of employment or work experience confirmation form
Now, to apply online for the ACCA Diploma in IFRS, follow these steps:
Step 1: Go to the official ACCA website.
Step 2: Create or Log In to Your ACCA Account. You’ll need to register if you don’t have an account; otherwise, simply log in.
Step 3: Then, navigate to the Diploma in IFRS Section and click on APPLY NOW.
Step 4: The process for diploma in ifrs acca registration has 4 stages – personal details, qualifications, document upload, and payment summary. Complete all the four stages.
Step 5: Review your application and submit it.
Is The Dip IFRS ACCA Exam Difficult?
The Diploma in IFRS ACCA exam is moderately challenging, but with the right preparation, success is achievable. If we talk about the passing rates over the last five sessions for the professional IFRS diploma course, it is around 42% on average:
Exam Session | Pass Rate (%) |
June 2022 | 45% |
December 2022 | 41% |
June 2023 | 43% |
December 2023 | 35% |
June 2024 | 44% |
Source: ACCA Global
Regarding the Exam Format and Assessment, you must appear for Dip IFRS in a continuous 3-hour sitting for a 100-mark paper. The passing rate is 50% minimum for each subject. The question types are:
- Scenario-Based Questions (requiring interpretation and application of IFRS standards)
- Case Studies to test practical understanding.
Preparation Tips For ACCA Diploma In International Financial Reporting Exam
- Create a Study Schedule
Start by planning your routine to set the tone of your study. How ill you study? What papers will you start first? Make a schedule of everything and start with your best foot forward.
Study in blocks. Allocate specific hours each day for studying. Aim for consistency—short, focused study sessions (1-2 hours) can be more effective than long, irregular periods.
Start with papers or topics you are less familiar with. This ensures you have adequate time to master these areas.
- Join Peer Study Groups
Learning comes better when you share. Join peer groups and discuss difficult topics and doubts with each other. This way, you can gain a different perspective for your subjects.
- Utilize Study Resources
Access the free IFRS study resources by ACCA Global. It covers
- Blogs
- Webinars
- Video lectures
- Past exam papers.
- Gain Conceptual Clarity
- Focus on understanding the ‘why’ behind IFRS standards rather than just memorizing rules. This will help with application in exam scenarios.
- Pay attention to the latest updates and changes in IFRS standards, as they may be relevant for the exam.
- Stay Motivated and Healthy
- Taks short breaks from time to time to refresh your mind.
- Reward yourself for completing your study goals.
- Maintain a healthy lifestyle—exercise and eat well. All this will help you learn better.
How Much Does The Dip IFRS ACCA Cost?
The diploma in IFRS acca fees includes initial registration fees and exam fees. Heres is a simple breakdown of fee structure:
Fee Type | Cost (INR) |
Initial Registration Fee | ₹9,100 (Approx. £89) |
Exam Entry Fee (Per Sitting) | ₹14,600 (Approx. £143) |
Total Cost for one attempt | 23,700 (£232) |
Additional Costs to Consider:
- Study Material Fees
- Coaching Fees
Is The Dip IFRS ACCA Worth It?
By now, you must be considering applying for Dip IFRS. But is it really worth the time & investment?
A diploma in IFRS is definitely worth it for aspiring accountants and auditors. Especially if you want to work in MNCs or go abroad, this course is the best bet for your career. When you pursue Dip IFRS, you can expect:
- Higher Salaries: According to the World Economic Forum, the demand for IFRS experts has risen by 20% and can grow by more than 10% in the coming 10 years. Thus, IFRS professionals earn 20-30% more than non-certified peers.
- Global Opportunities: Work with top MNCs and Big 4 firms like PwC, Deloitte, EY, and KPMG.
- Career Growth: With this course, you move into senior accounting roles where you can expect to earn anywhere between 18 lakhs and 30 lakhs per annum in salary, much higher than what ACCA holders earn.
- Credibility: When you apply for diploma in IFRS acca and clear the course, you can add it to your resume as a credential. It shows your commitment to professional development.
How Does Dip IFRS Different From ACCA Degree
Both the Diploma in IFRS (DipIFR) and the ACCA qualification focus on financial reporting and accounting standards. However, they cater to different career goals and professional needs.
Here’s a detailed comparison:
Points of difference | Diploma in IFRS (DipIFR) | ACCA Qualification |
Purpose | Specialises in International Financial Reporting Standards (IFRS) for finance professionals. | Covers broader accounting and finance principles, including taxation, audit, and management accounting. |
Eligibility | Ideal for CAs, finance professionals, or graduates with relevant experience. | Suitable for freshers and working professionals aiming to build a career in finance. |
Duration | Short-term course – 3 to 6 months. | Long-term course – 2 to 3 years, depending on ACCA exemptions. |
Exams | Single exam (held twice a year). | The ACCA exam pattern has 13 exams divided into three levels: knowledge, skills, and professionalism. |
Career Focus | Enhances skills in IFRS reporting and compliance. | Prepares candidates for global finance roles like auditors, accountants, and CFOs. |
Global Recognition | Recognized globally for IFRS expertise. | Highly regarded international qualification for finance and accounting careers. |
Flexibility | Focused and flexible, suitable for working professionals. | Structured curriculum for all levels, providing broader knowledge. |
Difference Between Dip IFRS Vs. CertIFR
Criteria | Dip IFRS ACCA | CertIFR |
Full Form | ACCA Diploma in International Financial Reporting (Dip IFRS) | Certificate in International Financial Reporting (CertIFR) |
Level | Dip IFRS is an advanced qualification designed for professional accountants looking to deepen their understanding of IFRS. | CertIFR is an introductory course for those new to IFRS and financial reporting. |
Depth of Knowledge | Focuses on detailed knowledge and practical implementation | You get a basic understanding and introductory knowledge |
Target Audience | Experienced finance professionals | Beginners and entry-level accountants |
Career Impact | Enhances job prospects | Good start for those entering finance |
Exam Type | Comprehensive 3-hour exam | Online MCQ-based assessment |
Prerequisites | Relevant accounting experience is preferred | No previous experience required |
Does Dip IFRS ACCA Cover IFRS Standards?
Yes, the diploma in IFRS ACCA syllabus covers the IFRS standards. You will learn about IFRS 15 (Revenue from Contracts with Customers) and IFRS 16 (Leases). The course is designed to help professionals understand and apply these standards effectively.
ACCA emphasizes IFRS because it provides a global framework for financial reporting, which is essential for international businesses. Unlike Generally Accepted Accounting Principles (GAAP), which can differ in each country, IFRS aims for consistency and transparency across borders. This makes it easier for investors and stakeholders to compare financial statements from different companies worldwide.
Frequently Asked Questions About Dip IFRS ACCA
For an ACCA diploma in IFRS eligibility criteria are to be a Chartered accountant, ACCA member, or finance professional with two years of relevant experience.
Yes, the diploma in IFRS ACCA is ideal for finance professionals seeking international recognition, better salaries, and global career opportunities.