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International Financial Reporting Standards IFRS

  • Diploma in International Financial Reporting (DipIFR) is an international qualification in IFRS developed by the leading professional accounting organisation – Association of Chartered Certified Accountants (ACCA) – which helps to develop knowledge in the area of International Financial Reporting Standards (IFRS). The diploma is widely accepted in more than 80 countries. As with other countries around the world that have converged to IFRS, it has become increasingly relevant worldwide.
  • International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide


The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

On completion of the Diploma candidates should be able to:

  • understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
  • 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 arrangements.

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 for the Applied Knowledge and Corporate and Business Law (LW) exams)
  • Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
  • Three years' relevant accounting experience
  • ACCA affiliate status
  1. Demonstrate your compentence in IFRS and enhance your career prospect.
  2. Become more Employable.
  3. Get exemption from ACCA paper F7.
  4. The opportunity to earn an affordable qualification recognised in UK.
  5. The prospect of academic progression through ACCA qualification.

A International sources of authority

  1. The International Accounting Standards Board (IASB) and the regulatory framework

B  Elements of financial statements

  1. Revenue recognition
  2. Property, plant and equipment
  3. Impairment of assets
  4. Leases
  5. Intangible assets and goodwill
  6. Inventories
  7. Financial instruments
  8. Liabilities –provisions, contingent assets and liabilities
  9. Accounting for employment and post-employment benefits 10) Tax in financial statements
  10. The effects of changes in foreign currency exchange rates 12) Agriculture
  11. Share-based payment
  12. Exploration and evaluation expenditures
  13. Fair value measurement

C Presentation and additional disclosures

  1. The International Accounting Standards Board (IASB) and the regulatory framework
  2. Presentation of the statement of financial position, and statement of profit or loss and other comprehensive income
  3. Earnings per share
  4. Events after the reporting date
  5. Accounting policies, changes in accounting estimates and errors 5) Related party disclosures
  6. Operating segments
  7. Reporting requirements of small and medium sized entities (SMEs)

D Preparation of external financial reports for combined entities, associates and joint arrangements

  1. Preparation of group consolidated external reports
  2. Business combinations –intra-group adjustments
  3. Business combinations –fair value adjustments
  4. Business combinations –associates and joint arrangements


Our Offering:

  • Extensive live classroom training of 70+ hours
  • Conveniently timed classes to suit working individuals
  • Study material and mock tests and question bank will be provided
  • Exclusive facility of online video recorded lectures provided only by Professional Training Centre.
  • Exemption from ACCA F7 and F3 papers.
  • Study for certificate in IFRS from ACCA while completing diploma on the way.

Why Leaders Training Centre?

We offer extensive classroom training, Inspirational tuition from expert practitioner who uses real examples in the classroom to bring the course to life. Our class sizes are strictly capped, enhancing the level of support available to each candidate inside the classroom.

One-to-one tutor introduction

Our support begins on the day a student enrols with us. All of our candidates are invited to a one-to-one meeting or phone call with their course tutor. The instructor will explain the curriculum and discuss studying techniques that suit the individual candidate.

Teaching Style

Inspirational tuition from expert practitioner who uses real examples in the classroom to bring the course to life. We employ most experienced and qualified faculty to teach.


Our courses are structured in modules to allow maximum flexibility for candidates. We offer classes on weekends for the convenience of students.


We offer students with 120 plus hours of tutored class time, with no subjects in the curriculum omitted. The length and intensity of class is kept to suit your working style and budget.


We offer continuous off-class support in the form of emails, Whats app groups, discussion forums on our e-learning portal.


Our tutor provides an intuitive understanding of accounting and finance, not just a long sequence of formulae for rote learning. This understanding helps to make complex analytical exam questions easier, as well as providing longer term benefit to the candidate as well as their employer.

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Contact Information

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Call us: +974 4466 4321

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