International Financial Reporting Standards (IFRS) has a fast and efficient solution to meet the needs of someone who wants to be a finance professional. DipIFR can help develop the knowledge of the working area.
The course is mandated in more than 100 countries worldwide. All listed companies in the European Union (EU) have to prepare consolidated company accounts that comply with IFRS. It also affects associates and subsidiaries of EU-listed companies.
Other countries such as Australia, Hong Kong and South Africa have already adopted IFRS or equivalents as their local Generally Accepted Accounting Principles (GAAP). And many other countries around the world, including Nepal, are moving towards applying IFRS, which is having a significant impact on financial reporting.
Anyone who is a professional accountant or auditor who works in practice or business with qualification to national accounting standards are eligible to take this ACCA financial reporting qualification.
If one is working in practice, but not yet qualified, then he/she may still be eligible. The candidate will need to prove that he/she has 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