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IFRS Qualification


COURSE OVERVIEW

If you are finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you.

International Financial Reporting Standards (IFRS) are 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 India, are moving towards applying IFRS, which is having a significant impact on financial reporting.



WHY IFRS IS IN DEMAND

In this globalized era, national General Accepted Accounting Principles (GAAP) is becoming rare and IFRSs are gaining momentum across the world. These are accepted as a single accounting language for the preparation of financial statements. This universal recognition of IFRSs has established a common platform for this profession in the whole world and created a need for finance and accounting professionals to gain knowledge and experience on these standards.

The implementation of IFRS as an essential norm for doing business in global markets has turned it into a mandatory requirement for the companies. The companies are seeking this expertise as eligibility for the accounting professionals. Moreover, the companies are also facilitating the existing employees in this area to learn these standards. The proficiency in these international standards is highly recommended for Chief Accountant, Chief Financial Officer, Finance Managers, Bank Managers, Financial Controllers, Accountants, Financial Analyst, Auditors and Portfolio Managers.



Chief Accountant

Bank Managers

Auditors Officer

Chief Financial Officer

Finance Manager

Portfolio Managers

Financial Cotrollers

Financial Analyst

Accountants

COURSE BENEFITS



Gain Recognition


Develop Technical SKills


Global Acceptance


Learn & Earn


Resume Enhancement


ACCA's Support


Employer Network

FINPLAN’S QUALITY ASSURANCE AND SUPPORT

Being the ACCA - Gold Approved Learning Partner, we maintain the overall learning experience as per guidelines given by the ACCA Body. The following are the Quality Benchmarks and support provided by us:



With a pool of talented industry experienced and Qualified Academicians at FINPLAN; the students at FINPLAN get the right learning value with the fine methodology in the teaching pattern assessed by the Academic team and ACCA at the campus.

At FINPLAN; the Diploma in IFRS program is taught by faculties who are IFRS certified. The faculties also carry real-time work experience which helps them to connect with the industry insights while discussing various academic agendas during their learning process with the students.

Either you are a student or a working professional; you can choose the batch that suits your priority to complete your Qualification with the Institution.

The ACCA employer network extends with 7900 employer listing with supports the students at FINPLAN for accessing various job roles with corporates and MNC’s

At FINPLAN; you get to access facilities like Library, Financial Labs, Air Condition Learning Rooms to suit your learning process and make you progress in you’re the chosen certification.

Each year you get to gain first hand industry knowledge and updates by attending Global Accounting conferences and increase your network with employers to enhance your pool of career opportunities

You can access to best in industry ACCA Resources like the Text, Exam techniques, pocket notes, E-books, presentations, case-studies and assignments to support your training and learning for the Diploma in IFRS program.

COURSE OBJECTIVES

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.

ELIGIBILITY

Candidates who seek interest in Profession of Accounting or Finance can apply for this certification. They can be:

Qualified Working Professionals having a relevant experience in the sector of accounting and finance.


Graduates or Post Graduates from a recognized University.


Candidates with Professional Qualification like CA (ICAI), CFA, CPA, CGA, ICWAE or similar.


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

The Diploma in International Financial Reporting (DipIFR) can be studied through the Classroom Face to Face Learning mode or online mode to fit your studies around your work and social commitments.


The diploma can be completed in three to six months.


In case; you wish to certify yourself for Dip.IFRS program from ACCA body; then you are required to appear for a three-hour written exam held twice a year with a pass mark of 50 percent.


LEARNING DURATION

COURSE CERTIFICATION





On successful completion of the program students will be awarded the program certification from FINPLAN and ACCA body

Please note:
Students who are looking at certifying themselves with ACCA certification have to clear the ACCA examination on Diploma in IFRS. For details contact FINPLAN program advisor.

TESTIMONIALS



Testimonial

Priyesh Kishore Jain

Qualification : Graduate, CA by ICAI and Diploma in IFRS by ACCA

Position : Client Financial Analyst

The facility at the campus is world-class. Being a working professional; time commitment towards Learning is always a challenge. I am great full to get enrolled at FINPLAN which provided me classroom lectures supported with personal tutor guidance which helped to clear my doubts, get a recap of past lectures and practice my learning objectives even staying away from the physical learning pattern. The trainer is very intellectual with maturity in their training experience. They exhibit industry experience and that helped me to map his experience with academic knowledge within the syllabus.
Testimonial

Silvi Gomes

Qualification : Graduate, CA by ICAI and Diploma in IFRS by ACCA

Position : Country Controllership Associate Manager

“I am thankful for my employer who sponsored my training at the Institute Finplan for Diploma in IFRS. To my experience, the institute program coordinators exhibited thorough professionalism which focuses on timely commencement and completion of the program. The trainers gave us practice notes, tests, assignments which helped me the pass the ACCA’s exam very smoothly. The trainer was very thorough with his answers in the Class and was very helpful towards doubt solutions. Since the trainer has high industry experience in implementing IFRS with Global and Indian MNC’s; he could share practical insights which made the learning very interesting”
Testimonial

BHARAT PATEL

Qualification : Graduate, CA by ICAI and Diploma in IFRS by ACCA

Position : Senior Financial Analyst

“My first for the institution was the institute had high standards of consulting us even before I took the admission for the program. The expert was thorough with his knowledge and had clarity on the application and implantation of IFRS with respect to the industry questions asked by me. The campus reflects high standards of learning value. The trainer was very skilled with his teaching skills. Although I missed a few lectures; the trainer was able to gear up the knowledge with me 1 to 1 and ensured I get in pace with the batch. Overall my experience at learning Diploma in IFRS at FINPLAN was great. I would highly recommend the institute for all IFRS aspirants”


FREQUENTLY ASKED QUESTIONS



While both programs carry accreditation and certification by ACCA body there is a huge difference between each one of them. The ACCA Qualification is a comprehensive program of 13 papers which includes focusing on learning in the field of Global Taxation, Auditing, Financial Reporting, Strategic Leadership to name a few and the diploma in IFRS or Dip.IFRS is a program specifically focusing on the learning and mastering your skills and knowledge in Financial Reporting Standards.

If you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you. The course is designed to develop your knowledge and understanding of International Financial Reporting Standards.

If you are already a working professional or having your accounting and finance learning in place with lack of knowledge and skills in the financial reporting standards; this course perfectly fits your purpose and requirement. The main objective to join the Diploma in IFRS batch at FINPLAN should be to access the learning of International Financial Reporting Standards, understand and implement the IASB's Practical and Conceptual Framework, apply relevant financial reporting standards to key aspects of financial reports, identify and apply disclosure requirements for companies, prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.

International Financial Reporting Standards (IFRS) are mandated in more than 100 countries worldwide. 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 India, are moving towards applying IFRS, which is having a significant impact on financial reporting.

IFRS is the international accounting framework within which to properly organize and report financial information. IFRS requires businesses to report their financial results and financial position using the same rules; this means that, barring any fraudulent manipulation, there is considerable uniformity in the financial reporting of all businesses using IFRS, which makes it easier to compare and contrast their financial results.

IFRS is an international accounting standardized framework for developing and organizing a report on financial information. This helps business to identify fraudulent manipulations, helps investors recognize financial status, compare financial results and ensure business practices on financials are regulated in a standardized manner.

It is not compulsory for you to sit for the ACCA paper/examination on Diploma in IFRS but we highly recommend you to do so in order to get a formal recognition in your career portfolio. This will help you to share the credibility of your IFRS recognition on the global platform and help the employer identify you with sound knowledge in the area of financial reporting standards. One can choose to take the Diploma in IFRS examination at the timeline of their choice. There is no mandate to sit immediately post your completion of learning at the Finplan Institution.

Yes, we highly recommend you to look into the Financial Analytical tools which are supported by IBM technology. The use of Financial Analytical tools help present, analyze, identify your financial data/information further assisting yours in creating laser-sharp efficiency in your decision-making skills in developing the financial structure for the organization. Please consult our Diploma in IFRS Program consultant who will guide you on the information of Financial Analytics program or call to fix an appointment on 9029007248.

The program is 120 hours program supported by an Industry Expert trainer. Since we get a mix of working professional and pursuing formal education students who desire to enrol for the program; we organize weekend batches for the program. For details on batches; please consult our Academic Help-desk.






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