EA Course

IFRS Course

International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB), is rapidly becoming a benchmark for the accounting world. With a growing number of countries opting for IFRS, the numbers of finance professionals with qualification in IFRS is also increasing globally. The Indian Accounting Standards (Ind AS), notified in 2014, have converged with IFRS, which marked a paradigm shift in the regulatory and reporting landscape for companies in India.

Diploma in IFRS (Diploma IFRS) from the Association of Certified Chartered Accountants is one such qualification which provides detailed conceptual insights into IFRS. It is widely recognised in India and around the world and is useful for finance professionals working or intending to work in an environment requiring accounting and reporting using IFRS/ Ind AS. The programmed is designed to develop an individual’s knowledge of IFRS by providing an understanding of the concepts, principles and application in the international marketplace.

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Eligibility

If you are a professional accountant or auditor who works in a 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 a working professional, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:

  • Three years of relevant accounting experience (duly filled, signed and stamped ACCA experience form by the employer)
  • A relevant degree, with two years’ of work experience
  • An ACCA certificate in International Financial Reporting, in addition to two- years’ of work experience

BDO India and Simandhar Education in India's certificate of participation shall be awarded to all students enrolling and recording a 90 per cent attendance in the sessions.

The DipIFR is assessed by a single written exam. This is held twice a year – in June and December at ACCA’s exam centres. The passmark is 50%.The exam last 3 hours 15 minutes and is made up of four 25-mark compulsory questions requiring both numerical and narrative answers.

The programme fee (exclusive of GST) is INR 29,500 which includes necessary study material but excludes the exam registration fees payable to ACCA for the DipIFR exam.

Successful candidates are awarded the ‘Diploma IFRS’ qualification by ACCA.

IFRS Course Syllabus

  • Understand and explain the structure of the framework of international accounting.
  • 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 ventures

  • Chief Financial Officers (CFOs), finance directors and strategic planners.
  • Accountants and analysts.
  • Consultants, practicing Chartered Accountants (CA), Cost and Management Accountants (CMA).
  • Finance and accounting professionals.
  • Graduates/Post graduates who are a part of the finance/accounting team.

Participants will be provided access to the Learning Management System (LMS) for a year from the date of batch commencement, which includes:
  • Session presentations
  • Live online classes (Login from anywhere in the world).
  • Summary of standards
  • Session videos
Modules on difference between IFRS/ Ind AS/ Indian GAAP
  • Weekend Sessions
  • Case Laws and IFRS Implementation projects
  • Mock test
  • 75 hours session
  • Recorded sessions incase you miss any session.
  • Certificate of Participation from BDO and Simandhar Education

Programme Highlights

  • The programme is based on the ‘Diploma in IFRS’ from ACCA syllabus
  • It aims to prepare participants for the Diploma IFRS examination conducted by ACCA
  • The programme covers seventy-five (75) hours of intensive and interactive Live Online training backed by recording of each and every session.
  • Sessions will be held during the weekends and will not only cover the topic but also differences between IFRS, US GAAP, Ind AS wherever applicable.
  • Monitoring test and mock examination shall be conducted to help students prepare well for the examination

Key Takeaways

Here are some of the reasons why one should pursue the guidance and training Course from Simandhar Education for IFRS

Simandhar Education provides you with access to 75 hours Live Interactive classes from anywhere in the world

Simandhar Education provides the facility to access recorded videos for students who seek to revisit the material taught.

Supports its students by placing them in Top F & A companies, Big 4 etc

Simandhar Education provides support to its students in handling the criticalities of Exam Registrations

Case Laws and IFRS Implementation projects along with Certificate of Participation from BDO and Simandhar Education as well

Monitoring test and mock examination shall be conducted to help students prepare well for the examination

Alumni and Testimonials

Harre Chauhaan

Passed IFRS Diploma (first attempt)
Thanks to BDO Simandhar Education Jaswanth John Sripal Jain (CA, CPA) for the excellent trainings & continuous support!

Naga Madhuri Kurma

Happy to have completed the IFRS Certification program from Association of International Certified Professional Accountants. Thanks Simandhar Education and Sripal Jain (CA, CPA) for your support.

Arun Achuthan

Attended the training sessions conducted by Simandhar Education on diploma in IFRS. Good coverage on the topics covered and recommending all to attend the training sessions.

Frequently Asked Questions (FAQ's)

These are the ones who should be taking the course.
  • MBAs majored in Finance and working in the accounting domain.
  • Chartered Accountants, and other finance professionals.
  • Semi-qualified CA, ICWA, CS working in the accounting domain.
  • Finance managers and Chief accountants.

One of the requirements needs to be fulfilled to be eligible but in case you are already an auditor or a professional accountant you are eligible right away
  • 2 years of accounting experience & a degree attracting at least ACCA exemptions F1-F4.
  • 3 years of accounting experience
  • ACCA affiliate status
  • 2 years of experience and ACCA certification in IFRS

Candidates are advised to practice the prior papers as if they were really sitting for the examination. Past papers are published on the ACCA website and it is also recommended that candidates use the revision blanks published by the various approved content providers

Yes, the relevant discount factors will be given to the candidates respectively.

In this case appropriate credit will be given as long as the student has answered the question and his/her workings are very clear.

IFRS is basically International Financial Reporting Standards which are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). IFRS requires businesses to report their financial results and financial position using the same standards and 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.

Diploma in International Financial Reporting (DipIFR) is an international qualification in IFRS developed by the leading professional accounting organisation which is known as the Association of Chartered Certified Accountants (ACCA) – which helps to develop knowledge in the area of International Financial Reporting Standards (IFRS).

IFRS professionals working in the top global auditing firms earn a starting annual package of Rs 8 lacs to Rs 15 lac per annum as per the LinkedIn salary report. There is another report that shows that many of the accounting consultants who are specialized in the IFRS work in India have an average salary take can go up to 19 lakhs. As one gains experience, the salary accordingly increases.

A candidate should have a complete and proper understanding of each and every element in the syllabus, it is essential.

Every attempt of the IFRS course will cost around 15k-20k and of course any of the additional training charges will be an extra cost and is certainly not included in this.

Yes, although it hasn’t been tested often and many candidates do not answer this. Despite this, part of section D of the syllabus consists of the preparation of a consolidated statement of changes in equity so candidates know how to reconcile the opening and closing balances of group retained earnings.

The answer to this actually depends on the question itself both the full measurement and partial measurement of goodwill could be examinable. Full measurement includes non-controlling interests in the goodwill calculation whereas partial measurement excludes non-controlling interests.

Yes, it will be marked as anything present in the answer booklet will be marked.

Simandhar Education provides you with Live Interactive classes which you can access from anywhere in the world. Simandhar also provides the facility to access recorded videos for students who seek to revisit the material taught.

  • Simandhar provides the candidate with live interactive classes which can be accessed from all over the world
  • All the teachers here at Simandhar are extremely qualified and professional who are here to help and guide students in every manner.
  • Simandhar also records all the videos of the classes so students can access them when they want in case, they want to revisit the topic that is taught.
  • The course at Simandhar is inexpensive.

Contact Details

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www.simandhareducation.com


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