ACCA Diploma in International Financial Reporting (DipIFR)

Starting this January !

Suite 4, Level 1, Tower Business Centre, Tower street, Swatar, BKR4013+356 21 314 896 | info@aimacademy.com.mt

Overview

The Diploma in International Financial Reporting (DipIFR) is an internationally

recognized qualification in Financial Accounting using International Financial

Reporting Standards (IFRS/IAS). It is accredited by the ACCA (Association of

Chartered Certified Accountants) and is aimed at accounting and finance

professionals who already have experience in accounting. On passing the final

exam, the participant will be able to use the letters DipIFR after his/her name.

The aim of the qualification is to develop knowledge, understanding and application

of International Financial Reporting Standards and the concepts and principles

which underpin them.

Who should attend?

The Diploma is ideal for accountants, finance or tax professionals, who need a

comprehensive refresher of IFRS/IAS or who need to understand and apply the

IFRS/IAS.

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

F1-F4)

Two years‘ relevant accounting experience and an ACCA

Certificate in International Financial Reporting

Three years' relevant accounting experience

ACCA affiliate status

Am I eligible to apply?

To confirm the relevance of a degree please refer to ACCA’s Exemption Enquiry

database

If applying on the basis of experience, please submit a completed experience

confirmation form

Why study DipIFR?

On completion of the Diploma candidates should be able to:

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

DipIFR Course June 2018

Module 1:

Saturday 13th January 9:00am – 12.30pm – Mr. John Debattista

Saturday 20th January 9:00am – 12.30pm – Mr. Jonathan Dingli

Module 2:

Saturday 27th January 9:00am – 12.30pm – Mr. Kevin Vassallo

Saturday 3rd February 9:00am – 12.30pm – Mr. Kevin Vassallo

Module 3:

Saturday 17th February 9:00am – 12.30pm – Mr. Jonathan Dingli

Saturday 24th February 9:00am – 12.30pm – Mr. Jonathan Dingli

Module 4:

Saturday 10th March 9:00am – 12.30pm – Mr. Kevin Vassallo

Saturday 17th March 9:00am – 12.30pm – Mr. Kevin Vassallo

Module 5:

Saturday 7th April 9:00am – 12.30pm – Mr. John Debattista

Saturday 14th April 9:00am – 12.30pm – Mr. John Debattista

Module 6: [Revision]

Saturday 21st April 9:00am – 12.30pm – Mr. Kevin Vassallo

Saturday 28th April 9:00am – 12.30pm – Mr. Kevin Vassallo

Module 7: [Revision]

Saturday 5th May 9:00am – 12.30pm – Mr. Kevin Vassallo

Saturday 12th May 9:00am – 12.30pm – Mr. Kevin Vassallo

Module 1:

Topic areas:

1.1 Non-current assets under IFRS

IAS 16 Property, Plant and Equipment

IAS 40 Investment Property

IAS 38 Intangible Assets

IAS 36 Impairment of Assets

IAS 23 Borrowing Costs

IAS 20 Government Grants

1.2 Statement of Cash Flows under IFRS

IAS 7 Statement of Cash Flows (not examinable)

1.3 Substance over Form under IFRS

IAS 18 Revenue

IAS 17 Leases

Module 2:

Topic areas:

2.1 Income Taxes

IAS 12 Income Taxes

2.2 Earnings per Share

IAS 33 Earnings per Share

2.3 Share-based payment

IFRS 2 Share-based Payment

Module 3:

Topic areas:

3.1 Introduction to Groups

3.2 Preparation of the Consolidated Statement of Financial Position

3.3 Preparation of the Consolidated Statement of Comprehensive Income

3.4 Accounting for Associates and Joint Ventures

Standards to be covered:

IFRS 3 Business Combinations

IFRS 10 Consolidated and Separate Financial Statements

IAS 28 Investments in Associates

IFRS 11 Joint Arrangements

IAS 21 The Effects of Changes in Foreign Exchange Rates

Module 4:

Topic areas:

4.1 Financial instruments under IFRS

IAS 32 Financial Instruments: Presentation

IAS 39 Financial Instruments: Recognition and Measurement

IFRS 9 Financial Instruments

Module 5:

Topic areas:

5.1 The Conceptual Framework

5.2 Presentation of Published Financial Statements

IAS 1 Presentation of Financial Statements

5.3 Reporting Financial Performance

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

IFRS 8 Operating Segments

5.4 Inventories and construction contracts

IAS 2 Inventories

IAS 11 Construction Contracts

5.5 IAS 21 Foreign Transactions and Entities

5.6 IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Module 6 & 7:

Topic areas:

Revision course in preparation for the DipIFR examination

Will refresh participants’ knowledge of the subjects covered in the course

and go through a number of past exam questions to develop one’s

examination skills.

Please Note!

Some topics from the course, which are examinable, may not be covered during the

course. These remaining topics, which are unlikely to be examined, must be covered

as home study.

Examination

Exam Dates: 8th June 2018

The DipIFR will be assessed by a single three-hour closed book written exam,

which is held twice a year in June and December. The pass mark is 50%.

Exam Approach:

The examination is a three hour paper divided into two sections. It contains a mix

of computational and discursive elements. Some questions adopt a

scenario/case study approach. Section A includes a mainly computational

question and Section B contains a mix of computational and discursive questions.

Marks:

Section A: One group accounting question 40

Section B: Three compulsory questions (20 marks each) 60

_____

100

All questions are compulsory to ensure each candidate is examined on all the

main syllabus areas. The paper will consist of:

One compulsory 40 mark question covering group accounting and individual

company adjustments, and

Three compulsory 20 mark questions covering a variety of accounting standards.

ACCA & Exam Registration

Register online through the following link, taking into consideration the 10

days until applications are fully processed

http://www.accaglobal.com/lk/en/qualifications/glance/dipifr/apply-

now.html

Upload the following supporting documentation during registration process

Passport size photo

Copy of the educational certificates and/or letter from employer

confirming your work experience

Pay the applicable fee (please refer to the ACCA Registration Fee section

on page 7)

Once your ACCA registration is complete, inform AIM Academy that your

online registration has been completed, quoting your registration number.

BPP Study Materials

BPP Learning Media is the market leading publisher of study materials for

professional exams. BPP Learning Media is an ACCA approved publisher

worldwide.

Study Text

The DipIFR study book contains all the knowledge you need for the exam in

practical and user friendly format.

Practice & Revision Kit

The DipIFR practice & revision kit contains a wealth of practice questions

helping you to apply your knowledge and fully prepare for the exam.

Pass Cards

The DipIFR Passcards will make the best use of your revision time. Their

innovative card format helps you revise at a glance.

Fees

Participation Fees

Fee for each individual modules: €150 (including vat but excluding books)

Textbooks:

BPP Study Text which has extensive

coverage of all the topics covered in

the Diploma €60

BPP Practice & Revision Kit which is

full of exam standard questions to

practice €35

BPP Pass Cards aid revision by giving

clearer visual emphasis to key points

€20

ACCA Registration Fees

The fee is £185. This allows one exam attempt.

THOSE ALREADY REGISTERED

A fee of £185 is applicable until 30 April 2018.

A fee of £299 is applicable 31 April - 7 May 2018.

Registered DipIFR students re-sitting the examination in June 2018 should enter

through the myACCA account created at the time of registration. When you log in

to your myACCA and choose ‘exam entry’, you will then select the country you want

to sit your exam in. This will provide you with a list of available exam centres within

that country, for that particular exam session.

These fees are subject to change without written notice.

John Debattista

John Debattista is a Certified Public Accountant and Registered

Auditor. John is one of the founding partners at Zampa Debattista

and heads the Assurance function of the office. He is the IFRS leader

and acts as an advisor on highly technical IFRS issues.

Prior to Zampa Debattista, John occupied the post of audit

manager in a medium sized audit firm where he developed a

specialization in the financial services industry and remote gaming

sector.

John lectures at the final stages of the ACCA, namely the

Corporate Reporting paper. John also lectures the ACA course for

the ICAEW, Institute Chartered of Accountants for England and

Wales, namely the Corporate Reporting paper. John is also a

speaker in various audit and accounting seminars delivered by a

number of institutes in Malta.

Jonathan Dingli

Jonathan is an Associate Director within KPMG’s Accounting

Advisory Services Unit. He has been involved in providing technical

advice on various IFRS issues. He also assisted clients in the

preparation of consolidated financial statements and in delivering

training sessions on specific IFRS matters. Prior to returning to KPMG,

Jonathan led the Malta Institute of Accountants’ Technical

Department for seven years. He lectured for the ACCA Advanced

IFRS Paper (P2) for BPP in Malta and internationally between 2008

and 2012, and is today an Assistant Lecturer with the Department

of Accountancy in the Faculty of Economics, Management and

Accountancy at the University of Malta.

Kevin Vassallo

Kevin is a Certified Public Accountant and holds a Masters’

Degree in Finance from the University of Leicester. He has

been involved in IFRS training for the past 16 years having

lectured in both ACA and ACCA accounting and finance

papers.

He also delivers CPE seminars on behalf of the MIA and a

number of other providers. Kevin is a senior executive at the

Central Bank of Malta where he has been employed for the

past 27 years in financial markets, risk management and

accounting.

For more Information

info@aimacademy.com.mt

AIM Professional Academy Limited, Suite 4, Level 1, Tower Business Centre, Tower

Street, Swatar, BKR 4013

Tel: (+356) 2131 4896,

E-mail: info@aimacademy.com.mt

Facebook: AIM Professional Academy

Website: www.aimacademy.com.mt

Book your Course

Please fill in the following application form and return it by post along with payment

(where applicable) at the address specified in the form itself. Please view the Terms

and Conditions

Name & Surname:

ID Number: Date Of Birth:

Qualification/Degree:

Address:

Postcode: Telephone Number:

E-mail Address:

Examination Date:

If you wish AIM to issue the payment receipt on the employer’s company address,

please include details and VAT number

Module Date Fee Tick where applicable Module 1 Saturday 13th & 20th January ‘18 (9:00-12:30pm) €150

Module 2 Saturday 27th January & 3rd February ‘18 (9:00-12.30pm) €150

Module 3 Saturday 17th & 24th February ‘18 (9.00–12.30pm) €150

Module 4 Saturday 10th March & 17th March ‘18 (9.00 – 12:30pm) €150

Module 5 Saturday 7th & 14th April ’18 (9.00 – 12.30pm) €150 Module 6 Saturday 21st & 28th April ‘18 (09.00 – 12.30pm) €150 Module 7 Saturday 5th & 12th May ’18 (9.00-12:30pm) €150 Study Material

Study Text €60

Practice and Revision Kit €35

Passcards €20

Total

€

ACCA Diploma in International Financial Reporting (DipIFR)

Application Form- June 2018 Examinations

Good luck!