Diploma in IFRS


Diploma IFRS is designed to provide a solid grounding in the background, principles and application of the IFRS framework, an understanding of how IFRS works; and readiness for the transition to IFRS in countries yet to fully adopt the new frameworks.

Diploma In IFRS by the Institute of Financial Accountants (IFA) UK and delivered by LEXICON School of Business & Finance is one of the most respectable and appreciated qualification in IFRS across the globe. 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 Mostly companies especially with group entities are mandatorily required to apply IFRSs in preparation of financial statements. Considering the need and scope, it is now critical for all accounting and finance professionals to understand the accounting standards and the related practical application issues.

Trainer profile

Mian Ahmad Farhan, FCA

He is a Chartered Accountant and an MBA holding 27 years of professional exposure with proficiency in multiple aspects encompassing Audit, Advisory, Educational Leadership, Teaching, and Corporate Training.

He is partner with renowned CA firms in Pakistan and UAE, he has served prominent Universities and specialist Professional Institutes and earned high appreciations for his teaching skills. He has conducted hundreds of capacity building training activities. He is author of a book on Accountancy for CA students and also contributing quality online learning material through a YouTube channel.

He has served ICAP UAE Chapter for three consecutive terms as Vice President and elected member of the Management Committee.

He, being member of founding team, has established a national level Institute of Taxation in Pakistan.

Download IFRSs Brochure

On completion of the training, candidates should be able to:

  • Understand and explain the structure of the framework of IFRS
  • 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 including subsidiaries, associates and joint ventures
  • Live interactive Training (80 hours)
  • Comprehensive study material
  • Comprehensive question bank provided by IFA UK
  • Trainer presentations

Training Fee: 40000 PKR plus tax, IFA Registration, Assessment and Certification Fee: 125 GBP


10% discount on training fee for member of IFA, IPA, ICAP, ICMPA, PIPFA, ACCA, CIMA or group of 3 participants

Weekdays & Weekend batches starting from 22 January 2021

Duration: 2.5 months

The purpose of the assessment is to check that the student’s learning has been completed and they have a comprehensive understanding and working knowledge of the International Financial Reporting Standards. There are following two methods of assessment:

Open Physical Exam

The final assessment can be done in classroom conditions with access to all necessary support material (open book). LEXION being accredited training provider will make arrangements for physical open book examination in Pakistan where we have appropriate number of students

The assessment is 3 hours and 15 minutes.

Completion of exam at student’s own time

Student can complete exam at his own time from the ease of his/her home or office with all with access to all relevant support materials (open book)

In this assessment method the student will be given a sufficient time to complete the assessment with deadline and student will be required to submit completed exam on or before submission date.

IFA Diploma in IFRS Examinations

Diploma in IFRS examinations will held at the end of every batch, If the student has opted for physical exam then dates, timing and exam centre information will be communication accordingly by LEXICON.

For completion of exam at student’s own time the deadline for submission of exams scripts will be provide by LEXICON and at this deadline the student will be bond to submit the completed exam.

Exam can be Handwritten or Typed

Chartered Accountants, Company Secretaries, management accountants and other finance professionals

►    Accountants, Finance Managers, Chief Accountants

►    Private Equity and M&A professionals

►    MBA finance working in accounting domain

►    Semi Qualified CAs, CSs, Management Accountants working in accounting domain

Certificate will be issued by Institute of Financial Accountants (IFA) UK after achieving “PASS” in assessment and payment of fee.

The program will be delivered live in virtual instructor-led training mode (VILT)