Introduction to Diploma IFRS
Diploma In IFRS 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.
Introduction to IFA Diploma IFRS
- Understand and explain the structure of the IASB framework
- 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
WHY TO ATTEND
International UK Certification Online Interactive classes Practical Insights into IFRS Real World Examples
Why to Attend
International UK Certification Online Interactive classes Practical Insights into IFRS Real World Examples
WHO SHOULD ATTEND
CA, ACCA, ACMA, CPA CFO, FPA, Manager Accounts, Manager Finance, Financial Reporting Manager
Who Should Attend
CA, ACCA, ACMA, CPA CFO, FPA, Manager Accounts, Manager Finance, Financial Reporting Manager
DELIVERABLES
Recording of each session Trainer presentations Comprehensive study Material, Questions bank and e-Certificate to claim CPDs
What you will get
Recording of each session Trainer presentations Comprehensive study Material & Questions bank
Course Content & IFRS Coverage
- IASB Framework & IAS 1
- IAS 7 Statement of Cash Flows
- IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 10 Events after the Reporting Period
- IAS 12 Income Taxes
- IAS 16 Property, Plant and Equipment
- IAS 19 Employee Benefits
- IAS 21 The Effects of Changes in Foreign Exchange Rates
- IAS 24 Related Party Disclosures
- IAS 32 Financial Instruments: Presentation
- IAS 33 Earnings Per Share
- IAS 36 Impairment of Assets
- IAS 37 Provisions, Contingent Liabilities and Contingent Assets
- IAS 38 Intangible Assets
- IAS 40 Investment Property
- IFRS 2 Share-based Payment
- IFRS 3 Business Combinations
- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
- IFRS 7 Financial Instruments: Disclosures
- IFRS 8 Operating Segments
- IFRS 9 Financial Instruments
- IFRS 10 Consolidated Financial Statements
- IFRS 12 Disclosure of Interests in Other Entities
- IFRS 13 Fair Value Measurement
- IFRS 15 Revenue from contracts with customers
- IFRS 16 Leases
Exam Options
After completing LEXICON Diploma in IFRS training participants will have two options to attempt exams either from Institute of Financial Accountants (IFA) UK or ACCA.
Exam by Institute of Financial Accountants (IFA) UK Conducted by LEXICON
There are following two methods of assessment:
- Physical Exam at a center in Classroom conditions
- Online-Completion of exam at student’s own time
Exam Writing Instructions
Final assessment can be:
- Handwritten, or
- Typed
IFA Diploma in IFRS Examinations-Online
Diploma in IFRS examinations by IFA will held at the end of every batch. Student can complete exam at his own time from the ease of his/her home or office with access to all relevant support materials (open book)
- The deadline for submission of exams scripts will be provided by LEXICON
- Encrypted exam paper will be made accessible to registered participants
- At the stipulated time participants will submit the completed answer scripts
- Any answer script received after the due time will not be entertained for marking
- Passing Marks are 50%
Exam by ACCA
Eligibility for registering with ACCA for Diploma in IFRS examination
The LEXICON’s IFRS Course can be attended by anyone with accounting background. However, to register for the ACCA’s Diploma In IFRS program, the eligibility criteria are as follow:
If you are a professional accountant or auditor who works in practice or business, or a member of an IFAC membership body, then you are eligible to take the DipIFR qualification.
If you do not meet the conditions above, 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 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
ACCA’s Diploma In IFRS Examination
Diploma In IFRS examinations are held twice every year in June & December and its examination is conducted by ACCA. LEXICON or its personnel have no role in the conduct or outcome of the Diploma In IFRS examinations.
- Examination centers are in most of the major cities of Pakistan and overseas
For additional information on ACCA or Diploma In IFRS please visit www.accaglobal.com
Meet our international Trainer
Mian Ahmad Farhan, FCA
Senior TrainerHe 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.
A Fellow member Chartered Accountant holding 28 years of sound professional exposure with proficiency in multiple aspects of business governance, educational leadership, financial advisory, and corporate training.
Possessing strong interpersonal and communication skills I am profoundly talented to managing and motivating the participants to indulge in group activities and to make the things happen and achieve set objectives.
- International IFRS Trainer
- 3 Decades of dedicated experience
- Partner of CA firms in UAE and Pakistan
- Successfully completed 4 batches
- World wide experience of conducting training
Training activities include Middle East, Nigeria, Ghana, Egypt, Jordan, Lebanon, Philippine, Afghanistan, Sri Lanka, India, and Pakistan
1 New Batch Details
- Starting From: 10th batch is starting from May 06 , 2023 (InshaAllah)
- Program Duration: 10 Weeks | 20 Sessions
- Class Days: Saturday & Sunday Classes
- Class Timing: From 6:00pm to 8:00pm (GMT+5, Pakistan Time)
- Medium of Instruction: English, as this is an international program
2 Program Deliverables
- Comprehensive Study Material
- Case studies
- Trainer Presentations
- Recording of each session
- LEXICON E-Certificate
3 Important Notes
• Training Fee includes LEXICON e-Certificate
• IFA UK Exam & Certificate fee is separate than training fee
• Delivery of hard copy certificate is free across UK & Pakistan whereas for other countries actual delivery charges will apply
Fee Schedule
Training Fee: PKR 60,000/- | IFA UK Exam & Certificate Fee: GBP125 | ACCA Exam Fee can be seen on ACCA website
Note: Training fee includes soft copy of LEXICON certificate.