About DipIFR

Following the EU Regulation 1606/2002, all listed companies within the European Union are, as of 2005, required to prepare their consolidated accounts based on International Financial Reporting Standards (IFRS) and abandon any National GAAP.

The Diploma in International Financial Reporting (DipIFR), which is awarded by the ACCA, will enable you to cross international boundaries in an increasingly important field of accountancy. DipIFR provides qualified accountants or graduates who have relevant country specific qualifications or work experience with an up to date and relevant conversion course. The Diploma provides practical and detailed knowledge of the key international financial reporting standards and how they are interpreted and applied.


The Diploma is including to the following syllabus areas:
–  International sources of authority
–  Elements of financial statements
–  Presentation and additional disclosures
–  Preparation of external financial reports for combined entities, associates and joint ventures

On completion of this syllabus, candidates should be able to:
–  Understand and explain the structure of the international professional and conceptual framework of accounting
–  Apply relevant financial reporting standards to key elements of financial reports
–  Identify and apply disclosure requirements for companies relating to the presentation of financial reports and notes
–  Prepare group financial statements (excluding group cash flow statements) including subsidiaries, associates, and joint ventures.

Entry Requirement

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 lease ACCA qualification Exemptions for the Applied Knowledge and Corporate and Business Law)

– two years of relevant accounting experience and an ACCA

– three years of relevant accounting experience

– ACCA Affiliate status.

Exam Overview

The Diploma is assessed by one closed book written examination which lasts three hours, in June and December each year. The pass mark for this is 50 per cent. The Examination is organized by the ACCA.

Exam Fees

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

A fee of £185 is applicable
A fee of £299 is applicable (Late Entry)
These fees are subject to change without written notice by the ACCA.