ACCA Diploma IFRS syllabus Dec 2024 & Jun 25 exams
ACCA IFRS Diploma syllabus:
The study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination session. It offers detailed guidance on the depth and level at which the examinable documents will be examined.
Objectives of the DIPIFR Exam
Upon finishing this syllabus, candidates will:
- Grasp and articulate the framework of the international professional and conceptual aspects of financial reporting.
- Implement pertinent international financial reporting standards (IFRS Accounting Standards) on crucial components of financial statements.
- Recognize and implement disclosure obligations for entities concerning the display of financial statements and notes.
- Develop proficiency in crafting group financial statements, encompassing subsidiaries, associates, and joint arrangements (excluding group cash flow statements).
DIPIFR Exam paper format
All questions will attract 25 marks.
- Question one will involve the preparation of one or more of the consolidated financial statements.
- Question two will often be related to a scenario in which questions arise regarding the appropriate accounting treatment and/or disclosure of a range of issues
- Question three will usually focus more specifically on the requirements of one specific IFRS.
- Question four will usually consist of a scenario in which the candidate is given a series of queries from a superior relating to the financial statements.
CBE Student guide for ACCA Exams -read here
Topics covered
What are the Diploma in IFRS standards
- International Sources of Authority
- The International Accounting Standards Board (IASB) and Regulatory Framework
- Fundamental Ethical and Professional Principles
- Elements of Financial Statements
- Revenue Recognition
- Property, Plant and Equipment (IAS 16)
- Impairment of Assets (IAS 36)
- Leases
- Intangible Assets and Goodwill
- Inventories
- Financial Instruments
- Provisions, Contingent Assets, and Liabilities
- Employee Benefits
- Tax in Financial Statements
- Effects of Changes in Foreign Currency Exchange Rates
- Agriculture
- Share-based Payment
- Exploration and Evaluation Expenditures
- Fair Value Measurement
- Presentation of Financial Statements and Additional Disclosures
- Presentation of the Statement of Financial Position, Profit or Loss, and Other Comprehensive Income, and the Statement of Changes in Equity
- Earnings Per Share
- Events After the Reporting Period
- Accounting Policies, Changes in Accounting Estimates, and Errors
- Related Party Disclosures
- Operating Segments
- Reporting Requirements of Small and Medium-sized Entities (SMEs)
- Sustainability disclosures
- Preparation of External Financial Reports for Combined Entities, Associates, and Joint Arrangements
- Preparation of Group Consolidated External Reports
- Business Combinations – Intra-group Adjustments
- Business Combinations – Fair Value Adjustments
- Business Combinations – Associates and Joint Arrangements
- Complete Disposal of Shares in Subsidiaries
New addition to the DIPIFR Syllabus from Dec 24 exams
Sustainability Disclosure Inclusion:
- Newly added syllabus area focused on Sustainability Disclosure.
- Candidates to acquire high-level knowledge:
- Understanding the scope, objectives, and core content of IFRS Sustainability Disclosure Standards.
- In-depth discussion of disclosures concerning climate-related risks and opportunities.
- Reflects the introduction of IFRS Sustainability Disclosure Standards by ISSB.
- Emphasis on gaining comprehensive insights into the scope, purpose, and core content, aligning with ISSB's focus on climate-related aspects.
Excluded Topics
The following topics are excluded from the syllabus:
- Complex Group Structures, Including Sub-subsidiaries or Mixed Groups and Foreign Subsidiaries
- Step Acquisitions, Partial Disposal of Subsidiaries, and Group Re-constructions
- Financial Statements of Banks and Similar Financial Institutions
- Preparation of Statements of Cash Flow (Single Company and Consolidated)
- Preparation of Interim Financial Statements
- Accounting for Insurance Entities
- International Financial Reporting Exposure Drafts and Discussion Papers
- The International Public Sector Perspective
- Multi-employer Benefit Schemes
- Information Reflecting the Effects of Changing Prices and Financial Reporting in Hyperinflationary Economies
