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).
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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.

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Topics covered

What are the Diploma in IFRS standards

  1. International Sources of Authority
  2. The International Accounting Standards Board (IASB) and Regulatory Framework
  3. Fundamental Ethical and Professional Principles
  4. Elements of Financial Statements
  5. Revenue Recognition
  6. Property, Plant and Equipment (IAS 16)
  7. Impairment of Assets (IAS 36)
  8. Leases
  9. Intangible Assets and Goodwill
  10. Inventories
  11. Financial Instruments
  12. Provisions, Contingent Assets, and Liabilities
  13. Employee Benefits
  14. Tax in Financial Statements
  15. Effects of Changes in Foreign Currency Exchange Rates
  16. Agriculture
  17. Share-based Payment
  18. Exploration and Evaluation Expenditures
  19. Fair Value Measurement
  20. Presentation of Financial Statements and Additional Disclosures
  21. Presentation of the Statement of Financial Position, Profit or Loss, and Other Comprehensive Income, and the Statement of Changes in Equity
  22. Earnings Per Share
  23. Events After the Reporting Period
  24. Accounting Policies, Changes in Accounting Estimates, and Errors
  25. Related Party Disclosures
  26. Operating Segments
  27. Reporting Requirements of Small and Medium-sized Entities (SMEs)
  28. Sustainability disclosures
  29. Preparation of External Financial Reports for Combined Entities, Associates, and Joint Arrangements
  30. Preparation of Group Consolidated External Reports
  31. Business Combinations – Intra-group Adjustments
  32. Business Combinations – Fair Value Adjustments
  33. Business Combinations – Associates and Joint Arrangements
  34. 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
The detailed new syllabus for the DIPIFR exam can be downloaded here, and the same has been updated in the Google classroom

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