DIPLOMA IN INTERNATIONAL FINANCIAL REPORTING

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1 Exclusive Official Publishing Partner of ACCA for DipIFR Programme DIPLOMA IN INTERNATIONAL FINANCIAL REPORTING Get Prepared From Global Experts PIRON Education has partnered with Accounting Tuition Centre International (ATC International) to bring quality training for DipIFR programme offered by ACCA to individuals and corporate in South Asia. About PIRON Education PIRON Education, a division of PIRON Group, is a training and consultancy firm specializing in the design, development and delivery of training solutions to individuals, companies and accounting firms worldwide. We have extensive knowledge of International Financial and Reporting Standards (IFRS) and our courses are thorough, designed for your individual needs and highly acclaimed. With offices in both India and United States, we offer various technical training courses each year. The company has established itself as one of the leading independent training companies to offer courses worldwide. We are also the sole value added reseller licensee of Bisk CPA Review and Universal Accounting programmes in SAARC countries. About ATC International Accounting Tuition Centre International (ATC International) is a finance and accountancy training company operating in Central and Eastern Europe since Since then, ATC International has helped many thousands of individuals to achieve their career goals, and hundreds of organizations to improve the value of their human capital. ATC International has 6 offices in the region, a central office in London. ATC International has been working in more than 20 countries since ATC International has been providing specialist ACCA examination training to all of the Global 4 audit firms in Central and Eastern Europe, Russia and central Asia since ATC International is ACCA's exclusive publishing partner in the production and distribution of DipIFR study material. 1 PIRON Education Pvt. Ltd. Tel:

2 Modern accountants are aware that the focus is shifting from national to international standards. The Diploma in International Financial Reporting (DipIFR) is designed to develop your knowledge of IFRS by providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace. About ACCA ACCA is the largest and fastest-growing international accounting body, with over 345,000 students and members in 170 countries. ACCA's headquarters are in London and it has an extensive network of over 75 offices and other centres around the world. About DipIFR Programme An ideal diploma to assess competency in IFRS is the Diploma in International Financial Reporting (Dip IFR) which is set and accredited by ACCA. More and more countries around the world are moving to international standards of financial reporting. The European Union had required all listed companies to prepare their accounts in accordance with International Financial Reporting Standards by India has stated that all listed companies will have to comply with IFRS by ACCA has recognized this trend and was the first organization to deliver a qualification which is dedicated to training employees in how to apply International Financial Reporting Standards, no matter where you are in the world. The qualification is intended as a conversion course for professional accountants already qualified or experienced in country specific financial reporting standards. The Diploma programme addresses international financial reporting and first time application of international financial reporting standards. The course is designed to be flexible, so that the Diploma can be completed in three to six months. This will vary according to your individual capabilities and the time you have available to study. Who can study for DipIFR DipIFR would be a suitable qualification for commerce graduates with 2 years of relevant experience or Indian Chartered Accountants and those who are employed and are involved in preparing or consolidating the accounts of subsidiaries based abroad. It would also be valuable to others involved in finance as IFRS is becoming the norm across the world. To take the exam you must be: a Chartered Accountant a B.Com with at least two years of relevant experience, or a non B.Com with at least three years of relevant experience country specific professional qualification, possessing a relevant degree (exemptions available) 2 PIRON Education Pvt. Ltd. Tel:

3 Objectives On completion of the Diploma candidates should be able to: Understand and explain the international regulatory framework of financial reporting Discuss and apply specified International Accounting Standards and International Financial Reporting Standards to practical situations Prepare financial statements in accordance with specified International Accounting Standards, International Financial Reporting Standards and International Financial Reporting Interpretations Committee (IFRIC) pronouncements Prepare group financial statements including subsidiaries, associates and joint ventures. Syllabus Content 1. International sources of authority The structure of the International Accounting Standards Board (IASB) The standard setting process The role of the International Financial Reporting Interpretations Committee Progress towards international harmonization The IASB Framework for the Preparation and Presentation of Financial Statements The first time adoption of international financial reporting standards 2. Elements of financial statements Property, plant and equipment Intangible assets Goodwill Current assets including inventories Construction contracts Liabilities Financial instruments Provisions and contingencies Employment and post-employment benefits Current and deferred tax Biological assets and agricultural produce Share-based payment Exploration and evaluation expenditures 3. Presentation and additional disclosures Events after the balance sheet date Earnings per share Related party disclosures Interim financial reporting Effects of changes in foreign exchange rates Operating segments 3 PIRON Education Pvt. Ltd. Tel:

4 4. Preparation of external financial reports for single entities Income statements and discontinued operations Cash flow statements Statement of changes in equity 5. Preparation of external financial reports for combined entities and joint ventures Definitions of subsidiaries, investments in associates and joint ventures Preparation of consolidated balance sheets and income statements Equity accounting Proportionate consolidation and joint ventures. Study Method PIRON Education has created a unique combination of Live Training and the students studying at home on their own. PIRON Education provides 60 hrs of live training to ensure all major areas of diploma syllabus are covered. The programme will be run as a weekend or a evening course. Weekend batches will be run through Saturday /Sunday for 6 or 8 hours each (options available). We provide flexible evening study options for those who cannot be part of the weekend batches. An assigned tutor at the centre would be responsible for receiving and administering the exams under timed exam conditions. DipIFR Study Material PIRON has partnered with ATC International (UK). ATC International has for many years designed and produced its own training material for the ACCA professional examination scheme. ACCA has exclusively approved ATC International to design, produce and distribute the study material for students taking the global English language version of the Diploma in International Financial Reporting. The design, content and presentation are based largely on the experience of the needs of Global 4 audit firm trainees and corporate IFRS clients. The material is always intended for use both in the training room and for reference afterwards. When developing a tailored training solution, we meet with the persons responsible for financial reporting at an organization to ascertain their needs and expectations. The material is not written by an isolated group of commissioned technical authors in the Europe or India but by the very tutors who deliver our courses. The material is always updated and remains current at all times. 4 PIRON Education Pvt. Ltd. Tel:

5 Exam Assessment The Diploma will be assessed by one closed book written examination which lasts three hours. The pass mark is 50%. The initial registration fee of 150 covers the candidate for a period of four examination sessions. The candidate must take their first examination within the first two examination sessions following registration. Re-exam may be attempted within the registration period, at a cost of 100 per attempt. Any candidate, who has not successfully completed the course during the registration period and wishing to continue, would need to re-register for the Diploma paying the appropriate fee. ACCA operates over 300 examination centers at each examination session. There are two examination sessions each year - in June and in December. Some of the countries where PIRON and ATC have imparted training 5 PIRON Education Pvt. Ltd. Tel:

6 Pricing Amount payable directly to ACCA for Dip IFR The costs per student payable to ACCA to complete Dip IFR are as follows: Pound Initial Registration 150 (including VAT) Re-sit fee (if student fails) 100 The above fee must be paid in pounds either by DD or Credit/Debit card (DD to be drawn in favour of The Certified Accountants Educational Trust drawn on a UK bank, payable at UK. The initial registration fee of 150 covers the candidate for a period of four examination sessions. The candidate must take their first examination within the first two examination sessions following registration. Re Sits may be attempted within the registration period, at a cost of 100 per attempt. Any candidate, who has not successfully completed the course during the registration period and wishing to continue, would need to re-register for the Diploma paying the appropriate fee. Amount payable to PIRON Education for Live Training and ATC-Study Material You can opt for either training classes or distance learning from PIRON Education. We have training centres at several locations in India. The training course will comprise of 10 full day lectures to be covered in span of 2 to 3 months. The lectures will be scheduled on weekends. Rupees 60 hrs of Live Training by PIRON Education Rs. 16,000 + Taxes ATC Study Material (Official Publisher of ACCA) Rs. 16,000 Total Amount Payable to PIRON Education Rs. 32,000 + Taxes * 12.36% Service Tax Applicable only on Live Training Fee * Group Discounts and Corporate Discounts Available 6 PIRON Education Pvt. Ltd. Tel:

7 How to Apply? You need to register with ACCA in order to become eligible to site for the DipIFR exam. You can register online or by filling in the application for. You will need to send following documents to ACCA for registering: 1) DD/credit card details of GBP 150 for ACCA DipIFR examination entry 2) Your completed ACCA DipIFR registration form 3) A passport sized photograph 4) Photocopies of all documents needed for ACCA Dip IFR registration (see registration form) Copy of relevant pages of your passport Copy of birth certificate Copies of your accountancy qualification (such as degree certificate and/or ICAI passing certificate) Copies of work experience proof (2 years of relevant work experience proof for non-cas such as experience certificate, joining letter, relieving letter etc.) * Official translations are required where documents are not in English PIRON will provide you support for registration if you enroll with us for training classes. Please note it is your responsibility to ensure you have provided the right documentation to ACCA within time. PIRON cannot be held responsible and will not be able to provide any support to candidates if ACCA require more evidence or do not accept evidence provided or in case of any other discrepancy in registration process. The last date for reaching the registration forms to ACCA is: 15 April (for June exams) and 15 October (December exams). More Information If you have further questions about DipIFR or registration process, please visit the official homepage of ACCA at Some other useful weblinks: Exemption stable.jspx?_afpfm=1 Fee Examinations centres 7 PIRON Education Pvt. Ltd. Tel:

8 Ready to Register? Ensure that you have signed the declaration and enclosed the following: PIRON enrollment form duly completed and signed passport-size photographs Your PIRON registration payment Closing dates The deadline for ACCA in Glasgow receiving your application for is 15 April for June examination session and 15 October for December examination. The deadline for enrolling at PIRON is 30 January for June examination and 30 July for December examination For further details, please contact us at or PIRON Education Pvt. Ltd. (A division of PIRON Group) Delhi NCR New York Jersey City India: 486 Patparganj Industrial Estate, Delhi , INDIA Ph: (Group Number) Ph: (30 lines) Fax: US: 4 Beacon Way, Unit 1711, Jersey City, NJ 07304, USA Toll free: , Tel: , Fax: Websites: info@pironeducation.com 8 PIRON Education Pvt. Ltd. Tel: