IFRS Course & Syllabus Details

The adoption of International Financial Reporting Standards (IFRS) in accounting remains a highly debated topic across the globe. As a B. Com student, CA hopeful, or any finance expert, mastery on the use of IFRS will greatly benefit your career particularly with international firms and global openings. This blog focuses on explaining the course details, career opportunities, and the syllabus structure. 

What Is an IFRS Course?

IFRS course is a professional certification course aimed at providing the individuals with a definitive certification and skill of international accounting standards developed by International Accounting Standards Board (IASB). This is useful for people aspiring to work in those countries which have embraced IFRS or its converged versions like Ind AS in India.

The most recognized qualification in IFRS is the Diploma in IFRS (DipIFR) offered by ACCA (UK). Other notable certifications are also offered by ICAI, NSE Academy, EY and KPMG.

Who Should Take The IFRS Course?

• Chartered Accountants (CA), Company Secretaries (CS), Cost Accountants (CMA)
•  Graduates B.Com/BBA/M.Com/MBA in Finance
• Aspirants of ACCA, CPA, or CFA
• Finance professionals of Multinational Corporations (MNCs) or other firms applying Ind AS
• Auditors, analysts, and consultants

Eligibility Criteria For IFRS Course

For Diploma in IFRS by ACCA (UK):

• Holding a relevant degree in commerce (B.Com/BBA) plus 2 years of accounting/finance work experience
• A professional qualification like CA/CMA/CS
• 3 years of full-time work experience in accounting/finance without a degree 

 IFRS Course Syllabus Overview

The IFRS course has a theoretical and practical component, focusing on the application of accounting standards in the international business context.

The overview of for IFRS Course syllabus is tabulated below:

 

S. No	Topics Covered	Description
1	International Sources of Authority	Role of IASB, IFRS Foundation, and the Conceptual Framework
2	Presentation of Financial Statements (IAS 1)	Structure and format of statements
3	IAS & IFRS Standards	Application of 30+ individual IFRSs and IASs like IFRS 15, 16, 9, 13, etc.
4	Consolidation of Financial Statements	Group accounting, subsidiaries, associates, joint ventures
5	Disclosure Requirements	IFRS-compliant disclosures in financial reports
6	Ethical and Professional Standards	Ethical accounting practices under IFRS

 

Exam Pattern (DipIFR - ACCA)

• Exam Duration: 3 hours and 15 minutes 

• Format: One written paper with structured and scenario-based questions 
• Passing Marks: 50%
• Exam Frequency: Held twice a year - June and December 
• Grading: Based on practical understanding and application of IFRS standards 

Explore More 

• How to Become IFRS after 12th?
• Benefits of a Diploma in IFRS 
• Career Options and Salary after Diploma in IFRS
• Diploma in IFRS Course
• Advantages and Disadvantages of IFRS

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Frequently Asked Questions (FAQs)

Can I do an IFRS course after 12th?

You may begin preparing after 12th, but most certification bodies require a degree or work experience in accounting for eligibility.

Is IFRS applicable in India?

 Yes. India has adopted Ind AS which is largely converged with IFRS, especially for listed companies and large unlisted firms.

Which IFRS course is best?

The Diploma in IFRS by ACCA (UK) is most widely accepted and recognized in all industries.