Why sit the ACCA Dip IFR Exam ?
Even though I am already a qualified accountant, and I already deliver training in IFRS, in December 2014, I decided to sit the ACCA Dip IFR exam. So, why would anyone choose to sit an exam for a topic that they were already qualified in? Here are some answers.
What is the Dip IFR?
The Diploma in International Financial Reporting Standards (IFRS) is an international qualification recognised by accountants around the world including the USA, Europe, Middle East, China, India and Australia. As I deliver training in some of these regions, it makes sense for me to acquire a current certification that validates my knowledge. The ACCA Dip IFR is a mark of someone who has invested in their career, who is up to date with the latest developments and is actively sought by many industry leading organisations.
Why would a qualified accountant need the ACCA Dip IFR?
Some accounting standards may have changed since you sat your final accounting exams! The ACCA Dip IFR is the ideal IFRS qualification for experienced staff who have qualified many years ago or who already hold a non-IFRS compliant accounting qualification. Possession of the ACCA Dip IFR is positive proof of IFRS competence.
Tell me about the exam?
For accountants who thought they had left exam days behind, it can be traumatic to put yourself in the exam seat one more time. The ACCA Dip IFR is assessed via a three-hour, closed book, written exam, which is held in June and December each year, at ACCA approved exam centres. To pass you must score 50%.
So, who can study for the Dip IFR?
Any professional accountant or auditor, who works in practice or in industry, and who is qualified in accordance with national accounting standards, is eligible to take the qualification.
Additionally, individuals who can verify that they have three years’ relevant accounting experience although not yet qualified, may also be eligible if they submit an employer’s letter to ACCA..
How long does the course take?
Candidates choose the ACCA Dip IFR because it flexible to your timetable, enabling you to fit your studies around your work and other commitments. Exams are twice yearly, at six monthly intervals, so your study can be completed in the three to six months prior to sitting the exam.
How and where can I study?
For busy professionals who do not have the time to attend a classroom course, The MicroLearning Institute offers a comprehensive, cost effective, online study resource, featuring fully worked solutions to past exam questions, presented by our expert lecturers. In fact the materials available on the MicroLearning Institute site are the materials I used myself to successfully sit the exam !