How do I study for Diploma in IFRS?

How do I study for Diploma in IFRS?

Study Style: Personally, I followed a strategy of going in a particular order – background of IASB authorities-financial statement components like revenue/PPE/Leases/Government Grants/Borrowing costs/Income Taxes/Financial Instruments-disclosure standards and finally consolidation topics (IFRS 3,10,11,12,IAS 27,28).

How do I start preparing for IFRS?

So let’s start with the first one.

1. Learn the basic structure of IFRS. Familiarize yourself with the basic structure and concept of IFRS.
2. Read the Framework.
3. Get some knowledge about individual standards.
4. 13 Comments.

What is the best way to learn IFRS?

University courses may help accountants learning IFRS. Learning international financial reporting standards (IFRS) might be accomplished by reading articles published on the topic, listening to webcasts or webinars, or attending seminars or workshops on the subject.

Does ACCA provide study material for IFRS diploma?

ACCA IFRS diploma study material download 2021 The Diploma in IFRS is the certification granted by ACCA (Association of Chartered Certified Accountants). To get through the IFRS exam, you will need ACCA IFRS diploma study material.

How do you memorize accounting standards?

Hope you all Remember….EASY WAY TO REMEMBER AS

1. Alphabet A = A for Accounting = AS 1 – Disclosure of Accounting Policies.
2. Alphabet B = B for Ball ( Ball is an item) = AS 2- Valuation of Inventories.
3. Alphabet C = C for Cash = AS 3 – Cash Flow Statement.

What is the difference between IFRS diploma and certificate?

A diploma in IFRS is rather hardcore compared to a certification program. It requires a greater level of dedication and is best for those who are seeking a radical shift in their career or those who are starting their career in accounts and finance from scratch.

How do I register for IFRS with ACCA?

Registration Steps:

1. Step 1: ACCA Registration. Surname or Family Name.
2. Step 2: Mailing Address. Country Name.
3. Step 3: Courses completed. Name of the Examining.
4. Step 4: Examination Preferences. Choose a cent at which to sit your examination.
5. Step 5: Introductory Source.
6. Step 7: Closing Date.
7. Step 8: Fee.
8. Step 9:click on Proceed.

Is ACCA a professional course?

ACCA is a high level professional qualification and is equivalent to completing a full university degree, and it is IFAC compliant based on international accounting and auditing standards. The ACCA course can be pursued either parallely with the student’s graduation (B.Com, BBA, etc.) or it can be embedded within the graduation course itself.

What are the requirements for ACCA?

Eligibility requirement for ACCA is 16 years of age. Student must completed Class 12th with 60\% Marks in English, Mathematics and Accountancy. A student can also start ACCA qualification after Completion of Foundation in Accountancy (FIA).

What is the equivalent degree to an ACCA?

In UK, Advanced Diploma in Accounting and Business, which is awarded upon completion of 9 papers and an Ethics module, is equivalent to a Graduate Degree while an ACCA member is considered holding a Masters degree.

What is the eligibility for ACCA?

The eligibility requirements for ACCA are as follows: Minimum age is 16 years. Student must have completed Class 12th with 60\% Marks in English, Mathematics and Accountancy.