If you are a finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you.

The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

On completion of the Diploma candidates should be able to:

• Understand, explain and apply the IASB's Conceptual Framework for Financial Reporting
• Apply relevant financial reporting standards to key elements of financial reports
• Identify and apply disclosure requirements for companies in financial reports and notes
• Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.

If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification.

If you are working in practice, but not yet qualified, then you may still be eligible. You will need to prove that you have ANY ONE of the following:

• Two years' relevant accounting experience and a relevant degree like Bachelors in accounting (attracting at least ACCA qualification exemptions F1-F4)
• Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
• Three years' relevant accounting experience
• ACCA affiliate status

• First formal qualification in the sultanate which comprehensively covers all IFRSs.
• Diploma will be issued by ACCA, a well-recognised and respected name in the accounting profession in more than 170 countries.
• The course will be delivered by an ACCA member which will involve extensive syllabus coverage, practice sessions, tests and mock exams.

The assessment consists of three hours and fifteen minutes (15 minutes will be reading time) examination. The passing marks are 50%

The course will be delivered through face to face interactive sessions whereby classes will be conducted for 6 hours every week (evening or weekend classes for working candidates)

On successful completion of the examination Diploma in International Financial Reporting will be awarded by ACCA.

January and July (Examination can be taken in June and December)

Sample examination questions can be accessed at this link