related documents
The syllabus
All listed countries in the European Union are required to prepare consolidated company accounts in compliance with IFRS. IFRS also affects associates and subsidiaries of EU-listed companies, and with many countries around the world moving towards applying IFRS, the impact of financial reporting is significant.
ACCA has long-believed in the importance of international accounting and financial reporting standards in global business, and was the first organisation to offer globally-available online and open-learning qualifications in international financial reporting and auditing. 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.
Syllabus aim
To develop knowledge, understanding and application of International Financial Reporting Standards and the concepts and principles which underpin them.
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.