Earn a specialist qualification in
International Financial Reporting Standards (IFRS)
ACCA DIPLOMA IN IFRS
About International Financial Reporting Standards (IFRS)
IFRS (International Financial Reporting Standards) is the collection of financial reporting standards developed by the International Accounting Standards Board (IASB), an independent, international standard setting organisation, of which the Nigerian Accounting Standards Board (NASB) is a member. The aim of IFRS is to provide a single set of high quality, global accounting standards that require transparent and comparable information in general purpose financial statements.
IFRS has become the ‘rave of the moment’ as over 100 countries have already adopted or planning to adopt/converge from their GAAP (Generally Accepted Accounting Principles) to IFRS. While the European Union adopted it in 2005 the United States is working at convergence any time soon. The Nigerian Accounting Standards Board (NASB) together with Securities and Exchange Commission (SEC) have already directed that all Nigerian Stock Exchange quoted companies and those in regulated sectors adopt the IFRS by January 2012.
A number of quoted companies in Nigeria have already announced their adoption of the global standards while most IFRS in one way or the other in relation to items that are not covered by local standards (SAS). The Association of Certified Chartered Accountants (ACCA) has introduced the Diploma in IFRS for Accountants who qualified under local accounting standards (SAS) and want to work in any of these companies or work internationally; ACCA is offering a certified IFRS qualification called the Diploma in International Financial Reporting (DipIFR).
What the accounting standard setting bodies and regulators say about IFRS:
“…it is crucial that we ensure that all firms adopt the International Financial Reporting
Standards” (IFRS). (Ms Arunma Oteh, DG, SEC)
“… the adoption of the globally-accepted financial reporting model in the country would be phased, starting with companies quoted in the stock exchange in 2012” (Mr. Michael Popoola, Chairman NASB)
The Diploma in International Financial Reporting (DipIFR) is designed to develop your knowledge of IFRS by providing an understanding of the concepts and principles which underpin them, and their application in the international marketplace.
On completion of the Diploma candidates should be able to:
- understand and explain the structure of the international professional and conceptual framework of accounting
- apply relevant financial reporting standards to key elements of financial reports
- Identify and apply disclosure requirements for companies relating to the presentation of financial reports and notes
- prepare group financial statements including subsidiaries, associates and joint ventures.
This Diploma is designed for accountancy professionals. Those that are eligible include:
X Chartered Accountants (ACA) or
X Accounting Graduates with two years’ work experience or
X Non-Accounting Graduates with Three years’ relevant work experience or
X ACCA affiliates or
X ACCA Certificate in International Financial Reporting plus three years’ work experience
* If you don’t meet the above eligibility criteria, you can opt in for CertIFR Program from ACCA.
For information on this please contact us.
Pace Financial Training (PFT) offers off-site and on-site tailor-made training programmes to assist professionals obtain the ACCA IFRS certification.
Who can attend? The programme is specifically designed for
- CFOs, Finance Directors and Strategic Planners.
- Accountants, Analysts, Auditors and Tax Directors.
- Investment Bankers, Corporate Bankers.
- Private Equity & Merger & Acquisition specialists.
- Auditors, Consultants.
- Preparers of financial statements
- Professionals from Nigerian companies with a global presence
A structured 12 week training course to assist you obtain the ACCA Diploma in IFRS
The classes would be conducted once a week (every Saturday) as per schedule given below.
Next Stream starts August 28th 2011
Classes Every Saturday
Exams and Duration
The Program will take about 3 Months to complete and ACCA examination will be held on December 9 2011.
"Please note: You can attend the training without necessarily sitting for the examination"
What you get
- 60 Hrs. Live Face-to-Face Training
- 10 Hours Free Revision
- BPP Study Material
- Weekly Assessments
- Group Work and Discussions
- Real-life problems
- Two Mock Exams
In-house tailored DipIFR training will enable you and your colleagues to make significant savings as we charge per day and not per participant so the cost remains the same regardless of how many people attend. This becomes cost effective if an organization needs to sponsor more than 5 participants. A group of participants can also request for a customized training proposal. Individual sessions or revision / exam practice days can be bought separately.
Timing and location is arranged to suit organisation’s participants. Kindly contact us for a quote.
1. Ayodele Samuel Olatiregun, B.Sc (Hons). ACA, ACCA, DipIFR, MCP, MSI
Ayodele is an Associate Member of the Association of Chartered Certified Accountants (ACCA), an associate member of the Institute of Chartered Accountants of Nigeria (ICAN) and also a member of the Securities and Investment Institute, UK. He holds the ACCA Diploma in International Financial Reporting and he is also a graduate member of the Chartered Institute of Stockbrokers (CIS) of Nigeria and Level II candidate of the Chartered Financial Analyst®(CFA) Institute’s CFA program.
He is a multiple ACCA Nigeria prize winner including being the best qualifying ACCA student in Nigeria for the June/December 2007 examination sessions. He earned his ACCA Diploma in IFRS in 2007 and has delivered several presentations on IFRS. He has over ten (10) years of professional experience covering IT, Audit and Investment Advisory. He has also lectured several ACCA/ICAN courses in the past six (6) years. Ayodele currently works as Head of Finance with a Pension Fund Administrator.
2. Ayodeji Oyeniyi ACA, ACI
Ayodeji is a dynamic young professional, a first-class graduate of accounting, an affiliate of the Association of Chartered Certified Accountants (ACCA) and an associate member of the Institute of Chartered Accountants of Nigeria (ICAN). He holds the ACI certification (with distinction) issued by the Financial Markets Association, Paris, France and also a Level III candidate of the Chartered Financial Analyst®(CFA) Institute’s CFA program.
He has over four (4) years of professional banking experience with special focus on treasury and financial management. He was also an ICAN-ATS prizewinner as the best qualifying student and has been a freelance lecturer for the Manchester Business School MBA program for the past two (2) years.
3. Abiodun David Ojo, B.Sc, ACA, DipIFR
Abiodun is an associate member of the Institute of Chartered Accountants of Nigeria and also holds the ACCA Diploma in International Financial Reporting. He has over three (3) years of professional experience in accounting and finance and currently works for an HMO.
For more information, contact:
Pace Financial Training Limited
28/29 Adekunle Fajuyi Way
(St. Gloria College compound)