1. Presentation by the Collective College of Accountancy

2. DipIFR – Diploma in International
Financial Reporting
 An ACCA qualification for finance professionals
 Every finance professional needs to develop a working
knowledge of the area, and the DipIFR will make this
happen
 Over 113 countries require or permit the use of
International Financial Reporting Standards (IFRS) for
publicly-traded companies (Nigeria inclusive).
Collective College of Accountancy

3. Course Objectives
The course is designed to develop your
knowledge and understanding of
International Financial Reporting
Standards (IFRS). You will also learn
how to apply them, as well as the
concepts and principles which
underpin them.
Collective College of Accountancy

4. Course Objectives (Contd.)
On completion of the Diploma candidates should be
able to:
 understand and explain the structure of the
framework of international accounting
 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 ventures
Collective College of Accountancy

5. Who is the DipIFR Qualification for?
If you are a professional accountant or
auditor who works in practice or
business, and are qualified according to
national accounting standards (ICAN
or ANAN), then you are eligible to take
this ACCA financial
reporting qualification.
Collective College of Accountancy

6. Who is Qualification for?
If you are working in practice, but not
yet qualified, then you may still be
eligible. You will need to prove that you
have one of the following:
1. three years' relevant accounting experience (by
submitting a letter from your employer)
2. a relevant degree plus two years' work experience
3. an ACCA Certificate in International Financial
Reporting plus two years' work experience.
Collective College of Accountancy

7. How it works?
 The Diploma in International Financial Reporting (DipIFR)
can be studied to fit your studies around your work and
social commitments.
 OUR TRAINING PROGRAMME
A structured 3-week training course to assist you obtain the
ACCA Diploma in IFRS as well as gain in-depth knowledge o
f the preparation of IFRS compliant financial statements.
 Structure
The classes would be conducted every Saturday and Sunday
from 8am – 6pm.
 The diploma can be completed in three to six months depen
ding on your commitment.
Collective College of Accountancy

8. Course Details
Exams
 The Diploma in International Financial Reporting
(DipIFR) is assessed by a single three-hour written
exam. You will need to achieve a 50 per cent mark or
above to PASS the paper. The exam is held twice a year
- in June and December at ACCA's exam centres.
 The next exam date:
 10 December 2013
Collective College of Accountancy

9. Course Details (Contd.)
 There are two sections to the paper which requires a
mix of calculations and written answers. The
assessment marks are split as follows:
Marks
 Section A - One 'groups' question = 40
 Section B - Three scenario questions = 60
(20 marks each) Total = 100
Collective College of Accountancy

10. Course Details (Contd.)
Important dates
 You can apply for the Diploma in International
Financial Reporting (DipIFR) at any time, but if you
want to sit the December 2013 exams, we will need to
receive your registration form and copies of all your
supporting documents on/before August 31, 2013.
 The deadline for receipt of application and
documentation at the ACCA UK office is:
 8 October 2013 for the December 2013 exam session
Collective College of Accountancy

11. Course Fees
EXAM FEES
 The initial registration fee for December 2013 is £195.
 Processing fees - £10
 Bank charges - £10
TRAINING FEES
 N87,500 (Fees cover materials, tea break and lunch)
Payment method:
All cheques are to be made in favour of COLLECTIVE COLLEGE OF
ACCOUNTANCY.
Collective College of Accountancy

12. Course Content
1. Part A – International Sources of Authority
2. Part B – Elements of Financial Statements
3. Part C – Presentation and Additional
Disclosures
4. Part D – Preparation of external financial
reports for combined entities, associates
and joint ventures
Collective College of Accountancy

13. About the Tutor
AYODELE, Samuel O., B.Sc (Hons), ACA, ACCA, ACS, DipIFR,MSI
 Holds the ACCA Diploma in International Financial Reporting
 Holds a First Class Honours Degree in Accounting
 Associate Member of the Association of Chartered Certified Accountants (ACCA),
 Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN)
 Associate Member of the Chartered Institute of Stockbrokers (CIS) of Nigeria.
 Member of the Chartered Institute for Securities & Investment (CISI), U.K.
 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 eleven (11) years of professional experience covering IT, Audit and Investment
Advisory.
 He has also lectured several ACCA/ICAN courses in the past six (6) years.
 Samuel currently works as Head of Contributions with a Pension Fund Administrator
after having worked as Head of Finance in the same organisation.
 Samuel is a Level II candidate of the Chartered Financial Analyst® (CFA) Institute’s CFA
program.
Collective College of Accountancy

14. What next?
Course Registration
Lectures
Exams
Collective College of Accountancy

15. THANK YOU.
Collective College of Accountancy