The document provides information relevant to candidates for the Diploma in International Financial Reporting (DipIFR) exam. It discusses the examiner's approach to the DipIFR exam in 3 sentences: The DipIFR exam tests candidates' technical preparation of consolidated financial statements and identification of appropriate financial reporting treatments through a 3-hour paper-based exam. The exam contains 4 compulsory questions that evaluate consolidation skills, adjustments to transactions, explanation of financial reporting issues, and preparation of extracts from financial statements showing appropriate reporting of complex issues. The level of difficulty lies between ACCA Qualification Papers F7 and P2.