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Diploma in International Financial Reporting Standadrs (IFRS)

International Financial Reporting Standards

A professional training programme in

International Financial Reporting Standards (IFRS), the global accounting standards issued by the IASB. FIT Institute is a KHDA-approved training institute and the course leads to a FIT Institute certificate of completion; it is offered online and in person at our JLT campus in Dubai.

IFRS Diploma Content

  • Role of IASB and the IFRS framework.

  • Ethical and professional principles in financial reporting.

  • Revenue recognition (IFRS 15)

  • Financial instruments (IFRS 9)

  • Lease accounting (IFRS 16)

  • Asset valuation and impairment (IAS 36)

  • Employee benefits (IAS 19)

  • Preparation of consolidated financial statements.

  • Business combinations and joint ventures.

  • Foreign currency transactions.

  • IFRS for SMEs and reporting for small businesses.

  • Presentation of financial statements (IAS 1).

  • Disclosure requirements and compliance.

  • Measuring financial performance and ratio analysis.

Who Should Enroll?

  • Finance and accounting professionals looking to upskill in IFRS.
  • Auditors and accountants aiming to specialize in international standards.
  • Business leaders and finance managers handling multinational operations.
  • Candidates preparing for ACCA DipIFR certification.

Proof of Experience

To enroll in this course, you must provide proof of your professional experience. You need to meet one of the following criteria:
  • Have at least two years of relevant accounting experience and hold a recognized degree.
  • Hold a CertIFR certification or demonstrate at least three years of relevant accounting experience.
Proof of experience must be provided in the form of an official letter from your employer.

IFRS Diploma Learning Outcomes

Upon completing this course, you will be able to

  • Apply IFRS principles to prepare and interpret financial statements.
  • Understand the impact of IFRS on financial decision-making.
  • Implement best practices in international financial reporting.
  • Prepare for the ACCA DipIFR certification exam with confidence.

Certification & Recognition

  • Receive a globally recognized IFRS certification upon completion.
  • Boost your professional profile with industry-standard financial reporting expertise in IFRS.

Course Details:

# Sessions
12
# Lesson Duration
24 Hours
# Certifications
ACCA-UK/KHDA
Dr. Srinivas Reddy

Our Trainer

Dr. Srinivas Reddy trained thousands of learners pursuing internationally recognized qualifications including CPA, CMA (USA), MBA, M.Com, LLB, Msc Psychology, CFE combining conceptual clarity, practical application, technology integration, and exam-focused strategy.
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Why Choose FIT Institute?

Tailored Learning

Our programs are designed to be relevant and adaptable, focusing on essential skills for personal and professional growth.

World-Class Expertise​

We work with seasoned educators and industry leaders, ensuring that every course provides practical knowledge with lasting impact.​

Interactive Quizzes

Enhance your learning with fun, interactive quizzes that offer instant feedback and help you track your progress.

Progress Tracking

we ensure your growth with clear, measurable progress tracking. Through regular assessments and personalized feedback, we help you stay on course and reach your goals with confidence.

Commitment to Flexibility

With flexible learning options, we make it easy to balance education with life’s other priorities.​

3.7k+ Students

Join a community of over 3,700 satisfied students who’ve advanced their careers and skills with F.I.T Institute

Frequently Asked Questions

We’ve collected our answers to the most common questions about online learning In our services faq.
1 Structure of the IFRS Foundation
2 Role of the International Accounting Standards Board (IASB)
3 Due process and standard-setting procedures
4 IFRS Interpretations Committee
5 Global adoption of IFRS
6 Conceptual framework principles and recognition criteria
7 Objective of financial reporting
8 Qualitative characteristics of useful information
9 Elements of financial statements
10 Recognition and derecognition
11 Measurement bases
12 Capital maintenance concepts
AI
AI Integration
Activities/Case Study
1 IFRS 8 Operating Segments
2 IFRS S1 General Requirements for Disclosure of Sustainability-related Financial
Information
3 IFRS S2 Climate-related Disclosures
4 Fundamental ethical and professional principles in complying with IFRS
5 Accounting Standards
AI
AI Integration
Activities/Case Study
1 IAS 1 Presentation of Financial Statements
2 IAS 8 Accounting Policies, Changes in Estimates and Errors
3 IAS 10 Events after the Reporting Period
4 IAS 24 Related Party Disclosures
5 IFRS 15 Revenue from Contracts with Customers (5-Step Model)
6 IAS 37 Provisions, Contingent Liabilities & Contingent Assets
7 IAS 12 Income Taxes
8 IAS 2 Inventories
AI
AI Integration
Activities/Case Study
1 IAS 16 Property, Plant and Equipment
2 IAS 23 Borrowing Costs
3 IAS 40 Investment Property
4 IFRS 5 Non-current Assets Held for Sale
5 IAS 36 Impairment of Assets
6 IAS 41 Agriculture (recognition, measurement, gains/losses, government grants,
biological asset transformation)
7 IFRS 6 Exploration and Evaluation Expenditures (scope, cost elements, classification
/reclassification, impairment testing)
AI
AI Integration
Activities/Case Study
1 IFRS 9 Financial Instruments Classification and Expected Credit Loss Models
2 IFRS 13 Fair Value Measurement Hierarchy and Valuation Principles
AI
AI Integration
Activities/Case Study
1 IFRS 9 Financial Instruments Classification and Expected Credit Loss Models
2 IFRS 13 Fair Value Measurement Hierarchy and Valuation Principles
AI
AI Integration
Activities/Case Study
1 IFRS 3 Acquisition Method
2 Goodwill and Non-Controlling Interest (NCI)
3 Intra-group Adjustments
4 Consolidation Principles and Group Reporting Methodologies
5 IAS 28 Associate Adjustments
6 Complete disposal of shares in subsidiaries
7 Equity Accounting Adjustments
8 Fair Value Adjustments in Associates
AI
AI Integration
Activities/Case Study
1 IAS 21 The Effects of Changes in Foreign Exchange Rates
2 Consolidated statement of changes in equity and joint arrangement scenarios
3 IFRS for SMEs Overview and Simplified Reporting Considerations
4 DipIFR Exam Answering Techniques and Revision Methodologies
AI
AI Integration
Activities/Case Study
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