Professional Qualification in IFRS

Awarded by ACCA (UK)

Overview

The Professional Qualification in International Financial Reporting Standards (IFRS) awarded by the Association of Chartered Certified Accountants (ACCA – UK) is a globally recognised qualification designed to develop deep technical and conceptual expertise in IFRS.

This qualification equips professionals with a thorough understanding of IFRS principles, their underlying concepts, and their practical application in the international business and reporting environment. It is widely accepted in more than 80 countries and is highly relevant in jurisdictions that have adopted or converged with IFRS.

About ACCA (UK)

ACCA is one of the world’s leading professional accounting bodies.

• Established in 1904

• Presence in 100+ offices worldwide

• 500,000+ students and members globally

• Globally recognised and respected qualification provider

The IFRS Professional Qualification awarded by ACCA reflects international best practices in financial reporting and accounting standards.

Why Study IFRS?

International Financial Reporting Standards are the backbone of global financial reporting. IFRS knowledge is essential for professionals involved in:

• Financial reporting and disclosures

• Auditing and assurance

• Corporate finance and compliance

• Multinational business operations

• Regulatory and advisory roles

With the increasing global adoption of IFRS, professionals with strong IFRS expertise are in high demand across industries.

Why Study IFRS with ACCA (UK)?

• Globally recognised professional qualification

• Strong conceptual foundation and technical depth

• Practical application of IFRS in real-world scenarios

• Accepted across international markets

• Enhances credibility, career growth, and employability

Who Is This Qualification For?

The Professional Qualification in IFRS is designed for:

Accounting & Finance Professionals

• Qualified accountants and auditors working in practice or industry

• Professionals trained under national accounting standards

Part-Qualified & Experienced Professionals

If not fully qualified, candidates may still be eligible by meeting one of the following criteria:

• Two years’ relevant accounting experience and a relevant degree (with ACCA exemptions F1–F4)

• Two years’ relevant accounting experience and ACCA Certificate in International Financial Reporting

• Three years’ relevant accounting experience

• ACCA Affiliate Status

University Students

• ACCA Certificate in IFRS

• Minimum 2 years of relevant accounting experience

Independent Learners

• ACCA Certificate in IFRS

• Minimum 2 years of relevant accounting experience

If a candidate is not directly eligible, they can first complete the Certificate in IFRS (ACCA) and then progress to the Professional Qualification in IFRS.

Top Reasons to Join This Qualification

• Demonstrate professional competence in IFRS

• Enhance career prospects in accounting, audit, and finance

• Gain a globally recognised and affordable qualification

• Become more employable in international and regional markets

• Receive exemption from ACCA Paper F7

• Opportunity for academic and professional progression through ACCA

Key Areas of the Syllabus

The syllabus is structured to develop strong conceptual knowledge and technical application skills.

A. International Framework & Standards

• International Accounting Standards Board (IASB)

• Regulatory framework

• International sources of authority

• Elements of financial statements

B. Financial Reporting Standards

• Revenue recognition

• Property, plant and equipment

• Impairment of assets

• Leases

• Intangible assets and goodwill

• Inventories

• Financial instruments

• Provisions, contingent assets and contingent liabilities

C. Presentation & Disclosures

• Statement of financial position

• Statement of profit or loss and other comprehensive income

• Earnings per share

• Events after the reporting date

• Accounting policies, changes in accounting estimates and errors

• Related party disclosures

• Operating segments

• Reporting requirements for small and medium-sized entities (SMEs)

D. Group & Consolidated Reporting

• Preparation of group consolidated external reports

• Business combinations

• Intra-group adjustments

• Fair value adjustments

• Associates and joint arrangements

E. Specialized IFRS Topics

• Employment and post-employment benefits

• Tax in financial statements

• Foreign currency transactions and exchange rates

• Agriculture

• Share-based payment

• Exploration and evaluation expenditures

• Fair value measurement

Course Duration & Preparation

Training & Learning Support

• 70 hours of interactive live training

• Comprehensive study materials provided

• Video-recorded lectures

• Mock exams and question banks

• Support for ACCA Certificate in IFRS alongside the qualification

Examination Structure

• One exam

• Examination sessions:

  • December – May (Exam in June)

  • July – November (Exam in December)

Exam Format

• Consolidation Question: 40 marks

• Scenario-based Questions: 60 marks

How to Complete the Qualification

Step 1: Preparation

• Register with Excellence Training Centre

• Collect study materials

• Attend structured training sessions

Step 2: Exam Registration

• Book exam online via ACCA

• Website: accaglobal.com

Fees (Indicative)

• Training, books, and classes: QAR 5,000

• ACCA Online Exam Fee: £185

Exams are conducted in more than 180 countries worldwide.

Why Study at Excellence Training Centre?

• ACCA-approved training centre in Qatar

• Wide range of professional qualifications across disciplines

• Best pass rate in Qatar for professional qualifications

• Full-time, experienced faculty

• Examination centre for most courses

• Approved Quality Training Centre