ACCA Diploma in IFRS course in Dubai

The Diploma in International Financial Reporting Standards (IFRS) course offered by Hayford Integrated Training Institute in Dubai is a comprehensive program designed to provide students with a thorough understanding of IFRS and its application in the financial reporting field.

The course aims to equip participants with the necessary knowledge and skills to effectively apply IFRS principles in various accounting and financial reporting scenarios. It covers a wide range of topics related to IFRS, including the conceptual framework, presentation of financial statements, revenue recognition, accounting for assets and liabilities, and financial instruments.

Hayford Integrated Training Institute is a renowned educational institution in Dubai known for its quality training programs. The institute offers experienced faculty members who are experts in the field of IFRS, ensuring that students receive excellent instruction and guidance throughout the course.

By completing the Diploma in IFRS course, participants can enhance their career prospects in accounting, finance, and auditing fields. The knowledge gained from this program can be beneficial for professionals working in multinational companies, accounting firms, or financial institutions where compliance with IFRS standards is essential.

About Diploma in IFRS

Diploma in IFRS is developed and offered by the leading professional accounting organization ACCA. This course offers the latest International Accounting Standards as issued by International Accounting Standards Board(IASB). Auditors and professional accountants with three years or more of work experience can stay relevant in accounting space by gaining most updated knowledge through this short-duration IFRS program. One could complete this course in 3- 6 months by giving just one exam. Several lucrative jobs are available to a holder of this qualification.

Exam Duration

The Dip. IFRS Exam
A single three-hour, fifteen-minute examination assesses the Diploma in International Financial Reporting (DipIFR). To pass the paper, you must score 50% or higher. The exam is conducted twice a year, in June and December, in ACCA exam centers or remotely. The paper requires a combination of calculations and written answers.

Who is it for?

If you are a professional accountant or auditor who works in practice or business or a member of an IFAC membership body, then you are eligible to take the DipIFR qualification.

If you do not meet the conditions above, you may still be eligible. You will need to prove that you have one of the following:

Two years of relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions for the Applied Knowledge and Corporate and Business Law (LW) exams).
Two years of relevant accounting experience and an ACCA Certificate in International Financial Reporting
Two years of relevant accounting experience and an ACCA Certificate in International Financial Reporting
ACCA affiliate status

Trainees who are working in practice, but are not yet qualified, may still be eligible to take the qualification. They will need to prove that they have one of the following:

Course details

Course Duration

Study Materials

Course Fees

Learning Management System

International Trainers

Easiest Fee structures

Eligibility Criteria

Professional Accountants
Students of Professional Accounting
ACCA's F7 (Financial Reporting)
ACCA's F9 (Financial Management)
ACCA's F8 (Audit and Assurance)
Relevant Work Experience

Market Advantages of a Diploma in IFRS

Global Recognition:

Widespread Adoption: IFRS (International Financial Reporting Standards) is adopted by over 140 countries worldwide, including major financial markets. Having a DipIFR makes your skills and knowledge globally relevant.
Career Advancement:

Higher Positions: Professionals with a DipIFR are often considered for higher-level positions, such as financial analyst, financial controller, and chief financial officer (CFO).
Enhanced Knowledge and Skills:

Technical Proficiency: The diploma enhances your understanding of IFRS, enabling you to handle complex financial reporting and analysis tasks with greater proficiency.
Increased Employability:

Demand for IFRS Experts: There is a growing demand for professionals with expertise in IFRS, especially as more countries and companies transition to these standards.
Professional Growth:

Continuous Learning: The diploma encourages continuous professional development, helping you stay informed about changes in financial reporting standards and practices.
Regulatory Compliance:

Regulatory Knowledge: A deep understanding of IFRS helps ensure that your organization complies with international regulatory requirements, reducing the risk of financial penalties and improving overall transparency.
Improved Financial Decision-Making:

Informed Decisions: The knowledge gained from the DipIFR enables you to make more informed financial decisions, enhancing the strategic planning and management of financial resources within your organization.

Salary Trends for Dip IFRS Professionals

Higher Earning Potential:

Significant Increase: Professionals with a DipIFR certification often see a significant increase in their earning potential compared to those without the certification. This is due to the specialized knowledge and skills they bring to their roles
Geographic Variations:

Developed Markets: In developed markets like the United States, Canada, and Western Europe, DipIFR holders can command premium salaries due to the high demand for IFRS expertise in these regions.
Industry Differences:

Financial Services: Professionals working in financial services, including banks, insurance companies, and investment firms, tend to earn higher salaries due to the complexity and regulatory requirements of the industry.
Experience Level:

Entry-level positions for DipIFR holders might start at a moderate salary but provide significant growth opportunities as experience and expertise are gained.
Global Salary Estimates:

Middle East: In the Middle East, particularly in countries like UAE and Saudi Arabia, salaries for DipIFR holders can range from $50,000 to $100,000 per year.

Industry Trends for Dip IFRS Professionals

Increasing Adoption of IFRS:

Global Standardization: With more countries and jurisdictions adopting IFRS as their financial reporting standard, there is a growing demand for professionals skilled in these standards. This trend is especially strong in Europe, Asia, and parts of Africa and Latin America.
Regulatory Compliance:

Enhanced Compliance Requirements: Regulatory bodies are increasingly emphasizing the importance of IFRS for transparent financial reporting. This has led to a higher demand for DipIFR professionals who can ensure compliance with these stringent standards.
Technological Integration:

Digital Transformation: The integration of advanced technologies like AI, machine learning, and big data analytics into financial reporting and auditing processes has created a need for DipIFR professionals who can leverage these technologies while adhering to IFRS.
Sector-Specific Demand:

Financial Services: Banks, insurance companies, and investment firms have a high demand for DipIFR professionals to ensure compliance with complex financial regulations and standards.
Skill Development and Continuous Learning:

Lifelong Learning: Continuous professional development is essential for DipIFR holders to stay updated with the latest changes and interpretations in IFRS standards. Employers value professionals who invest in continuous learning.

Jamshed Butt

FCCA – Mphil, Chartered Financial Analyst Level II Candidate
Experience - 20+ Years

A distinguished and accomplished professional whose exceptional capabilities bring substantial value to our firm. With a diverse and comprehensive skill set, this individual possesses extensive expertise in corporate training, international financial reporting, auditing standards, risk assessment, and tax consultancy.

Within the realm of corporate training, this expert meticulously designs and delivers highly tailored programs that cater to the specific needs of organizations. Leveraging engaging teaching methodologies and an in-depth understanding of adult learning principles, they ensure seamless knowledge transfer on pivotal topics such as financial reporting, auditing, risk management, and tax compliance.

With an unwavering command of International Financial Reporting Standards (IFRS), this individual provides invaluable guidance on the adoption and practical application of these global accounting principles. Their astute insights span intricate accounting frameworks and regulations, enabling them to offer expert assistance in financial statement preparation, consolidation, revenue recognition, and related areas. Their commitment to staying abreast of the latest IFRS developments ensures precise and compliant financial reporting. Specializing in International Standards on Auditing (ISA), this consummate professional conducts audits in strict accordance with globally recognized benchmarks.

In essence, this highly accomplished professional showcases a versatile skill set that makes them an indispensable asset to our firm. With their proven expertise in corporate training, international financial reporting, auditing standards, risk assessment, and tax consultancy, they are poised to contribute significantly to our firm’s growth and success.

Fahim Ahmed

Graduate of Oxford Brooks University UK ,ACCA, CMA and CIA
Experience - 20+ Years

Mr. Fahim Ahmed is a Chartered Certified Accountant and a graduate of Oxford Brooks University UK.

With an illustrious career spanning over 15 years, Fahim brings a fervent dedication to enlightening and empowering professionals in the intricate landscape of financial management within corporate settings.

Fahim’s journey in the corporate training arena commenced as a Senior Accountant at a leading financial services firm, where he honed his skills in financial reporting, budgeting, and auditing. This hands-on experience bestowed upon him invaluable insights into the pragmatic challenges faced by finance professionals, laying the groundwork for his seamless transition into corporate training.

Throughout his career, Fahim has successfully designed and delivered bespoke training programs for a diverse clientele, spanning Fortune 500 companies, mid-sized enterprises, and startups worldwide. His global reach underscores his ability to transcend geographical boundaries in imparting financial expertise.

Fahim’s training repertoire spans a wide spectrum of topics, demonstrating his commitment to comprehensive education

Financial Statement Analysis: Dive deep into interpreting and analyzing financial statements for informed decision-making.

Budgeting and Forecasting: Gain practical insights into budget creation, variance analysis, and forecasting techniques for optimized financial planning.

Internal Controls and Audit Procedures: Learn to implement effective internal controls and understand audit processes for compliance and risk mitigation.

Financial Modeling: Participate in advanced workshops focusing on building financial models to aid strategic decision-making and scenario analysis.

Corporate Taxation: Receive comprehensive training on corporate tax regulations, compliance, and strategies for tax optimization.

Risk Management: Receive expert guidance on identifying, assessing, and managing financial risks within a corporate environment.

Gaurav Baid

Director – Governance, Risk and Compliance (GRC), IFRS17, Chartered Accountant – ICAI (India)
Experience - 20+ Years

Gaurav Baid has extensive international professional experience of over 15 years in Assurance, Consultancy and Banking and Operations, spread across institutions in the Gulf.
Prior to joining the GRC team, he was the Chief Financial Officer in a wholesale Bank Responsibilities included
Ensuring compliance with Central Bank regulations and IFRS standards
Developing and obtaining board approval for business plan and financial budgets
Analyzing financial results at each month end
Streamlining process by implementing effective internal controls over accounting and financial reporting processes
Briefing the Regulators, CEO and Board on business performance and financial statements
With Ernst Young, Gaurav was working as a Senior Manager in the Financial Services Asset Management Group of the Assurance service line including internal audits risk assessment compliance fraud prevention/detection policies and procedures training and statutory audits
Responsibilities included:
Review of treasury and investments including Private Equity Hedge Funds functions in banks
Review integrity of financial information by implementing and monitoring appropriate controls
Analyze results of operations and suggested best practices to address control weaknesses of various segments of clients’ operations
Setting up the audit approach and execution of the audit assignments, in consultation with partners, which makes effective use of team members’ skills
Demonstrating strong technical knowledge, researching issues, presenting alternatives and conclusions
Hands on experience in development and deployment of IFRS 9 analytics, data analytics and policy development
Implemented IFRS 15 across various finance companies in UAE and Bahrain
Carried out gap assessment and impact analysis as part of IFRS 17 Phase 1 project at Insurance companies in UAE and Bahrain
Appraising the adequacy and use of financial and operating policies, procedures and controls and constantly recommending required improvements therein
Facilitating elimination of noncompliance of Central Bank regulations through appropriate corrective and preventive action

Marryam Yasir

ACA, Fellow of the ACCA and Holds an MBA from Edinburgh Business School in Heriot-Watt University Dubai
Experience - 20+ Years

Marryam brings with her extensive teaching and industry experience specific to the Gulf region. She started her teaching career in 2010 by tutoring ACCA students at Phoenix Financial Training center in DIFC. She has since taught at multiple organizations and universities like DSR professional training center, Szabist University, Manipal University , SP Jain university and Heriot Watt university to name a few.

She is adept at training professionals in a corporate training set up and some of the corporate clients that she has trained include employees of ENBD, RAKBANK and Zahid Contractor (KSA).

She is a qualified ACA from ICAEW, is a Fellow of the ACCA and holds an MBA from Edinburgh Business School in Heriot-Watt University Dubai.

On the industry front, she has worked with Ernst and Young Dubai as an external auditor for 4 years and has been closely involved in the audit of some of the largest MNCs and local organizations like Emaar, Nakheel, Landmark Group and IKEA to name a few. Her industry experience has enriched her teaching style as she is able to delve into her past experiences and give students a practical outlook on theoretical aspects of the syllabus, while ensuring that the students are taught about the latest developments in the business world also.

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IFRS course on Coursetakers.ae