As a part of our continuous efforts to support our students, we conduct two online ‘Query Resolution Sessions’ prior to every  ACCA DipIFR examination attempt . The objective of these sessions is to discuss and clear technical doubts with respect to the Diploma IFRS examination and assist every student to make their DipIFR learning experience easy and hassle-free. Based on past experience, students benefit from the sessions as follows: a. A platform is provided for students to actively discuss their technical doubts and clear their conceptual queries. b. Comprehensive understanding of the syllabus and the exam pattern. c. Assistance in better preparation for the examination Interested students are required to  register  on the link provided over email. Prior registration is mandatory for attending the sessions. These sessions are part of the study/course package and hence, no extra charges are levied. Topics for the respective query sessions as below: Topics for Se...

  Why ACCA DipIFR : More than 140 countries require or permit the use of International Financial Reporting Standards for their select class of companies. India has also mandated certain class of companies to follow Ind AS (converged with International Financial Reporting Standards) for financial reporting purpose. The companies are currently focussing on recruiting the employees who have knowledge of Ind AS and other global financial reporting standards. Accordingly, the demand for professionals with knowledge in Global Financial Reporting Standards / Ind AS is increasing at rapid pace. DipIFR is an international qualification in International Financial Reporting Standards accredited by the leading professional accounting organization – ACCA which is based in UK.  DipIFR course  is designed to develop working knowledge on International Financial Reporting Standards, providing an in-depth understanding of the concepts and principles and their practical application. On Comp...

A. Background: In recent times, many companies have chosen to raise money by issuing convertible instruments. A convertible instrument is a hybrid instrument that offers investors the option to  redeem the security for cash  at the end of (or during) its term  or convert it to equity shares  of the entity. Convertible instruments generally offer lower interest rates (because of the additional consideration by way of conversion option) than comparable conventional instruments, making them a cost-effective way for the entity to raise money. Convertible instruments are typically issued by companies that have high growth expectations and relatively lower credit ratings. The companies get access to money for expansion at a lower cost than they would have to pay for conventional instruments. Investors, in turn, get the flexibility of turning their convertible instruments into cash or equity shares of the entity. Examples of convertible instruments are optionally convertibl...

  Thousands of accounting, audit and finance professionals apply for diploma in IFRS every year, and the biggest intimidation that a majority of them face is the preparation of June 2024  DipIFR examination  to crack it in the very first attempt. While lack of time for preparation and inability to focus on studies at a stretch are generally behind this pre-examination stress, the right guidance may help them determine their course of preparation and experience a surprising outcome. DipIFR students typically come up with questions like how much time does it take to complete DipIFR syllabus before the examination, is it possible for non-CA professionals to get well versed with IFRS (International Financial Reporting Standards) within such a short time span and how many hours should be dedicated to  DipIFR study on a daily basis . Aspirants are often concerned about the magnitude and complexity of syllabus. Despite being professionals in the field of accounting, finance...

  Executive Summary Since April 2019, due to the introduction of  IFRS 16 / Ind AS 116  – Leases, there has been a significant change in how leases are accounted for, especially by the lessees. As per the earlier leasing standard, lessees were required to account for lease transactions as operating or finance leases depending on the rules and tests of classification. As per the new leasing standard, this classification is done away with, and lessees are now required to recognize nearly all leases (except short-term and low-value leases) on the Balance Sheet which will reflect their Right-to-use an asset for a period of time and the associated lease liability for rent payments. The accounting of operating leases as per the earlier standard was relatively straightforward, which required lessees to recognize lease payments as operating lease expenses on a straight-line basis over the lease term. The accounting of operating leases as per the earlier standard was relatively st...