ACCA DipIFR Introduction

1. ABOUT THE ACCA DipIFR QUALIFICATION Presentation by the Collective College of Accountancy Theme: PROVE YOUR IFRS SKILLS

2. DipIFR – Diploma in International Financial Reporting An ACCA qualification for finance professionals Every finance professional needs to develop a working knowledge of the area, and the DipIFR will make this happen Over 113 countries require or permit the use of International Financial Reporting Standards (IFRS) for publicly-traded companies (Nigeria inclusive). Collective College of Accountancy

3. Course Objectives The course is designed to develop your knowledge and understanding of International Financial Reporting Standards (IFRS) . You will also learn how to apply them, as well as the concepts and principles which underpin them. Collective College of Accountancy

4. Course Objectives (Contd.) On completion of the Diploma candidates should be able to: understand and explain the structure of the framework of international accounting apply relevant financial reporting standards to key elements of financial reports identify and apply disclosure requirements for companies in financial reports and notes prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint ventures Collective College of Accountancy

5. Who is the DipIFR Qualification for? If you are a professional accountant or auditor who works in practice or business, and are qualified according to national accounting standards ( ICAN or ANAN ), then you are eligible to take this ACCA financial reporting qualification. Collective College of Accountancy

6. Who is Qualification for? If you are working in practice, but not yet qualified , then you may still be eligible. You will need to prove that you have one of the following: three years ' relevant accounting experience (by submitting a letter from your employer) a relevant degree plus two years ' work experience an ACCA Certificate in International Financial Reporting plus two years ' work experience. Collective College of Accountancy

7. How it works? The Diploma in International Financial Reporting ( DipIFR ) can be studied to fit your studies around your work and social commitments. OUR TRAINING PROGRAMME A structured 3-week training course to assist you obtain the ACCA Diploma in IFRS as well as gain in-depth knowledge of the preparation of IFRS compliant financial statements. Structure The classes would be conducted every Saturday and Sunday from 8am – 6pm. The diploma can be completed in three to six months depending on your commitment. Collective College of Accountancy

8. Course Details Exams The Diploma in International Financial Reporting ( DipIFR ) is assessed by a single three-hour written exam. You will need to achieve a 50 per cent mark or above to PASS the paper. The exam is held twice a year - in June and December at ACCA's exam centres . The next exam date: 10 December 2013 Collective College of Accountancy

9. Course Details (Contd.) There are two sections to the paper which requires a mix of calculations and written answers. The assessment marks are split as follows: Marks Section A - One 'groups' question = 40 Section B - Three scenario questions = 60 (20 marks each) Total = 100 Collective College of Accountancy

10. Course Details (Contd.) Important dates You can apply for the Diploma in International Financial Reporting ( DipIFR ) at any time, but if you want to sit the December 2013 exams, we will need to receive your registration form and copies of all your supporting documents on/before August 31, 2013 . The deadline for receipt of application and documentation at the ACCA UK office is: 8 October 2013 for the December 2013 exam session Collective College of Accountancy

11. Course Fees EXAM FEES The initial registration fee for December 2013 is £195 . Processing fees - £ 10 Bank charges - £10   TRAINING FEES N 87,500 (Fees cover materials, tea break and lunch) Payment method: All cheques are to be made in favour of COLLECTIVE COLLEGE OF ACCOUNTANCY.   Collective College of Accountancy

12. Course Content Part A – International Sources of Authority Part B – Elements of Financial Statements Part C – Presentation and Additional Disclosures Part D – Preparation of external financial reports for combined entities, associates and joint ventures Collective College of Accountancy

13. About the Tutor AYODELE, Samuel O. , B.Sc ( Hons ), ACA, ACCA, ACS, DipIFR,MSI Holds the ACCA Diploma in International Financial Reporting Holds a First Class Honours Degree in Accounting Associate Member of the Association of Chartered Certified Accountants (ACCA), Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN) Associate Member of the Chartered Institute of Stockbrokers (CIS) of Nigeria. Member of the Chartered Institute for Securities & Investment (CISI), U.K. He is a multiple ACCA Nigeria prize winner including being the best qualifying ACCA student in Nigeria for the June/December 2007 examination sessions. He earned his ACCA Diploma in IFRS in 2007 and has delivered several presentations on IFRS. He has over eleven (11) years of professional experience covering IT, Audit and Investment Advisory. He has also lectured several ACCA/ICAN courses in the past six (6) years. Samuel currently works as Head of Contributions with a Pension Fund Administrator after having worked as Head of Finance in the same organisation . Samuel is a Level II candidate of the Chartered Financial Analyst® (CFA) Institute’s CFA program. Collective College of Accountancy

14. What next? Course Registration Lectures Exams Collective College of Accountancy

15. THANK YOU. Collective College of Accountancy