ACCA - The global body for professional accountants

How do I find learning materials to support my studies towards the DipIFR qualification?

ACCA has an Approved Learning Partners - content programme. This is the way in which ACCA quality assures a range of content from different providers designed to support study for the ACCA qualifications.

There are two levels of approval under this programme, Platinum and Gold. BPP is ACCA's sole Platinum provider. Their materials are subject to an exclusive examiner review. Materials produced by ACCA's Gold Approved Learning Partners - content are quality assured by ACCA.

For information about ACCA's Approved Learning Partners - content and to access ACCA's Content Provider Directory which has details of all ACCA's Approved Learning Partners - content as well as a wide range of materials which are not quality assured but may help to support your studies, please go to the Content Provider Directory which you can find in the Related Links section on the top left side of this page.

In accordance with IFRS9 Financial instruments, an entity may elect to recognise subsequent re-measurement of investments in equity instruments within other comprehensive income. Is this within the syllabus?

Yes, this is within the syllabus. It is therefore examinable, but unless the question specifically mentions that the entity has made this election, candidates should assume the default position. Candidates should treat investments in equity instruments within the scope of IFRS9 that are not held for trading as fair value through profit or loss.

My revision strategy is to learn certain topics and answer questions only on those. Is this the best way to revise?

A candidate should have an understanding of every element of the syllabus.

Are recently revised versions of (IFRS) International Financial Reporting Standards examinable?

The current version of the IFRS is examinable if it has been issued before the cut-off date of 30 September.

Does the examiner prefer full or partial measurement of goodwill?

This will depend on the question; both could be examinable.

Could you test the reconciliation of group-retained earnings?

Yes, but candidates don’t answer this type of question particularly well. It hasn’t been tested very often in the past.

Can you explain the difference between accounting rules and principles?

Principles (eg substance over form) can be applied to a scenario and don’t refer to a particular standard. Rules are contained within standards, for example, impairment.

Are transfers from revaluation reserve to income still in the syllabus?

Yes. Candidates and tuition providers are advised to regularly review the syllabus guidance published on our website.

Will discount factors be given if candidates are expected to determine present values?

Yes, the relevant discount factors will be given.

What if candidates are taught different methods of preparing consolidated accounts, for example, journal entries or ledger accounts?

Appropriate credit will be given as long as the student has answered the question and their workings are clear.

How should candidates better prepare for the Diploma in International Financial Reporting Standards exam?

 We have evidence that many candidates do not practise exam questions prior to the exam but simply read the questions and model answers together. Candidates are advised to practise the papers as if they were sitting the exam.

If partial workings in the consolidated financial statements aren’t referenced back to the financial statements, would they be marked?

Yes, anything in the answer booklet is marked.

The topic of reporting SMEs is included in the syllabus (part C, section 7 "Reporting requirements of small and medium sized entities"), but SME standard is not included in the list of examinable documents 2012. Is this a mistake?

This is not a mistake. The study guide for this section of the syllabus contains the detailed learning outcomes and these all focus on the reasons behind the IFRS for SMEs and other issues related to its development. Candidates will not be asked about the detailed requirements in the standard or about how these differ from full IFRS. For this reason it was decided that the standard should not be included in the examinable documents list.

Last updated: 18 Jun 2014