Its importance lies in its focus on specializations and giving them the importance they deserve. Thanks to the International Financial Reporting Standards, business owners and accounting offices are looking for the competencies needed to take on specialized tasks in financial accounting. In addition to the required experience and skills, IFRS provides you with knowledge of continuous financial variables and makes it easy to keep up with them.

The Diploma program aims to provide students with the knowledge and skills necessary to understand and apply the International Financial Reporting Standards (IFRS). The program objectives include:

• Understanding how to use the International Financial Reporting Standards (IFRS) to prepare financial statements with practical application.
• Knowing the International Accounting Standards Board (IASB) and how it sets standards.
• Studying the basic requirements of the International Financial Reporting Standards for preparing financial statements from the conditions of recognition, measurement, presentation, and disclosure.
• Evaluating and calculating transactions that affect current assets, current liabilities, non-current assets, non-current liabilities, income, and expenses in accordance with IFRS.

Specifically, the program will cover the following topics:

• Introduction to IFRS
• IASB and the IFRS Framework
• Recognition and Measurement
• Presentation and Disclosure
• Specific Topics

Upon completion of the program, students will be able to:

• Understand the basic concepts and principles of IFRS.
• Apply IFRS to prepare financial statements.
• Evaluate and analyze financial statements prepared in accordance with IFRS.
• Communicate financial information to users of financial statements.

The program is designed for:

• Accountants and auditors who want to learn about IFRS.
• Business professionals who need to understand IFRS for their work.
• Students who want to pursue a career in accounting or finance.

The IFRS diploma contains 34 international standards, divided into standards related to the elements of financial statements, standards related to disclosure, and standards related to measurement.

The exams are held twice a year: in June and December, on the second Friday of June and December.

In Egypt:

• Membership fees: 45 GBP
• Examination: 135 GBP

Outside Egypt:

• Membership: 89 GBP
• Examination: 142 GBP

Definitely, the diploma will increase your academic achievement as an accountant, as it is the basis of accounting, so you must be familiar with international standards, whether you are a financial accountant, a cost accountant, or an internal or external auditor.

It is essential to review the curriculum carefully, and more important than studying is solving the questions related to each standard you study. It is preferable to refer to previous exams and practice on them.

The duration of the course is 4 and a half months, held twice a week: one day for explanation and one day for solving questions. The dates are Friday at 4 pm for explanation and Tuesday at 7 pm for solving questions. The lecture takes from two and a half to three hours, with a break during the lecture. Also, I will send the lecture video to the group.