Top Tips for DipIFR Exam Preparation

Top Tips for DipIFR Exam Preparation

DipIFR is an international qualification in International Financial Reporting Standards (IFRS). The IFRS course is developed by the Association of Chartered Certified Accountants (ACCA), the leading professional accounting organization. The Diploma in IFRS course aims providing students and professionals with a detailed conceptual insight into IFRS. 

A diploma in International Financial Reporting (DipIFR) is a perfect option for finance professionals who are looking to gain a detailed understanding of International Financial Reporting Standards and expand their base for jobs internationally. The IFRS course syllabus and the IFRS training offered by MyLogic Business Management School is based on the curriculum set by the Association of Chartered Certified Accountants (ACCA) Diploma in IFRS. The live online classes with expert faculty will help candidates grasp complex finance concepts easily and retain the information, enabling them to perform well at the time of DipIFR exams. 

DipIFR Examination

Some of the common stress points that come along with sitting for DipIFR exams are how tough is the syllabus, how much time does it take to complete DipIFR syllabus, how many hours of study and practice is required, inability to focus and lack of the right guidance while preparing for the IFRS course. All these concerns can be easily addressed by enrolling with a leading ed-tech platform like MyLogic Business Management School. The IFRS training offered by the global platform incorporates methods and plans that is geared to support, guide and enable students to make the most of their study time and deal with all the above mentioned common doubts and fear they carry.  

Here are a few more pointers that will help you clear the DipIFR exam in the very first attempt – 

Understanding the exam format and marking scheme will help you prepare and frame your mind to answer the questions and better understand what the examiner is expecting

ACCA Resources – It is worthwhile to spend time and read the examiner's reports and approach, past papers, examinable documents and syllabus during the preparation time. Solving question papers from the previous years can help you immensel. It allows you to tackle trcky questions and gain a more in-depth understanding of the topic, which is what ACCA is looking for

Study Style – It is recommended to finish the syllabus within 2 months of time with enough time devoted to learning videos. It is also a good idea to start the IFRS course with simpler topics and then move on to complex topics to boost your confidence level through the preparation process.

Studying in a group or having a dependable study partner is also a great way to keep yourself motivated and engaged in the preparation for the IFRS course. Discussing the concepts will not only help in better understanding of the concept but also in retaining the information for the exam. 

Practice – Ample practice of mock exams and repeated reading of the concepts is the key to clearing the DipIFR exam in the first attempt.

Back to Top