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Sunday, June 19, 2011

Day 1 - Introduction

Well let's start from overview of resources and materials that will be handy for exam.


I believe this company has the biggest experience in proving a range of materials for DipIFR.
Previously, it was administering DipIFR Rus exam, so those guys obviously have a solid insight into what it's all about :)

From first sight, materials are not easy to find at their website, however all u need is to click : order online.

Optimal combination : DipIFR Materials package + audio lectures.
However just having materials package will be more then enough , and the cheapest is to buy e-package. You will get access to PDF files which u can download as many times as u want and print as many times as u want, which is absolutely fantastic nowadays.


Great publishing and educational company.

From my experience with them , I can say that their materials are simply excessive.
That means there is hardly anything that u can't find in their books.
However sometimes language is too technical , which isn't a critic at all. It simply means that studying solely from bpp books, without additional materials or lectures isn't quite easy. There is a high chance to loose interest in subject.
But the biggest advantage is , if u manage to work out their books and kits u can be sure that any exam will seem easy for u:)

For DipIFR they provide a nice book and a kit. You can view them here.

And again u can purchase e-materials, but since the start of this year, BPP reduced the printing allowance down to just 15% of a book. Which is ..............sigh ...very sad.


To my surprise they don't issue any separate books for DipIFR exam.
The only book that can be handy is their Guidance to IFRS.

It's cheap and has very positive comments from students all the world.
Indeed, it's very user friendly.
But it's not designed for DipIFR exam and it's dated 2008. So if u can get it from a friend , it could be a nice additional material. Otherwise, i would recommend to concentrate on updated materials designed solely for DipIFR.

4. IFRS foundation: http://www.ifrs.org/Home.htm

Almost everything related to IFRS depend on those guys. It's them who issue International Financial Reporting Standards , and thus when u will need to learn about their structure or access standards , welcome to their site.

Standards could be downloaded from here
Registration is required but it's simple and free.



A perfect site created by Deloitte's team . Contains news about accounting and anything that happens in IFRS world.

Also it has excellent free learning modules for IFRS. You can access them here.
(just put any data to this form, it doesn't matter at all ;))

Whenever u feel difficulty studying this or that IFRS, these modules will surely help.

6. Big Four Guidances

On top of those is "IFRS in your pocket" booklet issued by Deloitte's team.
Why on the top ? Because to my opinion it's more complete and most importantly it is already updated for 2011.

Then you can take a look at "IFRS pocket guide" issued by PWC.
Well, this one is still 2010.  They have 2011 IFRS manual, but it's not available for free.

And finally there is a nice IFRS portal created by Ernst & Young, where you can find plenty of interesting materials.  I recommend to subscribe for IFRS outlook, which will allow you to received all recent updates in IFRS world.
 
All those materials are updated regularly. Some companies do it earlier , some later. But for DipIFR purposes we can use 2010 materials without any problem.
 
So those are your 6 steps to success with DipIFR. Benefit from as many resources as u can. Now all you need is a good schedule, time management and regular practice :)

Best of luck!

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