Finance, Accounting, Banking, Insurance & Compliance
Diploma in International Financial Reporting (DipIFR) Preparation
Bilingual ACCA DipIFR preparation with original IFRS cases and simple consolidation workings.
Free
Program facts
- Study fee
- Free
- subjects
- 6
- lessons
- 18
- Estimated time
- 13.5 hours
- Content last reviewed
- Access period
- 30 days
- Study language
- Arabic and English
About the program
The program starts with source evidence and double entries, then builds adjustments, reconciliations and a close. It covers revenue contracts, inventory and operating assets using stated IFRS examples, followed by statements, cash flows, ratios, cost decisions and cash planning. The final workpaper and memo separate established facts from matters needing approval. All cases and figures are fictional learning examples; actual practice follows the entity policy and applicable jurisdiction.
Practical relevance
Lessons provide worked entries, reconciliations, cost and cash schedules, with correction cases and conditional decisions using the supplied facts.
Why this program
A calculation can balance while its account or period is wrong. Learn to test evidence, assumptions and postings before relying on a trial balance or single ratio.
Career relevance
Useful for practitioners who prepare preliminary records and reports and bring differences to an authorised accountant or manager. Completion does not grant a professional licence, audit authority or approval power.
What you will learn
- Record transactions from source evidence through journals and ledgers, testing balance and meaning.
- Make period adjustments, reconcile bank and receivables, and close temporary accounts.
- Calculate revenue timing, inventory cost and depreciation under stated assumptions.
- Prepare linked statements and interpret cash, margins and liquidity with limits.
- Compute break-even, cash budgets and variances with capacity and timing checks.
- Produce an evidence-linked close file and decision memo with alternatives and escalation.
Learning outcomes (18)
- Classify source documents, accounts and the two-sided effect of an event.
- Journalise credit purchases, sales and settlement without confusing revenue and cash.
- Post to a ledger and locate a trial-balance disagreement.
- Recognise accruals and prepayments for the right period.
- Reconcile bank and receivables subledger.
- Assemble adjusted balances and close temporary accounts.
- Identify customer promises and revenue timing.
- Cost inventory and check net realisable value.
- Record asset purchase and systematic depreciation with limits.
- Build and cross-check basic financial statements.
- Classify and reconcile cash flows.
- Interpret margins, liquidity and working capital without overclaiming.
- Separate fixed and variable costs for a relevant range.
- Prepare a cash budget from collections and payments.
- Compare actuals with budget and separate price from volume.
- Assemble an evidence-linked month-end workpaper.
- Investigate a conflicting figure and correct with an audit trail.
- Communicate a bounded accounting recommendation.
Who it is for
- Business practitioners involved in recording, reconciliation and close under appropriate supervision.
- People who need to read statements and convert differences into testable questions.
- Early-career accounting and finance staff who want to master the accounting cycle and period-end close.
- Small business owners and department managers who read financial statements and budgets and make decisions based on them.
Prerequisites
- Read simple tables, perform basic arithmetic and recognise a routine sale or purchase.
- Ability to perform basic arithmetic and percentages and to use a simple spreadsheet.
- General familiarity with everyday business documents such as invoices, purchase orders and bank statements.
- Willingness to work through sequential accounting exercises and to set aside regular time for learning and assessment within the 30-day access window.
Curriculum
- Subject 1 Open for free
Transactions and the accounting cycle
From document to accounting effect; Credit purchases, sales and settlement; Posting and trial balance.
- From document to accounting effect 34 min
- Credit purchases, sales and settlement 34 min
- Posting and trial balance 32 min
- Subject 2
Period-end adjustments and controls
Period-end adjustments; Bank and receivables reconciliation; Adjusted trial balance and closing.
- Period-end adjustments 34 min
- Bank and receivables reconciliation 34 min
- Adjusted trial balance and closing 32 min
- Subject 3
Revenue, inventory and operating assets
Revenue in a multi-promise contract; Inventory cost and net realisable value; Equipment cost, depreciation and disposal.
- Revenue in a multi-promise contract 32 min
- Inventory cost and net realisable value 34 min
- Equipment cost, depreciation and disposal 32 min
- Subject 4
Statements and business interpretation
Assemble and cross-check statements; From profit to cash flow; Margins and liquidity with context.
- Assemble and cross-check statements 32 min
- From profit to cash flow 36 min
- Margins and liquidity with context 32 min
- Subject 5
Internal decision support
Contribution, break-even and capacity; Cash budget and payment timing; Separate price and volume effects.
- Contribution, break-even and capacity 32 min
- Cash budget and payment timing 36 min
- Separate price and volume effects 34 min
- Subject 6
Integrated specialist workflow
An evidence-linked month-end workpaper; Investigate conflicting cash and stock figures; A bounded accounting recommendation.
- An evidence-linked month-end workpaper 34 min
- Investigate conflicting cash and stock figures 34 min
- A bounded accounting recommendation 40 min
Subjects unlock in sequence as you progress.
Strengths
- A traceable chain from evidence to entry and statement.
- Worked numerical applications and feedback-led practice.
- A close workpaper and memo that define decision limits.
Evidence basis
Selected concepts draw on official IFRS pages and OpenStax educational material. Cases and calculations were authored for this program, not presented as research results or universal accounting rulings.
Methodology
Entries, reconciliations and interpretation are linked to primary sources and stated case facts.
Assessment
Assessments follow the program blueprint and may use module assessments, a final assessment, or a combination, under the approved attempt policy.
Assessment attempts: 2 per assessment, 7 days apart
The pass mark is announced before the program is published.
Certificate
The credential confirms completion and successful assessment; it does not represent professional licensure unless explicitly and lawfully stated.
Every certificate has a public verification code. Verify a certificate
The real design with fictional details; opens in a new window.
Program questions
Does the program assume one country or tax system?
No. Examples are country neutral and omit tax returns and local legal requirements. Check the policy and standards applicable at work.
May I approve an entity’s statements after these exercises?
The program teaches a workpaper, checks and a recommendation within delegated authority. Statement approval and professional opinions belong to authorised roles.
Do I need workplace data to practise?
No. Fictional cases provide the figures and evidence. Do not enter sensitive work data into an external tool without permission.
What do the questions measure?
They test decisions and calculations from stated facts, alongside self-practice and a module assessment. They are not an independent field competency test.
Why can profit and cash differ in the cases?
Profit follows recognition of period revenue and expense, while cash follows receipt and payment timing. The lessons build a bridge between them.
Can I repeat an assessment?
Attempt and retry rules follow the platform’s shared assessment policy. This content does not set an individual passing score or exception.
Is Specialist Preparation Program in Accounting for Business free, and do I get a certificate?
Yes. Specialist Preparation Program in Accounting for Business is free on ARPS: every lesson, exercise and assessment is free, the first subject is open to read without an account, and the program is available in Arabic and English. Issuing a certificate is optional; it is a training completion certificate showing you passed the program's assessments, not a university degree, a professional licence or an endorsement by an external body.
What other names is Specialist Preparation Program in Accounting for Business known by?
The subject of this program is also known as: business accounting, financial accounting, accounting basics, bookkeeping and accounting. Learners usually find it by searching for: free accounting course, learn accounting online for beginners, journal entries and bookkeeping, how to prepare financial statements, accounting course with completion certificate.
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