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Learn More About Computer Based IFRS (International Financial Reporting Standards) Exam.



Learn More About Computer Based IFRS Exam.

IFRS Exam 2020 – CBT Exam


The Diploma in IFRS (DipIFR) Exam is to be conducted in December 2020 as Session Computed Based Exam (CBT Exam), which means, it will be held online at a designated centre assigned by ACCA UK.

The participants who wish to pursue a Diploma in IFRS will be looking forward to the exam in December and select the centres as per their convenience and availability of slots in the centre. It is advisable to book your slot early to avoid any sort of confusion and panic.

The DipIFR exam participants are going through a tough phase with the postponement of the exam in June 2020 and then its cancellation in Sep 2020.

There is another surprise that exams will now be conducted only via Computer through sessions CBT Exam, which is causing a dilemma among the people who wish to give this exam and achieve an ACCA Diploma in IFRS.

I am sharing the details about how it will be conducted under the new system.

For the past 10 years, I have been delivering lectures on International Financial Reporting Standards and have always used excel or spreadsheet as a medium to perform calculations for a Consolidated Statement of Financial Position question, but in the paper, we had to make use of pen and paper. This complicated the process of calculating and often proved tedious.

Thank god, that finally the way I have been performing calculations for doing a consolidation question has been included as part of the system, which I plan to share, by performing a calculation in the new format.

 

 IFRS NEW EXAM SYSTEM IS AS FOLLOWS:

The DipIFR Exam consists of four questions of 25 marks each presented in a workspace.

A workspace is an area within the computer-based exam that contains all the questions, the question requirements, and the response options, within which, the participant is required to construct the responses.

All workspace response options will be marked. Each workspace contains introductory information about the question on the right-hand side of the screen.

The left-hand side of the screen lists a series of buttons under the headings Exhibits, Requirements, and Response Options. I have also mentioned some other details of IFRS exam below.

 

Exhibits 

These contain the question scenario content broken down into sections or sources of information that the participant will need to answer the question requirement(s). An exhibit may be in the format of a spreadsheet or may contain text or images.

 

Response options

The participants are presented with one or more response options within which he/she has to construct the answer. Some questions may specify which response option one should use to answer the requirements, however, if this is not specified then according to the response option provided.

 

Requirements

These are the requirement(s) or questions the participant is expected to complete in the workspace provided in the IFRS exam.

 

Read More About Computer Based IFRS Exam...

Here, at Takshila Learning, we provide IFRS Online Course, for ACCCA Certification. Prepare yourself with our IFRS Course Online by our expert faculty.

Do you want to know for IFRS Online Course  & diploma in ifrs .

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