For an accountant striving for professional heights, DipIFR has been a kind of guiding star for almost 15 years. In the sky of Russian-language qualifications in accordance with IFRS, the DipIFR diploma is really beyond competition - it is huge and amenable only to persistent ones. And therefore, by the way, it does not lose its prestige. The ambitious accountant throws up his eyes to the sky - and sees: yes, DeepIFR is still there, and its appearance is habitually unchanged from year to year, just like the visible side of the Moon facing us.
But in fact, there is only one session left for the DipIFR exam in its current form - in June 2019. Since December 2019, the structure of the exam has changed, and, while remaining the same in content, it will change in form . How significant are these changes?
The changes are completely cosmetic and boil down to equalizing the weight of all issues. There will still be four questions, only each will now weigh 25 points. That is, the grandiose first consolidation question (weighing 40 points today) will decrease to 25 points, distributing its freed up points among the other three: accp
If the changes are not so fundamental, then is it worth talking about them at all, you ask? It is worth it - for two reasons. First, I would like to emphasize that the changes are not serious. And sometimes you have to see on the Internet moaning in the spirit that “everything is gone”, “the exam is getting more difficult,” but this is not so. The redistribution of points from the first question does not affect either the preparation strategy or the tactics of passing the exam.
And all because from time immemorial in the first 40-point question of "pure" consolidation there were always 25 points, at most 30. You can check the example of model answers for the 2018 exams. Non-consolidation complications (rent and others) there occupy 10-12 points out of 40. That is, before the described changes in consolidation there was plus or minus 25 points, which after . Just basically just nekonsolidatsionnye complication perepolzut in other matters.
Yes, of course, this automatically means that these redistributed 15 points will now need to be commented and explained - after all, every exam question, except for the first one, requires an explanation - but tell me, how does it complicate the exam? Did anyone ever hope that they could pass DipIFR without being able to explain their answers, that is, without knowing the VODKA technique and the alternation strategy ?
So if, due to the change in the format, the exam becomes more complicated, it is so insignificant that everything can be attributed to a statistical error.
But above I said that there are two reasons why I decided to write about this change. The second reason is in some way, I'm not afraid of this word, intrigue.
The fact is that reducing the volume of the first consolidation question potentially frees the examiner's hands in terms of which combination of reports to test the consolidation with. After all, what have we got used to for almost 10 years of the current format? To the fact that we are given to frolic either only with the OFP , or only with the OSD, or - a lordly favor from the examiner - we are given the OSD and the OIC . In general, as a rule, consolidation is just one report. Packed with complications, but alone. And since December 2019, non-consolidation complications have largely gone into other issues.
In this context, perhaps you would be interested to know that the "paper" - let's take DipIFR from the full ACCA qualification - financial reporting (FR, Financial Reporting) - and so, this subject has been testing in the first question for decades a combination of OFP and OSD. There, such a tradition has taken root precisely because no non-consolidation complications get confused underfoot, and you can create a good problem for 25 points that tests consolidation in a complex, as a system. Both the balance sheet and the income statement.
What are you talking about? "Was that just not enough?" Then you to the point: in my opinion, it was this systematic approach to the consolidation of DipIFR exams that was lacking. Being overloaded with a mass of small details, the consolidation issue of DipIFR did not allow testing OFP and OSD at once without over complicating the issue and not destroying all applicants in one blow. Although the DipIFR exam program has for many years contained such a description of the first question, I quote: “Question 1 includes the preparation of one or more consolidated reports that are examined within the program”.
Until now, this very "more than one report" dropped out on the exam only when the OSD was tested together with the OIC. But it is quite possible that now, having removed the unnecessary from the first question, the examiner has just cleared the way for testing the OSD together with the OFP?
In truth, even this intrigue does not make the DipIFR exam any more difficult. The exam will just become potentially more interesting. And for a student who sees in DipIFR not a "crust", but a way to become stronger and more educated - this is just a holiday. Well, really?
Of course, my assumptions about GPP and OPA in the first question are just assumptions. DipIFR exams are not written by me. As you know, someone else's soul is darkness. But, be that as it may: by December 2019, we are redoing the materials already for the new exam format. Problems for OFP and OSD have been in our materials before, so the main change in our materials is that we will “cut off” unnecessary complications from those 40-point problems that we have in our problem book.
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