DIPLOMA IN

IFRS (Level 1 and 2)

Registration Deadline Your Passport to
Level-II, 5th April, 2019
Level-I, 30th April, 2019 Financial Reporting
(Limited seats on first come
first served basis)
Excellence

www.icmap.com.pk/ifrs.aspx
The Diploma in IFRS has become a ‘must have’ for those working in financial reporting.
Each year finance professionals around the globe complete this Diploma to effectively
deliver and apply its techniques in business and jobs.
We developed this programme in response to the complexity and pace of change in
international financial reporting. Designed to fast-track the acquisition of key practical
skills, it equips participants with a local and international portable
add-on to their existing accountancy qualification.

Who is it for? Why should you study Content overview

The course is designed for this course? On successful completion of this
accountants and other finance The programme will enhance course, you will be able to:
professionals responsible for your financial reporting skills. You • Apply advanced international
financial reporting, working, or will develop a deeper financial reporting techniques
aspiring to work in publically understanding and knowledge to the presentation of external
listed blue chip and of how international financial financial reports
multinational organisations. reporting standards are applied
• Identify and apply the
in practice.
disclosure requirements
relating to the IFRS

DIPLOMA IN IFRS (Level 1 and 2) P-1

DIPLOMA IN
IFRS (Level 1 and 2)

• Prepare single entity and Course Fees : Assessment and

group financial statements in
a cco r d a n ce w i t h I F R S PKR 40,000 for entire Level 1 Awards
and Level 2 (excl. of all taxes) The programme is assessed
• Be aware of the important Applicable to all accounting though a mix of two practically
areas of international apex bodies. focused home assignments and
financial reporting currently an end of course exam at ICMA
PKR 42,000 for entire Level 1
engaging the attention of Pakistan, Compuer Lab.
and Level 2 (excl. of all taxes)
b o t h t h e I n te r n a t i o n a l
Applicable to all other • 50%, 2 assignments
Accounting Standards Board
participants from Corporate (completed at home). The first
(IASB) and the International
Sector. assignment will be released
Financial Reporting
Interpretations Committee Multiple bookings by a single after Class 3. The second
(IFRS) employer/group will qualify for assignment will be released
a discount of 10% for the second after Class 5.
When? and subsequent booking. • 30% marks for the home
Modules take place on If you’ve studied a Diploma assignments.
Friday - 7 pm to 9 pm course with us previously, you • Participants must achieve
Tuesday - 7 pm to 9 pm mayqualify fora 10% discount. 50% or above in the final
Programme schedule exam to be eligible for the
Level-II, 5th April, 2019 Can I use the course award of the Diploma. Pass
Level-I, 30th April, 2019 towards my CPD Marks is set at 50% with
at 7pm, ICMA Pakistan, Lahore hours? distinction achieved at 70%.
Campus.
The exact number of hours that • The candidates will be
Teaching format can be claimed as CPD will be required to undertake a 1.5
claimable upon completion of hours computer based
Interactive Session (based on 90 all requirements mentioned on examination (CBE) of each
CPD hours) The programme is ICMA Pakistan website. level consist of 50 MCQs of 2
delivered over a series of marks each.
interactive sessions, based on two Entry Criteria
Levels equals to 90 CPD hrs.
Classes take place in ICMA This programme has been Enhance your
Pakistan, Lahore Campus. designed to meet the needs of financial reporting
professional accountants and is skills
open to Members of all
accouting apex bodies. Holders
of a Bachelor degree or
equivalent qualification or
experience in finance, business
or ot her relevant field may also
apply.

DIPLOMA IN IFRS (Level 1 and 2) P-2

DIPLOMA IN
IFRS (Level 1 and 2)

COURSE OUTLINE
(for full Course Outline, please visit www.icmap.com.pk/ifrs.aspx)

MODULE 1 MODULE 2 MODULE 3

Introduction to International Assets Liabilities and Foreign Currency
Financial Reporting Standards Section
(IFRS)

Topics include: Topics include: Topics include:

• IAS 16 Property,plantand • IFRS 16 Leases
• The role of the IASB, the key
principles and the equipment • IAS 37 Provisions, Contingent
preparation of the primary • IAS 40 Investment Property and Contingent Assets
statements.
• IAS 23 Borrowing Costs • IAS 12 IncomeTaxes.
• IAS 8 Accounting policies,
• IAS 38 IntangibleAssets • IAS 21 The Effects of Changesin
Changes in Accounting
Foreign Exchange Rates
Estimates and Errors, • IAS 20 Government Grantsand
Disclosure of Government • IAS 29 Financial Reporting in
• IAS7Cash Flow Statements
assistance Hyper in Flationary
• IFRS5 Non-Current Assets Economies
Held For Sale and • IAS 36 Impairment of Assets
Discontinued Operations. • IAS 2 Inventories The module will
enable you to:
The module will The module will
enable you to: • Apply the principles and
enable you to: disclosure to apply inrelation
• Have an awareness of the • Understand what can be to leases;
current projects on which the included in the initial cost of
IASB is involved in for • Explain the background to
an asset, including both self
developing new or amended the standard and, in
constructed and
standards in the coming particular, the problem of‘ big
boughtassets;
years; bath accounting’;
• Apply the optional rules on
• Understand the content ofthe • Apply the principles in IAS37
revaluation permitted under
Conceptual Framework for to specific issues (e.g.
IAS 16;
Financial Reporting and how restructuring, onerous
it hasapplied in developing • Understood and apply the contracts and for eseeable
new IFRSs; different methods of losses);
accounting for capital
• Know how to prepare a • Apply the measurement rules
basedgrants;
Statement of Profit or Loss of IAS 12 in creating deferred
and Other income and • Understand the content of tax assets and liabilities and
Statement of Financial and latest revisions to IAS23 explain the disclosure
Position.; on the capitalisation of requirements.
borrowing costs onassets;
• Account for cash and cash
equivalent in preparing • Calculate the amount of an
cashflow statements. impairment loss and allocate
impairment losses across
assets or groups of assets;

DIPLOMA IN IFRS (Level 1 and 2) P-3

DIPLOMA IN
IFRS (Level 1 and 2)

COURSE OUTLINE
(for full Course Outline, please visit www.icmap.com.pk/ifrs.aspx)

MODULE 4 MODULE 5 MODULE 6

Group Reporting Performance Measurement Financial Instruments, Interim
Reporting and Disclosure
Standards

Topics include: Topics include: Topics include:

• IAS 27 Separate Financial • IFRS 15 Revenue from • IAS 32, IFRS 7 and IFRS 9
Statements Contracts with Customers Financial Instruments
• IFRS 10 Consolidated Financial • IFRS 8 Operating segments • IAS 34 Interim Reporting
Statements
• IFRS 2 Share based payment • IAS 10 Events Afterth
• IFRS 3 Business Combinations. Reporting Period
• IAS 19 EmployeeBenefits
• IAS 28 Investments in • IAS 24 Related Part
• IAS 33 Earnings Per Share
Associates and Joint Ventures, Disclosures
IFRS 11 Joint Arrangements
The module will The module will
• IFRS 12 Disclosure of enable you to:
Interestsin Other Entities enable you to:
• Explain and apply the
• Distinguish between debt and
differences between the three
The module will main types of options – equity
equity instruments and
enable you to: settled, cash settled and
inhybrid instruments, to
account for both elements;
• Outline the circumstances hybrid schemes;
when entities are requiredto • Understand the recognition
• Apply the requirements of IAS
prepare consolidated financial and measurement principles
19 inrelation to short term and
statements; in IFRS 9;
long term employee benefits
• Preparea Consolidated including holiday pay; • Understand the nature of
Statement of Financial both qualitative and
• Beable to outline how to
Position for asimple group quantitative disclosures
account for termination
covering adjustments such as required by IFRS 7;
benefits, both compulsory
non controlling interests, pre-
andvoluntary; • Apply the recognition and
acquisition profits, elimination
measurement principles in
of intragroup trading and • Outline the disclosure
IAS 34 to specific applications;
profits and calculation of required by IAS 19.
good will; • Beable to outline the
• Apply the core principles of
disclosure required for related
• Apply the principles of revenue recognition,
acquisitions accounting; including the five-step
approach setoutin IFRS 15
• Identify the disclosures
required on business • Calculate basic and diluted
combinations. earning spersh are figures

DIPLOMA IN IFRS (Level 1 and 2) P-4

 DIPLOMA IN
IFRS (Level 1 and 2)

EXPERT INSTRUCTOR
Mr. Nizam Ud Din

A highly qualified individual with internationally recognized

professional qualifications such as ACMA (UK), FCMA (Pak), CPA
(Kenya), DAIBP and CMIBP. Having more than 35 years of
experience in the field of education with top tier professional
educational institutes and 10 years of practical experience with
large companies both locally and internationally. Having a vast
variety of accountancy publications for professional qualifications
ICMA, CA and CPA. The teaching experience varies from ICMA,
CA and masters students on various subjects related to
Accountancy and Finance. Have attended many seminars locally
and internationally and being regular speaker on majority of
them. Have the privilege to not only teach but also train a large
number of teachers who are leading in different educational
institutes now. It is not only individuals but great companies like
Interloop, Civil Aviation and more that have acquired consultancy
services for better understanding of Finance and Accountancy
concepts and how to perform the tasks more appropriately in
there day to day operations. In short a pinnacle individual in the
field of Accountancy and Finance with proven high quality track record for over four decades.

Mr. Khalid Mahmood Bajwa

Khalid Mahmood Bajwa is a Fellow member of the Institute of

Cost and Management Accountants of Pakistan. Currently, he
is teaching as permanent faculty member at University of Central
Punjab and pursuing his PhD. Prior to that, he did his MPhil in
Finance from National University of Modern Languages (NUML)
and MCOM from Hailey College of Commerce, University of the
Punjab, Lahore. He also holds a Diploma in International Financial
Reporting Standards from ICMAP and Advanced Diploma in Cost
a n d M a n a g e m e n t Acco u n t a n c y f r o m C I M A - U K .
He has been a leaned and paramount trainer on behalf of ICMAP.
He conducted two thousand and seven hundred person-hours
training for Professional Accountants in the area of IAS’s / IFRS.
He has also worked as an iconic trainer on the behalf of ICMA –
Pakistan, ACCA – UK and USAID and has conducted five thousand
eight hundred and fifty person-hours training to Government
officers (grade seventeen to nineteen) in the area of International
Public Sector Accounting Standards (IPSAS).
Hehas a sound professional background, having an experience
of twenty four years in total. He served in several professional institutions includingtextile & MIS, Nishat
Mills LTD, Gulistan Weaving LTD, and Oil & Gas sector (SNGPL) on leading positions. He has been an
insightful and heartfelt academician, having a 16 years’ experiencein teaching as well as in Administrationin
preeminent institutions like (BZU) Multan, (ICMAP) Lahore & Multan, (PU) Lahore, and SKANS School of
Accountancy Bahawalpur, RISE School of Accountancy Bahawalpur and Lahore and University of Central
Punjab. Hisareas of expertise are Financial Reporting, Corporate Financial Reporting, Cost and Management
Accounting, Financial Management, Audit and Assurance, Investment Analysis and Portfolio management
and Strategic Risk Management including financial derivatives.

DIPLOMA IN IFRS (Level 1 and 2) P-5

 DIPLOMA IN
IFRS (Level 1 and 2)

EXPERT INSTRUCTOR
Mr. Ashfaq Ahmed FCMA, CPA, MBA, ADM(UK)

An experienced Finance professional having more than twenty

years’ experience in Accounts, Finance, Management Accounting,
Auditing, Budgeting, Business Strategy and Supply Chain with
proven skills to improve operations, impact business growth &
maximize profits through better financial management, cost
reductions & productivity improvements. I have strength in
building on what works well and addressing key strategic initiatives
and quickly bringing about sound and rapid transformation. I
am proficient in handling and conceptualizing the finance
function, entailing strategy, business plans, capital budgeting,
supply chain management, implementing financial policies &
procedures including working capital management, internal
financial controls and project financing and costing. 15yeas
experience in as teaching and training in various institutions
(ICMAP, UET, Pak Aims etc)

What Roles can I Apply for after I Complete the Course?

Previous participants of this course work indiverse senior level roles in a wide variety of companies.

Previous participants work in roles such as

• Chief Financial Officer • Head of Finance
• Company Accountant • Head of Regulatory Reporting
• Compliance Officer • Internal Audit Manager
• Corporate Finance Director • Manager of Financial Reporting and Analysis
• Director • Managing Director
• Director Financial Services • Operations & Finance Director
• Director Finance Cost & Inventory • Principal
• Director Financial Accounting • Senior Accountant
• Finance Director • Senior Analyst
• Finance Manager • Senior Finance Manager
• Financial Controller • Senior Management Accountant
• Financial Reporting Manager • Senior Manager Financial Accounts
• Head of Accounting Services • Technical Accounting Manager

For Registration & Information contacts:

Habib-ullah Anwar Shami

Officer (Continuing Professional Development)
Institute of Cost and Management Accountants of Pakistan
ICMA Pakistan Building, 42, Ferozpur Road, Lahore.
Phone: 042-99214691-93 UAN: 042-111-042-CMA(262) Ext: 31; Fax: 042-99214699 Cell: 0333-8306003
For more information, please visit our website or email: [email protected]
 DIPLOMA IN
IFRS (Level 1 and 2)

REGISTRATION FORM
Personal Information
Name:

Father’s Name:

C.N.I.C. No.

Mailing Address:

Telephone No.
Residence: Office: Cell No.
Email:

Qualification(s):
Academic:
Professional:
Registration/Membership No. (if applicable):

Please tick the level in which Admission Required:

Professional Level-I Professional Level-II

Required Documents (photocopy):

1- Eligibility Qualification 2- Experience Verification 3- CNIC
I enclose Demand Draft / Pay Order No.

Date: Drawn on

Sum of Rs. on account of Diploma in IAS/IFRS.

Applicant’s Signature

FOR OFFICE USE ONLY

Receipt: Date: Amount Paid:

Course Coordinator

Habib-ullah Anwar Shami

Officer (Continuing Professional Development)
Institute of Cost and Management Accountants of Pakistan
ICMA Pakistan Building, 42, Ferozpur Road, Lahore.
Phone: 042-99214691-93 UAN: 042-111-042-CMA(262) Ext: 31; Fax: 042-99214699 Cell: 0333-8306003
For more information, please visit our website or email: [email protected]