On completion of the Diploma candidates should be able to:

• Understand and explain the international regulatory framework of financial reporting
  
  
• Discuss and apply specified International Accounting Standards and International Financial Reporting Standards to practical situations
  
  
• Prepare financial statements in accordance with specified International Accounting Standards, International Financial Reporting Standards and International Financial Reporting Interpretations Committee (IFRIC) pronouncements
  
  
• Prepare group financial statements including subsidiaries, associates and joint ventures.