Elshad Badalov is currently the best teacher in Azerbaijan specializing in preparation for the ACCA DipIFR and F-7 exams. He has developed a unique teaching methodology that has proven its effectiveness. He has over 50 students who have successfully passed his courses. In June 2015, his student, Nargiz Alekperova, passed the F-7 exam (similar to the ACCA DipIFR exam), receiving 87 points. This result is the best in Azerbaijan for June 2015 and the eighth highest worldwide. Therefore, our students are already among the top ten globally.

Here is the complete list of EFB Consulting course participants who successfully passed the DipIFR, Financial Reporting (F-7), and other ACCA exams (a total of 52 people from 2010 to 2026).

​June 2010 – Mehman Veysalov (Elcell).

December 2010 – Arif Mamedov (Simbrella), Olga Salikova (Pronet), Sofya Kutukova (Arxitrav).

June 2011 – Nelly Vorobyova (Bon Accord), Anna Kostina (Aktavis), Natalya Jafarova (NLT Telecom).

December 2011 – Vusalya Abdullayeva (Philosophy), Samir Akhundov (Oceaneering), Svetlana Iyudina (Ministry of Health), Mariam Sharifova (NarMobile), Rustam Mamedov (Farm Qafur), Lala Efendieva (AzRe Reinsurance).

June 2012 – Olga Mashkova (Carlo Pazolini Azerbaijan), Anastasia Bolshakova (Binagadi Oil), Fuad Jafarov (Binagadi Oil).

​December 2012 – Rafael Safarov (Statoil).

​June 2013 – Dashgyn Orujov (Xalg Bank) and Irada Nabieva (Xalg Bank).

​December 2014 – Rafig Rafiev (Total IT), Vahid Aliusmanov (Absheron Operating Company), Rasul Eyubov (Xalg Bank).

​June 2015 – Zarifa Gadiyeva (Nobel Oil), Narmina Alikhanova (Financial Monitoring Service under the Central Bank of Azerbaijan), Tamila Asadova (Khalgbank).

Nargiz Alekperova (TBC Kredit) passed the F-7 ACCA exam with a score of 87. This is the best result in Azerbaijan and 8th place globally. The F-7 ACCA exam is similar to the ACCA DipIFR exam.

December 2015 – Shafag Badalova (KPMG), Diana Chashihina (Bakıelektriktökmə), Inna Pyshkova (WILO Caspian), Oksana Khanseidli (Farm Group MMC).

June 2016 – Alina Turcanu (Embassy of the Republic of Moldova in Azerbaijan).

December 2016 – Natavan Yusifova (Inkishaf-s MMC).

June 2017 – Leyla Khanmamedova (Baki Göknur Ltd).

December 2017 - Fidan Aliyeva (Ideal Parfume).

​December 2019-Afruz Huseynova (Cargolux Airlines International S.A.) and Leyla Safarova (Ərzaq tədarrükü və təchizat ASC).

​June 2019 - Yulia Suleymanova (Central Asia Business Consultants Inc.) and Maria Hemzebeyova (Right Solutions)

​December 2019 - Abbasova Natavan (ITOCHU Corporation Baku Representative Office) and

Leila Abdurakhmanova (ITOCHU Oil Exploration (Azerbaijan)

December 2021 - Nushaba Khalilova (İrşad Elektronics MMC) and Khalida Melikova (TotalEnergies E&P Absheron B.V.)

successfully passed the DipIFR exam.

​June 2022 - Sevinj Chobanova (Bakı Nəqliyyat Agentliyi) successfully passed the DipIFR exam.

October 2022 Mirzanmedov Ruslan (NB Holding) successfully passed the first stage of the Professional Accountant Certificate exam.

December 2022 - Kamal Aliev (VTB, Azerbaijan) successfully passed the DipIFR exam.

December 2023 - Lola Mamedova (AzRE) successfully passed the DipIFR exam. This brings the total number of EFB Consulting course graduates who have passed the DipIFR (ACCA) and F-7 (ACCA) exams to 45.

June 2024 - Nailya Ibragimova (Debet Safety MMC) and Nargiz Agaeva (General Supply) successfully passed the DipIFR exam. This brings the total number of EFB Consulting course graduates who have passed the DipIFR (ACCA) and F-7 (ACCA) exams to 47.

December 2024 Farida Gasimzade (Rabita Bank) passed the DipIFR exam.

Aliasker Mohsunzade (Abacus Audit and Consulting) and Mikayil Mamedov (Master's Degree in Audit and Accounting in Production at Baku Engineering University) successfully passed the F-7 (ACCA) exam.

Naila Ibrahimova (Debet Safety MMC) successfully passed the Financial Management exam of the new ACCA qualification, the "Diploma in Finance and Business Management."

June 2025: Kamalya Mamedova (Bladestone MMC) successfully passed the DipIFR exam.

December 2025: Elmaddin Giyasov (JAR Group MMC) successfully passed the DipIFR exam.