ACCA eligibility. Qualification | DIPIFR | Certification

by Vanessa Bowers

The Association of Chartered Certified Accountants (ACCA) is a globally recognized accountancy body. It offers the ACCA accountancy qualification, Diploma in IFRS and other certification courses. 

To be eligible for the ACCA qualification, you must meet specific requirements. This article will outline the eligibility criteria for various ACCA courses and certifications.

In this article, we will break the list down into qualifications, diplomas and Certifications.

ACCA course eligibility for main qualification. 

The full ACCA course comprises three levels. Applied Knowledge level, Applied Skills level and Strategic professional level. We look at the minimum entry requirements for ACCA courses in India.

Eligibility after 12th standard. Level 1 Applied Knowledge

The minimum eligibility requirement is 

  • You must be at least 18 years of age, and;
  •  you must have completed high school or 12th standard or an equivalent qualification. (CBSE, State boards, ICSE, IGCSE etc.)

What marks should I get in 12th for ACCA?

  • You must have scored the following.
  • 65% in two subjects including English and Mathematics or Accountancy and
  • over 50% in three other subjects

If you don't fulfil this criteria, you will be required to start the ACCA foundation level.

Which course must a student pursue for ACCA after 10th?

After the 10th, a student should pursue the commerce stream in order to be eligible to pursue ACCA. The commerce stream includes subjects such as economics, business studies, accountancy, and finance. 

Level 2- Applied Skill or after graduation in commerce

You must have completed either of the following to be eligible.

  • Completed Applied Knowledge of ACCA, or
  • Completed CA IPCC after 2003, also known as CA Inter from The Institute of Chartered Accountants of India, or
  • Completed CMA from the Institute of Cost and Works Accountants of India (ICWAI), or
  • Completed CMA from the Institute of Certified management accountants (ICMA), or
  • Completed either an undergraduate or post graduation degree from an ACCA accredited institution. B.Com and M.com from almost all the Indian universities are eligible. or
  • Completed CPA from American Institute of Certified Public Accountants (AICPA) US

Level 3 - Strategic professional or after completing CA/CMA

You must have completed either of the following to be eligible.

  • Completed Applied Skill level of ACCA, or
  • Completed CA Qualification after 2003 from The Institute of Chartered Accountants of India, or
  • Completed ACMA/FCMA with five years of work experience.

Do also read our blogs on understanding the  ACCA course fees and ACCA important dates.

ACCA Oxford Brookes University Bsc Degree

ACCA Oxford Brookes University degree is an undergraduate accounting degree offered in partnership with the ACCA. It prepares students for a career as a chartered certified accountant by providing a solid foundation in accountancy and business.

To be eligible to gain the BSc degree in applied accounting from Oxford Brookes University, United Kingdom, you must have

  • Successful completion of the ACCA Applied Skill exams and
  • Completed the ethics and professional skill module.

ACCA Diploma in IFR (DIPIFR) eligibility 

The ACCA Diploma in International Financial Reporting (DIPIFR) provides an in-depth understanding of the principles and application of IFRS. The course is designed to help accountants apply or report financial information using IFRS. 

You must have completed either of the following to be eligible.

  • Completed CA Qualification after 2003 from The Institute of Chartered Accountants of India
  • Completed main ACCA qualification.
  • Completed CMA from the Institute of Certified management accountants (ICMA), 
  • Three years of relevant accounting work experience
  • Two years of relevant accounting work experience and a degree in B.com/M.com
  • Two years of relevant accounting work experience and passed the ACCA Certificate in International Financial Reporting (CERTIFR)
  • Students pursuing CA from The Institute of Chartered Accountants of India completed their three-year articleship.

ACCA Certifications eligibility 

ACCA issues certification for skill sets in various finance domains. There are no eligibility criteria for these certifications. The list of some of the popular certifications are

Certificate in International Financial Reporting (CERTIFR)

The ACCA Certificate in International Financial Reporting (CERTIFR) is an entry-level qualification. CERTIFR provides students with the latest developments in financial reporting standards and an understanding of their application to business practices.

Recommended: For entry-level finance professionals or graduates.

Certificate in Business Valuations

The ACCA Certificate in Business Valuations is the perfect way to become a qualified business valuer. 

The course is designed for those who wish to gain a detailed understanding of the principles and practices of business. 

Recommended: For finance professionals who are seeking to get into business valuations

CertDIF - Certificate in Digital Innovation for Finance

The CertDIF is designed for finance professionals who want to develop their knowledge and understanding of how digital technologies can be used to improve business processes and performance. It gives an overview of topics such as big data, cloud computing, social media, mobile devices, and cyber security.

Recommended: Ideally suited for working finance professionals.

Cert IR - Certificate in Integrated Reporting

Integrated reporting is a process whereby organisations report on their overall financial performance and sustainability in a concise, clear and consistent manner. The aim of integrated reporting is to provide stakeholders with a comprehensive understanding of an organisation's prospects, performance and stewardship.

The Cert IR - Certificate in Integrated Reporting is aimed at professionals who want to develop their knowledge and understanding of integrated reporting or who are already involved in the production of integrated reports. It covers topics such as governance, strategy, financial performance, risk management, sustainability and disclosure.

Summary:

If you are interested in pursuing any of the ACCA courses or certifications mentioned in this article, be sure to speak to an eduyush representative. We would be more than happy to help you navigate the process and answer any questions you may have about eligibility requirements. With that, we hope you have found this article helpful and wish you all the best as you pursue your accounting career aspirations. 


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Questions? Answers.

No, not at all. If you're proficient in the key subjects, then getting a high percentage means very little. The focus should be on becoming knowledgeable and skilled in the core areas of accounting, taxation and finance. Passing exams is simply a formality.

That being said, a high score still looks good on paper and may open doors when applying for jobs. But ultimately, it's your understanding of the material that will matter most in your career.

The syllabus for ACCA and CA are not precisely the same, but there are a lot of similarities. Both qualifications focus on financial reporting, taxation, auditing, and business skills. However, the ACCA qualification is slightly broader than the CA qualification.

The ACCA qualification is also internationally recognised, while the CA qualification is recognised in India and a few other countries. So if you're looking to work as an accountant in a country that's not India, then the ACCA qualification would be a better choice.

The answer to this lies on your context and individual career objectives.

Read our detailed analysis on this topic here.

If you complete the ACCA Qualification, you can use the designation 'Chartered Certified Accountant' (ACCA or FCCA). ACCA is a globally recognised professional qualification that will open doors to many career opportunities.

The ACCA (Association of Chartered Certified Accountants) membership provides numerous benefits, including:

- Professional development opportunities, such as access to the latest technical resources, CPD modules and e-learning tools
- A global community of like-minded professionals to collaborate and share knowledge with
- The ability to connect with employers through the ACCA Jobs service
- Eligibility for reduced rates on a range of products and services, such as insurance, stationery and more

FCCA stands for Fellowship of the Association of Chartered Certified Accountants. To become a Fellow, members must have five years of professional experience and meet continuing professional development requirements. FCCA members can use the post-nominal letters FCMA(UK) or FCCA(Cy).

FCCA is a prestigious title that certified accountants can use to demonstrate their experience and professionalism. It may also help them command higher salaries and progress within their chosen organisations.

The consequences of non-payment of the annual subscription fees are

As a member:

1) you can't call yourself an ACCA member, and you won't be able to use the ACCA name or logo. 

2) You also won't be able to use any resources, including the online resources. 

3) if you're working as an accountant, you may be unable to use the term "ACCA-qualified" or "ACCA-registered". 

4) If your membership expires and isn't renewed within three years. In that case, your name will be removed from the Register of Members.

5) If you need to apply for CPA accreditation with another accounting body like CPA Australia or Canada, you will be required to furnish a good standing certificate from ACCA for five years. If you haven't paid your membership fees, you won't be able to get your good standing letter

As a student

1) You will not be able to use the ACCA members' website or log into MyACCA. You will lose access to many resources, including past exam papers and helpful articles. 

2) You will no longer be eligible to sit the examinations or progress through the qualification.

3) You won't be able to pursue any other qualifications with ACCA like the DIPIFR

If this is something that happens accidentally, then it is usually quickly resolved by simply paying the outstanding amount of 89 GBP.

If you're looking to become a chartered accountant in the United States, the value of the ACCA qualification cannot be understated. To be accepted into one of the regional accountancy bodies that confer chartered status (such as the AICPA), you must have completed an accredited course of study from a college or university and have spent at least two years working in the accounting field. The Association of Chartered Certified Accountants (ACCA) is globally recognized as one of the leading institutions for providing such accredited courses, and their stamp of approval on your degree will go a long way in getting your foot in the door with some of the top accounting firms in America.

The Association of Chartered Certified Accountants (ACCA) is the global professional accountancy body. It was founded in London, England, in 1904. ACCA is a self-regulating and independent organization that awards the internationally-recognized ACCA qualification.

Today, there are over 145,000 members and students in almost 200 countries and territories around the world.

ACCA has a strong presence in Africa and Asia Pacific, with a growing membership base in Europe. ACCA works closely with other international organizations to promote good governance and sound financial management globally.

It is a difficult question because it depends on your specific situation and goals.

However, in general, we would say that the CA (Chartered Accountant) certification is better for those interested in pursuing a career in accounting and finance.

In comparison, the CFA (Certified Financial Analyst) certification is better for those interested in investment banking or portfolio management.

The ACCA (Association of Chartered Certified Accountants) certification is more internationally recognized than the CA or CFA, so it may be worth considering if you're interested in working abroad.

Ultimately, though, the best way to decide which certification is proper for you is to speak with experts in each field and get their advice.