Taking the Next Step: Find your ACCA Diploma in IFRS Eligibility for 2024

by Eduyush Team

ACCA Diploma in IFRS Eligibility

Are you looking to take your accounting career to the next level? Then, the ACCA Diploma in IFRS is what you need.

The ACCA DipIFRS is an internationally recognized certification demonstrating your International Financial Reporting Standards (IFRS) expertise.

This diploma is designed to equip you with the knowledge and skills to apply IFRS in various business contexts, making you a valuable asset to any global organization.

Take our IFRS eligibility selector tool instead and know your eligibility within 2 minutes

By obtaining the ACCA DipIFRS, you can gain a competitive edge in the job market and improve your job prospects with lucrative salaries. This certification can help you to advance your career and increase your earning potential. Moreover, with IFRS being increasingly adopted worldwide, this diploma can open up new opportunities for you in local and international markets.

 If you're interested in obtaining the ACCA DipIFRS, take the first step today by checking your eligibility. 

Diploma in IFRS eligibility in brief

Critical Points Summary
Eligibility Criteria

1. ACCA qualification or equivalent.

2. Bachelor's or master's degree with relevant three-year work experience.

3. Other professional qualifications with accounting work experience.

4. CA students with three years of articleship.

Ineligible Qualifications

1. Company Secretary (ICSI).

 2. Cost Accountant from ICWAI without three years of work experience.

3. CMA US, CFA, and any undergraduate degree except B.Com in India.

Considerations for BCom Students

1. Strong background in accounting standards.

2. Practical exposure to financial reporting practices under IFRS.

3. Recommended minimum study duration of 250 hours.

Eduyush Assistance

As an approved ACCA partner, Eduyush offers discounts on registration fees, tuition, and BPP books.

    Best books on IFRS. Top 4 updated

    Understanding the eligibility criteria for ACCA Diploma in IFRS

    To be eligible for the ACCA ACCA DipIFRS, you must have completed one of the following qualifications:

    • ACCA Qualification or equivalent like a CA, CPA etc
    • Relevant bachelor's or master's degree from a recognized university with at least two years of relevant work experience in accounting.
    • Other relevant professional qualifications with at least three years of relevant work experience in accounting.
    • Students pursuing CA and finished their three year articleship. 

    Can B.com students do Diploma in IFR

    While (ACCA offers a pathway for Bachelor of Commerce (BCom) graduates with two years of work experience to pursue its Diploma qualification, it's essential to consider the implications carefully.

    While this opportunity may seem attractive at first glance, it's crucial to weigh the pros and cons before committing.

    One significant factor to consider is the pass rates, which have historically been below 10% for Bcom students for this qualification. We recommend Bcom students if they fulfil the below three criteria only to apply for Diploma in IFRS

    Considerations for BCom Students:

    1. Strong Background in Accounting Standards: BCom students considering a Diploma in IFRS should, therefore, have a solid understanding of accounting principles and standards. Furthermore, a strong academic background in accounting courses provides a robust foundation for grasping the complexities of IFRS

    2. Practical Exposure: Moreover, practical experience in applying accounting standards in real-world scenarios is invaluable for comprehending the practical implications of IFRS. Therefore, students working in companies where they have exposure to financial reporting practices under IFRS are better equipped to understand the nuances of the standards.

    3. Time to study: Additionally, the rigorous nature of the ACCA Diploma demands a significant commitment of time and effort, with a minimum recommended study duration of 250 hours

    Recommendation:

    In conclusion, while the ACCA Diploma pathway may seem appealing for BCom graduates, it's crucial to carefully assess the requirements and potential challenges involved, including the low pass rates and the significant time commitment of at least 250 hours of study.

    For those who do not fulfill the criteria or prefer an alternative route, considering the AICPA IFRS certification could be a viable option.

    Furthermore, this certification provides comprehensive training in International Financial Reporting Standards (IFRS), making it an ideal choice for individuals aiming to strengthen their expertise in this domain.

    In conclusion, aspiring accounting professionals should thoroughly explore all available pathways and opt for the one that most closely aligns with their career goals and aspirations.


     

    Qualifications which are not eligible for ACCA DIPIFR

    Many Finance professionals who want to do IFRS may not be eligible. We do get a lot of inquiries, and we advise the following professionals to take the AICPA IFRS certification instead

    Qualifications not eligible for ACCA Diploma in IFRS

    1) Company Secretary from the Institute of Company Secretaries of India (ICSI)

    2) Cost Accountant from ICWAI unless he has three years of Work experience

    3) CMA US 

    4) CFA

    5) Any undergraduate degree apart from B.com in India

    IFRS Certification After BCom: AICPA vs. ACCA

    You may still be eligible for an IFRS certification if you meet the above criteria. Check out the IFRS certification offered by the American Institute of Certified Public Accountants or the AICPA.

    Please speak to our teams today to better understand your eligibility or to understand your requirements. We do enrol students world over and help them get their discounts on registration and BPP books.

    When should one take the ACCA DIPIFR exam

    Exam structure and format for ACCA DipIFR

    The ACCA DipIFRS is a comprehensive qualification that covers all aspects of international financial reporting standards. The exam is examined into two parts:

    • Part 1: Principles of IFRS
    • Part 2: Application of IFRS

    The ACCA DIPIFR is a 3-hour exam set and marked by ACCA. The exam format includes a consolidation question and 5-8 case study-based questions, which test your ability to apply IFRS principles to real-world situations. You'll need to score 50% to obtain the Diploma in IFR by ACCA. 

    How to pass the ACCA Diploma in IFR, hear stories of successful students.

    ACCA Diploma in IFRS Eligibility and job opportunities

    ACCA diploma in ifrs eligibility jobs

    Holding the ACCA DipIFRS can significantly enhance your job prospects, as it demonstrates your expertise in international financial reporting standards. Some of the job roles that may benefit from this qualification include:

    • Financial Analyst
    • Financial Controller
    • Auditor
    • Accountant
    • CFO

    Employers across various industries, including banking, finance, and accounting, value the ACCA Diploma in IFRS, as it shows that you thoroughly understand these standards. This qualification can help you stand out in a competitive job market and open new career opportunities.

    IFRS Diploma: From Zero to Hero in Just a Few Steps

    Overview of ACCA Diploma in IFRS Fees and registration process

    The fees for the ACCA DipIFRS vary depending on your location and study mode. The fees typically include registration, tuition, and exam fees. 

    Eduyush is an approved ACCA partner who can help you get discounts on the initial registration fees, tuition, and BPP books. Please get in touch with our teams for a free consultation or browse our program page.

    How to find a good IFRS Training course provider

    Conclusion

    The ACCA DipIFRS is a highly regarded qualification that can significantly enhance your career prospects in the accounting and finance industry. You must have completed one of the recognized qualifications or have sufficient work experience to be eligible.

     Holding the diploma can open up new job opportunities across various industries and demonstrate your expertise in this area. If you're interested in pursuing the ACCA Diploma in IFRS, review the eligibility criteria and exam format, and consider enrolling with Eduyush's IFRS course program.


    FAQs

    Yes, you don't need to be an ACCA member to take the diploma. However, you'll need to meet the eligibility criteria mentioned earlier.

    The diploma can be completed in 6-12 months, depending on your study schedule and availability.

    Yes, the diploma is recognized globally and highly regarded in the accounting and finance industry.

    To apply for the ACCA Diploma in IFRS, you must first check your eligibility as per our blog above.

    If you are eligible, you can then apply online by completing the application form and submitting the required documents on accaglobal.com or alternatively you can enrol via Eduyush.com and avail a discount on your registration fees. Eduyush will handle your document submission with ACCA.

    Eduyush can register you, we will share with you forms which you need to fill and self attest

    No, Self attestation and declaration is enough. Eduyush teams will guide you on the same

    No, you must have at least two years of relevant work experience to be eligible for the ACCA Diploma in IFRS program.

    Degrees in accounting, finance, business, or a related field are considered relevant for eligibility for the ACCA Diploma in IFRS program

    No, there is no age limit for eligibility for the ACCA Diploma in IFRS program.

    Yes, citizenship is not a requirement for eligibility for the ACCA Diploma in IFRS program.