DipIFRS vs CertIFRS

Buy Original ACCA Books | View our BPP accreditation | now delivering over 19000+ Pin codes

DipIFRS vs CertIFRS

WHAT IS IFRS?

IFRS is short form of International Financial Reporting Standards. It is derivative from the pronouncements of the London-based International Accounting Standards Board (IASB). It is right now, the mandatory accounting framework across 150+ countries. 

 The ACCA certification program on  IFRS is for the finance professionals who wish to have a knowledge and understanding of International Financial Standards. It increases the employability of students by opening the doors of global opportunities as IFRS is mandatory compliance in more than 150 nations across the globe.

 We register students for the ACCA DIPLOMA IFR at a discount, click here to read more

IFRS CERTIFICATION VIS-À-VIS DIPLOMA IN IFRS

Eligibility: The eligibility criteria differ with whether a student wants to do a Certification or a Diploma

Certification:  There is no strict eligibility for doing certification. Candidate should be 18+ and a candidate should have basic knowledge of accounting standards to pursue the certification program.

Diploma: Qualified Chartered Accountants working independently or in a set up are qualified to appear for DipIFRS examination.


If you are working, but not yet qualified, then you may still be eligible. You will need to prove that you have one of the following:

  • Two years' relevant accounting experience and a relevant degree or CERTIFR
  • Three years' relevant accounting experience
  • ACCA affiliate status or a Chartered Accountant

 The table below illustrates the basic differences between a CertIFR and DIPIFR

 

Details  CertIFR DipIFR
Exam location Online At Centre
Exam time 1 hour 3 hours 15 minutes
Fees 130 GBP 206 to 230 GBP 
Passing score 50% 50%
Type of exam Open book Proctored exam
Number of attempts 3 1
Preferred study material N/A BPP books
Exam results Immediate on completion ~ 45 days
Enrollment criteria Anyone  CA or anyone with 3 years of experience in finance
Recognition with recruiters Poor as its an easy exam, usually taken by students undergoing graduation Extremely high

 

Eduyush Recommendation : Diploma in IFRS, as its a written exam, makes you learn IFRS in-depth, and is more recruiter friendly.

SCOPE AND BENEFITS OF STUDYING DIPLOMA IN IFRS

IFRS has scope in industries like IT, ITES, Software, Pharmaceutical, Automobile & Spare Parts, Professional Advisory Companies, Auditing Firms, Banking Industry, BPO, Insurance, KPIs, etc.

  • Skilled and experienced IFRS experts with thorough knowledge can launch their own financial consultancies to help companies migrate to IFRS
  • Hands-on knowledge of these worldwide principles and standards will open doors across the globe as more than 150 countries are using.
  • Using and applying accurately these standards is considerably complex process and is time-consuming as well which underlines the importance of IFRS professionals
  • Continuous modifications in these standards by regulators is all the more generating a requirement for IFRS professionals with an exhaustive understanding of these standards
  • Hence, there is a huge need to train professionals about IFRS in India in order to get prepared for IFRS convergence.

Not only would IFRS be a world-class qualification, but also a great professional advantage to have global skills, broader & essential knowledge. It gets an A+ on your resume, a greater recognition and better prospects.

Completing Diploma in IFRS is definitely the best thing to do and not just the Certification!

If you would like to start your Diploma in IFRS journey, please call us at +919643308079 or click here to learn more

Related Posts

How should you be mentally conditioned to write the ACCA exam
How should you be mentally conditioned to write the ACCA exam
What is mental conditioning? Exam anxiety can quickly send you into a tailspin, causing you to second-guess yourself, ma
Read More
ACCA DipIFR exam rules and regulations
ACCA DipIFR exam rules and regulations
Are you beginning to think the ACCA DIPIFR exam is similar to a survival outing where you must learn how to exist in a v
Read More
8 study strategies to help you clear the ACCA DIPIFR exam
8 study strategies to help you clear the ACCA DIPIFR exam
Are you studying to remember the material, or are you simply studying to pass the time? Of course you want to remember t
Read More
ACCA DipIFRS study plan
ACCA DipIFRS study plan
Read our study plan guide if you are registered for ACCA's DIPIFR exam. This blog will give you insights on how to prepa
Read More

Leave a comment

Please note, comments must be approved before they are published