The International Financial Reporting Standards (IFRS) are widely recognized and adopted accounting standards organizations use worldwide. If you want to enhance your knowledge and expertise in IFRS, obtaining an IFRS Diploma from the Association of Chartered Certified Accountants (ACCA) can be a valuable credential.
This blog will guide you through obtaining an IFRS Diploma from ACCA, providing you with a clear roadmap.
How to get an IFRS diploma?
- Understand the ACCA IFRS Diploma: The ACCA IFRS Diploma is a specialized qualification offered by ACCA. It is designed to provide in-depth knowledge and understanding of IFRS principles, applications, and financial reporting practices.
- Assess Eligibility: Before embarking on the IFRS Diploma journey, ensure that you meet the eligibility criteria set by ACCA. This typically includes having relevant academic qualifications or professional experience in accounting or finance. Visit our detailed blog to review the specific eligibility requirements for the IFRS Diploma program.
- Enrol in the Program: Once you've determined your eligibility, enrol in the ACCA IFRS Diploma program. At Eduyush, we have covered you by giving you complete flexibility with our recorded and live lectures and original ACCA-approved BPP DIPIFR books. You can also avail our discounted or free registration with ACCA
- Complete the Coursework: The IFRS Diploma program consists of various modules covering different aspects of IFRS. Complete the coursework, which typically includes studying materials provided by ACCA, attending Eduyush classes, taking quizzes to improve conceptual clarity and engaging in self-study.
- Prepare for Assessments: You must pass the ACCA exam to obtain the IFRS Diploma. The assessments test your understanding and application of IFRS principles in practical scenarios. ACCA provides study resources, practice questions, and mock exams to help you prepare for the assessments. Utilize these resources effectively, and with our WhatsApp study groups, you will remain secure during the entire process.
- Schedule and Take the Assessments: Once you feel adequately prepared, schedule the exams with ACCA. The assessments are computer-based exams that can be taken at designated exam centres. Be mindful of the exam dates and registration deadlines, and ensure you have all the necessary documentation and identification on the exam day.
- Successfully Complete the Exam: Demonstrate your knowledge and application of IFRS principles during the Exams. Answer the questions thoughtfully and refer to specific IFRS standards and guidance where applicable. ACCA will evaluate your responses, and upon successful completion, you will be one step closer to obtaining the IFRS Diploma.
- Receive the IFRS Diploma: After passing the exams with a score of 50%, ACCA will award you the IFRS Diploma. Congratulations! You have earned a prestigious qualification that demonstrates your expertise in IFRS.
If you do need help in registering and passing the Diploma in IFR exams, please do reach out to us
Conclusion: Obtaining an IFRS Diploma from ACCA is a valuable achievement that enhances your knowledge and credibility in international financial reporting. By following this step-by-step guide, you can navigate the process effectively and work towards obtaining the IFRS Diploma. Remember to stay focused and dedicated and utilize the resources provided by ACCA to maximize your chances of success. Good luck on your journey.
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.