ACCA-DipIFR Exam Eligibility
Why ACCA DipIFR :
More than 140 countries require or permit the use of International Financial Reporting Standards for their select class of companies. India has also mandated certain class of companies to follow Ind AS (converged with International Financial Reporting Standards) for financial reporting purpose.
The companies are currently focussing on recruiting the employees who have knowledge of Ind AS and other global financial reporting standards. Accordingly, the demand for professionals with knowledge in Global Financial Reporting Standards / Ind AS is increasing at rapid pace.
DipIFR is an international qualification in International Financial Reporting Standards accredited by the leading professional accounting organization – ACCA which is based in UK. DipIFR course is designed to develop working knowledge on International Financial Reporting Standards, providing an in-depth understanding of the concepts and principles and their practical application.
On Completion of This Program the Participants Will Acquire :
- In-depth understanding of key International Financial Reporting Standards principles and rules.
- Skills necessary for preparing financial statements.
- Experience in developing professional judgment on practical application.
- Understanding of key differences between Indian GAAP, Ind AS and International Financial Reporting Standards.
DipIFR exam is assessed by a single three-hour Computer Based Exam (CBE), which is held twice a year in June and December at ACCA’s exam centres, including Pune and other centres in India. The pass mark is 50%.
The exam paper is divided in two sections. It contains a mix of computational and discursive elements. Some questions adopt a scenario/case study approach. Section A includes a mainly computational question and Section B contains a mix of computational and discursive questions.
Who Is DipIFR For:
- CFOs/ Finance Directors
- Practicing CA, CS & CMA
- Finance Controllers
- Accountants and Analysts
- Investment bankers
- Professionals working in the Mergers and Acquisitions Department
- Professionals involved in auditing, reporting, accounting and finance domain
- Accounting professionals working in KPOs / BPOs, shared service centres and back offices
Who is Eligibile for DipIFR?
- If you are a professional accountant or auditor engaged in practice or business, and are qualified according to national accounting standards, then you are eligible to take this ACCA financial reporting qualification (For e.g. Chartered Accountant holding valid membership certificate).
- If you are a working professional, but not yet qualified as required above, then you may still be eligible. You will need to prove that you have one of the following:
- A relevant degree plus two years’ relevant accounting experience*
- An ACCA certificate in International Financial Reporting plus two years’ relevant accounting experience*
- Three years’ relevant accounting experience*
- ACCA affiliate status
*By submitting experience letter in a specified format. CA Article-ship experience of 3 years may be considered relevant for work experience criteria
Documents required for exam registration:
A. For a qualified Chartered Accountant (CA) with membership certificate:
- CA Membership Certificate (Please note: Member Card / Marksheet is not accepted)
- Date of birth proof (PAN / passport)
- Address proof (Driver’s license / passport)
- Identity proof (PAN / passport)
B. Qualified CA without a membership certificate:
It is required to share all the documents mentioned in the point “C” below i.e.,all the documents that a candidates other than qualified CA will provide.
C. For Candidates other than a qualified CA:
- B. Com / M. Com degree certificate received from university.(Please note: Marksheet is not accepted)
- Experience letter/certificate on company’s/organisation’s letterhead (mentioning tenure in the company & work profile)
- Duly filled in and self-attested‘Experience Confirmation Form’(Pls find attached the format in PDF). Please note that experience is required in the field of accounting/ finance/ audit domain. Along-with,Form no.108 for CA article-ship / internship experience is considered as relevant experience (attached herewith is the sample form) for reference
- Date of birth proof (PAN / passport)
- Address proof (Driver’s license / passport)
- Identity proof (PAN / passport)
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