The film, directed by Michael Lennox, received its nomination in the live action short category.
Boogaloo and Graham is about two young boys who discover the facts of life with the help of their pet chickens.
It star tars Belfast actor Martin McCann and Charlene McKenna.
Director Michael Lennox said: “It is really overwhelming and such an honour for all the cast and crew involved to be recognised by the Academy.”
The short film was written by Ronan Blaney and produced by Brian Falconer.
Another NI film, SLR, was selected for the Academy Awards long-list in the same category but was not chosen to compete at the Oscars next month.
The Academy Awards will be held next month in Hollywood.