The ACCA Qualification embeds the global accounting education standards set by the International Federation of Accountants (IFAC). There is a strong focus on professional values, ethics, and governance. These skills are essential as the profession moves towards strengthened codes of conduct, regulation, and legislation – with an increasing focus on professionalism and ethics in accounting. These are examined at the highest level in the ACCA Qualification and are a core element of your practical experience requirements.
1: Preparing and analysing financial accounts and reports, and giving appropriate professional advice ;
2: Preparing and analysing management accounting reports, measuring, assessing and managing performance – giving appropriate professional advice ;
3 :Understanding the implications for – and constraints on – accountants and managers imposed by corporate and business law;
4: Preparing tax computations and giving professional advice on a range of taxation issues with regards to personal and corporate taxation;
5: Recognising the role of internal and external auditing with respect to financial review, control, accountability, and assurance ;
6: Applying financial management theory and techniques in the interests of sustainable and responsible value creation, and giving appropriate professional advice on financing, investment, and distribution ;
7: Managing the strategic direction of an organisation and supporting business strategy through implementing business process change by applying appropriate project, systems, and people management techniques and theories; and
8: Appreciating that an accountant must embrace and adhere to a set of professional values and behave within an ethical framework, showing responsibility to stakeholders through operating within an effective system of governance, internal control, and risk management.
1: Employees with significant accounting responsibilities wishing to develop their practical and theoretical knowledge in the accounting area;
2: Jobholders who seek to gain a specialization within the accounting area, underpinned by rigorous conceptual knowledge capable of deployment in a vocationally useful way;
3: International students aiming to achieve a world class professional qualification in accounting.
The Fundamentals level is divided into two modules – Knowledge and Skills. The Knowledge module introduces students to the core areas of financial and management accounting. This provides the platform from which the other technical accountancy areas will be studied in greater detail in the Skills module. The Skills module contains six subjects which comprehensively cover the main technical areas that any accountant – regardless of their future career aspirations – are expected to have mastered. These comprise law, performance management, taxation, financial reporting, auditing, and financial management.
The Professional level is divided into two modules – Essentials and Options. Both modules have been set at an intellectual level equivalent to that expected of a student taking a Masters degree. The focus of the syllabus at this level is to build upon the technical skills already acquired, and explore more advanced professional skills, techniques, and values that are required and used by the expert accountant acting in an advisory or consultancy role at a senior level. All students must complete the three papers in the Essentials module. The Options module contains four papers. These are directly underpinned and supported by their equivalent within the Skills module in the Fundamentals level. These exams assess the more advanced and sophisticated techniques that a professional needs in order to specialise in specific areas at work, or to follow as a career pathway in an advisory or consultancy role. Students select two out of four Option papers and are advised to choose the options that relate to their chosen or anticipated field of work.
There are 16 papers in total but you only need to pass 14 papers (unless you have been awarded exemptions), because you only choose two out of four option papers in Professional-Options stage.
FUNDAMENTALS (9 Modules)
Knowledge
F1
Accountant in Business (AB)
F2
Management Accounting (MA)
F3
Financial Accounting (FA)
Skills
F4
Corporate and Business Law (CL)
F5
Performance Management (PM)
F6
Taxation (TX)
F7
Financial Reporting (FR)
F8
Audit and Assurance (AA)
F9
Financial Management (FM)
PROFESSIONAL (5 Modules)
Essentials
P1
Professional Accountant (PA)
P2
Corporate Reporting (CR)
P3
Business Analysis (BA)
Options (Any 2)
P4
Advanced Financial Management (AFM)
P5
Advanced Performance Management (APM)
P6
Advanced Taxation (ATX)
P7
Advanced Audit and Assurance (AAA)
Check more information on the New ACCA Qualification and Conversion arrangements.
Students will be encouraged to complete their three years' relevant practical experience alongside completing their ACCA exams and will need to complete an annual return each year indicating which performance objectives they have achieved and how long they have been working in a relevant accounting role. However, students will still be allowed the flexibility of gaining their relevant practical experience before, during or after passing their exams.
Practical Experience Requirement (PER)
A key component of the ACCA Qualification is gaining relevant practical experience. As an ACCA member, you will need to be equipped with the relevant skills and knowledge to meet different challenges in your career. ACCA’s practical experience requirement (PER) enables you to apply the knowledge gained through your exams; and develop the skills, attitudes and behaviours that you will need to demonstrate as a qualified accountant. PER provides a framework for achievement, confirming effective and sustainable workplace performance, making you a more valuable employee.
Key features of the PER
Under the ACCA Qualification, the PER:
1: Sets clear expectations of what you should be able to do in the workplace. These expectations are set out as performance objectives and give you the chance to show achievement in the workplace.
2: Is goal-driven, so you are encouraged to set targets, plan development, and mark progress along with your employer.
3: Provides simple and clear progress-reporting tools, which will help both you and your employer get the most out of the process.
4: Is underpinned by a new, online trainee development matrix (TDM) which will allow your employer to undertake a more proactive and purposeful approach to developing you through tracking your progress and achievement towards goals .
5: Comprises a mix of performance objectives that are classified as either Essentials or Options. These describe the types of work activities you will be involved with in addition to the values and attitudes you should demonstrate as you fulfil your requirement .
6: requires you to complete an annual return.
Entry Requirements
The minimum entry requirements are two A levels and three GCSEs in five separate subjects, including English and Maths, or equivalent.
Individuals over 21 years who do not meet the minimum entry requirements may register through the Mature Student Entry Route (MSER). This is designed for students who have the maturity and skills to deal with the ACCA Qualification instead of first undertaking the Certified Accounting Technician (CAT) qualification. MSER students must pass the equivalent of Paper F2, Management Accounting and Paper F3, Financial Accounting within two years of registering.
Certified Accounting Technician (CAT) Qualification
This is ACCA's vocational, open- entry introduction to accounting. Applicants who are 16 years or older can complete ACCA's CAT qualification. Students who complete CAT will be given exemption from the Knowledge module (Paper F1, Accountant in Business, Paper F2, Management Accounting, and Paper F3, Financial Accounting). CAT passed finalists will be automatically transferred over to the ACCA syllabus if they opted for automatic transfer when they initially registered for the CAT qualification.
Exemptions
Your previous qualifications may entitle you to exemptions from certain ACCA examinations. This will ensure that your point of entry is the most suitable for your level of knowledge and skills and will prevent you repeating areas with which you are already familiar. The ACCA database shows many of the qualifications which can be accepted for exemption. Students are advised to monitor the database regularly as ACCA's exemption policy is subject to change and assessments may be added or revised without prior notice.
ACCA's exemption policy is subject to change, and assessments may be revised without prior notice. Students are strongly advised to obtain written confirmation of their exemption status from ACCA before embarking on any course of study.
No exemptions are available from Professional level exams. Relevant degree holders from ACCA-accredited institutions may be awarded exemptions for up to all nine exams within the Fundamentals level and register directly at the Professional level. CAT passed finalists will be awarded exemptions from the Knowledge module - Paper F1, Accountant in Business, Paper F2, Management Accounting, and Paper F3, Financial Accounting.
Check Online for Exempetions
* international students will have to register with ACCA before joining the college for ACCA training.
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