Acca - introduction and qualifications

ACCA- Introduction and Qualifications

ACCA- Introduction and Qualifications

 ACCA stands for the Association of  Chartered Certified Accountants. This course has been started in the year of 1904. Where there are thousands of people who have successfully rewarded careers in accountancy. The motto of this course is “The Global Body For Professional Accountants”.

ACCA’s headquarters are in London with a principal administrative office in Glasgow. ACCA supports 219,000 members and 527,000 students on their career basis. Basically, it is an international course so all over the world it contains 110 offices and centers. The Association of Authorised Public Accountants (AAPA), is one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996. 

ACCA actively seeks to enhance the value of accounting in society through international research. 

This course has the 13 professional examinations, three years of supervised, relevant accounting experience and ethics, and then it enables an individual to become an ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS(ACCA) It provides the ACCA professionals examinations are offered four times yearly in March, June, September, and December as paper-based exams. From September 2018 onward, the syllabus comprises 13 examinations and an ethics and professional skills module (EPSM), although some exemptions are available. In April 2019 a data analytics unit was added in EPSM.

The qualification is structured in three modules, plus an ETHICS AND PROFESSIONAL SKILLS MODULE (EPSM) and PROFESSIONAL EXPERIENCE REQUIREMENT (PER).

The applied knowledge level has 3 examinations :
  • F1- ACCOUNTANT IN BUSINESS(AB).
  • F2- MANAGEMENT ACCOUNTING(MA).
  • F3- FINANCIAL ACCOUNTING (FA).
The applied skills level consists of 6 examinations :
  • F4- CORPORATE AND BUSINESS LAWS(LW).
  • F5- PERFORMANCE  MANAGEMENT(PM).
  • F6- TAXATION(TX).
  • F7- FINANCIAL REPORTING(FR).
  • F8- AUDIT AND ASSURANCE(AA).
  • F9- FINANCIAL MANAGEMENT(FM).
The strategic professional level involves 4 examinations :

2 FROM ESSENTIAL AND ANY 2 FROM OPTIONS:

ESSENTIAL :
  • F10- STRATEGIC BUSINESS LEADER(SBL).
  • F11- STRATEGIC BUSINESS REPORTING (SBR).
OPTIONS:
  • AFM- ADVANCED FINANCIAL MANAGEMENT.
  • APM- ADVANCED PERFORMANCE MANAGEMENT.
  • ATX- ADVANCED TAXATION.
  • AAA- ADVANCED AUDIT AND ASSURANCE
 Foundation level, but it is recommended that students without any formal academic qualifications start with the Introductory Diploma in Financial and Management Accounting and complete exams Recording Financial Transactions (FA1) and Management Information (MA1); then progress to the Intermediate Diploma in Financial and Management Accounting and complete exams Maintaining Financial Records (FA2) and Managing Costs and Finance (MA2); before progressing to the Diploma in Accounting and Business and completing Accountant in Business (FAB), Management Accounting (FMA) and Financial Accounting (FFA).



In order to achieve a certificate for the exams completed students must also complete a foundation ethics module called Foundations in Professionalism, but this only has to be completed once, even if a student wishes to achieve both certificates and the diploma.

The Foundation-level exams are available as paper-based exams held in March, June, September, and December or as on-demand computer-based exams throughout the year at ACCA licensed exam centers.

Whereas you can also work on the other type of qualifications like:

BSc (Hons) in Applied Accounting, offered in association with Oxford Brookes University. 

MSc in Professional Accountancy offered in association with the University of London

Global MBA (for full ACCA members), offered in association with Oxford Brookes University

Certificate in International Financial Reporting (Cert IFR), offered both in English and Spanish

Diploma in International Financial Reporting (Dip IFR), offered both in English and Russian

Certificate in International Auditing (Cert IA), offered both in English and Spanish

Certificate in International Public Sector Accounting Standards (Cert IPSAS), offered both in English and Arabic

Certificate in Business Valuations in partnership with the French

Chartered Accountants Institute (CSOEC), offered both in English and French.

WITH THIS QUALIFICATIONS YOU WILL HAVE 6 MONTHS ARTICLE SHIP.




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