ACCA Information - click on grey bars to expand
1. About ACCA
The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values which will deliver finance professionals who are capable of building successful careers across all sectors, whether they are working in the public or private sectors, practising in accounting firms, or pursuing a career in business.
In order to qualify as an ACCA member, you will need to complete:
• 14 exams (nine of which are eligible for exemption)
• relevant practical experience, with a minimum of three years
• a Professional Ethics module.
Foundations in Accounting (FIA)
ACCA has also launched a new qualification called Foundations in Accounting. Students can study towards individual certificates and diplomas in Accounting on route to CAT or ACCA.
The qualifications are:
Introductory certificate in Financial and Management Accounting (2 papers)
Intermediate certificate in Financial and Management Accounting (2 papers)
Diploma in Accounting and Business (3 papers - same as first 3 ACCA papers)
Note - No prior qualifications are required and students can enter at any level.
Find out more about ACCA – www.accaglobal.com
2. ACCA exemptions and registration
Minimum entry requirements
• Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.
• No qualifications required for the Foundations in Accounting Programme.
• Relevant degree holders from ACCA-accredited institutions may be exempted from all nine exams within the Fundamentals level and register directly at the Professional level. Degrees with some relevance may also qualify for exemptions
Access to ACCA via Foundations in Accounting qualification
• No academic qualifications required
• Sit Diploma in Accounting and Business
• Transfer to the Skills module of the ACCA Qualification by claiming exemption from the first three papers in the Knowledge module.
3. Onestudy - ACCA tuition
Onestudy - ACCA tuition timetable
Classes and Materials
The class sizes will be limited to 20 to ensure that the learning experience is less intimidating and a more mentoring approach to learning takes place.
We work with Kaplan for our course notes and they encompass:
1. Interactive workbook (sample attached)
2. A6 pocket notes
3. Text book - Hard copy and PDF for you to download
4. Three mock exams
7.Access to Engage - Interactive study plus a bank of tests
4. Exams and fees
You will need to complete 14 papers in total and a professional ethics modulel. A maximum of nine papers in the Fundamentals level are available for exemption.
FUNDAMENTALS (nine papers in total)
F1 Accountant in Business (AB)
F2 Management Accounting (MA)
F3 Financial Accounting (FA)
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 (five papers in total)
P1 Professional Accountant (PA)
P2 Corporate Reporting (CR)
P3 Business Analysis (BA)
Options (two to be completed)
P4 Advanced Financial Management (AFM)
P5 Advanced Performance Management (APM)
P6 Advanced Taxation (ATX)
P7 Advanced Audit and Assurance (AAA)
FA1 - Recording Financial Transactions
MA1 - Management Information
FA2 - Maintaining financial records
MA2 - Managing costs and finances
FAB - Accounting in Business
FFA - Financial Accounting
FMA - Management Accounting
2 options from:
FTX - Foundations in Tax
FAU - Foundations in Audit
FFM - Foundations in Financial Management
The aim of the Professional Ethics Module is to give the student exposure to a range of ethical perspectives. Students get access to the module online. Students can return to the module at any time to 'top up' or check their awareness of professional ethics.
All FIA modules and F1, F2 and F3 involve a Computer Based Examination. The cost of these examinations is £90 + GST (if applicable)
5. Applying for membership - ACCA
To begin achieving your PER, you need to be working in an accounting or finance-related role. You may feel that the opportunities to achieve your PER in your current role are limited, but you should consider the options available to you before you decide to seek alternative employment.
If you are a full-time student or are not working in a relevant role, you may want to start thinking about what steps you will need to take in the future to gain the practical experience you need in order to become a member.
There are four components to your PER:
• completing three-years' employment in an accounting or finance-related role(s)
• achieving the nine Essentials and any four Options performance objectives to the satisfaction of your workplace mentor
• recording and reporting your PER progress through the trainee development matrix (TDM)
• making a PER return each year.
You can gain your practical experience before, during or after completion of the exams. There is no time limit to gaining practical experience and applying for ACCA membership. However, the performance objectives are closely linked to the exam syllabus and it is recommended that you co-ordinate your study and practical experience achievement.
You should aim to get your employer's support to help you gain the PER and you will also need to work closely with your workplace mentor.
Trainees who work for an Approved Employer approved under the Trainee Development stream at either gold or platinum level are automatically eligible for an exemption from the requirement to complete a Trainee Development Matrix (TDM) as part of ACCA's Practical Experience Requirements (PER).
6. Progressing through the syllabus
To satisfy the exam requirements which are necessary to become an ACCA member, students must pass or be exempted from all nine exams in the Fundamentals level, pass all three exams in the Essentials module, and successfully complete two Options module exams in Professional level. Under the new qualification, there is no requirement for students to sit and/or pass any of the exams together, including the three Essentials module exams in the Professional level.
Students are expected to study each module – Knowledge, Skills, Essentials and Options – in order. Students may attempt a maximum of four exams at any one sitting. Papers may be attempted from different modules at the same sitting as long as the modules are attempted in order. Students may vary the order they attempt exams within each module but they may not vary the order of the modules. However, ACCA strongly recommends that papers within a module are taken in order.
Students can take a maximum of four exams every six months.
ACCA connect, 2 Central Quay, 89 Hyde Park, Glasgow, G3 8BW,
Telephone - 0141 582 2000, Fax - 0141 582 2222
General enquiries email@example.com
Student enquiries firstname.lastname@example.org
Member enquiries email@example.com
8. Contact Onestudy for an ACCA consultation