ACCA Information

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.
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.
Find out more about ACCA – www.accaglobal.com

Entry requirements
Minimum entry requirements
• Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.
• Full information on the minimum entrance criteria for each country is available in the ‘related documents’ section.
Mature Student Entry Route (MSER)
• Normally over age 21
• no academic qualifications required
• must pass the equivalent of Papers F2, Management Accounting and F3, Financial Accounting within two years before further progression to the ACCA exams is permitted.
Graduate-entry route
• 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 CAT qualification
• no academic qualifications required
• sit Certified Accounting Technician
• (CAT) qualification first and then transfer to the Skills module of the ACCA Qualification by claiming exemption from the first three papers in the Knowledge module.
ACCA exemptions check - https://portal.accaglobal.com/accaweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx
ACCA registration-
https://portal.accaglobal.com/accaweb/faces/page/public/registrations/XxReceivedApplicationsVOApplicationDetails.jspx?source=W
 

Onestudy - ACCA tuition
Onestudy have developed a tuition plan for ACCA as follows:
Intro and Interim course covered in weekly sessions of 3 hours each week, followed by a two or three day revision course. One of the revision days will be on a Saturday. The introduction and Interim course sessions will either be morning (9am- 12pm), afternoon (1.30pm – 4.30pm) or evening (5.30 – 8.30).
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 (http://www.kaplanfinancial.co.uk/) 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
5.Revision course
6.Question bank
7.Access to Engage - Interactive study plus a bank of tests http://www.en-gage.co.uk/aboutEn-gage/benefit.html

 

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)
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 (five papers in total)
Essentials
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)
 

Ethics
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 when they become eligible to take Paper P1, Professional Accountant. They should complete it before, at the same time as, or soon after that paper - but they must complete it before applying for membership. Students can return to the module at any time to 'top up' or check their awareness of professional ethics. 

Fees - http://www.accaglobal.com/students/study_exams/exams/fees
 

CBEs will continue to be available throughout the year at ACCA licensed centres. The paper-based exams will also continue to be offered in June and December over an eight-day period, with one session of exams each day. Therefore it is not possible to sit exams that are held on the same day eg you cannot sit Paper F6, Taxation with Paper P6, Advanced Taxation.

Results

Once you have subscribed to the online exam results service, you will  receive your exam results by e-mail until you have completed all your exams or decide to unsubscribe from the service.
Results are out mid August for June exams and Mid February for December exams

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).
This is effective from 1 January 2007. Trainees are simply required to submit an annual declaration confirming they are employed by an Approved Employer who holds gold or platinum approval. The exemption is a great benefit for both trainees and employers and minimises ACCA compliance requirements.
 

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 info@accaglobal.com

Student enquiries students@accaglobal.com

Member enquiries members@accaglobal.com