ACCA

ACCA

The Association of Chartered Certified Accountants (ACCA) is a prominent accounting and auditing body in the United Kingdom. The association offers the ACCA course that leads to the qualification of Chartered Certified Accountant. ACCA consists of 14 papers and normally takes two to five years to complete. The ACCA examinations can be taken in either June or December each year. Students have a maximum time limit of 10 years from registration to complete the ACCA. After passing all modules and gaining 3 years of relevant practical experience, students can achieve full membership status of the ACCA. As part of their ethical development, students will be required to complete a Professional Ethics module before applying for full ACCA membership. The course syllabus is divided into 2 parts:
Fundamentals (nine papers in total)
Knowlegde 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) Entry Requirements and Exemptions
There are various entry points on to the ACCA Qualification, depending on your age and previous academic qualificaitons. Minimum entry requirements Two A levels and three GCSEs or equivalent in 5 separate subjects including English and Mathematics. Mature Student Entry Route (MSER) For entry to the ACCA professional qualification via the MSER, you must be over 21 years old. You must pass the equivalent of Papers F2, Management Accounting and F3, Financial Accounting within two years from the date of your first eligible ACCA examination session before further progression to the ACCA exams is permitted. Certified Accounting Technician (CAT) Qualification The CAT is ACCA's vocational introduction to accounting and is available to applicants 16 years or over. On completion of the CAT qualification, students are eligible for direct entry to skills module of fundamentals level of the ACCA. Exemptions Students who posses higher qualifications such as MBA, MSc in Finance or similar, 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. Students should contact the ACCA for further information before applying to LCC. Important Dates
Deadlines for registration, exemption claims and examination entry are as follows:
Examinations For June For December Registration 31 December 15 August Exemptions 31 January 31 July Examination Entry 15 April 15 October Students completing Fundamentals level, the Professional Ethics module and by demonstrating their research, analysis, interpersonal, and IT skills by completing a Research and Analysis Project will be eligible for the BSc Honours degree in Applied Accountancy from Oxford Brookes University.