Professional Studies/ACCA

 

Official Website: http://www.accaglobal.com
ACCA Qualification: http://www.accaglobal.com/join/acca/

ACCA

ACCA Background …

ACCA’ is the largest, fastest growing international professional accountancy body in the world with 250,000 ACCA students and members in 160 countries.

ACCA exam format. There is a three part structure. Students are required to pass 14 papers in total. In Parts 1 and 2, students can sit up to four papers at any one sitting, subject to certain progression rules.  
In Part 3, students can choose two subjects from a list of four options to match their work experience or chosen fields of employment.
All students must sit the three core papers and these must be taken together.

Variant papers covering national law and tax are available. Papers covering financial reporting and audit are also available in both an international standard format and adapted for certain national accounting standards e.g. UK, Hong Kong, Malaysia, Singapore.

ACCA main principle. Members of the ACCA whatever their subsequent specialisation, are expected to have a general understanding spanning all the associated disciplines. The syllabus goes beyond the technical skills that dominate a traditional syllabus, encompassing such fundamental professional attributes as judgement, professional ethics, imagination, and problem solving.

     

ACCA applicants can be:
1. anyone who is 18 years or older
2. anyone who has an overall annual performance score above 17/20.
3. anyone who has the GCSE O-Level (minimum grade C) in English language.

ACCA career prospects. Excellent career opportunities exist in public practice, industry, commerce, banking and government.

To qualify you will need to complete the 14 examinations designed to test the knowledge and understanding required to work as professional qualified accountant. The fourteen examinations are broken down into three levels. See ACCA exam structure below.

Upon completion of ACCA qualification the ACCA graduate will be eligible for:
1. use the title ACCA after their name and
2. with at least 3 years recognised practical experience can be sign the auditors report in financial statements.
www.acca.org.uk

ACCA Examination Structure

  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)

 

     


 

 
 

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