ACCA (U.K)

- 14 exams (exemption can be claimed in nine exams)
- Three-years’ relevant practical experience requirements
- A Professional Ethics module

ACCA (Association of Chartered Certified Accountants) is the largest and fastest-growing international accountancy body, with over 296,000 students and 115,000 members in 170 countries. More people around the world qualify in-country with ACCA than any other international body. ACCA’s reputation and influence are respected worldwide by employers, government and the profession itself. ACCA has an extensive network of over 80 staffed offices and other centres around the world.

ACCA’s Members, who are known as Chartered Certified Accountants, are employed in industry, financial services, the public sector, or in public practice. With statutory recognition in the UK and Ireland it has the authority to license its members to work as registered auditors. In the UK, it also authorises its members to undertake insolvency work. Outside the UK, ACCA’s are recognised under the EU's Mutual Recognition Directive and in many countries around the world.

ACCA offers four core qualifications:

- A Technician Level qualification provides a comprehensive introduction to

  accountancy (CAT)
- A Professional Qualification enabling members to reach the highest level in

  accountancy (ACCA)
- A Bachelor of Science in Applied Accounting which is centered on the needs of

  employers for practical, professional accounting BSc (Hons)
- A Masters in Business Administration designed to broaden business

  understanding and enhance strategic decision making (MBA)

Minimum Entry Requirements
 

- 2 passes at GCE A' Levels and 3 passes at GCSE/GCE O Level in 5 separate

  subjects, including English and Mathematics

- American Higher School Certificate with atleast 50%

Graduate Entry Route
 

- Graduation, B.Com, BA, BSc from a recognised University

Access to ACCA via FIA qualification
 

- No academic qualification required to do FIA

- Complete the Diploma in Accounting and Business through the Foundations in

  Accountancy route, and you can continue your studies with the Certified

  Accounting Technician Qualification, or you can transfer onto the ACCA

  Qualification, miss out the first three exams and continue your studies from the

  fourth exam (F4 - Corporate and Business Law) onwards.

Removal of Mature Student Entry Route (MSER)
 

If you would have normally registered on the ACCA Qualification via the Mature Student Entry Route (MSER), you should now register on Foundations in Accountancy. MSER is no longer available.
This is because now that we have introduced Foundations in Accountancy, which is open entry and does not require you to have any previous academic qualifications to apply, it is possible for you to enter at any level within Foundations in Accountancy, including the Diploma in Accounting and Business.
The exams FAB, FMA and FFA on Foundations in Accountancy are identical to F1, F2 and F3 of the ACCA Qualification. If you would have normally registered on MSER, you are now better placed when you register on Foundations in Accountancy. This is because there is no restriction on the number of exams you take, the order you choose to take them in, or the time you can take to complete FAB, FMA and FFA on Foundations in Accountancy.

Claiming Exemptions

- 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.

  For details, refer to ACCAGlobal Exemption Support

International Accounting and Auditing Standards and, in certain countries, variant

papers based on local law and tax. You may also claim exemptions from certain

exams, depending on what other qualifications you have gained.

- Students have ten years to complete all examination papers from the date of

   registration
- The pass marks for all papers are 50%
- There are two manual examination sessions per year - one in June and one in

  December
- Up to four papers can be taken in a single examination session
- Credits gained successfully in Fundamentals and Professional Level Papers can 

  be
  retained, to prevent unnecessary re-taking of examinations
- The Knowledge module must be completed before the Essentials & Options

  module can be attempted
- All papers of the Essentials module have to be passed before any paper of

  options module is taken

  practical work experience.
- You can gain your practical experience before, during or after completion of the

  exams but ACCA strongly recommends that you gain your experience alongside or

  soon after sitting your exams.
- You must demonstrate effectiveness and achievement in the workplace by

  meeting 13 predefined performance objectives, overseen and agreed by a

  workplace mentor.
- Complete a minimum of three-years’ relevant practical experience.
- Track your progress using a trainee development matrix.

- Complete an annual return.

Employers expect ACCA members to show high levels of knowledge and ability in the workplace and to apply in practice the knowledge and techniques gained through your studies towards the ACCA exams.
 

  in specific exam sessions then the following deadlines to register with ACCA apply:

June Exams − register by 31 December of the previous year
December Exams − register by 15 August of the same year

Deadlines may be earlier in some countries where ACCA has a Joint Examination Scheme with a local accountancy body.
- ACCA offers a number of entry routes for studying towards the ACCA Qualification,

  designed to take into account equivalent local qualifications and previous

  educational achievements. Check entry requirements and exemptions available on

  ACCAGlobal
- Remember to send supporting documentation with your registration form including

  proof of identity and photocopies of previous academic qualifications as proof of

  minimum entry eligibility or for claiming exemptions
- Please allow up to six weeks for ACCA to process your registration form

ACCA will issue you with a student registration card, passcode to access your student details from the ACCA website and student post-registration information containing details about the exams, practical experience requirements, Professional Ethics module and the service and support provided by ACCA.
 

- The syllabus is divided into two levels – Fundamentals and Professional
- All Fundamental Level papers are mandatory
- The Professional Level includes mandatory Essentials papers as well as Optional

  papers
- There are 16 papers available in total. You only need to pass 14 papers (unless

  exemptions are awarded) because you only need to complete two out of the four

  Options papers
- The pass marks for all papers are 50%
- You can progress through the syllabus at your own pace. You may attempt a

  maximum of four exams at any six-month exam cycle, including computer-based

  exams. 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 in which 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
 You have the choice of sitting computer-based or paper-based exams for Papers

  F1, F2 and F3
- Paper-based exams can be taken in any one of over 350 exam centres around the

  world
- Paper-based exams are held twice a year – in June and December
- Exam entry forms for paper-based exams are automatically sent to you when you

  are registered with ACCA. The closing dates for submitting your exam entry forms

  are:

June Exams − 15 April
December Exams − 15 October