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FIA (U.K)

foundations in accountancy

Foundations in Accountancy consists of a suite of awards, including certificates, diplomas and a revised Certified Accounting Technician (CAT) qualification.

It is internationally recognized and highly regarded leading to a challenging and rewarding career. FIA is designed to equip you with all the necessary technical skills and knowledge required to fulfill an accounting role to technician level.

Should you wish to pursue your career further, completion of the FIA Scheme exempts you from ACCA Fundamentals Level papers F1, F2 and F3. ACCA’s unique partnership with Oxford Brookes University allows you to obtain a BSc (Hons) degree in Applied Accounting upon completion of Fundamentals Level of the ACCA Professional Scheme examination. Passing the Professional Level examination and gaining three years' relevant practical experience will lead to ACCA membership. Lifelong learning continues beyond membership through our portfolio of continuing professional development opportunities, including a bespoke MBA and a range of additional diplomas and certificates.

Eligibility

Foundations in Accountancy offers you various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, based on their previous qualifications, experience and future career aspirations.

- There is no age restriction to register and no formal academic qualifications

required.
- Preferably O-levels, Intermediate or Matriculation.
- Holders of certain qualifications such as GCE (Advanced Level) may receive

exemptions from some of the papers. For details, refer to accaglobal

Examination Structure

The FIA qualification consists of flexible awards focused on the core skills of financial accounting and management accounting; and the wider role of the accountant in business at higher levels.

OPTIONAL MODULES
MATHS	self-check online module
ENGLISH	self-check online module
COMPULSORY MODULES
Foundations In Professionalism
Professionalism and Ethics online module to be completed once
QUALIFICATIONS
Introductory Certificate in Financial and Management Accounting
Foundations In Professionalism + 2 exams (FA1 and MA1)
*FA1		Recording Financial Transactions
*MA1		Management Information
Intermediate Certificate in Financial and Management Accounting
Foundations In Professionalism + 2 exams (FA2 and MA2)
*FA2		Maintaining Financial Records
*MA2		Managing Costs and Finances
Diploma in Accounting and Business
Foundations In Professionalism + 3 exams (FAB, FMA, FFA)
*FAB		Accountant in Business
*FMA		Management Accounting
*FFA		Financial Accounting
Certified Accounting Technician (CAT)
FA1,MA1,FA2,MA2 + Diploma in Accounting and Business + two from three options exams + 1 years' relevant practical experience
Please note the experience requirement can be used to claim exemption from the Introductory and Intermediate certificates.
OPTIONS PAPERS
FTX		Foundations in Taxation
FFM		Foundations in Financial Management
FAU		Foundations in Audit
* denotes Computer-Based Exams.

Examination Rules

- Manual Examinations can be attempted twice a year in June and December

Sessions respectively. For CBE details, see Computer Based Examinations
- There is no restriction to the number of exams you may attempt, allowing you to

choose to sit as many or as few papers as you like at each exam session.

However, it is recommended to attempt a maximum of four papers in each

session.
- The pass marks are 50% for all papers.
- Papers can be attempted in any order to suit your study needs, although

numerical order is recommended.

PRACTICAL EXPERIENCE

Students who wish to complete the CAT Qualification will be required to complete a practical experience requirement. Four of the CAT Qualification performance objectives will be the same as the performance objectives which form part of the ACCA Qualification, and will be introduced alongside the current elements of technical competence.

If these four performance objectives are completed as part of the CAT Qualification practical experience requirements, they can count towards four of the 13 performance objectives required to achieve the ACCA Qualification.

Students will be required to update and maintain paper records of progress towards performance objectives and technical competences.

Support FROM ACCA

On registration, you will receive FIA registration card, your welcome pack that contains all the information you need. If ACCA has the students' e-mail addresses, they can send an electronic version of the monthly magazine, Student Accountant, which contains important information on exams, technical articles, news, reviews and other essential information. In addition to this, ACCA provides a number of online resources to help you with your studies, including:

- Past Papers: to prepare you for the types of questions you might face
- Syllabus and Study Guides: to help you plan your study and to provide detailed

information on what could be assessed in any examination session
- Technical Articles: on key examinable topics to support your study
- Reading lists
- Information and Resources for your Training Requirements
- Project Resources

Simply refer to ACCA Global to find the resources you need