ACCA — Association of Chartered Certified Accountants

About ACCA

The ACCA (Association of Chartered Certified Accountants) is one of the largest and fastest growing international accountancy bodies with more than 500 000 members and students. It is over 100 years old and is now recognised and respected in 170 countries. The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values. Being ACCA qualified finance professionals are capable of building successful careers across all sectors, whether they are working in the public or private sectors, practising in accounting firms, or making a career in business or in foreign company. The ACCA Qualification covers the global accounting education standards set by the International Federation of Accountants (IFAC). It strongly focuses 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. The ACCA Qualification examines these skills at the highest level  as they are a core element of your practical experience requirements.

The ACCA program is most designed to those who aims to become a highly qualified professional in any sector of business. No previous knowledge of accounting or finance is required to become an ACCA student. All you need is the motivation to make a significant investment in time to achieve success in your future career. No matter if you are a high school or university graduate, or already working professionally in business, ACCA provides routes into the profession for everyone.

Why study ACCA

ACCA members and students covers a comprehensive program in financial management skills that makes their knowledge of business, making them more likely to be promoted and receive higher salaries in comparison with their colleagues.

Being  ACCA qualified you illustrates your quality over others in the business or finance profession, that makes you more likely to be selected for more challenging jobs.

The fully comprehensive ACCA syllabus – you will learn to understand and master all the processes involved in how a business or financial organisation works, not only special knowledge in finance and accounting, but also valuable skills in organizational management and strategy. The ACCA Qualification is designed not just for accountants. Candidates will gain the knowledge and skill to succeed in other areas such as business consulting, taxation, IT, strategic planning, and general management.

The Route to ACCA

In order to be qualified as an ACCA member, you need to complete 14 examinations, relevant practical work experience, and an Ethics Module. Moreover, students holding relevant universities degrees have a chance to receive 9 exemptions. Depending on a number of exemptions, a candidate should expect to complete the program in two to three years.

The exam sessions are organized directly by ACCA and take place twice a year, in the first two weeks of June and December. Having a flexible structure, ACCA permits Students to plan their study  and sit a maximum of 4 examinations per session. Papers F1 Accountant in Business, F2 Management Accounting, and F3 Financial Accounting may be sat at any time during the year by means of Computer Based Examinations (CBE).

Before applying for ACCA Membership, the Professional Ethics Module must be completed. It is an online training system designed to expose students to a range of ethical perspectives. You receive access to the module once you are eligible to sit paper P1 Professional Accountant. It is highly recommended that student sit the module before or at the same time as their training for the P1 examination.

A key component of the ACCA Qualification is gaining relevant practical experience. The ACCA Qualification will prepare you for a challenging and often demanding career as a professional accountant and, like all professions, it is not sufficient to solely rely on theoretical knowledge developed through an exam process to help achieve this.

Students are required to complete 3 years of relevant practice experience to achieve 13 performance objectives (9 Essential objectives and 4 out of 11 options).