ACCA

ACCA (Association of Chartered Certified Accountants) is the largest and fastest-growing international accountancy body, with over 486,000 students and 200,000 members in 180 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'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:

ACCA Foundation Diploma
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 Professional Accountancy designed to broaden business understanding and enhance strategic decision making - (MSc)

ACCA Qualification

The ACCA Qualification is a highly-regarded accountancy qualification. In order to become a qualified chartered certified accountant and use the designatory letters "ACCA" after your name you need to complete:

13 exams (exemption can be claimed in nine exams)
Three-years' relevant practical experience requirements
An Ethics and Professional Skills module

Entry Routes

ACCA offers various entry routes, depending on your age and previous academic qualifications.

Route 1 Minimum Entry Requirements

-3 passes at GCSE/GCE O Level in 5 separate subjects, including English and Mathematics or

- Matriculation

Route 2 Intermediate / A Level

- Intermediate

- 2 passes at GCE A' Levels and

-American Higher School Certificate with atleast 50%

Route 3 Graduate Entry Route

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

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.

Exemptions to ACCA

A qualified ACCA will get maximum 5 exemptions in the Institute of Chartered Accountants of Pakistan (ICAP- Pak)
A qualified ACCA needs to appear for 3 papers of Institute of Chartered Accountants of England & Wales (ICAEW- UK) only.
A qualified ACCA needs to appear for 3 papers of Chartered Institute of Management Accountants UK (CIMA- UK) only.

Subjects & Exams

APPLIED KNOWLEDGE PAPERS

Monthly Exams (CBE)

BT Business and Technology
MA Management Accounting
FA Financial Accounting

APPLIED SKILL PAPERS

Monthly Exams (CBE)

LW Corporate and Business Law (ENG)

Quarterly Exams (March, June, September & December)

PM Performance Management
TX Taxation
FR Financial Reporting
AA Audit and Assurance
FM Financial Management

STRATEGIC PROFESSIONAL PAPERS

Quarterly Exams (March, June, September & December)

SBL Strategic Business Leader
SBR Strategic Business Reporting
AFM Advanced Financial Management
APM Advanced Performance Management
ATX Advanced Taxation
AAA Advanced Audit and Assurance

Progression Rules

All Fundamental Level papers are mandatory
The Professional Level includes mandatory Essentials papers as well as Optional papers
There are 15 papers available in total. You only need to pass 13 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 BT, MA and FA.
Paper-based exams can be taken in any one of over 400 exam centres around the world.
Paper-based exams are held twice a year – in June and December.

Fee Structure

Registration Fee £45
F1, F2 & F3 Exemption fee = £84 each subject Exam Fee = £115 each subject
F4 Exemption Fee = £111 Exam Fee = £140 each subject
F5, F6, F7, F8 & F9 Exemption Fee = £111 each subject Exam Fee = £135 each subject
SBR & 2 Optional Exam Fee = £170 each subject
SBL Exam Fee = £238 each subject

Future Progression

Students who have passed Knowledge and Skills modules (9-papers) of the ACCA qualification are eligible to apply for an Oxford Brookes University (OBU) Bsc (Hons) degree in Applied Accounting.
Qualified members may get MBA degree of Oxford Brookes University which was specifically developed through a strategic alliance formed between the business school at the OBU and ACCA. After qualifying ACCA, you can go for CA, ICAEW, CIMA, CFA® etc; as your further career progression.

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