Quick Guide to ACCA Course

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. ACCA has a network of 89 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development.

ACCA course is a recognised degree in many countires and is a good accounting qualification to work in United Kingdom (UK), European Union (EU), Ireland, South Africa, South Africa, Australia, Singapore, Switzerland etc.

Multi National Companies in India also consider ACCA as a recognised accounting qualification.

An ACCA member holding certificate of practice has a signing authority in multiple countries. However ACCA is not an approved qualification to become a practicing Chartered Accountant in India.

Like to download application guide, exemption guide, practicing requirement document and ACCA accredition status guide.

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• Application Guide
• Exemption Guide
• Practicing Requirement Guide
• ACCA accreditation status 

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Entry requirements

Three GCSEs and two A Levels in five separate subjects including maths and English or their equivalent are required for this accountancy qualification.

Equivalent Qualification in India would be Senior Secondary or 10+2. (Passes are held in 5 subjects including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others.

You can gain your practical experience before, during or after you complete the exams. It doesn’t matter what sector or organisation you work in or choose to work in. ACCA trainees can work in any sector and size of organisation.

As part of your ethical development, you are required to complete the Professional Ethics Module. This will give you exposure to a range of ethical perspectives and includes several self-tests which require you to reflect on your own ethical behaviour and values. The module becomes available to you online when you become eligible to take Paper P1.

Registration Fees

• Initial Registration – £79
• Subscription Fees   – £79

Exam Entry Fees

Apply early for an exam and you will have to pay much lesser fees as compared to late application.

Total exam fees would approx. amount to £1,200 as on Dec. 2013 over and above registration and annual subscription fees of £79.

Exam Entry Deadlines

Course Duration

ACCA has two exam sessions per year and students can sit a maximum of four papers in a session, so you could complete all the exams in 2 years.

As you also need three years practical work experience before you can become an ACCA member and be considered a qualified Accountant, the qualification takes a minimum of 3 years to complete.

Syllabus

In total 14 papers are to be cleared. Exams are computer based for few foundation papers and written for other papers. Min. passing requirement is 50%.

Fundamentals

• F1 Accountant in Business – Business organization structure, Governance of management, Key environmental influences & constraints, Specific functions of accounting and internal financial control, Leading and managing individual teams, Recruiting and developing effective employees.

• F2 Management Accounting – Accounting for management, Cost classification, Types of cost, Cost accounting techniques, Absorption and marginal costing, Short term decision making, Budgeting and standard costing.

• F3 Financial Accounting – Context and purpose of Financial Reporting, Qualitative characteristics of Financial Information and the Fundamental Bases of Accounting, Use of Double Entry and Accounting Systems, Recording Transactions and Events, Preparing a Trail, Preparing Basic Financial Statements.

• F4 Corporate and Business Law – Essential Elements of the Legal System, Law of Obligations, Employment Law, Formation and Constitution of Business organizations, Capital and the Financing of Companies, Management, Administration and Regulation of Companies, Legal Implications Relating to Companies in Difficulty or in Crisis, Governance and the Ethical Issues Relating to Business.

• F5 Performance Management – Specialist Cost and Management Accounting Techniques, Decision making Technique, Budgeting, Standard Costing and Variance Analysis, Performance Measurement and Control

• F6 Taxation – The UK Tax System, Income Tax liabilities, Chargeable Gains, Corporation Tax Liabilities, National Insurance Contributions, Value Added Tax, The obligation of Tax payers and/or their agents

• F7 Financial Reporting – Conceptual Framework for Financial Reporting, Regulatory Framework for Financial Reporting, Financial Statements, Business Combinations, Analysis and Interpreting Financial Statements

• F8 Audit and Assurance – Audit Framework and Regulation, Internal Audit, Planning and Risk Assessment, Internal Control, Audit Evidence, Review, Reporting

• F9 Financial Management – Financial Management Function, Financial Management Environment, Working Capital Management, Investment appraisal, Business Finance, Cost of Capital, Business Valuation, Risk Management

Professional

• P1 Governance, Risk and Ethics – Governance and Responsibility, Internal Control and Review, Identifying and Assessing Risk, Controlling Risk, Professional Values and Ethics.

• P2 Corporate Reporting – Professional and Ethical Duty of the Accountant, Financial Reporting Framework, Reporting the Financial Performance of Entities, Financial Statements of Groups of Entities, Specialized Entities, Implications of changes in Accounting Regulation on Financial Reporting

• P3 Business Analysis – Strategic Position, Strategic Choices, Strategic Action, Business Process Change, Information Technology, Quality Issues

• *P4 Advanced Financial Management – Role & Responsibility towards Stakeholders, Advanced Investment Appraisal, Acquisition and Mergers, Corporate Reconstruction and Re-organization, Treasury and Advanced Risk Management Techniques, Economic Environment for Multi-Nationals, Emerging Issues in Finance and Financial Management

• *P5 Advanced Performance Management – Strategic Planning and Control, Economic, Fiscal and Environmental Factors, Performance Measurement Systems and Design, Strategic Performance Measurement, Performance Measurement, Performance Evaluation and Corporate Failure, Current Development and Emerging Issues in Performance Management.

• *P6 Advanced Taxation – Knowledge and understanding of the UK Tax system through the study of further capital taxes, together with more advanced topics within the taxes studied previously, the importance of Taxation to personal and Corporate Financial Management, the impact of relevant taxes on various situations and courses of action including the interaction of taxes, Minimizing and/or deferring tax liabilities by the use of standard tax planning measures

• *P7 Advanced Audit and Assurance – Regulatory Environment, Professional and Ethical Considerations, Practice Management, Assignments, Reporting, Current Issues and Developments

*Only 2 papers to be completed from P4 to P7

To pass the ACCA Qualification you need to pass the exams, complete the Practical Experience Requirements and the Professional Ethics module.

Exemption from Certain Papers

Exemption from certain papers is provided on the basis of your prior qualification. However for each exemption fees is to be paid at rate of early registration charges.

• Exemption available for CA’s – F1 to F9
• Exemption available to most of the graduates – F1 to F3

Check Exemption applicable for your qualification here

Apply Online or know more about ACCA Qualification by visiting ACCA Global Website.