Acca Qualification

ACCA QUALIFICATION


ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. ACCA aims to offer business-relevant, first choice qualifications to people of application, ability, and ambition globally who seek a rewarding career in accountancy, finance, and management. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity, and accountability. These values are aligned to the needs of employers in all sectors and ACCA ensures that, through their qualifications, they prepare accountants for business.


WHY DO THE ACCA QUALIFICATION ?


There are many accountancy bodies that offer accountancy qualifications around the world. Here is a summary of why you should choose the ACCA Qualification:


Unrivalled global network


ACCA is the global body for professional accountants with over 188,000 members and 480,000 students in 181 countries.
Having 100 offices and centers globally all offering localized support.
Qualifications are based on international accounting standards making them globally relevant.
ACCA offers local law and tax options making your qualification locally relevant too.
ACCA qualifications are recognized by key regulatory and education authorities around the world and we have joint membership of other international accountancy bodies.
ACCA’s qualifications are benchmarked against education levels around the world.
So by choosing ACCA, you choose qualifications that have been independently quality checked.


Respected by employers


Over one hundred years of proven reputation for quality and excellence. 7,110 approved employers globally Qualifications developed with employers giving you the skills and knowledge to be work ready A strong focus on ethics means that employers know they are getting ethical accountants. Quality assured qualifications mean employers can be confident of your ability and knowledge.


Putting you in charge of your studies and career


You can study full-time or part-time around work. One can choose to self-study or study with a tuition provider. Progress at your own pace and start at the right level for you. Once you qualify with ACCA you can gain exemption from parts of other academic qualifications, making it quicker for you to complete them. Having both financial and management accounting skills means that you can move between roles, industries, and sectors. We provide you with the core knowledge in all areas of accountancy to ensure you have the complete skill set required of a finance professional, and so that you can choose the right finance role for you in any industry.


ACCA COURSE DETAILS


ACCA papers comprise of two levels; Fundamentals and Professional.

The Fundamentals level consists of two modules; Knowledge and Skills.


Fundamentals (nine papers in total)


Knowledge

The ACCA syllabus consists of 13 papers divided into four levels:

  • Applied Knowledge - 3 papers
  • Applied Skills - 6 papers
  • Professional: Strategic professional - 2 papers
  • Options - 2 papers from 4

Skills

CL Corporate and Business Law
PM Performance Management
TX Taxation
FR Financial Reporting
AA Audit and Assurance
FM Financial Management

The Professional level consists of two modules; Essentials and Options
Professional (five papers in total)


Options (Complete any two out of four)

AFM Advanced Financial Management
APM Advanced Performance Management
AT Advanced Taxation
AAA Advanced Audit and Assurance

Professional Ethics module – An online module to be completed with P1

Work experience requirement – Three years work experience in a relevant field that could be obtained before, during or after the course


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1
For 10th

10th Passed Students can pursue ACCA qualification via CAT/FIA route. Students have to pass 7 papers of FIA or 9 papers of CAT to transfer themselves into ACCA. They will be also exempted from F1, F2, F3. Requirement:

  • Minimum 60% marks in Math
  • Minimum 60% marks in English
  • Minimum 50% marks in other subjects
2
For +2

12th or +2 passed students can pursue ACCA if they fulfill Requirement:

  • Minimum 65% marks in Accounts or Math
  • Minimum 65% marks in English
  • Minimum 50% marks in other subjects

STUDENTS WHO DONT MEET THE ELIGIBILITY CRITERIA If the students are having less marks for minimum entry requirement for ACCA, then the students can enter into ACCA by passing 3 papers of Diploma in Accounting and Business (FFA, FFB, and FFM ) of Foundation of Accounting of ACCA . After successful completion, a student will be eligible for exemptions of the following 3 papers:

  • F1 ACCOUNTANT IN BUSINESS
  • F2 MANAGEMENT ACCOUNTING
  • F3 FINANCIAL ACCOUNTING
  • The estimated duration, of course, will be 3 years including BSc. (Hons) Degree in Applied Accountancy from Oxford Brookes University and PER.

3
For B.COM & Other Graduates

B.COM / BSc. Accounting qualified can enter into ACCA with the exemption of 4 papers of ACCA out of total 13 papers. Please check your University at ACCA website for exemption claim purpose. The estimated duration, of course, will be 1.5 years For Other Graduates

  • BBA will get exemption of one paper ( F1 )
  • LLB will get exemption of one paper ( F4 )

Other Graduates can also enter into ACCA. For

4
For MBA

MBA can enter into ACCA with the exemption of 3 papers out of 13 papers of ACCA.

Following exempted papers are as follows
  • AB ACCOUNTANT IN BUSINESS
  • MA MANAGEMENT ACCOUNTING
  • FA FINANCIAL ACCOUNTING
In that case a student will have to appear for 10 papers of ACCA. These are as follows:
  • CL CORPORATE & BUSINESS LAW
  • PM PERFORMANCE MANAGEMENT
  • TX TAXATION
  • FR FINANCIAL REPORTING
  • AS AUDIT & ASSURANCE
  • FM FINANCIAL MANAGEMENT

    PROFESSIONAL LEVEL

    • SBL - STRATERGIC BUSINESS LEADER
    • SBR - STRATERGIC BUSINESS REPORTING<.li>
    The other 2 >> A student has to choose two papers from the following four papers.
    • AFM - ADVANCED FINANCIAL MANAGEMENT
    • APM - ADVANCED PERFORMANCE MANAGEMENT
    • ATX - ADVANCED TAXATION
    • AAA - ADVANCE AUDIT & ASSURANCE
    They can study both as a full time and as a working student.
  • Full-time student can finish in 1.5 years
  • Working student may finish in 2.5 years
5
For CA-IPCC

CA - IPCC can enter into ACCA with the exemption of 6 papers out of total 13 papers. So, they have to sit for 7 papers only.

The 6 exempted papers are as follows:
  • AB ACCOUNTANT IN BUSINESS
  • MA MANAGEMENT ACCOUNTING
  • FA FINANCIAL ACCOUNTING
  • CLCORPORATE & BUSINESS LAW
**Condition: -This paper can only be exempted if the student has qualified IPC with B.COM
  • TX TAXATION
  • AA AUDIT & ASSURANCE
  • The 7 papers they have to sit for as follows
    • PM PERFORMANCE MANAGEMENT
    • FR FINANCIAL REPORTING
    • FM FINANCIAL MANAGEMENT
    PROFESSIONAL LEVEL
    • SBL - STRATERGIC BUSINESS LEADER
    • SBR - STRATERGIC BUSINESS REPORTING
    The other 2 >> A student has to choose two papers from the following four papers.
    • AFM - ADVANCED FINANCIAL MANAGEMENT
    • APM - ADVANCED PERFORMANCE MANAGEMENT
    • ATX - ADVANCED TAXATION
    • AAA - ADVANCE AUDIT & ASSURANCE
    CA/IPCC can finish ACCA in one year as a full-time student.
    6
    For CA/ CMA Qualified

    CA and CMA can enter into ACCA with the exemption of 9 papers out of total 13 papers, which means they have to sit for only 4 papers.

    9 Exempted papers are as follows:
    • ACCOUNTANT IN BUSINESS
    • MANAGEMENT ACCOUNTING
    • FINANCIAL ACCOUNTING
    • CORPORATE & BUSINESS LAW
    • PERFORMANCE MANAGEMENT
    • TAXATION
    • FINANCIAL REPORTING
    • AUDIT & ASSURANCE
    • FINANCIAL MANAGEMENT
    The 4 papers they have to sit for are as follows: PROFESSIONAL LEVEL
    • SBL - STRATERGIC BUSINESS LEADER
    • SBR - STRATERGIC BUSINESS REPORTING
    The other 2 >> A student has to choose two papers from the following four papers.
    • AFM - ADVANCED FINANCIAL MANAGEMENT
    • APM - ADVANCED PERFORMANCE MANAGEMENT
    • ATX - ADVANCED TAXATION
    • AAA - ADVANCE AUDIT & ASSURANCE
    They can qualify ACCA within 6 to 9 months.
    7
    International Students

    CFO NeXt welcomes students from any part of the world to get enrolled in professional qualification. We have well qualified experienced faculty members for teaching all papers of ACCA. (check the faculty page) CFO NeXt teaches high-quality Programs that are recognized around the world. Whether you are based in India or abroad we aim to deliver the same outstanding level of service to all.

    To know the current ACCA fee for your location. Click here