ACCA
Summary
People with professional skills are in high demand to help businesses and organizations adapt to the dynamic changes happening around the world.
ACCA (Association of Chartered Certified Accountants) is a professional accounting qualification that is recognized in over 180 countries globally. The qualification is a benchmark for professional competence in the field and provides opportunities for career advancement. The course focuses on key areas such as financial reporting, performance management, taxation, auditing, and financial management. It is designed to provide students with the knowledge, skills, and professional values required for a successful career in the accounting and finance industry.
The ACCA qualification is divided into three levels: Fundamentals, Professional, and Strategic Professional. To become a fully qualified ACCA member, students must complete 14 exams and have three years of relevant practical experience.
Key Features
The ACCA story
ACCA was founded in 1904 in the UK as the London Association of Accountants. In the 1920s and 1930s, ACCA expanded its operations to other parts of the…
Evolution of ACCA
Over the years, ACCA has grown to become one of the largest and most respected professional accounting bodies in the world, with over 241,000 fully qualified…
ACCA and the World
ACCA members have a crucial role in maintaining financial stability, promoting sustainable business practices, driving innovation, promoting ethical…
Students are required to complete three elements of the ACCA qualifications to gain the ACCA membership.
ACCA Exams
Level 1: Applied Knowledge
The applied knowledge exam will allow students to develop a broad understanding of essential finance and accounting techniques. The exams are:
- Business and Technology (BT)
- Financial Accounting (FA)
- Management Accounting (MA)
Level 2: Applied Skills
The applied skills exams will test the students on their existing knowledge and understanding. It will also work towards the strong development of practical skills in students, that are part of the strategic professional accountant’s skillset. The exams are:
- Corporate and Business Law (LW)
- Taxation (TX)
- Financial Reporting (FR)
- Performance Management (PM)
- Financial Management (FM)
- Audit and Assurance (AA)
Level 3: Strategic Professional
The strategic Professional exams make students ready for future leadership and to make an impact in the industry. It will allow them to develop their technical expertise, ethics and professional skills. Students are required to complete both Essential exams and choose two out of the four Options. The exams are:
Essentials:
- Strategic Business Reporting (SBR)
- Strategic Business Leader (SBL)
Options:
- Advanced Financial Management (AFM)
- Advanced Audit and Assurance (AAA)
- Advanced Taxation (ATX)
- Advanced Performance Management (APM)
Ethics and Professional Skills Module
In addition to exams, students are required to complete the Ethics and Professional skills module. This module is designed using realistic business scenarios, to develop the critical workplace skills that employers are seeking. Students are exposed to advanced ethical practices, conducts and professionalism which will help them to make a difference in the workplace.
Practical Experience Requirement
Students must have a minimum of 3 years of relevant work experience to qualify as an ACCA member. Gaining practical work experience will allow students to put the learning into practice and makes them ready for the real workplace scenario.
In total, the ACCA qualification consists of 13 exams and practical experience requirements. However, students who have completed certain qualifications or have relevant work experience may be eligible for exemptions from some of the exams.
Know your destination
The ACCA qualification provides you with all the required skill sets and knowledge to succeed across various industrial roles.
Professional Roles
- Chartered Certified Accountant
- Financial Analyst
- Auditor
- Financial Advisor or Manager
- Taxation Specialist
- Risk Management Specialist
- Insurance Analyst
- Forensic Accountant
- Business Consultant
- Treasury Manager
- Corporate Finance
- Stockbroker
Employers
- Accounting Firms
- Consulting Firms
- Banks and Financial Institution
- Commercial Company
- Governmental Sectors
- NGOs
- Police and Law Enforcement Departments
- Technology and Telecommunication Companies
- Insurance Company
- Universities and Educational Institution
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