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ACCA Qualification

ACCA is short for the Association of Chartered Certified Accountants, which is the international body for professional accountants. The ACCA Chartered Certified Accountant qualification is recognized by both regulatory and educational institutions around the world and aims to ensure that its member are appropriately regulated and competent as professional accountants.

ACCA Qualification

Entry Requirements

To be able to study for an ACCA qualification, the association states that you must have the following:

  • Two A-Levels and three GCSEs (or their equivalent) *These need to be in five separate subjects including English and maths.

Application and Fees

To be able to study an ACCA qualification, you must register with ACCA as a student. Applications can be made online at any time of the year. Online applications allow you to upload all of your supporting documents, making the application process quicker, enabling you to begin studies as quickly as possible. Supporting documents include official educational documents (e.g. transcript of records, diploma, etc.), proof of identity (ex. birth certificate, passport, etc.) and passport-style photo.

Please refer to ACCA website for exact fees. As an ACCA student, you must pay for an initial registration fee and an annual subscription. Exams also have fees when you are ready to take them.

Coursework

The ACCA qualification can be studied full-time or part-time and in the classroom or by yourself. You will also be provided the syllabus and study guide for your studies to help you plan for each exam. In addition to this, there are also past papers, examiners reports and technical articles available for you.

Timeframe

You are granted a flexible timeframe to complete your ACCA qualification, with a maximum of 10 years allowed to complete it. The exact timeframe of your studies would depend on your circumstances, whether you want to study full-time or part-time and when you are able to sit the exams. It is possible to complete the required study and exams in three years.

Qualification

To be able to obtain the highest level of qualification, you will take fourteen exams. The exams are divided into two levels. The first is Fundamentals and includes Fundamentals Knowledge and Fundamentals Skills. The second level is Professional and includes Professional Essentials and Professional Options. Exemptions from some of these may be granted should you have relevant experience or qualifications.

In order to qualify as an ACCA member, you will also need to complete 36 months of experience in a relevant role and study the Professional Ethics module.

Diplomas and Degree

On your way to completing the ACCA qualification, you will be awarded the ACCA diploma in Accounting and Business by completing the first three exams and the professionalism and ethics module. Further on, you will also be awarded the ACCA Advanced Diploma in Accounting and Business after having completed the Fundamentals level exams and the Professional Ethics module.

There is also an option to be awarded a Bachelor of Science in Applied Accounting. For this degree, you must be registered with Oxford Brookes University and hold an English language qualification certificate before passing the last three Fundamentals exams. You must then successfully pass and complete all Fundamentals level papers and complete the Professional Ethics module. The final step would be to complete and pass Oxford Brookes University Research and Analysis Project.

Career and Prospects

According to their website, ACCA members work in different environments and in a variety of roles. Jobs related directly to accounting include the following:

  • Management Accountant
  • External Auditor
  • Accounts Receivable
  • Chief Financial Officer
  • Forensic Accountant
  • Finance Analyst
  • Payroll Officer

Members of ACCA are present in public practice or accounting firms, public sector (such as government), corporate sector, financial services and not-for-profit.

These members, aside from having strong technical skills in accounting and numeracy, also have transferrable skills applicable in careers and industries not directly related to accounting. For example, since there is a great focus of professionalism and ethics in ACCA courses, members of ACCA are also known to communicate effectively and have good working relationships. They are also critical and logical thinkers and known to be problem solvers.

Other ACCA Courses

ACCA also offers programs for Diploma in International Financial Reporting and Certificates in International Financial Reporting, International Auditing, International Financial Reporting Standards for SMES, and in International Public Sector Accounting Standards.

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