ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)

 

Why Accounting?

Accountancy will put you right at the centre of any organization, giving you the chance to influence its business and ethical decision-making. Finance professionals are at the very centre of things. There is no better time to join the profession

A job in accountancy can help you gain a high salary and a fast track to the top in your chosen field:

  • chief financial officer
  • director or partner in accounting firm
  • auditor general or influential position in government finance
  • entrepreneur or owner-manager of small business
  • finance director in a multinational company
  • senior internal auditor
  • senior executive in international role
  • business adviser

Finance professionals are in demand across the world.

Your skills, knowledge and professionalism will be sought by organizations of all sizes – and not just by accounting firms. Any industry or sector you choose to work within will offer opportunities to progress your career.

 

Why ACCA?

Join ACCA and you are accessing an unrivalled global network of offices, learning providers, examination centres and employers.

  • Students and members in 170 countries
  • Office and centres in nearly 80 countries
  • Partners worldwide

World-Class Reputation

ACCA has been around for over 100 years and in that time it has built a reputation of excellence in qualifications and training that is recognised around the world, especially by employers of accountants.

The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values which will deliver finance professionals who are capable of building successful careers across all sectors, whether they are working in the public or private sectors, practicing in accounting firms, or pursuing a career in business.

In order to qualify as an ACCA member, you will complete:

  • 14 exams (nine of which are eligible for exemption)
  • relevant practical experience, with a minimum of three years
  • a Professional Ethics module.

Entry Requirements

There are various entry points on to the ACCA Qualification, depending on your age and previous academic qualifications.

Minimum Entry Requirements

  • A Lyceum Apolyterion with an average mark of 17/20 (85%)
  • A Lyceum Apolyterion with an average mark of 16/20 plus LCCI Third Level Accounting
  • two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics

Mature Student Entry Route (MSER)

  • Normally over age 21
  • no academic qualifications required
  • must pass the equivalent of Papers F2, Management Accounting and F3, Financial Accounting within two years before further progression to the ACCA exams is permitted.

Graduate-entry route

  • 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

Access to ACCA via CAT qualification

  • no academic qualifications required
  • gain Certified Accounting Technician (CAT) qualification first and then transfer to the Skills module of the ACCA Qualification by claiming exemption from the first three papers in the Knowledge module.

Claiming exemptions

The number of exemptions you can claim will depend on how closely your previous qualifications match the content of the ACCA syllabus. For example, if you have completed a relevant degree from an ACCA-accredited university, you may be eligible to claim exemption from up to all nine exams within the Fundamentals level. No exemptions are available from the Professional level.

Exams & study

You will need to complete 14 papers in total. A maximum of nine papers in the Fundamentals level are available for exemption.

FUNDAMENTALS (nine papers in total)
Knowledge
F1 Accountant in Business (AB)
F2 Management Accounting (MA)
F3 Financial Accounting (FA)
Skills
F4 Corporate and Business Law (CL)
F5 Performance Management (PM)
F6 Taxation (TX)
F7 Financial Reporting (FR)
F8 Audit and Assurance (AA)
F9 Financial Management (FM)

 

PROFESSIONAL (five papers in total)
Essentials
P1 Professional Accountant (PA)
P2 Corporate Reporting (CR)
P3 Business Analysis (BA)
Options (two to be completed)
P4 Advanced Financial Management (AFM)
P5 Advanced Performance Management (APM)
P6 Advanced Taxation (ATX)
P7 Advanced Audit and Assurance (AAA)

 

Ethics

Professional ethics is at the heart of the ACCA Qualification. It is covered in 11 of the 16 exam papers – including all papers at Professional level – and in three of the Essentials performance objectives.

The aim of the Professional Ethics Module is to give the student exposure to a range of ethical perspectives. Students get access to the module when they become eligible to take Paper P1, Professional Accountant. They should complete it before, at the same time as, or soon after that paper – but they must complete it before applying for membership.

Experience

A key component of the ACCA Qualification is gaining relevant practical experience. The ACCA Qualification will prepare you for a challenging and often demanding career as a professional accountant and, like all professions, it is not sufficient to solely rely on theoretical knowledge developed through an exam process to help achieve this.

You will need to complete three-years’ relevant practical experience in order to achieve 13 of the performance objectives listed below – all nine Essentials and four from 11 Options.

 

ESSENTIALS (all nine to be completed)

Professionalism, ethics and governance

  1. Demonstrate the application of professional ethics, values and judgement
  2. Contribute to the effective governance of an organisation
  3. Raise awareness of non-financial risk

Personal effectiveness

  1. Manage self
  2. Communicate effectively
  3. Use information and communications technology

Business management

  1. Manage ongoing activities in your area of responsibility
  2. Improve departmental performance
  3. Manage an assignment

OPTIONS (four to be completed)

Financial accounting and reporting

  1. Prepare financial statements for external purposes
  2. Interpret financial transactions and financial statements

Performance measurement and management accounting

  1. Prepare financial information for management
  2. Contribute to budget planning and production
  3. Monitor and control budgets

Finance and financial management

  1. Evaluate potential business/investment opportunities and the required finance options
  2. Manage cash using active cash management and treasury

Audit and assurance

  1. Prepare for and collect evidence for audit
  2. Evaluate and report on audit

Taxation

19.Evaluate and compute taxes payabl

20. Assist with tax planning

 

How long it will take

The length of time it takes to qualify as an ACCA member depends on you.

The ACCA Qualification is designed to be flexible. Although it is recommended that you complete the practical experience along with passing the exams, it’s up to you to decide how you study, how often you sit exams and where and how you gain your relevant practical experience.

You can take a maximum of four exams every six months and combining this with working full-time would also mean you are simultaneously gaining the practical experience requirement also necessary for membership. On average, an individual registering with the minimum entry requirements, working full-time and studying on a part-time basis would take approximately three to four years to gain their ACCA Qualification. However, depending on your previous qualifications and relevant practical experience, you can complete the qualification much more quickly. A graduate with a relevant degree and a couple of years relevant experience could complete the qualification in as little as one or two years.

When to register

Registration can take place at any time, however if you wish to take part in specific paper-based examination sessions, the following deadlines apply:

For the June examinations

Register by 15 December of the preceding year

For the December examinations

Register by 15 July of the same year

 

Applying for exemptions

For the June examinations

Apply by 31 January of the same year

For the December examinations

Apply by 31 July of the same year

 

Entering for Exams

For the March examinations

Standard Exam Entry Deadline: 1st of February

Late Exam Entry Deadline: 8th of February

For the June examinations

Early Exam Entry Deadline: 15th of February

Standard Exam Entry Deadline: 2nd of May

Late Exam Entry Deadline: 9th of May

For the September examinations

Early Exam Entry Deadline: 16th of May

Standard Exam Entry Deadline:  1st of August

Late Exam Entry Deadline: 8th of August

For the December examinations

Early Exam Entry Deadline: 10th of May

Standard Exam Entry Deadline: 31st of October

Late Exam Entry Deadline: 7th of November

 

BSc Degree with Oxford Brookes University

Add value to your CV

In a unique partnership between ACCA and Oxford Brookes University , you will have the opportunity to study for a BSc (Hons) in Applied Accounting whilst taking your ACCA exams.

Part way through – or even after – your studies, you can opt to complete a research and analysis project and gain an internationally recognised degree qualification.

The world’s largest undergraduate degree programme in accounting, it is the perfect way to enhance your ACCA Qualification and will provide a valuable boost to your CV and broaden your skills.

To be awarded the BSc (Hons) in Applied Accounting you must:

           be registered with Oxford Brookes University ie opted-in to the BSc degree scheme before passing any of the three ACCA Fundamentals papers, F7, F8 and F9

           pass the three ACCA Fundamentals papers F7, F8 and F9 and pass other papers as required to successfully complete all nine Fundamentals level papers

           complete the ACCA Professional Ethics module to submit your Research and Analysis Project in the March/April submission period this must be completed by 31 January of the same year, to submit your Research and Analysis Project in the September /October submission period this must be completed by 31 July of the same year

           complete and pass the Oxford Brookes University Research and Analysis Project

           complete the BSc degree scheme within 10 years of your initial registration onto the ACCA’s professional qualification.

Please note that you must successfully complete the Fundamentals level exam papers, F1–F9, and complete the Professional Ethics module before submitting a Research and Analysis Project to Oxford Brookes University.

ACCA CONTACT DETAILS

ACCA CONNECT

2 Central Quary

89 Hydepark Street

Glasgow G3 8BW

United Kingdom

General Enquiries:

info@accaglobal.com

Web site:

www.accaglobal.com

For more information just fill the form below

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Phone: + 357 26 9485 13
Fax: +357 26 931607
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