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.

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.

 

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

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

Phone: + 357 26 9485 13
Fax: +357 26 931607
Leoforos Mesoyis 11
8280 Paphos