ACCA (Association of Chartered Certified Accountants)
The ACCA qualification provides you with a sound base on which to build a successful career in finance. As an ACCA member, you will have developed a range of skills and knowledge which will enable you to work in any aspect of finance in any country throughout the world, without restriction, creating a world of opportunities for your future.
Accountancy allows you take control - of your job, your finances, your life and your future. Those who have reached the top come from many different backgrounds, and recognised at an early stage of their career that the ACCA qualification would open doors.
What is the ACCA?
The Association of Chartered Certified Accountants (ACCA) is the largest and fastest-growing global professional body with students and members in over 170 countries. ACCA qualifications are designed to help students looking for a rewarding career in accountancy, finance and management.
How long will it take?:
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 year’s relevant experience could complete the qualification in as little as one or two years. When you complete the nine ACCA Fundamental papers you will be able to apply for the BSc (Hons) in Applied Accountancy from Oxford Brookes University. Fully qualified ACCA members are eligible to apply for MBA from Oxford Brooks University.
The ACCA Qualification
In order to qualify as an ACCA member, you will need to complete:
- 14 exams (up to nine of which are eligible for exemption)
- Relevant practical experience, with a minimum of three years
- A Professional Ethics module
The breadth and depth of the ACCA Qualification means that you develop the fundamental knowledge to work across all sectors before specialising on the core technical skills necessary for your role.
The fundamentals level covers the core areas of financial and management accounting, plus the main technical areas that any accountant will need to master. The professional level builds on this and explores more advanced technical skills, techniques and values. The options modules give you the ability to develop specialist skills relevant to the areas of accountancy that interest you the most.
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ACCA Fundamentals(nine papers in total)
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 Governance, Risk and Ethics 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) |
Important Dates and Fees
ACCA paper based exams are held twice a year in June and December. However first three exams cab taken online at anytime during the year. Candidates may only enter a maximum of 4 subjects per examination session. To sit for ACCA examinations you must:
1 Be registered with ACCA as a student. Students are strongly advised to register with ACCA as soon as possible to allow them sufficient time for processing to sit in computer based exams when intended and to meet the exam entry deadline for paper based exams.
2 In order to register for the paper based exams the closing dates for early, standard and late exam entry are easy to remember – 8th is the date!
Registration, Subscription and Exam Entry Fee – 2012
Initial Registration £77
Subscription £77 (due on 1st January every year)
Re-registration fee £77, in addition to any amounts unpaid at the time of resignation/removal.
For the latest fees please see:
http://www2.accaglobal.com/students/acca/info/fees
The closing dates for early, standard and late exam entry are easy to remember – 8 is the date!
December exam session
8 September Early exam entry (online only)
8 October Standard exam entry (online and paper)
8 November Late exam entry (online only)
June exam session
8 March Early exam entry (online only)
8 April Standard exam entry (online and paper)
8 May Late exam entry (online only)
3 If you already have some qualifications you may not have to take all of the exams in the ACCA Qualification. The details of the exemptions available to students can be found on the ACCA website.
Entry Requirements
Students may choose one of two entry routes.
No formal academic qualifications (Foundations in Accountancy (FIA Route)
Foundations in Accountancy offers various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, experience and future career aspirations. There is no time limit. You can complete this certificate in siz months or less.
Students who complete papers:
FAB (Accountant in Business),
FMA (Management Accounting) and
FFA (Financial Accounting)
can then transfer to ACCA with exemptions from F1-F3 as exams in these papers are exactly the same as exams F1, F2 and F3 of the ACCA Qualification.
Meeting the minimum entry requirements for the ACCA qualification:
If you have a minimum of 2 A Levels and 3 GCSEs or equivalent, you can register for the ACCA Qualification and start your studies at the Knowledge module with F1, F2 and F3.
Exemptions for Prior Learning:
If you already have some qualifications, you may not have to take all of the exams in the ACCA Qualification. The details of the exemptions available to students can be found on the ACCA website.
PER (Practical Experience Requirement):
ACCA Qualification trainees who have passed their exams but have not yet qualified for membership are referred to as affiliates.
Affiliates have the achievement of passing the exams, however are still trainees working towards completing ACCA’s practical experience requirements (PER) with the goal of qualifying for membership.
ACCA’s practical experience requirement (PER) is a key component of the ACCA Qualification. To become an ACCA member all trainees – students and affiliates – must successfully complete:
• the ACCA exams
• the Professional Ethics Module*
• the practical experience requirement.
ACCA’s PER is based on the International Federation of Accountants (IFAC) International Education Standard 5, Practical Experience Requirements. ACCA’s PER develops trainees’ professional knowledge and values, ethics and attitudes required to perform their work with professional competence. The students should obtain 36 months PER to apply for membership.
Four main components of the PER are as follows:
• achieve nine (9) Essentials and at least four (4) Options performance objectives (making a total of 13 or more) to the satisfaction of your workplace mentor
• record and report your PER progress through the trainee development matrix (TDM)*
• complete 36 months’ experience in one or more accounting or finance-related roles
• make a PER return each year
What can we offer?
Edgware Academy is committed to provide quality education and to ensure your success in exams. We provide classroom based tuition as well as one to one tuition for students . For further details regarding one to one tuition please contact us.
How much does it cost? (Classroom based)
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FEES |
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No. of subjects |
Total fee |
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6 |
£2250 |
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9 |
£3375 |
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12 |
£4500 |
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14 |
£5625 |
Please note that the above fees include course material.
