ACCA – Association of Chartered Certified Accountants

About ACCA

ACCA– Association of Chartered Certified Accountants (ACCA) is a global professional accounting body that offers a highly respected and recognized qualification for individuals pursuing careers in accounting, finance, and business. Founded in 1904, ACCA is headquartered in London, and it has a presence in over 180 countries with more than 200,000 members and 500,000 students worldwide.

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Qualification Overview

  • ACCA Qualification: The ACCA qualification is designed for those seeking to become professional accountants. It is internationally recognized and respected, offering a pathway to senior roles in accounting, auditing, tax, finance, and management.
  • Exams: The qualification consists of 13 exams (divided into three levels: Applied Knowledge, Applied Skills, and Strategic Professional). However, some exams may be exempted based on prior qualifications, such as a university degree in accounting or finance.
  • Practical Experience: In addition to passing exams, candidates must also complete 36 months of relevant work experience to qualify for membership. This ensures that ACCA members are not only academically proficient but also have hands-on experience in the field.

The Knowledge Level trains the students with the foundation level in accounting and finance. The ACCA Level 1 subjects are:

•Financial Accounting (FA)

•Business and Technology (BT)

•Management Accounting (MA)

The Skill Level comprises advanced knowledge and strategic management skills.

•Financial Management (FM)

•Corporate and Business Law (LW)

•Performance Management (PM)

•Taxation (TX)

•Financial Reporting (FR)

•Audit and Assurance (AA)

The Professional Level has been divided again into two segments. The exams in the Essential section are mandatory, while candidates must select two subjects from the Optional Section.

Essentials

  • •Strategic Business Reporting (SBR – INT)
  • •Strategic Business Leader (SBL)

Optional (2 of 4)

•Advanced Financial Management (AFM)

•Advanced Audit & Assurance (AAA – INT)

•Advanced Performance Management (APM)

•Advanced Taxation (ATX – UK)

Key Areas of Study:

Financial Accounting & Reporting

Core accounting principles, financial reporting standards, and the preparation of financial statements.

Management Accounting

Focus on cost management, budgeting, and financial planning.

Audit and Assurance

Techniques and standards used in auditing financial statements and ensuring compliance with regulations.

Taxation

Understanding the tax regulations and how they impact individuals and businesses.

Financial Management

Understanding the tax regulations and how they impact individuals and businesses.

Strategic Management & Leadership

High-level knowledge of strategy development, leadership skills, and decision-making in business.

Career Opportunities

ACCA qualification opens doors to a wide range of careers, including roles in financial management, auditing, taxation, consultancy, business analysis, and financial planning.

ACCA members often work in public practice firms, corporate finance, government, NGOs, or as entrepreneurs.

Many professionals use the ACCA qualification to move into senior financial roles, such as CFOs, financial controllers, or senior auditors.

Global Recognition

International Standards: ACCA’s qualifications are recognized in many countries, allowing members to work globally in accounting and finance roles.

Network and Support: ACCA offers a wide range of resources for students and members, including online learning platforms, networking opportunities, career development, and continued professional education (CPE).

Ethics and Governance: The ACCA is committed to high ethical standards in the profession. It integrates ethics into its syllabus and requires members to uphold integrity and professionalism in their work.