The ACCA Qualification Brochure PDF
The ACCA Qualification Brochure PDF
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2 T H E ACC A Q UA L I F I C AT I O N
A career in accountancy is a
great choice and can offer you
excellent job prospects. You could
work your way right to the very
top of an organisation with the
right professional accountancy
qualification. And because
accountants play a central function in
any business, accountancy can offer
you prestige and responsibility.
ACCA is known as the global body What qualifications you have now
for professional accountants and will determine at which point you
our qualifications are available start your journey with us. There are
around the world. It means you can lots of qualifications you can pick
study and work wherever you wish up along the way to measure your
your career path to take you. success and keep you motivated.
Collect qualifications
along the way
As you study and train for the ACCA Qualification, there are
lots of qualifications you can achieve along the way as you
progress towards ACCA membership. This is a great way to
demonstrate to employers the knowledge and skills you have
acquired and helps keep you on track and motivated.
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4 T H E ACC A Q UA L I F I C AT I O N
Is this suitable for me? How long will it take WHAT’S INVOLVED?
You should choose this qualification to complete?
if you want to become a professional It depends on what qualifications To achieve the ACCA Qualification you
accountant and have the choice of you have before you register with will need to complete exams, an ethics
working in any type of accountancy us. The quickest way to qualify is to module and practical experience.
sector, either in your own country or work and study at the same time. If
other countries around the world. you do, you could qualify in three or Exams
four years. Studying for the ACCA
Do I need any Qualification is very flexible and You need to complete 14 exams
qualifications to start? you can progress at your own pace. in total. A maximum of nine
Yes. You need a minimum of ACCA has a ten year time limit, from exams in the Fundamentals level
three GCSEs and two A levels, the date of registration, for you to are available for exemption.
in five separate subjects, complete the exam component.
including maths and English, FUNDAMENTALS LEVEL
or equivalent qualifications. Can I miss out some
exams if I have relevant Knowledge exams
If you don’t have these minimum qualifications?
F1 Accountant in Business
qualifications, you should register Yes. For example, if you have a
F2 Management Accounting
for Foundations in Accountancy and relevant degree from an accredited
F3* Financial Accounting
study for one, or all, of our entry- institution, you may be exempt from
level qualifications. Please visit our our first nine exams, leaving you Skills exams
website for more information. only five exams to complete. Please F4** Corporate and Business Law
visit our website to check what F5 Performance Management
How difficult is it? exemptions you may claim based F6** Taxation
Professional exams are hard work, on your previous qualifications. F7* Financial Reporting
so only those with the determination F8* Audit and Assurance
to succeed should apply. The Do i just need to pass exams F9 Financial Management
Fundamentals level (the first nine to become ACCA qualified?
papers) is equivalent to degree No. You will also need to complete PROFESSIONAL LEVEL
level and the Professional level is three years’ relevant practical
equivalent to a master’s degree. experience and achieve 13 P1 Governance, Risk and Ethics
performance objectives. Don’t forget, P2* Corporate Reporting
What kind of work could I you will also need to complete the P3 Business Analysis
do with this qualification? Professional Ethics module too.
As a qualified chartered certified Two of the following options
accountant you could work in any Can I go on to do other P4 Advanced Financial
sector, in any type and size of ACCA qualifications? Management
organisation. For example, with Yes. As an ACCA member, you will P5 Advanced Performance
the ACCA Qualification you can be required to keep your knowledge Management
specialise in one area of accountancy, and skills up to date. We provide P6** Advanced Taxation
eg audit or tax, with a small firm lots of learning opportunities for P7* Advanced Audit and Assurance
of accountants or one of the big you to do this, including technical
accountancy firms. Or you may resources, articles to read, courses * These exams are based on
wish to work in a consultancy role, and seminars. We also offer an MBA international standards for financial
provide financial information and with Oxford Brookes University for reporting and auditing and have
advice, or manage the finances of members who wish to achieve a also been adapted for national
a large multinational company. generalist business qualification. accountancy practices in Hong Kong,
Ireland, Singapore and the UK.
Ethics
Experience
You will need to complete three years’ relevant practical experience and achieve
13 performance objectives. This will help you to demonstrate to potential
employers that you can apply your knowledge to the workplace and are
ready for business. You can achieve your work experience before, at the same
time as or after completing your exams. Ideally, at the same time is best.
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6 T H E ACC A Q UA L I F I C AT I O N
Thinking big
FAST FACTS
Job title SENIOR MANAGER
– ADVISORY
Employer KPMG BARBADOS
Studies Joined ACCA in 1998,
completed his final
exams in December
2000 and achieved
membership in 2001
Career at 12 years’ experience
a glance working mainly in financial
advisory services in
Barbados, the Bahamas
and Canada in offshore
banking, insurance,
telecommunications,
retail, hospitality, tourism
and leisure, oil and gas,
government and not-for-
profit organisations
Hobbies ‘Liming’ (hanging out) with
friends and playing the piano
IN PRACTICE
WHAT’S INVOLVED?
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8 T H E ACC A Q UA L I F I C AT I O N
27. Sarah has now seen ‘ACCA isn’t an easy option. It will
the world, and has take hours of study, experience
and hard work. But the dedication
never looked back. will pay dividends as employers
recognise the value qualified
‘I left school at 16 and started accountants bring to business. It’s
work the following day in an a profession with great flexibility,
ironmonger’s shop,’ says Sarah. which truly can be fitted in around
‘I sold everything from fine china “life” in terms of work/life balance.’
to maggots! From there, I held
a variety of jobs in a number of Sarah attempted four exams each
sectors including engineering, local exam session every six months. But
authority, education, agriculture, towards the end of her studies she
and also in charity. At the same focused on one paper at a time.
time I went to night school to gain ‘There were some papers I found
some qualifications. I was 27 when I easy and passed first time and there
made my big decision. I had two job were some that I struggled with,’
options – driving an ambulance and admits Sarah. ‘There was always a
training to be a paramedic or taking dilemma between studying fewer
a role as an internal audit clerk. And papers and attempting to get a good
the rest, as they say, is history.’ pass first time, or studying as many
as I could and then retaking any that
Just over a decade later, Sarah is I failed. I decided that, for me, there
now a senior internal auditor at was more value in qualifying than
Shell, a global group of energy being a prize-winning student.’
and petrochemicals companies
with around 101,000 employees in Sarah completed her final exams in
more than 90 countries. ‘Internal 2003. ‘Attaining ACCA after all the
audit is more common sense than hard work finally gave my mother
rocket science,’ explains Sarah. the opportunity to “wear a hat”
‘Essentially, what I do is find out at my graduation. I remember the
what management wants to achieve, first time I wrote “ACCA” after
identify what can get in the way, my name. I’d been asked to write
and assess whether or not there a reference for somebody and it
are controls in place to allow them was a fantastic feeling to add the
to manage, monitor and evaluate authority of my designation.’
their progress towards their goals.’
9
FAST FACTS
Job title SENIOR INTERNAL
AUDITOR
Employer SHELL
Studies Joined ACCA in 1998,
completed her final exams in
February 2003 and achieved
membership a month later
Career at 12 years’ experience working
a glance across Africa, Asia, the
Middle East, Europe and
the Americas, including
assignments in Port
Harcourt, Nigeria; Tehran,
Iran; Damascus, Syria;
and Anchorage, the US
Hobbies Caring for four
horses and two dogs,
gardening, reading and
listening to music
Preparation
Finding out about the business.
Fieldwork
Interviewing, reviewing evidence
of risk management controls,
documenting results.
Wrap
Concluding on the effectiveness of
risk management controls, performing
root cause analysis on control
gaps and failures, agreeing actions
to address the deficiencies with
management, and issuing the report.
Her work covers ‘upstream’ – getting the
oil/gas out of the ground and through
to a point for processing, ‘midstream’
– initial processing (such as liquefying
natural gas), ‘downstream’ – turning the
condensate into chemicals, lubricants
and by-products at the refineries, through
to sales on the garage forecourt.
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10 T H E ACC A Q UA L I F I C AT I O N
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12 T H E ACC A Q UA L I F I C AT I O N
In terms of the
usual time and
costs involved
in undertaking a
degree it’s great
value for money
and a clever way
of getting your
ACCA studies
recognised by a
UK university.
13
Degree of
confidence
Affan Ali, originally from Pakistan and
now living in Singapore, completed
the CAT exams, ACCA exams and
gained a degree from the UK’s leading
modern university, all within five years.
‘What’s best is that I didn’t have to
repeat any studies,’ says Affan. ‘I
used the CAT Qualification as a fast-
track on to the ACCA Qualification,
and the ACCA exams I passed
contributed towards achieving the
BSc degree. It meant I only needed
to complete a Research and Analysis
Project and the Professional Ethics
module to gain a BSc (Hons) degree
in Applied Accounting awarded
by Oxford Brookes University.’
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14 T H E ACC A Q UA L I F I C AT I O N
Ready to APPLY?
You can register at any time of the year. The easiest and quickest way to
apply is online. There are lots of extra benefits if you do. You can:
–– upload all your supporting documentation, saving time and postage costs
–– apply online for any of ACCA’s range of qualifications
–– plan ahead and enter for your exams at the same time, saving you time and
money (there are discounts available for early exam entry – please note this
service will be available later in the year)
–– claim provisional exemptions so you know at which level you can start
your studies, immediately after completing your application
–– track your application
–– start studying! Your application will only take a short time to process
and we will confirm at which level you can progress your studies.
If you can’t apply online, you will need to submit a paper application form.
You can obtain a paper application form by contacting your nearest ACCA
office or contact ACCA Connect – our global customer contact centre. You’ll
find the details on our website and on the back cover of this brochure.
Please note, if you submit a paper application form you will need to allow
plenty of time for your application to be processed so you can, if you wish,
sit exams at the next available exam session. We start issuing exam entry
forms from mid February and August for exams in June and December.
And don’t forget to allow extra time for postal delivery services from
your home country to the UK. Please visit the ACCA website, contact
ACCA Connect or your local ACCA office for further information.
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