As a matter of fact, the professional body was founded in 1904, to offer the Chartered Certified Accountant qualification.
Moreover, the headquarters of the ACCA’s is located in London with a principal administrative office in Glasgow.
Furthermore, there are 52 countries in the world where ACCA is running, examining and awarding certificates to students.
Also, the body obtained its charter, which is referred to as “Royal Charter” in 1974.
For this reason, people who hold the ACCA certificate must submit and comply with all the rules and regulations that binds members of the professional association.
Apart from the professional ethics of the ACCA, members shall also obey and comply with the relevant Accounting Standards at any point in time.
Surely, every professional body must be relevant to the needs and aspirations of the society within which ACCA it operates.
Now, the question is -” What qualification do you get after passing to to become a member of ACCA?”
As a matter of fact, when you become a member of the association, you are awarded with a “Chartered Certified Accountant”.
Thus, one good news about ACCA is that, Oxford Brookes University offers you a Science (Honours) degree in Applied Accounting (after completing the Fundamentals level of the exams).
In details, the fundamental level examination consist of Ethics and Professional Skills module. In addition to that, you will undertake and submit a Research and Analysis project in order to be awarded the degree.
Again, upon full completion of the ACCA course, the UK NARIC and Department for Education awards a UK master’s degree to ACCA students.
Also, there are other qualifications that you would be able to get from certificate awarding bodies and institutions upon successful completion of the course.
Surely, ACCA offers professional examination worldwide four times yearly – in March, June, September and December.
Indeed, the exams are written at ACCA license centers across the world. For this reason, find out the details of the September 2020 ACCA Time Table from our site.
Truly, from September 2018 onward, the syllabus is made up 13 examinations and an Ethics and Professional Skills module (EPSM). Sometimes, a student get some exemptions.
Moreover, Data Analytics unit was added in EPSM in April 2019.
The Applied Knowledge Level consists Of 3 Examinations:
- AB – Accountant in Business
- MA – Management Accounting
- FA – Financial Accounting
The Applied Skills Level Consists Of 6 Examinations:
- LW – Corporate And Business Law
- PM – Performance Management
- TX – Taxation
- FR – Financial Reporting
- AA – Audit And Assurance
- FM – Financial Management
The Strategic Professional level is made up of 4 examinations: 2 from Essential and any 2 from Options.
Essential (or Compulsory):
- SBL – Strategic Business Leader
- SBR – Strategic Business Reporting
- AFM – Advanced Financial Management
- APM – Advanced Performance Management
- ATX – Advanced Taxation
- AAA – Advanced Audit and Assurance
Indeed, when you undertake the professional examination and complete successfully, you gain an “Affiliate Status”.
In addition to that, if you wants to gain admission to full membership, then you must apply with evidence to show that you have a minimum of three years of acceptable, supervised, practical experience in an accountancy role (or roles) and have attained the required standard of competence.
As a matter of fact, from 2008, ACCA awards you a Fellowship, or senior membership automatically after a 5 years’ continuous membership, subject to compliance with Continuing Professional Development requirements.
Continuing Professional Development
Members of the ACCA fraternity must continue to develop themselves even after certification in order to keep up with changing trends in the profession.
Before 2005, Continuing Professional Development (CPD) was mandatory only for holders of ‘Practicing Certificate’ and ‘Insolvency License’.
Certainly, the under listed countries and jurisdiction is recognize and accredits the professional body: [expand title=””]
- United Kingdom and Ireland
- New Zealand
- Caribbean, Central and South America
- Caribbean, Central and South America
- South Africa
- Hong Kong
- United Arab Emirates
- And many others [/expand]
When you finish the ACCA program, you are likely to obtain other global qualifications in addition to the the “Chartered Certified Accountant”. This is factual about the ACCA Professional Course and Certificate
- Registration and subscription fees
- Initial registration £32
- Re-registration £79
- Standard annual subscription 2020 £112
- Reduced annual subscription 2020 £55
Now, what are ACCA exemptions? Truly, the body offers exemption from the Foundation level or ACCA Qualification exams, base on your previous learning.
Thus, this helps to ensure that you start at a level that suits you. Specifically, in order to get exemption, you need to call the ACCA phone number that is stated below:
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