ACCA
- Duration: 24 months (Minimum)
- Course Fees: £ 300.00 per module/ per paper – 4 modules per exam sitting.
- Start Dates: October 2009
- Entry: As required by ACCA (given below)
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, practising in accounting firms, or pursuing a career in business.
Careers
The ACCA Qualification embeds the global accounting education standards set by the International Federation of Accountants (IFAC). There is a strong focus on professional values, ethics, and governance. These skills are essential as the profession moves towards strengthened codes of conduct, regulation, and legislation – with an increasing focus on professionalism and ethics in accounting. These are examined at the highest level in the ACCA Qualification and are a core element of your practical experience requirements.
Entry requirements
ACCA offer you various entry points on to the ACCA Qualification, depending on your age and previous academic qualifications
Minimum entry requirements
02 A Levels and 03 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
Completion of CAT Foundation, Intermediate and Advanced Levels provides direct access to Skill Level of the course.
Duration:
The length of time it takes to qualify as an ACCA member depends on you. The ACCA Qualification is designed to be flexible. Although recommend to complete the practical experience along with passing the exams. You can take a maximum of 04 exams every 06 months. On average, an individual registering with the minimum entry requirements, and studying on a full-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 02 years relevant experience could complete the qualification in as little as one or two years. 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 Skills (FA)
- 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)
CIMA
- Duration: 24 months (Minimum)
- Course Fees: £ 300.00 per module/ per paper – 3 modules per exam sitting.
- Start Dates: February 2009
- Entry: Age over 19 years and as required by CIMA (given below)
CIMA – The Chartered Institute of Management Accountants – is a leading membership body that offers an internationally recognised professional qualification in management accountancy, which focuses on accounting for business. As an organisation CIMA is committed to constant improvement, and its reputation as a professional and regulatory body has never been stronger. CIMA found to be the first choice for students and employers.
CIMA upholds high ethical and professional standards to maintain public confidence in management accountancy. CIMA members and students must adhere to CIMA’s ethical guidelines, by-laws and regulations. All CIMA’s governance activities – overseen by the Council and its committees – underpin the commitment to maintain the professional standards and competence of our members and students.
The CIMA Professional Qualification is highly regarded and recognised by business around the world. One of the greatest strengths of the CIMA syllabus is the flexibility it allows you to have whilst studying.
Entry: Your entry level will depend upon your previous experience.
1. The Certificate in Business Accounting is the pre-requisite for the Professional qualification or
2. a related degree or a professional qualification in accounting or business subjects.
The syllabus is made up of three elements:
The Managerial level is made up of six subjects:
- P1 Management Accounting Performance Evaluation
- P2 Management Accounting Decision Management
- P4 Organisational Management and Information Systems
- P5 Integrated Management
- P7 Financial Accounting and Tax Principles
- P8 Financial Analysis
The Strategic level is made up of three subjects:
- P3 Management Accounting Risk and Control Strategy
- P6 Management Accounting Business Strategy
- P9 Management Accounting Financial Strategy
The Test of Professional Competence in Management Accounting (TOPCIMA) – one exam based on a case study. Kindly refer CIMA literature for further information.
All of the exams are three hours long and have a pass mark of 50%. It is essential that you read the subject syllabus before starting your studies.
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