ACCA    FIA

ACCA

 

acca-2

ACCA stands for the Association of Chartered Certified Accountants. The ACCA was founded as one of the World's leading professional accounting bodies based in U.K. (United Kingdom) and is recognized as a truly international qualification whose members command great respect in many areas of business.

By becoming an ACCA member one can operate at the highest levels of business, at the forefront of national government and in partnership positions within leading public practice firms. The superb technical knowledge one will gain through your qualification will give access to premium opportunities. One of the greatest strengths of the ACCA syllabus is the breadth and depth of the subjects that it covers. Not only will one have a qualification that is relevant on a global scale, but also by having the choice to take option papers in one’s area of interest and based on relevance to one’s workplace.

Qualification Awarding Body
Association of Chartered Certified Accountants, U.K

Duration
36 months (full time and part time)

Entry Requirements
To be eligible for direct, a registering student must meet one of the following criteria:

  • Passed Grade XII or the equivalent with 5 exam passes (including English and Accountancy or Mathematics) with at least 65% in 2 subjects and 50% in the remaining subject (need to complete 14 exams under the ACCA program)
  • Not passed Grade XII with above exam scored but completed the FIA (Foundations in Accountancy) exams namely FAB, FMA and FFA (3 exams) offered by ACCA (need to complete only 11 exams under ACCA program after this)
  • Be a graduate or Post graduate from a recognized university, in which case exemptions will be available from some of the exams depending on the university and the degree. Further details regarding exemptions available on accaglobal.com/exemptions

Professional Membership requirements

  • Complete all ACCA exams (or be exempted)
  • Obtain 36 months practical experience in any finance/accounting role
  • Complete the professional ethics module online

Course Intakes

  • For June exam sitting: classes start in Feb/March for F4 upwards and in April for F1/2/3
  • For December exam sitting: classes start in Aug/Sept for all papers
  • For March exam sitting: classes start in January (selected papers only)
  • For September exam sitting: classes start in July (selected papers only)

Exams to be taken

FUNDAMENTALS – KNOWLEDGE LEVEL

Accountant in Business (F1)
To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

Management Accounting (F2)
To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

Financial Accounting F3
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.

FUNDAMENTALS – SKILLS LEVEL

Corporate and Business Law (ENG) (F4)
To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognizing the need to seek further specialist legal advise where necessary.

Performance Management (F5)
To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.

Taxation (UK) F6
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies and groups of companies.

Financial Reporting (INT) (F7)
To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

Audit and Assurance (INT) (F8)
To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

Financial Management (F9)
To develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.

PROFESSIONAL – ESSENTIALS LEVEL

Governance, Risk and Ethics (P1)To apply relevant knowledge, skills and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance and the management of risk within an organisation, in the context of an overall ethical framework.
Corporate Reporting (INT) (P2)
To apply knowledge, skills and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.

Business Analysis (P3)
To apply relevant knowledge, skills, and exercise professional judgement in assessing strategic position, determining strategic choice, and implementing strategic action through beneficial business process and structural change; coordinating knowledge systems and information technology and by effectively managing quality processes, projects, and people within financial and other resource constraints.

PROFESSIONAL – OPTIONS LEVEL (CHOOSE ANY TWO)

Advanced Financial Management (P4)
To apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation.

Advanced Performance Management (P5)
To apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

Advanced Taxation  (P6)
To apply relevant knowledge, skills and exercise professional judgment in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

Advanced Audit and Assurance (INT) (P7)
To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

Costs

  • Initial registration fee payable to ACCA: £79 by online payment at the time of registration on accaglobal.com
  • Exam fee payable to the ACCA when registering for exams: £72 for F1-F3, £93 for F4 to F9 and £110 for P1-P7 (this cost is spread across the duration over which the student pursues the exams and are based on the early exam fee payments. For further details please check www
  • Tuition fees and course material costs payable to Phoenix Financial Training. This will vary for each exam depending on the duration and type of course taken. Please consult the enrolment form for detailed paper wise fee. If you receive exemptions for certain papers the tuition classes will not be required to be taken and consequently these costs will not be incurred for those papers.

How to register?

  • To register with ACCA visit accaglobal.com or contact the Phoenix office for any guidance or support in the registration process

To register for classes please download and submit a duly completed enrolment form from the Study with Phoenix section or as obtained from the Phoenix office

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