ACCA - All level

 Here's a more detailed breakdown of the ACCA (Association of Chartered Certified Accountants) qualification:

1. Structure:

• Foundation Level: For individuals with no or limited accounting background. Includes three exams: Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA).
• Applied Knowledge: Three exams covering the basics of accounting: Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA).
• Applied Skills: Six exams focusing on the application of knowledge in real-world scenarios: Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM).
• Strategic Professional Level: Consists of two modules:
  • Essentials: Includes two exams: Strategic Business Leader (SBL) and Strategic Business Reporting (SBR).
  • Options: Choose any two from four exams: Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX), and Advanced Audit and Assurance (AAA).

2. Eligibility:

• No specific educational background required for entry, although a strong foundation in mathematics and English is beneficial.
• Prior qualifications may exempt candidates from certain exams.

3. Exams:

• Computer-based exams for the Foundation and Applied Knowledge levels.
• Paper-based exams for the Applied Skills and Strategic Professional levels.
• Exams are held during specific exam sessions throughout the year.

4. Practical Experience Requirement (PER):

• Candidates must complete three years of relevant practical experience before obtaining full ACCA membership.
• PER can be completed before, during, or after the exams.

5. Career Opportunities:

• ACCA opens doors to various career opportunities in accounting, auditing, finance, taxation, consultancy, and corporate management.
• Job roles include financial analyst, auditor, management accountant, tax consultant, financial controller, CFO, and more.
• ACCA qualification is globally recognized, facilitating opportunities for international careers.

6. Professional Ethics Module:

• Before completing the qualification, candidates must complete the Professional Ethics module, emphasizing ethical behavior and professional values.

7. Continuing Professional Development (CPD):

• ACCA members must engage in CPD activities to maintain their professional competence and stay updated with industry developments.

Overall, ACCA offers a comprehensive pathway to becoming a qualified accountant, providing a blend of technical knowledge, practical skills, and ethical understanding essential for a successful career in accounting and finance.