Association of Chartered Certified Accountants

ACCA symbolizes you as a Great Professional in your domain. Getting qualified in ACCA is a great way to build your career in Accounts and Finance.

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Association of Chartered Certified Accountant (ACCA)
  • ACCA is a global body of successful professionals in the finance and accounting field. 
  • It is a rapidly growing international accountancy organisation with 2,00,000+ members and 4,86,000+ students in 180+ countries as of March 2021.
  • ACCA qualification is a great way to build a career in Accounts and Finance.

How to become an ACCA?

To become an Acca Qualified, the candidate should develop skills required for Finance Professions and also register with ACCA website(www.accaglobal.com) by the following eligibility criteria
  • If the candidate completed 12th standard, needed with an aggregate of 65% in Mathematics or Accountancy with English, and a minimum of 50% aggregate in all other subjects.
  •  The candidate should have work experience of a minimum of 3 years in a relevant organization – This can be taken up during or after the course. 
Note: Students can take up their exams four times in a year.

Who can opt for the ACCA course?

  • 10+2 Commerce Stream Students can opt for ACCA course
  • Candidates currently in any UG degree can opt for ACCA
  • The students with BA/BSc degree can also opt for ACCA courses through Foundation in Accountancy route 
  • Candidates in any PG courses are eligible for ACCA 
  • Students studying for IPCC, ICWA are eligible for ACCA
  • Chartered Accountants(CA) / Cost Accountants(CMA) / Company Secretaries(CS) who want to boost their career with globally acclaimed ACCA.

ACCA Course Duration: 

ACCA course is highly flexible and provides plenty of resources to learn from.
  • Students with no prior work experience can finish the course with exams in 3 years, during or after which 3 years of work experience is required.
  • Students with prior work experience can finish the course in 2-3 years.
  • If a student opts for weekday classes, he/she can finish the course with exams in 2 – 3 years approximately (13 Papers, Foundation Level).
  • If a student opts for weekend classes, he/she can finish the course with exams in 3 – 3.5 years approximately (13 Papers, Foundation Level).

Requirements to Clear ACCA Course

  1. Qualification: 10+2 PASS
    • No. of exams required – 13
    • Exemptions – 0
  2. Qualification: Commerce Graduate
    • No. of exams required – 8
    • Exemptions – BT, MA, FA, LW
  3. Qualification: CA IPCC (Both Groups)
    • No. of exams required – 8
    • Exemptions – BT, MA, FA, TX, AA
  4. Qualification: CA Final
    • No. of exams required – 4
    • Exemptions – BT-FM (9 subjects)

ACCA Course Levels

1. Applied Knowledge level

This level consists of 4 papers and is mandatory to write all at this level.
Who can appear? 
  1. The candidate who have cleared +2 from any stream are capable of doing Knowledge level  exam in ACCA.
  2. Candidates should have an aggregate of 65% in (Mathematics or Accountancy) with English, and a minimum of 50% aggregate in all other subjects.
Exam Papers:
  1. Accountant in Business (AB) / Business and Technology (BT)
  2. Management Accounting (MA)
  3. Financial Accounting (FA)
Exam Pattern:
  • Duration    : 2 Hrs
  • Total marks    : 100 marks
  • Passing marks  :50%
Note:
  • Section A contains objective test questions (OTs)
  • Section B contains multi-task questions (MTQs)

2. Applied Skill Level

This level consists of direct application of Skills, Theories and Models.
Who can appear? 
  • The students who have cleared Knowledge level with 50% are eligible to appear.

Exam Papers:
  1. Corporate and Business Law (LW)
  2. Performance Management (PM)
  3. Taxation (TX-UK)
  4. Financial Reporting (FR)
  5. Audit and Assurance (AA)
  6. Financial Management (FM)
Exam Pattern:
  • Duration : 3 hrs.
  • Passing Marks: 50%
  • Total marks: 100
Note: Students are awarded the Advanced Diploma in Accounting and Business when they have successfully completed (either passed or exempt) the Applied Skills exams.

3. Strategic Professional Level

This final level of ACCA is of Finance and Accounting, providing a broad understanding of essential accounting techniques. It is a postgraduate qualification that equips you for long-term success. Globally recognised for delivering both financial and management accounting skills, it’s designed to prepare you for a variety of different roles within the profession.
Who can appear?
  • Candidates who have completed Applied Skill Level.
Exam Papers:

Essentials:

  1. Strategic Business Reporting (SBR)
  2.  Strategic Business Leader (SBL)

Options (Any 2):

  1.  Advanced Financial Management (AFM)
  2.  Advanced Performance Management (APM)
  3.  Advanced Taxation (ATX-UK)
  4.  Advanced Audit and Assurance (AAA)
Exam Pattern:
  • Total Marks: 100
  • Passing Marks: 50%
  • Exam Duration: 120 minutes

Optional Degrees with ACCA:

1. BSc(Hons) in Applied Accounting with Oxford Brookes University

The Bachelors Honours Degree is an exclusive degree offered to ACCA students through a unique and innovative collaboration between ACCA and Oxford Brookes Business School.          
Qualifying for the degree:

Oxford Brookes University have just aligned their English Language Proficiency requirements with those of ACCA so students no longer need to submit an English language qualification such as IELTS to ACCA for approval. Oxford Brookes University has also provided an alternative to the 10 year rule. To be awarded the Oxford Brookes BSc (Hons) in Applied Accounting you must:

  • The candidates have to pass the three ACCA Applied Skills examinations Financial Reporting (was F7), Audit and Assurance (was F8) and Financial Management (was F9).
  • Have passed, or gained exemption from, the other six papers at the Knowledge Level and Skills Level. Conditional exemptions are not acceptable.
  • Have completed the ACCA Ethics and Professional Skills module (or the previous Professional Ethics module)
  • Be up-to-date with the payment of your ACCA subscription fees. 
  • Demonstrate currency of knowledge by either
  • Passing your RAP within 10 years of the earliest of: the date of your first ACCA examination pass, or the date of your first ACCA exemption being granted or
  • Passing 3 ACCA (Applied Skills or Strategic Professional) examinations in the 5 year period before submitting and passing your RAP.
  • If you hold exemptions for ACCA Applied Skills examinations Financial Reporting (F7), Audit and Assurance ( F8) and Financial Management (F9) then you can forfeit these in order to be eligible for the BSc. Once you have forfeited your exemption you cannot reverse this decision. 

2. MSc in Professional Accounting with London University

Who can apply?
  • All current ACCA members and affiliates can apply to take up this opportunity. 
  • ACCA students will need to complete their exams and progress to affiliate level before they can register for the programme.
Opportunity to gain an MSc in Professional Accountancy
  • The world is changing rapidly and professional accountants of the future need to think ahead. 
  • This means they’ll need to have the right combination of skills to meet the future’s changing needs.
  • To stand out in a crowded job market, we’re offering our ACCA affiliates and members the opportunity to gain an MSc in Professional Accountancy in addition to their ACCA Qualification.
  • This means that as well as having a professional qualification from the world’s most forward thinking accountancy body, you could also have a postgraduate qualification from the University of London, one of the world’s top ten universities.

Career Opportunities as an ACCA

ACCA is also very popular as it provides end-to-end knowledge on IFRS (International Financial Reporting Standards), which again is useful worldwide. That’s why, ACCA offers great scope and job opportunities not only in India but around the world. The jobs you could expect to get with your ACCA qualification:
  • Management Accountant
  • Financial Accountant
  • Corporate Treasurer
  • Financial Controller
  • Finance Manager
  • Fund Accountant
  • Finance Director
  • Chief Financial Officer (CFO)
  • Forensic Accountant
  • Chief Financial Officer
  • Auditor
  • Tax Specialist
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