There are no admission criteria; you may begin at any level. However, if you have no formal qualifications, we highly advise you to begin with the ACCA Diploma in Financial and Management Accounting (RQF Level 2), especially if you have not finished any studies in a long time. The course is full of exams, and it is important to start preparing early.
ACCAD is committed to providing accessible education to all our students. If you need assistance with any aspect of your studies or finding suitable accommodation, please contact us at [email protected] We will do our best to help you.
UCAS Track allows you to study for both the ACCA and CIMA exams at the same time. There is no requirement to choose either the ACCA or CIMA route first. It is entirely up to you what qualification you would like to go for but it is advisable to decide before you start studying as there are limitations on which courses you can take towards both qualifications.
It is possible to complete the ACCA and CIMA exams within one year, provided you study 15 hours per week. You must then wait another year before you can apply again for both examinations.
The amount of work required to achieve both certificates is equal. You will be able to find out about alternative routes to certification on the UCAS website.
You must have at least two A levels and three GCSEs, or the Level 3 (Advanced) AAT certificate, to begin at the Applied Knowledge level. You can register for the ACCA Foundations in Accountancy degree if you hold a Level 2 (Foundation) AAT certificate but do not fulfill the A level and GCSE criteria.
To continue onto the Intermediate level, you need to have achieved at least one more A level of study. The next step up is the Professional level, which requires two more A levels or the Advanced Certificate in Accountancy.
It is possible to gain entry to the ACCA through other routes, such as working your way through college or taking professional development courses, but these are not assessed by the AAT and so cannot count towards qualifying for the Certificate.
ACCAs are responsible for setting ethical standards in accountancy and promoting high quality education and training in the field. They also provide information on accounting and financial reporting requirements to members and others interested in learning about them.
There are four main types of ACCA: Independent, small firm/self-employed, large firm/employer and academic/research. Independents are not bound by any contract or agreement with another accounting body or company and so are free to set their own policies on issues such as qualification requirements, fees paid, etc.
If you have three O Levels, a Matriculation, or an Intermediate, you may begin your path to becoming an ACCA member with our Foundation Diploma. After completing the Foundation Diploma (the first seven Foundations in Accountancy examinations), you can go to the ACCA Qualification. There are two routes into the ACCA: through employment and via training. The employment route is usually preferred by people who want to become accountants immediately. The training route can be used by people who want to learn about accounting first; for example, if they then want to study for a degree.
You can only take one of the two exams at each sitting. If you fail either exam you will need to wait until it's offered again before trying again. You can't just pay to re-take an examination. Once you've failed an examination you have five years to take it again.
The ACCA offers four types of qualification: Certificate, Diploma, Advanced Diploma and Full Accreditation. They all involve studying for and taking examinations on topics related to accounting. However, the content and level of theory required on the exams is different for each type of qualification. For example, someone who has completed only the Foundation Diploma but would like to go further can do so by taking more examinations at higher levels. This would lead to a Graduate Certificate, then a Graduate Diploma, etc.
Students must complete the following tasks in order to obtain the ACCA Qualification:
To be eligible for admission to the ACCA qualification, you must be at least 18 years old and have passed the 10+2 examinations with an aggregate of 65 percent in Mathematics/Accounts and English and a minimum of 50 percent in other courses. The ACCA professional tests are given twice a year, in June and December. The exams cover topics such as financial accounting, managerial accounting, taxation, auditing, and more.
In addition, you should fulfill some work experience requirements to be considered for admission: 30 hours of relevant work experience, of which at least 6 months must be after the age of 21; or an equivalent combination of education and experience. Applicants without work experience may still be admitted provided they meet all other eligibility requirements.
Those who qualify will be invited to sit two trials, one in January and another in July. Successful candidates will then be informed about their results, after which they will be notified within 14 days if they have been successful in getting a place on the training course. If not, they will be able to apply again after one year.
The training program lasts for 12 weeks in total, during which time participants will be required to attend classes between 9 a.m. and 5 p.m., take part in group activities, and complete several exercises and projects. Upon completion of the course, candidates will be awarded a certificate from the Institute of Chartered Accountants of India (ICAI).
There is no minimum age to begin ACCA, however if an applicant is under 18 and a resident of either Malaysia or Kenya, we may require parental approval. Is it necessary to pay all costs, including exemptions and subscription fees, when you register as a student? Yes, payment of all registration fees is required at the time of registration.
Exemptions and subscriptions are payable in advance of each course. Exemptions are discounts granted by ACCA to individuals who qualify based on financial need. Subscriptions allow students to receive a monthly electronic bulletin from ACCA containing information about courses offering exemption opportunities, new articles published by ACCA, and other news relevant to our industry.
All exemptions and subscriptions must be paid in full before a valid registration can be issued. If you fail to pay your fees within the specified period, you will have to re-register at the current fee level.
In order to claim any exemptions or subsidies, you must provide proof of eligibility. This may include a copy of your most recent tax return, evidence of financial hardship, and/or verification of employment for those claiming financial need.
Those who cannot afford to pay the full registration fee may wish to consider applying for a grant. There are several sources of funding available, such as government grants and scholarships. Applicants should search for funding that matches their needs and apply accordingly.