If you are looking for a professional qualification that has:
Unlimited career prospects
Possibility of employment in a variety of companies all over the world
Then you are looking for ACCA!
The Association of Chartered Certified Accountants (ACCA) is the global body for professional Accountants with 154,000 members and 432,000 students. ACCA provides services through a network of 87 offices and centres. Becoming a member of the Association requires successful completion of the two levels of examinations, three years of relevant work experience and the completion of the “Professional Ethics Module”.
Once qualified, the career of a Chartered Certified Accountant is well secured! A Chartered Certified Accountant can be employed in any sector of the economy. A small sample of the positions occupied by ACCA members are: Chief Executives, Senior Partners, Finance Directors, Entrepreneurs, Top Civil Servants etc.
These career positions do not offer just a prestigious status, but a very generous financial remuneration as well!
Training to be an ACCA member will not only provide you with detailed knowledge about accounting, but with a broad based education that will enable you to become a true professional by the end of your studies. As part of this broader education ACCA has an agreement with Oxford Brookes University in the UK whereby ACCA students obtain a degree qualification in addition to their ACCA. The agreement gives students who have successfully completed the first nine papers of the ACCA and the “Professional Ethics Module”, the chance to obtain the BSc (Hons) in Applied Accounting offered by Oxford Brookes, by submitting a “Research and Analysis Project” which is comprised of two separate assignments: the “Research Report” of around 6,500 words, and the “Skills and Learning Statement” of around 2,000 words.
Furthermore, ACCA members have the option to continue their studies and obtain an MBA or an MSc degree at a number of Universities in the United Kingdom. Therefore, they can easily obtain a master’s degree in addition to their ACCA qualification.
ACCA has multiple entry routes, allowing everyone from school leavers to established professionals to register with the ACCA:
- High school leaving certificate with an average mark of 85% (17/20) and above.
- High school leaving certificate with an average mark of 80% (16/20) plus LCCI Higher in Accounting (pass).
- Successful completion of 2 GCE “A” Levels (grade A-E) or 3 LCCI Higher (pass) and 3 GCE “O” Levels (grade A-C).
- Successful completion of FIA (Foundations in Accountancy) Diploma in Accounting and Business or Certified Accounting Technicians - CAT (provides exemptions from the first 3 papers).
- University degree irrespective of major (relevant degrees may provide exemptions from certain papers).
The ACCA Examinations
The examination structure of ACCA consists of 14 papers, divided into two levels:
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
F4 Corporate & Business Law
F5 Performance Management
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management
Essentials (Compulsory Courses)
P1 Governance, Risk and Ethics
P2 Corporate Reporting
P3 Business Analysis
Options (Select 2 out of 4)
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit and Assurance
The examinations are held twice a year, every June and December. They are conducted under the supervision of the British Council. Cyprus College is as approved Computer Based Examination (CBE) Centre for the first three ACCA papers.
For more information www.accaglobal.com