ACCA – Association of Chartered Certified Accountants
ACCA stands for the Association of chartered certified Accountants. This organization provides a framework of qualifications that can lead to Chartered Accountancy. After the skills module of the examinations, students are eligible for obtaining a BSc. (Hons.) in Applied Accounting from the Oxford Brookes University, the UK.
FUNDAMENTAL LEVEL (9 papers in total)
Knowledge module (Previously Part 1)
F1 Accounting in business
F2 Management accounting
F3 Financial accounting
Skills module (Previously Part II)
F4 Corporate and business law
F5 Performance management
F7 Financial reporting
F8 Audit and assurance
F9 Financial management
(Previously Part III) (5 papers in total)
Essentials module (Previously Core Papers)
P1 Governence, Risks and Ethics
P2 Corporate reporting
P3 Business analysis
Options module (Any two of the following)
P4 Advanced financial management
P5 Advance performance management
P6 Advanced taxation
P7 Advanced audit and assurance
2 passes at GCE/VCE A Level (grades A-E) plus 3 passes at GCSE/Vocational GCSE/GCE O Level (grades A-C or 1-6) in 5 separate subjects including English and Mathematics.
(Intermediate Examinations/ Higher School Certificate at 50% or above can be accepted as a substitute for O Levels)
Benefits of the ACCA Qualification
- Maximum time allowed to complete the qualification is 10 years and its flexible mode provides students an opportunity to work while they are studying.
- Better employment prospects due to international recognition of the qualification.
- Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law.
- Candidates not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organizational management and strategy development.
- The qualification does not concentrate only on theory, and unlike Universities prepares a graduate for practical usage.
- Gives a unique position in a job market making you more competitive not only within your company or sector, but among your colleagues in the European Union, as well as enabling you to work abroad.
- Personal satisfaction of having acquired the business skills and, if all that is not enough studies in English improve your business English.
- Opportunity to have UK universities BSc (Hons.) after passing 9 papers out of total 14 papers and to pursue MBA from international universities.