What is ACCA?

What is the ACCA Program?

The ACCA professional qualification has become a global benchmark of accounting excellence. Its rigorous exam syllabus ensures technical competence in a range of key commercial subjects. And with increased emphasis on ethical awareness and practical experience, it ensures that successful candidates have the skills toolkit to address modern business needs.

Who are the ACCA?

Established in 1904, the ACCA has students and members in 170 countries, and its popularity is endorsed by more than 260,000 students currently training towards the qualification. The combination of high quality exams and training flexibility are attractive to training managers, and ensure that qualified ACCAs are well equipped to deal with the demands of the financial, corporate and public sector markets.

How are the Exams Structured?

The December 2007 exam sitting will be the first of the new ACCA syllabus and exam structure. There are two exam levels, Fundamentals and Professional, both of which are sub-divided into two modules, which sub-divide further into individual exam papers.

Are There Exam Entry Requirements?

The minimum entry requirements are two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics. The Mature Student Entry Route (MSER) is also available to those who are over 21, but do not meet the above criteria.

For further information on entry requirements, please visit www.accaglobal.com

Are There Practical Experience Requirements?

In addition to successfully completing the examinations, to achieve ACCA membership you will also be required to demonstrate 3 years of practical experience and complete a PER (Practical Experience Requirements) record.

For further details of the practice experience requirements, please visit www.accaglobal.com.

What are the Exam Regulations?

· Assuming no exemptions you must complete 14 papers

· You can take a maximum of four papers at any sitting; there is no minimum

· The ACCA insist that modules are attempted in order, but allow individual papers within a module to be attempted out of sequence

· The ACCA allows 10 years from your registration date to complete the exams

Are There Any Exam Exemptions?

You can be exempted from all nine papers of the Fundamentals Level if you hold a relevant accredited accounting degree. Those holding the CAT qualification can transfer to the skills module of the ACCA by claiming exemption from the first three papers in the Knowledge module.

Please visit www.accaglobal.com for full exemption information.

What is the Exam Format?

Exams are sat twice a year, in June and December. The Knowledge papers are 2 hours in duration whilst all remaining papers are 3 hours plus an additional 15 minutes of reading and planning time. All the papers are paper-based, except for the Knowledge Module which is available as both a paper-based and computer-based examination.

What is the Pass Mark?

The pass mark is set at 50% for every paper.

Source : http://www.7city.com/acca_what.php?area=accountancy&outline=acca&course=what&subsec=what&country=uk

What is the ACCA?

ACCA stands for the Association of Chartered Certified Accountants, which is a leading international accountancy body. Its members are required to pass a series of examinations in order to qualify. The qualification is internationally recognised and is treated in other countries as being equivalent to the local one. The examinations cover all aspects of business management from the purely technical - such as bookkeeping and cost accounting - to the more theoretical aspects such as motivational theory and theories of risk. In this respect it is very similar to an MBA, but it offers a much more practical emphasis. The qualification is not aimed at any one particular business sector - the examinations cover all areas of business management. The benefits to the employee of successful qualification are the personal satisfaction of having acquired the business skills, and better employment prospects as a result of having shown their ability in all areas of business. The benefit to the employer of encouraging their employees to qualify is the assurance that the employee has the skills necessary to progress to more senior management positions. Benefits of ACCA qualification: enables you to become a Chartered Certified Accountant, use the designatory letters ACCA, and work in any aspect of finance or management in any business. better employment prospects as a result of having shown an ability in all areas of business. assures an employer that you have the skills necessary to progress to more senior management positions. higher status in the eyes of an employer, and also your clients 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 organisational management and strategy qualification is based on international accounting and auditing standards 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 studies in English improve Business English Why Not MBA? Without doubt MBA programmes offer higher level of advanced education and are prestigious throughout the world, but many of them are recognized neither by workplace nor firms. There are no consistent standards of content or quality of an MBA programme – as these are internally determined and assessed by the university itself. That’s why one MBA degree is not comparable with another. A University degree also concentrates on theory, and only to a limited degree prepares a graduate for practical usage. The ACCA qualification is a passport to a new world of opportunity - once you become a member, the learning process continues throughout your career. The range of educational opportunities includes a degree qualification, a specifically tailored MBA and a constantly updated range of courses in all areas of finance and management.

Source :

http://www.mikelittle.lt/vilnius/acca.html