For UK/EU students only


Level 7 - Association of Chartered Certified Accountants

The Association of Chartered Certified Accountants (ACCA) is one of the largest and fastest growing accountancy bodies in the world. The ACCA has provided world-class accounting and finance qualifications for over 100 years.

ACCA has a presence in over 170 countries and provides career support and services to 131,500 members and 362,000 students through a network of 82 offices and centres. ACCA has 57 global accountancy partnerships, delivering value to accountants and the wider profession around the world.

Members, who are known as Chartered Certified Accountants, are employed in industry, financial services, the public sector, or in public practice. As a member you can also gain the status of Registered Auditor.



*Please click on the link below to read the information.

Entry Requirements

At KBM LSABS, this qualification is open to UK and EU students only. Your starting point may differ depending on your previous academic achievements.

Professional Examination Route

Students with any of the following previous qualifications are eligible to apply:

  • Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics
  • CAT Level B (complete)
  • AAT (UK) Intermediate (complete)
  • BTEC National Certificate (any subjects)
  • Advanced GNVQ (any subject)
  • NVQ Level 3 or 4 (any subject)
  • Degree (any subject, from a recognized institution)*
  • ACCA Certified Diploma in Accounting and Finance (complete)*
  • Full AAT Qualification*

*Student may be eligible for exemptions from some exams, for more information, see the Exemptions section on this page

Exemptions

Some individuals may be awarded some exemptions from Fundamental Level papers, due to their previous academic qualifications. Contact ACCA for further information or visit this webpage to use the Exemption Enquiry Database:
http://www.uk.accaglobal.com/uk/join/qualifications/accaqualification/exemptions

ACCA Exemption Application Dates

31st January - For June exams
31st July - For December exams

ACCA Syllabus

The diagram below shows how the ACCA course is broken down:

    ACCA
    Fundamental Professional
    Knowledge Modules Essential Modules
    Skills Modules Optional Modules

 

Fundamental Level

Fundamental Level


Stage 1: Knowledge Module

This is the first module in the ACCA qualification and is part of the Fundamentals Level. As the title implies, you will be learning about the basic principles of accounting.

There are 3 compulsory papers to complete:

    Unit Number Title Unit Code
    F1 Accountants in Business AB
    F2 Management Accounting MA
    F3 Financial Accounting FA

Stage 2: Skills Module

This is the second module in the ACCA qualification and is part of the Fundamentals Level. At this level, you are developing the basic technical skills that are required to become an accountant. The units require you to analyse, explain and complete detailed calculations.

There are 6 compulsory papers to complete:

    Unit Number Title Unit Code
    F4 Corporate & Business Law CL
    F5 Performance Management PM
    F6 Taxation TX
    F7 Financial Reporting FR
    F8 Audit & Assurance AA
    F9 Financial Management FM

Professional Level

Stage 3: Essentials Module

This is the third module in the ACCA qualification and is first at the Professional Level. This level builds on what you have already learnt. You will be required to analyse, explain, make recommendations, and write reports, in addition to completing complex calculations.
There are 3 compulsory papers to complete:

    Unit Number Title Unit Code
    P1 Professional Accountant PA
    P2 Corporate Reporting CR
    P3 Business Analysis BA

 

Stage 4: Options Module

This is the final module in the ACCA qualification of the Professional Level. It builds directly on the equivalent papers in the lower Fundamentals Level. You will be required to analyse, explain, make recommendations, and write reports, in addition to completing complex calculations.

There are 4 papers out of which the student has to take any two:

    Unit Number Title Unit Code
    P4 Advanced Financial Management AFM
    P5 Advanced Performance Management APM
    P6 Advanced Taxation ATX
    P7 Advanced Audit and Assurance AAA

 

ACCA Professional Ethics Module

This module is one of the main papers in the ACCA qualification. The paper covers all the papers at the Professional Level and three of the Essential papers.
The Professional Ethics module is designed to test you on what you have studied and the practical experience you have gained. In addition, you will be shown to a range of ideas of how to work ethically.
The paper will be made available to you when you have access to the P1 (Governance, Risk and Ethics) paper. It is advised that you take this paper around the same time as the P1 exam. It's imperative that this module is complete before you can become a member of the ACCA.


Experience Requirements

The studying alone is not enough to achieve the ACCA qualification. Students will need to gain at least three years industry experience to gain the title, Certified Chartered Accountant.

A fundamental part of the ACCA is to gain practical experience in the accounting industry to support your newfound knowledge. With the experience, knowledge and the right ethics, you will be ready to undertake the testing role of a professional accountant.

The ACCA qualification is framed to link your experience to your studies; therefore, you will be able to apply the theory you have gained from your studies in the workplace. Thus, showing future employers you have right combination of skills and knowledge.

Duration and Fee

ACCA Fees 2012

Package

Number of Subjects

Package Fee

Deposit

Price per Paper

Duration

1 Paper

1 Subject

£350

-

-

Dependent on paper

Package 1

3 Subjects

£1029

£600

£343

6 months

Package 2

6 Subjects

£2000

£1000

£333

12 months

Package 3

9 Subjects

£2880

£1500

£320

18 months

Package 4

12 Subjects

£3720

£2000

£310

18 months

Package 5

14 Subjects

£4200

£2200

£300

24 months

Computer Based Exams for External Candidates

1 Subject

£75

-

-

-


*Please note, fees are subject to change.

**Course textbook fees are not included, however, handouts and photocopies will be given during class.

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