Association of Chartered
ACCA, with 404,000 students and 140,000 members in 170 countries, a network of nearly 82 offices, 440 registered colleges and 7,500 employers of accounts and finance professionals throughout the world proves that it is a truly global Professional Accounting qualification.
In today’s accounting scenario and recent years developments in accounting and finance profession, it is vital for accounting and finance professionals to be equipped to operate in an industry subject to such close scrutiny. The new ACCA Syllabi is particularly designed to provide the knowledge, skills and ethical values for qualified accountants working in public and private sectors.
ACCA exams are divided into two levels Fundamentals and Professional, which are further divided into two modules each. Knowledge and Skills modules are in the Fundamentals level and Essentials and Options modules are in the Professional level.
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
F4 Corporate and Business Law
F5 Performance Management
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management
P1 Governance, Risk of Ethics
P2 Corporate Reporting
P3 Business Analysis
Options (2 to be completed)
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit and Assurance
As part of the professional values and ethical developments students are required to complete this module in addition to the exams and professional training. The Professional Ethics Module can be completed on-line or in writing.
The aim of this module is to give students exposure to a range of ethical perspectives. Ideally, this should be completed before, at the same time or soon after completing paper P1 (Governance, Risk of Ethics), but it must be completed before applying for membership.
The ACCA qualification will prepare you for a challenging and often demanding career as professional accountant. It is not sufficient to solely rely on theoretical knowledge developed through exam process. The ACCA qualification closely links practical experience to the exam syllabus.
To qualify as an ACCA member students will need to complete three-years relevant practical experience in order to achieve 13 performance objectives (nine essentials and four from eleven options). Ideally, students should start working while studying for their ACCA examinations. However, this may be completed before or after qualifying ACCA papers.
CAMS also provide placement services to its students and graduates. It is very important to choose the right employer to work for and gain required practical experience. Amongst lots of other resources available to get the right training and development opportunities CAMS Placement Office should be your first choice as it provides the appropriate link between the students / graduates and the potential employers.
2 A’levels and 3 GCSEs or equivalent in five separate subjects with grade C in Mathematics and English
2 years graduation degree from recognized university
Diploma of Foundations in Accountancy (FIA) in Accounting and Business, knowledge module of ACCA is exempted to Diploma holders.
Relevant degree/certificate holders from ACCA’s accredited institutions may be exempted from all 9 exams of the Fundamentals level. Non relevant degrees may also qualify for some exemptions.
Flexibility is the key when it comes to the exams of Knowledge Modules (papers F1, F2 & F3) of ACCA or Introductory /Intermediate and for Diploma in Accounting of Foundations in Accountancy (FIA) qualifications of ACCA. The paper-based exams are held twice a year in June and December whereas; students can take the CBEs throughout the year outside the set June and December manual exams schedules. This allows students rapid progress towards their ACCA qualifications.
The students do not need to register by the usual registration dead lines. In order to take the CBEs they just need to ensure that they are registered as FIA/ACCA students and in possession of their registration number before taking the CBEs.
ACCA-UK Contact Details
B.Sc (Hons) in Applied Accountancy is an additional qualification that gives ACCA students an edge over other accounting qualifications. The unique partnership between ACCA and Oxford Brookes University (OBU) gives students an opportunity to gain this degree while they study for their ACCA examinations or after completing ACCA.
Students must apply for registration with OBU for the degree prior to passing ACCA Skill module papers F7, F8 and F9. In addition to this, they will also be required to write and submit a Research and Analysis Project to the University after completing all Skill module examinations. CAMS provides mentoring for the students applying for the degree. The Higher Education Commission (HEC) recognizes the OBU degree as equivalent to a three-year bachelors degree.
To apply for the recognition of the degree to HEC, students must submit college joining and leaving certificates, an attendance certificate (minimum 80% in all ACCA papers), grade report of all ACCA papers and a copy of the B.Sc. degree from OBU.
The Higher Education Commission (HEC) of Pakistan has granted equivalence to ACCA qualification to a Masters level degree. HEC recognizes the membership of Association of Chartered Certified Accountants (ACCA) after completion of professional qualification and other requisites including training and required professional experience as equivalent to M.Com awarded by Pakistan universities on the following terms and conditions:
i. There will be no exemption awarded to incomplete qualification of ACCA.
ii. Initial admission in ACCA programme must be after having at least 12 years of education (Intermediate, A-level or equivalent certification from IBCC Pakistan.
London South Bank University:
London South Bank University (LSBU), located on the vibrant south Bank of the River Thames, originated in the Borough Polytechnic founded in 1982. It is over a hundred year old educational institution, with the Vision to be the leading UK University for professional education, giving students the chance to “become what they want to be.” LSBU has over 22,000 students enrolled in 4 Faculties and 33 departments. It is indeed a University with history and numerous study options.
CAMS and LSBU have agreed to form a strategic alliance in order to offer a range of degree options for our students to study in the United Kingdom. The CAMS -LSBU Collaboration provides greater flexibility to the Pakistani students, making it easier and affordable to study in the United Kingdom – a popular destination for many Pakistani students.
ACCA students, studying at CAMS shall have options to transfer to a Bachelor or Master’s degree program at LSBU, receiving advanced standing. Specifically, the advanced placement is as under:
|ACCA Papers Passed||Advanced Standing|
|F1 -F3 / CAT/FIA||2nd Year Entry – BA(Hon) Professional Accounting|
|F1 – F6||3rd Year Entry – BA(Hon) Professional Accounting|
|F1 – F9||1 – Year MSc. Finance & Accounting|
|F1 – F9||1 – Year MSc. Accounting with Finance|
|ACCA Qualified||6 Months MSc. Accounting with Finance|
All students seeking transfer to LSBU are expected to have a level of English equivalent to an IELTS score of 6.0 for Bachelors and IELTS score of 7 for the Masters programs. In order to ensure this requirement, students may have to sit the LSBU English Language Test and be interviewed.