ACCA

Association of Chartered Certified Accountants (ACCA) – UK

ACCA is the largest and most forward thinking professional accounting body. It has 200,000 members and 486,000 students in 180 countries. With more than 7000 approved employers, ACCA graduates have the opportunities of getting quick employment in their preferred career around the globe.

ACCA realises the importance of the qualification to match with recent year’s developments in accounting and finance profession. To equip its graduates to face the challenges, ACCA always keeps its syllabi updated to provide the required knowledge, skills and ethical values to its graduates.

ACCA at CAMS

CAMS is the first college in Karachi registered as Approved Learning Partner with ACCA. We prepare our students in a way that they are work-ready by the time of qualifying ACCA. Our ACCAp program inculcate interpersonal and entrepreneur skills amongst them through rigorous trainings and frequent engagements with corporate sector.

CAMS alumni is working at senior positions around the globe in national and multinational corporations. Some of them are extremely successful entrepreneurs and some are engaged with public practice and private sectors as well.

Syllabus

ACCA exams are divided into two levels; a) Fundamentals and b) Professional. These levels 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.

Fundamentals Level

Knowledge Exams
F1 (AB) – Accountant in Business
F2 (MA) – Management Accounting
F3 (FA) – Financial Accounting

Skills Exams
F4 (CL) – Corporate and Business Law
F5 (PM) – Performance Management
F6 (TX) – Taxation
F7 (FR) – Financial Reporting
F8 (AA) – Audit and Assurance
F9 (FM) – Financial Management

Professional Level

Essentials

P1 (GR&E) – Governance, Risk and Ethics
P2 (CR) – Corporate Reporting
P3 (BA) – Business Analysis

Options (2 to be completed)

P4 (AFM) – Advanced Financial Management
P5 (APM) – Advanced Performance Management
P6 (ATX) – Advanced Taxation
P7 (AAA) – Advanced Audit and Assurance

Note: The Professional Level ‘Essentials’ papers will be reformed as follows from September 2018:

  • P1 & P3 will be replaced by a single papers ‘Strategic Business Leader’
  • P2 will be replaced by ‘Strategic Business Reporting’

Professional Ethics Module

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 and Ethics), but it must be completed before applying for the membership.

Practical Experience Requirements

The ACCA qualification will prepare you for a challenging and often demanding career as professional accountants. 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-year 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 Job Placement Services

CAMS provides 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 is students first as it provides the appropriate link between the students/graduates and the potential employers.

Entry Requirements

  • 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
  • Foundation Diploma 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 Fundamental level. Non relevant degrees may also qualify for some exemptions.

Computer Based Examinations (CBE)

All Fundamental Level exams are computer based and held in March, June, September and December. However, students have the option of selecting flexible schedule for CBEs of initial ACCA papers (F1-F4) and Foundation Diploma exams (FA1-FA2, MA1-MA2, FFA, FMA, FAB) at any time of the year according to their preferred choice. This allows them rapid progress towards completing their ACCA or FD qualifications.

ACCA-UK Contact Details

64 Finnienston Square, G3 8DT, Glasgow, UK
Tel: 44 141 582 2000, 111-275-275
Fax: 44 141 582 2222
Website: www.accaglobal.com,
Email: students@accaglobal.com

B.Sc. (Hons) Applied Accountancy (Oxford Brookes University UK)

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 (FR), F8 (AA) and F9 (FM). In addition to this, they will also be required to write a Research and Analysis Project and submit it to the University after completing all Skill module examinations.

CAMS provides mentoring to 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), and grade report of all ACCA papers with a copy of the B.Sc. degree from OBU.

ACCA- Equivalent to a Master level degree (HEC of Pakistan):

The Higher Education Commission (HEC) of Pakistan has granted equivalence to ACCA qualification to a Masters level degree. After completing professional qualification and other requisites including training and professional experience, ACCA members can apply for the equivalence to M.Com awarded by universities in Pakistan on the following terms and conditions:

i. There will be no exemption awarded to incomplete ACCA qualification.

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.