Association of Chartered Certified Accountants
ACCA is a global and forward-thinking professional accounting body. It has a presence in 180 countries with more than 219,000 members and 527,000 students. ACCA graduates are well equipped with the knowledge and experience required to face future challenges in the business and economic environment and have rewarding career opportunities around the globe.
ACCA has a unique arrangement with Oxford Brookes University and the University of London. While studying for ACCA, students have the option of opting for BSc Hons in Applied Accounting from Oxford Brookes University and MSc Professional Accounting of University of London through University College London. In addition to that ACCA members get equivalency to M.Com that is recognized by the Higher Education Commission of Pakistan.
CAMS College of Accounting and Management Sciences is the oldest and best school in Karachi for ACCA. Employees place high trust in recruiting CAMS fellows of ACCA. CAMS has an excellent internship program that provides ex exposure to our students during studies and our graduates are well placed in the corporate sector.
How to register with ACCA
There are various entry routes to ACCA depending on your qualification:
- Fresh school leavers: 2 A’ Levels and 3 GCSEs or equivalent in five separate subjects with grade C in Mathematics and English
- 2 years undergrad degree from a recognized university
- 4 years undergrad degree from a recognized university (exemptions are available in the relevant papers)
- If you do not have any of the above qualifications, you can register for the Foundation Diploma (FD) of ACCA (on completion of FD, you will have the option to continue for Certified Accounting Technician (CAT) qualification or take a transfer to ACCA with exemptions from first 3 papers of Knowledge Module)
ACCA exams are divided into two levels;
- Fundamental Level (this consists of Knowledge and Skill Modules)
- Professional Level (this consists of Essentials and Optional Modules)
- Accountant in Business (AB)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (CL)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
- Strategic Business Leader (SBL)
- Strategic Business Reporting (SBR)
Options (select any 2)
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
- Advanced Audit and Assurance (AAA)
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 the exam process. The ACCA qualification closely links practical experience to the exam syllabus.
To qualify as an ACCA member, student will need to complete three years of supervised practical experience in a relevant accounting and finance role. Ideally, students should start working while studying for their ACCA examinations however, this may be completed before or after qualifying ACCA papers.
In addition to practical experience, they are also required to complete nine performance objectives that include five Essentials and four Technical objectives.
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.
The MSc in Professional Accountancy (MScPA) from the University of London (UoL) has been customized with different pathways for ACCA students, affiliates, and members hence providing a unique opportunity for career advancement.
CAMS is the only Gold Approved Learning Partner (ALP) of ACCA approved by the University of London (UoL) to offer face-to-face and online classes of MScPA at its state of the art PECHS Campus in Karachi.
The benefits of studying the University of London MSc in Professional Accountancy are:
- The association of two world-leading organizations, ACCA and the University of London, is vastly recognized by the corporate sector.
- A combination of academic and professional qualifications will put students at the leading edge in today’s competitive marketplace.
- Cost-effective – you will have an MSc degree of LCA at a nominal additional cost along with your ACCA.
- The flexibility in studying that suits your work, personal and social commitments
University of London
The University of London is a federal university and one of the largest and most diverse universities in the UK that is also recognized as the world leader in Higher Education. University College London (UCL), is a college of the University of London and it will be responsible for the academics that include management, delivery, and examinations of MSc Professional Accountancy. As per 2019 QS World University Rankings, UCL is ranked as the top ten universities in academic excellence.
If you are an ACCA student or affiliate or member, you can pursue MSc Professional Accountancy through the following routes:
MSc. Professional Accounting for ACCA Students
ACCA students can start studying for MSc degree side by side with their ACCA Qualification and need to complete following two modules and a project:
- Strategic Financial Management
- Strategic Performance Management (which is recognized by ACCA as ‘options’ at the professional level)
- The Strategic Financial Project
Strategic Financial Management
This module covers four main areas of Corporate Finance; Mergers and IPOs; Investment Management and International Capital Markets.
Strategic Performance Management
This module provides an understanding of key issues and applied methodologies relating to strategic management accounting, including Performance Management; Information Management and Evaluating Financial Risk.
Strategic Financial Project
The project covers the development of business research skills and their application to simulated real-world accounting finance related problems. Students have the opportunity to develop knowledge of research methodologies and apply these skills to the collection and analysis of data within a simulated accounting/finance related scenario.
The ACCA affiliates and members can top up their ACCA Qualification with MSc Professional Accountancy of University of London through University College London.
Considering the accomplishment of the ACCA professional qualification, ACCA affiliates and members just need to complete one module and one project to earn MSc degree; this includes Global Issues for the Finance Professional and The Strategic Financial Project.
Global Issues for Finance Professionals
This module equips candidates with an understanding of the conceptual frameworks of finance and accounting that have arisen from changes in the external global environment. The emphasis is on the practical problems and the evaluation of the options available. The module provides an opportunity for reflection in the context of the workplace for those who are in work.
Strategic Financial Project
On completing this project, the candidate will well converse with the development of business research skills and their application to simulated accounting and finance-related problems. Candidates have the opportunity to develop knowledge of research methodologies and apply these skills to the collection and analysis of data within a simulated accounting/finance-related scenario.
This will involve identifying and analyzing data and information in relation to business challenges; researching alternative solutions and applying a judgment based assessment of the evidence.
The Higher Education Commission (HEC) of Pakistan has granted equivalence to ACCA qualification to M.Com. After completing professional qualification and other requisites including training and professional experience, ACCA members are awarded equivalence to M.Com by universities in Pakistan on the following terms and conditions:
- There will be no exemption availed to incomplete ACCA qualification
- Initial admission in ACCA program must be after having at least 12 years of education (Intermediate, A-level or equivalent certification from IBCC Pakistan
A degree of B.Sc (Hons) in Applied Accountancy along with ACCA qualification gives an edge to ACCAs over other accounting professionals. The partnership between ACCA and Oxford Brookes University (OBU) gives students an opportunity to gain this degree while studying or after completing their ACCA examinations.
Students must apply for registration with OBU for the degree prior to passing ACCA Skill module papers FR, AA and 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) of Pakistan 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.
Computer Based Exams are available every month for all Foundation Diploma, CAT, Knowledge module of ACCA and one paper of Skill module (i.e Corporate and Business Law). This allows students rapid progress towards completing their ACCA, FD or CAT qualifications.
The CBEs for the Fundamental Level exams are also available but these are held in fixed exams schedule in March, June, September and December only.