ACCA Qualification: Skill Level, Professional, Foundation, Level, Eligibility

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The ACCA Qualification provides the most updated skills required to become a finance expert. Students must have passed class 10 with Maths and English in order to begin ACCA Qualification. Foundations in Accountancy is the most basic level of ACCA and helps students to qualify for the main ACCA Certification.

See Also: ACCA Course

The FIA qualifications include ACCA Diploma in Financial and Management Accounting (RQF Level 2), ACCA Diploma in Financial and Management Accounting (RQF Level 3), ACCA Diploma in Accounting and Business (RQF Level 4) and Certified Accounting Technician (CAT).

Table of Contents

ACCA Eligibility Criteria
ACCA Levels
Why study ACCA?
ACCA Foundations in Accountancy Qualification
ACCA Knowledge Level Qualification
ACCA Skill Level Qualification
ACCA Professional Level Qualification
How long does it take to qualify?
ACCA Qualification: FAQs

ACCA Eligibility Criteria

The eligibility criteria for the ACCA course are mentioned below:

Students must be 18 years old.
A student must have completed her 10+2 as a minimum qualification to be eligible for the ACCA course.
Students must have earned at least 65% credits in Accounting/Mathematics and English.
To be admitted to the ACCA course, candidates must have achieved 50% in all other subjects.

ACCA Levels

The ACCA exams are studied at the three main ACCA levels:

Applied Knowledge.
Applied Skills.
Strategic Professional.

Why study ACCA?

The ACCA Qualification is relevant to every sector of accountancy and finance, so it opens up opportunities to work in different industries and roles and progress up to a senior level.
ACCA is based on international accounting standards and is the only truly global professional accounting certification.
ACCA develops strong analytical skills, and professional competencies, and gives comprehensive knowledge that can be applied in the real world.
AACA provides knowledge in all areas of accounting to ensure that students have all the skills that will help to open up employment opportunities and grow into a complete financial professional.
79% of employers say ACCA helps their business grow because it equips accountants with the skills and competencies they need to be successful.
Employers around the world look to ACCA-trained professionals because they know they have the strategic thinking, technical skills, and professional value to propel their organizations forward.
Quarterly exam sessions and some exams are available by request, giving the flexibility to qualify at candidates’ own pace.
ACCA is driving change in the audit function. They advise governments, organizations and regulators and work with members around the world to advance the agenda of fairness and transparency.

See Also:

Company Secretary	Chartered Accountant	Certified Financial Analyst

ACCA Foundations in Accountancy Qualification

ACCA's Foundations in Accountancy (FIA) is a suite of qualifications designed to give a solid understanding of the fundamentals of financial management and reporting and to speak the business language.

There are no minimum entry requirements for FIA. However, It is recommended to start at Level 2 if any student has no formal qualifications.

The FIA qualifications include:

ACCA Diploma in Financial and Management Accounting (RQF Level 2)
RQF Level 3
ACCA Diploma in Accounting and Business (RQF Level 4)
Certified Accounting Technician
The Foundation Diploma

Also available as standalone certificates:

ACCA Certificate in Audit (RQF Level 4)
ACCA Certificate in Taxation (RQF Level 4)
ACCA Certificate in Financial Management

ACCA Knowledge Level Qualification

ACCA's Foundations in Accountancy (FIA) is a suite of qualifications designed to give a solid understanding of the fundamentals of financial management and reporting and to speak the business language.

Business and Technology (BT)
Management Accounting (MA)
Financial Accounting (FA)

See Also:

Financial Analysis Courses	Financial Risk Management Courses	Finance Courses

ACCA Skill Level Qualification

Building on the existing knowledge and understanding, Applied Skills develops the powerful, broad and practical financial skills required by future strategic professional accountants in every sector and industry.

Corporate and Business Law (LW)
Performance Management (PM)
Taxation (TX)
Financial Reporting (FR)
Audit and Assurance (AA)
Financial Management (FM)

ACCA Professional Level Qualification

These exams offer students a unique combination of skills, practice focus, and specialization options to accelerate their careers and develop strategic, future-oriented professional accountants. Strategic Professional exams include both Essentials and Options exams.

Essentials

Students can take these two exams and gain the skills they need to make an immediate impact on employers.

Strategic Business Leader (SBL)
Strategic Business Reporting (SBR)

Options

These exams offer a unique opportunity to specialize in areas most important to the chosen sector or career path.

Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)

See Also:

Finance Courses After 12th	Finance Modelling Courses

How long does it take to qualify?

This depends on the qualifications the student has prior to enrolling with ACCA. ACCA is passionate about giving as many people as possible the opportunity to pursue a globally recognized qualification.

Students with existing qualifications that match the skills and knowledge required for ACCA qualifications may be able to apply for some exam exceptions. Students can check if they qualify for an exam exception by visiting the Exemptions page.

The easiest way to become a member is to work and study at the same time. That way, students can get certification in as little as 3-4 years.

ACCA Qualification: FAQs

Ques. How can a student get exemption?

Ans. ACCA offers ACCA qualification waivers to students who have attained other relevant qualifications. This means they can begin their studies at a level that matches the knowledge and skills acquired in previous studies, providing the fastest route to ACCA membership.

Ques. What does the ethics module mean?

Ans. As part of ethics development, It is mandatory to complete an online professional ethics module developed by ACCA. This exposes the different ethical perspectives and includes some self-assessments to reflect ethical behavior and values.

Ques. How to gain experience in accountancy field?

Ans. Work experience is gained by working in accounting positions. ACCA allows its candidates to work for any company in any industry.

Ques. How can I find an Approved Learning Partner?

Ans. ACCA has a tuition provider directory that lists all Approved Learning Partners. Students can search by:

Tuition provider name
Course type
Location
If they’re an Approved Learning Partner (tick box)

Ques. What a student can expect from an Approved Learning Partner?

Ans. with an accredited study partner, students can expect quality instruction and excellent student support in a comfortable environment conducive to learning.

Ques. Is it easier to get a job after ACCA?

Ans. Yes, ACCA-qualified individuals get easily placed at Big 4 companies like EY, PwC, Deloitte, and KPMG and few MNCs.

Ques. Which field of ACCA is considered best?

Ans. Working in an accounting practice provides a wide range of experience in various industries, companies and sectors. This diversity makes ACCA a popular career option for many students.

Ques. What is a Joint Examination Scheme?

Ans. ACCA has many partnerships with national accountants around the world, allowing to take many ACCA credential exam components and meet the exam criteria for the national accountant credential. These are called Joint Examination Schemes (JES).