INTRODUCTION TO ACCA

Simandhar Education
3 min readApr 17, 2023

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WHAT IS ACCA?

ACCA (Association of Chartered Certified Accountants) is a global professional accounting body that offers professional accountancy qualifications and membership to students and professionals in over 170 countries worldwide. ACCA is recognized and respected internationally, and it has a reputation for producing highly skilled, knowledgeable, and ethical accountants.

The ACCA qualification is designed to equip students with the necessary skills and knowledge to become competent and confident accountant. The qualification consists of a combination of exams, practical experience, and an ethics module, which prepares students for a successful career in accounting and finance.

WHY ACCA?

There are several reasons why one may choose to pursue the ACCA qualification. Here are some of the main ones:

  1. Global Recognition: ACCA is a globally recognized professional accounting body that has a presence in over 170 countries worldwide. This means that ACCA members have access to a vast network of professionals and employers across the globe.
  2. Flexibility: ACCA offers a flexible qualification structure that allows students to progress at their own pace and choose from a range of study options, including online learning and part-time study.
  3. Career Opportunities: The ACCA qualification prepares students for a wide range of career opportunities in accounting and finance, including roles in public practice, industry, and the public sector.
  4. Professional Development: ACCA offers a range of professional development courses and resources that allow members to continue their learning and development throughout their careers.
  5. Ethics and Professionalism: ACCA places a strong emphasis on ethics and professionalism, and its members are expected to uphold these values in their work. This ensures that ACCA members are highly respected and trusted professionals in the industry.

SUBJECTS

ACCA consists of 13 subjects which are divided into four levels: Knowledge, Skills, Essentials, and Options.

1. Knowledge Level: Consists of three subjects:

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

2. Skills Level: Consists of six subjects:

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

3. Essentials Level: Consists of two subjects:

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

4. Options Level: Consists of four subjects (out of which any two need to be selected):

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

In order to complete the ACCA qualification, students are required to pass a total of 13 exams: the three exams in the Knowledge Level, six exams in the Skills Level, two exams in the Essentials Level, and two exams in the Options Level. Additionally, students are required to complete an ethics and professional skills module (EPSM) which is an online course that covers the ethical and professional skills required of ACCA members.

ELIGIBILITY

  • To be eligible for ACCA, you must have completed your 10+2 examinations.
  • You need to achieve a minimum aggregate of 65% in Mathematics/Accounts and English, and a minimum of 50% in other subjects.
  • In case you do not meet the aforementioned criteria, you can still enroll in the ACCA course through the Foundation in Accountancy (FIA) route.

ACCA’s core values include integrity, innovation, diversity, and accountability, and it aims to promote these values in the profession through its members and partnerships with organizations worldwide.

Overall, the ACCA qualification offers a pathway to a rewarding and challenging career in accounting and finance, with global recognition, flexibility, and a strong emphasis on ethics and professionalism.

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Simandhar Education
Simandhar Education

Written by Simandhar Education

Simandhar Education is an initiative by Sripal Jain (CPA, CMA) with the vision of training US CPA & US CMA aspirants.

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