The ACCA Qualification
About ACCA
The ACCA (Association of Chartered Certified Accountants) is a global body for professional accountants. It was first established in London over 100 years ago and is currently the World’s largest accountancy body. There are nearly 700,000 members and students in 180 countries.
With a network of 83 offices and active centres around the world, the ACCA also have 57 global accountancy partnerships. Within Europe they are a recognised supervisory body for the purposes of licensing auditors and finance professionals in the European Union.
Amongst other key areas, the ACCA Qualification has a strong focus on professional values, ethics and governance. These are skills which are considered to be essential for today’s accountants as the accountancy profession generally moves towards an increased focus on professionalism and ethics.
In order to qualify as an ACCA member you are required to complete:
- 13 exams (a number are eligible for exemptions depending on your previous experience).
- Relevant practical experience.
- An online ethics module.
ACCA BT Business and Technology
- The business organisation, its stakeholders and the external environment
- Business organisational structure, functions and governance
- Accounting and reporting systems, compliance, control, technology and security
- Leading and managing individuals and teams
- Personal effectiveness and communication
- Professional ethics in accounting and business
ACCA MA Management Accounting
- The nature, source and purpose of management information
- Cost accounting techniques
- Budgeting
- Standard costing
- Performance measurement
ACCA FA Financial Accounting
- The context and purpose of financial reporting
- The qualitative characteristics of financial information
- The use of double-entry and accounting systems
- Recording transactions and events
- Preparing a trial balance
- Preparing basic financial statements
- Preparing simple consolidated financial statements
- Interpretation of financial statements
ACCA LWGLO Corporate and Business Law
- Essential elements of legal systems
- International business transactions
- Transportation and payment of international business transactions
- The formation and constitution of business organisations
- Capital and the financing of companies
- Management, administration and the regulation of companies
- Insolvency law
- Corporate fraudulent and criminal behavior
ACCA PM Performance Management
- Specialist cost and management accounting techniques
- Decision-making techniques
- Budgeting and control
- Performance measurement and control
ACCA TX UK Taxation
- The UK tax system and its administration
- Income tax and NIC liabilities
- Chargeable gains for individuals
- Inheritance tax
- Corporation tax liabilities
- Value added tax (VAT)
ACCA FR Financial Reporting
- The conceptual and regulatory framework for financial reporting
- Accounting for transactions in financial statements
- Analysing and interpreting the financial statements of single entities and groups
- Preparation of financial statements
ACCA AA Audit and Assurance
- Audit framework and regulation
- Planning and risk assessment
- Internal control
- Audit evidence
- Review and reporting
ACCA FM Financial Management
- Financial management function
- Financial management environment
- Working capital management
- Investment appraisal
- Business finance
- Business valuations
- Risk management
ACCA SBL Strategic Business Leader
- Leadership
- Governance
- Strategy
- Risk
- Technology and data analytics
- Organisational control and audit
- Finance in planning and decision-making
- Innovation, performance excellence and change management
- Professional skills
ACCA SBR Strategic Business Reporting
- Fundamental ethical and professional principles
- The financial reporting framework
- Reporting the financial performance of a range of entities
- Financial statements of groups of entities
- Interpret financial statements for different stakeholders
- The impact of changes and potential changes in accounting regulation
ACCA AFM Advanced Financial Management
- Role of senior financial adviser in the multinational organisation
- Advanced investment appraisal
- Acquisitions and mergers
- Corporate reconstruction and re-organisation
- Treasury and advanced risk management techniques
ACCA APM Advanced Performance Management
- Strategic planning and control
- External influences on organisational performance
- Performance measurement systems and design
- Strategic performance measurement
- Performance evaluation and corporate failure
ACCA ATX (UK) Advanced Taxation
- Knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes.
- The impact of relevant taxes on various situations and courses of action, including the interaction of taxes
- Minimising and/or deferring tax liabilities by the use of standard tax planning measures
- Communicating with clients, HM Revenue and Customs and other professionals
ACCA AAA (INT) Advanced Audit and Assurance
- Regulatory Environment
- Professional and Ethical Considerations
- Practice Management
- Audit of historical financial information
- Other assignments
- Reporting
- Current Issues and Developments
