ACCA
Knowledge Level
This level will develop your understanding of essential financial, business, and management accounting techniques. You’ll learn basic business and management principles and the skills required of an accountant working in business.
Enquire for ACCA Knowledge level Course
ACCA Knowledge Level - Entry Requirements
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If you’re AAT qualified, you’re exempt from this level and can start ACCA Applied Skills straight away.
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If you’ve graduated with a degree accredited by ACCA, you may be eligible for exemptions from both Applied Knowledge and Applied Skills.
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You can check whether you’re eligible and should apply for any exemptions on the ACCA website before you start applying.
Structure
This level is one of two Fundamentals modules and consists of three mandatory subjects (Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA)) which can be sat in any order. Once you’ve completed all three subjects, you can move on to the next level – Applied Skills.
You need to achieve a mark of 50% or higher to pass these subjects. These are taken as two-hour computer-based exams.
Syllabus
You’ll learn about the role of accounting in the business environment and develop the practical skills and techniques required of an accountant.
Compulsory
ACCA Business & Technology
This subject will introduce you to basic business principles and how the different systems within a business interact with each other.
- Number Of Lectures: 25 Lectures of approx. 1 hrs each. It May vary based on the chapter
- Validity Period: Unlimited
- Total Views: 1.5 Views
- ACCA BT Study Material: PDF Study Material to Download, Save, or Print
Compulsory
ACCA Financial Accounting
You’ll learn the underlying concepts relating to financial accounting and develop proficiency in techniques, such as double-entry accounting and the preparation of basic financial statements.
- Number Of Lectures: 25 Lectures of approx. 1 hrs each. It May vary based on the chapter
- Validity Period: Unlimited
- Total Views: 1.5 Views
- ACCA BT Study Material: PDF Study Material to Download, Save or Print
Compulsory
ACCA Management Accounting
You’ll learn accountancy techniques to support management in planning, controlling and monitoring performance in a range of business contexts.
- Number Of Lectures: 25 Lectures of approx. 1 hrs each. It May vary based on the chapter
- Validity Period: Unlimited
- Total Views: 1.5 Views
- ACCA BT Study Material: PDF Study Material to Download, Save or Print
Study Modes for ACCA Course
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Course Benefits
Employers Demand
Industry Relevant Skills
Global Acceptance
Employer Network
Exemptions in ACCA Papers
Student Reviews
Frequently Asked Questions
ACCA, also known as Global CA, is a global certification from the Association of Chartered Certified Accountants (ACCA) – equivalent to a CA degree in the candidate’s respective country. It is a globally recognised certification (applicable in 180+ countries) that allows you to work as a CA in any part of the world.
While ACCA members do have signing authority in many countries such as the UK, Dubai, Singapore, etc., they do not have that authority in India.
Passing 12th board examination in commerce opens up a lot of avenues. Studying ACCA is one such avenue. Joining ACCA classes in Mumbai opens up a lot of opportunities. Going for a simple graduation is not only mainstream, but also takes more time than completing ACCA. ACCA helps students to create a great network and build the necessary skills to become successful in their careers. The ACCA levels are designed in a way that they become applicable to everyone. ACCA classes in Delhi provide the necessary education for students preparing to launch their careers.
ACCA is a course that can create a bright accounting future for professionals. With good ACCA classes in Mumbai, a professional can build the required skills to work with the best employers. After clearing all the ACCA levels, you have multiple options in front of you. A great choice would be to opt for an MBA. The MBA course will get you the perfect touch in your resume to bag a high-paying salary. During the ACCA duration, you can actually be involved in studying for your degree course or be employed in a job.
The sound skills you learn through the ACCA duration also make you prepared to launch your own company. In fact, a lot of people go on this route. Another option is the CFA charter, if you are looking to venture into investments and portfolio management. Investment banks pay huge salaries to employees, making it a great option for professionals. This means you avoid the ACCA vs CFA battle completely just by doing one after the other. CFA is better suited for someone who has gained some primary experience.
Both ACCA and CA India (ICAI) are reputed professional courses.
However ACCA scores in following areas:
Number of Exams: 13 papers of ACCA compared to 19 papers of ICAI.
Duration: All 13 Papers of ACCA can be passed in 2 to 3 years.
Flexibility: No group structure or group passing in ACCA. You can give one paper at a time. But you have to score minimum 50% in each ACCA paper against minimum 50% for group passing in CA.
Exam pattern: ACCA exam are more practical, application and case study based. You do not have to memorise, but apply the concepts in exam. Each paper time varies between 2 hours to 4 hours. Session CBEs (Computer based) exams are in line with needs of industry.
Pass percentage: Global passrates around 30% to 40% in each paper of ACCA against much lower pass rates of Indian CAs.
Recognition: ACCAs can work in almost all areas of Accountancy and Finance in India. Further, ACCA has a list of more than 7400 approved employers worldwide. Indian CAs who want a globally recognised qualification opt for ACCA.
Exemptions: Upto 9 papers exemption can be obtained in ACCA based upon previous qualification obtained.
Prospects in India: Job openings in Top Audit Firms including Big4, MNCs across India, Big Indian corporates for ACCA students, affiliates and members. Scope of ACCA increases further if you plan to go abroad.
Minimum entry requirement for ACCA Professional course in India is HSC (12th Std). You need to score overall 50% in 12th AND must have scored minimum 65% in English AND 65% in Accounts or Maths. If you do not meet this eligibility criteria, then you will have to start at lower level i.e. ACCA Foundations in Accountancy, which involves passing further 4 papers, before joining ACCA Professional course. Please email ACCA at students@accaglobal.com to confirm your eligibility for the Professional course as ACCA scrutinises each application on case to case basis. You need to scan and send your marksheets to ACCA to enable them to provide you proper advice. Graduates and Post graduates (B.Com, M.Com etc) get direct eligibility as well as some exemptions to ACCA professional course, provided they have scored minimum 50% overall.
ACCA can be started at any level and at any time of your career. If you do not meet the minimum eligibility requirements of ACCA Professional course, you can start at the Foundations in Accountancy level, where you will have to pass additional 4 papers below the 13 papers of ACCA professional course.
ACCA updates its syllabus on periodic basis. Only one syllabus structure is applicable at a particular point of time. ACCA recently updated the syllabus for Sept 2018 exams onwards.
The ACCA exams are divided into THREE levels; Applied Knowledge, Applied Skills and Strategic Professional.
Applied Knowledge level:
– Accountant in Business (Previously F1)
– Management Accounting (Previously F2)
– Financial Accounting (Previously F3)
Applied Skills level:
– Corporate and Business Law (Previously F4)
– Performance Management (Previously F5)
– Taxation (Previously F6)
– Financial Reporting (Previously F7)
– Audit and Assurance (Previously F8)
– Financial Management (Previously F9)
OPTIONAL – BSc Hons in Applied Accountancy degree from Oxford Brookes University UK on submission of Research report.
MANDATORY – Ethics and Professional Skills Module to be completed before moving to Strategic Professional level.
Strategic Professional level:
Essentials
– Strategic Business Reporting SBR (Previously P2)
– Strategic Business Leader SBL (Previously P1 and P3)
Options (two to be completed)
– Advanced Financial Management (Previously P4)
– Advanced Performance Management (Previously P5)
– Advanced Taxation (Previously P6)
– Advanced Audit and Assurance (Previously P7)
You can appear for maximum 4 papers per exam attempt every three months, and a total of 8 papers can be attempted and passed each year.
ACCA Global pass rates for individual papers generally range between 30% to 40%. You need to score minimum 50% in each paper, to get a permanant pass in that paper.
There is a mandatory practical experience requirement (PER) of 3 years to become full member of ACCA. This can be pursued before, during or after completing the ACCA exam.
For a student is working in India, he or she would need to have the work experience certified by an ACCA or an Indian CA (ICAI member) or by IFAC recognised professional like ICWA, CMA, CPA USA.
The experience for ACCA membership can be obtained in any areas of Accountancy and Finance as listed in ACCA’s PER. It can be obtained in a company (preferably MNCs) or in an audit firm. There is no restriction that experience has to be in audit firm, like in Indian CA course.