Association of Chartered Certified Accountants (ACCA)
The Association of Chartered Certified Accountants, established in 1904, is the international professional accounting organization that grants the Chartered Certified Accountant designation. Globally, the body imbibes 240,952 members and seeks to incorporate 541,930 potential members. It is the largest and most rapidly expanding accounting organization in the world.
Why ACCA?
Logic School of Management is a leading educational institution in India specializing in professional financial courses, including CA (Foundation, Intermediate, and Final), CPA (USA), CMA (USA), CMA (India), ACCA (UK), and CS. With over 19 years of experience, Logic has established itself as a trusted provider of high-quality education, preparing students to meet the dynamic demands of the financial industry.
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To qualify as an ACCA member, a candidate will be required to do the following:
Attempt and clear 13 exams, earning you the status of an ACCA affiliate; record 3-year experience in a relevant role (the candidate can acquire the experience before/during/after completion of the qualification); and complete the ethics and professional skills module.
The minimum entry requirement for entering the ACCA qualification is 12th grade (65% marks in English and Accountancy/Mathematics and over 50% on the others) and with graduation you can get exemptions accordingly.
Students who have just cleared their class 10 examinations, or do not qualify as per the above mentioned criteria, can still register for the ACCA qualification via Foundation in Accountancy (FIA) route.
It is to be noted that even candidates who are pursuing the Indian CA (Inter / Final) can qualify for further exemptions if they have received 40 or more marks in the relevant subjects even without clearing the entire examination.
ACCA opts for a flexible study approach & has two types of computer-based exams.
- On-demand CBEs: BT, MA, FA and LW.
These exams can be taken at any time of the year. Papers are 100 marks worth of objectivetype questions with a pass mark of 50%. (2 Hour Exams)
- Session CBEs: PM, TX, FR, AA, FM, SBL, SBR, AFM, APM, AAA, ATX.
These exams are held in four sessions: March, June, September & December. The exam duration extends to 3 hours (4 hours for SBL). Papers are 100 marks worth with a pass mark of 50%.
The 13 subjects and exams of ACCA are divided into three levels:
- Applied Knowledge Level:
The 3 papers are — Business and Technology (BT) — Management Accounting (MA) — Financial Accounting (FA)
Students are awarded the ACCA Diploma in Accounting and Business when they have successfully completed the three exams (at least one of which must have been attempted and cleared), in addition to the completion of Foundations in Professionalism module.
- Applied Skill Level:
The 6 papers are — Corporate and Business Law (LW) — Performance Management (PM) — Taxation (TX) — Financial Reporting (FR) — Audit and Assurance (AA) — Financial Management (FM)
Students are awarded the Advanced Diploma in Accounting and Business when they have successfully completed (either passed or exempt) the Applied Skills exams. (At least two of these papers must have been
attempted and cleared.) and completed the Ethics and Professional Skills Module.
- Strategic Professional Level:
Students need to attempt 2 essential papers and 2 optional papers.
- Essentials: Strategic Business Leader (SBL) and Strategic Business Reporting (SBR)
- Options: (Any 2) Advanced Financial Management (AFM) — Advanced Performance Management (APM) — Advanced Taxation (ATX) — Advanced Audit and Assurance (AAA)
Students are awarded a Strategic Professional Certificate when they have successfully completed all the Strategic Professional exams of the ACCA Qualification.
On completion of these 3 levels, you’ll be awarded an ACCA affiliate recognition.
- Ethics and Professional Skills Module:
Students are required to complete 20 hours of Ethics and Professional Skills Module which develops in students the complete range of skills that are demanded by the employers.
FAQ
What are the career prospects of ACCA?
The holistic approach in its curriculum trains you to take up diverse roles; further enabling you to perform strategic tasks and fulfil roles like that of a CFO or a CEO. An ACCA can also be employed as a governance officer, a business advisor, an auditor, a business analyst etc.
Are there job opportunities for ACCA abroad?
Being an international qualification, the ACCA qualification offers multiple choice at a wide range of organizations abroad. The average starting salary of an ACCA qualified fresher ranges from INR 3,50,000 to INR 4,00,000 per annum in India alone (may change depending on the situations). The pay scale is bound to increase overseas.
Can a student take the ACCA qualification exams in any order?
Exams must be taken in the following order: Knowledge Level, Skill Level, and Professional Level. Within any Level You can attempt different papers in any order of your preference.
How many exams can I take at a time?
You can enter for two consecutive exam sessions at the same time, and you can book up to 4 exams per session, and up to 8 unique exams per calendar year. It would be up to you to decide how much time you must study and prepare for examinations and how many you would like to enter for.
What documents do I need to register as a student?
You are required to submit copies of the following:
• Official educational documents e.g. completion certificates & transcripts detailing the
modules studied so far.
• Proof of identity (copy of birth certificate/passport/National ID Card or driver’s license)
• Passport-style photograph
Please note that where documents have been issued in a language other than English, we require a photocopy of the original language documents and a copy of an official English translation. You will be able to upload and attach copies of all documentation to your online application. Please note that in order to fully complete your application online you will be required to pay your registration fee by credit or debit card.
How quickly can I complete the ACCA Qualification?
Students can sit a maximum of 4 exams at each exam session, and a maximum of eight distinct exams each calendar year. You could therefore complete all of the exams in 2 years. However, as you also need 3 years of practical work experience before you can become an ACCA member & be considered a qualified accountant, the qualification takes a minimum of 3 years.
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