Association of Chartered Certified Accountants
The Association of Chartered Certified Accountants (ACCA) is a UK- based accounting association that awards the ACCA title. The association, founded in 1904, is one of the largest in the world in the field of accounting and has 162,000 members and 428,000 so-called “affiliates and students” in 180 countries. The organization's headquarters are in London , while the main administration is in Glasgow , Scotland . In addition, the ACCA has a worldwide network of almost 91 offices.
Qualifications
The ACCA offers the following qualifications:
Chartered Certified Accountant (ACCA) - Professional Scheme
The Professional Scheme is the essential qualification offered by the ACCA, which can be acquired if the candidate has successfully passed 14 examinations and has three years of relevant professional experience in accounting , auditing or finance . It is possible not to have to take some of the exams due to university preparatory work (so-called “exemptions”), whereby a maximum of four such “exemptions” are generally granted. In terms of content, the following topics are examined in the exams: accounting, controlling , taxes , business law , finance and auditing. For audits in the area of accounting, you can choose between British and international accounting regulations (UK-GAAP or IFRS). For the examinations in the tax area, you can choose between the tax law of different countries, although the tax regulations of the German-speaking countries cannot yet be selected.
The titles of the exams are as follows:
- "Knowledge" module
- F1 - Accountant in Business ( accountant in business )
- F2 - Management Accounting ( cost accounting )
- F3 - Financial Accounting ( bookkeeping )
- "Skills" module
- F4 - Corporate and Business Law ( corporate and commercial law )
- F5 - Performance Management ( Controlling )
- F6 - Taxation ( taxation )
- F7 - Financial Reporting ( accounting )
- F8 - Audit and Assurance ( auditing )
- F9 - Financial Management ( Finance )
- "Essentials" module
- P1 - Professional Accountant ( Professional Accountants )
- P2 - Corporate Reporting ( group accounting )
- P3 - Business Analysis ( Business Analysis )
- Module "Options" (of which 2 of the 4 must be completed)
- P4 - Advanced Financial Management ( Advanced Finance )
- P5 - Advanced Performance Management ( advanced controlling )
- P6 - Advanced Taxation ( Advanced Taxation )
- P7 - Advanced Audit and Assurance ( Advanced Auditing )
The three-hour exams take place worldwide in June and December each year, with a maximum of four exams being taken in each half-yearly round. In Germany , the 2014 exams will be offered in Frankfurt am Main , Hamburg , Munich and Cologne , in Austria in Vienna and in Switzerland in Bern and Geneva . The exams can also be taken in Luxembourg .
The exams are demanding and are mostly passed by less than 50% of the candidates. The following table shows the pass rate as a percentage of the examination rounds from December 2007 to December 2013:
exam | Dec 2007 | June 2008 | Dec 2008 | June 2009 | Dec 2009 | June 2010 | Dec 2010 | June 2011 | Dec 2011 | June 2012 | Dec 2012 | June 2013 | Dec. 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
F1 - Accountant in Business | 81 | 83 | 67 | 73 | 66 | 64 | 70 | 70 | 63 | 64 | 65 | 72 | 74 |
F2 - Management Accounting | 56 | 51 | 59 | 57 | 58 | 54 | 60 | 57 | 53 | 52 | 59 | 64 | 61 |
F3 - Financial Accounting | 67 | 48 | 50 | 55 | 64 | 60 | 60 | 55 | 54 | 57 | 55 | 54 | 57 |
F4 - Corporate and Business Law | 42 | 46 | 39 | 43 | 42 | 51 | 44 | 55 | 49 | 54 | 41 | 37 | 43 |
F5 - Performance Management | 34 | 28 | 30th | 41 | 52 | 57 | 41 | 37 | 38 | 42 | 37 | 44 | 41 |
F6 - taxation | 50 | 45 | 53 | 61 | 51 | 46 | 44 | 51 | 48 | 45 | 47 | 52 | 45 |
F7 - Financial Reporting | 40 | 33 | 42 | 30th | 39 | 28 | 47 | 38 | 56 | 48 | 53 | 45 | 39 |
F8 - Audit and Assurance | 43 | 32 | 43 | 34 | 40 | 36 | 38 | 40 | 36 | 56 | 34 | 40 | 35 |
F9 - Financial Management | 40 | 42 | 40 | 42 | 37 | 43 | 40 | 38 | 38 | 37 | 43 | 45 | 45 |
P1 - Professional Accountant | 53 | 49 | 53 | 48 | 49 | 53 | 51 | 52 | 51 | 53 | 50 | 49 | 48 |
P2 - corporate reporting | 48 | 48 | 54 | 44 | 58 | 47 | 51 | 50 | 48 | 49 | 49 | 49 | 49 |
P3 - Business Analysis | 56 | 49 | 52 | 50 | 48 | 51 | 48 | 47 | 51 | 49 | 48 | 51 | 49 |
P4 - Advanced Financial Management | 31 | 36 | 36 | 30th | 41 | 34 | 33 | 30th | 34 | 37 | 33 | 34 | 42 |
P5 - Advanced Performance Management | 42 | 37 | 43 | 32 | 42 | 44 | 35 | 35 | 29 | 35 | 33 | 31 | 30th |
P6 - Advanced Taxation | 28 | 36 | 41 | 37 | 39 | 35 | 44 | 45 | 39 | 42 | 44 | 45 | 41 |
P7 - Advanced Audit and Assurance | 33 | 33 | 39 | 37 | 39 | 32 | 34 | 31 | 31 | 32 | 32 | 31 | 33 |
Certified Accounting Technician (CAT)
This is an introductory accounting qualification. This is often seen as an introduction before completing the Professional Scheme.
Other qualifications
The ACCA offers other qualifications:
- MBA (for ACCA full members, supported by Oxford Brookes University )
- BSc (Hons) in Applied Accounting, supported by Oxford Brookes University
- MSc in Financial Management, supported by Heriot Watt University
- Diploma in Financial Management (DipFM).
- Diploma in International Financial Reporting (DipIFR)
- Diploma in Financial Management
- Certificate in International Auditing (CertIA)
- Certificate in International Financial Reporting (CertIFR)
membership
ACCA affiliate versus full member
First of all, interested parties register as "student members" in order to complete the Professional Scheme qualification. This consists of the exams.
If all the necessary exams are successfully completed, “student members” automatically become “affiliates”.
In order to become a full member as an “ACCA affiliate”, you must then prove that you have three years of professional experience in finance, auditing or accounting and have achieved a certain level of competence, the so-called “practice experience requirements”. In addition, an ethics module must be completed, which can be done online and in the “home study”.
Individual evidence
- ↑ accaglobal.com/about ( Memento of the original from September 13, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. - official website. Retrieved September 9, 2014.
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