Association of Chartered Certified Accountants

ACCA office at 29 Lincoln's Inn Fields

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

1. ↑ 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.  
2. ↑ [1]
3. ↑ [2]

Web links

Commons : Association of Chartered Certified Accountants  - collection of pictures, videos and audio files

• ACCA official website
• ACCA community