The ACCA Qualification is a highly-regarded accountancy qualification. In order to become a qualified chartered certified accountant and use the designatory letters “ACCA” after your name you need to complete:
- 13 exams (exemption can be claimed in nine exams)
- Three-years’ relevant practical experience requirements
- An Ethics and Professional Skills module
ACCA is largest and fast growing UK based global body for professional accountants with 200,000 members and 486,000 students in 180 countries. They’re among the world’s best-qualified and most highly sought-after accountants – and they work in every sector you can imagine.
ACCA’s Members, who are known as Chartered Certified Accountants, are employed in industry, financial services, the public sector, or in public practice. With statutory recognition in the UK and Ireland it has the authority to license its members to work as registered auditors. In the UK, it also authorises its members to undertake insolvency work. Outside the UK, ACCA’s are recognised under the EU’s Mutual Recognition Directive and in many countries around the world.
The ACCA Qualification is an asset which has been designed to provide the knowledge, skills and professional values. ACCA qualifications are examined to the highest consistent global standards in over 180 countries and are based on international accounting standards.
ACCA offers four core qualifications:
- A suite of awards, including certificates, diplomas and a revised Certified Accounting Technician (CAT) qualification – (ACCA Foundation Diploma)
- A Professional Qualification enabling members to reach the highest level in accountancy – (ACCA)
- A Bachelor of Science in Applied Accounting which is centered on the needs of employers for practical, professional accounting – BSc (Hons)
- A Masters in Professional Accountancy designed to broaden business understanding and enhance strategic decision making – (MSc)
2 passes at GCE A’ Levels and 3 passes at GCSE/GCE O Level in 5 separate subjects, including English and Mathematics.
American Higher School Certificate with atleast 50%
Graduation Entry Route
Graduation, B.Com, BA, BSC from a recognized University
ACCA Via FD Qualifiaction
Diploma of Foundation in Accountancy (FIA). Knowledge Module of ACCA i.e. first 3 papers are exempted to FIA diploma holders and continue your studies from the fourth exam (F4 – Corporate and Business Law) onwards.
Students can apply for registration to ACCA anytime online or through postal application. However easiest way to apply is online by providing following information through ACCA Website.
Proof of any qualifications – Passport-style photograph
Proof of identity – Payment of prescribed fee
Fee payments can be made by credit/Debit cards and bank draft drawn on a UK bank.
Relevant degree holders from ACCA-accredited institutions may be exempted from all nine exams within the Fundamentals Level and register directly at the Professional Level. Degrees with some relevance may also qualify for exemptions. For details, refer to
ACCA exams are divided into 2 levels Fundamentals (9 exams) and Professional (4 exams), which are further divided into 2 modules each. Knowledge (3 exams) and Skills (6 exams) modules are in the Fundamentals level. Essentials (3 exams) and Options (any 2 of 4 exams) modules are in the Professional level.
- Students have unlimited time to complete fundamental level papers and seven years to complete professional level papers
- The pass marks for all papers are 50%
- There are four manual examination sessions per year – in March, June, September and December
- Up to four papers can be taken in a single examination session
- Credits gained successfully in Fundamentals and Professional Level Papers can be retained, to prevent unnecessary re-taking of examinations
- The Knowledge module must be completed before the Essentials & Options module can be attempted
To qualify as an ACCA member, a student needs to complete: Exams – 14 exams
(4 CBEs (F1 – F4) & Session CBE (F5 -F9) and 5 paper-based)
Experience – 36 months experience in a relevant role (before, during or after completion of exams).
Ethics – The professional ethics module.
Qualifiaction Along The Way
Oxford Brookes University UK
B.Sc. (Hons.) in Applied Accountancy is an additional qualification that gives ACCA students an edge over other accounting qualifications. The Oxford Brookes University gives students an opportunity to gain this degree while they study for ACCA and have passed at least first nine papers. Students will also be required to write and submit a research and analysis project to the university.
After completion of ACCA qualification and practical experience of 36 months the ACCA member can also claim MBA degree in Accounting and Finance from Oxford Brookes University (UK).
University of Central Punjab (Pak)
On completion of first 9 exams ACCA students can apply for BBA (Hons.) degree in applied accounting and on completion of ACCA qualification they can obtain MBA degree in Accounting and Finance from University of Central Punjab (Pak).
Diploma in Accounting and Business
After passing only first 3 exams (F1-F3) of ACCA students can obtain Diploma in Accounting and Business (FIA) from ACCA and after passing 9 exams (F1-F9) of ACCA they can claim Advanced Diploma in Accounting and Business.
ACCA – equivalent to a Masters level degree (HEC of Pakistan)
The Higher Education Commission (HEC) of Pakistan has granted equivalence to ACCA qualification to a Masters level degree (M.Com).
ICAEW Qualification for ICAP Members
Institute of Chartered accountants of Pakistan (ICAP) and ICAEW has signed a Memorandum of Understanding; ICAP members, now can opt for the ICAEW membership by passing only 2 exams and a case study of the Advanced Stage of ICAEW. The articles training and 12 exams of certificate and professional levels are exempted to ICAP members.
ICAEW qualification for ACCAs and other professionals:
ICAEW accelerated program is also available for other professional qualifications like ACCA and CIMA. Credits from 12 papers of certificate and professional levels are available to ACCA and CIMA qualification holders; they just need to pass the final 2 papers and a case study of the advanced stage examinations.
However, they need to complete the Technical Work Experience (TWE). This should relate at least one area from Accounting, Audit, Assurance, Taxation, Financial Management, Insolvency and Information Technology. Audit work experience is not an essential part of TWE, the training can be completed at any firm / industry registered as ICAEW training provider.
Knowledge Modules: The exams for the Knowledge Modules are held on-line and can be opted at any time of the year.
Application Module: The 2011 exams for the Application Module will be held in March, June, September and December.
Advanced Stage: The exams for the Advanced Stage papers will be held in July and November 2011.
NOTE: Only the Advanced Stage examinations are held in Pakistan. Students, registered at CAPS for the classes of Knowledge and Application Modules can take their exams in the nearest examination center in UAE.
Currently there is no charge for CPL for the following groups:
- ACCA students or affiliates
- CIMA, CIPFA, ICAS or CAI (Ireland) students
- Members of the Institute of Chartered Accountants of Pakistan
- Members of the Chinese Institute of Certified Public Accountants
ACCA cost ranges from Rs. 300,000 to Rs. 350,000 which includes:
Annual subscription and exam fee directly payable to ACCA
Tuition Fee payable to CAPS
Before you continue let us congratulate you on making one of the best decisions in your life. ACCA has been showing tremendous growth in the whole world. Thousands of students appear in ACCA examinations each year especially in UK and Asian Countries.
Maximum time allowed to complete the qualification is 10 years and its flexible mode provides students an opportunity to work while they are studying.
Better employment prospects due to global recognition of the professional qualification.
Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law.
Candidates not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organizational management and strategy development.
The qualification does not concentrate only on theory, and unlike universities prepares a graduate for practical usage.
Gives a unique position in a job market making you more competitive not only within your company or sector, but among your colleagues in the European Union, as well as enabling you to work abroad.
Large companies in middle-eastern countries like Dubai, Saudi Arabia, Kuwait, Oman and Bahrain appreciate the candidates who have completed ACCA.
ACCA qualified can claim relevant exemptions and become Chartered Accountant after doing ACCA.
ACCA being accepted as an equivalent to Masters Degree due to its highly professional and pure financial nature.
ACCA qualified can obtain other qualifications along the way.
ACCA qualified uses “ACCA” letters after his/her name.