ACCA

About ACCA

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)

Why ACCA

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.

CAPS - Approved Learning Provider (GOLD)

Studying with an Approved Learning Partner means you can expect to receive high quality tuition and excellent student support in a comfortable environment, conducive to study. All of our Approved Learning Partners receive regular visits from ACCA to ensure that they are up to date on developments and continue to keep their standards high. Visits include meetings with ACCA students to get feedback on their experiences.

Becoming ACCA

Entry Requirements

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.

Registrations

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.

Claiming Exemptions

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 https://www.accaglobal.com/pk/en/qualifications/accountancy-career/graduatepk/exemptions.html

ACCA Qualifications

Exam Regulations

  • All modules must be sat in order
  • Maximum of four papers to be taken in one sitting
  • Papers within a module may be sat in any order but ACCA recommends that they should be sat in numerical order
  • Papers from a variety of levels may be sat at any one time. i.e. Knowledge and Skills or Skills and Essentials
  • The three Essentials ACCA papers do not have to be sat together
  • Students have 10 years to pass all the examinations. From early 2016 students will have 7 years to pass the exams at Professional level (SBL and SBR and two of the options paper AFM – AAA). The 7 year time limit starts when a student passes their first Professional level exam
  • The pass mark for all examinations is 50%
  • In addition to the above 13 papers, students are required to study and sit an on-line module in Professional ethics. It is recommended that this is studied at the same time as SBL
  • Practical experience required

To qualify as an ACCA member, a student needs to complete: Exams – 13 exams

CBE (AB – LW) – 04 Papers

Session CBE (PM -FM) – 05 Papers

Paper Based  – 04 Papers

Experience – 36 months experience in a relevant role (before, during or after completion of exams).

Fundamentals (9 Papers)

MODULE: APPLIED KNOWLEDGE (3 Papers)

Paper Subject Exam Session
AB Accountant in Business CBE*(monthly)
MA Management Accounting CBE*(monthly)
FA Financial Accounting CBE*(monthly)

MODULE: APPLIED SKILLS (6 Papers)

Paper Subject Exam Session
LW Corporate and Business Law CBE*(monthly)
MA Management Accounting March, June, September & December
TX Taxation March, June, September & December
FR Financial Reporting March, June, September & December
AA Audit and Assurance March, June, September & December
FM Financial Management March, June, September & December

STRATEGIC PROFESSIONAL (4 Papers)

MODULE: ESSENTIALS (2 Papers)

Paper Subject Exam Session
SBL Strategic Business Leader March, June, September & December
SBR Strategic Business Reporting March, June, September & December

OPTIONS (Choose any 2 from 4)

Paper Subject Exam Session
AFM Advanced Financial Management March, June, September & December
APM Advanced Performance Management March, June, September & December
ATX Advanced Taxation March, June, September & December
AAA Advanced Audit and Assurance March, June, September & December

ACCA offers a number of exemptions in Pakistan and globally as well. Some exemptions offered in Pakistan include:

I.COM One exemption in Foundation Diploma
B.COM (four years) Four exemptions in ACCA
M.COM Four exemptions in ACCA
BSC Accounting and Finance Four exemptions in ACCA
MSC Accounting and Finance Four exemptions in ACCA

Exemptions Available To ACCA Affiliates

ACCA (UK) qualified students are eligible for the following other professional qualifications:

  • A qualified ACCA (UK) will get maximum 8 exemptions in the Institute of Chartered Accountants of Pakistan (ICAP)
  • A qualified ACCA (UK Stream) needs to appear for 3 papers of Institute of Chartered Accountants of England & Wales (ICAEW) only, remaining papers being fully exempt.
  • A qualified ACCA needs to appear for 3 papers of Chartered Institute of Management Accountants UK (CIMA) only, remaining papers being fully exempt after clearing CIMA Gateway.

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).

Important Contacts

ACCA Student Services UK OFFICE
110 Queen Street, Glasgow, G1 3BX

Tel:+ 44(0) 141 582 2000

Fax:+ 44(0) 141 582 2222
E-mail: students@accaglobal.com
Website: www.accaglobal.com

ACCA Student Services ISLAMABAD OFFICE
Office No. 5, 2nd Floor, SNS Centre,Fazal-ul-Haq Road, Blue Area,Islamabad, Pakistan

Tel:+92 (0) 51 111-222-275
Fax:+92 (0) 51 32876605
E-mail: info@pk.accaglobal.com
Website: www.pakistan.accaglobal.com

ACCA Student Services LAHORE OFFICE
61-C Main Gulberg, Main Boulevard, Lahore 54660 Pakistan

Tel:+92 (0) 42 111-222-275/ 35759129 / 35714361
Fax:+92 (0) 42 35759346
E-mail: info@pk.accaglobal.com
Website: www.pakistan.accaglobal.com

How Much It Will Cost

ACCA Association of Chartered Certified Accountant (UK)  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

For further information please visit our Campus or call @ 0333-5888081.