ACCA stands for the Association of Chartered Certified Accoutants, an international accountancy body. ACCA is the most progressing accountancy body in the world.
This association is offering wide range of accountancy courses within a general outline open to students and professionals around the world. However, it lacks any regulatory authority. Instead, it is affiliated with national educational bodies.
This is a very flexible accountancy course,for ACCA, certification the exams can be attempted as per student’s convenience Furthermore, if the student does not clear one paper, the others would still be considered passed .there is a higher passing percentage 40% globally for the ACCA exams. Many public and private institutes are conducting ACCA certification course across the country.
Course Content and Duration:
ACCA syllabus includes a program comprising 14 examinations. Exams are split in Fundamental and Professional categories.
You have to take admission in Foundation Diploma FD where you have to pass seven papers. First four papers are known as:
MA1: Management Information
FA1: Recording Financial Transactions
MA2: Managing Cost and Finance
FA2.Maintaining Financial Records
FAB: Accountant and Business
FMA: Management Accounting
FFA: Financial Accounting
Papers after completion of the Foundation Diploma .Here you have to pass the papers from F4 to F9.
P1 to P5
This will complete your ACCA certification course. After completion of this P-module you can also apply for master’s program.
Matriculation/o-level or equivalent with at least 60% marks or intermediate or equivalent rom a recognized institute with at least 50% passing marks
Bs, BSc. or other bachelor graduates can also apply for admission in ACCA certification.
The fee structure is quite complex as every paper has its own charges in foreign currency plus the institutions own tuition, examination and admission charges will sum-up the figure in millions. Every paper has its own fee ranging from 10 thousand to 30 thousand according to level and subject. Tuition fee might vary according to the institution but examination fees are fixed and these charges are updated every year.
After completing your ACCA, you can do internship program at any firm. Work experience will help you to earn good figures. Every business related field has opportunities and scope for ACCA pass-out. You can work in banks, financial settings and any organization where accountancy and finance department prevails. Teaching and research also employ ACCA pass outs in the institutes where accounting courses are taught.