The Association of Chartered Certified Accountants (ACCA) Level 7

Course Overview

The ACCA or (Association of Chartered Certified Accountants) is one of the largest international bodies for professional accountants with 147,000 members and 424,000 students in over 170 countries. They offer business-relevant, qualifications to talented and ambitious graduates around the world who seek a rewarding career in accountancy, finance and management. The ACCA Qualification develops knowledge and skills of accountancy and develops professional values allowing you to lay the foundations for a successful career as a finance professional in a variety of sectors. ACCA Members (known as Chartered Certified Accountants) gain employment in financial services, the public sector and industry. They benefit from receiving regular career support and a range of services from the ACCA organisation itself.

The course therefore recognises the requirements of these bodies in the structure of its curriculum and assessment methods and, these requirements, together with the bench-mark statements, are critical factors in developing the course.

For UK/EU students who have no formal qualifications but who are looking to go into a career in accounting, you may consider taking our Foundations in Accountancy course. This is equivalent to taking the first 3 ACCA papers and you may move onto study the remaining papers once this is completed.

The course is ideal for you if:

  • You are interested in finance and have a flair for Maths
  • You are looking for a career as a Chartered Certified Accountant
  • You want an internationally recognised qualification and the flexibility to work in a range of sectors

To qualify as an ACCA member, you will need to complete:

  • 14 exams (nine are eligible for exemption)
  • The practical experience requirement
  • The Professional Ethics module

 

  • Key Course Facts

  • Entry Requirements

  • Course Structure

Commencement:  January, July and September

Awarding Body: The Association of Chartered Certified Accountants

Level: Fundamentals: QCF Level 6 Fundamentals & Professional: QCF Level 7

Duration: Fundamentals: 2 years Fundamentals & Professional: 3 years

Study Mode:  Full-time. Flexible individual paper entry (including evening courses) available to UK/EU students

Programme Summary: Download by clicking here

Academic
Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.

English
IELTS Requirement: Minimum 6.0 or equivalent (with at least 5.5 in each band).

Access to ACCA via Foundations In Accountancy qualification
Students who do not have any formal qualifications or do not meet the minimum entry requirements will need to complete:
• 3 exams: Accountant in Business (FAB), Management Accounting (FMA) and Financial Accounting (FFA)
• A professionalism and ethics module called Foundations in Professionalism as part of completing a Foundations in Accountancy qualification. Once completed, they are eligible to directly enter the ACCA qualification and receive exemptions for the first 3 Knowledge modules..

Fundamentals (nine papers in total)

Knowledge
F1 Accountant in Business (AB)
F2 Management Accounting (MA)
F3 Financial Accounting (FA)
Skills
F4 Corporate and Business Law (CL)
F5 Performance Management (PM)
F6 Taxation (TX)
F7 Financial Reporting (FR)
F8 Audit and Assurance (AA)
F9 Financial Management (FM)

Professional (five papers in total)

Essentials
P1 Professional Accountant (PA)
P2 Corporate Reporting (CR)
P3 Business Analysis (BA)
Options (two to be completed)
P4 Advanced Financial Management (AFM)
P5 Advanced Performance Management (APM)
P6 Advanced Taxation (ATX)
P7 Advanced Audit and Assurance (AAA)

Students will need to complete 14 papers in total. A maximum of nine papers in the Fundamentals level are available for exemption.
• ACCA exams are held twice a year – in June and December
• Students will need to complete three-years’ relevant practical experience and fulfil 13 performance objectives from a possible 20 outlined by ACCA to receive the ACCA Member title.