Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants offering the Chartered Certified Accountant qualification
The ACCA professional examinations are offered worldwide twice yearly, in June and December.
Only ACCA, ICAEW, ICAI, ICAS and AIA are able to authorise members to conduct audit, insolvency and investment business work in the United Kingdom and Republic of Ireland.
ACCA as worlwide
United Kingdom and Republic of Ireland
The ACCA or Chartered Certified Accountant qualification is fully recognised in the United Kingdom and Republic of Ireland.
Only ACCA, ICAEW, ICAI, ICAS and AIA are able to authorise members to conduct audit, insolvency and investment business work in the United Kingdom and Republic of Ireland.
European Union (EU
The ACCA qualification is legally recognized by all member countries of the European Union under the Mutual Recognition Directiv.Access to local professional qualifications is based on an aptitude test
United States
ACCA failed to gain recognition in America whereas HKICPA signed Mutual Recognition Agreement with AICPA. The mutual recognition agreement was signed between the Hong Kong Institute of Certified Public Accountants and the U.S. International Qualifications Appraisal Board representing the National Association of State Boards of Accountancy and the American Institute of Certified Public Accountants. The agreement covers the period from 24 October 2011 to 23 October 2016. http://www.hkicpa.org.hk/en
Effective December 2009, Colorado State Board of Accountancy no longer accepts Chartered Accountants including ACCA members, as meeting the educational requirements to sit for the US.so ACCA members are required to complete all of the regular requirements to become a U.S. Certified Public Accountant (CPA). Information on becoming a CPA in the U.S
Canada
As of 2006, Canadian Institute of Chartered Accountants, World Education Services and the Odette School of Business at the University of Windsor indicated that the evaluation recognized ACCA as having the Canadian equivalence of a Bachelor's Degree (four years) in Accounting
Australia
The Institute of Chartered Accountants in Australia, CPA Australia and Institute of Public Accountants recognised the ACCA qualification as sufficient to obtain a skill assessment as an Accountant for the purposes of immigration to Australia.
The Tax Practitioners Board has accredited ACCA as a recognised tax agent association and as a recognised BAS agent association on 12 May 2010.
ACCA has not procured a mutual recognition agreement with any accountancy body in Australia whereas both CIPFA & CIMA are recognized in Australia via MRA with CPA Australia.
New Zealand
New Zealand Institute of Chartered Accountants has removed its exemptions altogether for ACCA members following the re-negotiation of mutual recognition agreement with various accounting bodies including CIPFA and CPA Australia in December 2010.
South Africa
The ACCA Professional Scheme has been registered at Level 8 (equivalent to master degree level).
ACCA hasn’t procured mutual recognition agreement with any accountancy body in South Africa while Institute of Chartered Accountants in England and Wales, ICA in Scotland, ICA in Ireland have MRA with South African Institute of Chartered Accountants
Zimbabwe
Only members in good standing of ACCA and Institute of Chartered Accountants of Zimbabwe can register as auditors.
China
A new Agreement of Recognition Arrangement (ARA) between ACCA and HKICPA It was a disaster for ACCA members when they had to go through so called "8 unfair terms" e.g.holding a degree recognized by HKICPA (ACCA degree offered by OUB was failed in the test).However, ACCA qualification is highly recognized by the Hong Kong employment market due to international and historical influences.
Singapore
Singapore government recognizes ACCA qualification to meet her migration skills assessment to immigrate in Singapore.
ACCA and national accountancy body, Institute of Certified Public Accountants of Singapore (ICPAS), have operated a Joint Scheme of Examinations.All students who successfully complete the Joint Scheme examinations satisfy the examination requirements of both ACCA and ICPAS and are eligible to apply for membership of both bodies
Taiwan.ACCA members are entitled to obtain advanced standing in the examinations to become a Certified Public Accountant in Taiwan.
Malaysia
The ACCA or Chartered Certified Accountant qualification currently is recognized by the Malaysian Institute of Accountants (MIA). Only MIA members will be considered as accountants in Malaysia ACCA is statutorily recognised in Part II of the First Schedule of the Accountants
ACCA and the Malaysian Institute of Certified Public Accountants (MICPA) signed a mutual recognition agreement (MRA),
Pakistan
The ACCA qualification is legally recognised as Qualified Company Secretary in Pakistan, and there is partial recognition between ACCA and the local statutory accounting body (Institute of Chartered Accountants of Pakistan). Now ACCA affiliates/members can get maximum of seven exemptions.
Higher Education Commission (HEC) of Pakistan recognise ACCA member as equal to Masters in Commerce (M.Com)
Members
To qualify as an ACCA member, you will need to complete: - a minimum of five of 14 exams (nine are eligible for exemption)
- the three years' practical experience
- the Professional Ethics module.
The ACCA offers other qualifications:
- MBA (for ACCA full members, offered in association with Oxford Brookes University)
- BSc(Hons) in Applied Accounting, offered in association with Oxford Brookes University
- MSc in Financial Management, offered in association with Heriot Watt University
- Diploma in Financial Management (DipFM). Introduced in the mid-1980s as the Certified Diploma in Accounting and Finance (CDipAF), a financial qualification designed for non-finance managers. This qualification was withdrawn for new registrants at the end of 2010 and will be replaced with Foundations in Accountancy awards at the end of 2011
- Diploma in International Financial Reporting (DipIFR)
- Certificate in International Auditing (CertIA)
- Certificate in International Financial Reporting (CertIFR)
Learning Partner
- BPP Learning Media (Platinum Approved Learning Partner)
- Becker Professional Education - ATC International
- Get Through Guides
- Kaplan
ACCA membership
Once you have completed your exams, three years' practical experience and the Professional Ethics module you will become an ACCA member and be able to use the 'ACCA' letters after your name.
When you have been an ACCA member for five years and completed your CPD for that time, we will automatically award you the prestigious title of Fellow. You will receive a letter and a certificate to welcome you to yo
Professional SchemeThe Professional Scheme is the primary qualification of the ACCA and, following completion of up to 14 professional examinations and three years of supervised, relevant accountancy experience, enables an individual to become a Chartered Certified Accountant.ur newly-awarded FCCA status
ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS (ACCA)
- F 1- Accounting In Business (AB).
- F 2 – Management Accounting (MA)
- F 3 – Financial Accounting (FA)
FUNDAMENTAL LEVEL : SKILLS MODULE.(All Papers)
F 4 – Corporate and Business Law (CL)F 5 – Performance Management (PM)
F 6 – Taxation (TX)
F 7 – Financial Reporting (FR)
F 8 – Audit and Assurance (AA)
F 9 – Financial Management (FM)
PROFESSIONAL LEVEL: ESSENTIALS MODULE.(All Papers).
P2 - Corporate Reporting (CR)
P3 – Business Analysis (BA)
PROFESSIONAL LEVEL: OPTIONS MODULE.(Any Two Papers)
P4 – Advanced Financial Management (AFM)P5 - Advanced Performance Management (APM)
P7 – Advanced Audit and Assurance. (AAA).
AFTER ACCA
Many (although not all) universities and educational providers will recognise ACCA as equivalent to at least a Bachelor degree in accountancy, for the purpose of obtaining credit to acquire a local Masters degree or enter an advanced study program.
Many (although not all) universities and educational providers will recognise ACCA as equivalent to at least a Bachelor degree in accountancy, for the purpose of obtaining credit to acquire a local Masters degree or enter an advanced study program.
- The relationship between ACCA and the UK'
- s Oxford Brookes University, has offered ACCA students and members to the Oxford Brookes BSc (Honours) in Applied Accounting, and the online supported MBA.
- According to the agreements between ACCA and Tsinghua University in Beijing (China), Tsinghua will recognise the Oxford Brookes University BSc(Hons) Applied Accounting degree stated as the above, and will accept the graduates from this BSc(Hons) degree program to further study Tsinghua's master degree programs.
- ACCA and the School of Oriental and African Studies (SOAS) at the University of London have signed a global partnership agreement to enable ACCA’s members and affiliates worldwide to take the SOAS's Postgraduate Diploma in Public Financial Management.
- ACCA has signed the agreement with the University of Cambridge ESOL examinations (English for Speakers of Other Languages) to result in the launch of the International Certificate in Financial English (Cambridge ICFE), a new financial English exam.
- Together with the Said Business School, at the University of Oxford, ACCA offers the Diploma in Financial Strategy, a Masters-level course that provides the essential elements of an MBA for qualified accountants, and is designed to extend knowledge and develop senior management skills.
- ACCA and Edinburgh Business School at Heriot-Watt University have signed a joint agreement to enable ACCA Part 3 students, affiliates and members to gain a fast track entry through free-of-charge credit transfer and exemption when they matriculate for the MSc in Financial Management by distance learning or face-to-face study at a global network of centres.
- ACCA partners Exeter University to offer members postgraduate qualifications in leadership (MA degree in leadership
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