ACCA in full FAQs

1. What does ACCA stand for?

ACCA stands for the Association of Chartered Certified Accountants. It is a global professional accounting body offering the Chartered Certified Accountant qualification (ACCA).

2. What is the ACCA qualification?

The ACCA qualification is a globally recognized accountancy credential that combines exams with practical experience and ethics training. It prepares individuals for a career in accounting, finance, and management, equipping them with the necessary skills and knowledge to work in various sectors worldwide .

3. What are the eligibility requirements for the ACCA qualification?

To be eligible for the ACCA qualification, you must meet one of the following criteria:

• A minimum of 65% in Maths/Accounts and English and at least 50% in other subjects at the 10+2 level.
• A bachelor’s degree from a recognized university.
• Completion of a relevant professional qualification such as CA, CMA, or CPA .

4. What is the structure of the ACCA qualification?

The ACCA qualification consists of three levels:

• Applied Knowledge: Includes subjects like Business and Technology (BT), Management Accounting (MA), and Financial Accounting (FA).
• Applied Skills: Covers subjects such as Corporate and Business Law (LW), Performance Management (PM), and Taxation (TX).
• Strategic Professional: Comprises compulsory modules like Strategic Business Leader (SBL) and Strategic Business Reporting (SBR), along with optional modules such as Advanced Financial Management (AFM) and Advanced Taxation (ATX) .

5. How long does it take to complete the ACCA qualification?

The ACCA qualification typically takes 3 to 4 years to complete, depending on the number of exemptions granted and the student’s study pace. Students must complete the Strategic Professional exams within seven years from the date they pass their first exam at this level .

6. What are the costs associated with the ACCA qualification?

The costs for the ACCA qualification include:

• Initial Registration Fee: £89

• Annual Subscription Fee: £134
• Exam Fees: Varies by level, with Applied Knowledge exams at £89 per
  exam, Applied Skills exams at £111 per exam, and Strategic Professional exams at
  £137 per exam .

7. What career opportunities are available after completing the ACCA qualification?

ACCA-qualified professionals can work in various roles across multiple sectors, including finance, accounting, audit, tax, and management. ACCA is recognized in over 180 countries, allowing professionals to work globally. Major employers include firms like PwC, Deloitte, KPMG, and Ernst & Young .

8. How is the ACCA qualification globally recognized?

The ACCA qualification is recognized in over 180 countries and is respected by employers and educational institutions worldwide. It aligns with international accounting and auditing standards, making it a valuable credential for global career opportunities.

For more detailed information on the ACCA qualification, visit the ACCA Global website.

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