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ACCA Course – An Overview
ACCA stands for Association of Chartered Certified Accountants. It is a global organization that qualifies candidates with the Certified Chartered Accountant degree. Candidates who embark on the ACCA course get to learn in detail about the accounting and finance field. Also, ACCA is called a complete package because it trains the candidates in different skills such as communication and leadership. According to ACCA, the ACCA course subjects and modules are a prime reason why many brands across the world such as Accenture and Deloitte prefer to recruit ACCA members.
ACCA Course Subjects
Candidates who aspire to become an ACCA member have to appear in 13 exams and pass them. There are some subjects that are mandatory to be a part of the accounting and financial sector such as Business and Technology, Management Accounting, and Financial Accounting.
Apart from the basic accounting and finance subjects, there are also other subjects to polish the candidate’s skills such as Performance Management, and Strategic Business Leader.
While most of the ACCA course subjects are mandatory, there are also some subjects that are options from which candidates need to pick two subjects. Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance are the optional subjects.
ACCA Course Levels
The ACCA Course is divided into two major categories: Fundamental and Professional Level. There are again two subcategories under these two major categories individually.
Fundamental Level:
The ACCA Course subjects under the Fundamental Level are named F1 – F9. Candidates learn these subjects under the two subcategories: Knowledge and Skills Level.
Knowledge Level:
There are 3 subjects under the Knowledge Level or the Applied Knowledge Papers. The motto of these fundamental papers is to provide basic knowledge about the finance and accounting field to the candidates. The subjects under this level are:
● Business and Technology
● Management Accounting
● Financial Accounting
Skills Level:
There are 6 subjects under the Skills Level or Applied Skills Paper and are helpful in enhancing the Fundamental Level subjects. The subjects under this level are:
● Corporate and Business Law
● Performance Management
● Taxation
● Financial Reporting
● Audit and Assurance
● Financial Management
After completing the Fundamental Level, the candidates will go to the next level of the ACCA course.
Strategic Professional Level:
ACCA helps in polishing the skills that are required to be a leader in the management, accounting, and financial fields across the globe. According to this requirement, the next level is the Strategic Professional Level which is divided into two categories: Essentials and Optional.
Essentials:
Under the Strategic Professional Level, the essential ACCA course subjects are mandatory for the candidates. The subjects under the essentials are:
● Strategic Business Leader
● Strategic Business Reporting
Optional:
Apart from completing the essential subjects, the candidates have to select two subjects from the Optional category. Here are the subjects from which the candidates need to choose:
● Advanced Financial Management
● Advanced Performance Management
● Advanced Taxation
● Advanced Audit and Assurance
Candidates will get a certificate only after passing all the exams. ACCA offers exemptions in examinations depending upon the eligibility of the candidates. For example, commerce graduates and postgraduates will have to appear in just 9 exams in place of 13. Zell Education helps in understanding the exemptions and also in preparing for the ACCA exams.
Ethics and Professional Skills:
Apart from the ACCA Course subjects to go through, candidates also need to go through different case studies to understand through practical examples. This level is quite helpful in offering practical learning of all the knowledge that they have acquired in the modules.
ACCA Practical Experience Requirement
Candidates can only acquire the ACCA certificate after completing the whole package of passing ACCA Course subjects and completing the practical experience requirements. Students have to complete 3 years of practical experience in a relevant field to finally become an ACCA member. Working professionals can show their existing experience to get the certificate.
ACCA Qualification
ACCA is not just about passing the ACCA Course subjects. There are a lot of important details that candidates should know to get proper ACCA benefits and become a member smoothly.
- What are the ACCA exam exemptions?
While even the higher secondary pass students are eligible to pursue ACCA, there are some exemption benefits for students with higher qualifications. Higher secondary students have to appear in all 13 exams while commerce graduates and post-graduates are exempted from 4 exams. Similarly, CA candidates in India are exempted from 9 exams.
- What are the ACCA course fees in India?
The ACCA course fees in India can range from Rs. 20,000 to Rs. 2,50,000 on average depending upon the candidate’s eligibility, subscriptions, and exemptions.
- What is the ACCA course duration?
ACCA conducts 4 exams each year and candidates can appear in 8 ACCA course subjects in a single year. The ACCA duration depends upon the exam exemptions and how soon the candidates pass the exams.
ACCA offers a complete package to transform the candidates into perfect individuals according to the industry standards. The ACCA course subjects and levels are designed according to the industry requirements. Passing the levels and becoming an ACCA member will help the candidates become a leader in the accounting and finance sector globally.
