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ACCA (Association of Certified Chartered Accountants)

ACCA (Association of Certified Chartered Accountants) is a reputable organization for accountancy qualification across the globe. ACCA headquarter is in London, UK. Its national offices operate in various countries.

ACCA qualification is an outstanding accountancy qualification which is recognised and valued by employers across the world. The ACCA professionals work at audit firms, finance departments, banks, industry, setups relating to budgeting, revenue and taxation, commercial organization, local and multinational companies.

   Eligibility for ACCA

  • A-Level with 2 passes and O-Level with 3 passes in subject including English and Mathematics
  • or American Higher School Certificate with alteast 50% marks
  • or Graduation, B.A, BSc, B.Com or equivalent bachelor qualification
  • or Foundation Diploma

Note. Students having ‘Foundation Diploma’ are exempted from part first of ACCA and are directly enrolled in 2nd part of ACCA.  Hence, students having O-level or Matriculation qualification can enroll in Foundation Diploma and on completion can move on to 2nd Part of ACCA.

   ACCA Program Structure

ACCA is divided into following three parts:

FUNDAMENTAL KNOWLEDGE (3 Papers)
F 1 Accountant in Business 2 Hours
F 2 Management Accounting 2 Hours
F 3 Financial Accounting 2 Hours
FUNDAMENTAL SKILLS (6 Papers)
F 4 Corporate and Business Law 3 Hours
F 4 Performance Management 3 Hours
F 6 Taxation 3 Hours
F 7 Financial Reporting 3 Hours
F 8 Audit and Assurance 3 Hours
F 9 Financial Management 3 Hours
PROFESSIONAL LEVEL (5 Papers)
P 1 Governance, Risk and Ethics 3 Hours
P 2 Corporate Reporting 3 Hours
P 3 Business Analysis 3 Hours
Any 2 optional papers to be select from following
P 4 Advanced Financial Management 3 Hours
P 5 Advanced Performance Management 3 Hours
P 6 Advanced Taxation 3 Hours
P 7 Advanced Audit and Assurance 3 Hours

Students can appear in paper-based exam for above papers in March, June, September and December. The papers F 1 to F4 can also be attempted as Computer-based Exam in any month of the year. Computer-based Exam has objective type question. Paper-based exam has both objective as well as descriptive questions. The time allowed for each paper is reflected in the above table.

ACCA Fee Structure

The fees payable to ACCA, UK are as follows:

Description Fee for other countries Fee for Pakistan
Registration Fee £ 79                   £ 32
Annual Subscription Fee £ 95 £ 53
Paper fee (Fundamental Knowledge) £ 72  per paper           £ 43 per paper
Paper fee (Fundamental Skills)  £ 97  per paper £ 61 per paper
Paper fee (Professional Level)  £  121 per paper             £ 121 per paper

Note. The above paper fees (exam fee) are payable to ACCA, UK. Besides these fees, student has to pay tuition fee and registration fee to the college where he or she enrolls for classes. Tuition fee per paper varies depending of the college.

The above fees are for year 2017. The fees keep on changing from year to year.

   How to study ACCA – Admission Procedure

  • ACCA is administered by ACCA, UK.
  • ACCA exams are conducted by ACCA, UK.
  • Colleges in various cities offer ACCA qualification. They teach subjects of ACCA according to the plan and syllabus directed by ACCA, UK.
  • You must visit a nearest college offering ACCA qualification.
  • Fill in the registration form to get admission in the college as well as for registration with ACCA, UK.

   Flexibility in ACCA Program

ACCA qualification is a very flexible program. You have full control over the speed of your program. You can choose up to 4 papers in one exam. You can attempt first three papers either as paper-based examination or computer-based exam depending on your choice. The remaining papers are to be attempted as paper-based exam. You can choose to sit in paper-based exam in March, June, September and December.  Computer-based exam can be attempted in any month of the year.

   Exemption of Papers in ACCA

Students seeking admission in ACCA are given exemption from some papers of ACCA depending upon their previous qualification if it is relevant to ACCA such as MBA, M.Com and so on. Exemptions of up to nine papers are available to students depending upon the relevant of student’s previous qualifications to subject matter of ACCA.

Students having ‘Foundation Diploma’ are exempted from first three papers of ACCA.

The students eligible for exemptions have to apply for exemptions and pay the exemption fee.

   Exam Dates

The paper-based exams are held in March, June, September and December. The computer-based exams are held every month of the year.

Minimum duration for ACCA is 2 years. Maximum duration of the program depends upon the performance of the student in ACCA.