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ACCA competence framework information

ACCA competence framework

ACCA competence framework: ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

ACCA competence framework information

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA competence framework:

WHAT IS THE COMPETENCY FRAMEWORK?

The ACCA Competency Framework is an online, interactive tool which demonstrates the different competencies developed through all elements of the ACCA Qualification (exams, ethics module and experience requirement) and links these competencies to jobs in finance.

It is a valuable tool to illustrate how ACCA members are complete finance professionals and have a comprehensive skill set to work in a variety of accounting and finance roles.

HOW IS IT USEFUL FOR ME?

It will show you how ACCA relates to specific jobs and different business sectors and will help you identify which performance objectives you should be getting signed-off by your practical experience supervisor.

SHOWING CAREER PATHWAYS AND PROGRESSION ROUTES

The ACCA Competency Framework shows you the type of jobs ACCA members do, how to get these jobs, and progress through your career in finance.

You will also be able to see what type of skills you have developed which will help you show your achievements to employers.

HELPING YOU WITH PER

Relating your study to the job you are doing will help you plan and succeed in your journey to membership.

The ACCA Competency Framework links the exams, jobs and the performance objectives you need to get signed-off for as part of the Practical Experience Requirements (PER). This helps you identify which performance objectives you should target and get signed-off.

CHOOSE THE RIGHT OPTIONS

The Options papers are the last exam hurdle before membership.

It is important that you choose the Options papers which best reflect the job you are doing or want to do and the content you feel most confident in.

The ACCA Competency Framework makes these links and can help you make the right choice.

START USING THE ACCA COMPETENCY FRAMEWORK

If you want to see how your journey to membership, by achieving the ACCA Qualification, links to your career and the competencies you are gaining then use the ACCA Competency Framework and start searching using ‘ACCA Qualification’ or ‘sector’.

ACCA competence framework

ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

brief history of ACCA:

ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA competence framework

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