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ACCA membership and Other Details About ACCA

ACCA membership

ACCA membership: When you become an ACCA member you can proudly display the ACCA letters after your name. The ACCA designation is an instantly recognisable badge across all sectors and in organisations of every shape and size

It demonstrates that you have completed the ACCA Qualification exams, ACCA’s Practical Experience Requirement (PER) and the Professional Ethics module and:

  • sets you apart as a qualified accountant and shows your commitment to high ethical and professional values and to lifelong learning
  • gives you the opportunity to choose where you work – in any sector, anywhere in the world
  • increases your employability because employers recognise the value that the ACCA Qualification brings to their business
  • keeps you at the top of the profession.

Your hard work and sacrifice deserves to be recognised and becoming a member of ACCA is the reward for dedication, study and developing a way of working that upholds the highest ethical standards, highlights critical thinking and technical skills. Our members have:

  • passed all the necessary exams
  • satisfied our practical experience requirements
  • completed the ACCA ethics module.

Our members pay an admission fee to become a member and subscription fees every year after they qualify.So take a minute and watch this video to remind you why you’ll have earned ACCA membership when you are ready.

ACCA membership: About ACCA

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.

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.

The ACCA offers the following certifications:

ACCA membership: Chartered Certified Accountant (ACCA)

Chartered Certified Accountant is the professional body’s main qualification. Following completion of up to 14 professional examinations, three years of supervised, relevant accountancy experience and a professional ethics module, it enables an individual to become a Chartered Certified Accountant. The ACCA professional examinations are offered worldwide four times yearly, in March, June, September and December as paper-based exams. Computer-based exams are also offered for the first four exams (F1, F2, F3 & F4) which are available to take at ACCA licensed exam centres throughout the year. A Bachelor of Science (Honours) degree in Applied Accounting (after completing the Fundamentals level of the exams, the professional ethics module and submitting a Research and Analysis project), is offered in association with Oxford Brookes University.

The syllabus comprises 14 examinations, although some exemptions are available. The qualification is structured in two parts. The Fundamentals level consists of 9 examinations: F1 Accountant in Business, F2 Management Accounting, F3 Financial Accounting, F4 Corporate and Business Law, F5 Performance Management, F6 Taxation, F7 Financial Reporting, F8 Audit and Assurance, and F9 Financial Management.

The Professional level involves 5 examinations. Within the Professional level three papers are compulsory: P1 Governance, Risk and Ethics; P2 Corporate Reporting; and P3 Business Analysis. Two of the following four options papers must also be completed: P4 Advanced Financial Management, P5 Advanced Performance Management, P6 Advanced Taxation and P7 Advanced Audit and Assurance.

The ACCA full Professional qualification is regarded as the equivalent of a taught UK master’s degree by the UK NARIC and Department of Education.

Subjects include financial accounting, management accounting, financial reporting, taxation, company law, audit and assurance and financial management.

ACCA membership: Foundation-level qualifications – Foundations in Accountancy

ACCA offers a range of foundation-level certificates and diplomas – collectively referred to as Foundations in Accountancy – which provide an entry point for anyone new to accounting and finance and who doesn’t meet the minimum entry requirements for the ACCA Qualification (which is three GCSEs and 2 A Levels or equivalent, in five separate subjects). Students can start at any level within the Foundation level, but it is recommended that students without any formal academic qualifications start with the Introductory Certificate in Financial and Management Accounting and complete exams FA1, Recording Financial Transactions and MA1, Management Information; then progress to Intermediate Certificate in Financial and Management Accounting and complete exams FA2, Maintaining Financial Records and MA2, Managing Costs and Finance; before progressing to the Diploma in Accounting and Business and completing FAB, Accountant in Business, FMA, Management Accounting and FFA Financial Accounting. Students can use the Foundation-level awards as an entry route onto the ACCA Qualification. Students who complete the Diploma in Accounting and Business will be given exemption from the first three exams of the ACCA Qualification (F1, F2 and F3) and can start their studies on the ACCA Qualification with Paper F4, Corporate and Business Law.

In order to achieve a certificate for the exams completed students must also complete a foundation ethics module called Foundations in Professionalism, but this only has to be completed once, even if a student wishes to achieve both certificates and the diploma.

The Foundation-level exams are available as paper-based exams held in June and December or as on-demand computer-based exams throughout the year at ACCA Licensed exam centres.

ACCA membership: Other qualifications

The ACCA offers other qualifications:

  • MBA (for ACCA full members), offered in association with Oxford Brookes University
  • B.Sc.(Hons) in Applied Accounting, offered in association with Oxford Brookes University
  • MSc in Financial Management, offered in association with Heriot-Watt University
  • MSc in Professional Accountancy, offered in association with University of London
  • Diploma in Financial Management (DipFM). This certification was previously known as the Certified Diploma in Accounting and Finance (CDipAF), a financial qualification designed for managers outside of finance. This qualification was 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)
  • Certificate in International Public Sector Accounting Standards (Cert IPSAS)
  • Certificate in Business Valuation in partnership with the French Chartered Accountants Institute (CSOEC) offered both in English and French courses
  • Global Business Services (GBS) qualifications

ACCA membership

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