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ACCA practical experience requirement

ACCA practical experience requirement

ACCA practical experience requirement: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.

ACCA practical experience requirement

THE IMPORTANCE OF EXPERIENCE

ACCA’s Practical Experience Requirements are vital parts of the Certified Accounting Technician (CAT) and ACCA qualifications. They provide frameworks that support sustainable improvements in workplace performance and create more motivated and valuable employees.

As an employer of ACCA trainees, you play a vital role in ensuring trainees gain appropriate work experience and in supporting the relationship between trainees and their workplace mentors.

By supporting ACCA trainees in achieving the PER (Practical Experience Requirement standards), you are sending out a clear message that your organisation is committed to employees’ development.

Practical experience supervisors – those who oversee trainees’ achievements of ACCA performance objectives – can also gain job satisfaction from seeing their trainees’ performance improve.

ACCA practical experience requirement

THE IMPORTANCE OF EXPERIENCE

ACCA’s Practical Experience Requirements are vital parts of the Certified Accounting Technician (CAT) and ACCA qualifications. They provide frameworks that support sustainable improvements in workplace performance and create more motivated and valuable employees.

As an employer of ACCA trainees, you play a vital role in ensuring trainees gain appropriate work experience and in supporting the relationship between trainees and their workplace mentors.

By supporting ACCA trainees in achieving the PER (Practical Experience Requirement standards), you are sending out a clear message that your organisation is committed to employees’ development.

Practical experience supervisors – those who oversee trainees’ achievements of ACCA performance objectives – can also gain job satisfaction from seeing their trainees’ performance improve.

ACCA practical experience requirement

FOUNDATIONS IN PRACTICAL EXPERIENCE REQUIREMENT (FPER) – CAT QUALIFICATION (PART OF THE FOUNDATIONS IN ACCOUNTANCY SUITE OF AWARDS)

To become a Certified Accounting Technician, a trainee must complete the CAT accountancy exams, the Foundations in Professionalism module and obtain at least one year’s supervised work experience.

Trainees who register for CAT from January 2011 onwards must complete Foundations in Practical Experience Requirements (FPER). Trainees who registered for CAT before the end of 2010 can submit a Trainee Training Record (TTR) instead up to and including the 31 December 2011, or they may choose to complete the new FPER. After that date, only the FPER will be accepted.

ACCA practical experience requirement

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 practical experience requirement

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