ACCA

Awarding Body: Association of Chartered Certified Accountants

ACCA is the Association of Chartered Certified Accountants with a thriving global community of 241,000 members and 542,000 future members based in 178 countries that upholds the highest professional and ethical values.

Accountancy is a cornerstone profession of society that supports both the private and public sectors. That is why ACCA is committed to the development of a strong global accountancy profession and the many benefits that this brings to organisations, individuals and society.

ACCA qualifications develop forward-thinking professionals with the financial and business skills essential for the creation of sustainable economies and flourishing societies. Every day, ACCA professional accountants support people and organisations in making sound decisions and doing the right thing. ACCA builds public trust by creating an inclusive profession with people from all backgrounds, bound by a common global code of ethics and committed to updating their skills to meet ever-changing needs.

Why ACCA?

All over the world, employers seek out ACCA members to lead their business to sustainable success.

That’s because they know that ACCA members are strategic thinkers with high ethical integrity, strong financial know-how and the right business acumen.

To become an ACCA member, you have an exciting journey ahead: The ACCA Qualification. Work out where you start your journey and take a look at our Start Your Journey chart in the related document at the bottom of this page.

This journey will take you through a combination of exams, ethics and three years' professional experience. Which means you’ll enter the workplace ready to make a difference in today’s fast-paced business world.

When you qualify, you…

  • Become a member of the world’s most forward-thinking accountancy body – the ACCA letters after your name are globally recognised and show employers that you work to the highest professional and ethical standards.
  • Open doors to opportunities all over the world - the ACCA Qualification is respected globally, and will help you to open doors wherever your career path may take you. It also gives you the flexibility to branch out into new areas and develop new skills throughout your career.
  • Make the world a better place - Ethics are absolutely fundamental to your studies and the whole ACCA approach. Which means that when you go out into the world, you’ll be able to set and maintain the high standards the organisations you work with need to move into the future
  • Get support throughout your journey – you get access to world-class resources, forums, insight and advice all the while you’re studying and throughout your professional life.
  • Develop your skills – you’ll have opportunities to learn new skills and gain many other qualifications along the way – including a BSc and an MSc.

Accounting for a better world

Accounting for a better world is ACCA’s agenda for action uniting the accountancy profession for the public good. No single profession can solve all our world’s challenges alone.

But, the global nature of accountancy - and the central role of accountants working in and for organisations - means that the profession of an accountant is unique in its ability to drive change and help build a better world.

Purpose and values:

Our purpose and values reinforce everything ACCA stands for: who we are, how we do it, and why we exist in today's world.

Purpose

We’re a force for public good. We lead the global accountancy profession by creating opportunity.

Our purpose sets out the value we seek to create for society. The idea of opening up the profession, doing things differently and better, and never losing sight of our public interest remit are concepts that lie at the very heart of ACCA’s DNA.

Values

Inclusion

We create opportunity for all. We remove artificial barriers, create connections and embrace diversity.

Integrity

We're ethical, honest and accountable and encourage the same from others. We act in the public interest and focus on long-term value.

Innovation

We think ahead. We explore new ideas, creating solutions that ensure our community and the wider profession is ready for today and tomorrow.

The three values reflect the unique reasons why ACCA was created in the first place, and the difference they have brought to the global profession, and expresses them in a way that reflects our world today.

The ACCA Qualification

Ready to study for the ACCA Qualification?

Note:

(a) The course is available for learners from Mauritius and Rodrigues

(b) Conditions apply for International students

You can start your journey with ACCA if you have, based on UK qualifications:

Five secondary school qualifications (two A-Levels and three GCSEs or equivalent) – including English and Maths.

Accepted entry eligibility for Mauritius

Country/Region Qualification Status
Mauritius The International Baccalaureate Diploma Sufficient for Registration
Mauritius 2 passes at GCE A Level / Higher
School Certificate [grades A-E]
PLUS
3 passes at GCE O Level / School Certificate [grades A-C or 1-6]
(in 5 separate subjects including English and Maths)
Sufficient for Registration
Mauritius University of Local Examinations Syndicate – International Examinations
2 Principal/A Level subjects (grades A-E)
PLUS
3 O Level Subjects (grades A-C/9-4)
(in 5 separate subjects including English and Maths)
Sufficient for Registration
Mauritius 1 GCE / VCE A Level pass (grades A-E)
PLUS
2 GCE / VCE AS Level (Supplementary / Subsidiary) passes (grades A-E)
PLUS
3 GCSE / Vocational GCSE / GCE
O Level passes (grades 9-4 / A-C)
(in 6 separate subjects including English and Mathematics)
Sufficient for Registration
Mauritius Ordinary Technician Diploma Sufficient for Registration
Work experience: Three years
Number of exams: Up to 13, depending on exemptions
How long does it take? Three to four years on average
What else is involved? Ethics and Professional skills

Course structure

There are three stages of exams, plus an Ethics and Professional Skills module and a Professional Experience Requirement.

Exams

Applied Knowledge exams

An exceptional introduction to the world of finance and accounting, these exams provide students with a broad understanding of essential accounting techniques.

Exam aims

Business and Technology teaches students how businesses operate effectively, efficiently and ethically and will show the critical role finance professionals play in achieving this.

Students will understand business in the context of its environment, including economic, legal and regulatory influences on aspects like governance, employment, health and safety, data protection and security.

Exam learning highlights

Students will learn

  • the purpose and types of businesses, and their interactions with stakeholders and the external environment
  • the business organisation structure, functions and the role of corporate governance
  • the function of accountancy and audit
  • the principles of authority, leadership and team management
  • why personal effectiveness is the basis for effective team and organisational behaviour
  • why upholding professional ethics and professional values in business is important.

Exam aims

To teach management accounting techniques which help support businesses plan, control and monitor performance.

Students will learn different ways of managing finance within an organisation with the aim of enhancing business performance and as a result will understand:

  • how organisations finance their operations
  • how to plan and control cash flows
  • how to make the best use of working capital
  • the principles of making capital investment decisions.

Exam learning highlights

Students will learn:

  • the nature, source and purpose of management information
  • cost accounting techniques
  • budgets for planning and control
  • comparisons and analysis of variances
  • performance measurement and monitoring of business performance.

Exam aims

To teach the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements.

Exam learning highlights

Students will learn:

  • to demonstrate technical proficiency in the use of double-entry and accounting systems
  • how to record, process and report business transactions
  • to understand the context and purpose of financial reporting
  • apply the qualitative characteristics of financial information
  • how to prepare a trial balance (including identifying and correcting errors)
  • how to prepare basic financial statements for incorporated and unincorporated entities
  • how to prepare simple consolidated financial statements
  • how to interpret financial statements.

Applied Skills exams

Building on your existing knowledge and understanding, Applied Skills develops strong, broad and practical finance required of future strategic professional accountant in any sector or industry.

Note: The following learning applies to the Global (GLO) exam variant.

Students will be able to:

  • identify the essential elements of different legal systems including the main sources of law, the relationship between the different branches of a state’s constitution, and the need for international legal regulation, and explain the roles of international organisations in the promotion and regulation of international trade, and the role of international arbitration as an alternative to court adjudication
  • recognise and apply the appropriate legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods, and explain the various ways in which international business transactions can be funded
  • recognise different types of international business forms
  • distinguish between the alternative forms and constitutions of business organisations
  • recognise and compare types of capital and the financing of companies
  • describe and explain how companies are managed, administered and regulated
  • recognise the legal implications relating to insolvency law
  • demonstrate an understanding of corporate fraudulent and criminal behaviour

Exam aims

Students develop the knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control.

Exam learning highlights

Students will learn to:

  • explain and apply cost accounting techniques
  • select and appropriately apply decision-making techniques to facilitate business decisions, and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks
  • identify and apply appropriate budgeting techniques and methods for planning and control, and use standard costing systems to measure and control business performance and to identify remedial action
  • identify and discuss performance management information and measurement systems, and assess the performance of an organisation from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects.

Note: The following learning applies to the United Kingdom (UK) exam variant.

Students will be able to:

  • Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance
  • Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed
  • Explain and compute the chargeable gains arising on individuals
  • Explain and compute the inheritance tax liabilities of individuals
  • Explain and compute the corporation tax liabilities of individual companies and groups of companies
  • Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Exam aims

Students will develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

Exam learning highlights

Students will learn to:

  • discuss and apply conceptual and regulatory frameworks for financial reporting
  • account for transactions in accordance with international accounting standards
  • analyse and interpret financial statements
  • prepare and present financial statements for single entities and business combinations in accordance with international accounting standards.

Exam aims

Students will develop knowledge and understanding of the process involved in carrying out the assurance engagement and its application in the context of the professional regulatory framework.

Exam learning highlights

Students will learn to:

  • explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct, describing the scope and distinguishing between the functions of internal and external audit
  • demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
  • describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks and their potential consequences, making appropriate recommendations
  • identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs)
  • explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work and are reflected in different types of auditor’s report, written representations and the final review and report.

Exam aims

Students will develop the knowledge and skills expected of a finance manager, in relation to investment, financing and dividend policy decisions.

Exam learning highlights

Students will learn to:

  • discuss the role and purpose of the financial management function
  • assess and discuss the impact of the economic environment on financial management
  • discuss and apply working capital management techniques
  • carry out effective investment appraisal
  • identify and evaluate alternative sources of business finance
  • discuss and apply principles of business and asset valuations
  • explain and apply risk management techniques in business.

Strategic Professional

These exams provide students with the unique blend of skills, real-world focus and specialisation options which will super-charge careers and develop strategic, forward-thinking professional accountants. Strategic Professional exams are comprised of both Essentials and Options exams.

Essentials

Students will take both these exams which provide them with the skills they need to make an immediate impact with employers.

Exam aims

Using an innovative case study, students will demonstrate the right blend of technical, ethical and professional skills in the evaluation, synthesis and presentations of responses.

Exam learning highlights

Students will be able to:

  • apply excellent leadership and ethical skills to set the ‘tone from the top’ and promote a positive culture within the organisation, adopting a whole organisation perspective in managing performance and value creation.
  • evaluate the effectiveness of the governance and agency system of an organisation and recognise the responsibility of the board or other agents towards their stakeholders, including the organisation’s social responsibilities and the reporting implications.
  • evaluate the strategic position of the organisation against the external environment and the availability of internal resources, to identify feasible strategic options.
  • analyse the risk profile of the organisation and of any strategic options identified, within a culture of responsible risk management.
  • select and apply appropriate information technologies and data analytics, to analyse factors affecting the organisation’s value chain to identify strategic opportunities and implement strategic options within a framework of robust IT security controls.
  • evaluate management reporting and internal control and audit systems to ensure compliance and the achievement of organisation’s objectives and the safeguarding of organisational assets.
  • apply high level financial techniques from Applied Skills exams in the planning, implementation and evaluation of strategic options and actions.
  • enable success through innovative thinking, applying best in class strategies and disruptive technologies in the management of change; initiating, leading and organising projects, while effectively managing talent and other business resources.
  • apply a range of professional skills in addressing requirements within the Strategic Business Leader exam and in preparation for, or to support, current work experience.

Exam aims

Taking reporting to new levels, students will get the skills needed to confidently speak the language of business and explain reports to a wide variety of stakeholders.

Exam learning highlights

  • apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour
  • evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation
  • apply professional judgment in the reporting of the financial performance of a range of entities
  • prepare the financial statements of groups of entities
  • interpret and advise on the meaning of financial statements that include non-financial data including segmental, sustainability and integrated reports for different stakeholders
  • communicate the impact of changes in accounting regulation on financial reporting.

Options

These exams offer the unique opportunity to specialise in areas of greatest relevance to a chosen sector or career path.

Exam aims

Students will apply relevant knowledge, skills and exercise professional judgment as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation in private and public sectors.

Exam learning highlights

Students will be able to:

  • explain and evaluate the role and responsibility of the senior financial executive or advisor in meeting conflicting needs of stakeholders and recognise the role of international financial institutions in the financial management of multinationals
  • evaluate potential investment decisions and assessing their financial and strategic consequences, both domestically and internationally
  • assess and plan acquisitions and mergers as an alternative growth strategy
  • evaluate and advise on alternative corporate re-organisation strategies
  • apply and evaluate alternative advanced treasury and risk management techniques.

Exam aims

All organisations need to have their performance and strategic development evaluated regularly. In this exam, students will do this by using relevant knowledge and skills and exercising professional judgment to select and apply strategic management accounting techniques in different business contexts.

Exam learning highlights

Students will be able to:

  • use strategic planning and control models to plan and monitor organisational performance
  • assess and identify key external influences on organisational performance
  • identify and evaluate the design features of effective performance management information and monitoring systems
  • apply appropriate strategic performance measurement techniques in evaluating and improving organisational performance
  • advise clients and senior management on strategic business performance evaluation and on recognising vulnerability to corporate failure.

Note: The following learning applies to the United Kingdom (UK) exam variant.

Students will be able to:

  • Apply further knowledge and understanding of the UK tax system through the study of more advanced topics within the taxes studied previously and the study of stamp taxes
  • Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes
  • Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures
  • Communicate with clients, HM Revenue and Customs and other professionals in an appropriate manner.

Note: The following learning applies to the United Kingdom (UK) exam variant.

Students will be able to:

  • recognise the legal and regulatory environment and its impact on audit and assurance practice
  • demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework
  • assess and recommend appropriate quality control policies and procedures in practice management and recognise the auditor’s position in relation to the acceptance and retention of professional appointments
  • identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing (UK)
  • identify and formulate the work required to meet the objectives of non-audit assignments
  • evaluate findings and the results of work performed and draft suitable reports on assignments
  • understand the current issues and developments relating to the provision of audit-related and assurance services.

Practical experience

Exams are important. But part of what makes the ACCA Qualification so valuable is that it gives you real-world experience.

As well as completing exams and the ethics module, you need three years’ practical experience in a relevant role to qualify. Learn more about the Practical Experience Requirement.

Ethics and Professional Skills

The Ethics and Professional Skills module is designed to develop the complete range of skills that employers told us they need. By introducing students to the full spectrum of advanced ethical and professional skills and exposing them to realistic business situations, we’re doing everything we can to make our students shine with recruiters and be really credible in the workplace.

Students should complete the module ahead of taking the Strategic Professional exams. Find out more about the Ethics and Professional Skills Module.

ACCA Fees and Charges

Initial Registration £89

A one-time fee that students must pay when registering with ACCA

Re-registration £89

ACCA students who fail to pay fees when due will have their names removed from the ACCA register and must pay a re-registration fee (plus any unpaid fees) to be reinstated as a student.

Annual subscription 2024 £134

A one-time fee that students must pay when registering with ACCA

Exemption Fees

An annual subscription fee is due each year to keep your student status active.

Applied Knowledge exams £86

The fee is chargeable per exemption awarded.

Applied Skills Exams £114

The fee is chargeable per exemption awarded.

Applied Knowledge exams

Business and Technology (BT), Management Accounting (MA) and Financial Accounting (FA) exams may be available as remote on-demand exams and/or at your local Computer Based Exam (CBE) centre depending on your location.

Fees for exams taken at CBE centres are set by the centres themselves.

Applied Skills exams fees

March 2024 £142

The fee is chargeable per exam

Late entry fees are applicable

Ethics and Professional Skills Module £75

The fee is chargeable per exemption awarded.

Strategic Business Leader exam fees

March 2024 £252

Late entry fees are applicable

Strategic Business Reporting exam fees

March 2024 £185

Late entry fees are applicable

Strategic Professional (options)

Advanced Financial Management (AFM)

Advanced Performance Management (APM)

Advanced Taxation (ATX)

Advanced Audit and Assurance (AAA)

Options exam fees March 2024 £185

How long does it take to qualify?

This depends on what qualifications student have before they register with us. We're passionate about giving as many people as possible the opportunity to gain our world-renowned qualification - so you start at the level that's right for you.

Students with existing qualifications which match the skills and knowledge needed for the ACCA Qualification may be eligible to claim for exemptions for some of our exams

Students can check if they are eligible for any exemptions from our exams by visiting our exemptions pages.

The quickest way to become a member is to work and study at the same time. If you do, you could qualify in as little as three or four years.

Is there a time limit?

There’s no limit on how long students can spend on the Applied Knowledge and Applied Skills exams. Once students pass their first Strategic Professional exam, they have seven years to pass their remaining exams.

If you do not have the minimum requirements:

You can nevertheless start your journey with ACCA by joining the “Foundation in Accountancy” FIA.

We’re passionate about giving as many people as possible the opportunity to gain our world-renowned qualification. For those without any relevant existing qualifications, you’ll start your ACCA journey at our foundation level. This will give you the base you need to learn more – and you’ll get our ACCA Diploma in Accounting and Business (RQF Level 4) when you pass. Then you can start your journey to gaining the ACCA Qualification.

And because of what you’ll learn in your Diploma, you won’t have to take the Applied Knowledge exams – you’ll start at the Applied Skills exams.

ACCA Diploma in Financial and Management Accounting (RQF Level 2)

If you are at the very beginning of your financial education, this may be the qualification for you. It’s broadly matched to a GCSE-level qualification or equivalent, and comprises two essential courses:

FA1 Recording Financial Transactions

You’ll develop knowledge and understanding of the main types of business transactions and documentation and how these are recorded in an accounting system up to the trial balance stage.

MA1 Management Information

You’ll develop knowledge and understanding of providing basic management information in an organisation to support management in planning and decision-making.

ACCA Diploma in Financial and Management Accounting (RQF Level 3)

This qualification is broadly matched to an AS or A level or equivalent and comprises two courses:

FA2 Maintaining Financial Records

You’ll develop knowledge and understanding of the underlying principles and concepts relating to financial records and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.

MA2 Managing Costs and Finance

You’ll learn how to prepare, process and present basic cost information to support management in planning and decision-making in a variety of business contexts.

Exam structure

The new ACCA Foundation Diploma consists of seven exams and the Foundations in Professionalism online module:

  • FA1 – Recording Financial Transactions
  • MA1 – Management Information
  • FA2 – Maintaining Financial Records
  • MA2 – Managing Costs and Finance
  • FBT – Foundations in Business and Technology
  • FMA – Management Accounting
  • FFA – Financial Accounting

Exemption fees

An exemption fee is charged for each ACCA exam you are awarded exemption from. Please note that exemptions from papers FA1, FA2, MA1 and MA2 are free of charge.

ACCA Diploma in Accounting and Business (RQF Level 4) £134

Exams FAB, FMA and FFA. The fee is chargeable per exemption awarded.

Note:

  • All prices mentioned are subject to changes as per ACCA fees revisions or promotions.
  • It is important to note that the figures mentioned are indicative and should be utilized for preliminary planning purposes at the student's end. Indicative pricing serves as an estimate, offering a general idea of the potential costs associated with the educational program.
  • However, it is crucial for students to recognize that final costs may vary based on factors such as specific course selections, additional fees, and any applicable discounts. Therefore, students are advised to verify at all times on the official website of ACCA: www.accaglobal.com