ACCA Fundamental

The ACCA consists of a Fundamental and a Professional Level. Each level is further divided into two modules. In total there are 16 papers, of which students must pass 14, unless they have exemptions from any papers. Exams take place in June and December each year.

Transferring from CAT to ACCA

The ACCA Qualification is your passport to reaching the highest levels in any organisation – and as a CAT graduate you have the knowledge, skills and practical experience to get off to a flying start.

You will be automatically transferred to the ACCA Qualification register when you have successfully completed your CAT exams, unless you chose not to select this option when you originally registered as a CAT student. You will be awarded exemption from the Knowledge module of the Fundamentals Level (F1, F2 and F3) and will not be charged an additional registration fee or exemption fees.

You can still opt in for automatic transfer to the ACCA Qualification providing that you put your request in writing to ACCA Connect before sitting your final CAT exams. If you did not opt for an automatic transfer to the ACCA Qualification and wish to continue with the ACCA Qualification exams, you will need to submit an ACCA Qualification registration form and pay the relevant registration fee.

Once transferred to the ACCA Qualification register, you will be subject to the Bye Laws, rules and regulations applicable to ACCA Qualification students, details of which will be sent to you on transfer.

Passing the remaining ACCA Qualification exams and gaining three year’s relevant experience will lead to ACCA membership. The experience you have already demonstrated to become a Certified Accounting Technician will count towards the work experience you need for ACCA membership.

Exams

The ACCA exams are divided into two levels; Fundamentals and Professional.

The Fundamentals level is divided into two modules Knowledge and Skills.

The Knowledge module introduces you to the main areas of financial and management accounting. You will study the other technical accountancy areas after you study this. There are six subjects in the Skills module which cover the main technical areas that accountants are expected to know.

Knowledge   F1 Accountant in Business F2 Management Accounting F3 Financial Accounting Skills F4Corporate and Business LawF5Performance ManagementF6TaxationF7Financial ReportingF8Audit and AssuranceF9Financial Management

The Professional level is divided into two modules; Essentials and Options. Both of the modules at Professional level have been set at the same ability level as a Masters degree.

This level builds on the technical knowledge you will already have. It will also explore more advanced professional skills, techniques and values. These are required at a senior level by accountants working in an advisory or consultancy role.

All students have to pass the three papers in the Essentials module.