Association of Chartered Certified Accountants
The Association of Chartered Certified Accountants ( ACCA ) is a UK based accounting association that awards the ACCA title. The association is one of the largest in the world in the field of accounting and has 131,500 members and 362,000 so-called " affiliates and students " ( members and students) in 170 countries. The headquarters of the organization is located in London, whereas the essential management sits in Glasgow in Scotland. In addition, the ACCA has a global network of nearly 80 offices.
- 2.1 ACCA affiliate versus full member
Qualifications
The ACCA offers the following qualifications:
Chartered Certified Accountant ( ACCA ) - Professional Scheme
The Professional Scheme is the major offered by the ACCA qualification that may be acquired if the candidate has successfully passed 14 tests and can demonstrate three years of relevant professional experience in accounting, auditing or finance. It is possible not to have to take some of the exam due to university inputs ( so-called " exemptions " ), which are generally not more than four such " exemptions " granted. In the tests, the following topics will be queried for content: accounting, controlling, taxation, business law, finance and auditing. For the tests in accounting between UK and international Rechungslegungsvorschriften (UK GAAP or IFRS) may be selected. For the tests in the area of taxes can be made between the tax laws of different countries, with the tax rules of the German-speaking countries are in this case not been selected.
The title of the tests are to:
- Module " Knowledge "
- Module 'Skills'
- Module " Essentials"
- Module "Options" ( which must be completed 2 of 4)
Find The three-hour exams each year worldwide in June and December, in which at each semi-annual round up to four exams can be taken. In Germany the exams in 2010 in Frankfurt am Main, Hamburg and Cologne are offered in Austria in Vienna and in Switzerland in Bern and Geneva. In Luxembourg, the exams can be taken.
The exams are challenging and are usually less than 50 % of the candidates passed. The following table shows the success rate in percent ("pass rate" ) of the test rounds from December 2007 to December 2012:
Certified Accounting Technician ( CAT)
This is an introductory accountancy qualification. This is often seen as an introduction before the Professional Scheme is completed.
Other qualifications
The ACCA offers other qualifications:
- MBA ( for ACCA full members, supported by Oxford Brookes University)
- BSc ( Hons) in Applied Accounting, supported by Oxford Brookes University
- MSc in Financial Management, supported by the Heriot Watt University
- Diploma in Financial Management ( DipFM ).
- Diploma in International Financial Reporting ( DipIFR )
- Diploma in Financial Management
- Certificate in International Auditing ( Certia )
- Certificate in International Financial Reporting ( CertIFR )
Membership
ACCA affiliate versus full member
First, register as an interested "student members" to go through the Professional Scheme qualification. This consists of the tests.
Are all necessary tests successfully completed, "student members" automatically " affiliate ".
To become a full member as " ACCA affiliate ", then they must prove that they have completed three years of work experience in finance, auditing or accounting and have achieved a certain level of competence, the so-called " practice experience requirements". In addition, an ethics module is to be completed, which can be done online and in the "home study".