Association of Chartered Certified Accountants (ACCA)

http://www.accaglobal.com/

General Information:

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. They aim to offer business-relevant qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values which will deliver finance professionals who are capable of building successful careers across all sectors, whether they are working in the public or private sectors, practising in accounting firms, or pursuing a career in business.

Description of the Test:

There are various exams that students can take. There are 14 papers in total.

FUNDAMENTALS (nine papers in total)
Knowledge

    F1 Accountant in Business (AB)
    F2 Management Accounting (MA)
    F3 Financial Accounting (FA)

Skills

    F4 Corporate and Business Law (CL)
    F5 Performance Management (PM)
    F6 Taxation (TX)
    F7 Financial Reporting (FR)
    F8 Audit and Assurance (AA)
    F9 Financial Management (FM)

PROFESSIONAL (five papers in total)
Essentials

    P1 Professional Accountant (PA)
    P2 Corporate Reporting (CR)
    P3 Business Analysis (BA)

Options (two to be completed)

    P4 Advanced Financial Management (AFM)
    P5 Advanced Performance Management (APM)
    P6 Advanced Taxation (ATX)
    P7 Advanced Audit and Assurance (AAA)