Why ACCA The Association of Chartered Certified Accountants?

The ACCA qualification is perfect for those aiming to advance their career and become a chartered certified accountant or work within accountancy, audit, or tax firms. It opens up windows for becoming CEO, CFO, Finance head, and multiple key positions in the industry where ACCA members are highly appreciated by employers all around the globe.

The ACCA program is divided into three levels: Applied Knowledge, Applied Skills, and Strategic Professional, and to qualify, you must also complete relevant work experience. Typically, it takes about four to five years to achieve ACCA qualification.

You can start ACCA with as little as two A Levels and three GCSEs in five distinct subjects, including English and Maths. Another route for you to start ACCA is by having an ACCA Foundation (previously known as Foundation in Accountancy as FIA).

Syllabus

This Level 1 ACCA qualification consists of the following three mandatory units:

1. Business and Technology (BT)

This unit will teach you the fundamental principles of how businesses function effectively, efficiently, and ethically, highlighting the crucial role finance professionals play in this process. You will gain insight into how businesses operate within their environment, taking into account economic, legal, and regulatory factors affecting governance, employment, health and safety, data protection, and security. By the end of this unit, you will understand how to:

• The purpose and various types of businesses, along with their interactions with stakeholders and the external environment
• The structure and functions of business organisations, and the importance of corporate governance
• The roles of accountancy and audit
• The principles of authority, leadership, and team management
• The significance of personal effectiveness as the foundation for effective team dynamics and organisational behaviour
• The importance of maintaining professional ethics and values in business

2. Financial Accounting (FA)

Building on the knowledge and skills, this unit will equip you with the fundamental principles and concepts of financial accounting, including accounting techniques and the preparation of basic financial statements. By the end of this unit, you will be proficient in:

• Recording, processing, and reporting business transactions
• Understanding the context and purpose of financial reporting
• Applying the qualitative characteristics of financial information
• Preparing a trial balance, including identifying and correcting errors
• Creating basic financial statements for both incorporated and unincorporated entities
• Preparing simple consolidated financial statements
• Interpreting financial statements

3. Management Accounting (MA)

This unit will teach you how to support businesses in planning, controlling, and monitoring their performance. You will explore various methods of managing finance within an organisation to improve business performance. They will gain an understanding of: how organisations finance their operations, how to plan and control cash flows, how to optimise working capital, and the principles of making capital investment decisions. By the end of this unit, you will have learned:

• The nature, sources, and objectives of management information
• Cost accounting techniques
• Budgets for planning and control
• Analysis and comparison of variances
• Performance measurement and monitoring of business performance

Remote learning delivery options

Khpalwaak's distance learning delivery is perfect if you prefer independent study at your own pace, allowing you to work towards your qualification on a timeline that suits you. This flexible approach fits seamlessly into your daily life.

We will provide you with study materials, assignments, and practice resources aligned with ACCA requirements. Our dedicated tutors and support staff will assist you throughout your distance learning experience via our online student portal.

Assessments

This qualification is completed through three mandatory unit assessments, with 100% of the qualification assessed by externally marked exams. All assessments for this qualification are:

• Computer-based
• Set and marked by the AAT
• Time-limited
• Conducted under controlled conditions
• Scheduled by training providers or assessment venues

Assessment Schedule

You can book your assessments when you're ready. You can sit for the assessments once you have completed the course, as they are available at specific times throughout the year.

Grading/Certification

ACCA will award Certificates based on the level of completion across your qualification, rather than on individual units.

The types of Certificates awarded by ACCA upon completion of certain exams are available in the link below (Types of certificates | ACCA Qualification | Students). It is advisable to read these Certifications along with the ACCA Qualification Recognition Status above for better understanding.

Results

You will receive your results immediately, which can be accessed through your ACCA portal under the "See Your Progress" section.

Resits

You should only take an assessment when you are fully prepared to pass. There are no restrictions on the number of resits you can take, giving you the flexibility to retake assessments if needed. If you do not pass an assessment, you will have the opportunity to discuss your results with your tutor and prepare for a retake accordingly.