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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).

ACCA Level 3 Strategic Professional Module

The Strategic Professional level helps you combine the practical skills, real-world experience, and specialised knowledge to help them become successful and innovative accountants.

If you hold an ACCA Applied Skills qualification, an ACCA-accredited degree or a UK Bachelor’s or equivalent then you can start with the ACCA Strategic Professional module. It's advisable to check your eligibility and apply for any exemptions on the ACCA website before beginning your application.

ACCA suggests that students prepare for the Strategic Professional exams by first completing the Ethics and Professional Skills module. Research shows that this approach can increase your chances of success.

At Khpalwaak, we will equip you with valuable practical accountancy skills by enhancing your understanding of key financial, business, and management accounting techniques. You will learn fundamental business and management principles, along with the essential skills needed for an accountant working in a business environment.

Syllabus

This Level 3 ACCA qualification consists of the following two mandatory/essentials and two out of four optional units:

1. Strategic Business Reporting (SBR) - Essential

Having knowledge of Financial Reporting from the Applied Skills module, students will learn how to communicate financial information clearly and effectively to different audiences, including investors, managers, and customers. By the end of this unit, you will understand how to:

  • Use ethical guidelines to make decisions in difficult situations and understand the negative consequences of unethical behaviour
  • Assess the effectiveness of accounting rules and discuss the need for changes
  • Make informed decisions about how to report a company's financial performance
  • Create financial reports for groups of companies
  • Understand and explain financial reports, including those that include information about sustainability and social responsibility
  • Explain how changes in accounting rules affect financial reporting

2. Strategic Business Leader (SBL) - Essential

Students will apply their technical knowledge, ethical understanding, and professional skills to analyse a real-world case study and present their findings effectively. By the end of this unit, you will understand how to:

  • Set a positive example for others by demonstrating strong leadership and ethical behaviour
  • Create a positive company culture and focus on achieving organisational goals
  • Assess how well a company is managed and understand the responsibilities of its leaders to stakeholders
  • Evaluate a company's strengths, weaknesses, opportunities, and threats to identify potential strategies
  • Identify and address risks associated with a company's strategy
  • Leverage technology and data analysis to improve efficiency and identify new opportunities
  • Ensure that a company's reporting, internal controls, and audits are effective
  • Use advanced financial skills to plan, implement, and evaluate strategies
  • Drive innovation, lead change, and manage resources effectively
  • Apply a variety of skills to succeed in the Strategic Business Leader exam and in their careers

3. Advanced Taxation (ATX) - Optional

Having knowledge of Taxation from the Applied Skills module, students attempting this unit will know by now that this exam is based on their national tax. If the national tax option is not available, it is recommended that students choose the UK variant. By the end of this unit, you will understand how to: (below are the learning outcomes for UK variant)

  • Study more complex aspects of UK taxes and learn about stamp taxes
  • Understand how different taxes affect various situations and actions, including how taxes interact with each other
  • Help clients minimise or delay their tax payments using common tax planning strategies
  • Interact professionally with clients, the tax authority, and other professionals

4. Advanced Audit and Assurance (AAA) - Optional

Having knowledge of Audit and Assurance from the Applied Skills module, students will learn how to enhance those skills and knowledge to the next level. Here, like ATX, students have a choice to take either the International or the UK variant. By the end of this unit, you will understand: (below are the learning outcomes for UK variant)

  • Dive deeper into complex tax topics
  • Analyse how different taxes affect various scenarios and offer tailored strategies to save on taxes
  • Interact effectively with clients, the tax authority, and other professionals, building strong relationships and demonstrating expertise
  • Keep abreast of the latest tax laws and regulations to provide accurate and timely advice
  • Ensure compliance with tax laws and regulations
  • Stay flexible and adaptable to changes while continuously improving tax knowledge and skills

5. Advanced Financial Management (AFM) - Optional

Having knowledge of Financial Management from the Applied Skills module, students are expected to have the skills and knowledge expected of a supervisor/senior in the field. Advices and recommendations about a company's financial management, including how to invest, borrow, and distribute funds in the smartest way possible. By the end of this unit, you will understand:

  • Understand the challenges of balancing the needs of different stakeholders and the role of international financial organisations in managing multinational finances
  • Assess financial and strategic implications
  • Evaluate potential benefits and drawbacks
  • Assess and recommend strategies
  • Apply and evaluate advanced techniques

6. Advanced Performance Management (APM)

You will learn in this unit about the use of financial information to make better business decisions, plan for the future, and evaluate how well a company is doing. By the end of this unit, you will learn to:

  • Use strategic planning and control models to guide and track organisational progress
  • Identify key external influences that impact organisational performance
  • Create performance management systems that provide valuable insights
  • Apply strategic performance measurement techniques to assess and enhance organisational performance
  • Offer guidance to clients and senior management on strategic performance evaluation and risk management

Why study at Khpalwaak?

Over the past couple of years, We have trained many bookkeepers and accountants. We are committed to ensuring your success in achieving the ACCA Level 3 Strategic Professional qualification at Khpalwaak.

The ACCA Level 3 Strategic Professional qualification is a full ACCA qualification. You become an ACCA member once the Ethics and Professional Skills Module and Practical Experience are completed as well. Our team of accountants and tutors will provide expert guidance throughout your qualification journey to help you pursue your set goals in the most desirable manner possible.

With a track record of over 74% ACCA success rates, we are dedicated to delivering high-quality education in accounting, finance, and taxation. We offer:

  • Preparation for ACCA exams and assessments
  • Expert support through classroom-based and online learning platforms
  • An e-portfolio solution for managing your bookings, both in our office and online
  • Free e-portfolio access for tracking your progress and integrating ACCA academic modules
  • Availability of weekend and evening classes
  • Support for interview and CV preparation, along with job-hunting techniques

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.

Future Scope

The ACCA Level 3 Strategic Professional thoroughly prepares you for various bookkeeping and accounting roles, opening up numerous job opportunities across different sectors. Upon completion, you’ll be well-equipped to apply for positions such as:

  • Senior Accountant
  • Practice Manager
  • Auditor
  • Finance Manager/Director
  • Internal Auditor
  • Business Development Advisor
  • Transaction Services Associate
  • University Lecturer/Senior Lecturer/Professor
  • Tax Specialist
  • Tax Advisory
  • Strategy Manager/Consultant
  • Chief Executive Officer (CEO)
  • Chief Financial Officer (CFO)

Salary varies based on location, industry, and the length and nature of your experience. As a result, earnings can range from £38,000 to £150,000+ per year.

Successfully completing all the ACCA Strategic Professional exams will earn students a UK Master’s university degree program and students can obtain a university degree subject to universities’ internal policies and recognition for ACCA awards.

Here is the guide to help you further with ACCA Qualification Recognition Status via this link below (ACCA Qualification: recognition status) .

Assessments

This qualification is completed through two mandatory and two out of four optional 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.

Completion Time

The duration for this course is dependent on the specific subjects selected by an individual. Apparently, 4 to 6 months are needed per subject including your revision and mock exams and exams break.

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