What exams do I have to take to complete Foundations in Accountancy?

The Foundation-level qualifications, collectively referred to as Foundations in Accountancy, are detailed below:

Introductory Certificate in Financial and Management Accounting

FA1 – Recording Financial Transactions

MA1 – Management Information

Intermediate Certificate in Financial and Management Accounting

FA2 – Maintaining Financial Records

MA2 – Managing Costs and Finance

Diploma in Accounting and Business

FAB – Accountant in Business

FMA – Management Accounting

FFA – Financial Accounting

Foundation Diploma (only available in Pakistan and Bangladesh)

FA1 – Recording Financial Transactions

MA1 – Management Information

FA2 – Maintaining Financial Records

MA2 – Managing Costs and Finance

FAB – Accountant in Business

FMA – Management Accounting

FFA – Financial Accounting

Certified Accounting Technician

To achieve this award you need to complete all of the above exams and two of the following exams:

FTX – Foundations in Taxation

FFM – Foundations in Financial Management

FAU – Foundations in Audit

To gain any of the above awards, and receive a certificate you are required to complete the Foundations in Professionalism Module. This will give you exposure to a range of ethical perspectives and includes several self-tests which require you to reflect on your own ethical behaviour and values.

To help demonstrate to potential employers that you can apply your knowledge in the workplace and have practical skills, you are required to complete one year’s relevant work experience. You can gain your practical experience before, during or after you complete your exams

Exemptions can be awarded from Foundation in Accountancy exams based on qualifications held and work experience achieved (this relates to the CAT Qualification only).

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What exams do I have to take to complete the ACCA Qualification?

In order to complete the ACCA Qualification and qualify as an ACCA member, you will need to complete:

• 14 exams (exemptions are awarded based on qualifications held)
• 3 years practical work experience
• the Professional Ethics module

The exams are detailed below:

Fundamentals Papers

Knowledge Module

F1 – Accountant in Business

F2 – Management Accounting

F3 – Financial Accounting

Skills Module

F4 – Corporate and Business Law

F5 – Performance Management

F6 – Taxation

F7 – Financial Reporting

F8 – Audit and Assurance

F9 – Financial Management

Professional Module

P1 – Governance, Risk and Ethics

P2 – Corporate Reporting

P3 – Business Analysis

Options (two to be completed)

P4 – Advanced Financial Management

P5 – Advanced Performance Management

P6 – Advanced Taxation

P7 – Advanced Audit and Assurance

To help demonstrate to potential employers that you can apply your knowledge in the workplace and have practical skills, you are required to complete three years relevant work experience. You can gain your practical experience before, during or after you complete your exams

As part of your ethical development, you are required to complete the Professional Ethics Module. This will give you exposure to a range of ethical perspectives and includes several self-tests which require you to reflect on your own ethical behaviour and values. The module becomes available to you online when you become eligible to take Paper P1.

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What fees are payable?

Please refer to the apply now section in the Related Links at the top left of the page for full details of current fees.

If you complete your registration before 8 May (the late exam entry date for the June exam session), you will be required to pay an initial registration fee and the annual subscription fee for that year.  This is because you are able to sit paper-based exams at both the June and December exam sessions.  You will be invoiced for the annual subscription fee in May and you are required to pay this within 60 days.

ACCA has a tiered pricing approach to exam entry. This means that the earlier you enter for your exams, the less you pay. For more information on exam entry fees, visit the apply now page in the Related Links.

If you are awarded any exemptions, these will be charged at the early exam entry rate.

Please note, exemptions for the ACCA Qualification are available for the first nine papers (F1 – F9) only.

Tuition

If you wish to take tuition at a University or College, these fees will be separate and paid directly to the tuition provider. A list of approved ACCA tuition providers can be found here.

Alternatively you may wish to study yourself for the exams, and more information about this route can be found in the Related Links.

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How long does it take to register as a student?

The online application should take no more than 10 minutes to complete, providing you have all the documents you need ready before you start.  You can also save a part-complete application and return to it a later date.

If you complete your application fully online, and we receive all the information and documents we require, you should be registered as a student within 5–7 working days.

If you have to send documents or payment to us by post, you should be registered as a student within 10 working days.  Please note this timescale is from receipt of the documents.

We aim to process all applications within the timescales stated above following receipt of the application.  You will then be sent a communication via email or letter confirming your application has been processed.   Should we require further information to support your application we will contact you.

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What documents do I need to register as a student?

You are required to submit copies of the following:

• Official educational documents e.g. completion certificates and transcripts detailing the modules studied
• Proof of identity (copy of birth certificate / passport / National ID Card or driver's licence)
• Passport-style photograph

Please note that where documents have been issued in a language other than English, we require a photocopy of the original language documents and a copy of an official English translation.

You will be able to upload and attach copies of all documentation to your online application. Please note that in order to fully complete your application online you will be required to pay your registration fee by credit or debit card.

If you are ready to apply please click apply now on the Related Links at the top left of the page and begin your application.

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What are the entry requirements for Foundations in Accountancy?

There are no minimum entry requirements - you can start at any level. However, we strongly recommend you start at the Introductory Certificate if you have no formal qualifications, especially if it has been a while since you completed any studies.

This is because students who start at the Introductory Certificate and work their way through the Foundation level-qualifications perform better in the higher level exams.

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What are the entry requirements for the ACCA Qualification?

The minimum entry requirements for the ACCA Qualification are:
Two A-Levels and three GCSEs (or their equivalent)
*These need to be in five separate subjects including English and maths.
To check if your qualifications meet our minimum entry requirements, please read the minimum entry criteria document on the exemptions enquiry database.  To visit the database, please see the Related Links at the top left of the page.

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HOW DO I APPLY TO BE AN ACCA STUDENT?

You can register online to become an ACCA student at any time of the year.

Applying online allows you to upload all your supporting documents. This means your ACCA application will be processed much quicker and you will know at which level you can start your studies shortly after submitting your application.

When you are making an application fully online (including uploading documents and paying online by credit or debit card) you can also make an exam entry during the application process.  Your exam entry is provisional at this stage and is subject to change based on the outcome of an exemption assessment.

If you are ready to apply please click apply now in the Related Links at the top left of the page and begin your application.

To avoid delays in the application process please include all supporting documents at time of registration.

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