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The ACCA full Professional qualification is regarded as the equivalent of a UK master's degree by the UK NARIC and Department for Education. Subjects include: Financial accounting, Management accounting, Financial reporting, Taxation, Company law, Audit and assurance and Financial management.
ACCA was a sponsor of the AAT before breaking its links in the mid-1990s in order to form the CAT qualification. [1] The rationale behind this move was that it wanted a technician level qualification which followed the same strategic direction of the ACCA qualification, i.e. one with an international profile.
The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term accountant does not have legal ...
OpenTuition.com is an online learning site, providing free online training in accountancy and financial services. Founded by John Moffat in 2008, it is based in Riga , Latvia. OpenTuition has over 500,000 registered students both in the UK and overseas [ 1 ] who are studying for the professional accountancy qualifications: ACCA , [ 2 ] CIMA [ 3 ...
It is designed as a best-practice guide to management accounting, allowing organisations to benchmark their finance function and unlock the full contribution that management accountancy can make. The specification is based on the Global Management Accounting Principles, created in 2014 by CIMA and the American Institute of Certified Public ...
Many job advertisements for accountants in the United Kingdom therefore specify 'CCAB qualified' as though it was a specific qualification rather than a group of qualifications. In practice some employers use the term as shorthand for 'professional accountant' and might consider members of non-Chartered bodies or overseas equivalents.
The size of the qualification may be indicated by it being called an "Award" (less than 120 hours total qualification time/1–12 credits), "Certificate" (121 to 369 hours/13–36 credits) or "Diploma" (370 or more hours/37+ credits). [9] [10] In general usage, qualifications are often compared to the best-known qualification at that level.
Financial Reporting Standards Council (FRSC) [9] [10] Saudi Arabia. Saudi Organization for Certified Public Accountants (SOCPA) [11] South Africa. South African Institute of Chartered Accountants (SAICA) South African Institute of Professional Accountants (SAIPA) Chartered Institute for Business Accountants (CIBA) United Kingdom and Ireland
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