Association of Chartered Certified Accountants (ACCA)
The Association of Chartered Certified Accountants (ACCA) is the largest and fastest growing global professional accountancy body in the world with 188,000 members and 480,000 students in 178 countries.
The ACCA qualification will provide you with skills and knowledge relevant to any business which means you are free to choose which type of accountancy role and organization you want to work for.
Qualify as an ACCA member
To become an ACCA member, you will need to complete:
- Exams – 14 exams (9 are eligible for exemption*)
- Experience – record 36 months’ experience in a relevant role
- Ethics – the Professional Ethics module
You must be 18 or over and have at least one of the below:
- Lyceum Apolyterion 17/20 (85%)
- Lyceum Apolyterion 16/20 and LCCI third level Accounting
- A minimum of 3 GCSE’s and 2 A levels, in 5 separate subjects including Maths and English. (The GCSE’s must be achieved with grade C or above)
- University degree or Diploma
- FIA –Diploma in Accounting and Business (this is another ACCA qualification)
Even if you do not meet any of the above criteria you can still have the chance to register via the Foundations In Accounting route (FIA).
Registration can be made at any time throughout the year. The quickest and easiest way is to apply online. Be sure to read through the instructions before you start the process. ACCA and the Institute of Certified Public Accountants of Cyprus (ICPAC) have an agreement whereby students registering for ACCA are simultaneously registered on ICPAC’s register as well through the Joint Examination Scheme process. Contact us to help you with your registration!
Registration fees £ 79
Annual subscription £ 95
There are 4 exam sessions per year- in March, June, September and December.
Exam fees-standard entry
Knowledge exams £ 76
Skills exams £ 102
Professional exams £ 128
The ACCA exams are divided into two levels; Fundamentals and Professional
The Fundamentals level is divided into two modules, Knowledge and Skills.
|Fundamentals (nine papers in total)|
|F1||Accountant in Business|
|F4||Corporate and Business Law (CY)|
|F8||Audit and Assurance|
|Professional (five papers in total)|
|P1||Governance, Risk and Ethics|
|Options (two to be completed)|
|P4||Advanced Financial Management|
|P5||Advanced Performance Management|
|P6||Advanced Taxation (CY)|
|P7||Advanced Audit and Assurance|
*you can claim exemptions from a maximum of nine papers if you have a recognised and relevant finance or accounting degree from an ACCA accredited university. You will need to provide proof of your previous qualifications so you can claim the exemptions.
Knowledge exams £ 72
Skills exams £ 97
How long does it take to qualify?
This depends on how many exemptions you can claim. If you work and study at the same time you can qualify in as little as three to four years.
Is there a time limit?
No time limit for the Fundamentals level. However, once you pass your first Professional level exam, you have seven years to pass the rest of the papers.