Enhance your career with a prestigious qualification.

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January 16, 2018
6 months



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


Entry requirements
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!

Cyprus fees 

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

Course subjects

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
F2 Management Accounting
F3 Financial Accounting
F4 Corporate and Business Law (CY)
F5 Performance Management
F6 Taxation (CY)
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management
Professional (five papers in total)
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 (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.

Exemption fees 

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.


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Our Institute

Pantelis Stylianides Institute of Accountancy (Ps) is a long established private provider of professional accountancy courses in Cyprus. Our mission is to prepare and tutor the Accounting experts of tomorrow.


Telephone: +357 22 315023, +357 22 871287 / Fax: +357 22 315516
Address: 20 Piraeus Street, Strovolos, 2023 Nicosia, Cyprus