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Association of Chartered Certified Accountants

Association of Chartered Certified Accountants

The global professional accounting organization that grants the Chartered Certified Accountant qualification (ACCA) was established in 1904 and is called the Association of Chartered Certified Accountants (ACCA). It currently has 240,952 members globally, with 541,930 more to join.

The Applied Knowledge level consists of 3 examinations:

  • BT - Business and Technology
  • MA - Management Accounting
  • FA - Financial Accounting

The Applied Skills level consists of 6 examinations:

  • LW - Corporate and Business Law
  • PM - Performance Management
  • TX - Taxation
  • FR - Financial Reporting
  • AA - Audit and Assurance
  • FM - Financial Management

The Strategic Professional level involves 4 examinations: 2 from Essential and any 2 from Options.

Essential (or Compulsory):

  • SBL - Strategic Business Leader
  • SBR - Strategic Business Reporting

Options:

  • AFM - Advanced Financial Management
  • APM - Advanced Performance Management
  • ATX - Advanced Taxation
  • AAA - Advanced Audit and Assurance

Aspects of chartered accounting, including accounting, financial reporting, auditing, taxation, business finance, and financial management, are covered in the ACCA course. The ACCA Syllabus consists of 13 exams in all that a candidate needs to take. Three levels comprise the thirteen exams: Knowledge, Skill, and Professional.