ACCA (Association of Chartered Certified Accounts)
Programme
ACCA is one of the famous and leading professional accountancy organisations in the world. The main objective of ACCA is to provide an apt qualification to be qualified as an accountant. It is also considered as a centre of Academic excellence. Since ACCA is related to the needs of the accountants in the business world, it enables students to become a Certified Public Accountant or Chartered Accountant in most countries. ACCA may also be considered as the equivalent standard to a Master degree.
Course Structure and Content for full-time courses
The ACCA is for three years of study and is divided into three parts. In average, it may take four to five years to complete the whole range of courses.
1. First Year (Part One)
1.1 Preparing Financial Statements
1.2 Financial Information for Management
1.3 Managing People
Duration: 6 months - 1 year
Entry Requirements: High School, Ten plus two or equal
2. Second Year (Part two)
2.1 Information Systems
2.2 Corporate and Business Law
2.3 Business Taxation
2.4 Financial Management and control
2.5 Financial Reporting
2.6 Audit & Internal Review
Duration: 1 year
Entry Requirements: ACCA Part 1 qualified or equivalent
3. Third Year (Part three)
(Any two of the following)
3.1 Audit and Assurance services
3.2 Advance Taxation
3.3 Performance Management
3.4 Business Information Management Core papers
(And three core subject)
3.5 Strategic Business Planning and Development
3.6 Advance Corporate Reporting
3.7 Strategic Financial Management
Duration: 1 year
Entry Requirements: ACCA part 2 qualified, university degree or equalivent
Diploma and foundation in Accountancy
1. The Chartered Institute of Management Accountants (CIMA)
2. The Chartered Association of Certified Accountants (ACCA)
3. The Chartered Institute of Bankers (CIB)
4. The Chartered Association of Accounting Technicians (CAT)
You can start with ABE courses, which give entry to or exemptions from their examinations.
| Qualification |
Entry Requirement |
Exemptions Given |
| CIMA |
ABE Certificate * |
CIMA Papers |
By taking |
| Nos. 1,2,3,4 |
ABE Diploma |
| Nos. 1,2,3,4,5,6 |
ICSA |
| ACCA |
ABE Certificate * |
ACCA Papers |
By taking |
| Nos. 1,2,3,4,5 |
ICSA |
| Nos. 1,3,4 |
ABE Diploma |
| CIB |
ABE Diploma |
CIB Stage 1 |
By taking |
| (Certificate Stage) |
BA in Business Std. or ABE Adv. Diploma |
| CATALYSTS |
ABE Certificate |
CAT All papers |
By taking |
| (Parts A, B, C) |
ABE Adv. Diploma |
* or other ABE entry requirements, see below
More flexible entry requirements
To qualify to start ACCA, for example, students must normally have 2 'A' Levels and 3 GCSEs which could take two years to obtain. In only three months students could obtain the ABE Certificate which would qualify them for entry and provide a sound foundation for the 1st level ACCA subjects.
More flexible examination structure
Some professional qualifications will require all subjects at each stage to be passed at the same sitting and so a fail in one stage means a fail in the whole stage. In both the ABE and ICSA the failed exams have to be retaken.
A saving of time and cost
Given the more flexible entry requirements and examination regulations it is likely that qualifying for and obtaining exemptions from the other qualifications by ABE courses might actually take less time and save money both in tuition fees and living expenses.
Obtain two qualifications, not one
By taking ABE courses students can therefore obtain two internationally recognised qualifications, ABE and from the following
CAT (Certified Accounting Technician) (Level A and B) (Three Terms)
CAT (Level C)
ACCA (Association of Chartered Certified Accountants) (part 1, (2), (3) (Three Terms)
ACCA (part 2)
ACCA (part 3)
*LCCI *Cost Accounting 2,3,4
*Financial Accounting and Auditing
CAT
Accountants are becoming increasingly aware of the dire need for support staff in the areas of finance and management. To support these backup needs, the Association of Chartered Certified Accountants launched a worldwide technician-level qualification: CAT (Certified Accounting Technicians), is a vocational qualification based on national standards of competence, and allows the students to support the work of professional accountants.
This qualification was introduced by the ACCA in the late 1990's as a strategic move to bridge the qualification gap. Thus enabling those students who have the potential to become qualified accountants, but lacking the minimum entry qualification requirements. Similar to the ACCA qualifications, the standards of the examinations and the syllabuses are based on international accounting standards. Those who qualify have access to greater opportunities, which include ability to secure employment in accounting and related fields at the lower and middle management levels. They can then proceed to the ACCA qualifications with exemption from Part 1. Other opportunities are also available to continue your career by applying to university courses in Accountancy, Finance and related fields at graduate or post-graduate levels.
With this qualification and relevant working experience, graduates will be able to use the CAT designation after their name and be recognised to offer competent accounting support to business managing in all aspects of the financial world in both private and public sectors.
Who is this course designed for?
The CAT course is designed for individuals without an accounting background who wish to pursue a professional career in the accounting and finance world. These people can progressively acquire the key competencies required before advancing to higher levels of accounting.
The minimum age requirement is 16 years and above with no academic qualifications or no prior knowledge of accounting.
Exam Regulations
You can take a minimum of one paper and a maximum of four, from two consecutive levels in the order specified, except for the optional papers C3-C6 which may be taken in any order. All examination passes will be retained and you can choose to change your optional papers if you wish.
Exemptions
If you have no qualifications, you will be expected to complete all three levels of the Technician Examinations. Other qualifications will receive exemptions from some, or all papers. But even with exemptions, you have to satisfy the necessary training requirement to complete the Technician qualification as a whole.
Registration as a Student Member
All students intending to register with the CAT must register as a CAT student member first which can take place anytime. However, the following deadlines apply if you wish to take part in specific paper-based examination sessions (except for Level A Computer-Based Exam):
Career Opportunities
On completion of the ACCA Accounting Technician qualification, graduates will be able to call themselves a Certified Accounting Technician and use the designation CAT after their name. Completion of the Technician examinations will also offer automatic transfer to the ACCA professional examinations, allowing graduates to claim exemption from Part-1 of the ACCA Professional Exams.
Graduates are able to offer competent accounting support to businesses, managing in all aspects of the financial world. Career options include Accounts Assistant, Audit Assistant, Tax Assistant, Budget Personnel and Cost Administrator. Designation of CAT after their name - graduates have must obtained at least one year relevant supervised working experience, which satisfies ACCA's competence requirement.
(CIMA) The Chartered Institute of Management Accountants
About CIMA
The very best source of information concerning CIMA with regards to registration, examinations or membership is contained in the CIMA Information Pack for students. All registered students are expected to receive a copy. Be sure to get yours from LVMT or directly from CIMA on +44 (0)20 7663 5441 or www.cimaglobal.com
CIMA ranks among the most successful Professional Bodies in the world. In the past decade membership has grown to over 50,000 students worldwide. CIMA students, graduates and members can work in every area of Accounting and finance. They are well sought after in Manufacturing and Commercial sectors. They are particularly sought after in Management Consultancy and other related areas.
Eligibility for Examination / Membership
If students possess any or a combination of the above qualifications, they may be eligible to register as a student of the CIMA and proceed on their way to membership.
Students do not need to be employed as an Accountant in order to sit for CIMA exams, although they will need to complete a satisfactory Record of Practical Experience (formerly known as logbook) covering between two and three years before they can finally be admitted to membership.
Students are advised to check their eligibility with CIMA on +44 (0)20 7663 5441 or www.cimaglobal.com before enrolling on our course.
Credit Accumulation
As part of its strategic development, CIMA has introduced a flexible approach to its qualifications by means of Credit Accumulation since 1997. What is Credit Accumulation? It allows students at Foundation and Intermediate Levels to sit for a multiple amount of examinations at one sitting (papers 1 to 6). Unlike before, this allows students the freedom to study at their own pace.
Furthermore, under the revised Policy, students will no longer be required to pass all Papers in one sitting, provided they score over 50% in each Paper, such passes can be retained. The introduction of Credit Accumulation and Modularity offer CIMA's students the freedom to choose the pace at which they progress through the qualifications. This has been welcomed by training providers, lecturers, employers, and more importantly the students themselves. For more information on Credit Accumulation, CIMA's students Affairs Department on +44 (0)20 7663 5441 or www.cimaglobal.com
Student Registration
To be eligible to enrol for the CIMA exams, you must register as a student with CIMA. Having met the minimum registration requirements, you are initially required to attempt all the papers in each Level, unless you have been granted exemptions. CIMA examinations are held twice a year in the final week of May and November.
Exemptions
Exemptions are concessions granted by the Institute removing the need for you to sit certain examinations in its syllabus. These are granted in recognition of student's previous relevant studies, for example as part of a Degree or previous Accountancy courses such as the AAT. These must be applied for when first registering as a student.
The syllabus contains seventeen Papers organised into 3 Levels. The foundation Level gives students a solid foundation in Accountancy, Business, Information Technology and Economics concepts. At the Intermediate level, students will learn the fundamentals of Finance and Business at a Managerial Level. The Final Stage provides students with the ability and technique to work at a Board Level. Details of subjects contents and syllabuses can be provided to our students upon registration / course enquiry.
Students are encouraged to contact the Institute's Student Exemptions Helpline, where their application for exemption/s will be reviewed on +44 (0)20 7663 5441 or www.cimaglobal.com
BSc in Accounting and Finance
CLC is proud to offer the Bachelors in Accounting and Finance in conjunction with the
University of London
external programme. This degree has an international flavour and was developed in consultation with academics and professionals throughout South East Asia, as well as the UK. It aims to provide a thorough grounding in accounting and finance within a strong social science framework. The combination of subjects will ensure that you develop the necessary critical skills to be able to undertake a variety of occupations where an understanding of accounting and finance would be useful.Successful graduates may be able to gain exemptions from several of the examinations of professional bodies (depending upon the subjects taken). we advise you to contact the relevant bodies for advice.
This degree has been designed with three types of people in mind:
Those who would like to take a degree before proceeding to take professional qualifications.
People professionally qualified in the accountancy field who would now like to take a degree.
Those who have not yet decided which profession to pursue and are interested in the subject area of accounting and finance.
In addition to the general entrance requirements*, you will be required to:demonstrate that you have reached a level of competence in Mathematics at least equivalent to a pass at GCSE/GCE 'O' Level, at not less than grade C, in a mathematical subject
AND
provide proof of competence in English acceptable to the University. (It may be necessary for you to have passed a test of proficiency, recognised by the University, at the appropriate level, within the last five years.)
You will be required to make a serious attempt in the examination for 12 units.
You can take the Foundation and Further units in any order, provided you satisfy any prerequisites (units which you must have already passed). Most students, however, would normally take the Foundation units first because (as their name suggests) they are the 'building blocks' - the foundation - for the units that follow. Prerequisites are listed at the beginning of the appropriate syllabuses.
| FOUNDATION UNITS |
| 1 |
Introduction to Economics |
| 2 |
Statistics 1 (half unit) and Mathematics (half unit) |
| 3 |
Elements of Accounting and Finance |
| 4 |
Introduction to Information Systems |
| FURTHER UNITS |
| 5 |
Microeconomics |
| 6 |
Financial Management |
| 7 |
Financial Reporting |
| 8 |
Management Accounting |
| 9 |
Corporate Finance |
| 10 |
Marketing |
| 11 |
Analysis of Strategic Management |
| 12 |
Organisation Theory |
BSc in Banking and Finance
You will be required to make a serious attempt in all 12 units of the examinations.
You can take the Foundation and Further units in any order, provided you satisfy any prerequisites (units which you must have already passed). Most students, however, would normally take the Foundation units first because (as their name suggests) they are the 'building blocks' - the foundation - for the units that follow.
For students primarily interested in pursuing a career in law, this joint degree has been specially designed so that if students take all the law options marked with an asterisk (*) they will satisfy the academic stage of the legal training requirements of the Law Society and Bar of England and Wales. The title of the degree that will be awarded to these students is BSc Law with Accounting. Further information should be obtained from the Law Society and the General Council of the Bar directly.
For others, the combination of accounting and law will equip them to work in both public and private sectors where a demonstrated ability for logical reasoning is required.
| FOUNDATION UNITS |
| 1 |
Elements of Accounting & Finance |
| 2 |
Introduction to Common Law* |
| 3 |
Criminal Law* |
| 4 |
Public Law* |
| FURTHER UNITS |
| 5 |
The Law of Business Organisations |
| 6 |
Corporate Finance |
| 7 |
Management Accounting |
| 8 |
Agency & Commercial Law |
| 9 |
Commercial Conflict of Law |
| 10 |
Corporate Finance |
| 11 |
Jurisprudence and Legal Theory |
Note:
*The law units of the BSc Accounting with Law/BSc Law with Accounting and BSc Management with Law/Law with Management degrees marked with an asterisk (*) are those which are necessary for recognition of the degree as satisfying the academic stage of the professional legal training requirements of the Law Society and Bar of England and Wales.
BSc Law with Accountancy
You will be required to make a serious attempt in all 12 units of the examination.You can take the Foundation and Further units in any order, provided you satisfy any prerequisites (units which you must have already passed). Most students, however, would normally take the Foundation units first because (as their name suggests) they are the 'building blocks' - the foundation - for the units that follow.For students primarily interested in pursuing a career in law, this joint degree has been specially designed so that if students take all the law options marked with an asterisk (*) they will satisfy the academic stage of the legal training requirements of the Law Society and Bar of England and Wales. The title of the degree that will be awarded to these students is BSc Law with Accounting. Further information should be obtained from the Law Society and the General Council of the Bar directly.For others, the combination of accounting and law will equip them to work in both public and private sectors where a demonstrated ability for logical reasoning is required.FOUNDATION UNITS
| FOUNDATION UNITS |
| 1 |
Elements of Accounting & Finance |
| 2 |
Introduction to Common Law* |
| 3 |
Criminal Law* |
| 4 |
Public Law* |
| FURTHER UNITS |
| 5 |
The Law of Business Organisations |
| 6 |
Financial Management/td>
|
| 7 |
Management Accounting |
| 8 |
Agency & Commercial Law |
| 9 |
Principles of the Law of Obligations* |
| 10 |
Law of Trusts* |
| 11 |
Land Law* |
| 11 |
EU Law* |
Note: *The law units of the BSc Accounting with Law/BSc Law with Accounting and BSc Management with Law/Law with Management degrees marked with an asterisk (*) are those which are necessary for recognition of the degree as satisfying the academic stage of the professional legal training requirements of the Law Society and Bar of England and Wales.