ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS ACCA (UK)

Transcription

1 ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS ACCA (UK)

2 BANKING ACCOUNTING & FINANCE ISLAMIC FINANCE IT & PROJECT MANAGEMENT INSURANCE LEADERSHIP & MANAGEMENT EXECUTIVE LEADERSHIP ACADEMIC STUDIES ABOUT The BIBF is a semi-government training institute affiliated with the Central Bank of Bahrain, established in It plays a vital role in the training and development of human capital in Bahrain, the wider Middle East, North Africa, Europe and beyond. The BIBF s commitment to excellence has strengthened its position as the leading educational provider across all major business disciplines. The Institute serves as a partner to numerous world-class institutions; delivering Thought Leadership, Assessment and Training in the areas of Banking, Islamic Finance, Executive Development, Accounting & Finance, Academic Studies, Leadership & Management, Insurance, Information Technology, Project Management and Supply Chain Management, resulting in a complete business solution.

3 GLOBAL REACH The BIBF qualifies over 20,000 learners a year across all major business disciplines and economic sectors. Since its establishment, it has provided training and development opportunities in 63 countries giving the institute a global footprint. The BIBF has delivered training to over students in 63 countries since its inception in 1981

4 About the Programme ACCA Qualification ACCA is the world s most forward-thinking professional accountancy body that offers opportunity to work in a variety of roles and industries with excellent financial rewards. This Global qualification consists of 13 subjects which are divided into two levels; Fundamentals (9 Subjects) & Professionals (4 Subjects). ACCA offers candidates with prior background in accounting & finance studies a variety of flexible entry routes that recognizes their prior learning appropriately which enables them to progress through ACCA swiftly. Awarding Body ACCA (the Association of Chartered Certified Accountants) is the world s largest and fastest-growing global professional accountancy body with 162,000 members and 428,000 students in 173 countries. ACCA offers individuals with business-relevant, first-choice qualifications in accountancy, finance and management. ACCA works to strengthen a global profession based on the application of consistent standards, which best supports international business and the desire of talented people to have successful, international careers. ACCA qualifications are based on international accounting standards making them globally relevant. In addition, these offer local law and tax options making the qualification locally relevant too. The qualifications are developed with employers, thereby providing individuals with the skills and knowledge to be work ready. For more information visit:

5 Eligibility Criteria To be eligible for the ACCA qualification, applicants must meet one of the following requirements: Two A-Levels and three GCSEs or their equivalent (five separate subjects including English and Mathematics) Five CBSE subjects inclusive of English, Mathematics or Accounting. Minimum score for compulsory subjects should be above 65%, any other three subjects should be within a score of 50% and above. Average score of all five subjects should be above 50%. Bachelor s degree (in any discipline) from a recognized institution Diploma in Accounting and Business Foundation Level qualifications (ACCA) AAT Level 3 Diploma in Accounting Students who have a relevant degree from a university, may be eligible to claim exemptions from some of the ACCA exams. Exemptions can be applied from a maximum of nine exams at the Fundamentals level of the ACCA Qualification. No exemptions are awarded for any of the Professional level exams. ACCA Examination Information A seven year time limit is imposed at the Professional Level. However, there are no time limits for passing the Foundation Level exams. The pass mark is 50% for all ACCA exams A maximum number of papers to be passed in a year is eight. There are four examination cycles per year 1 January - 31 March 1 April - 31 June 1 July - 30 September 1 August - 31 December Students must attempt the modules in order, however, they can attempt the papers in any order, within each module Computer Based Exams (CBEs) are available for papers F1 to F9 of the Fundamentals level. BIBF is an approved ACCA Computer Based Exam Centre. for F1 to F4 Paper Based Exams (PBEs) are available for Essentials and Options Papers of the Professional level. The following are the exam registration deadlines: Early* Standard* Late * Mar 14 Nov 30 Jan 6 Feb Jun 13 Feb 1 May 8 May Sep 15 May 31 July 7 Aug Dec 14 Aug 30 Oct 9 Oct * Please re-confirm the date through the ACCA website.

6 FUNDAMENTALS (NINE PAPERS IN TOTAL) Knowledge Accountant in Business (AB) Management Accounting (MA) Financial Accounting (FA) Corporate and Business Law (LW) Financial Reporting (FR) + Foundation in Professionalism Award = Diploma in Accounting and Business Skills Performance Management (PM) Audit and Assurance (AA) + Professional Ethics Module Award = Advanced Diploma in Accounting and Business BSc (Hons) in Applied Accounting - Oxford Brookes University* PROFESSIONAL (FOUR PAPERS IN TOTAL) Essentials Taxation (TX) Financial Management (FM) Strategic Business Reporting (SBR) Strategic Business Leaders (SBL) Options (two to be completed) Advanced Financial Management (AFM) Advanced Performance Management (APM) Advanced Taxation (ATX) Advanced Audit and Assurance (AAA) + Practical Experience Requirement (PER) ACCA member *Students must ensure they meet the eligibility criteria of the OBU programme.please refer the website ( for further details.

7 ACCA Membership To qualify as an ACCA member, students will need to complete: Exams - 13 exams Ethics - the Professional Ethics module Experience - record 36 months experience in a relevant role Professional Ethics Module As part of their ethical development, ACCA students are required to complete the Professional Ethics Module. This online interactive module will give students exposure to a range of ethical perspectives and includes several self-tests which require students to reflect on their own ethical behaviour and values. Access to the module is provided to students as soon as they become eligible to take Paper P1, Governance, Risk and Ethics. While students have the flexibility to complete the ethics module in their own time, it should be noted that ethics is one of the requirements of membership and it is therefore recommended that students take the Professional Ethics module at the same time as, or before, the Governance, Risk and Ethics paper. Students appearing for the Diploma in Accounting and Business, will need to complete the Foundations in Professionalism module as part of the requirements. The aim of this interactive component of the qualification is to help students develop an understanding of what it means to act professionally and ethically in the work they carry out. Practical Experience Requirements (PER) To qualify as an ACCA member, students must complete ACCA s practical experience requirements (PER). It is important for students to know the practical application of the knowledge they have gained during the course of their studies. ACCA students, are therefore required to complete three years practical experience before they can become ACCA members. This experience, alongside the exams and ethical awareness, will mean students are fully prepared for a challenging career as a professional accountant. To begin achieving the PER, students must: Complete 36 months employment in an accounting or finance- related role (s) Find a workplace mentor Achieve 13 performance objectives (including 9 essentials and 4 options) Record their progress using the online My Experience record Please refer to the PER portal at:

8 Our services: BIBF offers a comprehensive study programme and student support for the ACCA Qualification. Tuition (classroom training of hours) is available for all subjects of the qualification and covers review of the syllabus and practice exams. Please refer below for fee details: BIBF Application Fee (first time applicants only): BD 25 ACCA exam preparatory course* Knowledge level: BD 200 per paper Skills level: BD 225 per paper Professional level: BD 260 per paper ACCA Intensive Revision (Master Classes)** Fundamental level: BD125 Per Paper Professional level: BD150 Per Paper OBU Mentoring: BD250 Per Paper *The fee is inclusive of tuition and study materials only. Initial registration, subscription and paper based exam fees are payable to ACCA (UK) separately. ** The fee is Inclusive of tuition and class notes only. Note: The applicant must register online as an ACCA student member prior to registering with the BIBF. For further info, please visit:

9 GET CERTIFIED

10 For further information, and to register: Please contact the Centre for Accounting & Finance /