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ACCA (Foundation in Accountancy)
The ACCA Qualification develops accounting knowledge and skills as well as professional values. This means you can build a successful career as a finance professional in any sector. There is a strong focus on professional values, ethics and governance. This is essential because the profession is moving towards strengthened codes of conduct, regulation and legislation. And there is an increased focus on professionalism and ethics in accounting.
We provide tuition for following modules:
Subjects
Fundamentals (Nine Papers In Total)
Knowledge |
|
F1 |
Accountant in Business |
F2 |
Management Accounting |
F3 |
Financial Accounting |
Skills |
|
F4 |
Corporate and Business Law |
F5 |
Performance Management |
F6 |
Taxation |
F7 |
Financial Reporting |
F8 |
Audit and Assurance |
F9 |
Financial Management |
The Professional level is divided into two modules; Essentials and Options. Both of the modules at Professional level have been set at the same ability level as a Masters degree. This level builds on the technical knowledge you will already have. It will also explore more advanced professional skills, techniques and values. These are required at a senior level by accountants working in an advisory or consultancy role.
All students have to pass the three papers in the Essentials module. The Options module contains four papers, but you only need to complete two.
PROFESSIONAL (FIVE PAPERS IN TOTAL)
Essentials |
|
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 |
P7 |
Advanced Audit and Assurance |
Entry Requirements
ACCA offers you various entry points on to the ACCA Qualification depending on your previous academic qualifications.
The minimum entry requirement is two A Levels and three GCSEs or their equivalent. These need to be in five separate subjects including English and maths.
Click here for more information
Assessment
The ACCA exams are divided into two levels; Fundamentals and Professional. The Fundamentals level is divided into two modules Knowledge and Skills.
The Knowledge module introduces you to the main areas of financial and management accounting. You will study the other technical accountancy areas after you study this. There are six subjects in the Skills module which cover the main technical areas that accountants are expected to know.
Duration
The ACCA Qualification should take about three to four years to complete on average. This is based on someone working full time, studying part time and who registers with the minimum entry requirements. The length of time can vary depending on your individual situation and you will have 10 years from the date you register to complete the ACCA Qualification exams. LIT will expect a student to complete it in three years time and will issue a CAS (if required) for no more than three years.
Fees
Please refer to our fees section
