ACCA - Association of Chartered Certified Accountants
Money is the main reason why most companies exist. They either want to make it, save it, use it more effectively or advise other companies on how to make it, save it or use it more effectively. Even charities and not-for-profit companies need to make sure they use their funds in the most efficient way. All organizations have one thing in common. They need accountancy professionals who understand finance, who can play a fundamental role in running the business and who can help make the business a success.
ACCA (Association of Chartered Certified Accountants) is an International Professional Accounting Body, which has members and students in over 173 countries. It has 162,000 members and 428,000 students with global network of 89 offices and active centres. It is recognised and respected by over 8,500 Approved Employers and has over 109 years experience and proven reputation for quality and excellence.
B.Com Integrated ( B.Com with ACCA) program helps the students to get exemption of first six papers of ACCA after the completion of first year. Since the curriculum is already integrated or embedded in the B.Com syllabus, the students can finish ACCA Professional qualification without much additional training.
The student has to write only 8 external papers to get the ACCA qualification out of 14 papers.
Along with the ACCA Qualification, the students are eligible for getting certificate in IFRS from ACCA and ICFE (International Certificate in Financial English) form University of Cambridge after the Semester 3. In addition to this, the students have options for getting an Advanced Diploma and B.Sc in Applied Accounting after the completion of 3rd Semester.
The syllabus comprises 14 examinations.. The qualification is structured in two parts. The Fundamentals level consists of 9 examinations:
F1 Accountant in Business,
F2 Management Accounting,
F3 Financial Accounting,
F4 Corporate and Business Law
F5 Performance Management,
F7 Financial Reporting,
F8 Audit and Assurance, and
F9 Financial Management.
The Professional level involves 5 examinations. Within the Professional level three papers are compulsory:
P1 Governance, Risk and Ethics
P2 Corporate Reporting; and
P3 Business Analysis.
Two of the following four options papers must also be completed:
P4 Advanced Financial Management,
P5 Advanced Performance Management,
P6 Advanced Taxation and
P7 Advanced Audit and Assurance.
The detailed integration of ACCA courses with B.Com curriculum is given below:
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