Preparatory Course for Association of Chartered Certified Accountants (ACCA)

Minimum entry requirements

• 18 years old;
• 2 'A' Levels and 3 GCSEs or equivalent in 5 separate subjects, including English and Mathematics
• Professional Certificate in English – Intermediate awarded by FTMSGlobal Academy or IELTS 5.5 or equivalent
• Completion of FiA - Diploma in Accounting and Business

Students who meet the minimum entry requirements to commence the ACCA Qualification i.e. have a minimum of 2 A levels and 3 GCSE or equivalent; they can either register for ACCA qualification and commence the studies at the knowledge module, F1, F2 & F3 or register on the Foundation in Accountancy (FIA) and complete Introductory and Intermediate certificate in financial and management accounting)

FUNDAMENTALS – Knowledge Level

Accountant in Business (F1)
To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

Management Accounting (F2)
To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

Financial Accounting (F3)
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements. 

FUNDAMENTALS – Skills Level

Corporate and Business Law (SGP) (F4)
To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognizing the need to seek further specialist legal advise where necessary.

Performance Management (F5)
To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.

Taxation (SGP) (F6)
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies and groups of companies.

Financial Reporting (INT) (F7)
To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

Audit and Assurance (INT) (F8)
To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

Financial Management (F9)
To develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.

PROFESSIONAL – Strategic Professional Level

Strategic Business Leader (SBL)
To demonstrate organisational leadership and senior consultancy or advisory capabilities and relevant professional skills, through the context of an integrated case study.

Strategic Business Reporting (SBR)
To discuss, apply and evaluate the concepts, principles and practices that underpin the preparation and interpretation of corporate reports in various contexts including the ethical assessment of managements’ stewardship and the information needs of a diverse group of stakeholders. 

PROFESSIONAL – Options Level (choose any two)

Advanced Financial Management (P4)
To apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation.

Advanced Performance Management (P5)
To apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

Advanced Taxation (SGP) (P6)
To apply relevant knowledge, skills and exercise professional judgment in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

Advanced Audit and Assurance (INT) (P7)
To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.