ACCA Qualification
A truly global qualification accepted in more than 150 countries including the UK, Canada and Australia.
The ACCA curriculum is focused on accountancy and finance and due to its comprehensive curriculum, the qualification enables you work in any aspect of Finance or Management. It is an assurance to employers that the holder has the skills and knowledge necessary to progress to more senior Management positions. Further, given the highly competitive local and global job market, the qualification positions its holders uniquely, thereby enhancing their career prospects and progression not only within the industries or sectors but also among colleagues and peers.
All over the world, employers seek out ACCA members to lead their business to sustainable success. That’s because they know that ACCA members are strategic thinkers with high ethical integrity, strong financial know-how and the right business acumen.
Programme Details
- Improved career progression and potential to earn a high salary.
- Be able to work anywhere you choose internationally because of the world-class reputation and mutual recognition agreements in place with many foreign accounting bodies.
- Have flexibility in your career choice such that you can work in any business sector from financial services (e.g. banks and insurance companies), public practice and consulting, to corporate sectors.
- The ACCA qualification due to its flexibility also allows you to work and learn simultaneously as you progress.
- ACCA Examinations which comprise of three levels: Applied Knowledge, Applied Skills and the Strategic Professional.
- An Ethics and Professional Skills module
- A 36 month practical experience requirement.
- 2 A level passes + 3 SSC/GCE O levels including Mathematics and English.
- A diploma from a Federal University
- National Certificate of Education (NCE)
- Diploma
- Matriculation to a University (Bachelors or Masters Programme).
ACCA is globally recognised allowing you to work anywhere where in the world.
ACCA Foundation Diploma
For secondary school leavers, candidates who are new to accountancy and candidates who have not attend any previous educational qualification.
As part of the flexibility of entry into the ACCA Qualification, the Foundations Diploma is the perfect place to start if you are a secondary school leaver, new to accountancy or have not attained any previous educational qualification. With this programme, a student can achieve certificates and diplomas along the way before progressing onto the qualification. There is no minimum entry or eligibility requirements and a student can start at any level in the programme (although it is recommended that a secondary school leaver starts at level 2).
The ACCA Foundations studies begins at the equivalent of the final year in O’level studies and progresses up to the equivalent of the first year of a bachelor’s degree. It comprises of 7 subjects leading to a number of awards which are:
- ACCA Diploma in Financial & Management Accounting (level 2)- 2 subjects
- Recording Financial Transactions (FA1)
- Management Information (MA1)
- ACCA Diploma in Financial & Management Accounting (level3)- 2 subjects
- Maintaining Financial Records (FA2)
- Managing Costs and Finance (MA2)
- ACCA Diploma in Accounting and Business (Level 4)- 3 subjects
- Accountant in Business (FAB)
- Management Accounting (FMA)
- Financial Accounting (FFA)
A candidate will also need to complete a professionalism and ethics module called Foundations in Professionalism before they can be awarded any of the foundations level qualification. This module is an online interactive module which will help students understand what it means to act professionally and ethically at work. It can be completed before or after the foundation level examinations at the student’s own individual pace.
5 Great Reasons to choose the Foundations Diploma
- Fast Track to the ACCA Qualification
The foundation studies is the best preparation for the ACCA qualification if you don’t have any other qualification or experience. Upon completion of the diploma in Accounting and Business (Level 4) a student can automatically transfer onto the ACCA Qualification free of charge and be granted exemptions from the Applied Knowledge stage (3 papers).
- Starting out at the Right Level
ACCA’s foundation diploma can be viewed as your first step to becoming a professional accountant. It is therefore vital that students register at a level adequately supported by their educational background including their general Mathematics and English language skills. The curriculum at the Foundations diploma level is designed to smoothly transition students from secondary school academic work to the equivalent of professional undergraduate studies.
- Employability
Begin to earn an income and acquire valuable work experience with your diploma. You will get a better job and be paid more if you have a qualification in a profession that is in-demand. Further, with your diploma you will be able to secure a variety of junior positions in accounting such as accounting clerk, accounting assistant and book keeper in a wide variety of organisations.
- Examinations are available on demand
With computer based examinations available on-demand (at your request when you are ready for the examination), you can complete the entire foundation diploma and be registered as an ACCA student within 12 months. There are also no time limits for the completion of the Diploma.
- Affordability
You pay your fees “As You Go”. There are no large upfront costs. It is a lower cost alternative to local and foreign higher education. A student can be transferred free of charge onto the ACCA qualification once the programme is completed with free exemptions from sitting for Applied Knowledge examinations.
All these benefits allow you as a young adult and secondary school leaver create your own future, specialise or keep your options open as the future itself unfolds.
Computer Based Examination
ACCA On-demand CBEs allow for flexibility in your studies as you can sit them at any time of the year.
Also, results are displayed immediately at the end of the examination and uploaded to your ACCA account within 72 hours.
At CLB, we offer truly on demand ACCA CBE services where you can take your examinations on any day of the week (Mondays to Sundays) within a short 72-hour notice. We are also able to reschedule examinations due to emergencies within a 24 hour notice in most instances.
We are located strategically in Victoria Island and we have stable power supply and reliable internet connectivity to ensure hitch free examinations” administration.
ACCA Papers Available on Demand
- FA1 Recording Financial Transactions
- MA1 Management Information
- FA2 Maintaining Financial Records
- MA2 Managing Cost and Finance
- FBT Foundation Business and Technology
- FMA Foundations Management Accounting
- FFA Foundations Financial Accounting
- BT Business and Technology
- MA Management Accounting
- FA Financial Accounting
- LW- GLO Corporate and Business Law
- LW- ENG Corporate and Business Law
Applied Knowledge
This level provides students with an exceptional introduction to the world of finance and accounting and there are 3 Applied Knowledge exams:
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (MA)
Once these three examinations are completed a student may elect to receive the ACCA diploma in Accounting and Business and they also become eligible to start the Applied Skills examinations
Applied Skills
The examinations at this level help develop strong broad and practical skills required by a professional accountant in any sector or industry. In order to commence study at this level a student must either have completed the Applied Knowledge examinations, have achieved the ACCA diploma in Accounting and Business (RQF level 4) or have relevant accounting or finance qualification at degree level. There are 6 Applied Skills examinations as follows:
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
Strategic Professional
The examinations at this level prepare students for future leadership positions by building strategic vision through a blend of technical, ethical and professional skills. It further gives the opportunity to specialise in areas that best suit the students career ambition. These examinations are:
Essential
- Strategic Business Leader (SBL)
- Strategic Business Reporting (SBR)
Options
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
- Advanced Audit and Assurance (AAA)
Ethics and Professional Skills Modules
This module seeks to increase employability by exposing students to realistic business simulations which help develop their professional skills including leadership, communication and commercial awareness. The module also supports learning for the Strategic Professional examinations.
Practical Experience Requirement
Becoming a well-rounded professional accountant comes with experience so to qualify as an ACCA member, a candidate must complete 36 months relevant work experience and achieve 9 performance objectives (5 Essential objectives and 4 Technical objectives).
