ACCA

ACCA at Certified College of Accountancy (CCA), Thapagaun, New Baneshwor, Kathmandu, Nepal

Overview

Certified College of Accountancy (CCA), Thapagaun, Kathmandu, offers the ACCA (Association of Certified Chartered Accountants) program. It is a globally recognized professional accounting body that provides qualifications and certifications in accounting, finance, and related areas. ACCA is headquartered in the United Kingdom (UK) and is in over 180 countries.

The ACCA qualification is highly regarded in accounting and finance and is designed to provide students with the knowledge and skills necessary to pursue a successful career in these areas. The qualification covers various subjects, including financial accounting, management accounting, taxation, audit and assurance, financial management, and more.

ACCA offers a flexible pathway to becoming a qualified accountant. The qualification consists of several levels, starting with the Fundamentals level, which includes Knowledge and Skills modules. Once these modules are completed, students can progress to the Professional level, which provides for Essential and Options modules. In addition to passing the required exams, students are also required to gain practical experience in accounting.

ACCA strongly emphasizes professional ethics. All members must adhere to a strict code of conduct, ensuring they maintain high standards of professionalism and integrity in their work. The ACCA qualification can enhance career prospects, provide international recognition, and allow members to work in various sectors and industries worldwide. Employers seek ACCA members for their technical knowledge, practical skills, and ethical values.

ACCA is a prestigious professional qualification that equips individuals with the knowledge and skills needed to excel in the accounting and finance industry. It offers a pathway to becoming a qualified accountant and many career opportunities globally.

Scopes of ACCA

The scope of ACCA (Association of Chartered Certified Accountants) is extensive and covers various aspects of accounting, finance, and business. Here are some key scopes of ACCA:

1. Accounting and Financial Reporting: ACCA covers in-depth knowledge and skills related to accounting principles, financial reporting standards, and preparing and presenting financial statements. This includes financial accounting, management accounting, and international financial reporting standards (IFRS).

2. Audit and Assurance: ACCA thoroughly understands auditing concepts, techniques, and practices. It covers audit planning, risk assessment, internal control evaluation, and audit engagements. ACCA members are equipped to perform audits and provide assurance services to organizations.

3. Taxation: ACCA covers various aspects of taxation, including corporate, personal, and indirect taxation. It provides knowledge of different jurisdictions' tax laws, regulations, and compliance requirements. ACCA members are competent in tax planning, advising on tax matters, and ensuring tax compliance.

4. Financial Management: ACCA focuses on financial management, including investment decision-making, capital budgeting, risk management, and financial strategy formulation. Members are skilled in financial analysis, financial planning, and the effective management of financial resources.

5. Business and Strategy: ACCA incorporates business and strategic management topics, providing insights into business operations, organizational structures, strategic planning, and performance management. It equips members to analyze business environments, formulate strategies, and make informed business decisions.

6. Professional Ethics and Governance: ACCA emphasizes the importance of ethical behavior and good governance practices in the accounting and finance profession. It provides guidance on professional ethics, integrity, and professional conduct. ACCA members are expected to uphold high ethical standards in their professional work.

7. Technology and Digital Skills: ACCA recognizes the increasing role of technology in the accounting profession. It covers data analytics, information systems, and digital technologies in accounting and finance. ACCA members are equipped to leverage technology to make effective decisions and enhance business processes.

8. International Perspective: ACCA has a global reach and focuses on international accounting standards, regulations, and business practices. It prepares members to work in diverse international environments, facilitating cross-border mobility and career opportunities.

The scope of ACCA is not limited to the areas mentioned above, as it continuously evolves to meet the changing needs of the profession and the business world. ACCA offers a comprehensive and well-rounded qualification that prepares individuals for various accounting, finance, and business management roles.

Papers of ACCA 

Here are the main three papers in the ACCA qualification:

1. Applied Knowledge Level:

These papers cover the fundamental principles and techniques of accounting and finance.

• Business and Technology (BT): Introduces students to the business environment and develops their understanding of organizations' operations.

• Management Accounting (MA): Covers the basic principles of costing and management accounting techniques.

• Financial Accounting (FA) Focuses on preparing, presenting, and interpreting financial statements.

2. Applied Skills Level:

These papers build on the knowledge gained at the Applied Knowledge Level and provide more in-depth knowledge and skills.

• Corporate and Business Law (LW): Examines the legal framework and regulatory environment in which businesses operate.

• Performance Management (PM): Explores management accounting techniques to plan and control performance.

• Taxation (TX): Covers the principles of taxation and their application to individuals and companies.

• Financial Reporting (FR): Focuses on preparing financial statements under International Financial Reporting Standards (IFRS).

• Audit and Assurance (AA): Covers the process of auditing and assurance engagements.

• Financial Management (FM): Examines organizations' financial management, including investment and financing decisions.

3. Strategic Professional Level:

These papers are designed to develop students' strategic thinking and professional skills.

• Strategic Business Leader (SBL): Integrates technical skills with professional ethics and leadership.

• Strategic Business Reporting (SBR) Focuses on analyzing and interpreting financial information for decision-making.

• Advanced Financial Management (AFM): Explores advanced financial management and corporate finance topics.

• Advanced Performance Management (APM): Develops the ability to apply strategic management accounting techniques in evaluating and improving performance.

In addition to these papers, ACCA offers a Professional Ethics module that covers ethical principles and the professional behavior expected of ACCA members.

It's important to note that the ACCA qualification is comprehensive. Completing all the required papers and relevant practical experience is necessary to become an ACCA member and attain the professional designation of ACCA.

Intakes

The CCA (Certified Chartered Accountants) offers four intakes throughout the year for enrollment in the ACCA (Association of Chartered Certified Accountants) qualification. These intakes are available in March, June, September, and December.

Each intake represents a specific period during which students can join and commence their ACCA studies. The availability of multiple intakes provides flexibility to individuals interested in pursuing the ACCA qualification, allowing them to choose a suitable starting point based on their schedule and preferences.

The availability of multiple intakes enables prospective ACCA students to plan their enrollment according to their preferred timeframe, ensuring convenience and flexibility. It also allows for a more continuous flow of student intake throughout the year, accommodating individuals with varying schedules and commitments.

It's important to note that the specific details and deadlines for each intake may vary depending on the institution or training provider offering the ACCA program. Prospective students should consult with the CCA or their chosen educational institution to obtain accurate and up-to-date information regarding enrollment deadlines and requirements for each intake.

Admission Guidelines to Enroll at CCA

• Admission at CCA for ACCA qualification does not have strict guidelines or requirements.

• There is no entrance exam, age limit, or need for prior work experience to enroll in ACCA.

• Students can directly apply for ACCA after completing their +2 education.

• To secure admission at CCA, students must pay the college admission fee.

• Fill out the admission form provided by CCA.

• Submit essential documents such as proof of identity (citizenship card or passport) and academic transcripts or mark sheets.

• Provide passport-sized photographs for the admission form.

• Upon fulfilling these requirements and completing the necessary paperwork, students can enroll in CCA and start their journey toward the ACCA qualification.

• Admission procedures and requirements may vary among institutions, so it's advisable to contact CCA or the chosen educational institution for accurate information.

Duration for the course

• The duration of the ACCA qualification can vary based on individual circumstances and study pace.

• On average, it takes around three to four years to complete all the ACCA exams and fulfill the practical experience requirements.

• The ACCA qualification has three main parts: the Applied Knowledge level, the Applied Skills Level, and the Strategic Professional level.

Practical Experience Requirement (PER):

• Along with passing the exams, students must fulfill the ACCA Practical Experience Requirement.

• The PER typically takes three years to complete.

• Students gain relevant work experience in accounting or finance during this period.

• Considering exam preparation and fulfilling the practical experience requirement, it can take approximately three to four years to complete the ACCA qualification.

• The duration may vary based on individual circumstances, study patterns, and personal commitments.