What is Full Form of ACCA?

Created By:Parveen Yadav | Created Date :06 March, 2023

What is Full Form of ACCA?

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting firm offering the Chartered Certified Accountant (ACCA) qualification. It has 240,952 members worldwide. ACCA is headquartered in London and has its head office in Glasgow. ACCA works through a network of more than 110 offices and centers in 51 countries with 346 Approved Learning Partners (ALPs) and more than 7,600 Approved Employers around the world providing employee development.

The term "Collegiate" in the ACCA qualification refers to the Royal Charter granted in 1974.

"Chartered Certified Accountant" is a legally protected term. [citation needed] Individuals who designate themselves as Chartered Certified Accountants must be members of the ACCA and, if practicing publicly, must comply with additional regulations such as:

The Association of Certified Public Accountants (AAPA), one of the UK's professional bodies for accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest and ensures that its members are properly regulated. Promotes principles-based regulation. Take progressive positions on global issues to ensure the accounting profession continues to grow in prestige and influence.

ACCA dates back to 1904 when eight people founded the London Association of Accountants to provide more open access to the profession than was then possible through the accounting bodies, most notably the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of Scotland (ICAS).

The term Chartered Certified Accountant was introduced in 1996. Prior to this date, ACCA members were known as Certified Accountants. An ACCA member is still permitted to use this term. ACCA members with more than five years of post-qualification and professional development experience are referred to as Fellows and use the designation letters FCCA instead of ACCA.

The term Chartered refers to the Royal Charter bestowed by Her Majesty Queen Elizabeth II of the United Kingdom.

Chartered Certified Accountants work in all areas of business and finance. Some are in public practice, others work in the private sector, and some are employed by government agencies.

Since Chartered Certified Accountant is a legally protected term, self-described individuals must be ACCA members. If they accept public practice contracts, they must comply with additional regulations, such as:

Public accountant is the primary qualification of the trade association. Upon completion of up to 13 professional exams, three years of relevant supervised accounting experience and an ethics module, an individual can become a Chartered Certified Accountant. The ACCA professional exams are offered worldwide four times a year in March, June, September and December in the form of paper-based and computer-based exams.

Computer-based exams (CBEs) for the first four exams (BT, MA, FA, LW) and session CBEs for the remaining ones (PM, TX, FR, AA, FM) are also offered upon request, which can be taken. at ACCA-licensed testing centers. In association with Oxford Brookes University, a Bachelor of Science (Honours) degree in Applied Accounting is offered (after completing the Foundation Level of Examinations, the Ethics and Professional Skills module.

As of September 2018, the syllabus consists of 13 exams and an Ethics and Professional Skills (EPSM) module, although there are some exceptions. In April 2019, a data analysis unit was integrated into EPSM.

The degree is structured in three modules, plus an ethics and professional skills module and a professional experience requirement (PER).

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