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Fasset Learnerships: Professional Qualification: Chartered Certified Accountant
Professional Body: The Association of Chartered Certified Accountants ACCA
Learnership Title: Chartered Certified Accountant
Learnership Code: 01/Q010005/00/780/7
NQF Level: 7
The ACCA Professional Qualification Learnership aims to equip the learner with the academic and practical experience required to become a competent Chartered Certified Accountant (FCCA).The qualification is designed to develop an understanding of the accountant’s role and key managerial issues and also focuses on developing the ability to evaluate information and give sound advice and recommendation within a professional ethical framework. Entrance Requirements • Matric Exemption (with D symbols in English and Mathematics), or • A Business and Accounting related Diploma from a Technikon, or • Certified Accounting Technician (CAT) qualification Syllabus The ACCA Professional Qualification Learnership consists of 14 examinations and three years of relevant supervised practical training, which can be gained before, during and/or after completion of the examinations. Learners who hold a relevant tertiary qualification may be awarded a maximum of nine exemptions/credits towards the 14 papers that comprise the ACCA Professional scheme.
Fundamentals (nine papers in total)
Knowledge F1 – Accountant in Business (AB) F2 – Management Accounting (MA) F3 – Financial Accounting (FA) Skills F4 – Corporate and Business Law (CL) F5 – Performance Management (PM) F6 – Taxation (TX) F7 – Financial Reporting (FR) F8 – Audit and Assurance (AA) F9 – Financial Management (FM)
Professional (five papers in total)
Essentials P1 – Professional Accountant (PA) P2 – Corporate Reporting (CR) P3 – Business Analysis (BA)
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Options (two to be completed) P4 – Advanced Financial Management (AFM) P5 – Advanced Performance Management (APM) P6 – Advanced Taxation (ATX) P7 – Advanced Audit and Assurance (AAA) Examinations Paper-based Examinations There are two examination sessions per year – June and December. Papers must be written in their specific order and a maximum of four papers can be written in each session. Computer-based Examinations (CBE) Learners can choose to sit papers F1, F2 and F3 as computer-based examinations (CBE). CBE offers learners the flexibility to sit papers outside the prescribed June and December exam sessions, providing immediate access to results upon completion. Before taking any computer-based examinations, learners must register with the ACCA. Practical Workplace Training Practical training ensures that learners acquire and demonstrate the necessary competencies in a wide range of technical, management and personal skills. Learners must complete at least three years of supervised workplace experience and meet the minimum competence requirements. Learners provide evidence of having fulfilled the practical experience requirements by regularly completing the Student Training Record (STR). The supervisor must review and authorize the work undertaken. Contact Details:
Professional Body: The Association of Chartered Certified Accountants ACCA
Contact Person: Cindy Parvess
Tel: (011) 459 1900
Fax: (011) 268 6374
E-mail: [email protected] or [email protected]
Web: www.accaglobal.com
