Foundations in Accountancy:
• is a flexible suite of qualifications, which meet the needs of both students and employers
• provides opportunity for students of ability and application, irrespective of a student’s educational background or learning environment
• develops skills and competences tailored to the needs of employers, the public and other key stakeholders
• uses innovative assessment and delivery mechanisms to create highly flexible qualifications
• provides a grounding in professionalism and ethical behaviour at the core of the qualifications
• will be implemented and communicated in a clear, concise and timely manner.
• is a flexible suite of qualifications, which meet the needs of both students and employers
• provides opportunity for students of ability and application, irrespective of a student’s educational background or learning environment
• develops skills and competences tailored to the needs of employers, the public and other key stakeholders
• uses innovative assessment and delivery mechanisms to create highly flexible qualifications
• provides a grounding in professionalism and ethical behaviour at the core of the qualifications
• will be implemented and communicated in a clear, concise and timely manner.
Foundations in Accountancy contains the following qualifications:
• Introductory Certificate in Financial and Management Accounting – awarded on the completion of exams FA1 and MA1; and Foundations in Professionalism
• Intermediate Certificate in Financial and Management Accounting – awarded on the completion of exams FA2 and MA2; and Foundations in Professionalism
• Diploma in Accounting and Business – awarded on the completion of exams FAB, FMA and FFA; and Foundations in Professionalism
• Certified Accounting Technician (CAT) Qualification.
• Introductory Certificate in Financial and Management Accounting – awarded on the completion of exams FA1 and MA1; and Foundations in Professionalism
• Intermediate Certificate in Financial and Management Accounting – awarded on the completion of exams FA2 and MA2; and Foundations in Professionalism
• Diploma in Accounting and Business – awarded on the completion of exams FAB, FMA and FFA; and Foundations in Professionalism
• Certified Accounting Technician (CAT) Qualification.
ENTRY REQUIREMENTS
Foundations in Accountancy offers various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, based on their previous qualifications, experience and future career aspirations.
Foundations in Accountancy offers various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, based on their previous qualifications, experience and future career aspirations.
Route 1: No formal academic qualifications
Students with no formal academic qualifications can register to take exams at any level within Foundations in Accountancy. There is no requirement to complete the Introductory Certificate in Financial and Management Accounting or the Intermediate Certificate in Financial and Management Accounting prior to completing the Diploma in Accounting and Business, although students are strongly recommended to do so. As Foundations in Accountancy offers so much flexibility, there is no longer a need to provide the mature student entry route (MSER) as part of the ACCA Qualification. With the introduction of Foundations in Accountancy, students who do not meet the minimum entry requirements for the ACCA Qualification can register for Foundations in Accountancy and can start studying at any level, including the Diploma in Accounting and Business. There are no requirements to complete these papers within a given timescale in order to progress onto the ACCA Qualification. Students currently registered under the MSER on the ACCA Qualification will be notified of the changes and transition arrangements.
Students with no formal academic qualifications can register to take exams at any level within Foundations in Accountancy. There is no requirement to complete the Introductory Certificate in Financial and Management Accounting or the Intermediate Certificate in Financial and Management Accounting prior to completing the Diploma in Accounting and Business, although students are strongly recommended to do so. As Foundations in Accountancy offers so much flexibility, there is no longer a need to provide the mature student entry route (MSER) as part of the ACCA Qualification. With the introduction of Foundations in Accountancy, students who do not meet the minimum entry requirements for the ACCA Qualification can register for Foundations in Accountancy and can start studying at any level, including the Diploma in Accounting and Business. There are no requirements to complete these papers within a given timescale in order to progress onto the ACCA Qualification. Students currently registered under the MSER on the ACCA Qualification will be notified of the changes and transition arrangements.
Route 2: Meeting the minimum entry requirements for the ACCA Qualification
For students who meet the minimum entry requirements to commence the ACCA Qualification i.e. have a minimum of 2 A Levels and 3 GCSEs or equivalent, they can either register for the ACCA Qualification and commence their studies at the Knowledge module with F1, F2 and F3; or register on the Foundations in Accountancy and complete the Introductory and Intermediate Certificates in Financial and Management Accounting if they prefer to take this route first. ACCA recommends students register directly onto the ACCA Qualification if they meet the minimum entry requirements for the qualification instead of entering the ACCA Qualification via Foundations in Accountancy. However, the option is available to those students who wish to obtain additional certificates at introductory and intermediate levels before commencing their studies on the ACCA Qualification.
For students who meet the minimum entry requirements to commence the ACCA Qualification i.e. have a minimum of 2 A Levels and 3 GCSEs or equivalent, they can either register for the ACCA Qualification and commence their studies at the Knowledge module with F1, F2 and F3; or register on the Foundations in Accountancy and complete the Introductory and Intermediate Certificates in Financial and Management Accounting if they prefer to take this route first. ACCA recommends students register directly onto the ACCA Qualification if they meet the minimum entry requirements for the qualification instead of entering the ACCA Qualification via Foundations in Accountancy. However, the option is available to those students who wish to obtain additional certificates at introductory and intermediate levels before commencing their studies on the ACCA Qualification.
EXAMS
An outline of the exam syllabus is listed below. The detailed syllabuses will be available by August 2010 and sample exams by January 2011.
An outline of the exam syllabus is listed below. The detailed syllabuses will be available by August 2010 and sample exams by January 2011.
- Recording Financial Transactions (FA1)
- Management Information (MA1)
- Maintaining Financial Records (FA2)
- Managing Costs and Finances (MA2)
- Financial Accounting (FFA)
- Management Accounting (FMA)
- Accountant in Business (FAB)
Optional Papers* - Foundations in Taxation (FTX)
- Foundations in Financial Management (FFM)
- Foundations in Audit (FAU)
COMPUTER-BASED EXAMS (CBEs)
Computer-based exams will be available for the first seven papers (not the options papers) and paper based exams will continue to be available for all exams within Foundations in Accountancy. The first computer-based and paper-based exams under the new syllabus will be available in December 2011.
