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What is ACCA accreditation and how can it benefit your career?

Our Accounting and Finance undergraduate degrees are accredited by both the ACCA and CIMA but how does this help you to qualify quicker?

What is the ACCA?

The Association of Chartered Certified Accountants (ACCA) is one of the world’s most prominent accountancy professional bodies. To become a member, and Chartered Certified Accountant, you must first pass the ACCA Qualification which requires 13 papers and the Ethics and Professional Skills module. Successfully completing our BSc (Hons) Accounting & Finance course exempts you from 9 of the required papers, so you will only need to complete 4 additional papers as well as the Ethics and Professional Skills module, and 36 months of supervised experience, to become a Member and Chartered Certified Accountant.

Frequently asked questions

Benefits of the ACCA qualification

Sound financial management is at the core of all businesses. The ACCA Qualification is structured to be versatile and bring a level of expertise to all sectors so Chartered Certified Accountants are always in demand.

Increased earning potential

The average salary of an ACCA Chartered Accountant in London is £52,000. A part-qualified ACCA Chartered Accountant (ie, a Bloomsbury graduate who is continuing to pursue ACCA Chartered Accountant status) can expect to earn around £28,000 – £33,000.

Recognition and prestige

The ACCA qualification is one of the most prestigious and widely acknowledged accountancy qualifications. Once you have completed the qualification and become a Member, you are entitled to use the post-nominal letters ACCA (Associated Certified Chartered Accountant), and, after five years of membership, you may be eligible to use FCCA (Fellow Certified Chartered Accountant).

Professional development

Accountancy is constantly evolving, so staying current with the latest developments across the profession is essential. As an ACCA Member/ Student, you will be required to complete Continued Professional Development (CPD) to retain your Chartered Accountant status and many courses and conferences will be provided by the ACCA as part of your membership.

Which is better CIMA or ACCA?

Our Accounting & Finance undergraduate degrees are accredited by both ACCA and CIMA (the Chartered Institute of Management Accountants). Though the bodies’ focuses differ slightly, both organisations are highly respected internationally and membership of either will help you to succeed in the accountancy profession.

Eligibility for the ACCA qualification

The ACCA Qualification is ranked Level 7, the same level as Master’s degrees. Officially, you can begin the ACCA Qualification with two A-levels and three GCSEs, however, you do need three years of accountancy work experience in order to complete the qualification and you are much more likely to be offered a relevant role with an Accounting and Finance degree.

How long does the ACCA qualification take to get?

There is no definite amount of time to complete the ACCA Qualification. For most people, the ACCA is completed in three years, as it requires three years’ experience in a relevant role, but the examinations themselves can be completed in two years. There is a 7-year limit to completing the ACCA Qualification.

What is a part qualified ACCA?

To be a part qualified ACCA you must be enrolled as an ACCA Student and have passed 9 of the 14 papers required to become an ACCA Member. If you have successfully completed the relevant modules of our BA Accounting & Finance course, and enrolled as an ACCA Student, you are already a part qualified ACCA.

How much does ACCA cost?

ACCA Membership costs £122 for a full year (January – January). When you first enrol as an ACCA Student, you will also be charged an Initial registration fee of £89.

The ACCA also charges £143 – £365 for examinations and £98 – £123 for exemptions.

Exemption codes

Once you have graduated from, our BSc Accounting and Finance degree, and wish to pursue Associated Chartered Accountant status, you will need to enter the relevant following codes into your application form in order to be awarded your exemptions.

  Level 4   ACCA module exemption
Accountants in Organisations   AB
Financial Accounting   FA
Management Accounting   MA
Business and Corporate Law   LW

 

  Level 5   ACCA module exemption
Financial Reporting   FR
Taxation   TX
Auditing in Context   AA
Computer Applications in   Accounting

 

  Level 6   ACCA module Exemption
  Performance Management and   Control   PM
  Financial Management   FM

Accounting and finance degrees with ACCA accreditation

BSc Accounting and Finance, 3 year

Duration:

3 Years

Study:

Full-Time

Start:

Apply now to start in October 2024
BSc Accounting and Finance, Accelerated
is accelerated

Duration:

2 Years

Study:

Full-Time

Start:

Apply now to start in October 2024

The Bloomsbury Institute difference

Work experience on course

Students build up their hours on course, for example via Bloomsbury Law Clinic.

International scholarship

Upon graduation, all of our International Graduates receive £1,000.

Based in Central London

In the heart of London’s education quarter, with access to Birkbeck’s vast library and resources.

 

Support to find work

As soon as international students are issued their CAS, they will have access to Student Circus, providing a wealth of vacancies, support, employability courses and resources.

International Student visa

The Student visa entitles students to work 20 hours per week, full-time during vacation,  and on graduation they receive a further two-year Graduate visa.