Those who study Accounting in Australia are all familiar with ACCA, which is very different from the domestic CPA. ACCA has great authority in the world, but domestic CPA (also called CICPA)also has advantages, such as the unique signing right in China. But in this paper, we will introduce ACCA.
ACCA stands for the Association of Chartered Certified Accountants or International Accountants. ACCA is headquartered in London, with chapters in Los Angeles, Toronto, Sydney, and Hong Kong... in more than 70 cities around the world. As the international style is widely recognized in Europe and the United States, all ACCA courses are in English, which is not conducive to the preparation of students with low English proficiency.
There are 15 ACCA exam courses, four of which can be chosen to pass two. There are two phases: The Fundamentals phase and the Professional phase. The Fundamentals phase can be subdivided into the Applied Knowledge part (F1-F3) and the Applied Skills part (F4-F9).
The Applied Knowledge part courses include principles of accounting, the role of financial accounting, and accounting management issues. They are as follows:
F1 Accountant in Business (AB);
F2 Management Accounting (MA);
F3 Financial Accounting (FA).
The Applied Skills part focuses on professional skills and legal affairs. They are as follows:
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).
Although there are many subjects in the Fundamentals stage, it is simple for students to pass the exam if they are well prepared. The contents and methods of the examination are relatively simple. Students can find professional instructors to explain the basic knowledge by contacting GPA, so that they can pass the exam more easily.
The Professional phase focuses on the role of financial personnel in the strategic management of enterprises, and develops the ability to use professional knowledge to evaluate information and make rational recommendations. It is important to note that there are two electives in the Fundamentals Stage. Students can choose courses suitable for their own job (professional practice or financial management) to strengthen their professional knowledge. The specific courses are:
P1 Strategic Business Leader (SBL);
P2 Strategic Business Reporting (SBR);
Professional Options (Choose 2 courses)
P3 Advanced Financial Management (AFM);
P4 Advanced Performance Management (APM);
P5 Advanced Taxation (ATX);
P6 Advanced Audit and Assurance (AAA).
Last but not least, ACCA is widely regarded as the "golden diploma" in the workplace because of its universal authority in almost all the countries around the world. Whether plan to stay in Australia or return back in the future, organize the time for it as soon as possible. Get an ACCA certificate as soon as possible, which will contribute to your future career.