The document provides an overview of the Foundations in Accountancy (FIA) and the Association of Chartered Certified Accountants (ACCA). It details the structure and components of the FIA certification, including four papers, and outlines the ACCA qualification with 13 papers across four levels. Additionally, it includes passing rates for various exams and highlights the global reach of ACCA with over 241,000 qualified members and 542,000 students worldwide.

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Welcome to ACCA/FIA
Workshop
Friday, 06 December, 2024

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Overview of FIA and Its Papers
Foundations in Accountancy (FIA)
Foundations in Accountancy (FIA) or Certified Accountant Technician (CAT) is certification by
ACCA, UK.
STEPS FOUNDATIONS IN ACCOUNTANCY (FIA)
Introductory Certificate in Financial and
Management Accounting
FA1 Recording Financial Transaction
MA1 Management Information
Intermediate Certificate in Financial &
Management Accounting
FA2 Maintaining Financial Record
MA2 Managing Costs & Finance

3. © ACCA PUBLIC
Overview of FIA and Its Papers
Foundations in Accountancy (FIA)
▪ FA1: Recording Financial Transactions (On-demand; Passing Rate: ~75%)
▪ FA2: Maintaining Financial Records (On-demand; Passing Rate: ~70%)
▪ MA1: Management Information (On-demand; Passing Rate: ~75%)
▪ MA2: Managing Costs and Finance (On-demand; Passing Rate: ~70%)
▪ All exams are Computer-Based Exams (CBE)

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Overview of ACCA and Its Papers
Association of Chartered Certified Accountants
The Association of Chartered Certified Accountants (ACCA) is global body in professional accountants.
▪ It has more than 241,000 fully qualified members
▪ 542,000 students in more than 178 countries worldwide
The ACCA papers syllabus consists of 13 papers divided into 4 levels;
▪ Knowledge: 3 papers
▪ Skills: 6 papers
▪ Essentials: 2 papers
▪ Optional: 2 papers out of 4

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Overview of ACCA and Its Papers
Applied Knowledge
1. F1-Business and Technology (BT): On-demand; Passing Rate: ~82%
2. Financial Accounting (FA): On-demand; Passing Rate: ~75%
3. Management Accounting (MA): On-demand; Passing Rate: ~65%
▪ All exams are Computer-Based Exams (CBE)

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Overview of ACCA and Its Papers
Applied Skills
1. Corporate and Business Law (LW): On-demand; Passing Rate: ~84%
2. Performance Management (PM): Session-based; Passing Rate: ~44%
3. Taxation (TX): Session-based; Passing Rate: ~53%
4. Financial Reporting (FR): Session-based; Passing Rate: ~50%
5. Audit and Assurance (AA): Session-based; Passing Rate: ~38%
6. Financial Management (FM): Session-based; Passing Rate: ~50%

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Overview of ACCA and Its Papers
Strategic Professional - Essentials
1. Strategic Business Reporting (SBR): Passing Rate: ~48%
2. Strategic Business Leader (SBL): Passing Rate: ~52%

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Overview of ACCA and Its Papers
Strategic Professional - Options
▪ Choose two of the following:
▪ Advanced Financial Management (AFM): Passing Rate: ~42%
▪ Advanced Audit and Assurance (AAA): Passing Rate: ~31%
▪ Advanced Taxation (ATX): Passing Rate: ~40%
▪ Advanced Performance Management (APM): Passing Rate: ~32%

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ACCA 120th Annual Ceremony