Foundation in Accountancy (FIA) is a group of qualifications. Each qualification has a number of exams which can be taken at any time to suit the students’ schedule. They also need to complete the Foundations in Professionalism module to be awarded any of the qualifications, though this module need be taken only once.
Covers the main types of business transactions and documentation and how these are recorded in an accounting system up to the trial balance stage.
Covers the provision of basic management information in an organisation to support management in planning and decision-making.
Covers the underlying principles and concepts relating to financial records and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.
Covers preparing, processing and presenting basic cost information to support management in planning and decision-making in a variety of business contexts.
Broadly equating to the first year of a degree programme, it comprises three courses. Students who complete these will also have completed the Applied Knowledge level of the full ACCA Qualification:
Covers business and technology and the influence this has on how organisations are structured and on the role of accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organization, its people and systems.
Covers the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques, including the preparation of basic financial statements for single entities and simple groups. Also introduces basic techniques of interpretation of financial statements.
Covers management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.
See the Foundation Diploma exams (designed exclusively for students in Pakistan and Bangladesh).
Wherever students begin their FIA journey, they will also need to complete our Foundations in Professionalism module to gain their qualification. This online and interactive module will give them an understanding of what it means to act professionally and ethically in relation to finance.
This module can be taken before or after the exam component of their qualification and only needs to be taken once, irrespective of whether the student goes on to take further FIA qualifications. Professionalism and ethical behaviour are fundamental aspects of the ACCA approach – which is recognised and respected around the world as the gold standard for financial training and education.
The CAT Qualification draws together the three FIA diplomas, plus three additional specialist options awards. It provides a broad platform of financial skills and knowledge as well as allowing students a degree of specialisation to support their role. They need to complete two out of the three specialist options awards:
To complete the CAT Qualification, students also need to evidence a year of practical experience in a relevant finance role and complete the Foundations in Professionalism module.
Foundation certificates in taxation, financial management and audit
The following standalone certificates are also available if you simply wish to certify your employees’ competence in specific areas of work:
To be awarded a certificate the student will also need to complete the Foundations in Professionalism module.
Students resident in Scotland will receive award certificates for the Scottish regulated titles.
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