Many people think that being an accountant is just number crunching. If youd prefer the flexibility to work while you study, but not lose out on achieving a university degree, then studying ACCA with the OBU degree in mind is a great option. The size goes upfrom the smallest an Award, to a Certificate to the largest, a Diploma. WebACCA in Finance & Business Analysis, ACCA UK (Graduated 2018) 4 y In UK, Advanced Diploma in Accounting and Business, which is awarded upon completion of 9 papers and When choosing which accounting qualification to study it is important to understand the current position of the applicant. It is the final AAT level, teaching you more complex accounting theory, and lets you choose two specialist subjects. You create them. We provide training for all levels, and we offer four study methods to suit your lifestyle: OnDemand, Classroom, Live Online, and Distance Learning. (1), Cayman Islands Applicants must be at least 16 years old or above. It also includes short courses which teach students bookkeeping skills. These exams may be taken on demand. All the best and Good Luck. Study where you want, when you want, online. Its ideal if youre new to accountancy, or already work in accountancy but dont have any formal qualifications. 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This degree has been jointly designed by the University and ACCA to meet the requirements of a degree and also those of a professional qualification. If you want to continue studying ACCA, you can move onto the final level, Strategic Professional. (4), Bridgetown It is the final AAT level, teaching you This certification usually takes between six months and 12 months to complete. There are many reasons why gaining the OBU degree while studying ACCA could be the best option for you. While ACCA is not a degree it self. In Pakistan HEC gives equivalency of Masters in Commerce degree once you become a member. That's because the ACCA The level goes from the lowest,least challenging Entry Level, up through thelevels tothe most challenging or difficult, which is aDoctorate at Level 8. From here youre better qualified to apply for further education such as MBAs, PhDs or more specialist finance courses globally. If you have a university degree in accountancy, or related, it may be more appropriate to try ACCA, CIMA, or ACA. This month were celebrating two decades of partnership with Oxford Brookes University that has resulted in over 33,000 ACCA students gaining a BSc degree alongside their professional qualification. and Experience: At least three years working experience in Accounting. SCQF Level 7 is equivalent to RQF Level 4, SCQF Level 10 is equivalent to RQF Level 6 and SCQF Level 11 is equivalent to RQF Level 7. iQualify UK is a UK registered organisation which was founded to provide the best in education through courses and qualifications for those previously excluded on grounds of finance or the need to work rather than study. "At Kaplan you get all the attention and help you need to succeed. Or become the financial authority for multiple industries within your role? If youre not sure how youd like to study ACCA, you can try out our free demo or trials below, which demonstrate all our study methods. plus youll be able to plan ahead with up to 12 months of timetables. (1), Other Caribbean Entry level 3 is the most difficult. Saudi Office: Office 10, 2nd Floor, Az Zahra, Relevant sources: For information on ACCA, and to help you get started, view our free guide. Undergraduate Pathways (Level 4 and 5) Business, Undergraduate Pathways (Level 4 and 5) Computing, CMI Level 7 Qualifications in Strategic Management and Leadership Practice, Chartered Manager Status with Level 7 Diploma in Business Management, Level 7 Diploma in Business Management classroom block Teaching, International sustainability and corporate social responsibility (CSR), Managing International Business through co-operative strategies, Implementing Organisational Change Strategies, Reviewing Organisational Strategy Plans and Performance. There are three papers introducing the core elements of accounting and laying out the basic knowledge needed for further study at higher levels. You can complete this level in 12 to 18 months. So, we may see the qualifications as being complementary rather than in competition with each other. ACCA is ideal if youre looking to progress your career and become a chartered accountant, or work in an accountancy, audit or tax firm. The ACCA Options* include four papers that build on knowledge learnt at the skills level. Prospectus (19), Accountancy & Finance WebACCA qualification is made up of three levels: Applied Knowledge Applied Skills Strategic Professional Other ACCA courses Foundations ACCA Oxford Brookes BSc (Hons) in Applied Accounting 90k+ Salary within 5 years 96% Of employers think acca is a respected qualification 3 yrs Average time to complete 178 Countries ACCA operates in (3), Risk & Compliance (5), Finance Manager If you have two A Levels and three GCSEs, in five separate subjects including English and Maths, you can start studying ACCA. Upon completion and passing the examination of Recording Financial Transactions (FA1) and Management Information (MA1), a certificate of ACCA Diploma in Financial and Management Accounting (RQF Level 2) will be awarded by ACCA Global. AAT students pass first time in a Classroom. The UKs Regulated Qualifications Framework (RQF) categorises qualifications in England based on their size, and their level of challenge or difficulty. It provides you with a powerful combination of qualifications, which can help you climb the career ladder quicker, open avenues to more career paths and give you a greater depth of finance and business knowledge. Email: info@iqualifyuk.com (4), Junior Accountant There is no degree that is equivalent to the ACCA qualification. That is the entire point of the qualification. The best you could get from any deg Special projects as requested. Short courses in bookkeeping skills include: TheAAT Foundation Certificatehelps students acquire a broad range of knowledge in fundamental accountancy principles. Language Proficiency: IELTS 5.5 and above; or at least C6 in O level English; or pass SCI placement test. As such, the exams extend to a higher academic level that the AAT. This qualification, typically, takes six to 12 months to complete. The BSc can be completed entirely online, allowing you to work around your commitments. You must be logged in to reply to this topic. We also use third-party cookies that help us analyze and understand how you use this website. The Foundation Certificate in Accountingis equivalent to GCSE level of study. (2), Trinidad and Tobago Furthermore, the AAT exams focus on doing relatively simple transactions well. Registered in England and Wales. ACCA is a professional certification amd not a degree. This ends the answer to your question. However, it is widely recognized as an accepted quali Year of completing ACCA and the OBU degree:2015. (2), Grenada (4), St. Michael Most people can complete this level in 12 to 18 months. Our capabilities go beyond HVAC ductwork fabrication, inquire about other specialty items you may need and we will be happy to try and accommodate your needs. (3), San Fernando The Advanced Diploma in Accountingis roughly equivalent to A Level study. This is why employers are often very keen to employ AAT students as the skills that they learn are directly linked to the needs of the company. That's because the ACCA Qualification Applied Knowledge and Applied skills exams are considered equal to bachelor degree level. https://www.lsbf.org.uk/blog/online-learning/what-is-aat-and-what-their-levels-are-equivalent-to. But overall, ACCA isnt a conventional degree. What is the difference between online learning, distance learning and blended learning? You can start studying ACCA direct from school, given you have the appropriate qualifications. But opting out of some of these cookies may affect your browsing experience. ACCA is globally recognised as one of the most popular accounting qualifications in the world. ACCA Diploma in Financial and Management Accounting (RQF Level 2) 2. These include how to prepare a trial balance, costing, how to use accountancy software and double-entry bookkeeping. The qualifications can be used to develop recruits from secondary schools or to encourage those already working in accounts support roles to obtain formal recognition of their abilities. WebThe professional level is considered equivalent to a masters degree. You can get exemptions from the various accounting bodies based on subjects from business, accounting, finance, IT/IS/computing, economics, maths and law degrees. Students will already be familiar with crucial and complex accounting techniques, advanced bookkeeping, financial processes and procedures, ethical obligations and practices for accountants, including preparation of final accounts. Its made up of three levels - Foundation, Advanced and Professional. To prepare the students for the Diploma in Accounting and Business examinations conducted by ACCA, a globally recognised qualification-awarding body in Accountancy. (28), Port-of-Spain TheAdvanced Diplomaqualification helps students build on the knowledge they acquired in the Foundation Certificate. This means that during the qualification you will learn the detail needed to perform accounting tasks in keeping books, preparing financial statements, managing tax issues and more. I was lucky enough to become the graduate speaker at my regional graduation too. Entry level 3 is the most difficult. What will the role of the CFO look like in the future? It comprises three modules, upon completion and passing examinations of the required modules, you will be eligible to pursue the ACCA Qualification with exemptions from F1-F3 exams. By completing all six subjects in this Applied Skills, you'll gain the knowledge equivalent of a Bachelor's degree. We can fabricate your order with precision and in half the time. ACCA-qualified professionals are recognised worldwide, making it easier for them to acquire jobs with top accountancy firms and other organisations. (3), Governance The AAT qualification is the start of an accountancy career for anyone without any previous experience. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Apprenticeships, 14 to 19 education and training for work, View a printable version of the whole guide, entry level English for speakers of other languages (, GCSE - grades 3, 2, 1 or grades D, E, F, G, level 1 national vocational qualification (, GCSE - grades 9, 8, 7, 6, 5, 4 or grades A*, A, B, C, degree with honours - for example bachelor of the arts (, integrated masters degree, for example master of engineering (, masters degree, for example master of arts (, doctorate, for example doctor of philosophy (. You dont need any prior experience to study AAT Foundation - but you do need good maths, IT and English skills. AAT has a skillcheck testyou can do to see which level of AAT to start at. Face to face learning, at a centre convenient to you. All units on the RQF are awarded a credit number. WebFoundation Level ACCA Diploma in Financial and Management Accounting (RQF Level 2 equivalent to GSCE and Irish NFQ Level 4) This ACCA diploma is awarded on the completion of exams (For course details: Click here) Recording Financial Transactions (FA1) Management Information (MA1) What is an AAT qualification equivalent to? There are tons of professional accounting certifications. ACCA and CPA are the most well-known because, ACCA is the UK certification and CPA is the The ACCA qualification leads towards full professional status and can be pursued after leaving school, given certain minimum qualifications are met or it is open access at mature entry. Think of qualifications in a mathematical table or graph with size on one axis and level on the other. (3), Accounting Associate Policies and Procedures: Admissions, Complaints & Attendance, International Telematic University UNINETTUNO, Postgraduate Certificate Programmes and Diplomas, Executive miniLLM in International Business Law, Business Administration & Project Management, Postgraduate Certificate or Diploma in Management, Postgraduate Certificate or Diploma in Finance, Postgraduate Certificate or Diploma in Marketing, ACCA + Global MBA/Master's in Finance and Investments, AAT Level 2 Foundation Certificate in Accounting, AAT Level 2 Foundation Certificate in Bookkeeping, AAT Level 3 Advance Diploma in Accounting, AAT Level 3 Advance Diploma in Bookkeeping, AAT Level 4 Professional Diploma in Accounting. This means that the student will become highly proficient at those in-demand skills. (1), Tobago (1), Chaguanas to become an accountant). (5), Accounting Officer CPE Registration: 201001911N Validity: 23 July 2020 to 22 July 2024, Partnership in Providing Educational Service, Preparatory Courses for Admission to Government School (P2-P5 & S1-S3), International High School Diploma Grade 10, International High School Diploma Grade 11, International High School Diploma Grade 12, Preparatory Course for IELTS / TOEFL / SAT, Diploma / Advanced Diploma in Professional Chinese Teaching, Diploma / Advanced Diploma in International Business Management, Diploma/ Advanced Diploma in logistics and Operations Management, Diploma / Advanced Diploma in Hospitality and Tourism Management, Preparatory Course for ACCA Foundation in Accountancy (FIA), Diploma in International Business Management (Mandarin), Diploma/ Advanced Diploma in Logistics and Operations Management, Diploma / Advanced Diploma in Hospitality and Tourism Management, Transfer, Withdrawal and Deferment Policy, External Feedback And Complaint Management System, Refund, Transfer, Withdrawal and Deferment Procedure, Preparatory Course for Admission to Government Schools ( P2-P5 & S1-S3), Corporate Training For Foreign Organisation, Application Procedures for Foreign Students, Review of previous lesson and/or assignments. Which qualification should I study for my career goals? For the best and most secure experience on this site we recommend you change your browser. The question what do the RQF levels mean is a very common one. If you think that AAT might be the qualification for you, check out our AAT pagesfor more information, including our range of different study methods to choose from. This more advanced qualification is broadly matched to a HND level or the first year of a degree programme or equivalent. Foundations begins at GCSE level and progresses up to the equivalent of the first year of a bachelor's degree. It will take only 2 minutes to fill in. It has given me the critical thinking and analytical skills necessary to break down any problem so that appropriate solutions can be recommended. It is a professional certification. (54), See description We have proven pass rates up to 100%* across multiple subjects and were the UKs largest accountancy training provider, with over 45,000 students training with us each year. Youll learn the basic principles of accountancy, such as double-entry bookkeeping, costing and preparing financial statements, as well as how to use accountancy software. If you have a higher academic starting point, you may decide to go straight on to ACCA studies. (2), D'Martin/Chaguaramas AAT qualifications are a great way of enhancing your existing knowledge in accountancy and building on the skills required for a successful career in accountancy Using computers to carry, The CFO role is often thought of as being largely preoccupied with numbers and data, but in the last few, Wondering what accountancy is really like as a career? You must choose two papers depending on what you are interested in studying and perhaps reflecting your future career choice. Having a BSc in tandem with your ACCA Qualification can give you the edge over other professionals. (1), Transport, Shipping, Warehousing & Automotive One credit equals very roughly around ten learning hours. Face to face learning, at a centre convenient to you. Thus for UK qualifications: This means you can have various permutations of size and level. AAT vs ACCA How to choose an accountancy qualification? This program is to prepare candidates who wish to be awarded the ACCA Diploma in Financial and Management Accounting (RQF Level 3) to pass both the FA2 and MA2 examinations and successfully complete the Foundations in Professionalism module. Our tutors are subject specialists that teach It has more levels than the RQF. (2), Temporary full-time It has a presence in over 90 countries and has more than 120,000 members. We also use cookies set by other sites to help us deliver content from their services. The Total Qualification Time is assigned by the Awarding Organisation and is an estimate of the number of hours a student will reasonably be likely to spend under guided learning under the supervision of a tutor, plus the time spent in preparation, study or any other activity, including assessment, which takes place but isnt under the immediate guidance or supervision of a tutor. It covers the basic principles of accountancy, and is your starting point if youve never studied accountancy before. Accounting has always been a field thats associated with piles of paperwork, spreadsheet and staggering numbers. (2), East Caribbean There are no minimum entry requirements, but we recommend you start at the introductory level if its been a while since you last studied. This cookie is set by GDPR Cookie Consent plugin. WebACCA + Global MBA/Master in Finance and Investments Gain the focused accountancy skills of an ACCA qualification, and add the broader business and leadership expertise of a postgraduate degree. Spring College International was established in 2001. (4), Internal Audit The Association of Chartered Certified Accountants (ACCA) is a globally recognised accountancy body with a presence in over 52 countries and more than 208,000 qualified members to its credit. It depends very much on the current academic status of the individual and their eventual goal. ", "Very reliable company and very fast. It takes around one year to complete the higher level subjects, if you start from the Diploma in Financial and Management Accounting (Level 2), and there is no time limit to how long it takes you to pass. (3), Internal Audit & Risk The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The AAT Foundation Certificate helps students acquire a broad range of knowledge in fundamental accountancy principles. You can only do Professional if you have passed the Advanced level. When looking at ACCA, a whole different level of commitment is required. (4), Account Management (1), St. Peter Kaplan Financial Limited. (13), Contract It is also quite common to start the ACCA qualification after university. In total, it takes around five years to become ACCA qualified. The ACCA Foundation in Accountancy (ACCA FIA) is a course for those looking to pursue a career in the accounting and finance profession as well as aspiring graduates desiring to further their careers in the field of accountancy by obtaining a qualification awarded by ACCA, a globally recognised professional accountancy body. The cookies is used to store the user consent for the cookies in the category "Necessary". Head Office: 11 Selsdon Way, London, E14 9GL Combine your professional achievements with a Research and Analysis Project (RAP) to gain a Bachelor's degree from a leading UK university. That being said, the amount of studying required for AAT is less than that required by someone studying ACCA. Hi Nadia I pretty much agree with the comments from the other people who have responded to your answer. If your intention is to teach accounting at The Professional Diploma in Accountingis equivalent to an HNC level qualification, or the first year of a university degree. WebThe AAT qualification also touches on some of the course content from year 2 of the ACCA course, which can help ease you into your ACCA studies. Award winning, flexible, online study option so you can study when it suits you best. As I pursue a career in full-time lecturing, the OBU degree gave me a chance to become a professional equipped with a holistic understanding in both finance and research, where I can confidently impart this knowledge to many others. AAT is comprised of three accounting qualifications: Foundation Certificate, Advanced Diploma and Professional Diploma. WebStudents are awarded an ACCA Diploma in Financial and Management Accounting (RQF Level 2) when they have successfully completed exams FA1 and MA1 (at least one of which must have been sat and passed), plus completion of Foundations in Professionalism. These are taken at one of four sittings spread throughout the year and it is normal for a student to take one paper per sitting. Upon completion and passing the examination of Maintaining Financial Records (FA2) and Managing Costs and Finance (MA2), a certificate of ACCA Diploma in Financial and Management Accounting (RQF Level 3) will be awarded by ACCA Global. Youll learn about budgeting, management accounting, preparing financial statements, accounting systems, and tax. After being chartered for five or more years you could look forward to leadership roles as a director, partner, head of finance or Chief Finance Officer. Students who have obtained the AAT Professional Diploma can work in the capacity of tax manager, finance analyst, accountancy consultant or forensic accountant. Structured, interactive study method with live lectures from our expert tutors. The AAT qualification is perfect in that instance and, as stated earlier, it is highly sought after by employers. Salah Ad Din Al Ayyubi Rd The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". (1), St. John Please note, that this is just an approximate idea of the levels and not an exact equivalence. (1), Science, Pharmaceutical & Food The levels were the same and qualifications were described as an Award, Certificate or Diploma, but the qualifications on the QCF were also allocated a Total Qualification Time when they were transfered on to the RQF (which was completed by December 2017). (4), Accounting It has more levels than the RQF. The benefits of gaining additional academic degrees to complement your ACCA Qualification are plain to see. It greatly improves your employability, making you more attractive to employers, managers and business owners. (8), Account Assistant This cookie is set by GDPR Cookie Consent plugin. You can complete Applied Knowledge in six to 12 months. Current Profession:Full-time lecturer for ACCA at a platinum status tuition provider in Sri Lanka. ACCA Diploma in Accounting and Business (RQF Level 4) 4. Foundation Certificate in Bookkeeping (Level 2, CIB); Foundation Award in Accounting Software (Level 2, AIAS); Advanced Certificate in Bookkeeping (Level 3, CIB). This program is to prepare candidates who wish to be awarded the ACCA Diploma in Financial and Management Accounting (RQF Level 2) to pass both the FA1 and MA1 examinations and successfully complete the Foundations in Professionalism module. (1), Tunapuna/Piarco Necessary cookies are absolutely essential for the website to function properly. While you're part-qualified, you'll typically work as an associate or an accounts clerk, and earn around 23,000. The AAT papers are straightforward and if you do the work you will expect to pass them with some ease. By clicking Accept All, you consent to the use of ALL the cookies. The qualifications can be used to develop recruits from secondary schools or to encourage those already working in accounts support roles to obtain formal recognition of their abilities. 179-191 Borough High Street, London SE1 1HR. The choice will be highly dependent on your starting point. Cert No: EDU-2-2111 You will need to have passed AAT Foundation or you may be exempt from Foundation if you have relevant work experience, or A Levels. Therefore, it's double Bachelors degree The cookie is used to store the user consent for the cookies in the category "Performance". All you need to do is sign up, and youll have access to some of the real study materials our students work with. WebEntry level. Our shop is equipped to fabricate custom duct transitions, elbows, offsets and more, quickly and accurately with our plasma cutting system. ACCA Diploma in Financial and Management Accounting (RQF Level 3) is For example, while a Level 3 Award would be more challenging or difficult than a Level 2 Certificate, it would also be smaller, and so potentially take less time to complete as a result. (5), St. James Upon completion and passing the examination of Foundation in Business and Technology (FBT), Foundation in Management Accounting (FMA) and Foundation in Financial Accounting (FFA), a certificate of ACCA Diploma in Accounting and Business (RQF Level 4) will be awarded by ACCA Global. Lets have a look at each qualification in detail: The Association of Accounting Technicians (AAT) is one of the leading accounting bodies in the UK. If you have two A Levels and three GCSEs in five separate subjects including English and maths (or equivalent qualifications), you can start your studies at the ACCA Qualification, which is ranked at Masters level and on completion youll become an ACCA member, notes the Association. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Only available with AAT, ACCA, CIMA. If you want to progress further, you can study ACCA Applied Skills. For further information, please click into the link: Preparatory Course for ACCA FIA Diploma in Financial and Management Accounting (RQF Level 2), Preparatory Course for ACCA FIA Diploma in Financial and Management Accounting (RQF Level 3), Preparatory Course for ACCA FIA Diploma in Accounting and Business (RQF Level 4), 2016 Spring College International. The course includes topics such as taxation, accounting systems, preparation of financial statements, management accounting and budgeting. WebACCA FOUNDATION LEVEL The Foundation-level consists of the following seven qualifications: 1. ACCA is a professional accounting qualification which leads you to become a Chartered Certified Accountant with full professional status.