Is Acca a degree?

Firstly, ACCA is an acronym for Association of Chartered Certified Accountant. It is neither a degree nor a masters qualification, instead ACCA is a professional course with professional qualification (in my words, it’s between master and degree or some would say it’s close to a masters). 

Who is Acca? 
ACCA (the Association of Chartered Certified Accountants) is the largest and fastestgrowing global professional accountancy body with 296,000 students and 115,000 members in 170 countries. We aim to offer the first choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. ACCA works to achieve and promote the highest professional, ethical and governance standards and advance the public interest. 

From http://www.accaglobal.com

Many times have i been asked ‘how many semester to go?’ or ‘how long is your course?’.  I had to give my head a little kick before answering cause(Acca intro):

1. To graduate from Acca, you will need to pass 14 papers (passing mark is 50% for all papers). 

2. ONE semester is from Jan-June and July-Dec, therefore there’s TWO semester in a year

3. Exams are ALWAYS early of June & Dec, the first two weeks. (this June, my exams are on 8th, 9th & 10th June)

4. In A semester, the maximum papers a student able to sit is FOUR. ( I have been taking 3papers every semester for the past two years)

Back to the question, how long is the course? 

It depends on how many papers you sit per semester. 

If you want to have a decent average human life, take 2 papers. (3.5 years)

If you are as mad as i am, take 3 papers (2.5 years) & complain day in and out about how no life Acca is (exclude the comparison with working life). 

If you have no life, 4 papers can practically torture you & suck your life or living soul our of YOU. 

What happens if i fail? 

resit the next semester. Every student has a maximum of 10years to complete Acca. If you don’t, well, maybe accounting is not your cup of tea. 

What are the 14 papers?

Acca consist of 4 modules: (F for fundamental, P for Professional – two Levels)

  • Knowledge module – F1, F2, F3 (exempted if graduate from CAT – Certified Accounting Technician)
  • Skills module – F4, F5, F6, F7, F8. F9
  • Essential module – P1, P2, P3
  • Skills module – P4, P5, P6, P7  (Choose two out of four)

When and how results are out? 

Results are out every mid 2nd month of the semester (Feb and Aug). For Dec 2008 results, it was out on 16th February 2009.  

How did i do? 

well,  so far, with lots of luck & blessing, i manage to pass till Fundamental level marginally aka bad marks, lowsy marks. Currently, i am doing P1, P2 & P3.

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