ACCA –The Association of Chartered Certified Accountants is the globally recognized body for accountants. Persons holding the ACCA professional qualification work or practice as Accountants, Auditors and Finance Managers. The course is divided into two levels- Fundamentals and Professional.Cornerstone Training Institute is a Gold status ACCA accredited training institution and prides in its large number of successful graduates making notable contribution in private and public service as accountants and finance professionals
Fundamentals Level (nine papers in total)
This is divided into the 3 knowledge and 6 skills modules
Knowledge module
This consists of three papers and is designed to test understanding of the basic principles of accounting, the role of financial information and the key managerial issues.
F1-Accountant in Business (AB)
F2-Management Accounting (MA)
F3-Financial Accounting (FA)
Skills Module
This consists of six papers and covers all the core technical skills which finance professionals should possess, regardless of where they work. It also develops students understanding of the legal framework in which businesses operate and reinforces students’ financial skills.They are:
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)
Professional
These concentrate on the key aspects of the accountant’s role in the strategic management of business. The focus is on testing a students’ to evaluate information within a professional ethical framework.
P1-Governance Risk and Ethics (GRE)
P2-Corporate Reporting (CR)
P3-Business Analysis (BA)
Options (two to be completed)
P4-Advanced Financial Management. (AFM)
- P5- Advanced Performance Management (APM)
P6-Advanced Taxation (ATX)
P7- Advanced Audit and Assurance (AAA)
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ACCA exam Dates :March, June, September, December
ACCA REGISTRATION AND EXAMINATION FEES ( Year 2017)
Initial registration 85 pounds for Kenyan candidates(i.e 32 pounds registration plus 43 pounds Standard annual subscription (paid at once)
Exemption fees : now 36 pounds for knowledge ,45 pounds for skills exams
Exam Fees per unit for March 2017
| Level | STANDARD 30 Jan | LATE 6 feb | |
|---|---|---|---|
| Level 1 | Fundamentals F1,F2,F3 | 76 pounds | 231 pounds |
| Skills F4,F5,F6,F7,F8,F9 | 102 pounds | 261 pounds | |
| Level 2 | Professional 5 units from (P1-P7) | 128 pounds | 289 pounds |
Exam Fees per unit for June 2017
| Level | Early 13 FEB | STANDARD 1 may | |
|---|---|---|---|
| Level 1 | Fundamentals F1,F2,F3 | 97 pounds | 102 pounds |
| Skills F4 to F9 | 97 pounds | 102 pounds | |
| Level 2 | Professional | 121 pounds | 128 pounds |