Acca

sharon

Does anyone know how many ACCA papers are you excempt from when you get the AAT Qualification? and which ones they might be?:glare:

Lilibet

AAT gives you exemptions from the first three papers - F1, F2 and F3.

Esme

How long would it take to complete the ACCA if you are fully AAT qualified? Is the ACA fast track a quicker route to becomming a chartered accountant?

jorja1986

From what I have heard at least 3years. I know one person who took 7 because the workload of study is completely different to anything experienced before.

mehmet

Esme wrote: »

How long would it take to complete the ACCA if you are fully AAT qualified? Is the ACA fast track a quicker route to becomming a chartered accountant?

Rather than looking at them in terms of time, it's probably easier to comprehend if you look at the papers you'd have to sit.

If you were to do the ACCA from the start you'd sit the following modules:
FUNDAMENTALS (nine papers in total)
Knowledge
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
Skills
F4 Corporate and Business Law
F5 Performance Management
F6 Taxation
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management

PROFESSIONAL (five papers in total)
Essentials
P1 Professional Accountant
P2 Corporate Reporting
P3 Business Analysis
Options (two to be completed)
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit and Assurance

As mentioned above, completion of the AAT qualification gives you exemption of F1, F2 and F3, which would leave you 11 modules to pass.

If you were to do the ICAEW (ACA) qualification from the start you'd do the following modules:
PROFESSIONAL STAGE
Knowledge
Business and Finance
Management Information
Accounting
Law
Assurance
Principles of Taxation

Application
Business Strategy
Financial Management
Financial Accounting
Financial Reporting
Audit and Assurance
Taxation

ADVANCED STAGE
Technical Integration-Business Reporting
Technical Integration-Business Change
Case Study

Under the AAT-ACA fast track, The AAT Accounting Qualification automatically entitles students to credit for the Business and Finance and Management Information knowledge modules.
If you passed Drafting Financial Statements (accounting practice, industry and commerce), you get credit for the Accounting knowledge module, and you can sit a top-up paper for the Financial Accounting application module.
If you passed Implementing Audit Procedures you get credit for the Assurance knowledge module.
If you passed both Preparing Business Taxation Computations and Preparing Personal Taxation Computations you get credit for the Principles of Taxation knowledge module.