Hello, I want to know about ACCA course in UK.?

Question

I have completed B.com from Guj Uni. in 2006 now i want to go for professional course like ACCA. I have 49% of marks in B.com.

Answer 1

Extract from site: (for you)
http://www.accaglobal.com/documents/new_qualification_explained.pdf


FAQs
why is acca changing its professional scheme
qualification?
The accounting profession is constantly evolving. It is
therefore essential that ACCA regularly refreshes its
qualification to ensure it meets the needs of employers
and the regulatory landscape and maintains its position
as the world’s leading provider of qualifications for the
development of accountants and finance professionals.
will the content of the syllabus remain similar or will
there be fundamental changes?
The current qualification has proved extremely
successful in meeting the needs of our students and
members and in many areas of the syllabus, there
are no substantial changes. However, accounting is a
dynamic profession and therefore certain changes are
essential to ensure ACCA maintains and develops its
position as the world’s leading provider and equips its
members with relevant and up-to-date knowledge and
skills. The following key areas are changing:
• Corporate governance and ethics
Professional qualifications should provide
accountants with a framework of professional
values, ethics and attitudes for exercising
professional judgement and for acting in an ethical
manner that is in the best interest of the accounting
profession and society in general. The current
qualification addresses the issue of ethics and
corporate governance in all of its final level papers.
The new Paper P1, Professional Accountant (PA)
brings together these important areas, together with
risk management, for the first time in the new ACCA
Qualification.
• Finance
An understanding of the fundamental techniques
of project appraisal, raising finance and working
capital management are regarded as vital by ACCA
members. To reflect their importance, Paper F9,
Financial Management (FM) has been created in
the Fundamentals level. Specialist areas of finance
such as treasury management are regarded as more
suitable to individuals working, or aiming to work
within a corporate finance environment. Therefore,
Paper 3.7, Strategic Financial Management (SFM)
has been removed as a core paper at the final
level and replaced in the proposed new syllabus by
Options Paper P4, Advanced Financial Management
(AFM).
• Management accounting
Management accounting, including the ability to
understand cost behaviour and to budget effectively,
is viewed by ACCA members as essential for
accountants. To ensure students develop these
essential skills, two papers in the Fundamentals
level will cover these subject areas. Paper F2,
Management Accounting (MA) covers similar areas
to the current Paper 1.2, Financial Information
for Management and Paper F5, Performance
Management (PM) develops these basic principles
to look at the techniques of planning, control and
decision-making.
• Information systems
The new syllabus makes the assumption that
students are training in a computerised environment.
Each paper in the syllabus will cover the relevant
aspects of information systems and management
within their own context. Paper F1, Accountant in
Business (AB) and Paper P3, Business Analysis (BA)
will both address specific aspects of information
systems/management. Areas of knowledge relating
to information systems will also be specifically
addressed in the practical work experience
requirements.
• Managing people
Management of human resources is currently
examined in Part 1 of the qualification in Paper 1.3,
Managing People. However, very often, students
at this level do not have relevant work experience
to draw upon. Therefore, the subject of managing
people will be introduced at a later stage in the new
syllabus within Paper P3, Business Analysis (BA).
Students’ work experience requirements will also
include performance objectives relating to managing
people. Paper F1, Accountant in Business (AB)
will look more generally at the range of functions
within a business and how they operate in the wider
business environment.
How will the new acca qualification be introduced?
will it be phased in alongside the existing scheme?
The two exam syllabuses will not run together. The last
sitting of the current scheme exams will be June 2007
and the first sitting of the new exams will be December
2007. In February 2006 all registered students were
sent details on exam conversion. In August 2006 and
February 2007 exam conversion notices will be sent
to all registered students, showing their expected exam
conversion, based on results to date. In August 2007
all current students will be converted to the new ACCA
Qualification and advised of the papers they will be
required to complete on the new syllabus.
All existing students and affiliates will be required to
convert to the new practical experience requirements
(PER) by 31 December 2007. Whereas conversion
to the new exam syllabus happens automatically
for active students in mid August 2007, students
and affiliates will need to convert any competences
they have achieved under the current STR to its
equivalent under the new system. No student will be
disadvantaged by the conversion arrangements or will
have to repeat work experience already achieved. To
help students and affiliates prepare for conversion to
the new PER, an online PER conversion tool will be
available from January 2007.
How will acca support the development of learning
resources for the new programme?
Teachers’ conferences in the UK, South east Asia,
Africa and the Caribbean will be held in the run up
to the introduction of the new ACCA Qualification.
Detailed syllabuses and pilot papers will also be
available from June 2006. ACCA will work with all
the major publishers to ensure that new textbooks are
available so that teaching can start in late 2006.
why is acca increasing the focus on ethics in the
syllabus?
The current syllabus addresses the issue of ethics and
corporate governance in all of its final level papers.
However, increasing emphasis is being placed upon
these subject areas under the new ACCA Qualification
to match an increased focus on professionalism and
ethics within the accounting profession – which is
backed by strengthened codes of conduct, regulation
and legislation. For the first time, ACCA will be
adopting a unique three-pronged focus on ethics
through:
• a dedicated and holistic paper in the Professional level
• tailored practical experience requirements
• a unique online module which will present students
with challenging real-life ethical dilemmas.
will existing students have to complete the
professional ethics module?
Completing the Professional Ethics module will not be
a requirement for existing students transferring over to
the new qualification, although they will be encouraged
to complete the module. All students registering on
the new ACCA Qualification ie any students registering
or re-registering after January 2007, including CAT
students transferring over to the ACCA Qualification,
will be required to complete the ethics module.
FAQs
will joint exam schemes (Jes) still operate under the
new acca qualification?
Yes. ACCA consulted with the national accountancy
bodies in countries where it operates JES as part of the
ACCA2007 consultation process and these partnerships
will continue under the new ACCA Qualification.
is completing a degree mandatory in order to apply for
acca membership?
Based upon feedback from key stakeholders during the
consultation process, ACCA will not make completing
a degree a requirement to gaining ACCA membership.
ACCA will continue to work with Oxford Brookes
University (OBU) to offer a BSc Honours Degree in
Applied Accounting. Students will continue to be able
to obtain a degree, awarded by OBU, upon completion
of the Fundamentals level, the online Professional
Ethics module and by completing a Research and
Analysis Project. This is subject to revalidation of the
BSc degree by OBU.
ACCA will also develop academic partnerships, both at
the undergraduate and Masters level, with a range of
other prestigious universities across the world. These
will enable ACCA students and members to extract
maximum value from both their academic and ACCA
qualifications.
will open access entry opportunities be continued?
Yes. The new ACCA Qualification will continue to
provide opportunity to people of ability and application,
irrespective of their educational background or
learning environment. Therefore, the minimum entry
requirements to the ACCA Qualification remain
unchanged. Individuals must have obtained university
matriculation (two A Levels and three GCSEs in five
separate subjects including English and Mathematics),
or equivalent, before they can register as an ACCA
student. Individuals who do not meet the minimum
entry requirements and are over 21 years may register
through the Mature Student Entry Route (MSER). This
is designed for students who have the maturity and
skills to cope with the ACCA Qualification instead of
first attempting the Certified Accounting Technician
(CAT) qualification. MSER students must pass the
equivalent of Paper F2, Management Accounting and
Paper F3, Financial Accounting within two years of
registering.
will students have to sit more exams because of the
conversion to the new qualification?
No. The conversion arrangements put in place ensure
that the total assessment required of current students
will be no greater than under the current scheme. For
example, if a student has five papers to complete from
the current syllabus, they will still have five papers to
complete under the new syllabus.
How will the certified accounting technician (cat)
qualification articulate with the new acca syllabus?
Students who complete the CAT qualification will
be given exemption from the Knowledge module
– Paper F1, Accountant in Business (AB), Paper
F2, Management Accounting (MA), and Paper F3,
Financial Accounting (FA). CAT passed finalists will be
automatically transferred over to the ACCA Qualification
if they are over 17 years and opted for automatic
transfer when they initially registered on the CAT
qualification.
More inforMation
Visit www.accaglobal.com/horizon for the latest
information and developments on the new ACCA
Qualification. You can contact ACCA Connect – ACCA’s
global customer services contact centre – if you have
any queries about the ACCA Qualification, either by
e-mail [e-mail] or by telephone
[phone].