Wednesday, 19 January 2011

Foundations in Accountancy (FIA)

The ACCA is introducing a new exam and qualification scheme for CAT this year under this new title. Awards are made at each level.
New Scheme
Introductory Certificate in Financial& Management Accounting
Recording Financial Transactions (FA1)
Management Information (MA1)
Intermediate Certificate in Financial & Management Accounting
Maintaining Financial Records (FA2)
Managing Costs & Finance (MA2)
Diploma in Accounting & Business
Four above papers plus
Accounting in Business (FAB)
Management Accounting (FMA)
Financial Accounting (FFA)
Certified Accounting Technician
Diploma in Accounting & Business plus 2 of three optional papers and 1 year's practical experience
In addition candidates will take a free online paper (once only) on professionalism & ethics
The ACCA is accepting registrations for the new scheme from January 2011 for a first exam in December 2011. Newly registered students will be permitted to take some CB exams from Feb-Nov 2011.
Transitional Arrangements
Existing CAT students will transfer to FIA in August 2011, depending on their June 2011 exam result.
Revised Courses
We are reviewing the new scheme subject syllabuses. Please contact me for the latest information.