ACCA Model Clause Samples

ACCA Model. There are 16 Modules in ACCA professional Accountancy qualification broken down into Fundamental and Professional Levels. Fundamental level comprises FI to F9 (further broken down into F1 to F3 and then F4 to F9 similar to ICAN Foundation and Skills levels) while the Professional level comprises P1 to P7 (see appendix 2 for details of all Modules in ACCA professional exam). Exemption by ACCA is granted only at Fundamental level and is done on an institution by institution basis to tertiary institutions globally with some given 4 papers, 5 papers, 6 papers and up to 7 papers. Then, there is also the extended exemption whereby, full exemption is given for the entire 9 Modules in Fundamental Level to selected institutions. This allows their graduates to proceed straight to the final Professional level. In order to ascertain the number of Modules (subjects) exemptions granted to each institution by ACCA, visit: Typing in the name of any institution, one can see the number of exemptions such institution is granted. Appendix 3 contains an example of search result for a typical tertiary institution that enjoys the 9-Module (subjects) exemptions some of which include: Manchester Metropolitan University Oxford ▇▇▇▇▇▇ University University of Salford Leeds Metropolitan Birmingham City University University of Liverpool University of Hertfordshire Incidentally, some universities that are granted the 12-Module exemptions in their BSc Accounting programmes by ICAEW may not enjoy up to 9-Module exemptions in ACCA. For example, Henley Business School, University of Reading Accounting and Finance degree programme that enjoys 12-Modules exemption from ICAEW has only 5-Module exemption from ACCA. Another observation is that most universities that enjoy ACCA maximum exemptions are mostly former polytechnics in UK turned universities. Most first generation universities do not enjoy much exemption as those polytechnics turned universities. For example, University of Nottingham, a top rated university, does not enjoy the maximum 9-paper exemption whereas, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ University, a former polytechnic does. Incidentally, Oxford University, Cambridge and Royal ▇▇▇▇▇▇▇▇ College do not appear in the search, meaning no exemptions for their accounting programme while, Durham University another top rated university does not enjoy up to 9 exemptions. The lesson is that mutual cooperation agreement of these professional accountancy bodies with tertiary institutions is dependent upon...