Programme Brief

The Foundations in Accountancy (FIA) offers a range of entry-level awards, such as:

  • Introductory Certificate in Financial and Management Accounting
  • Intermediate Certificate in Financial and Management Accounting
  • Diploma in Accounting and Business
  • Certified Accounting Technician (CAT) Qualification

FIA Full-Time Schedule (3 Month Semester)

FIA Full-Time Schedule (3 Month Semester)

FIA Full-Time Schedule (9 Month Semester)

These awards focus on the core skills of financial and management accounting, which provides students with flexible entry points with certification awarded at each level of the FIA programme, allowing students to tailor the awards, and making them an attractive and relevant choice for employers. FIA provides greater access to the ACCA Qualification and aims to satisfy the needs of employers by allowing individuals to choose from a range of qualifications.


  • one and a half to two years
  • Champs Fleurs

To gain entry into the programme, one must:

  • be 16 years of age and over;
  • have a strong will to learn.

The FIA programme allows prospective students to select the most appropriate entry route and progress to additional qualifications, based on their previous qualifications, experience and future aspirations. With this in mind, ACCA has set two entry routes to the FIA as follows:

 

Route 1: No formal academic qualifications  

Students with no formal academic education can register to take exams at any level within the F.I.A. There is no requirement to complete the Introductory Certificate in Financial and Management Accounting or the Intermediate Certificate in Financial and Management Accounting prior to completing the Diploma in Accounting and Business, although students are strongly recommended to do so by the ACCA. The mature student entry route (MSER) to enter the ACCA Professional Qualification has been disbanded by ACCA since students can start studying the FIA at any level, including the Diploma in Accounting and Business, which is equivalent to the Knowledge exams of the Fundamentals Level.

 

Route 2: Meeting the minimum entry requirement for the ACCA Qualification  

Students who meet the minimum academic entry requirements to commence the ACCA Qualification can either register for the ACCA Qualification and commence their studies at the Knowledge Module with F1, F2 and F3; or register on the FIA and complete the Introductory and Intermediate Certificates in Financial and Management Accounting if they prefer to take this route initially, in order to obtain additional certificates before commencing their studies on the ACCA Professional Qualification.

SBCS also strongly recommends that FIA students start from the Introductory and Intermediate Certificates in order to obtain a solid foundation for the Diploma Papers which are now the same papers comprising the Knowledge Exams of the Fundamentals level of the ACCA Professional Qualification.

 

English and Mathematics Self-check modules

In order to assist prospective students in gauging their general level of ability in English and Mathematics, ACCA has developed optional self check modules in both English and Mathematics. Needless to say if performances in these modules are weak, a prospective student should take heed and start from the Introductory Certificate to ensure smooth progress through the FIA. These two Modules are free of charge, optional and easily accessible from the ACCA website at www.accaglobal.com using the following link: ACCA’s Virtual Learning Centre .

ACCA’s local office is located at:

100a Eastern Main Road,
Ground Floor,
Champ Fleurs
Phone Number: 662-4777
Email:                info@wi.accaglobal.com

 

ACCA (UK)

ACCA Connect, located at ACCA’s Glasgow office in the UK, now provides a personal response to enquiries six days a week, Sunday to Friday. It also acts as the first point of contact for most people calling ACCA.

 

ACCA Connect
2 Central Quay
89 Hydepark Street
Glasgow
United Kingdom
G3 8BW

 

General Enquires: info@accaglobal.com
Student Enquires: students@accaglobal.com
tel: +44 (0)141 582 2000
fax: +44 (0)141 582 2222

 

The Institute of Chartered Accountants of Trinidad and Tobago (ICATT)

ICATT
2nd Floor
Professional Centre Building,
11 – 13 Fitzblackman Drive,
Wrightson Road Extension,
Port of Spain.

 

Phone Numbers: 623-8000, 623-0176 or 625-1954
Email:                  icatt@tstt.net.tt
Website:              http://www.icatt.org

 

SBCS’ Accountancy Training and Education Centre (ATEC) Team consists of:

 

Ms. Malini Bridglalsingh – Manager

Ms. Melissa Edwards     – Senior Course Administrator

Mr. Adrian Devett           – Course Administrator I

This team is committed to providing you, our students, with prompt and efficient support for your programme, which you as an SBCS student deserve.  We can be contacted at 663-7227 Ext: 1010 – 1013.  However, we encourage you to contact us via e-mail (atec@sbcs.edu.tt), if you are unable to contact us via phone.

Programme Content

Foundations In Accountancy (FIA) consists of a suite of awards, including Certificates, Diplomas and a revised Certified Accounting Technician (CAT) Qualification. These flexible awards focus on the core skills of financial accounting and management accounting; and the wider role of the accountant in business at higher levels. The range of awards means that employers can pick the level of qualification which most appropriately meets their business needs. In addition, it provides students with flexible entry points with certification awarded at each level. This allows students to tailor the awards, making them an attractive and relevant choice for employers.

 

Course Outline

  • Introductory Certificate in Financial and Management Accounting
    • FA1       – Recording Financial Transactions Paper     
    • MA1      – Management Information    
  • Intermediate Certificate in Financial and Management Accounting
    • FA2       – Maintaining Financial Records Paper
    • MA2      – Managing Costs and Finance
  • Diploma in Accounting and Business
    • FFA       – Financial Accounting Paper
    • FMA      – Management Accounting Paper
    • FAB       – Accountant in Business

NOTE: Compulsory Module – Foundations in Professionalism (FIP): This module is a non-examinable module which must be completed once only in order to be entitled to any of the awards under the FIA programme. Upon successful completion of the Diploma papers, the FIA student will automatically be transferred to the Skills Exams of the Fundamentals level of the ACCA Professional Qualification with exemption from the Knowledge exams (papers F1, F2 and F3) unless ACCA is instructed otherwise by the student in advance.

  • Certified Accounting Technician

Any two options from the following three:

  • FTX                – Foundations in Taxation
  • FFM               – Foundations in Financial Management
  • FAU                – Foundations in Audit

NOTE: This module is no longer being offered at SBCS. Before the full Certified Accounting Technician Qualification can be awarded the student must have completed the Introductory and Intermediate Certificates in Business and Accounting or gained exemption from them based on experience or prior qualifications, the Diploma in Accounting and Business, the Foundations in Professionalism module, the one year’s relevant practical experience and the two Option Papers above.

 

Duration Of Programme

The entire programme can be completed in as short a time as one and a half to two years depending on whether the student wishes to fast track to the ACCA Qualification Programme (one and a half years) or complete the CAT certification (two years).

 

Registration Deadline

Computer Based Examinations (CBEs) are also available for Introductory, Intermediate and Diploma level papers for this programme. To attempt CBEs you must be a registered ACCA student with an ACCA registration number. ACCA normally takes approximately four (4) to six (6) weeks from the date of submission of a complete registration package to process a student’s application which must be allowed for, when doing Computer Based Exams. These papers are also done via paper based examinations.

ACCA presently provides a facility to enter for Paper Based Exams as part of the initial online registration process. Registration fee of £79.00 is payable to ACCA on completion and submission of your online registration or the written registration form together with all the necessary supporting documents. 

Also, as a result of a joint scheme relationship between ACCA and the Institute of Chartered Accountants of Trinidad and Tobago (ICATT), all Trinidad & Tobago resident students are required to become student members of ICATT upon payment of a registration fee of TT$185.63 and submission of an ICATT application form.  Foreign students who wish to sit examinations in Trinidad & Tobago are also required to join and pay this Initial Registration fee to ICATT if they are also residing in Trinidad and Tobago. Annual subscription fees are also payable to both ACCA and ICATT from the 1st January following the year of registration and every 1st January thereafter. 

NOTE: It is important to note that the first annual subscription fee will also become payable for the following year if a student initially registers between 8th November of any year and 8th May of the following year. If a student registers between 8th November, 2016 and 8th May 2017 then the first annual subscription will become due for 2017 immediately after approval of the student’s application by ACCA.

 

Computer Based Exams (CBEs)

All FIA papers can be done either paper-based or as a computer-based examinations. SBCS students preparing to sit Computer Based Examinations (CBEs) can enjoy the benefit of getting their results immediately after sitting computer based examination rather than waiting  a month and a half for paper based exam results. SBCS schedules CBEs at the end of each semester for students who are currently registered for the relevant courses within the semester. CBEs are also scheduled for every other Friday (except on public holidays, SBCS’ school holidays or SBCS’ examination weeks) for both internal and external students. For CBEs held every other Friday, SBCS requires a student to register for the examinations with the school at least one week prior to the exam date.  For the end of semester CBEs, students are required to register for the examinations at least four weeks prior to the commencement of the examination week. Students must have their ACCA Registration Numbers upon registration for any CBE. The examination fees (payable to SBCS) for each Introductory and Intermediate Paper is presently TT$650.00 and TT$800.00 for each Diploma paper.

 

Fee Information

Procedure for making Payments to ACCA and ICATT

A student can pay either by a sterling (£) bank draft drawn on a UK Bank or online by credit card via the ACCA web site. All sterling bank drafts must be made payable to the Association of Chartered Certified Accountants or “A.C.C.A.”.  Payments to ICATT can be made either by bank draft, LINX or by credit card via the ICATT website (www.icatt.org) or by deposit directly into ICATT’s bank A/C at FCB A/C# 15006099670. All bank drafts must be made payable to the Institute of Chartered Accountants of Trinidad and Tobago or “I.C.A.T.T.”. Please note that ACCA Caribbean, ICATT and SBCS are ‘no cash’ policy institutions.

 

Learning Outcomes of the FIA Programme and Career Opportunities

Foundations in Accountancy will provide even greater access to the ACCA Qualification as mentioned above and aims to satisfy the needs of employers by allowing individuals to choose from a flexible range of qualifications which will help them develop the relevant technical knowledge and practical skills required to perform accounting technician roles at various levels. FIA qualified accounting technicians can be found in Industry, Commerce, Professional firms, Government and Private Practice as Accounts supervisors, Assistant Accountants and Accounts Executives/Clerks.