The Foundations in Accountancy (FIA) offers a range of entry-level awards, such as:
- ACCA Diploma in Financial and Management Accounting (RQF Level 2)
- ACCA Diploma in Financial and Management Accounting (RQF Level 3)
- ACCA Diploma in Accounting and Business (RQF Level 4)
These awards focus on the core skills of financial and management accounting, which provide 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.
On successful completion of the Diploma in Accounting and Business exams, students can automatically be transferred onto the ACCA Qualification, free of charge, and will be exempted from the first three exams of the ACCA Qualification (AB- Accountant in Business, MA - Management Accounting, and FA - Financial Accounting).
July - December 2020 Online Semester Schedule for FIA
Collect more Certifications along your journey towards ACCA Membership!
Gain a Diploma in Accounting and Business when you pass the first three exams of the ACCA Qualification Applied Knowledge modules (AB, MA and FA), and the Foundations in Professionalism (FIP) ethics module.
An Advanced Diploma in Accounting and Business can also be achieved by successfully completing all exams in the ACCA Applied Knowledge and ACCA Applied Skills exams (AB – FM) of the ACCA programme and the Ethics and Professional Skills module.
Completion of the Advanced Diploma and successful completion of the Strategic Professional exams (SBL - Strategic Business Leader, SBR - Strategic Business Reporting and two option modules) will allow you to become an ACCA affiliate.
As part of your journey to become a qualified ACCA member, you will be required to complete the Ethics and Professional Skills Module which supplements your technical knowledge of the programme by helping to develop ethical and professional behaviours. You must also demonstrate relevant skills and experience within a real work environment. This is what the PER (Practical Experience Requirement) is all about.
Get a BSc (Hons) degree in Applied Accounting at the same time as becoming a qualified accountant through ACCA’s partnership with Oxford Brookes University (OBU). This is the perfect way to gain an extra qualification without doubling your workload. Having this degree with an ACCA qualification is a powerful combination of qualifications, which puts you in demand with employers, and increases your career prospects.
To achieve this, you need to:
- Pass your ACCA Qualification exams
- Pass the Ethics and Professional Skills Module
- Submit a research and analysis project.
Expand your potential; go beyond ACCA!
ACCA members can seamlessly progress to one of our Edinburgh Business School, Heriot-Watt University MBA or MSc programmes, which we have been offering for over 24 years.
ACCA members can gain a fast-track entry through free-of-charge credit transfer and exemption when they matriculate for the MSc in Financial Management or the MBA programme offered by Edinburgh Business School, Heriot-Watt University.
Entitlement to credit transfer or exemption will be assessed on an individual basis. A maximum of four exemptions from the nine-module programme may be available.
Don't just take our word for it; read what our graduates have to say about pursuing ACCA at SBCS!
- one and a half to two years
- Champs Fleurs, San Fernando
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 ACCA Diploma in Financial and Management Accounting (RQF Level 2) or the ACCA Diploma in Financial and Management Accounting (RQF Level 3) prior to completing the ACCA Diploma in Accounting and Business (RQF Level 4), 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 ACCA Diploma in Accounting and Business (RQF Level 4), which is equivalent to the Applied 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 Applied Knowledge Modules with AB, MA and FA; or register on the FIA and complete the ACCA Diplomas in Financial and Management Accounting (RQF Levels 2 & 3) 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 ACCA Diplomas in Financial and Management Accounting (RQF Level 2 & 3) in order to obtain a solid foundation for the ACCA Diploma in Accounting and Business modules which are now the same modules comprising the Applied 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 ACCA Diploma in Financial and Management Accounting (RQF Level 2) 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 Caribbean’s Local Office is located at:
Level 1 Savannah East,
Queens Park East,
Port of Spain
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.
110 Queen Street,
G1 3BX United Kingdom
The Institute of Chartered Accountants of Trinidad and Tobago (ICATT)
Professional Centre Building,
11 – 13 Fitzblackman Drive,
Wrightson Road Extension,
Port of Spain.
SBCS’ Accountancy Training and Education Centre (ATEC) Team consists of:
- Ms. Malini Bridglalsingh – Manager
- Ms. Melissa Edwards – Senior Course Administrator
- Ms. Narina Alexander – Assistant Course Administrator
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 (firstname.lastname@example.org), if you are unable to contact us via phone.
Foundations In Accountancy (FIA) consists of three (3) levels of Diplomas and a revised Certified Accounting Technician (CAT) Qualification. These Diplomas 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 diplomas 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.
- ACCA Diploma in Financial and Management (RQF Level 2)
- FA1 – Recording Financial Transactions Paper
- MA1 – Management Information
- ACCA Diploma in Financial and Management (RQF Level 2)
- FA2 – Maintaining Financial Records Paper
- MA2 – Managing Costs and Finance
- ACCA Diploma in Accounting and Business (RQF Level 4)
- FAB – Accountant in Business
- FMA – Management Accounting
- FFA – Financial Accounting
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 ACCA Diploma in Accounting and Business (RQF Level 4) modules, the FIA student will automatically be transferred to the Applied Skills Exams of the Fundamentals level of the ACCA Professional Qualification with exemption from the Knowledge exams (papers AB, MA and FA) 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 ACCA Diplomas in Financial and Management Accounting (RQF Level 2 & 3) or gained exemption from them based on experience or prior qualifications, the ACCA Diploma in Accounting and Business (RQF Level 4), the Foundations in Professionalism (FIP) 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).
Computer Based Examinations (CBEs) are also available for ACCA Diplomas in Financial & Management Accounting (RQF Levels 2& 3) and ACCA Diploma in Accounting and Business 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.
Registration fee of £79.00 is payable to ACCA on completion and submission of your online 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, 2018 and 8th May 2019 then the first annual subscription will become due for 2019 immediately after approval of the student’s application by ACCA.
Computer Based Exams (CBEs)
All FIA papers are examined 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. 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 ACCA Diploma in Financial and Management Accounting (RQF Level 2 & 3) paper/ module is presently TT$650.00 and TT$850.00 for each ACCA Diploma in Accounting and Business (RQF Level 4) paper.
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.
***ICATT will accept the payments of fees on behalf of ACCA.***
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.