The Association of Chartered Certified Accountants (ACCA)
The Association of Chartered Certified Accountants (ACCA) offers a professional qualification, which has been recognised and respected across the world for over 100 years. ACCA is currently the largest British accountancy body with a student membership in excess of 432,000 in over 170 countries.
Rules of Progression
Students are expected to study each module (Knowledge, Skills, Essentials and Options) in order.
ACCA continues to stipulate that students can attempt a maximum of four (4) papers at any one examination sitting. These may be from different modules ONLY as long as the modules are attempted in order.
Students must pass or be exempted from all nine (9) exams in the Fundamentals Level and pass all three (3) Essentials exams and two (2) Options from four (4) in the Professional Level.
There is no need for students to sit and/or pass any of the exams together, including the three (3) Essentials exams in Professional Level.
Students may vary the order they attempt exams within each module but they may not vary the order of the modules. However, ACCA strongly recommends that papers within a module are taken in order. Students may attempt exams from different modules at the same exam sitting subject to the rules above.
The deadline for initial registration to sit Paper Based examinations has coincided with the examination fees payment deadline. ACCA presently provides a facility to enter for Paper Based Exams as part of the initial online registration process. Computer Based Examinations (CBEs) are only available for papers within the Knowledge Exams of the Fundamentals Level. 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 or the written registration form together with all the necessary supporting documents. 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$230.00 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. However, 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 November 08 of any year and May 08 of the following year. For example if a student registers between November 08, 2013 and May 08, 2014 then the first annual subscription will become due for 2014 immediately after approval of the student's application by ACCA. Foreign students who wish to sit examinations in Trinidad & Tobago are also required to register with and pay annual subscription fees to ICATT.
Duration Of Programme
While the full programme can be completed in as short a time as two and a half years, ACCA gives students a maximum of ten (10) years to complete the ACCA Qualification programme.
General Entry Requirement
There is only one route to enter the ACCA Qualification Programme which is the mainstream route for students who have met the ACCA's minimum educational entry requirements.
You must possess one of the following qualifications:
a) At least 2 GCE A Levels plus 3 GCE/CXC subjects (including Mathematics and English); or
b) 6 CAPE Units: must include Caribbean Studies & Communication Studies (Grades 1-4 only); or
c) Completed the ABE Diploma (Level 4); or
d) Completed up to the Intermediate Level of the Association of Accounting Technicians (AAT); or
e) Completed the Diploma in Accounting and Business on the Foundations In Accountancy (FIA) Programme. Diploma students are exempted from the Knowledge Exams within the Fundamentals Level of the ACCA Professional Qualification; or
f) Completed the Certified Accounting Technician Programme (CAT). CAT graduates are exempted from the Knowledge level within the fundamental level of the ACCA Qualification.
There is no longer a Mature Student Entry Route (MSER) to the ACCA Qualification. Mature students must now register on the Foundations in Accountancy (FIA) programme and can, if they wish, start at the Diploma Level which is equivalent to the Knowledge Exams within the Fundamentals Exams of the ACCA Qualification. However, SBCS strongly recommends that these students start the FIA programme from the Introductory Certificate and progress to the Intermediate Certificate in order to lay a solid foundation for the Diploma level after which they can transfer to the Skills Exams within the Fundamentals Level of the ACCA Qualification with exemption from Knowledge Levels.
Government Assistance for Tuition Expenses (GATE)
The entry requirements to qualify for GATE funding for the ACCA programmes are as follows:
- 2 A' Level passes /3 GCSEs, or
- Successful completion of the Diploma in Accounting and Business FIA programme (exempted from Knowledge Level in the ACCA programme).
Progression Rules under the GATE Policy
Knowledge Level: F1, F2, F3 (No repeat entitlements)
(1) Students are allowed to pursue FAB (F1), FMA (F2) and FFA (F3) (Knowledge/Level papers) along with F4 of the Skills Level.
Skills Level: F4, F5, F6, F7, F8, and F9 (Repeat entitlements for a maximum of two (2) papers)
(1) Successful completion of FAB (F1), FMA (F2) and FFA (F3), and proof of having paid for the examination for F4 if attempted.
(2) Must show successful completion for at least four (4) papers before funding is approved for the remaining two (2).
Professional Level: P1, P2, P3 (Essentials) and P4, P5, P6, P7 (Two Options) (Repeat entitlements for a maximum of two (2) papers)
(1) P1 to P3- successful examination results for at least five (5) Skills Level papers.
(2) P4 to P7 - proof of having paid for examinations for at least two (2) papers among P1 to P3 with successful completion of FAB (F1), to F9.
Please be advised that GATE Clearance approval is contingent upon an assessment of students' overall academic performance and their historical GATE record.
Request for GATE Clearance Form
All students wishing to access GATE funding must complete a Request for GATE Clearance Form and receive the necessary approval (via a GATE Clearance Letter) from the Funding and Grants Administration Division prior to completing a GATE Application Form.
To obtain a GATE Clearance Letter, students must attach the following documents to the Request for Clearance Form:
1. Letter of Acceptance by the local tuition provider/institution or Request for Clearance Form stamped and signed by local tuition provider
1. Students continuing in the same programme must provide examination results for particular papers required for continued GATE funding and where applicable proof of having paid for the examination for specific papers.
2. Students who previously accessed GATE and are now moving on to a new programme must attach proof that they completed the previous GATE funded programme.
GATE Application/Claim Form
When GATE Clearance has been approved students must complete a GATE Application/ Claim Form with attached documents as follows:
1. Original GATE Clearance Approval Letter (copy for subsequent term/semester in the year)
2. Copy of Birth Certificate, National Identification Card or Passport showing proof of citizenship
A Note to Students
Students completing a GATE Application Form will not be required by the Funding and Grants Administration Division to pay tuition fees at any institution except in the following cases:
- That such application has been denied GATE funding, and
- Where Post Graduate study is being pursued and the proportion of tuition fee is not covered by the GATE Programme.
Students without GATE Clearance approval would not receive GATE funding and would be required to pay their own tuition fees.
Computer Based Examinations (CBE)
Papers within the Knowledge level (F1, F2, and F3) are offered computer based by ACCA. SBCS is a licensed CBE centre.
SBCS schedules CBEs at the end of each semester, June and December of each year (one examination week) for students who have registered for the relevant courses within the semester ONLY.
CBEs are also scheduled for every other Friday (except on public holidays, SBCS' school holidays or SBCS' examination weeks) for SBCS and non-SBCS 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 three weeks prior to the commencement of the examination week. The computer based examination fees are payable to SBCS for Papers within Knowledge Level. The cost per exam is presently TT$700.00 per paper. Students must have their ACCA Registration Numbers upon registration for any CBE.
Paper Based Examinations
ACCA examinations are normally held in June and December over an eight-day period, with one exam scheduled each day. There are deadlines for registering with ACCA for Paper based Examinations:
♦ A student can sign up for examinations and pay online by Credit Card via their "myACCA" account on the ACCA's website, http://www.accaglobal.com/ NO LATER than April 08 for June paper-based examinations and October 08 for December paper-based examinations.
♦ A student can sign up for examinations and pay via Bank Draft at ICATT's office. Completed Examination Entry forms and examination fees must reach ICATT's office NO LATER than April 8 for June paper-based examinations, and October 8 for December paper-based examinations.
The current Standard Examination fees payable to ACCA for paper-based examinations are currently as follows:
o Knowledge Exams - £74.00 per Paper (Early bird fee of £64 if paid online one month in advance)
o Skills Exams £92.00 per Paper ( Early bird fee of £81 if paid online one month in advance)
o Professional Exams - £106.00 per Paper (Early bird fee of £94 if paid online one month in advance)
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 ACCA.
Any local Fees to ICATT must also be made by TT bank draft payable to the Institute of Chartered Accountants of Trinidad and Tobago OR though their bank account# 015006099670 at any FCB branch. ICATT operates a 'no-cash' policy
Learning Outcomes of the ACCA Programme and Career Opportunities
The ACCA Qualification will help career progress in any organisation. It's an established route to professional status - allowing persons to use the 'ACCA' letters after their name on successful completion. Globally, employers will understand and respect this qualification. ACCA qualified persons will be in demand for their finance and accounting knowledge and skills worldwide, regardless of employment sector.
ACCA qualified accountants can be found in Industry, Commerce, Professional firms, Government and Private Practice as Directors, Financial Controllers, Accountants, Internal and External Auditors and Financial Analysts/Consultants.
ACCA's local office is located at:
100a Eastern Main Road,
Telephone number: 662-4777
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.
2 Central Quay
89 Hydepark Street
The Institute of Chartered Accountants of Trinidad and Tobago (ICATT)
Professional Centre Building,
11 - 13 Fitzblackman Drive,
Wrightson Road Extension,
Port of Spain.
Phone Number: 623-8000, 623-0176 or 625-1954
E-mail address: email@example.com.
SBCS' Accountancy Training and Education Centre (ATEC) Team consists of:
Ms. Malini Bridglalsingh - Manager
Mr. Desmond Lum York - Senior Course Administrator/Lecturer
Ms. Nicole Gonzales - Assistant Course Administrator
Ms. Melissa Edwards - Assistant Course Administrator
Ms. Kristel Lopez - 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, 1011, 1012 or 1013. However, we encourage you to contact us via e-mail (firstname.lastname@example.org), if you are unable to contact us via phone.