NCFM Academy Hyderabad is one of the leading academies for ACCA Course Institute in Hyderabad, offering quality education at a low cost to enable students to achieve their potential in life by successfully following their careers with a firm understanding, skills and technical proficiency in their professions.
NCFM Academy Hyderabad offers the best ACCA Training in Hyderabad by focusing on a student-oriented approach.
ACCA is the global body for professional accountants offering the chartered certified accountant (ACCA) qualification. It is a premier qualification in accounting and finance which is accepted globally and it is the number one choice for accounting students worldwide for this very reason. ACCA will equip you with the necessary skills, knowledge and technical proficiency which are required by a professional accountant today.
What makes ACCA different from other accounting bodies is its adaptability with the quickly changing needs of the profession. ACCA has a policy of regularly updating its syllabus to make sure that the knowledge, skill and technical level of the students don`t become obsolete this is why ACCA students and ACCA members have an edge over members and students other accounting bodies.
ACCA also focuses a lot on the grooming of its students which is why it has introduced the “Ethics and Professionalism module” which instills ethical and professional working values within the students. In addition to this ACCA provides free learning material to students online such as lectures, webinars, exam tips and interviews with teachers before the exams to supplement the studies of students in order to ensure that the students pass their exams.
ACCA`s headquarters are in London with their principle office operating out of Glasgow. ACCA has a presence in over 52 countries – with 323 Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development.
If you aspire to have a career in the accountancy profession then ACCA is the best qualification for you. ACCA comprises of 13 exams which prospective students have to appear in, with 3 years of supervised work experience and an ethics and professional skills module.
If you have decided to start your ACCA journey then NCFM Academy Hyderabad is one of the leading ACCA colleges in Hyderabad where you will be taught and trained for your ACCA exams by the best teachers available for ACCA coaching and training in Hyderabad.
Structure of ACCA Course
Your ACCA journey will be divided over the course of thirteen examinations; each semester lasts six months, so it takes 2 – 3 years for students to complete their ACCA examinations in one of the leading ACCA institutes in Hyderabad. There are many ACCA training centers in Hyderabad and some offer 3 month semesters but Guru Academy believes in a student-oriented approach and three months are not enough for students to comfortably complete the syllabus and be prepared for their exams.
ACCA offers both computer-based and paper-based examinations. Here at Guru academy, we take pride in being one of the best ACCA training centers in Hyderabad because we make sure our students are fully prepared on their exam day to pass their ACCA exams with outstanding marks.
Once the students have passed 13 exams, they become affiliates of ACCA, in order to become members, the students must complete 3 years of Articleship to fulfill all of the Professional experience requirements (PER), there is however no restriction about the time of starting the Articleship, it can be started during studies or after completing the studies. In addition to this students must also complete Ethics and Professionalism module which is usually recommended to be completed before attempting Strategic Professional level exams.
Have a look at the structure of ACCA to get a better understanding of the exams you will be required to appear in. As stated, ACCA is divided into thirteen examinations. These thirteen examinations are divided into three levels.
- F1 Accountant in Business (AB)
- F2 Management Accounting (MA)
- F3 Financial Accounting (FA)
- F4 Corporate and Business Law (CL)
- F5 Performance Management (PM)
- F6 Taxation(TX)
- F7 Financial Reporting (the UK or International) (FR )
- F8 Audit & Assurance (UK or International) (AA)
- F9 Financial Management (FM)
- Strategic Business Leader
- Strategic Business Reporting
- P4 Advanced Financial Management (AFM) (optional)
- P5 Advanced Performance Management (APM) (optional)
- P6 Advanced Taxation (ATX) (optional)
- P7 Advanced Audit & Assurance (AAA) (UK or International) (optional)
ACCA knowledge level is the first level you will be required to appear in, this level can be considered as an introductory level to ACCA where the aim is to introduce the students to key accounting concepts that will gradually be broadened as the students progress through their ACCA journey. This level has 3 examinations which are
F1- Accountant in Business
Accountant in business is the first exam you will be required to appear in your journey towards ACCA qualification. This exam introduces students to the business environment. Students who are not from a finance background can in particular benefit from this course. This course will teach you how what a business really is. What are the factors which affect a business as a whole, how business is operated and managed efficiently and what are the broader implications of the internal and external environment the business is operating in?
F2 – Management Accounting
Management in Accounting is the second exam you will be required to appear in. It is the second exam of the ACCA Foundation level where students will be required to develop management accounting techniques to help support businesses to plan, control and monitor their performance. Students will learn different methods of managing finance within a business organization with the aim of enhancing business performance.
F3- Financial Accounting
Financial Accounting (FA) is the third exam you will be required to appear in the ACCA journey and final exam of the ACCA knowledge level. The syllabus of Financial Accounting (FA) aims to develop understanding and application of basic accounting concepts and the underlying principles of financial accounting and technical proficiency in the usage and application of double-entry bookkeeping and preparation of financial statements.
Once you have completed your Knowledge level exams, then you can progress toward the second level which is the Skill level.
Skill Level: The Skill level comprises six examinations that the students will be required to appear in. The examinations are
F4 – Corporate and Business Law
Corporate and Business Law (CL) is the fourth exam you will be required to appear in your ACCA journey and the first exam of the ACCA skills level. The syllabus of Corporate and Business Law (CL) aims to develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognizing the need to seek further specialist legal advice where necessary.
F5 – Performance Management
Performance Management (PM) is the fifth exam you will be required to appear in your ACCA journey and the second exam of the ACCA skills level. Performance Management (PM) builds upon the knowledge gained in Management Accountant (MA) exam. The syllabus will examine the understanding to manage the performance of the business.
F6 – Taxation
Taxation (TX) is the sixth exam of your ACCA journey that you will be required to appear in and the third exam of the ACCA skills level. The course of Taxation (UK variant) is designed to give the students the basic understanding about the system of taxation and tax matters in the U.K. It provides the core understanding of the underlying principles and gives the students understanding of the major areas of taxation pertaining to taxation of individuals and businesses.
F7 – Financial Reporting
Financial Reporting (FR) is the seventh exam of your ACCA journey that you will be required to appear in and the fourth exam of the ACCA skills level. Financial Reporting (FR) will introduce the students to the knowledge of financial frameworks and accounting standards upon which financial statements are based. This course builds upon the knowledge learned in the Financial Accounting (FA) course you studied earlier and will take the concepts introduced relating to financial reporting to greater a depth of understanding.
F8 – Audit and Assurance
Audit and Assurance (AA) is the eighth exam of your ACCA journey that you will be required to appear in and the fifth exam of the ACCA skills level. Audit and Assurance (AA) will introduce the students to the nature, scope, and procedures for audit and assurance engagements.
F9 – Financial Management
Audit and Assurance (AA) is the eighth exam of your ACCA journey that you will be required to appear in and the sixth exam of the ACCA skills level. Audit and Assurance (AA) will introduce the students to the nature, scope, and procedures for audit and assurance engagements.
This marks the end of the ACCA skills level examination. After this students will appear for their Strategic Professional Level exams
Strategic Professional level
Strategic Professional level has been recently introduced into the ACCA journey, previously this level was called the Professional level and it had 3 compulsory exams which were Governance, risk, and ethics (P1), Corporate Reporting (P2) and Business analysis (P3).
However, these three exams have now been replaced by two exams which are strategic Business Leader (SBL) and Strategic Business Reporting (SBR).
Strategic Business Leadership
Strategic Business Leadership (SBL) is the tenth exam of your ACCA journey and the first exam of the ACCA professional level. This examination aims to mirror the real-world workplace challenges and problems thus allowing the students to exhibit their problem solving and technical skills which they have acquired in the course of their studies.
Strategic Business Reporting
Strategic Business Reporting (SBR) is the eleventh exam of your ACCA journey and the second exam of the ACCA professional level. The aim of this exam is to build upon their knowledge of corporate financial reporting and be able to exercise professional judgment in the evaluation and application of financial principles from a number of perspectives.
There are two more exams which students need to appear in, these are called the optional. ACCA allows the students to choose two out of four subjects for their optional exams.
P4 – Advanced Financial Management
Advanced Financial Management (AFM) is the twelfth exam of your ACCA journey. Advanced Financial Management is also an optional exam. Advanced Financial Management (AFM) will build upon your earlier studies and focus more on advanced financial management techniques. The aim of this exam is to learn and apply advanced financial knowledge in a professional manner to help organizations take financing decisions.
P5 – Advanced Performance Management
Advanced Performance Management (APM) is the thirteenth exam of your ACCA journey. Advanced Performance Management is also an optional exam. Advanced Performance Management (APM) builds upon your earlier studies in particular Performance Management (PM) and aims to give the students a deeper understanding of performance management concepts and methods allowing the students to tackle challenges and different scenarios with professionalism and technical proficiency.
P6 – Advanced Taxation
Advanced Taxation (ATX) is the thirteenth exam of your ACCA journey. Advanced Taxation (ATX) builds upon your earlier studies including Taxation (TX) and aims to give the students a broader understanding of concepts related to different areas of taxation, thus allowing the students to tackle challenges and different scenarios with professional conduct.
P7 – Advanced Audit and Assurance
Advanced Audit and Assurance (AAA) is the thirteenth exam of your ACCA journey. Advanced Audit and Assurance (AAA) is also an optional exam.
Advanced Audit and Assurance builds upon your earlier studies in particular Audit and Assurance (AA) exam and aims to broaden the understanding of the students by giving them more knowledge, skills and technical proficiency in advanced audit areas allowing them to handle complex situations and scenarios with professionalism which is the mark of ACCA qualification.