The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body which was founded in 1904 in UK and is today the largest professional Accountancy body in the UK and the largest to operate on an international basis that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide.
It is one of the world’s largest and fastest growing International accountancy bodies with 115,435 members and 296,000 affiliates and students in 170 countries. The Institute’s headquarters are in London with the principal administrative office being based in Glasgow. In addition the ACCA has a network of nearly 80 staffed offices and other centers around the world.
The ACCA qualification is the most respected and recognized qualification. ACCA is in line with the Certified Public Accountant (CPA) offered in USA and Canada and chartered Accountant (CA) offered in Europe, Asia and Africa. The qualification has a tremendous demand through out the world. The students of any background can join these programs in any part of the world. Examinations are conducted in more than 200 centers in 170 countries.
The ACCA is a founding member body of the Consultative Committee of Accountancy Bodies (CCAB) and the International Federation of Accountants (IFAC). The term chartered in ACCA qualification refers to the Royal Charter granted by her Majesty the Queen In the United Kingdom.
The ACCA recognizes the local qualification of any country, which is equivalent to “A “level of the UK universities. Certain paper exemptions are also being offered by ACCA for the relevant higher level local qualification. Candidates of 21 years age with lower than the standard can also join these qualifications. Chartered Certified Accountants are playing important role in the world of economy, Accounting, Finance, Management, Planning and Development are the fields where chartered certified accountants are playing important role. Majority of the Chartered Certified Accountants through out the world are in private practice, which again is a significant contribution to the world of economy.
Since Chartered Certified Accountant is a legally protected term, Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and , If they carry out public practice engagements, must comply with additional regulations such as holding a practicing certificate, being insured against any possible liability claims and submitting to inspections.
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Certified Accounting Technician