Studying ACCA Online Courses

ACCA-complete-online-study-guide-online-FIA-accounting-courses

Welcome to the complete guide on Studying ACCA Online, everything you need to know about studying with the ACCA all in one place, brought to you by SACOB South African College of Business.


What is the ACCA?

The Association of Chartered Certified Accountants, better known as ACCA, offers a variety of internationally recognised qualifications. These qualifications provide you with everything you need to build a successful career in accountancy, finance and management.

With over 7300 approved employers, 208 000 members and 503000 students across the globe it shows that not only does ACCA believe they arethe world’s most forward-thinking professional accountancy body, but so doemployers, members and students.

What does the ACCA offer and who is it relevant for?

The ACCA has many qualifications and paths to choose from.With SACOB you have 5 routes to choose from. The one thing that is commonamongst all the ACCA routes – no matter which one you enrol for, they all opendoors both locally and internationally creating plenty of opportunities. So,either way, you’re choosing a path of success.

ACCA Foundations in Accountancy (FIA) Qualifications

This programme is perfect for anyone looking to gainknowledge and understanding in the accounting and finance field. Completingthis programme allows you to continue climbing that corporate ladder and becomea trainee accountant in a commercial organisation or accounting practice.

Which Qualifications are the ACCA FIA broken down into?

The ACCA FIA is broken down into 3 separate qualifications:

ACCA FIAIntroductory Certificate in Financial and Management Accounting

ACCA FIAIntroductory Certificate in Financial and Management Accounting

ACCA FIADiploma in Accounting and Business

Having under 10 subject’s means that within a short timeframe you can achieve this qualification and make your way up the corporateladder as well as make your way on to the full ACCA qualification, which thisprogramme provides access for.


How many subjects does ACCA Introductory Certificate in Financial and Management Accounting have?


The ACCA Introductory Certificate in Financial and Management Accounting has 2 subjects.



How many exam papers does ACCA Introductory Certificate in Financial and Management Accounting have?


The ACCA Introductory Certificate in Financial and Management Accounting has 2 exams.



How many subjects does ACCA Intermediate Certificate in Financial and Management Accounting have?


The ACCA Intermediate Certificate in Financial andManagement Accounting is made up of 2 subjects.



How many exam papers does ACCA Intermediate Certificate in Financial and Management Accounting have?


The ACCA Intermediate Certificate in Financial and Management Accounting has 2 exams.



How many subjects does ACCA Diploma in Accounting and Business have?


The ACCA Diploma in Accounting and Business is made up of 3 subjects.



How many exams do you write for the ACCA Diploma in Accounting and Business?


The ACCA Diploma in Accounting and Business is assessed based on 3 exams.



How many subjects does ACCA Certified Accounting Technician (CAT) Qualification have?


The ACCA Certified Accounting Technician (CAT) Qualificationconsists of 9 subjects.



How many exams are written for the ACCA Certified Accounting Technician (CAT) Qualification?


The ACCA Certified Accounting Technician (CAT) Qualificationis assessed based on 9 exams.



ACCA Certified Accounting Technician (CAT) Qualification

The main outcome of this qualification is to preparestudents for work in an accounting technician and support role. Whether it bein public practice, industry, commerce or the public sector, either in SouthAfrica or internationally.

With a total of 9 subjects (7 ofwhich form part of the above Foundations in Accountancy qualification), you canget this under your belt within a short time frame.


What does ACCA FIA stand for?

Foundations in Accounting by The Association of CharteredCertified Accountants.

What is FIA in ACCA?

This is a set of training modules intended to provide you asthe student with appropriate competencies in the field of accounting withconsideration given to the ever-changing landscape of the modern workplace,business needs and technological innovations.

Aimed at producing internationally competent skilledindividuals in the field of accounting, with a gateway to the full ACCAqualification. Students who complete the FIA ACCA set of certifications are competentand employable and meet many industry standards in the field of business and accountancy,they are equipped with international skillsets and proficiencies to make them highlydesirable to would be employers. ACCA trained individuals are sought after ininternational business workplaces.

What do I need to study FIA ACCA?

If you are at least 16 years old and can read and write anddo basic mathematics then you are eligible to study the FIA in ACCAcertificates. No previous knowledge in accounting is required, just the abilityto read and calculate, everything will be taught to you in these foundationalmodels, by the end of them you would have developed an adequate skillset to setyou off in the field of business and accountancy.

Do you need matric to study ACCA?

If you have Matric it is a definite advantage, but it is nota formal requirement of The ACCA in order to do the FIA ACCA programme. If youcan read and do basic mathematic calculations you will be able to do the selfstudy bridging courses set up by the ACCA in order to get you on the level ofmathematics and English required to do the ACCA course.

What requirements are there to study FIA ACCA?

There are no formal academic requirements stipulated for FIAin ACCA. These set of certificates are set up to prepare you to do the ACCADiploma in Accountancy. Students that complete the FIA certificates arestatistically higher performing that students who enter the diploma withoutcompleting the FIA.

Do I need Matric to Study FIA ACCA?

You must have a basic mathematical ability. No subjects arerequired but accounting, mathematics and business studies are of greatadvantage. DO not count yourself out if you did not do these subjects in highschool you are still just as applicable to study the FIA Foundations inAccounting modules with ACCA.

Will FIA in ACCA get me a Job?

Completing the ACCA FIA opens may doors to formalemployment. This certification causes you as the student to become highly employable,not only because you are certified by an internationally recognised industrystandard setter, but because this certification ensures you are competent andethical in your business knowledge, ensuring both technical competency andpractical relevant ability.

Which jobs can FIA in ACCA get me?

Completing the FIA in ACCA, is suitable for individuals whoaspire to work or are already working in the following fields:

  • Junior Accounts Clerk
  • Junior Bookkeepers
  • Accounting role in a small to medium enterprise
  • Competency to pursue the same roles in a larger organisation or financial shared services centre.

If you are working in finance or are planning on working in the finance department at any small to medium business FIA in ACCA will equip you sufficiently to perform the job adequately to an international standard. Having this qualification makes you stand out against the crowd of nationally recognised accounting certificates. With ACCA certification you enter a new league of business professionals.

What can you do with FIA in ACCA?

If you have a goal of working permanently in the financedepartment of a large enterprise possibly with international reach and globalapplication, the FIA in ACCA will prepare you for the job. If you are currentlyworking in an accounting role or capacity at a SME then FIA in ACCA willfurther pave the way for you to be eligible to achieve the ACCA diploma inAccounting with ease. Whether you are currently working in the segment, juststarting out or have your sights set on being promoted to the big leagues thiscertification will have you covered.

Employers are looking for competent individuals to handletheir finances, having the ACCA certification is proof of this. This puts youthat key step ahead of others in the job selection process, you now become amore eligible candidate for the job, displaying your proficiency and competencyin the field in the way of your ACCA certificate.

How long does FIA in ACCA take to study?

Completing the entire ACCA FIA can take just under a yeardepending on your commitment to completing. It consists of 7 subjects and 7exams. Each subject takes about a month to complete and then about 2 weeks ofrevision to be ready for each exam. These are estimates based on your learningproviders scheduling and intensity regarding exam preparation.

Most learning tuition providers schedule each subject at 3-4months to completion. This gives students a more gradual approach to learningthe material and more time to fully grasp concepts for those who have neverbeen exposed to the accounting and finance field of business.

With a background in accounting each subject can becompleted in just over a month, with the extra time being allocated to gainingfull comprehension of concepts that people experienced in the field do notrequire.

What subjects make up the ACCA FIA Study Programme?

  • ACCA FA1 Recording financial transactions
  • ACCA MA1 Management information
  • ACCA FA2 Maintaining  financial records
  • ACCA MA2 Managing costs and finances
  • ACCA FAB Accountant in business
  • ACCA FMA Management accounting
  • ACCA FFA Financial accounting
  • ACCA Foundations in audit (FAU)
  • ACCA Foundations in taxation (FTX)
  • ACCA Foundations in financial management (FFM)

ACCA FA1 Recording financial transactions

This is the first subject in the ACCA FIA IntroductoryCertificate in Financial and Management Accounting Programme. On completion ofthis subject students will have the understanding of basic accounting systemsthat get used daily in the workplace. This subject develops the understandingof the operational aspects of maintaining accounting records and procedures andhow to record these transactions in the books of the organisation. Included isan introduction to the principles of double entry and how a computerised and amanual accounting system work.

What are  the learning outcomes for ACCA FA1 Recording financial transactions?

To introduce knowledge and understanding of the business andits environment and the influence this has on how organisations are structured

And on the role of the accounting and other key business functionsin contributing to the Efficient, effective and ethical management anddevelopment of an organisation and its people and systems

ACCA MA1 Management information

This is the second subject in the ACCA FIA IntroductoryCertificate in Financial and Management Accounting Programme. On completion ofthis subjects students will have obtained the knowledge of basic costinformation required for management accounting. This subject develops theknowledge and ability to recognise, collect and record basic cost and revenueinformation including the use of spreadsheets in management accounting.

What are  the learning outcomes for  ACCA MA1 Management information?

To develop knowledge and understanding of providing basicmanagement information in an organisation to support management in planning anddecision-making.

What will I learn in ACCA MA1 Management information?

  1. The nature, source and purpose of management information
  2. Cost accounting techniques
  3. Budgets for planning control
  4. Actual costs with standard costs and variances
  5. Ability to analyse, interpret and monitor business performances

ACCA FA2 Maintaining  financial records

This is the second subject in the ACCA FIA IntermediateCertificate in Financial and Management Accounting Programme. On completion ofthis course the student would have gained the knowledge and understanding ofthe principles and techniques used in recording, analysing and reporting costsand revenues for internal management purposes. This subject allows the studentto develop applicable cost concepts in making short term decisions and theapplication of spreadsheets in management accounting.

What are  the learning outcomes for ACCA FA2 Maintaining  financial records?

To develop knowledge and understanding of the underlyingprinciples and concepts relating to maintaining financial records and technicalproficiency in the use of double-entry accounting techniques including thepreparation of basic financial statements

What will I learn in ACCA FA2 Maintaining  financial records?

  1. The role of casting within the organisation and classification of costs
  2. Cost accounting techniques
  3. Management accounting techniques to make and support decision management
  4. Principles of cash management
  5. Application of computer spreadsheets in Microsoft excel

ACCA MA2 Managing costs and finances

This is the second course in the ACCA FIA IntermediateCertificate in Financial and Management Accounting Programme. On completion ofthis course the student would have gained the knowledge and understanding ofthe principles and techniques used in recording, analysing and reporting costsand revenues for internal management purposes. This course allows the studentto develop applicable cost concepts in making short term decisions and theapplication of spreadsheets in management accounting.

What are  the learning outcomes for ACCA MA2 Managing costs and finances?

To develop knowledge and understanding of how to prepare,process and present basic cost information to support management in planningand decision-making in a variety of business contexts.

What will I learn in ACCA MA2 Managing costs and finances?

The role of casting withinthe organisation and classification of costs

  1. Cost accounting techniques
  2. Management accounting techniques to make and support decision management
  3. Principles of cash management
  4. Application of computer spreadsheets in Microsoft excel

ACCA FAB Accountant in business

This is the first subject in the ACCA FIA Diploma in Accounting and Business Programme. On completion of this subject the student will have the understanding of business and its environment, including economic, legal, and regulatory influences such as governance, employment, health and safety, data protection and security.

This course introduces further topics such as the regulatory framework, auditing and governance, the roles of internal and external auditors and introducing the importance of internal control.

What are  the learning outcomes for ACCA FAB Accountant in business?

To introduce knowledge and understanding of the business andits environment and the influence this has on how organisations are structured

And on the role of the accounting and other key business functions in contributing to the Efficient, effective and ethical management and development of an organisation and its people and systems.

What will I learn in ACCA FAB Accountant in business?

  1. The purpose and types of business and how they interact with key stakeholders and the external environment
  2. Business organisation structure, functions and the role of corporate governance
  3. The function of accountancy and audit in communicating, reporting and assuring financial information and effective financial control and compliance
  4. The principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed
  5. Importance of personal effectiveness as the basis for effective team and organisational behaviour
  6. All aspects of business and finance should be conducted in a manner which complies with accepted professional ethics and values

ACCA FMA Management accounting

This is the third subject in the ACCA FIA Diploma in Accounting and Business Programme. On completion of this subject the student would have the knowledge and ability to apply management accounting concepts and foundations in accountancy techniques for decision making and planning and control.

This subject includes forecasting techniques, budgets and standard costs and performance measurement.

What are  the learning outcomes for ACCA FMA Management accounting?

To develop knowledge and understand of providing basicmanagement information in an organisation to support management in planning anddecision making.

What will I learn in ACCA FMA Management accounting?

  1. The nature, source and purpose of management information
  2. Cost accounting techniques
  3. Budgets for planning control
  4. Actual costs with standard costs and variances
  5. Ability to analyse,interpret and monitor business performances

ACCA FFA Financial accounting

This is the second subject in the ACCA FIA Diploma inAccounting and Business Programme. This subject develops the knowledge andunderstanding of the principles and concepts relating to financial accountingas well as the technical proficiency in the use of double entry techniques andthe preparation and interpretation of basic financial statements for soletraders, companies and simple groups of companies.

What are the learning outcomes for ACCA FFA Financial accounting?

To develop knowledge and understanding of the underlyingprinciples and concepts relating to financial accounting and technicalproficiency in the use of double-entry accounting techniques including thepreparation of basic financial statements.

What will I learn in ACCA FFA Financial accounting?

  1. Financial reporting
  2. Qualitative characteristics of financial information
  3. Use of double-entry and accounting systems
  4. Recording transactions and events
  5. Preparation of a trial balance and correcting errors
  6. Basic financial statements for incorporated and unincorporated entities
  7. Simple consolidated financial statements
  8. Interpretation of financial statements

What are the Specialist Subjects of ACCA FIA?

  • ACCA Foundations in audit (fau)
  • ACCA Foundations in taxation (ftx)
  • ACCA Foundations in financial management (ffm)

ACCA Foundations in audit (fau)

What are  the learning outcomes for ACCA Foundations in audit (fau)?

To develop knowledge and understanding of the principles ofexternal audit and the audit process and technical proficiency in the skillsused for auditing financial statements.

What will I learn in ACCA Foundations in audit (fau)?

  1. Purpose and scope of an audit and its regulatory framework
  2. Assessment of risk and plan of audit
  3. Principles of internal control and features of information systems
  4. Description of audit evidence and audit procedures
  5. Application of International Standards of Auditing
  6. Completion of audit and report

ACCA Foundations in taxation (ftx)

What are  the learning outcomes for ACCA Foundations in taxation (ftx)?

To develop the ability to prepare computations of taxliability for both individuals and businesses resident in the UK for thepurposes of income tax, corporation tax, capital gains tax and value

Added tax. In addition, to develop knowledge andunderstanding of the manner in which dealings must be conducted with HM revenueand customs, including knowledge of the statutory timescales for the submissionof claims and returns and the due dates for the payment of tax liabilities.

What will I learn in ACCA Foundations in taxation (ftx)?

  1. Basic operation and scope of the UK tax system
  2. Profit and loss computations for trades and professions
  3. Calculation of income tax liability of individuals and preparation of income tax returns
  4. Calculation of capitals gain tax
  5. Calculation of tax liability of a company
  6. Effects of value added tax on incorporated and unincorporated businesses
  7. Preparation of returns

ACCA Foundations in financial management (ffm)

What are  the learning outcomes for  ACCA Foundations in financial management (ffm)?

To develop knowledge and understanding of the wayorganisations finance their operations, plan and control cash flows, optimisetheir use of working capital and allocate resources to capital expenditureprojects.

What will I learn in ACCA Foundations in financial management (ffm)?

  1. Principles of working capital management
  2. Accounting techniques used to forecast cash
  3. Methods and procedures for managing cash balances
  4. Principles in making medium to long term financing decisions
  5. Principles in making capital investments decisions
  6. Credit management methods and procedures

How much does it cost to study FIA in ACCA?

Consisting of 7 subjects. Each subject will cost roughly 200GBP, which is about 4000 ZAR, this is depending on the additional supportfeatures you purchase with your study package.

7 subjects costing roughly 200GBP, will set you back 1400GBPexcluding registration and admin fees.

Learning providers like SACOB the South African college ofbusiness provide affordable interest free payment plans making it possible topay your studies off monthly at manageable rates. It’s a pay as you studysystem.

Can I finish FIA ACCA in 2 years?

It is entirely possible to finish your FIA in under 1 year,this depends on your commitment to studying hard and focus on the studymaterial. With a reputable learning provider this goal is easily achieved withface to face classes, webinars and live online resources. Check out SACOBSonline offerings here.

If you are unsuccessful in your exams, you can rebook themafter 2 weeks which may cause a slight delay in your timeline, studying hardwith competent lecturers however lessens this risk and saves you time ensuringyou pass on your first attempt. Adequate exam preparation is the name of thegame here, SACOB hosts live online webinars specifically focused don exampreparation are scheduled before your exams, ensuring your full preparation asyou complete all of the online interactive sessions.

Does ACCA require maths?

The FIA in ACCA is open access meaning there are no specificentry requirements set by the ACCA.

If you are still unsure about your ability to be able topursue the certification you can take the English and Maths self-check modules availablefrom the ACCA. These will give you a benchmark of your basic ability and helpyou improve your maths and English ability to give you the ability to completethe Foundations in accounting certificates.

What are the different ways to study an ACCA Qualification?

You can either opt for self-study or online assistedlearning. With SACOB you have 2 study packages to choose from.

Can you self-study ACCA?

Self-studying the ACCA with online resources is entirelypossible, with many online resources available on our online learning website,it is possible to study on your own and ask your lecturer for help if you needassistance on understanding certain concepts.

SACOB offers the Home Study package

All study materials couriered to your door.

You can study from the convenience of home and tutor supportis available 24/7 through your student account – study from home and get tutoradvice anytime.

Suggested Study Time:

4 months per subject

Can you study FIA ACCA Online?

Yes, most learning providers offer FIA in ACCA exclusively online, supported by live lecturer feedback and your physical textbooks, this is an efficient and convenient route to take.

My Kaplan provides learning materials online to support you when studying, these come directly from the publishers to ensure total alignment with the current study material which changes as regulation in the world of finance and accounting is always updated and revised.

SACOB offers the Online Classroom

Everything that you receive in Home Study and More!

Additional videos to help clarify concepts and importantsections in each module. Progress quizzes to review your work and assistancewith assignments.

Suggested Study Time:

3 months per subject

What do you get when you study ACCA online?

When you study ACCA FIA online you receive access toMyKaplan online resources, an online study resource portal made by thepublishers of the study materials.

This access includes:

  1. Consolidation Tests
  2. Progress Tests
  3. Past Exam Questions and Answers
  4. Recap Videos
  5. Mock Exams

Is ACCA worth doing?

FIA in ACCA is an international certification which means global recognition. This means that your knowledge in accounting and business finance can be applied globally and not just within the borders of the country you currently reside in. What does this mean?

Basically this certification programme stands above nationally recognised qualifications, it ensures that if migration is ever in your career path, you will be able to continue in the field of accountancy with recognition of your current experience.

Nationally recognised certificates cannot afford you this abilitywithout further scrutiny by would be international employers. With ACCA you areinternationally recognised, and you can operate within the field of accountingin your national capacity.

This makes the FIA in ACCA a valuable package which opensthe way to further diplomas and even global membership to the ACCA governingbody. With this behind your name it will be hard for employers to overlook yourCV in a stack of nationally recognised certifications.

Is ACCA difficult to pass?

The exams in FIA in ACCA can be taken together within thesame timetable. This means that within 7 examination days you can complete allof your subjects. This means that the overall difficulty is relatively low. Theknowledge learned in one subject builds onto the concepts covered in the otherwith specialisation being the only differing factor within each subject.

There are no restrictions on the amounts of times you mayattempt an exam, just a delay between in which you may re-register to writeagain, which increases the overall time taken to achieve your Certificate. Itis recommended to complete 4 subjects and exams at a time, this is the moderateapproach to taking the exams and ensuring adequate preparation time for yournext set of papers.

The ACCA Complete Qualification

This is the complete ACCA Qualification. It focuses onaccounting knowledge and skills as well as professional values. Completing thisqualification will allow you to build a successful career as a financeprofessional. It addresses professional values, ethics and governance.

This is essential as the profession is moving towardsstrengthening codes of conduct, regulation and legislation. Professionalism andethics is examined at the highest level in the ACCA Qualification.

It does require you to have your matric though, but if youdo not, don’t worry – you can start with the other entry level qualifications.

Do any of the ACCA Qualifications overlap?

If you do not happen to meet the entry requirements for thefull ACCA qualification then you would start with the Foundations inAccountancy and work your way from there.

The great thing is that once you have completed theFoundation Level subjects you will receive a qualification, then by moving onto the other subjects that form part of the ACCA qualification you are on yourway to adding another qualification to your name.

How do the ACCA FIA exams work?

Exams are made up of both Computer Based Exams as well aswritten exams, depending on the subject being written.

The first 4 subjects are Computer Based and have no setperiod in which you can write exams.

The next 5 subjects are also Computer Based however theytake place during specific times of the year only – namely March, June,September and December.

Exams have registration cut-off dates, so make sure youregister early.


ACCA--gold-provider-international-accounting

Why should you be studying an ACCA Qualification with SACOB?

Being an ACCA Gold Provider means that we have jumpedthrough many hoops, have crossed many T’s and have certainly dotted many I’s.This means that with SACOB you are in very good hands as ACCA have very strictguidelines on becoming an accredited tuition provider. At SACOB we arecommitted to getting you the results that sees you pass and achieve the endgoal…your qualification.

If you have started your studies at another college butwould like to move across to SACOB, no problem – let us help you make the moveacross and welcome you to SACOB.

Need to know all the costs involved? Feel free to chat toone of our well-informed course advisors who will happily answer all yourquestions.

READY TO START YOUR JOURNEY WITH SACOB AND THE ACCA?