Foundations in Accountancy consists of a suite of awards, including certificates, diplomas and the Certified Accounting Technician (CAT) Qualification. These flexible awards 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 awards means that you can pick the level of qualification which most appropriately meets your business needs.
Foundations in Accountancy contains the following qualifications:
-Introductory Certificate in Financial and Management Accounting
- Recording Financial Transactions (FA1)
- Management Information (MA1)
-Intermediate Certificate in Financial and Management Accounting
- Maintaining Financial Records (FA2)
- Managing Costs and Finances (MA2)
-Diploma in Accounting and Business
- FAB- Accountant In business (equivalent to F1 of ACCA Knowledge Modules)
- FMA- Management Accounting(equivalent to F2 of ACCA Knowledge Modules)
- FFA- Financial Accounting(equivalent to F3 of ACCA Knowledge Modules)
Foundations in Accountancy offers various entry points, allowing maximum flexibility for your trainees to select the most appropriate entry route and progression to additional qualifications, based on previous qualifications, experience and future career aspirations.
It is important to note that exams FAB, FMA and FFA within Foundations in Accountancy are exactly the same as exams F1, F2 and F3 of the ACCA Qualification and share identical syllabuses, study guides and assessment methods. Students who complete F1, F2 and F3 of the ACCA Qualification and Foundations in Professionalism will also be awarded the Diploma in Accounting and Business.
Students with no formal academic qualifications can register to take exams at any level within Foundations in Accountancy. There is no requirement to complete the Introductory Certificate in Financial and Management Accounting or the Intermediate Certificate in Financial and Management Accounting prior to completing the Diploma in Accounting and Business, although students are strongly recommended to do so.
Students with relevant qualifications from a recognised institution may be eligible to claim exemption from papers within Foundations in Accountancy. Students who choose to complete the CAT Qualification may be eligible to claim exemptions from some or all of the papers within the Introductory Certificate in Financial and Management Accounting and Intermediate Certificate in Financial and Management Accounting based on relevant practical experience.