The Association of Chartered Certified Accountants (ACCA) is one of the most prestigious global bodies for professional accountants, with a certification that opens doors to a wide range of career opportunities in finance and accounting. For students aspiring to become ACCA-certified, choosing the right university is crucial. The UK is home to many esteemed institutions that offer ACCA-accredited programs, providing students with the knowledge and skills needed to excel in the world of accounting.
In this blog post, we will explore some of the top ACCA certified universities in the UK for 2024. These institutions not only offer high-quality education but also provide valuable resources and support to help students succeed in their ACCA journey.
Why ACCA? Why the UK ?
The ACCA qualification isn’t just another accounting credential. It’s a globally recognized mark of excellence, opening doors to careers in audit, taxation, financial management, and more. The UK, with its rich history in finance and business, offers a unique advantage:
- World-Class Education: UK universities consistently rank among the best globally for accounting and finance programs.
- Industry Connections: You’ll have access to a vast network of employers and alumni, enhancing your career prospects.
- Cultural Experience: Studying in the UK is an adventure, exposing you to diverse cultures and perspectives.
- Global Recognition: An ACCA qualification from a UK university is highly regarded worldwide, enhancing your career prospects.
Why Choose an ACCA Certified University ?
ACCA-certified universities offer tailored courses that align with the ACCA syllabus, ensuring you get the best possible preparation for your exams. These institutions often provide additional support, such as dedicated tutors, study materials, and professional development opportunities, which can significantly enhance your learning experience and career prospects.
Eligibility for ACCA
The ACCA course is open to anyone who meets the following minimum requirements:
- Have a matriculation certificate, secondary school leaving certificate, All India Secondary School Certificate, or India Certificate of Secondary Education (Standard X). However, this will not be enough to register.
- Or, have a 10+2, India School Certificate, Intermediate Certificate, Higher Secondary Certificate, Pre-University Course, or Intermediate Public Examination. This will be sufficient to register if you get passes in 5 subjects, with at least 3 in your final year, including English and Math/Accounts. You also need to score 65% in 2 subjects and over 50% in the others.
- Or, be a graduate student with a BSc, B.Com, or any other Bachelor’s degree. There is no requirement for prior accounting knowledge.
- Or, have an ACCA Foundation Diploma or CAT certification.
Number of Exams and Exemptions for ACCA
The ACCA qualification comprises 13 exams, divided into three levels: Applied Knowledge, Applied Skills, and Strategic Professional. The number of exams a student must take can be reduced through exemptions based on previous qualifications.
ACCA course structure:
- Foundation level: 3 exams
- Skills level: 6 exams
- Professional level: 4 exams
Exemptions:
- A maximum of nine Applied Knowledge and Applied Skills exams can be exempted.
- No exemptions are awarded for Strategic Professional exams (the final 4 exams).
Here’s a breakdown of the number of exams and potential exemptions for different groups of students:
Student Group | Number of Exams | Potential Exemptions |
Non-Graduate Entry | 13 | None |
Business/Accounting Degree Holders | 7-9 | Up to 6 (Applied Knowledge and parts of Applied Skills) |
Relevant Master’s Degree Holders | 4-5 | Up to 9 (Applied Knowledge, Applied Skills, and some Strategic Professional) |
CAT Qualification Holders | 9-10 | Up to 4 (Applied Knowledge and some Applied Skills) |
The exact number of exemptions varies based on the specific degree and institution. Candidates can use the ACCA Exemptions Calculator on the ACCA Global website to determine their specific exemptions based on their previous qualifications and institutions.
Top ACCA-Certified Universities in the UK
Let’s delve into some of the top UK universities that offer ACCA-accredited programs:
1. London School of Business and Finance (LSBF)
The London School of Business and Finance is renowned for its excellent ACCA program. LSBF offers a range of flexible study options, including online and on-campus learning, making it accessible for students with different needs and schedules. The university boasts a high pass rate for ACCA exams, thanks to its experienced faculty and comprehensive study materials.
The University of Glasgow is one of the oldest and most prestigious universities in the UK. Its ACCA-accredited program is designed to equip students with a thorough understanding of accounting principles and practices. The university provides a supportive learning environment, with access to extensive resources, including libraries and online databases.
3. University of London
The University of London offers a globally recognized ACCA program that combines academic rigor with practical insights. Students benefit from the university’s strong industry connections, which provide opportunities for internships and networking. The program is available both online and on-campus, catering to a diverse student body.
4. Manchester Metropolitan University
Manchester Metropolitan University (MMU) is known for its innovative approach to accounting education. The ACCA program at MMU is designed to be practical and relevant, with a focus on real-world applications. The university’s state-of-the-art facilities and dedicated support services ensure that students are well-prepared for their ACCA exams and future careers.
The University of Exeter offers an ACCA-accredited program that is highly regarded for its academic excellence and strong industry links. The program includes a mix of theoretical knowledge and practical experience, with opportunities for students to engage in internships and work placements. The university’s beautiful campus and vibrant student life make it an attractive choice for ACCA students.
The University of Leeds is a top-ranked university with a strong focus on business and finance. Its ACCA program is designed to develop both technical skills and strategic thinking, preparing students for leadership roles in accounting. The university’s strong alumni network and career services provide valuable support for students seeking to advance their careers.
7. BPP University
BPP University specializes in professional education and is well-known for its ACCA program. The university offers flexible study options, including part-time and online courses, to accommodate working professionals. BPP’s close ties with industry ensure that the curriculum is up-to-date and relevant, giving students a competitive edge in the job market.
Here are some other leading universities in the UK that offer ACCA-certified courses:
- Durham University
- Lancaster University
- Newcastle University
- University of Birmingham
- University of Edinburgh
- University of Liverpool
- University of Manchester
- University of Reading
- University of Sheffield
- University of Southampton
- University of Strathclyde
- University of Warwick
Choosing the Right University
While all these universities offer excellent ACCA programs, the best one for you depends on your individual preferences and goals. Consider the following factors:
- Location: Do you want to study in a bustling city like London or a smaller university town?
- Teaching Style: Some universities focus more on theory, while others emphasize practical skills.
- Support Services: Look for universities that offer career guidance, academic support, and social activities.
- Fees and Scholarships: Be sure to factor in the cost of tuition and living expenses, and explore scholarship opportunities.
Fees Struture for ACCA
The fees for the ACCA qualification in the UK can be broken down into two main categories: registration and subscription fees, and exam fees.
Registration and Subscription Fees:
- There’s a one-time registration fee of around £89 to begin the ACCA program.
- You’ll also need to pay an annual subscription fee of £122. If you don’t renew your subscription on time, you may incur a re-registration fee of £89.
- Once you’ve completed the exams, gained experience, and become an ACCA member, there’s an admission fee of £283 and an annual membership renewal fee of £283. In some cases, you may be eligible for a reduced annual membership fee of £142.
Exam Fees:
1. The exam fees vary depending on the exam level (Strategic Professional vs Skills/Foundation) and the entry window you choose.
2. Here’s a general idea:
- Standard entry offers cheaper fees but has a deadline to register.
- Late entry allows registration closer to the exam date but comes with a much higher fee.
3. There are two entry windows: standard and late.
- Strategic Professional Level: These exams are the most expensive, costing around £266 for standard entry and significantly more for late entries (up to £440).
- Skills and Foundation Levels: Exams at these levels are generally cheaper than Strategic Professional exams.
Additional Costs:
- Keep in mind that there may be additional costs associated with the ACCA qualification, such as study materials, course fees if you choose to take them, and exam resit fees if needed.
What to Expect from an ACCA Program
Here’s a brief outline of the ACCA course structure in the UK:
- Foundation level: This level provides a foundation in accounting and business. It consists of three exams:
- Accounting in Business
- Management Information
- Business and Technology (FBT)
- Skills level: This level develops your technical and professional skills. It consists of six exams:
- Accounting (AB)
- Management Accounting (MA)
- Financial Reporting (FR)
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Professional level: This level develops your strategic thinking and leadership skills. It consists of four exams:
- Audit and Assurance (AA)
- Financial Management (FM)
- Strategic Business Leader (SBL)
- Taxation (TX)
You can expect a mix of lectures, seminars, case studies, and practical projects. Many universities also offer opportunities for internships or work placements, giving you valuable real-world experience.
Career Prospects with ACCA
With an ACCA qualification from a UK university, you’ll be well-positioned to launch a successful career in accounting and finance. You could work for multinational corporations, government agencies, non-profit organizations, or even start your own business. The qualification opens up career opportunities in various fields, including:
- Financial Consulting
- Internal Auditing
- Taxation Management
- Finance Management
- Forensic Accounting
The ACCA qualification is highly respected by employers, and graduates often find employment in top firms such as Deloitte, EY, PwC, and KPMG.
The possibilities are endless!
Job Opportunities and Salary Expectations after ACCA in the UK
Job Title | Description | Average Salary (per year) |
Audit Assistant | Assists senior auditors in conducting financial audits, preparing audit working papers, and performing analytical procedures. | £25,000 – £35,000 |
Assistant Accountant | Provides support with bookkeeping, accounts payable/receivable, bank reconciliations, and financial reporting. | £28,000 – £40,000 |
Financial Analyst | Analyzes financial data to assess financial performance, identify trends, and make recommendations. | £35,000 – £50,000 |
Management Accountant | Prepares budgets, forecasts, and cost analyses to support management decision-making. | £40,000 – £55,000 |
Tax Accountant | Advises on tax planning strategies, prepares tax returns, and ensures compliance with tax regulations. | £45,000 – £60,000 |
Internal Auditor | Conducts internal audits to assess risk management, internal controls, and corporate governance. | £48,000 – £65,000 |
Financial Controller | Oversees all financial activities within a company, including financial reporting, budgeting, and risk management. | £55,000 – £80,000+ |
Corporate Finance Analyst | Analyzes financial data to support mergers and acquisitions, investment decisions, and capital budgeting. | £50,000 – £75,000+ |
Don’t Wait – Start Your Journey Today!
If you’re passionate about numbers, have a keen interest in business, and want to make a global impact, an ACCA qualification from a UK university could be your ticket to success. The UK offers a wealth of opportunities for aspiring accountants, with numerous ACCA certified universities providing top-notch education and support. By selecting a university that aligns with your goals and needs, you can set yourself on the path to a successful and rewarding career in accounting.
For more information on ACCA-certified universities and how to apply, visit Walk International.
Feel free to reach out to us at Walk International for personalized guidance and support in your ACCA journey. Our team of experts is here to help you every step of the way.
The world of accounting awaits you!
FAQs
1. What are ACCA-certified universities ?
These universities offer programs that integrate the ACCA qualification curriculum into their degrees. This allows you to earn a degree while simultaneously completing part of the ACCA qualification, potentially reducing your overall study time.
2. Is ACCA equivalent to a degree?
No, ACCA is a professional qualification, not a traditional degree. However, the fundamental level offers knowledge comparable to a bachelor’s degree, and the professional level is considered equivalent to a master’s degree in terms of its depth.
3. How much time does it take to complete ACCA at a UK university?
The duration can vary depending on exemptions awarded and your chosen program structure. It typically takes 3 years to complete the ACCA exams, but the combined degree program might extend this timeframe slightly.
4. Is ACCA difficult?
ACCA is challenging but achievable with dedication and hard work. It covers a broad range of subjects and requires a strong understanding of accounting principles.