ACCA syllabus and its structure

ACCA syllabus and its structure

ACCA Syllabus and its Structure

The ACCA syllabus consists of 13 papers divided into 3 levels:

  • Applied Knowledge – 3 papers
  • Applied Skills – 6 papers
  • Strategic Professional
    1. Essentials – 2 papers
    2. Options – 2 papers from 4

Applied Knowledge

This level is the starting point of ACCA Journey. There are 3 papers to study and sit for exams. Once you pass all three subjects, you can continue to ACCA Skills level. For detail information, you may go through the links below.

  • Accountant in Business- AB
  • Management Accounting- MA
  • Financial Accounting- FA

Applied Skills

Comprising modules LW (F4) to FM (F9), this module examines the principle technical subjects that you’re expected to have an advanced understanding of. These subjects include law, taxation, auditing and financial management, financial reporting and performance management. You will develop knowledge and skills in these subject areas, reaching a level of knowledge equivalent to a bachelor’s degree.

  • Corporate and Business Law– LW (F4)
  • Performance Management– PM (F5)
  • Taxation– TX (F6)
  • Financial Reporting– FR (F7)
  • Audit & Assurance– AA (F8)
  • Financial Management– FM (F9)

Strategic Professional

Once your skills level is completed, you have to sit the exams of strategic professional. It comprises 4 subjects which are subdivided into 2 categories.

         a) Essentials

This module is called Essentials as it will provide you with the specialized skills and techniques required to become an expert accountant, either in a consultancy or high-level advisory role. SBL paper is assessed with a 4-hour paper-based exam while SBR with 3-hour.

 

       b) Strategic Professional (Options) – Choose any 2 from 4

You can choose any 2 from the 4 papers available. This will give you an extra choice to select the paper where you want to be more expert.

  • Advanced Financial Management–  AFM  (Formerly P4)
  • Advanced Performance Management– APM  (Formerly P5)
  • Advanced Taxation– ATX  (Formerly P6)
  • Advanced Audit & Assurance (UK or International)– AAA (Formerly P7)
ACCA-Vs-CA.-Whats-The-Difference

ACCA Vs CA. What’s The Difference?

What is ACCA?

ACCA stands for Association of Chartered Certified Accountants, a globally recognized qualification spreading over 180 countries, the world’s leading professional accounting body which set up in London 1904.

ACCA has more than 5,00,000 students throughout the world.  It mainly focuses on the excellence of the Accounting and Finance profession giving their students an additional knowledge of UK GAAP, their Laws, and IFRS and this is the main advantage of doing ACCA.

After pursuing ACCA, one can start his career with some MNC or a local firm handling overseas and local clients. They can opt for various career options like Finance, Taxation, business consultants, Audits, Bankings and many more. Some countries which highly recognize the ACCA qualification are Australia, Ireland, the UK, Canada, and many others.

What is CA?

CA stands for Chartered Accountancy, one of the most sought and rewarding career options among the commerce students. Chartered Accountants mainly focus on Audit as their main profession. 

They are treated as an expert in various domains starting from accounting, auditing to finance, taxation, corporate laws, etc. The career options after becoming a Chartered Accountant are countless. They can join an Audit firm, or Local or Multinational Company as an Internal Auditor,  or can join some foreign or local banks to guide them in their financial and legal matters or start your own practice.

In Nepal, the profession of Chartered Accountancy is regulated by the Institute of Chartered Accountants of Nepal (ICAN) which was established by parliament under the Chartered Accountants Act, 1997. After completion of three levels of examination (CAP I, CAP II, and CAP III) with three years of articleship training under a qualified CA, one can get the membership of ICAN and with the Certificate of Practice (COP), one can practice as a professional accountant. 

What is the difference between ACCA and CA?

Which one is better? Which is more flexible? If you are confused between ACCA and CA and the above questions are bothering you, then you should not miss reading this. 

Point of Difference ACCA in Nepal CA in Nepal
Recognition Recognized in more than 180 countries Recognized in Nepal and some other countries where ICAN has MOUs 
Established year 1904, one of the oldest professional accounting bodies 1997
Regulating body ACCA UK ICAN
Demands Equally demanded by govt & private organisations, MNCs, firms, etc Equally demanded by govt & private organisations, MNCs, firms, etc
Practice in Nepal Need to pass some ICAN papers and fulfill articleship requirements ICAN members can directly go for practice in Nepal
Accounting standards Focuses on IFRS (International Financial reporting standards). Gives additional knowledge internationally accepted accounting practices & GAAP (Generally accepted accounting practice) Focuses on Nepal Accounting standards. Recently it has started to work on NFRS (Nepal financial reporting standards)
Flexible study options Very flexible. one can attempt a single paper at a time One has to attempt at least one group at a time.
Pass percentage 40% – 50% 4% – 5%
No. of papers 13 papers 20 papers
Entry requirements +2, Bachelors, Masters +2, Bachelors, Masters
Articleship required 3 years 3 years
Average Salary range Similar  Similar

 

Summary:

Both ACCA and CA are popular choices in the market. Both courses are based on quality, learning approaches and highly respected. To decide which qualification fits more, one can visit local offices and colleges or go through the official website of ACCA and ICAN.

Official website of ACCA: www.accaglobal.com

Official website of ICAN: www.ican.org.np

References:

www.accaglobal.com

www.ican.org.np

You can even visit one of the leading colleges for ACCA in Nepal, Seed Financial Academy, to have the actual figure of these professional qualifications. Follow the website www.seedfinancial.com.np to get all the updates

Thank you Tutors by Asmita Thapa

Thank You Tutors

HAPPY FIRST BIRTHDAY TO SEED. We’ve all grown with SEED this one year, steadily and substantially. And no doubt, the major credit goes to our beloved teachers. Let’s take a moment to celebrate their contribution to our furtherance.

When the guru-shishya relationship has evolved in itself since ancient times, this, in professional studies such as ACCA has an even zestful association. Our teachers here have been doing more than just feeding us with course contents during the class hours, by being present as a constant support system. The tutor, motivate, inspire as well as guide.

The strictest teacher in the class can be candid outside of the classroom. Such friendly interactions don’t induce indiscipline; instead, that is when real talks happen. The semi-formal approach of dealing with the students facilitates better and more open communication of students’ problems. It makes it easier for students to network and create valuable connections. This I think, is mostly attributable to the fact that they are young and are a cooler presence in the classroom than a typical college dean or school principal. Thus they tend to be more relatable to the students as they can set the tone of the lectures likewise and bring to the table a fresher, progressive perspective, by giving relevant examples, throwing in a few jokes and encouraging discussion.

There’s a thin line between the classroom being fun or rowdy, which is balanced by discipline. But (most) professional students are sensible enough to realize their purpose of being in the class and be self-motivated to learn, and thus the latter is never a problem. Their young blood energy of the teachers resonates with the students. Maybe because they have gone through similar struggles of student life not very long ago, so they are really very heedful about catering to specific intellectual needs of various calibers of students. At this level, they should not have to check the class and test performances, yet they do. Their actions and gestures clearly show how much they care for us, for instance, leaving an inspiring quote at the end of test question paper or, dealing with queries and sending course relevant articles through online groups.

The panel of tutors is proof that age does not define experience or knowledge. They have acquired the competence and humbling experience because they started early. They are working professionals so even the performance of their job requires them to be updated with any new changes in the rules and regulations, including things not in the ACCA syllabus yet. They are here to give us more than the books do, and they do. They even encourage research-based study habits among the students, and to not limit themselves to the syllabus.

Our teachers definitely set an admirable example on ACCA qualified professionals should be like.  They are undoubtedly playing their role well in the flourishment of the ACCA community.

Asmita Thapa, Student at Seed Financial Academy

seed 1st anniversary

Seed 1st Anniversary

Seed 1st Anniversary

Dear Friends,
At the very outset, we would like to congratulate you all on the successful completion of the first year of SEED. It is really exciting to look one year back when few of our management team members were discussing about starting up a new venture that aims to provide quality and unique value to existing and prospective ACCA students which was not evident in the existing market.

In this short span of time, despite being the youngest of the learning providers, we have achieved many milestones and as we can sense from the market we are standing out as best amongst the learning providers in Nepal.


In the very first session, we were able to run classes for all papers of ACCA which would not have been possible without the trust and confidence of all of you being shown to our team. Breaking the history, we have got Approved Learning Provider- Gold status from ACCA UK in a very short period of our inception. As a landmark, we have entered into Memorandum of Understanding with some of the key employers of Nepal that includes audit and accountancy firms that aim to provide support to our valued students to fulfill their practical experience requirements. Considering the difficulties that the ACCA students are facing as they go into the job market, we have introduced a new paper “Employability Skills (ES)” which has been a part of ACCA qualification at SEED. Thanks to our qualified and capable team of faculties, professional management and dedicated efforts of students which helped us to produce the highest number of toppers among all learning providers in very first examination sessions. Extra support classes, Revision classes, and CBE focused sessions have been a regular part of our academic activities.


Standing on a strong base with 280+ students, we are looking forward to higher enthusiasm. We always aim to contribute to the overall personal and professional growth of our students. We will continue to work hard and smart with new innovations and ideas keeping up high with our slogan, “Grow with us” and embedding culture of continuous engagement and improvement.


Once again, we express our sincere gratitude to our students, staff and faculty members and our valued stakeholders for all that we have achieved so far and look forward to our endless collaboration in the future.


Let’s work jointly to make SEED the college of first choice amongst ACCA students.
“Work Hard in Silence; Let Success Be Your Noise” -Frank Ocean

Thank you.

acca strategic business leader

ACCA Strategic Business Leader

ACCA STRATEGIC BUSINESS LEADER

Overview

The Strategic Business Leader exam is designed to mirror the workplace and requires you to demonstrate a blend of technical, ethical and professional skills. It will help manage, motivate, and influence others to work towards that same spirit, to make inspire to change or create structure in business. 

Strategic Business Leader is ACCA’s case study exam at the Strategic Professional Level. ACCA introduced the Strategic Business Leader to help you develop different skills. It is especially about having strategic, technical and professional abilities to manage the business in the right direction, from the top-level down. Moreover, it gives you the skills you’ll need if you aspire to grow through the rank of business. 

This is absolutely a new examination with a leadership focus, designed based on extensive industry research. SBL builds upon the knowledge that you obtained at the Applied Knowledge and Applied Skills levels. But, it does also have its own distinct syllabus content. This provides you insight into expert skills that you can apply in your exam and in your workplace. SBL looks into the following key topics: Corporate governance, Leadership, Strategy implementation, Risk management, Organisational control, Technology, and data analysis, Finance in planning and decision making,  Innovation, performance excellence, and change management. 

Being a strategic professional exam, ACCA Strategic Business leader is one of the tough exams in the ACCA portfolio. But, passing ACCA business leaders isn’t impossible at all. The exam will focus on one main organization, and all of the question requirements will relate to this organization. You may have to take on a variety of roles, which may require you to adopt an internal or external perspective when answering questions. You will also be required to respond to a variety of people within the organization. 

Exam Format

The examination consisted of a 4-hour exam with a single section that must attend compulsorily. It includes reading, planning, and reviewing time which can be used flexibly within the examinations. The marking scheme included 80 technical marks and 20 professional skills and competencies marks. To stand the best chance of passing the SBL exam, you need to have a good understanding of the entire syllabus. It conveys to students a clear idea of the course content and the knowledge they will obtain throughout the course. 

This study will be an in-depth business situation that you might be expected to meet in your job as an accountant. Also, you’ll be given between 12 and 18 pages of mixed information in general introduction to business scenario. It includes: 

  • Media
  • Spreadsheets
  • Presentations
  • Tables
  • Pictures
  • Diagrams
  • Graphs
  • Survey results
  • Interview transcripts
  • E-mails
  • Memos
  • Briefing notes

Use these elements to perform tasks you would do in the workplace. You earn marks after completing these tasks. You might have to take on various leadership/ manager or consultant roles in relation to these tasks. So, if you were an external auditor in some reputable companies, you might have to prepare a presentation. When you get these materials in the exam, you’ve no pre-preparation time. The concept is that you spend time learning and understanding the material once you understand what the requirements are, then plan and prepare your approach before writing your answers. 

Exam Techniques

Professional Marks

Different from other SBL exams, 20% of total marks in the Strategic Business level are from professional exams. Professional marks test whether you have the professional and behavioral skills that you need as an expert leader and qualified accountant. They are not totally related to the syllabus content. It just shows that you have the skills to operate in the workplace as an expert strategic business leader. Knowing the fact that how these professional marks apply is crucial, you will have more chances to write your answers in the best possible way to get these extra marks in the exam. It usually falls under five main areas, which test leadership capabilities each: 

Communication, Commercial acumen, Analysis, Scepticism, and Evaluation 

In short, it is easy to gain technical marks because you could know the syllabus inside-out, but if you don’t express yourself in the proper way, you may lose your professional marks.  

Technical Marks

Whereas, Technical marks comprise 80% of the exam giving those who correctly apply syllabus content. But unfortunately, the Exam technique is a huge reason students fail the ACCA exam, and it also happens to those who understand the course syllabus well. Here are some principles of good exam technique for ACCA strategic business leaders, which you can apply during the exams. Good Time Management, Effective reading, Not just reading-proper analyzation, Pre-Planning, Good writing skills. 

All questions will be referred to the same case materials in the Strategic Business leader’s technical exam, so make sure you understand all the topics provided to you by 40 minutes of reading and planning. Once you understand all the context, it will be easy for you to answer the questions. 

Completing these tasks successfully is how you earn good marks during the exams, you might have:-

  • Analysis of the external environment and interpret data.
  • Assess the status and performance of an organization
  • Identify strategic problems and resolve the issue 
  • Manage risks
  • Make better strategic choices
  • Evaluate strategic choices using forecasting techniques
  • Decide on possible solutions using updated technologies
  • Implement change and innovate responsibly.

We have a list of resources to help our students better prepare for the acca exam. if you have any question you can also visit our FAQs page or contact us directly.

Average salary of ACCA in Nepal

Average Salary of ACCA in Nepal

What is the Average Salary of ACCA in Nepal?

The Answers most people who are pursuing or thinking of pursuing  a career in the field of CA/ACCA would like to know is:

  • What is the salary of ACCA in Nepal?
  • What is the Salary of CA in Nepal? 
  • How much does CA earn in Nepal?
  • How much does ACCA earn in Nepal?

What is ACCA?

The Association of Chartered Certified Accountants, established in 1904  is the global body for professional accountants that operate from Uk offering the ‘ Chartered Certified Accountants” Qualification. It is approved by the member states of the European Union and the United Nations and ACCA degree is applicable in 180+ countries.  ACCA works through a network of over 104 offices and centers in 52 countries – with 323 Gold Status Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development. Gold Status is only granted to the institution that delivers the highest quality of education. 

For those who would like to own experience and comprehensive knowledge of the finance sector, ACCA works big time. As a globally accepted education and Industry related content, ACCA Qualifications is a great way to build a career in finance and accountants. Apart from that, an ACCA profession can work as a financial planner, management consultant, and so.on. 

How to become an ACCA?

The courses and exams are divided into three categories: Knowledge, Skills, and Module. To become a qualified chartered certified accountant, you need to:

  • Attempt and clear 13 exams(exemption can be claimed up to nine exams)
  • 36 months of supervised relevant practical experience 
  • Complete the Ethics and Professional Skills module. 

After completing these examinations, you will become a member of ACCA. Becoming a ACCA is a dream for many accountants. It takes 10 years to complete the full qualifications but if you choose to sit 4 exams per year, you could complete it in around 4 years. Once you finished your completion, you can apply for  Chartered Status with ACCA. The status does not only show your ethical and professional commitments but also offers you greater flexibility in your career. 

ACCA provides three units that make up full qualifications which give you a broader understanding of the strategic elements of finance and audit. It includes:

  • ACCA Applied Knowledge
  • ACCA Applied Skills 
  • ACCA Strategic Development. 

Average Salary of ACCA in Nepal.

Qualifying doesn’t mean you’ll get higher salaries. Rather your experience and skills growth as you continue to learn. Your salary increases concordantly as you progress through various milestones. According to research, there is an average salary of ACCA that varies according to various sectors like the industry in which he/she works, city and experience. According to the research, students get a monthly salary of 10,000 during internships and the average salary of freshers ACCA range between 15,000 to 30,000 (depending on the company). Moreover, there’s a considerable increment of 10k+ according to your performance and skills. Whereas an experienced ACCA may get more than 50,000 or more according to the organizations they work for. It could go higher too, depending upon the candidate’s skills, company’s demands, competition, etc. Also, there’s a good chance for those who haven’t completed the ACCA but have completed the intermediate level and done 3 years of the internship period, they can get a job with a salary of 25,000+ per month. 

With the growth of more and more multinational companies, there has been a rise in jobs for ACCA professionals. Many multinational and local firms seek or require their employees to study for this prestigious qualification. 

There are mainly 3 major areas where you can pursue your career after becoming an ACCA. They are:-

  • Auditing and Assurance Services
  • Entrepreneurship
  • Job in the related field

Also, Some of the roles performed by ACCA members: 

  • Accountant
  • Management Accountant
  • Business Advisor
  • Credit Control Manager
  • Internal Auditor 
  • Chief Financial officer
  • Tax Accountant
  • Risk Manager
  • Governance officer
  • Business Analyst
  • Treasurer
  • Financial

Want to become a qualified ACCA join us at Seed Financial Academy.

Best ACCA institute in Nepal

Best ACCA Institute in Nepal

Best ACCA institute in Nepal/ Seed Financial Academy

ACCA (the Association of Chartered Certified Accountants) Qualifications is a highly-regarded accountancy qualification. It is the global body for professional accountants that operate from Uk.  ACCA’s degree is applicable in 180+ countries. ACCA works through a network of over 104 offices and centers in 52 countries – with 323 Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development. 

The qualification is designed to teach students the financing and accounting knowledge, skills, and professional values to build a successful career. It is a legally protected term. The person who introduces themselves as chartered certified accountants must be members of ACCA.  

To become a qualified chartered certified accountant, you need to complete:

  • 13 professional examinations (exemption can be claimed up to nine exams)
  • Three-years of supervised relevant practical experience requirements
  • An Ethics and Professional Skills module. 

While you search for ACCA training, you can find a number of institutions in Nepal that provides ACCA courses. But finding the best one is always a tough job. Being the best ACCA institute in Nepal, Seed financial Academy is dedicated to providing excellent results under the guidance of its professional management and dedicated faculty. It is a Gold Approved Learning Partner and also a Licensed Center of ACCA, UK. The careful and fastidious training and teaching-learning methodology they offer ensures that the students get quality education along with world-class technical training. 

If you want to develop a successful career in finance and accounting, you can choose Seed Financial Academy. Before joining the courses, do some research about the institute and also you can check how experienced the faculty of the institute are. 

Why study your ACCA with Seed financial Academy?

  • Dedicated and professional team of management.
  • Prominent team of the faculty members with extensive experience ranging from 3+ years to 10 years in teaching professional accountancy courses.
  • Mock exams and feedback.
  • Digital classroom and techno-savvy learning environment.
  • Dedicated support and mentorship through every step of your studies.
  • Career and interpersonal development programs that prepare you to be work-ready when you jump into your professional career. 

Apply Now

If you have any questions feel free to visit our FAQs page. If you don’t find the answers you need here, contact us

WhatsApp Image 2019 10 04 at 1.59.59 PM 1

Our Unique Partnership With Employers Continues

OUR UNIQUE PARTNERSHIP WITH EMPLOYERS CONTINUES

As part of our unique partnership program with crucial employers, Seed Financial Academy, on 3rd October 2019 has entered into Memorandum of Understanding (MOU) with Complete Business Solutions. Mr. Ananta Gautam ACCA, Academic Director of SEED and Mr. Suresh Amatya FCA, Managing Partner of the Firm attended the signing ceremony and exchanged the signed MOU.

The key purpose of the MOU is to facilitate ACCA students of SEED in completing their practical experience requirement as part of ACCA qualification by providing unique opportunity to get on-the-job training in the said Firm.

ABOUT PARTIES TO THE MOU:
Seed Financial Academy is Nepal’s prominent provider of ACCA qualification. Seed is a Gold Approved Learning Partner and also a Licensed CBE Center of ACCA, UK. Led by a team of professionals with experience in providing high-quality professional accountancy education, Seed is striving continuously to offer quality education at its campus with world-class infrastructure and facilities.

Complete Business Solutions is a management consulting firm established in 2010. The firm focuses on personalized service and provides a range of services on Accounting, Auditing, Taxation, Corporate Advisory, Management Consulting, Financial Planning, and other allied services. The firm is also a Gold Approved Employer from ACCA, UK.

If you are an ACCA student of SEED or looking forward to join SEED, please forward your CV to info@seedfinancial.edu.np.

ONLY TUTORING YOU IS NOT OUR AIM. WE FACILITATE YOU TO “LIVE” THE PROFESSION YOU CHOOSE.

seed futsal tournament

Seed Intra-College Futsal Tournament

Seed Financial Academy organized 1st ever Intra-College Futsal Tournament 2019. The two days tournament took place on 13th September and 14th September 2019 at Maitidevi Futsal. Each team had 7 members.
Nepa booking took complete responsibility for the booking management of the tournament. It was built with the aim to create a convenience and well-organized place where all Futsal players and fans can count on.
One of the main aims of this tournament is to build a stronger relationship with all participating students through sports. Also, it helps to improve their cooperation skills, boosts self-confidence and lowers the risk of getting obese. Other than that, it helps to encourage a better lifestyle amongst participants and not forgetting, to relax and have fun.

Event Details:
Event: Intra-College Futsal Tournament
Venue Location: Maitidevi Futsal ground
Match date: September 13th to September 14th
Time: – Sept 13th (11:00 Am to 5 Pm) Sept 14th (10 Am to 1 Pm)


All the competitors showcased a display of true sportsmanship on and off the pitch.

A total of 9 teams participated in the tournament. There were 6 boys’ teams and 3 girl’s teams.

Among the Girls, Team Seed Sparklers won the match while Team Seed Supernovas was runner up. And, the winner among the Boys was the Team Seed Veterans & runner up was the Team Seed Thunders.

The awards were presented to the winner and runner ups by Chief Guests Mr. Rabin Katwal & Sunil Katwal.

Congratulations to the winning teams for all the hard work. You took the meaning of teamwork to a whole new level. Thank you all! We look forward to hosting future sporting tournaments to boost the spirit of sportsmanship

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Want to know more about ACCA or other courses we offer