Qualification
Common Standard
The core knowledge and skills required for ACCA members to work as accountants – in practice, commerce or the public and not-for-profit sectors – are consistent throughout the world. ACCA students are examined to a single international standard, regardless of where they live or study. Exams were held in 139 countries in 2006. Syllabus content varies only with essential regard to national legislation and taxation provision.
The new ACCA Qualification has been developed following global consultation with some 30,000 members, students and influencers in the profession, who were asked for their views on the skills and competences required of 21st century accountants.
In response to the consultation, ACCA is introducing its new qualification with an enhanced emphasis on professionalism and ethics.
A global consultation on accounting skills for the professional of the future
ACCA's research with stakeholders in 2005 gained widespread support. There was strong agreement that the new qualification will develop skills and competences relevant to the needs of employers and that it will place professionalism and ethical behaviour at its core. A global survey of professional accountants revealed the following to be the most important competences for modern professionals:
- maintaining confidentiality and upholding ethical standards
- preparing financial information
- complying with legal and regulatory requirements
- interpreting financial statements
- communicating effectively
- preparing financial statements
- problem-solving and managerial skills.