This article’s factual accuracy may be compromised due to out-of-date information. Please update this article to acca affiliate recent events or newly available information.
The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974. Chartered Certified Accountant’ is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections. British professional bodies for public accountants, has been a subsidiary of ACCA since 1996. ACCA works in the public interest, assuring that its members are appropriately regulated. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.
1909: Ethel Ayres Purdie is elected as the first female associate member of an accounting professional body. 1930: London Association of Accountants successfully campaigned for the right to audit companies. 1933: London Association of Accountants renamed to London Association of Certified Accountants. London Association of Certified Accountants to become the Association of Certified and Corporate Accountants. Association of Certified and Corporate Accountants.
1971: Association of Certified and Corporate Accountants renamed Association of Certified Accountants. 1974: Royal Charter granted by Queen Elizabeth II. 1984: Association of Certified Accountants renamed to Chartered Association of Certified Accountants. 1995: ACCA members voted at an extraordinary general meeting to rename itself Association of Chartered Public Accountants and to introduce the designation Chartered Public Accountant. The Privy Council subsequently rejected this proposal over concerns about the term ‘public’. It did however agree that any accountancy body bearing a royal charter could use ‘chartered’ as part of its designation. 1996: Chartered Association of Certified Accountants renamed to Association of Chartered Certified Accountants.
1998: ACCA’s syllabus formed the basis of the United Nations’ global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants, published in 1999. ACCA was a participant in the consultative group that devised this global Benchmark. 2001: ACCA received a Queen’s Award for Enterprise: International Trade, recognising ACCA’s growth and its role in 160 countries worldwide. 2002: ACCA received its second Queen’s Award for Enterprise in the space of 12 months, in the Sustainable Development category. The award recognized ACCA’s continuing work on social and environmental issues. 2011 onward: ACCA is the first accountancy body to publish an integrated annual report.
2014: ACCA members and student numbers reached 600,000 worldwide. 2015: ACCA launched MSc in Professional Accountancy with the University of London. 2017: ACCA reached over 700,000 members and students worldwide, with 208,000 fully qualified members and 503,000 students in 178 countries. Chartered Certified Accountant is the professional body’s main qualification. Following completion of up to 13 professional examinations, three years of supervised, relevant accounting experience and an ethics module, it enables an individual to become a Chartered Certified Accountant. The ACCA professional examinations are offered worldwide four times yearly in March, June, September and December as paper-based exams.
From September 2018 onward, the syllabus comprises 13 examinations and an Ethics and Professional Skills module, although some exemptions are available. The Strategic Professional level involves 4 examinations: 2 from Essential and any 2 from Options. The ACCA full Professional qualification is regarded as the equivalent of a taught UK master’s degree by the UK NARIC and Department for Education. In order to achieve a certificate for the exams completed students must also complete a foundation ethics module called Foundations in Professionalism, but this only has to be completed once, even if a student wishes to achieve both certificates and the diploma. The Foundation-level exams are available as paper-based exams held in March, June, September and December or as on-demand computer-based exams throughout the year at ACCA licensed exam centres. Applied Accounting, offered in association with Oxford Brookes University. MSc in Professional Accountancy, offered in association with the University of London.