Chartered Certified Accountant
Encyclopedia
Chartered Certified Accountant (designatory letters ACCA or FCCA) was historically seen as a British qualified accountant
designation awarded by the Association of Chartered Certified Accountants
(ACCA). However, although ACCA is UK based, it is a global body for professional accountants with 147,000 qualified members and 424,000 students globally. Support offices/centres exist in 83 countries.
The term Chartered Certified Accountant was introduced in 1996. Prior to that date, ACCA
members were known as Certified Accountant. It is still permissible for an ACCA member to use this term. Members of ACCA with sufficient post-qualification experience are designated Fellows, and use the designatory letters FCCA in place of ACCA.
The term Chartered refers to the Royal Charter
granted by Her Majesty Queen Elizabeth II of the United Kingdom
.
Subjects examined include financial accounting, management accounting
, auditing, taxation, financial management
, performance management
, strategic management
and company law.
Chartered Certified Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.
Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as such must be members of ACCA. If they carry out public practice engagements, they must comply with additional regulations such as holding a practising certificate, being insured against any possible liability claims and submitting to inspections.
British qualified accountants
British qualified accountants are full voting members of United Kingdom professional bodies that evaluate individual experience and test competencies for accountants....
designation awarded by the Association of Chartered Certified Accountants
Association of Chartered Certified Accountants
Founded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
(ACCA). However, although ACCA is UK based, it is a global body for professional accountants with 147,000 qualified members and 424,000 students globally. Support offices/centres exist in 83 countries.
The term Chartered Certified Accountant was introduced in 1996. Prior to that date, ACCA
Association of Chartered Certified Accountants
Founded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
members were known as Certified Accountant. It is still permissible for an ACCA member to use this term. Members of ACCA with sufficient post-qualification experience are designated Fellows, and use the designatory letters FCCA in place of ACCA.
The term Chartered refers to the Royal Charter
Royal Charter
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organizations such as cities or universities. Charters should be distinguished from warrants and...
granted by Her Majesty Queen Elizabeth II of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
Subjects examined include financial accounting, management accounting
Management accounting
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control...
, auditing, taxation, financial management
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
, performance management
Performance management
Performance management includes activities that ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as many...
, strategic management
Strategic management
Strategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments...
and company law.
Chartered Certified Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.
Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as such must be members of ACCA. If they carry out public practice engagements, they must comply with additional regulations such as holding a practising certificate, being insured against any possible liability claims and submitting to inspections.
See also
- Association of Chartered Certified AccountantsAssociation of Chartered Certified AccountantsFounded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
- Association of Authorised Public AccountantsAssociation of Authorised Public AccountantsThe Association of Authorised Public Accountants is a British professional body for public accountants.The AAPA was formed in 1978 as a professional body for auditors recognised individually under the Companies Act 1948. AAPA achieved formal recognition by the Department of Trade and Industry in...
(Subsidiary of ACCA) - Certified Accounting TechnicianCertified Accounting TechnicianThe Certified Accounting Technician UK qualification is offered by the Association of Chartered Certified Accountants . Upon completion of the exams and required practical work experience the CAT graduate will be able to apply to use the letters CAT after his or her name...
(CAT - junior qualification of ACCA) - British qualified accountantsBritish qualified accountantsBritish qualified accountants are full voting members of United Kingdom professional bodies that evaluate individual experience and test competencies for accountants....