ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)

 

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The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values which will deliver finance professionals who are capable of building successful careers across all sectors, whether they are working in the public or private sectors, practicing in accounting firms, or pursuing a career in business. In order to qualify as an ACCA member, you will complete:

  • 14 exams (nine of which are eligible for exemption)

  • Relevant practical experience, with a minimum of three years

  • A Professional Ethics module.

ENTRY REQUIREMENTS

The ACCA offers various entry points on to the ACCA Qualification, depending on your age and previous academic qualifications.

 

MINIMUM ENTRY REQUIREMENTS-FOR COUNTRIES USING THE GCSE

  • Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.

  • Full information on the minimum entrance criteria for each country is available in the ‘related documents’ section.

MATURE STUDENT ENTRY ROUTE (MSER)

  • Normally over age 21

  • No academic qualifications required

  • Must pass the equivalent of Papers F2, Management Accounting and F3, Financial Accounting within two years before further progression to the ACCA exams is permitted.

ACCELERATED GRADUATE-ENTRY ROUTE

Relevant degree holders from ACCA-accredited institutions may be exempted from all nine exams within the Fundamentals level and register directly at the Professional level. Degrees with some relevance may also qualify for exemptions

 

ACCESS TO ACCA VIA CAT QUALIFICATION

  • No academic qualifications required.

  • Sit Certified Accounting Technician (CAT) qualification first and then transfer to the Skills module of the ACCA Qualification by claiming exemptions from the first three papers in the Knowledge module.

FOR CANDIDATES WITH SOUTH AFRICAN SENIOR CERTIFICATE:

  • Senior Certificate – issued by the Matriculation Board with:

    • Completion of 6 subjects, 5 subjects passed in one sitting

    • Minimum aggregate mark of 45% is obtained, 3 subjects passed at Higher grade

    • 2 passes in a language (one at Higher Grade) With Passes in English and Mathematics is Sufficient for Registration

or

  • National Technical Certificate N4 is Sufficient for Registration

  • Higher Certificate (S2) / Higher Certificate in Technology (HCTech) formerly Technikon National Higher Certificate (T2)2 is sufficient for Registration

  • National Certificate (S1) / Certificate in Technology (CTech) formerly Technikon National Certificate (T1) is Sufficient for  registration
    * Other Countries contact us with the examination done and country.

Mature Students who are 21 years or older intending to register under MSER (Mature Students Entry Route) MUST demonstrate their capability of undertaking the course by passing an entry examination at the Polytechnic. This examination will be in form of an aptitude test.

How Much It Will Cost- ACCA Registration and Examination Fees

 

On registration you will be asked to pay an initial subscription fee. Then on 1 January each year, an annual subscription fee will be due. As you enter for exams or claim exemptions, a payment will be requested. The following fees are applicable in 2010 (and are subject to change without written notice)

 

ACCA Qualification Student & MSER Fees

  • Initial Registration £66

  • Subscription £66

  • *Re-registration fee £66

Exam/Exemption June 2010

  • Knowledge £53

  • Skills £66

  • Professional £78

*If you have previously been registered with ACCA and wish to re-register, you should complete form TRRR which can be obtained from the ACCA office. The re-registration fee is £66 (an additional penalty fee of £66, plus any outstanding fees that you owe, may also be charged if you were removed from the register for non-payment of any fees and had not previously informed ACCA that you wished to leave the register).

STUDY FEES AT JOHANNESBURG POLYTECHNIC

You will need to complete 14 papers in total. A maximum of nine papers in the Fundamentals level are available for exemption. Johannesburg Polytechnic charges the following based on the papers you wish to undertake. You can undertake a maximum of 4 Modules in one examination sitting e.g. June: 4 papers and December another 4 papers.

FUNDAMENTALS (nine papers in total)

Knowledge Level

Paper

Code Description

Tuition Fee

F1

Accountant in Business  (AB)

R 3000.00

F2

Management Accounting  (MA)

R 3000.00

F3

Financial Accounting  (FA)

R 3000.00

Skills Level

F4

Corporate and Business Law (CL)

R 3000.00

F5

Performance Management (PM)

R 3000.00

F6

Taxation R 3000.00 (TX)

R 3000.00

F7

Financial Reporting (FR)

R 3000.00

F8

Audit and Assurance (AA)

R 3000.00

F9

Financial Management  (FM)

R 3000.00

PROFESSIONAL LEVEL (five papers in total)

Essentials

P1

Professional Accountant (PA)

R 4500.00

P2

Corporate Reporting  (CR)

R 4500.00

P3

Business Analysis  (BA)

R 4500.00

Options (two to be completed)

P4

Advanced Financial Management  (AFM)

R 4500.00

P5

Advanced Performance Management (APM)

R 4500.00

P6

Advanced Taxation  (ATX)

R 4500.00

P7

Advanced Audit and Assurance (AAA)

R 4500.00

 

TUITION FEE BURSARY SCHEME

 

in order to meet the Accounting Skills deficit in South Africa, Johannesburg Polytechnic has come up with a bursary scheme for FULL TIME STUDENTS ONLY. Under this programme, South African Citizens, Permanent Residents and Protected Asylum Seekers/Refugees can apply for  a fee waiver of up to 50% of tuition fees. This will enable them to use the waiver for external examinations. Under the programme, you will undertake 4 papers in a single sitting, on a full time basis and must pass two papers to qualify for the fee waiver during the next exam session. Since this is the first time for bursaries to be given, we are only looking for applicants who are undertaking F1-F4. Papers F5-F9 will only be considered on a case to case basis. Please note that you will be required to undertake an aptitude test before you are formally accepted for the bursary programme.

 

HOW MUCH IS THE BURSARY

 

The ACCA Professional Scheme

 

Description

Normal Fees

What you pay under the Bursary programme

Registration Fee:

R 1,000.00  Once off

R 500.00 Once off

Tuition Fees

R 3,000.00 Per Module

R 1500.00 per module

Total Fees for 4 Modules (4Months)

R 13,000.00*

R 6,500.00*

 

Installments : R 3500.00 on Registration | R 1000.00 x 3 Monthly Installments

 

* Excludes External Examinations and Subscriptions. Excludes Books and Stationery

For more information and to apply for the bursary: Click here

 

RECOMMENDED BOOKS AND STATIONERY

ACCA recommends BPP books or Kaplans for all the papers. At Johannesburg Polytechnic we use both books which can be ordered separately or with the course as follows:

Please add another R200.00 for Stationery (books and pens etc) You must also have a Scientific Calculator.

*This is approximate price and may be more depending on the current prices. Books and stationery are not Included in tuition fees

IMPORTANT NOTICE

  • Registration fee: A registration fee of R 1000.00 is applicable for all courses. This is payable in advance and per year and

  • is non refundable.

  • Please use the paper codes and levels in this table to fill in the registration form provided.

  • Fees once paid are not refundable under any circumstances so long as classes have been booked and confirmed.

METHODS OF PAYMENTS

DIRECT DEPOSIT: Deposit your cash into the bank account and fax back the deposit slip or scan to email to: accounts@johannesburgpolytechnic.com

EFT: Electronic Funds Transfer- Simply Transfer the funds to our ABSA account conveniently and email the deposit slip to our accounts department.

CHEQUE PAYMENTS: Issue a CROSSED CHEQUE to JOHANNESBURG POLYTECHNIC and deposit it in the college bank account or bring it to the college.

BANKING DETAILS

ACCOUNT NAME:

JOHANNESBURG POLYTECHNIC

BANK:

ABSA SOUTH AFRICA

ACCOUNT NUMBER:

4072087713

ACCOUNT TYPE:

CURRENT-CHEQUE

BRANCH:

MARKET STREET

BRANCH CODE:

632005

SWIFT CODE:

ABSAZAJJ

REFERENCE:

YOUR NAME

 

COURSE DELIVERY MODES

 

Full time classes-These are available 3 days per week (Monday, Wednesday and Friday), they are ideal for those who are not currently working or anyone who feels he/she requires extra time to study. There are 4 two hour lessons per day giving you a maximum contact hours to pass your CAT programme

Part time Classes-These are available on Saturdays only from 9.00am to 5.00pm. Please note that the college may shift some part-time classes to Sundays during Block release programme.

 

PROGRESSION UPON COMPLETION

 

Upon completion of the Fundamentals, and provided you have passed F6, F7 and F9 you can opt to undertake the BSc in Accounting from Oxford Brookes University before proceeding with the Professional papers.  This degree has been jointly designed by the University and ACCA to meet the requirements of a degree and also those of a professional qualification. Students of ACCA are now automatically registered for the Oxford Brookes University degree when they enrol with ACCA. As soon as they have completed the Fundamental Skills papers F1 to F9 of the ACCA's professional examinations, and the Professional Ethics module, they may submit a "Research and Analysis Project" to Oxford Brookes University which will be assessed by the University Business School staff. This collaboration offers ACCA's students the opportunity to:

  • Gain a further prestigious award
  • Gain recognition of achievement within a professional development scheme/career path
  • Establish a 'firmer foundation' to further professional development.