Introduction

ACCA's entry-level suite of awards – ACCA Foundation Diploma – is being introduced after detailed consultation which commenced in 2008 with ACCA stakeholders, including employers, learning providers, members, students, other professional accountancy bodies and regulators. ACCA Foundation Diploma will provide even greater access to the ACCA Qualification and aims to satisfy the needs of employers by allowing individuals to choose from a flexible range of qualifications which will help them develop the relevant technical knowledge and practical skills required to perform in accounting technician roles.
ACCA Foundation Diploma consists of a suite of awards, including certificates, diplomas and a revised Certified Accounting Technician (CAT) Qualification. These flexible awards focus on the core skills of financial accounting and management accounting; and the wider role of the accountant in business at higher levels. The range of awards means employers can pick the level of qualification which most appropriately meets their business needs. In addition, it provides students with flexible entry points with certification awarded at each level, allowing students to tailor the awards, making them an attractive and relevant choice for employers.

Benefits of AFD Qualification

  • Is a flexible suite of qualifications, which meets the needs of both students and employers
  • Provides opportunity for students of ability and application, irrespective of a student’s educational background or learning environment
  • Develops skills and competences tailored to the needs of employers, the public and other key stakeholders
  • Uses innovative assessment and delivery mechanisms to create highly flexible qualifications
  • Provides a grounding in professionalism and ethical behaviour at the core of the qualifications
  • Gate way to enter in ACCA qualification

Eligibility

ACCA Foundation Diploma offers various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, based on their previous qualifications, experience and future career aspirations. It is important to note exams FAB, FMA and FFA within

Route 1: No formal Academic Qualifications

  • There is no formal academic qualifications required.
  • There is also no age requirement should you wish to start the qualification.
  • O-levels, Intermediate or Matriculation students are recommended to pursue their career in accountancy & finance.

Route 2: Entry Requirements for ACCA Qualification

For students who meet the minimum entry requirements to commence the ACCA Qualification i.e. have a minimum of 2 A Levels and 3 GCSEs or equivalent, they can either register for the ACCA Qualification and commence their studies at the Knowledge modules with F1, F2 and F3; or register on the AFD and complete the Introductory and Intermediate Certificates in Financial and Management Accounting if they prefer to take this route first. ACCA recommends students register directly onto the ACCA Qualification if they meet the minimum entry requirements for the qualification instead of entering the ACCA Qualification via ACCA Foundation Diploma. However, the option is available to those students who wish to obtain additional certificates at introductory and intermediate levels before commencing their studies on the ACCA Qualification.

Optional English and Mathematics Self-Check Modules

ACCA will continue to retain its open entry policy via AFD. However, to assist prospective students in gauging their general level of ability in English and mathematics, ACCA has developed optional self-check modules in English and mathematics. Included within the self-check modules are learning materials and links to other materials to help students improve their English language and mathematics skills which they may wish to complete before embarking on any of ACCA’s qualifications. The self-check modules and recommended tutorial support are optional to complete, the self-check modules are free of charge and can be accessed from the ACCA website.

Levels of AFD

Introductory Certificate in Financial and Management Accounting
Recording Financial Transactions (FA1)
Management Information (MA1)

Intermediate Certificate in Financial and Management Accounting
Maintaining Financial Records (FA2)
Managing Costs and Finance (MA2)

Diploma in Accounting and Business
Financial Accounting (FFA)
Management Accounting (FMA)
Accounting in Business (FAB)

Obtaining CAT Qualification (Optional)
ACCA has retained the CAT Qualification as part of the suite of awards within Foundations in Accountancy. In order to obtain the CAT Qualification, students will need to complete the following:

Subjects Qualification Awarded
FA1, MA1 Introductory Certificate in Financial and Management Accounting
FA2, MA2 Intermediate Certificate in Financial and Management Accounting
FAB, FFA and FMA Diploma in Accounting and Business
Two of the three options papers and one year practical experience Certified Accounting Technician (CAT)

Examination Structure

Introductory Certificate in Financial & Management Accounting (FA1 & MA1

Each examination:

  • is of two hours' duration;
  • contains 50 questions;
  • is out of 100 marks;
  • has a pass mark of 50%; and
  • contains two-mark multiple choice questions on l0079

Intermediate Certificate in Financial & Management Accounting (FA2 & MA2)

Each examination:

  • is of two hours' duration;
  • contains 50 questions;
  • is out of 100 marks;
  • has a pass mark of 50%; and
  • contains the following question types: multiple choice questions, multiple response questions, multiple response matching questions, and number entry questions - all worth two marks

Note: The FAB, FMA and FFA examinations follow the same structure and syllabus as the equivalent ACCA Qualification examinations (F1, F2 and F3 respectively).

Computer-based Examinations (CBEs)

Computer-based examinations will be available for all the above (seven) subjects (not the options papers) and paper based examinations will continue to be available for all examinations within Foundations Diploma.

Manual Examinations

Optional papers for AFD, FAU, FTX and FFM are manual only.

Fee Structure

ACCA Foundations Diploma from Dec 2013 CBE Paper Based
FA1 and MA1 (Introductory Certificate) £65 £48
FA2 and MA2 (Intermediate Certificate) £65 £48
FAB, FMA and FFA (Diploma) £85 £69
FAU, FTX and FFM (Options papers) - £69

Practical Experience Requirement

The ACCA qualification prepares students for a challenging and often demanding career as professional accountant. It is not sufficient to solely rely on theoretical knowledge developed through examination process. The ACCA qualification closely links practical experience to the examination syllabus.
To qualify as an ACCA member, students will need to complete three years of relevant practical experience in order to achieve 13 performance objectives (nine essentials and four from eleven options). Ideally, students should start working while studying for their ACCA examinations. However, this may be completed before or after qualifying ACCA examination.

Benefits of Studying AFD from CFE

  • Highly qualified and experienced tutors
  • Comprehensive and organized study programmed ensuring guaranteed success in each examination
  • Tutors' support after lecture hours
  • Career counselling, regular tests, quizzes and mock examination ensuring students A grade performance
  • Free Wi-Fi and Internet facilities

CFE's Accreditation/ Affiliation with ACCA (UK)

Approved Tuition Provider
CFE is a Gold approved tuition provider of ACCA
Licensed CBE Centre
CFE is ACCA's approved CBE centre

Tuition Fee 

Registration/ Paper Rs.
CFE Registration Fee 10,000
Recording Financial Transactions 13,000
Information for Management Control 13,000
Intermediate
Maintaining Financial Records 16,000
Accounting for Costs 16,0000
Diploma in Accounting and Business
Accountant in Business 17,000
Financial Accounting 17,000
Management Accounting 17,000
Total 119,000

Financial Assistance

  • The financial assistance approval will be applicable for the current session only. If a student wishes to apply for the next session, a new application along with new enclosure will be required and complete procedure to be followed.
  • Students who are transferring from any other qualification will require filling a new application along with the required enclosures.
  • The financial assistance approval in previous qualification will not be carried forward. The new application will be assessed again

Procedure

  • Form should be submitted to Manager Coordination/ Manager Operations.
  • Students will be interviewed by Manager Coordination/ Manager Operations.
  • Based on the interview, recommendation is made to the Principal for Financial Assistance.
  • Principal approves the Financial Assistance as per policies of the institute and keeping in view the budget of donations-allocated.

All applications will be processed within one week of submission.

Scholarships 

Sr. No Qualification Marks Obtained Scholarships
(%age of Tuition Fee)
1 Matriculation Position holder 100%
90% or above 50%
85% - 89% 40%
75% - 84% 25%
2 Intermediate Position holder 100%
75% or above 50%
70% - 74% 40%
65% - 69% 25%
3 O-Levels Position holder 100%
6 or more A's 50%
4-5 A's 40%
3 A's 25%

Faculty 

Paper Name Qualification Teaching Experience Email
FA1 Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
MA1 Madiha Asad MS banking & Finance (Cont),ACMA, M.A (ECO) M.COM 3 madiha.asad99@gmail.com
Rabia Tabbasum ACCA,M.COM 7
Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk
FA2 Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
MA2 Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk
Rabia Tabbasum ACCA,M.COM 7
FAB (F1) Ashraf Rehman PhD Scholar, M-Phil(I.T), MBA, BCS(H) 20 ashraf.2k12@gmail.com
Humaira Rashid M.A(HRM)-U.K,MSC(FM)-P.U 9
Mubashir Waseem M.Phil HRM (Cont.), MBA, MCS, M.Sc (Eco) 17 mubashir@cfe.edu.pk
FFA (F3) Imran Abbas M-Phil(Finance), ICMA(Fin) 11 imranabbaskhan@hotmail.com
Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
FMA (F2) Rabia Tabbasum ACCA,M.Com 7
Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk

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ASD

  • Out-of-Class academic support to weak students
  • Make-up classes for those who have missed out the regular class
  • Additional practice session, especially for numerical subjects
  • One qualified ACCA who is heading the department
  • Five dedicated academic support officers for after class student support

Admission Rules

  1. Registration fee is non-refundable and non-transferrable
  2. Admission process must be completed before commencement of classes by depositing institute's dues
  3. If you wish to withdraw or transfer your fee (pre result) of one or more papers, you can do so by writing an application in specified form to the course coordinator within 2 weeks from the commencement of the course
    • The fee shall be transferred without deduction
    • A deduction of 10% of applicable fee shall be made at the time of refund
      No application for refund or transfer shall be entertained in any case after the expiry of above period
  4. If you have appeared in the recent ACCA/AFD examination and awaiting result, you can withdraw or transfer your fee upon the declaration of result by writing an application to the course coordinator within the period of one week from the announcement of result
    • In case of transfer, no deduction shall be made if the fee is transferred to the same paper in next session.
    • In case of paper change, 50% of applicable fee is deducted and 50% will be transferred to immediate next session
    • In case of refund after the declaration of result, 50% of applicable fee will be deducted
  5. If your application for fee refund or transfer is not in accordance with above criteria, no such application shall be entertained. Please note that crossed cheque of fee refund shall be issued to the credit of the student or in the name of parents
  6. Any application for refund/transfer will be processed within one week after the above-mentioned deadlines
  7. Any outstanding dues must be cleared as per due dates
  8. After the expiry of due date, students with outstanding balance will not be allowed to take classes anymore
  9. Students are not allowed to drop any course/paper after enrollment
  10. If a student wishes to take extra class of any paper with other batch, he/she must inform the respective course coordinator
  11. If a student wishes to re-sit in any course, 50% tuition fee will be charged
  12. Course, for which a student is enrolled, may be cancelled, due to any circumstance, beyond institution’s control. However, in the event of such cancellation, students will be informed and fee submitted will be refundable without any deduction
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