Introduction of the Professional Body

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. They aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
They support their 162,000 members and 428,000 students throughout their careers, providing services through a network of 89 offices and active centers in 173 countries. Their global infrastructure means that examinations and support are delivered – and reputation and influence developed – at a local level, directly benefiting stakeholders wherever they are based, or plan to move to, in pursuit of new career opportunities. Their focus is on professional values, ethics, and governance, and they deliver value-added services through global workforce of 1,100 people in accountancy partnerships, working closely with multinational and small entities to promote global standards and support.
They use their expertise and experience to work with governments, donor agencies and professional bodies such as the International Federation of Accountants (IFAC) to develop the global accountancy profession and to advance the public interest.
Their reputation is grounded in over 100 years of providing world-class accounting and finance qualifications. They champion opportunity, innovation, diversity, integrity and accountability. By promoting their global standards and supporting their members wherever they work, they aim to meet the current and future needs of international business.

Benefits of ACCA Qualification

  • Its flexible mode provides students an opportunity to work while they are studying.
  • Better employment prospects due to international recognition of the qualification.
  • ACCA is recognized in almost 173 countries and through their relationship building they have achieved strong recognition in all the countries.
  • Candidates not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organizational management and strategy development.
  • The qualification does not concentrate only on theory, but prepares a graduate for practical usage.
  • Opportunity to have UK universities BSc (Hons.) after passing 9 papers out of total 14 papers and to pursue MBA from international universities.

Eligibility

ACCA offers different entry routes, depending on your age and previous academic qualifications.

Route – A

  • 2 Passes in GCE A' Levels and three GCSE/ GCE O’ Level in five separate subjects including Math's and English (If not English, then IELTS 6.5 band or TOEFL with CBE – 170/PBE 500 scores).
  • American Higher School Certificate with at least 50%

Route – B

  • Graduation (B.A, BBA, B.Com, B.Sc from any recognised University)

Route – C

Via ACCA Foundations Diploma (FD) or Foundations in Accountancy (FIA)

  • Recommended for Matriculate or Intermediate passed students
  • Students having passed the Seven Examinations from Introductory, Intermediate and Diploma stage of FD/ FIA qualification are eligible for exemptions of knowledge modules (F1, F2 & F3) papers. (requiring 11 papers to pass out of total 14)

Exemptions in ACCA

A maximum of nine papers at the Fundamentals level of the ACCA Qualification can be awarded. To preserve the integrity and rigor of the ACCA Qualification and to ensure that all students share a common experience, ACCA does not award any exemptions at the Professional level.
Exemption from all three levels of the Certified Accounting Technician (CAT) Qualification can be considered, depending on the standard and equivalence of the qualification held.
Exemptions are also available for the Foundations in Accountancy suite of awards. No exemptions are awarded from any of the papers of modules examined within ACCA's suite of post-professional qualifications.

Previous Qualification Exemptions from ACCA Papers
MBA F1-F3, (depending upon specialization)
M.Com F1-F4
BBA (Honours) F1-F3, (depending upon specialization)
CA Intermediate (ICAP) F1-F3
CA Complete (ICAP) F1-F9
CA Complete (ICAEW) F1-F9
CIMA (UK) F1-F9
CMA (ICMAP) F1-F4

Modules

The ACCA qualification has two levels, the Fundamentals level and the Professional level. Both must be passed if you are to become qualified. The levels are made up of distinct modules that are studied sequentially. They are designed to give you a full understanding of every aspect of professional accountancy

Knowledge Modules

F1 – Accountant in Business
F2 – Management Accounting
F3 – Financial Accounting

Skills Modules

F4 – Corporate and Business Law
F5 – Performance Management
F6 – Taxation
F7 – Financial Reporting
F8 – Audit and Assurance
F9 – Financial Management

Essentials Modules

P1 – Governance, Risk and Ethics
P2 – Corporate Reporting
P3 – Business Analysis

Optional Module

P4 – Advanced Financial Management
P5 – Advanced Performance Management
P6 – Advanced Taxation
P7 – Advanced Audit and Assurance

Examination Structure

Exam Format (F1, F2, F3)

Each examination:

  • is of two hours duration
  • is out of 100 marks
  • has a pass mark of 50%
  • contains 2 sections:
  • section A contains objective test questions (OTs)
  • section B contains multi-task questions (MTQs)

Exam Format (F4)

The syllabus is assessed by a two-hour examination The examination consists of:

Section A

  • 25 x 2 mark objective test question 50%
  • 20 x 1 mark objective questions 20%

Section B

  • 5 x 6 mark multi-task questions 30%
Exam Format (F4 - F9)
Subject Current Exam Format Trialled Specimen From December 2014 ∗
F4 10 × 10 mark MTQ ∗∗
style written questions
35 × 2 mark MCQs ∗∗∗
5 × 6 mark MTQs
20 × 1 mark MCQs
25 × 2 mark MCQs
5 × 6 mark MTQs
F5 5 × 20 mark written questions 20 × 2 mark MCQs
5 × 10-15 mark written questions
20 × 2 mark MCQs
5 × 10-15 mark written questions
F6 5 × 15-30 mark written questions
(1 × 30, 1 × 25, 3 × 15)
Being trialled Dec 2013 TBC post trialling analysis
F7 5 × 10-25 mark written questions
(3 × 25, 1 × 15, 1 × 10)
20 × 2 mark MCQs
3 × 15-30 mark written questions
20 × 2 mark MCQs
3 × 15-30 mark written questions
F8 5 × 10-30 mark written questions
(1 × 30, 1 × 10, 3 × 20)
10 × 2 mark MCQs
6 × 10-20 mark written questions
8 × 2 mark MCQs
4 × 1 mark MCQs
6 × 10-20 mark written questions
F9 4 × 25 mark written questions 20 × 2 mark MCQs
5 × 10-15 mark written questions
20 × 2 mark MCQs
5 × 10-15 mark written questions

 

  • ∗ F6 exam format is not changing until June 2015 hence being trialled in December 2013
  • ∗∗ MTQs are multiple task questions and contain a series of tasks for the student to complete which relate to one or more scenarios. Students are required to prepare brief answers to the requirements
  • ∗∗∗ MCQs are multiple choice questions where the student is required to select the correct option from a list of options. MCQs are one of a number of objective test questions. Objective test questions can be automatically marked and hence are capable of discrete responses

Fee Structure

Registration and Subscription Fees

The following fees apply from 9 November 2013 on wards (and are subject to change without written notice):

ACCA/ Foundation Level Qualifications
Initial registration £79
Annual subscription £81
Re-registration fee £79*
*plus unpaid fee(s)

Exam Entry

Once you have become an ACCA student and have started studying, the next step will be to register for your exams. Or if you have already decided when you want to start taking examinations, you can enter for them at the same time as you apply online to become a student.
Entering for examinations online is quick and convenient. You will receive instant confirmation that you have been entered for the examinations, saving you valuable time to do more important things - like studying for them!
Please note the following:
If you're still not sure entering for an examination online is the way to go and you complete the paper-based exam entry form, this must be received at ACCA's examinations department in the UK by the specified standard closing dates above. Please remember to allow time for postal delivery.

Important Dates of Different Months

The closing dates for early, standard and late examinations entry are easy to remember - 8 is the date.

Closing Dates

June Examinations
8 March Early entry (online only)
8 April Standard examination entry (online and paper based both)
8 May Late examination entry (online only)
December Examinations
8 September Early entry (online only)
8 October Standard examination entry (online and paper based both)
8 November Late examination entry (online only)

ACCA Qualification Examination Entry Fees

Examination level Examination entry period June 14 examination fee (per examination) December 2014 examination fee (per examination)
Knowledge: F1, F2 and F3 Early £69 £69
Standard £74 £74
Late £225 £225
Skills: F4, F5, F6, F7, F8 and F9 Early £87 £87
Standard £93 £93
Late £245 £245
Professional: P1, P2 and P3 (and any two from P4, P5, P6 and P7) Early £100 £100
Standard £108 £108
Late £259 £259
On passing all ACCA examinations, a student becomes ACCA Affiliate. ACCA first annual affiliate payment needs to be made by 1st January following the date on which you received your final examination results. Affiliates are entitled to pay a reduced affiliate subscription for up to three years.
Affiliates' Fees
Subscription (Reduced Rate) £106
Permanent subscription (Standard Rate) £205

 

Admission to Membership Fee 

An affiliate, on completion of his three years job/ training (Details below) becomes eligible to apply for the membership of ACCA. On admission members are required to make a one-off payment. This fee covers the administration involved in assessing membership applications and is totally separate from the subscription fee.

Members' Fee
Subscription £205
Admission to membership fee £205

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 ACCA from CFE

  • Leading brand in Accountancy and Finance qualifications
  • Comprehensive and organized study programmes ensuring guaranteed success in each exam
  • Faculty includes number of professional tutors including 22 ACCAs
  • Accreditation from world renowned professional bodies
  • Self developed, research based study material
  • Out of class academic support
  • Regular class tests, quizzes and mock examinations
  • Merit based scholarships and financial assistance
  • Career counseling
  • A wide selection of weekday and weekend course options with possibilities to mix & match courses

CFE's Accreditation/ Affiliation with ACCA (UK)

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

Tuition Fee 

Registration/ Paper. Topics Rs.
CFE Registration 10,000
Knowledge Modules
F1 Accounting in Business 17,000
F2 Management Accounting 17,000
F3 Financial Accounting 17,000
Skills Modules
F4 Corporate and Business Law 17,000
F5 Performance Management 17,000
F6 Taxation 17,000
F7 Financial Reporting 17,000
F8 Audit and Assurance 17,000
F9 Financial Management 17,000
Essentials Modules
P1 Governance, Risk and Ethics 19,000
P2 Corporate Reporting 19,000
P3 Business Analysis 19,000
Optional Modules (Any 2)
P4 Advanced Financial Management 19,000
P5 Advanced Performance Management 19,000
P6 Advanced Taxation 19,000
P7 Advanced Audit and Assurance 19,000
Total 258,000

Financial Assistance

  • The financial assistance approved 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 CAT/ FIA, CA/ CMA or CIMA will be required to fill a new application along with the required enclosures
  • The financial assistance approved in previous qualification will not be carried forward. The new application will be assessed again

Procedure

  • Form should be submitted to Manager Coordination
  • Students will be interviewed by Manager Coordination
  • 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 A-Levels Position holder 100%
6 or more A's 50%
2 A's 40%
1A + 1B 25%
2 B.A/ B.Sc Position holder 100%
65% or above 50%
60% - 64% 40%
3 B.Com Position holder 100%
70% or above 50%
65% - 69% 40%
60% - 64% 25%
4 M.Com Position holder 100%
70% or above 50%
65% - 69% 40%
5 Students domiciled and resident outside Lahore 20%
6 Hafiz-e-Quran 20%
7 Orphans 20%

Faculty 

Paper Name Qualification Teaching Experience Email
F4 Qasim Javed LLB Hons. (London), LLM 12 qasimjavedchaudhry@yahoo.com
F5 Raed Nazir ACCA, MIPA (Aus), ASA (Aus) 17 raedacca@gmail.com
Imran Thakur ACMA, M.Phil Finance 9 imranthakur@hotmail.com
F6 Raed Nazir ACCA, MIPA (Aus), ASA (Aus) 17 raedacca@gmail.com
Fariha Khan ACCA 2
F7 Omer Yusuf FCCA, M.Sc (Eco), Advance Diploma in Acc. & Fin. (UK) 12 omeryusuf_78@yahoo.com
Imran Abbas M.Phil.Finance, ICMA (Fin) imranabbaskhan@hotmail.com
F8 Muhammad Abu Bakar FCCA, ACA 14 abubakar@bakertillymiq.com
Sadaf Maaz ACA, ACCA 13 sadafmaaz@gmail.com
Zahid Arshad ACCA 2 zahid.arshad44@gmail.com
F9 Adnan Rashid FCA 15 adnan@cfe.edu.pk
Raed Nazir ACCA, MIPA (Aus), ASA (Aus) 17 raedacca@gmail.com
Imran Thakur ACMA, M.Phil Finance 9 imranthakur@hotmail.com
P1 Sadaf Maaz ACA, ACCA 13 sadafmaaz@gmail.com
Muhammad Abu Bakar ACA, ACCA 14 abubakar@bakertillymiq.com
P2 Omer Yusuf ACCA, M.Sc (Eco), Advance Diploma in Acc. & Fin. (UK) 12 omeryusuf_78@yahoo.com
Imran Abbas M.Phil.Finance, ICMA (Fin) 8 imranabbaskhan@hotmail.com
P3 Ashraf Rehman BCS (H), MBA, M Phil-IT, PhD. Scholar 20 ashraf.2k12@gmail.com
Kamran Azim FCA 22 kamran.azim@kashf.org
P4 Adnan Rashid FCA 15 adnan@cfe.edu.pk
P6 Raed Nazir ACCA, MIPA (Aus), ASA (Aus) 17 raedacca@gmail.com
P7 Muhammad Abu Bakar ACA, ACCA 14 abubakar@bakertillymiq.com
Sadaf Maaz ACA, ACCA 13 sadafmaaz@gmail.com

ASD

  • Out-of-Class academic support for weak students
  • Make-up classes for students who have missed out their regular class
  • Additional practice session, especially for numerical subjects
  • A qualified ACCA is heading the department
  • 6 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
TOP