ACA Level 7
ACA is a great option if you’re looking to become a chartered accountant and work in accountancy and finance. It opens a wealth of opportunities, as you can specialise in specific areas or sectors, or work broadly across multiple industries. It consists of three levels: Certificate, Professional, and Advanced. You’ll also need to have 450 practical work experience days. It’ll take around three years to complete the qualification.
Certificate Level:
You’ll be introduced to the essentials of accountancy, finance, and businesses. You’ll learn about double-entry accounting, assurance, business and technology, law, management, and taxation. This level takes around one year to complete.
Units include:
- Accounting
- Assurance
- Business Finance and Technology
- Law
- Management Information
- Principles of Taxation
- Business Strategy and Technology
- Financial Management
Professional Level:
This level teaches you how to apply technical knowledge to real-life scenarios. You’ll deepen your knowledge on financial reporting, audit and assurance, tax compliance, finance management, business strategy, and business planning. This level takes around one year to complete.
Units include:
- Financial Accounting and Reporting
- Audit and Assurance
- Taxation Compliance
- Financial Management
- Business Strategy and Technology
- Business Planning papers (Tax, Banking, or Insurance)
Advanced Level:
ACA Advanced will give you the skills to understand how accountancy and finance works within businesses. You’ll learn about corporate reporting and strategic business management, and take a case study, which tests your overall knowledge. This level takes around one year to complete. You’ll become eligible for chartered accountancy status upon qualifying. You’ll be able to work in exciting roles such as auditor, forensic accountant, financial accountant, and tax specialist.
Units include:
- Corporate Reporting
- Strategic Business Management
- Case Study
Every Apprenticeship includes an End Point Assessment (EPA), assessed by an independent End Point Assessment Organisation (EPAO). The apprentice will take their EPA at the end of their programme where they will demonstrate they are competent in the role that they have developed in. This Apprenticeship Standard End Point Assessment will include: