acca program
 
ACCA Training

Efficiency, sustainability, profitability, and transparency all closely depend on the quality of your accounting. Skilled accountants are necessary to prepare the figures for budgeting, hiring, growing, borrowing, buying and pricing. ACCA training is the best investment you can make.

Competitive advantage for you and your business

ACCA embeds the global accounting education standards set by the International Federation of Accountants, and is one of the most valued professional qualifications for finance managers, accountants, and auditors.

Students who have completed Fundamentals level papers F1 - F9 are eligible to obtain a BSC Honours Degree in Applied Accounting from Oxford Brooks University, a recognized and highly respected UK University.

For those interested, a local qualification from the Kampuchea Institute of Certified Public Accountants and Auditors, National Accounting Council, and the Ministry of Economic and Finance can be earned at the same time.

Cambodian ACCA Top Scorers June 2014

Top Score Student
The Students

Applicants with a bachelor or master degree in a related subject from an approved university and at least one year professional experience are invited to apply. Completion of an entrance exam is required. The entrance exam includes tests of English, maths and accounting.

The Qualification

The ACCA Qualification is your route to professional status. It 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.

The ACCA qualification indicates a high level of expertise level and authorizes an accountant to legally engage in private or public practice. ACCA (the Association of Chartered Certified Accountants) has signed a joint examination scheme agreement with Kampuchea Institute of CPAs and Auditors (KICPAA) and the National Accounting Council (NAC) of the Ministry of Economy and Finance, Cambodia

The Courses

The following courses may be taken individually, but in numerical order up to four papers may be taken simultaneously. Exemptions may be available for graduates holding a master degree or higher.

Foundation Papers:  Knowledge
F1 Accountant in Business

This course introduces the competitive environment and its effect on business strategy and organization.  Business organization is further studied in terms of corporate governance and managing people. 

F2 Management Accounting

FMA provides the skills to financial data to support management planning and decision-making.  Specifically, FMA introduces budgeting, standard costing, cost accounting, and performance measurement.

F3 Financial Accounting

This course introduces financial accounting according to International Financial Reporting Standards (IFRS).  This includes double-entry accounting, preparation of a trial-balance, preparation of basic financial statements, and simple consolidation.

Foundation Papers:  Skills
F4 Corporate and Business Law

F4 develops the legal knowledge required to effectively function in a business or organizational environment.  Covered are employment law, contract law, legal formation of a business, and corporate governance issues.

F5 Performance Management

This course continues from FMA and further develops management accounting skills.  Budgeting and costing are examined in detail with in-depth study of variance analysis.  Students also learn how to manage performance controls.

Diploma in Cambodian Tax (F6 Equivalent)

The Diploma in Cambodian Tax is accredited by the ACCA.  The course and exam cover the Cambodian tax skills required of a professional accountant:  tax on profit, salary tax, tax exemptions, specific taxes, and the tax legal framework.

F7 Financial Reporting

F7 continues from F3 in developing knowledge and application of IFRS.  In exam, students must prepare a balance sheet, an income statement, a statement of changes in equity, and a cash flow statement all in accordance with IFRS.

F8 Audit and Assurance

This course covers purpose of audit, duties of the auditor, and the process of an audit of financial statements.  The course covers audit planning and evaluating internal controls, collection of audit evidence and audit reporting.

F9 Financial Management

The F9 course studies investment, business finance, and working capital management.  Investment skills developed include discounted cash flow techniques, managing short and long-term finances, and risk management.

Professional Papers:  Essentials
P1 Governance, Risks and Ethics

Starting with the skills developed in the foundation level, this course examines the detailed duties and activities of the board of directors and the board committees.  This course also studies professional ethics and codes of conduct.

P2 Corporate Reporting

Continuing from the IFRS financial reporting paper F7, this P2 course studies more complex areas of IFRS.  This includes accounting for changes in control such as a change from investment in associate to subsidiary.  Also covered are advanced issues related to deferred tax, financial instruments, and IFRS for SMEs.

P3 Business Analysis

P3 is a business strategy course studying strategic position, strategic choices, and strategic action.  P3 studies in detail business process change, project management, and strategic financial analysis.

Professional Papers:  Options
P4 Advanced Financial Management

The first part of P4 is business valuation.  Students learn how to use advanced discounted cash flow techniques to value different types of businesses.  The second part is risk management, specifically managing currency and interest rate risk.

P5 Advanced Performance Management

P5 continues from F5, but looks at management accounting from a strategic perspective.  This includes performance measurement system design, strategic performance measurement, performance evaluation, and economic factors.