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.

 
DIPLOMA IN ACCOUNTING AND BUSINESS
Course Description Skills Acquired
F1 Accountant in Business
Lecturer: Dr. Juliet Uy
 
This is a course on business functions and organizational
structures, with a strong emphasis on managing people
and business strategy.
  • Motivating individuals and teams
  • Principles of business strategy
  • Principles of corporate governance
F2 Management Accounting
Lecturer: Mr. Douglas Froggatt
 
This course reviews costing techniques, progressing to
budgeting, standard costing and variance analysis.
  • Budget preparation
  • Budget control and reporting
  • Standard costing, variance analysis
F3 Financial Accounting
Lecturer: Mr. Casey Barnett, CFA, FCCA, MBA
 
Students learn the basics of how to prepare financial statements follwing
IFRS, focusing on the income statement and balance sheet.
  • Preparing a balance sheet
  • Preparing an income statement
  • Correcting accounting errors

FOUNDATION PAPERS: SKILLS
Course Description Skills Acquired
Diploma in Cambodian Business Law
Lecturer: Dr. Phin Sovath
 
This course covers corporate law essentials, such as employment law, contract Law, legal formation of a business, and corporate governance.                                                              
  • Company formation
  • Labor contract management
  • Rights and responsibilities under contracts
F5 Performance Management
Lecturer: Ms. Maria Isabelita Manzon-Cabrera, CPA
 
Continuing from F2, this course develops budgeting and costing skills with in-depth study of variance analysis and how to manage
performance controls.
  • Absorption costing, marginal costing
  • Process costing, service costing
  • Cash budgeting
Diploma in Cambodia Tax
Lecturer: Mr. Song Kosal, MA
 
Accredited by the ACCA, this course earns an exemption from F6.The course covers tax skills required of a professional accountant:
tax on profit, salary tax, tax exemptions, specific taxes, and the tax
legal framework.
  • Calculation of tax on profit
  • Determination of withholding tax
  • Determining tax on salary and benefits
F7 Financial Reporting
Lecturer: Mr. Casey Barnett, ACCA, CFA
 
F7 continues from F3. Students learn to prepare an IFRS compliant balance sheet, income statement, statement of changes in equity, and cash flow
statement. F7 introduces consolidated financial statements.
  • Consolidation of subsidiaries
  • Accounting for construction, leases,revaluation, impairment, financial instruments, provisions, tax
F8 Auditing and Assurance
Lecturer: Ms. Maria Isabelita Manzon-Cabrera, CPA
 
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.
  • Assessment of risk of misstatement
  • Evaluation of internal controls
  • Identification of evidence to meet audit objectives
F9 Financial Management
Lecturer: Mr. Casey Barnett, CFA, FCCA, MBA
 
The F9 course studies investment, business finance, and working capital management. Investment skills
developed include discounted cash flow techniques.
  • Investment and project valuation
  • Determining sources of finance
  • Estimation of cost of capital
PROFESSIONAL PAPERS: ESSENTIALS
Course Description Skills Acquired
P1 Governance, Risks and Ethics
Lecturer: Dr. Parmindar Singh
 
Starting with skills developed in the foundation level, this course examines the detailed duties and activities
of the board of directors and corporate risk management
  • Evaluation of corporate governance systems
  • Evaluation of risk management and management control systems
  • Assessing ethics and conflicts of interest
P2 Corporate Reporting
Lecturer: Mr. Casey Barnett, CFA, FCCA, MBA
 
Continuing from F7, this P2 course studies more complex areas of IFRS, including tax, lease and employee banefits.
  • Consolidation of complex groups
  • Application of the full range of IFRS in preparing financial statements
P3 Business Analysis
Lecturer: Dr. Parmindar Singh
 
P3 is a business strategy course studying strategic position, strategic choices, and strategic action. P3 also studies business process change.
  • Evaluating strategic position
  • Managing process change
  • Project management
PROFESSIONAL PAPERS: OPTIONS
Course Description Skills Acquired
P4 Advanced Financial Management
Lecturer: Mr. Saminathan, MA
 

The first part of P4 focuses on business valuation using advanced discounted

cash flow techniques. The second part is hedging and risk management.  

  • Business valuation
  • Evaluation of acquisitions and disposals
  • Constructing currency and interest rate hedges
P5 Advanced Performance Manegement
Lecturer: Mr. Roy Goh, ACCA, CPA
 

P5 continues from F5, moving from an operational perspective to a strategic

perspective, covering performance measurement system design and strategic performance measurement.                                                  

  • Appraisal of budget and control systems
  • Designing and evaluating strategic performance management systems