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Foundation level awards

Our foundation level awards are made up of certificates and diplomas that you can obtain as you progress through the exams. Here are the exams you will need to take and the awards you can achieve on the way.

Introductory Certificate in Financial and Management Accounting

The Introductory Certificate in Financial and Management Accounting is awarded on the completion of exams Recording Financial Transactions (FA1) and Management Information (MA1), and also Foundations in Professionalism.

The Introductory Certificate is suitable for those aspiring to work or already working in:

  • a junior accounts clerk/junior bookkeeper role in an SME
  • a range of junior accounting administration roles within an accounting department of a larger organisation or financial shared service centre.

The Introductory Certificate in Financial and Management Accounting is broadly equivalent to GCSE level.

Exams

  • FA1 Recording Financial Transactions
  • MA1 Management Information

Intermediate Certificate in Financial and Management Accounting 

The Intermediate Certificate in Financial and Management Accounting is awarded on the completion of exams Maintaining Financial Records (FA2) and Managing Costs and Finance (MA2), and also Foundations in Professionalism.

The Intermediate Certificate is suitable for those aspiring to work or already working in:

  • Accounting administration roles in small, medium or large enterprises in private practice, the corporate or public sectors.
  • Various roles in financial or cost and management accounting within an accounting department of a larger organisation or in financial shared services or Global Business Services (GBS) centres.

The Intermediate Certificate in Financial and Management Accounting is broadly equivalent to 'A' level.

Exams

  • FA2 Maintaining Financial Records
  • MA2 Managing Costs and Finance

Diploma in Accounting and Business 

The Diploma in Accounting and Business is awarded on the completion of the exams Accountant in Business (FAB), Financial Accounting (FFA), Management Accounting (FMA) and Foundations in Professionalism.

The Diploma is suitable for those aspiring to work or already working in the following types of roles:

  • basic bookkeeping
  • trainee accountant in a commercial organisation or accounting practice
  • accounts clerk in public sector.

The Diploma in Accounting and Business is broadly equivalent to HND level/ the first year of a degree.

Exams

  • FAB Accountant in Business
  • FFA Financial Accounting
  • FMA Management Accounting

Certified Accounting Technician (CAT)

ACCA has retained the Certified Accounting Technician (CAT) Qualification as part of the foundation level qualifications. In order to obtain the CAT Qualification, students will need to complete the following:

  • FA1, MA1, FA2, MA2, FAB, FFA and FMA exams
  • two of the three specialist exams; FAU, FFM and FTX
  • a practical experience requirement
  • Foundations in Professionalism.

Students completing the CAT Qualification can claim exemption from exams FA1, MA1, FA2 and MA2 based on practical experience.

On completion of the CAT Qualification, students may then progress onto the ACCA Qualification if they wish to do so, from F4 onwards. They can also count the four essentials competences and one year's work experience gained to achieve the CAT Qualification towards the three years' work experience and 13 performance objectives required for the ACCA Qualification.

Exams

  • FAU Foundations in Audit
  • FFM Foundations in Financial Management
  • FTX Foundations in Taxation

Additional requirements

Foundations in professionalism

We believe good accountants should be professional and ethical and so we’ve included ethics at every level of our qualification. This is why students need to complete an online module in order to achieve Foundations Level awards.

The module has been designed to help you understand what it means to act professionally and ethically at work. Once you complete the module you will receive certificates for all the awards you complete.


Certified Accounting Technician (CAT)

In addition to completing the foundation level awards you can also qualify at technician level. You’ll need to complete two additional specialist exams, the Foundations in Professionalism module and one year’s relevant practical experience.

 

Students resident in England, Scotland, Wales and Northern Ireland will receive award certificates for the UK regulated titles.

Last updated: 16 Nov 2017