06-06-2009, 01:20 AM
I dont think that there is any monopoly. Even the ACAs from ICAEW get an exemption of F1-F9 in ACCA.
The exemption should be based on paper to paper basis.
To get a fair view pls compare the exemptions provided by <b>ICAEW to ACCA students</b>. The info below can be verified from http//www.icaew.com/index.cfm/route/146395/icaew_ga/en/Students/Credit_for_prior_learning_directory&fuseaction=profBody&awardingBodyID=28&cplroute=prof&cplname=ACCA%202007%20Syllabus
<b>Accounting</b> on the basis F3 Financial Statements
<b>Assurance</b> on the basis of F8 Audit and Assurance
<b>Business and Finance</b>on the basis of F1 Accountant in Business
<b>Law</b> on the basis of F4 Corporate and Business Law
<b>Management Information</b> on the basis of F2 Management Accounting
& F9 Financial Management
<b>Principles of Taxation</b> on the basis of F6 Taxation
<b>Audit and Assurance</b> on the basis of P7 Advanced Audit and Assurance
<b>Business Strategy</b>on the basis of P3 Business Analysis
<b>Financial Accounting</b> on the basis of F7 Financial Reporting
<b>Financial Management</b> on the basis of if taken and passed
F9 Financial Management OR
if you have received a converted pass in F9 you will also need paper
P4 Advanced Financial Management
<b>Financial Reporting</b> on the basis of
F7 Financial Reporting & P2 Corporate Reporting
<b>Taxation</b> on the basis of P6 Advanced Taxation
On the other hand paper to paper exemption provided by ACCA to ICAEW students is as follows and can be verified from https//portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/awards/EnqAwardsTable.jspx?_afPfm=2
<b>F1 Accountant in Business</b> on the basis of BUSINESS MANAGEMENT (PROFESSIONAL STAGE)
<b>F2 Management Accounting & F3 Financial Accounting</b> on the basis of ACCOUNTING (PROFESSIONAL STAGE)
<b>F4 Corporate and Business Law</b> on the basis of COMPANY LAW (PROFESSIONAL STAGE) PLUS COMMERCIAL LAW (PROFESSIONAL STAGE)
<b>F5 Performance Management & F9 Financial Management</b> on the basis of BUSINESS FINANCE (PROFESSIONAL STAGE) PLUS THE BUSINESS ENVIRONMENT (ADVANCED STAGE)
<b>F6 Taxation</b> on the basis of TAXATION (PROFESSIONAL STAGE)
<b>F7 Financial Reporting</b> on the basis of FINANCIAL REPORTING (PROFESSIONAL STAGE)
<b>F8 Audit and Assurance</b> on the basis of AUDIT AND ASSURANCE (PROFESSIONAL STAGE)
The exemption should be based on paper to paper basis.
To get a fair view pls compare the exemptions provided by <b>ICAEW to ACCA students</b>. The info below can be verified from http//www.icaew.com/index.cfm/route/146395/icaew_ga/en/Students/Credit_for_prior_learning_directory&fuseaction=profBody&awardingBodyID=28&cplroute=prof&cplname=ACCA%202007%20Syllabus
<b>Accounting</b> on the basis F3 Financial Statements
<b>Assurance</b> on the basis of F8 Audit and Assurance
<b>Business and Finance</b>on the basis of F1 Accountant in Business
<b>Law</b> on the basis of F4 Corporate and Business Law
<b>Management Information</b> on the basis of F2 Management Accounting
& F9 Financial Management
<b>Principles of Taxation</b> on the basis of F6 Taxation
<b>Audit and Assurance</b> on the basis of P7 Advanced Audit and Assurance
<b>Business Strategy</b>on the basis of P3 Business Analysis
<b>Financial Accounting</b> on the basis of F7 Financial Reporting
<b>Financial Management</b> on the basis of if taken and passed
F9 Financial Management OR
if you have received a converted pass in F9 you will also need paper
P4 Advanced Financial Management
<b>Financial Reporting</b> on the basis of
F7 Financial Reporting & P2 Corporate Reporting
<b>Taxation</b> on the basis of P6 Advanced Taxation
On the other hand paper to paper exemption provided by ACCA to ICAEW students is as follows and can be verified from https//portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/awards/EnqAwardsTable.jspx?_afPfm=2
<b>F1 Accountant in Business</b> on the basis of BUSINESS MANAGEMENT (PROFESSIONAL STAGE)
<b>F2 Management Accounting & F3 Financial Accounting</b> on the basis of ACCOUNTING (PROFESSIONAL STAGE)
<b>F4 Corporate and Business Law</b> on the basis of COMPANY LAW (PROFESSIONAL STAGE) PLUS COMMERCIAL LAW (PROFESSIONAL STAGE)
<b>F5 Performance Management & F9 Financial Management</b> on the basis of BUSINESS FINANCE (PROFESSIONAL STAGE) PLUS THE BUSINESS ENVIRONMENT (ADVANCED STAGE)
<b>F6 Taxation</b> on the basis of TAXATION (PROFESSIONAL STAGE)
<b>F7 Financial Reporting</b> on the basis of FINANCIAL REPORTING (PROFESSIONAL STAGE)
<b>F8 Audit and Assurance</b> on the basis of AUDIT AND ASSURANCE (PROFESSIONAL STAGE)