ACCA Foundation Diploma (AFD)

Introduction

ACCA's entry-level suite of awards – ACCA Foundation Diploma – is being introduced after detailed consultation which commenced in 2008 with ACCA stakeholders, including employers, learning providers, members, students, other professional accountancy bodies and regulators. ACCA Foundation Diploma will provide even greater access to the ACCA Qualification and aims to satisfy the needs of employers by allowing individuals to choose from a flexible range of qualifications which will help them develop the relevant technical knowledge and practical skills required to perform in accounting technician roles. ACCA Foundation Diploma consists of a suite of awards, including certificates, diplomas and a revised Certified Accounting Technician (CAT) Qualification. These flexible awards focus on the core skills of financial accounting and management accounting; and the wider role of the accountant in business at higher levels. The range of awards means employers can pick the level of qualification which most appropriately meets their business needs. In addition, it provides students with flexible entry points with certification awarded at each level, allowing students to tailor the awards, making them an attractive and relevant choice for employers.

Benefits of AFD Qualification

  • Is a flexible suite of qualifications, which meets the needs of both students and employers
  • Provides an opportunity for students of ability and application, irrespective of a student’s educational background or learning environment
  • Develops skills and competencies tailored to the needs of employers, the public and other key stakeholders
  • Uses innovative assessment and delivery mechanisms to create highly flexible qualifications
  • Provides a grounding in professionalism and ethical behavior at the core of the qualifications
  • Gateway to enter in ACCA qualification

Eligibility

ACCA Foundation Diploma offers various entry points, allowing maximum flexibility for prospective students to select the most appropriate entry route and progression to additional qualifications, based on their previous qualifications, experience, and future career aspirations. It is important to note exams FAB, FMA, and FFA within

Route 1: No formal Academic Qualifications

  • There, no formal academic qualifications required.
  • There is also no age requirement should you wish to start the qualification.
  • O-levels, Intermediate or Matriculation students are recommended to pursue their career in accountancy & finance.

Route 2: Entry Requirements for ACCA Qualification

For students who meet the minimum entry requirements to commence the ACCA Qualification i.e. have a minimum of 2 A Levels and 3 GCSEs or equivalent, they can either register for the ACCA Qualification and commence their studies at the Knowledge modules with F1, F2, and F3; or register on the AFD and complete the Introductory and Intermediate Certificates in Financial and Management Accounting if they prefer to take this route first. ACCA recommends students register directly onto the ACCA Qualification if they meet the minimum entry requirements for the qualification instead of entering the ACCA Qualification via ACCA Foundation Diploma. However, the option is available to those students who wish to obtain additional certificates at introductory and intermediate levels before commencing their studies on the ACCA Qualification.

Optional English and Mathematics Self-Check Modules

ACCA will continue to retain its open entry policy via AFD. However, to assist prospective students in gauging their general level of ability in English and mathematics, ACCA has developed optional self-check modules in English and mathematics. Included within the self-check modules are learning materials and links to other materials to help students improve their English language and mathematics skills which they may wish to complete before embarking on any of ACCA’s qualifications. The self-check modules and recommended tutorial support are optional to complete, the self-check modules are free of charge and can be accessed from the ACCA website.

Levels of AFD

Introductory Certificate in Financial and Management Accounting
Recording Financial Transactions (FA1)
Management Information (MA1)

Intermediate Certificate in Financial and Management Accounting
Maintaining Financial Records (FA2)
Managing Costs and Finance (MA2)

Diploma in Accounting and Business
Financial Accounting (FFA)
Management Accounting (FMA)
Accounting in Business (FAB)

 

Subjects Qualification Awarded
FA1, MA1 Introductory Certificate in Financial and Management Accounting
FA2, MA2 Intermediate Certificate in Financial and Management Accounting
FAB, FFA, and FMA Diploma in Accounting and Business

Examination Structure

Introductory Certificate in Financial & Management Accounting (FA1 & MA1

Each examination:

  • is of two hours' duration;
  • contains 50 questions;
  • is out of 100 marks;
  • has a pass mark of 50%; and
  • contains two-mark multiple choice questions on l0079

Intermediate Certificate in Financial & Management Accounting (FA2 & MA2)

Each examination:

  • is of two hours' duration;
  • contains 50 questions;
  • is out of 100 marks;
  • has a pass mark of 50%; and
  • contains the following question types: multiple choice questions, multiple response questions, multiple response matching questions, and number entry questions - all worth two marks

Note: The FAB, FMA and FFA examinations follow the same structure and syllabus as the equivalent ACCA Qualification examinations (F1, F2, and F3 respectively).

Computer-based Examinations (CBEs)

Computer-based examinations will be available for all the above (seven) subjects (not the options papers) and paper based examinations will continue to be available for all examinations within Foundations Diploma.

Fee Structure

ACCA Foundations Diploma from Dec 2013 CBE
FA1 and MA1 (Introductory Certificate) £70
FA2 and MA2 (Intermediate Certificate) £70
FAB, FMA and FFA (Diploma) £85

Practical Experience Requirement

The ACCA qualification prepares students for a challenging and often demanding career as professional accountant. It is not sufficient to solely rely on theoretical knowledge developed through examination process. The ACCA qualification closely links practical experience to the examination syllabus. To qualify as an ACCA member, students will need to complete three years of relevant practical experience in order to achieve 13 performance objectives (nine essentials and four from eleven options). Ideally, students should start working while studying for their ACCA examinations. However, this may be completed before or after qualifying ACCA examination.

Benefits of Studying AFD from CFE

  • Highly qualified and experienced tutors
  • Comprehensive and organized study programmed ensuring guaranteed success in each examination
  • Tutors' support after lecture hours
  • Career counseling, regular tests, quizzes, and mock examination ensuring students A grade performance
  • Free Wi-Fi and Internet facilities

CFE's Accreditation/ Affiliation with ACCA (UK)

Approved Tuition Provider
CFE is a Gold approved tuition provider of ACCA
Licensed CBE Centre
CFE is ACCA's approved CBE centre

Tuition Fee 

Registration/ Paper Rs.
CFE Registration Fee 10,000
Recording Financial Transactions 13,000
Information for Management Control 13,000
Intermediate
Maintaining Financial Records 16,000
Accounting for Costs 16,0000
Diploma in Accounting and Business
Accountant in Business 18,000
Financial Accounting 18,000
Management Accounting 18,000
Total 122,000

Financial Assistance

  • The financial assistance approval will be applicable for the current session only. If a student wishes to apply for the next session, a new application along with the new enclosure will be required and complete procedure to be followed.
  • Students who are transferring from any other qualification will require filing a new application along with the required enclosures.
  • The financial assistance approval in the previous qualification will not be carried forward. The new application will be assessed again

Procedure

  • The form should be submitted to Manager Coordination/ Manager Operations.
  • Students will be interviewed by Manager Coordination/ Manager Operations.
  • Based on the interview, the recommendation is made to the Principal for Financial Assistance.
  • Principal approves the Financial Assistance as per policies of the institute and keeping in view the budget of donations-allocated.

All applications will be processed within one week of submission.

Scholarships 

Sr. No Qualification Marks Obtained Scholarships
(%age of Tuition Fee)
1 Matriculation Position holder 100%
90% or above 50%
85% - 89% 40%
75% - 84% 25%
2 Intermediate Position holder 100%
75% or above 50%
70% - 74% 40%
65% - 69% 25%
3 O-Levels Position holder 100%
6 or more A's 50%
4-5 A's 40%
3 A's 25%

Faculty 

Paper Name Qualification Teaching Experience Email
FA1 Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
MA1 Madiha Asad MS banking & Finance (Cont),ACMA, M.A (ECO) M.COM 3 madiha.asad99@gmail.com
Mahnoor ACCA 2  noorimahnoor@gmail.com
Rabia Tabbasum ACCA,M.COM 7  rabi_saqib@hotmail.com
Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk
FA2 Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
MA2 Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk
Rabia Tabbasum ACCA,M.COM 7  rabi_saqib@hotmail.com
FAB (F1) Ashraf Rehman PhD Scholar, M-Phil(I.T), MBA, BCS(H) 20 ashraf.2k12@gmail.com
Humaira Rashid M.A(HRM)-U.K,MSC(FM)-P.U 9  humairarashid@live.com
Mubashir Waseem M.Phil HRM (Cont.), MBA, MCS, M.Sc (Eco) 17 mubashir@cfe.edu.pk
FFA (F3) Imran Abbas M-Phil(Finance), ICMA(Fin) 11 imranabbaskhan@hotmail.com
Sidra Suleman ACCA 5 suleman_sidra@hotmail.com
FMA (F2) Rabia Tabbasum ACCA,M.Com 11 rabi_saqib@hotmail.com
Mahnoor ACCA 2 noorimahnoor@gmail.com
Zubair Arshad PhD (Scholar), MS/ M.Phil (Commerce), M.Com, DFM, ACFA 10 Zubair.Arshad@cfe.edu.pk

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ASD

  • Out-of-Class academic support for weak students
  • Make-up classes for students who have missed out their regular class
  • Additional practice session, especially for numerical subjects
  • A qualified ACCA is heading the department
  • 5 dedicated academic support officers for after-class student support

Admission Rules

  1. Registration fee is non-refundable and non-transferrable
  2. Admission process must be completed before commencement of classes by depositing institute's dues
  3. If you wish to withdraw or transfer your fee (pre result) of one or more papers, you can do so by writing an application in the specified form to the course coordinator within 2 weeks from the commencement of the course
    • The fee shall be transferred without deduction
    • A deduction of 10% of the applicable fee shall be made at the time of refund
      No application for refund or transfer shall be entertained in any case after the expiry of the above period
  4. If you have appeared in the recent ACCA/AFD examination and awaiting the result, you can withdraw or transfer your fee upon the declaration of result by writing an application to the course coordinator within the period of one week from the announcement of the result
    • In the case of transfer, no deduction shall be made if the fee is transferred to the same paper in the next session.
    • In the case of paper change, 50% of the applicable fee is deducted and 50% will be transferred to immediate next session
    • In case of refund after the declaration of result, 50% of the applicable fee will be deducted
  5. If your application for fee refund or transfer is not in accordance with the above criteria, no such application shall be entertained. Please note that crossed cheque of fee refund shall be issued to the credit of the student or in the name of parents
  6. Any application for refund/transfer will be processed within one week after the above-mentioned deadlines
  7. Any outstanding dues must be cleared as per due dates
  8. After the expiry of the due date, students with an outstanding balance will not be allowed to take classes anymore
  9. Students are not allowed to drop any course/paper after enrollment
  10. If a student wishes to take an extra class of any paper with another batch, he/she must inform the respective course coordinator
  11. If a student wishes to re-sit in any course, a 50% tuition fee will be charged
  12. Course, for which a student is enrolled, may be canceled, due to any circumstance, beyond the institution’s control. However, in the event of such cancellation, students will be informed and fee submitted will be refundable without any deduction

ACCA Foundation Diploma (AFD)

ACCA's entrance level suite of honors – ACCA Foundation Diploma – is being presented after nitty-gritty discussion which started in 2008 with ACCA partners, including managers, learning suppliers, individuals, understudies, other expert accountancy bodies and controllers. ACCA Foundation Diploma will give much more noteworthy access to the ACCA Qualification and means to fulfill the necessities of managers by enabling people to look over an adaptable scope of capabilities which will enable them to build up the important specialized information and handy abilities required to perform in bookkeeping professional jobs.

ACCA Foundation Diploma comprises of a suite of honors, including declarations, confirmations, and an amended Certified Accounting Technician (CAT) Qualification. These adaptable honors center around the center aptitudes of budgetary bookkeeping and the board bookkeeping; and the more extensive job of the bookkeeper in business at more elevated amounts. The scope of honors implies bosses can pick the dimension of capability which most fittingly meets their business needs. Furthermore, it gives understudies adaptable passage focuses with accreditation granted at each dimension, enabling understudies to tailor the honors, making them an alluring and applicable decision for managers.

Since a student has opted for AFD (ACCA foundation diploma) and is planning to excel his career in accountancy and finance he must know a few more benefits of AFD which are stated below;

  • AFD is an adaptable suite of capabilities, which addresses the issues of the two understudies and bosses
  • Gives the chance to understudies of capacity and application, independent of an understudy's instructive foundation or learning condition
  • Creates aptitudes and capabilities custom fitted to the requirements of businesses, people in general and other key partners
  • Utilizations inventive evaluation and conveyance systems to make very adaptable capabilities
  • Gives an establishing in polished skill and moral conduct at the center of the capabilities
  • Passage to enter in ACCA capability

ACCA Foundation Diploma offers different section focuses, enabling greatest adaptability for imminent understudies to choose the most fitting passage course and movement to extra capabilities, in view of their past capabilities, experience, and future profession desires. It is vital to note tests FAB, FMA, and FFA inside.

Course 1: No formal Academic Qualifications

There are no formal scholastic capabilities required.

There is additionally no age necessity should you wish to begin the capability.

O-levels, Intermediate or Matriculation understudies are prescribed to seek after their vocation in accountancy and finance.

Course 2: Entry Requirements for ACCA Qualification

For understudies who meet the base section necessities to begin the ACCA Qualification for example have at least 2 A Levels and 3 GCSEs or equal, they can either enroll for the ACCA Qualification and begin their investigations at the Knowledge modules with F1, F2, and F3; or enlist on the AFD and finish the Introductory and Intermediate Certificates in Financial and Management Accounting on the off chance that they want to take this course first. ACCA suggests understudies enlist straightforwardly onto the ACCA Qualification on the off chance that they meet the base section prerequisites for the capability as opposed to entering the ACCA Qualification through ACCA Foundation Diploma. Nonetheless, the choice is accessible to those understudies who wish to get extra declarations at basic and transitional dimensions previously beginning their examinations on the ACCA Qualification.

ACCA has been one of the finest degrees since it has the privilege of producing remarkable students who know the left and right of business, management and accountancy and finance. The business firms and companies prefer the aspirants to be their managers who have done ACCA from a well-known college because they are thought to be competent and have the full command on the tact of business.

If a student wants to pursue his future in the fields of accountancy and finance and he has no previous qualification or experience in the relevant field, then foundation diploma is a great place to start. After the completion of foundation diploma, the student is automatically transferred to ACCA with given exemptions of first three papers. Thus, the students who have secured their positions in ACCA foundation diploma in 2014 and onwards will only be required to pass three more papers after which they will. The three papers which are required to be passed after the ACCA foundations diploma are examinations of Business Mathematics, Statistics, and Principles of Economics.

The capabilities can be utilized to create initiates from optional schools or to energize those officially working in records bolster jobs to get formal acknowledgment of their capacities. There are no formal section necessities. There are several reasons to choose ACCA foundation diploma for your intermediate studies or after that. But some important reasons are as follows;

Fast Track to ACCA qualification

Starting out at right level

Enter the exciting world of business

Fast and flexible

affordable

Back is the fundamental foundation of the business world, a vocation in fund will take you puts in your profession. ACCA's Foundation Diploma is your initial step to turning into a back proficient. It is a venturing stone in all-inclusive perceived proficient capability, which once finished will show signs of improvement work, higher than normal pay, and an opportunity to seek after this vocation comprehensively. So, on the prospect that your definitive objective is the ACCA Qualification, beginning with the Foundation Diploma will give you basic learning to enable you to pass. You will be naturally exchanged onto the ACCA Qualification, for nothing out of pocket, and given exclusions from the initial three tests when you finish the Foundation Diploma.

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