The FIA qualification is open to everyone, as there are NO minimum entry requirements. There is no requirement to complete the Introductory or the Intermediate Certificates in Financial and Management Accounting prior to completing the Diploma in Accounting and Business.
It is important to note that exams FAB, FMA and FFA within Foundations in Accountancy are exactly the same as exams F1, F2 and F3 of the ACCA Qualification and share identical syllabuses, study guides and assessment methods.
Students who complete F1, F2 and F3 of the ACCA Qualification and Foundations in Professionalism will also be awarded the Diploma in Accounting and Business.
If you have studied other relevant qualifications in a recognized institution you can then claim exemptions from the Foundations in Accountancy papers. You can also claim exemptions from some or all of the papers within the Introductory or the Intermediate Certificates in Financial and Management Accounting based on relevant practical experience.
To claim exemptions you will need to have official proof of your qualifications (e.g. transcript, award certificates) so as to submit them with your initial registration. If your documents are not in English, then ensure that you officially translate them before submitting them to the ACCA. Both the original language documents and the English translations are required for claiming exemptions. For the experience related exemptions, you will need to answer a series of challenge questions after you have registered for the FIA (a workplace mentor will also need to review these before your submit them to the ACCA).
Exemption fees: You will need to pay a fee for each paper we award an exemption for. Exemptions are charged at the early exam entry fee.