What is FIA?
'Foundations in Accountancy' is a new suite of awards from the Association of Certified Chartered Accountants (ACCA).
The FIA awards include Introductory & Intermediate Certificates, a Diploma and a revised Certificated Accounting Technician (CAT) qualification. These awards begin at GCSE level and progress up to the equivalents of the first year of a bachelor's degree. In comparison, the ACCA qualification begins at first year degree level and progresses to masters degree level.
Students can start at any point under the FIA pathway, so you could choose to start at either a Certificate or the Diploma. In order to be awarded the CAT qualification, you must complete 9 papers i.e. the Introductory Certificate, the Intermediate Certificate, the Diploma and two optional CAT papers. All students must complete the online module 'Foundations in Professionalism'.
| Foundations in Accountancy Structure |
|
|
Introductory Certificate in Financial & Management Accounting |
| FA1 |
Recording Financial Transactions |
| MA1 |
Management Information |
|
Intermediate Certificate in Financial & Management Accounting |
| FA2 |
Maintaining Financial Records |
| MA2 |
Managing Costs & Finance |
|
Diploma in Accounting and Business |
| FAB |
Accountant in Business |
| FMA |
Management Accounting |
| FFA |
Financial Accounting |
|
Certified Accounting Technician (CAT) Qualification* |
| FTX |
Foundations in Taxation |
| FFM |
Foundations in Financial Management |
| FAU |
Foundations in Audit |
* CAT students will also need 1 year's relevant practical experience.
Paper based exams take place in June and December each year, and computer based exams can be taken at any time. Computer based exams will be available for all papers except the CAT options.