Quick Facts

Foundation In Accounting

Spearmans Foundation In Accounting Training
What will it involve?
There are four awards available at Foundations level:
  • Introductory Certificate in Financial & Management Accounting: Want to start at the very beginning? The optional Introductory Certificate consists of two essential courses: Management Information; and Recording Financial Transactions.
  • Intermediate Certificate in Financial & Management Accounting: Need a little bit of background first? The optional Intermediate Certificate consists of two valuable courses: Maintaining Financial Records; and Managing Costs and Finance.
  • Diploma in Accounting & Business: The Diploma consists of three papers: Accountant in Business; Management Accounting; and Financial Accounting. You also need to take the online ethics module, Foundations in Professionalism. Completing the Diploma enables you to move up to our Fundamentals level, with exemptions from the first three exams.
  • Certified Accounting Technician: To qualify as a Certified Accounting Technician, simply take all three Foundations qualifications plus two additional exams. Choose from Tax; Audit; and Financial Management. You’ll also need to undertake one year of practical experience in a relevant finance role.
  • What is Foundations in Professionalism?
    To gain any of the awards at the Foundations level and receive a certificate, you must complete the online ethics module, Foundations in Professionalism in addition to the required exams. The module can be completed before, at the same time, or after your exams and you only need to complete it once.
    How long will it take?
    After taking your first Introductory Certificate exam, you can complete the Intermediate Certificate and Diploma within a year. All the exams are available as on-demand computer-based assessments, so you can set your own pace.
    Am I eligible?
    Yes. The Foundations level is designed for those who don’t have any previous relevant qualifications.
    ACCA Fundamentals

    Spearmans ACCA Fundamentals Training
    What will it involve?
    There are three valuable awards that can be achieved at the Fundamentals level:

  • Diploma in Accounting & Business: Students progressing from our Foundations level will already have this qualification, but it’s an important first step for those starting at Fundamentals level. The Diploma consists of three papers: Accountant in Business; Management Accounting; and Financial Accounting. You also need to take the online ethics module, Foundations in Professionalism.
  • Advanced Diploma in Accounting & Business: Take your knowledge further with the next six papers: Corporate and Business Law; Performance Management; Taxation; Financial Reporting; Audit and Assurance; and Financial Management. You also need to take the online ethics module, Professional Ethics. On completion of the Advanced Diploma, you can move up to our Professional level.
  • BSc (Hons) Degree Applied Accounting: You also have the opportunity to further your knowledge and skills with our degree in Applied Accounting, which has been created in partnership with Oxford Brookes University. Holding both a professional accounting qualification and an accounting degree is a powerful combination that can greatly increase employment opportunities with employers.
  • How long will it take?
    The Fundamentals level can be completed in as little as 12 to 18 months, but a range of flexible study options are available to suit your lifestyle.
    To gain the ACCA Qualification and become an ACCA member, you also need to study at the Professional level in addition to completing three years’ work experience. If you study while you work, you could complete everything in just three years.
    Am I eligible?
    To start at Fundamentals level you need a relevant secondary school education covering five separate subjects, which must include English and maths.
    If your qualification is ‘sufficient’ then you can start at Fundamentals level. You may also be able to claim some exam exemptions.
    Sufficient ACCA Qualifications entry requirements?

  • Diploma (from a Federal University) OR
  • Nigeria Certificate of Education OR
  • Advanced Diploma (from a Federal University) OR
  • Diploma OR
  • Matriculation to University (Bachelor or Masters).
  • Please remember to know the exemption from our enquiry officers to find out if your part complete degree attracts exemptions.

    Insufficient ACCA Qualifications entry requirements?

  • 2 passes at West African A Level [grades A-E] / GCE A Level / Cambridge Overseas Higher School Certificate [grades A-E]
    PLUS
    3 passes at Senior School Certificate [grades 1 – 6] / GCE O Level / Cambridge Overseas School Certificate [grades 1-6]
    OR
  • West African Senior School Certificate
  • ACCA Professionals

    Spearmans ACCA Professional Training
    What will it involve?
    The Professional level requires you to undertake:
  • 5 exams: This includes three compulsory courses of Governance, Risk and Ethics; Corporate Reporting; and Business Analysis. Choose two further courses that suit your career ambitions from Advanced Financial Management; Advanced Performance Management; Advanced Taxation; or Advanced Audit and Assurance.
  • 1 ethics module: We believe that finance professionals should be ethical, which is why our Professional level includes a compulsory ethics module.
  • 3 years’ work experience: Our exams provide the theory, but you also need practical experience in a relevant workplace role.
  • How long will it take?
    If you combine your studies and work experience, you could gain your ACCA Qualification and be an ACCA member in as little as three years. However, we think your studies should fit around your life, which is why a range of flexible study options are available.
    Am I eligible?
    To complete the ACCA Qualification and become an ACCA member, you need to complete our Fundamentals and Professional levels. However, your previous education may qualify you for some exam exemptions, such as having a relevant degree from an ACCA-accredited university. If your previous qualifications exempt you from all Fundamentals papers then you can start your studies at the Professional level.

    ACCA Professional Ethics

    Spearmans ACCA Professional Ethics Training
    What will it involve?
    Professional Ethics Module is at the heart of ACCA and is covered in 11 of the 16 subjects, including all papers at the Professional level and 3 of the Essentials subject. the aim of this module is to introduce you to a range of ethical ideas and concepts. You get access to the module as soon as you complete the Knowledge module (F1-F3) of the Fundamentals level. While you have the flexibility to complete the ethics module in your own time you should note that ethics is now one of your requirements of membership and it is therefore recommended that you take the Professional Ethics module at the same time as, or before, the P1, Governance, Risk and Ethics exam.
    ICAN Fundamentals

    ATS 1 LEVEL

     

    Basic Accounting Processes and System

    Business Law

    Economics

    Communication Skills

     

    ICAN ATS 2 LEVEL

     

    Principles and Practice of Financial Accounting

    Information Technology

    Quantitative Analysis

    Public Sector Accounting

     

    ICAN ATS 3 LEVEL

     

    Management

    Preparing Tax Computations and Returns

    Principles of Auditing

    Cost Accounting

    ICAN Levels and Courses

    ICAN

     

    FOUNDATION LEVEL

     

    A1. Quantitative Techniques in Business

    A2. Business and Finance

    A3. Financial Accounting

    A4. Management Information

    A5. Business Law

     

    SKILLS LEVEL

     

    B1. Financial Reporting

    B2. Audit and Assurance

    B3. Taxation

    B4. Performance Management

    B5. Public Sector Accounting and Finance

    B6. Management, Governance and Ethics

     

    PROFESSIONAL LEVEL

     

    C1. Corporate Reporting

    C2. Advanced Audit and Assurance

    C3. Strategic Financial Management

    C4. Advanced Taxation

    C5. Case Study

    Expected Duration

    How long does it take to complete ACCA/ICAN?

     

    ACCA

    On average, it takes most students 3 years to complete the Professional qualification. There are 14 exams across 2 levels, with most students able to complete up to 4 papers each year.

    ICAN

    On average, it takes students 3-4 year for 28 papers in 6stages. Writing exams twice a year.