The ACCA Qualification gives students the most up-to-date skills they need to become finance professionals. But it gives you a much deeper and more rounded approach than the purely technical one. Threaded through the whole journey are the ethics and values students need to make a difference. CPD is a vital part of the membership. It ensures that professionals maintain and enhance the knowledge and skills needed to deliver a professional service to customers, clients, and the community.
MY-CPE LLC offers Continuing Education courses for the Association of Chartered Certified Accountants (ACCA) Professionals. We are focused on providing quality continuing education to the Association of Chartered Certified Accountants (ACCA) members that incorporate the qualified subject areas. Our CPE courses are authored/reviewed by industry specialists and subject matter experts. All our courses are designed in a way to ensure that courses meet your continuing professional development requirements.
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)CPD REQUIREMENT OVERVIEW
| CPD Requirements | The amount of CPD you need to do will depend on which CPD route you follow. Most members will follow the CPD unit route and need to complete 40 units of CPD annually. |
| License Renewal Period | March 31st annually. |
| CPD Reporting Cycle | January 1 to December 31 annually. |
| Ethics Requirement | No ethics requirement. |
| Carry over Credits | If you complete more than 21 verifiable units in any year, you can carry forward up to 21 of these additional units to your next CPD year. Non-verifiable units cannot be carried forward. Please note that you cannot carry forward CPD units in the year you are admitted to membership, as you only need to start doing CPD the following year. |
CLICK HERE for further reference on CPD regulations for the Association of Chartered Certified Accountants (ACCA).
The Association of Chartered Certified Accountants (ACCA) offers different routes, which route you follow each year will determine the CPD requirement.
If the answer is 'yes' to all three, you can follow the IFAC body route. It is important that you still submit your annual CPD declaration, confirming that you’ve followed this route.
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There is no minimum ethics requirement for the Association of Chartered Certified Accountants (ACCA).
Any learning activity can count as verifiable CPD when you can answer YES to these three questions:
Non-verifiable CPD is general learning not related to a specific outcome, or for which it is difficult to gather evidence. It can include general reading, such as technical journal articles.
The Association of Chartered Certified Accountants (ACCA) license renewal period ends on 31st March annually.
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A CPD reporting cycle for the Association of Chartered Certified Accountants (ACCA) is from January 1 to December 31 annually.
Here is the link to access the ACCA website for FAQs on CPD requirements and regulations.
Following are the qualifying subject areas:
Applied Knowledge
Applied Skills
Strategic Professional
No, there are no minimum CPD requirements in a particular subject area.
Provided that what you learn is relevant to your job or future career aspirations then lots of different activities can count as CPD, including:
Click here for future reference.
All the ACCAs must keep a record of their CPD for three years. How you record your CPD varies depending on the route chosen.
Unit route:
Ensure that you keep comprehensive evidence of your verifiable CPD units, as well as a record of your non-verifiable CPD. For your verifiable CPD, your records should show:
Unit route: part-time or semi-retired:
Ensure that you keep:
ACCA Approved Employer route:
Ensure that you keep evidence of both your:
IFAC body route:
Ensure that you keep:
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All members are required to submit an annual CPD declaration each year, no matter what CPD route is followed. You can submit your annual CPD declaration online at any point in the year by logging into myACCA. Alternatively, you can complete a paper version, which you will receive as part of your annual subscription renewal notification. This must be returned to ACCA by January 1stof the following year.
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The cost of renewal for ACCA professionals is country-specific. For the United Kingdom, the annual license renewal fee is £283 payable on 1 January each year.
Click here to know renewal fees as per your country.
No, short videos or the Nano learning method are not approved for CPD.
Yes, the Association of Chartered Certified Accountants (ACCA) can carry forward excess credit earned in a particular renewal cycle. If you complete more than 21 verifiable units in any year, you can carry forward up to 21 of these additional units to your next CPD year. Non-verifiable units cannot be carried forward.
You cannot carry forward CPD units in the year you are admitted to membership, as you only need to start doing CPD the following year
If you haven’t been able to meet your CPD requirement, there’s an option to declare this on your form. The board will then contact you about making up any CPD shortfall and ask you to submit a replacement declaration when you’ve fulfilled all your CPD requirements.
A new member must begin recording CPD from January 1stafter he becomes a member.
MyCPE provides courses that are approved for continuing education credits. Based on the guidelines issued by these boards regarding Continuing Professional Development Requirements we recommend the programs/ webinars to be suitable for the qualification. However, it will be the responsibility of each attendee to ensure that they are eligible for CPD credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.
