Teo

Teo, Boustead Holdings Berhad

The part I enjoy most about my job is the sense of accomplishment at the end of the day, particularly after a gruelling year end. I work in an environment where success is rewarded and this keeps me motivated.

Find out more

Jane

Jane, Deloitte

A career in accountancy was attractive to me as I saw it as a way of working in the business world and gaining experience of how a diverse range of businesses and industries operate in reality.

Find out more

Phedra

Phedra, KPMG

I decided upon the ACA qualification as it’s the most prestigious and acknowledged accountancy qualification in Cyprus. Qualifying as an ACA offers diverse employment opportunities, both in the accountancy profession and beyond.

Find out more

ACA graduate brochure

View our interactive ACA graduate brochure and download a copy.

Download ACA brochure

University e-zine

Sign up for our free monthly e-zine for university students / graduates interested in a career in business, finance and accountancy.
Sign up now

Professional Stage modules

The Professional Stage consists of Knowledge modules and Application modules. The Knowledge modules introduce you to the core concepts underpinning accountancy. The Application modules demonstrate how you can build on your knowledge in practice.

Breakdown of professional stage modules

Knowledge module Description Download an overview
Business and Finance Learn about business objectives and functions, business structures, the role of finance and accounting, the role of the accountancy profession, governance and ethics and the impact of the external environment. Business and Finance module overview (PDF 35kb/3 pages)
Management Information Information Cover costing and pricing, budgeting and forecasting, performance management and management decision-making
Accounting Learn to prepare financial statements, maintain financial records and how to make adjustments to accounting records and financial statements. Accounting module overview (PDF 40kb/2 pages)
Law Become familiar with the impact of civil law on business and professional services, company and insolvency law, the impact of criminal law on business and professional services and the overall impact of law in the professional context. Law - Module Overview (PDF 81kb/3 pages)
Assurance Familiarise yourself with the concept, process and need for assurance, internal controls, how to gather evidence on an assurance engagement and professional ethics.
Principles of Taxation The key to accountancy; learn the objectives and types of tax including income tax and other local taxes, capital gains tax and corporation tax on chargeable gains, corporation tax and value-added tax (VAT), as well as ethics and administration.
Application module Description Download an overview
Business Strategy With your knowledge module toolkit, consider strategic analysis, the strategic choices open to organisations and how to implement strategy. Business Strategy module overview (PDF 96kb/7 pages)
Financial Management Learn about financing options, managing financial risk, investment and financing decisions. Financial Management module overview (PDF 94kb/6 pages)
Financial Accounting Building on the earlier accounting module, learn accounting and reporting concepts, and how to prepare single company financial statements and consolidated financial statements. Financial Accounting module overview (PDF 117kb/13 pages)Financial Accounting AAT Top Up module overview (PDF 115kb/13 pages)
Financial Reporting The key to effective financial management, look at current issues in the reporting framework, the formulation of accounting and reporting policies, how to prepare and present extracts from financial statements, and how to analyse and interpret financial information. Financial Reporting module overview (PDF 35kb/2 pages)
Audit and Assurance Consider legal, ethical and current issues, how to accept and manage engagements, plan assurance engagements and how to conclude and report on assurance engagements. Audit and Assurance module overview (PDF 36kb/2 pages)
Taxation Developing your knowledge from the earlier tax module, become familiar with the application of the principles of tax to businesses, including companies, partnerships and sole traders, and the application of the principles of tax to individuals. Taxation module overview (PDF 59kb/5 pages)

How long are the exams?

Knowledge modules

Each knowledge module assessment is 1.5 hours long and each exam will be e-assessed (computer based), which enables trainees and employers to schedule exams at convenient times and dates.

Application modules

Application modules will be assessed by paper-based exams, each which will be 2.5 hours long.