ACCA: Foundations in Accountancy - FIA

Foundation in Accountancy (FIA)

FIA is the set of entry - level awards developed by the ACCA, with the needs and expectations of employers in mind. FIA offers various entry points, allowing maximum flexibility to select the most appropriate entry route and progression to upper levels, based on previous qualifications, experience and further career aspirations. In line with current best practice and to meet the recommendations of the International Federation of Accountants, a Professionalism and Ethics Module has been included.

Exams
The FIA exams are all CBE (computer based exams), and students can sit them at any time in our accredited CBE centres in Bratislava or Košice. The test duration is 2 hours and results are known immediately.

Exemptions
Students with the relevant qualification from a recognised institution may be eligible to claim exemptions from FIA papers. To be awarded the FIA Certificate or Diploma, it is necessary to pass at least one exam at the respective level and the online Foundations in Professionalism module.

Study Materials
The Academy uses Kaplan Publishing learning materials. Each set includes a Text Book, an Exam Kit and Pocket Notes. In addition, the Academy tutors have developed Course Notes, which contain key information, additional articles, examiners’ reports and examples of past exam papers.

Administration Support
The Academy provides administrative support throughout the study, including exam enrolment, communication with tutors, registration guide, providing information about results as well as providing comprehensive reports to management.

Accredited Centres of The Academy for Computer Based Exams (CBE) are in Bratislava and Košice.

The following exams can be taken via a computer:

ACCA/FIA  
FA1 Recording Financial Transactions
MA1 Management Information
FA2 Maintaining Financial Records
MA2 Managing Cost and Finances
FAB (F1) Accountant in Business
FMA (F2) Management Accounting
FFA (F3) Financial Accounting
F4 Corporate and Business Law

 

Computer based exams can be sat at any time during the year, providing students with better flexibility, particularly during the initial period of a course. Results are available immediately after the test is finished. In case of failure, the exam can be repeated an unlimited number of times. 

For more information about CBE, or if you wish to apply for a CBE, please contact the Academy.

The Academy considers FIA to be a system of long-term educational process. Therefore we have designed the entire curriculum to last 18 - 24 months). Based on our experience, we propose three recommended ways to passing FIA:

  • Step by Step this route assumes full completion of all 7 exams of FIA qualifications. It is mostly suitable for junior accountants without any relevant experience and education, who has been with the company for a short time.
  • Convenience – entry into the system is at the intermediate level and course is prolonged for one training day. This level is suitable for more advanced accounting positions of university graduates without experience.
  • Speed Route – beginning of studies is at the Diploma level, quick formal recognition of the qualification, suitable for experienced employees or as a motivation for key talents. Option to proceed to full ACCA Qualification.

The following table shows the duration of the course in days depending on the chosen study structure:

Module Step by Step Convenience Speed Route
FA1 2 n/a n/a
MA1 2 n/a n/a
FA2 3 3 n/a
MA2 3 3 n/a
FAB 4 4 4
FFA 5 5 5
FMA 5 5 5

Talent development

The FIA will help your organisation reach new talent pools in the labour market, such as school leavers and career changers, and enable you to identify the key talents within the company.

Reputation

An internationally recognised professional qualification will send a positive signal to prospective employees, and the modular system of the FIA enables the design of a specific curriculum for different employees or job roles.

Cost control

It is neither necessary nor efficient to have qualified professional accountants within all financial positions in the company. The FIA helps you to optimise costs and achieve better and earlier returns on training investments and to develop specific skills necessary to perform a specific function, in particular for junior positions.

Development of essential finance skills across the organisation

Non-financial managers must have a good grounding in finance and accounting techniques in order to make effective business decisions – the FIA can provide this.

Professionalism and ethics

Part of the FIA study is to complete the ethics module called Foundation in Professionalism, which will ensure that your staff demonstrate professional behaviour towards clients and respect a code of ethics in the workplace.

Dates

Preparatory courses for individual FIA qualifications are usually organised for closed groups from the same company, and are tailored to the employer’s requirements. Should you wish to take any FIA course individually, please check our calendar for dates of open courses.

Fees

Module Description Fee (EUR)*
FA1 Recording Financial Transaction 65,00
MA1 Management Information 65,00
FA2 Maintaining Financial Records 65,00
MA2 Managing Costs and Finances 65,00
FAB (F1) Accountant in Business 85,00
FMA (F2) Management Accounting 85,00
FFA (F3) Financial Accounting 85,00
ACCA Registration/Annual fee 115,00/125,00


*The above exam fees are valid for the Academy students who take a part at the preparatory course. For those who wish to take CBE exam only will be charged 30 EUR extra administration costs.

Contact us

Eva Hupková
Director, The Academy Leader
Tel: +421 2 59350 414
Email

Martin Šalgo
The Academy Sales Representative
Tel: +421 2 59350 156
Email

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