Professional Qualifications (ACCA/ACA)


K. Treppides & Co Ltd offers to candidates the opportunity to qualify as Chartered Accountants (ICAEW) or as Certified Chartered Accountants (ACCA) by undertaking a 4 year or a 3 year training program respectively under a 5-year employment contract.

More detailed information about the training programmes can be found at:

Chartered Accountants (ICAEW) [ link to www.icaew.com ]
Certified Accountants (ACCA) [ link to www.accaglobal.com ]

  

ACCA Training Scheme

 

Training Contract:

To qualify as a Certified Chartered Accountant (ACCA) of the Association of Chartered Certified Accountants (ACCA) the selected candidate must undertake a 3-year training program, under a 5-year employment contract with K. Treppides & Co Limited.

Benefits:
Over the period of the 3-year training program, K. Treppides & Co Limited covers all expenses for the Trainees’ first attempt in each examination:

• Tuition fees and study material for the first attempt of each examination
• Examination fees for the first attempt of each examination
• 6 days paid study leave for trainees who attend Evening Courses and 9 days paid study leave for trainees who attend Block Release Courses. Study Leave is given only for the first attempt

Other benefits provided by K.Treppides & Co Ltd:
• In house training courses
• Attractive remuneration package
• Provident fund
• Medical Scheme
• 21 days annual leave
• Flexible working hours
• Friday afternoon off


Examinations and paper structure:
The ACCA examinations are divided into two levels:
1. The Fundamental Level
2. The Professional Level
There are 4 examination sittings per year (March, June, September and December).

The Fundamental Stage consists of 9 examinations (knowledge modules and skills modules) as follows:

Knowledge modules:
• F1 Accountant in Business (AB)
• F2 Management Accounting (MA)
• F3 Financial Accounting (FA)

Skills modules:
• F4 Corporate and Business Law (CL)
• F5 Performance Management (PM)
• F6 Taxation (TX)
• F7 Financial Reporting (FR)
• F8 Audit & Assurance (AA)
• F9 Financial Management (FM)


The Professional Level consists of 5 examinations:
A. The Essentials module
• P1 Governance, Risk and Ethics (GRE)
• P2 Corporate Reporting (CR)
• P3 Business Analysis (BA)

B. The Options module (2 examinations out of 4 options)
• P4 Advanced Financial Management (AFM)
• P5 Advanced Performance Management (APM)
• P6 Advanced Taxation (ATX)
• P7 Advanced Audit & Assurance (AAA)


Exemptions:
A maximum of 9 exemptions from the Fundamental level can be granted to Trainees according to their Bachelor degree.

Method of courses in K. Treppides & Co Ltd:
ACCA Trainees who attend F4-P7 Papers must attend Block Release courses at a specific service provider which take place on Fridays and weekends. Evening courses (18:00-21:00) are allowed only for papers F1, F2 and F3. Trainees are advised by the Trainees' Counsellor as to which paper(s) to attempt each semester.

Online Courses:
Online courses are offered in collaboration with BPP UK only for some papers.

Essentials for ACCA Membership:
In order to become an ACCA Member the following key elements must be completed:
1. 14 examinations

2. Practical Experience Requirement (PER) which consists of 4 elements:
a. Completion of 3 years work experience in an audit, accounting or finance related position
b. Achieving ACCA’s performance objectives
c. Recording the practical experience (PER) through the Trainee Development Matrix (TDM)
K. Treppides & Co Ltd is an ACCA Platinum Approved Employer and ACCA trainees are exempted from completing the TDM
d. Making a PER return each year

3. Professional Ethics Module
ACCA Trainees are required to complete the Professional Ethics module which includes self tests and questions on various ethical perspectives.


Entry requirements and applications
In order to apply for the professional training schemes offered by K. Treppides & Co Ltd, candidates must meet the following requirements:
1. UK University graduates with at least an upper second class honors degree (2:1)
2. University of Cyprus and Greek Universities graduates with at least 7.5 GPA
3. Local Private Universities with at least 3.5 GPA
4. USA Universities with at least 3.5 GPA
5. Other University with at least 3.5 GPA or equivalent grade

 


ACA Training Scheme

 

Training Contract:
To qualify as a Chartered Accountant (ACA) of the Institute of Chartered Accountants in England & Wales (ICAEW) the selected candidate must undertake a 4-year training program, under a 5-year employment contract with K. Treppides & Co Limited.


Benefits:
Over the period of the 4-year training contract, K. Treppides & Co Limited covers all expenses for the Trainees' first attempt in each examination:

• Tuition fees and study material for the first attempt of each examination 
• Examination fees for the first attempt of each examination
• Paid study leave for the first attempt of each examination

Other benefits provided by K.Treppides&Co Ltd:
• In house training courses
• Attractive remuneration package
• Provident Fund
• Medical Scheme
• 21 days annual leave
• Flexible working hours
• Friday afternoon off


Examinations and paper structure:

The ACA qualification has 15 modules over three levels. 
1. The Certificate Level
2. The Professional Level
3. The Advanced Level


1. Certificate Level
The Certificate Level is the first level of the ACA examination structure. There are a total of 6 examinations at this stage which introduce the fundamentals of accountancy, finance and business and are examined through computer – based assessments.

Certificate Level Modules
• Accounting (ACC)
• Assurance (ASS)
• Business and Finance (B&F)
• Law (LAW)
• Management Information (MI)
• Principles of Taxation (PoT)


2. Professional Level 
The Professional Stage consists of 6 examinations which build on the fundamentals and test students’ understanding and ability to use technical knowledge based on real-life scenarios. The Professional Level modules are examined through paper-based assessments.

Professional Level Modules
• Audit and Assurance (AA)
• Financial Accounting and Reporting (FAR)
• Financial Management (FM)
• Tax Compliance (TC)
• Business Planning: Taxation (BPT)
• Business Strategy (BS)


3. Advanced Level
The Advanced Stage, is the final level of the ACA examination and consists of 3 examinations. The Advanced Level modules are examined through paper-based assessments.

The Corporate Reporting and Strategic Business Management modules test students’ understanding and strategic decision making at a senior level. They present real-life scenarios, with increased complexity and wider implications from the Professional Level modules.

In order to be able to take the Advanced Case Study paper, ACA Trainees must be in their last year of their training contract. The Case Study presents a complex business issue which challenges students’ ability to problem solve, identify the ethical implications and provide an effective solution.


Advanced Level Modules
• Corporate Reporting (CR)
• Strategic Business Management (SBM)
• Case Study (CS)


Credit for prior learning (Exemptions):
Trainees are eligible to apply for eight exemptions (“Credit for prior learning”) from the ACA examinations. In some specific cases, trainees are eligible to apply for twelve exemptions. More specifically, Credits are available at the Certificate and Professional Level, but not at the Advanced Level.

For more information regarding “Credit for prior learning”, please visit the ICAEW website, where you can find out how many exemptions you can obtain based on your university degree.


Method of courses in K. Treppides & Co Ltd:
ACA Trainees attend Block Release courses on a full time basis for certain periods of time during their training. Trainees are away from the office on study leave while attending their courses and return in the office after sitting their examinations.

Online Courses
Online courses are offered in collaboration with BPP UK for some papers.

Essentials for ACA Membership:
In order to become an ACA Member the following key elements must be completed:
1. 15 examinations

2. 450 days of Practical Work Experience 
Practical Work Experience are the chargeable days of the trainee. This excludes exam days, study leave, holidays, courses, sick leave and office administration.

3. Initial Professional Development (IPD):
K. Treppides & Co Ltd has an accredited IPD scheme which develops ACA Trainees in 7 key ladders as per the guidelines of the ICAEW:
I. Communication
II. Team Working
III. Decision Making
IV. Consideration
V. Adding Value
VI. Problem Solving
VII. Technical Competence

4. Ethics and Professional Skepticism 
This includes a web-based programme made up of 6 modules, 5 webinars and 1 assessment that help trainees to develop their professional ethics.

Contact details

Applications are accepted throughout the year.
For any further inquiries please contact our Human Resource Department at This email address is being protected from spambots. You need JavaScript enabled to view it.

Publications


JUNE TAX Newsletter Issue 07/2017
We would like to bring to your attention that the Temporary Tax Assessment for the tax year 2017 is approaching....
23 June 2017
JUNE FRA Newsletter Issue 21/2017
The Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the Regulated Entities about the Risk Based Supervision Framework submission. ...
19 June 2017
JUNE Tax Newsletter Issue 05/2017
We would like to inform you that Ministers and other high-level officials from 76 jurisdictions signed in Paris on 07/06/2017...
16 June 2017
JUNE FRA Newsletter Issue 20/2017
The European Banking Authority ("EBA") published its 2018 EU-wide stress test draft methodology and templates for discussion with the industry. ...
12 June 2017
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