Introduction to Foundations in Accountancy-FIA

FIA-ACCA , Foundation in Accountancy (FIA) is not simply another qualification rather it is an entire new suit of capabilities all set to might be Certified Accounting Technician (CAT).  FIA,s entire suit is subdivided into three certificates and a Diploma.



CAT             ==>          FIA               ==>         ACCA
                                 
  T1                               FA1
  T2                               MA1

                                 Introductory
                                 Certificate in
                                   Financial 
                                      and
                                 Management
                                 Accounting

                                    
 T3                                FA2
 T4                                MA2
                                 
                                Intermediate 
                                 certificate in
                                   Financial
                                      and
                                 Management
                                 Accounting

T5                                 FAB                   ==>             F1          
T6                                 FFA                   ==>             F3         
T7                                 FMA                  ==>             F2     
                                
                                 Diploma in
                                 Accounting

                                     and
                                  Business   

 T8                                FAU
 T9                                FTX
 T10                              FFM

                                 Optional papers
                                   Two must be 
                                 Selected out of
                                 Three  papers
                                            =
                             Certified Accounting
                                   Technician 

Above skech of FIA shows that it,s a suit of qualifications not simply a certificate.Students now have the option to register for Diploma directly skipping introductory and intermediate certificate stages . Upon completion of 'Diploma in Accounting and Business' students become eligible for ACCA .

After completion of  FAB, FFA, and FMA students are given exemption of three papers of ACCA (F1,F2,F3) and a diploma also.Diploma can be downloaded from student,s accounts after completing FiP module found in their ACCA,s account. 

FIA is a new name for previous certification known as CAT but due to different certifications under it, this ensures compatibility of  ACCA in continuously changing environment of  accountancy and business.