Frequently Asked Questions

All You Need To Know About Accounting

What is the ACCA qualification

ACCA stands for Association of Chartered Certified Accountants.

The ACCA is a globally recognised chartered accounting qualification—equivalent to a Master's level degree, once professionals papers are complete.

After 5 years qualified, a Fellow status is applied, hence FCCA notation.

Keep for at least 5 years after the 31 January tax deadline.

HMRC investigations may go back 4–20 years depending on the situation.

You can be fined £3,000 by HMRC or disqualified as a company director if you do not keep accounting records.