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ACCA Professional Training Scheme

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Start your journey of becoming a Chartered Certified Accountant under a fully sponsored training scheme

What you need to know

To qualify as a Chartered Certified Accountant (ACCA) from the Association of Chartered Certified Accountants (ACCA) you must be offered an employment contract with PwC and undertake a three (3) year training programme, under a five (5) year training contract. It takes three (3) years to qualify as a Chartered Certified Accountant (ACCA) with ACCA and it takes five (5) years of work experience to gain a practicing certificate from the Institute of Certified Public Accountants of Cyprus (ICPAC). Upon completion of the five (5) year period, the employment contract remains in effect.

Benefits

We will sponsor your journey of becoming a Chartered Certified Accountant (ACCA). As part of your training contract the following expenses will be fully covered by PwC:

  • Tuition fees, material and examination fees (for the first attempt of each examination)

  • Exemption fees

  • Admission fee to ACCA Membership 

In addition to the above you will get: 

  • Paid study leave, for the first attempt of each examination

  • Unpaid leave, upon approval

You will also enjoy benefits such as:

  • FlexMenu (such as FlexDay, FlexWeek, FlexPlace and many more)

  • Medical Insurance (optional)

  • Life Insurance 

  • Provident Fund

  • Friday afternoon off

  • Dress for the Occasion

  • Free parking

When to apply

The online application process commences in June each year. It is highly recommended that candidates apply one year before graduation as this scheme is highly competitive.

Each year, the training courses commence in January whereas the Employment and Training Agreement commences on a date to be agreed between September and December of the previous year.  

 

Course method

As an ACCA trainee, you will attend afternoon classes (i.e. 18:00 - 21:00) and/or weekend courses and/or blended courses (combination of online study and classroom courses). 

ACCA membership

In order to obtain the ACCA membership, you must successfully complete the following:

  • A total of 13 examinations (as described below)

  • Practical Experience Requirement (PER)

    • Complete 3-years of employment in an accounting or finance-related role(s)

    • Achieve performance objectives to the satisfaction of your workplace mentor

    • Record and report your PER progress through the Trainee Development Matrix (TDM) (Note: PwC is a platinum ACCA Approved Employer. Therefore, you are exempt from using the TDM)

    • Making a PER return each year: As part of the PER, you are required to submit an annual return stating what practical experience obtained, if any, in the last 12 months.

  • Ethics and Professional Skills Module 

    • You are required to complete the Ethics and Professional Skills module, which gives you exposure to a range of ethical perspectives and includes several self-tests.  

 

Professional Examinations

The ACCA examinations are divided into 3 levels:

Level 1: Applied Knowledge  

  • This level includes 3 examinations, which provide you with a broad introduction to the world of finance and develop your essential understanding and techniques in accounting:

  1. Business and Technology (BT) 

  2. Management Accounting (MA)

  3. Financial Accounting (FA)

Level 2: Applied Skills  

  • This level includes 6 examinations, which help you develop strong, broad and practical finance skills required from any future strategic professional accountant in any industry sector:

  1. Corporate and Business Law (LW)

  2. Performance Management (PM)

  3. Taxation (TX)

  4. Financial Reporting (FR)

  5. Audit and Assurance (AA)

  6. Financial Management (FM)

Level 3: Strategic Professional 

  • This level includes 4 examinations, assessing the more advanced and sophisticated techniques that a professional needs in order to specialise in specific areas at work. This level is also divided into 2 modules:

    • Compulsory:

  1. Strategic Business Leader (SBL)

  2. Strategic Business Reporting (SBR)

  • Elective:

  1. Advanced Financial Management (AFM)

  2. Advanced Performance Management (APM)

  3. Advanced Taxation (ATX)

  4. Advanced Audit and Assurance (AAA)

 

For more information regarding the ACCA examinations, please visit the ACCA website

Exemptions

Trainees are eligible to apply for a maximum of 9 exemptions at the Applied Knowledge and Applied Skills levels from the ACCA examinations, if they provide evidence that the learning outcomes have been met as part of their academic or professional studies.

For more information regarding exemptions, please visit the ACCA website where you can find out how many exemptions you can obtain with your university degree.

Exam Center

All examinations are held in Cyprus.

 

 

Academic Background

  • Be an undergraduate university student, in any field of study

  • Expect to graduate from university with a minimum grade as follows:

    • University of Cyprus 7,5/10

    • Other local Universities 3,33/4

    • Greek Universities 7,5/10  

    • UK Universities 2:1 (i.e. 60-69%)

    • US Universities 3,33/4 

  • Fluency in English

  • Fluency in Greek will be considered an advantage

  • Strong IT Skills

  • Strong communication and interpersonal skills

  • Team oriented

  • Commercially aware

 

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