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.
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)
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)
Friday afternoon off
Dress for the Occasion
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.
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).
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.
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:
Business and Technology (BT)
Management Accounting (MA)
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:
Corporate and Business Law (LW)
Performance Management (PM)
Financial Reporting (FR)
Audit and Assurance (AA)
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:
Strategic Business Leader (SBL)
Strategic Business Reporting (SBR)
Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)
For more information regarding the ACCA examinations, please visit the ACCA website
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.
All examinations are held in Cyprus.
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