Fahad School of Accountancy - FSA

In the journey toward professional success, especially in a demanding qualification like ACCA, it is not about avoiding challenges—it is about embracing them. Every obstacle is an opportunity to learn, grow, and sharpen your skills. Challenges test not only your knowledge but also your resilience, adaptability, and problem-solving ability—qualities that define future leaders in the finance and accounting profession. By facing difficulties head-on, you prepare yourself for the complexities of the real business world, turning setbacks into stepping stones. This is the essence of Think Ahead: seeing beyond the immediate struggle to the long-term growth it creates, and building the confidence to lead in a dynamic, ever-changing global environment.

Accountancy is changing.

Accountants are driving sustainability, promoting social value, reshaping businesses, enabling innovative technologies, and sharpening their cutting-edge financial and ethical skills for a changed world.

So ACCA is redesigning the forward-looking ACCA Qualification to equip the next generation for a widening choice of successful and fulfilling careers. So these future professionals can look beyond the bottom line, be catalysts for positive change, and bring more value than ever to businesses and organizations across the world.

What's changing and when?

Responding to the evolving needs of business, ACCA is redesigning the ACCA Qualification to introduce:

-New awards and designations to recognize achievement and support career success

-An interactive, experiential learning environment with modern assessments, including new modules focused on employability

-even more focus on sustainability, social impacts, AI and technology, all woven into the qualification

and enhance:

-An already strong core syllabus with the flexibility of options at the final level

-Tailored education support, enabling flexible, successful study journeys

-rigour – ethics will always remain at its heart

Milestones and support timeline:

2025

June 2025

Accountancy redefined. Announcement of the future ACCA Qualification

Global launch event. Your qualification: always in demand.

Use ACCA launch resources to find out what it means for you:

Future Qualification explainer resources
Stakeholder guidance and support timeline
ACCA Transition Tool

August 2025

ACCA variant exams. Guidance released:
Future variant exams
Exam timelines
ACCA support roadmap

September 2025

'Ask ACCA' global student webinars
A chance to discuss the future ACCA Qualification, implementation timeline and support with ACCA teams.

November 2025

Foundations and Knowledge Exams guidance pack:
Exam syllabus
Essential Employability Module syllabus
Specimen exams (PDF)
Examining team guidance.

2026

March 2026

Expertise and Strategic Professional Exams guidance pack:
This will include ACCA new Option exam, Data Science Professional, alongside guidance for:

Exam syllabus
Essential Employability Module syllabus
Specimen exams (PDF)
Examining team guidance

2027

January 2027

Foundations and Knowledge Exams: ACCA Study Hub, Practice Platform and ACCA-X

Updated ACCA content available for Foundations and Knowledge exams:

ACCA Study Hub
ACCA Practice Platform
ACCA-X

March 2027

Expertise and Strategic Professional Exams: ACCA Study Hub and Practice Platform updates

Updated ACCA content available for Expertise and Strategic Professional exams:

ACCA Study Hub
ACCA Practice Platform

April 2027

Foundations and Knowledge: Essential Employability Modules - Global student webinars
Pre-launch support webinars, including the opportunity to ask questions to the ACCA team.

Future Foundations and Knowledge Exams: Exam entry opens
Students can enter for Foundations and Knowledge exams commencing from July 2027.

June 2027

Final sitting of Applied Skills and Strategic Professional Exams
After this exam session students transition to the future ACCA Qualification.

July 2027

Expertise and Strategic Professional: Essential Employability Modules - Global student webinars
Webinars providing an overview of Essential Employability Modules at Expertise and Strategic Professional level ahead of launch.

Foundations and Knowledge Exams available (on-demand)
First opportunity for students to sit the Foundations and Knowledge exams.

Expertise and Strategic Professional Exams: September session exam entry opens

September 2027 exam session entry opens giving students their first opportunity to enter for the Expertise and Strategic Professional exams.

To be confirmed

Foundations & Knowledge: Essential Employability Modules available
Further details to follow.

August 2027

Expertise & Strategic Professional Exams: Last chance to enter for the September 2027 exam session
September 2027 exam entry closes.

September 2027

Expertise & Strategic Professional Exams: September exam session
First sitting of the Expertise & Strategic Professional exams.

October 2027

Exam results released for the September 2027 exam session
Results for the first exam session of Expertise & Strategic Professional exams released.

Accountancy redefined

Introducing the future ACCA Qualification - keeping you ahead in a changed world.

ACCA
A redesigned qualification for a redefined profession!

The Business Entity Concept is a core accounting principle that requires the business to be treated as a separate accounting unit, distinct from its owner(s) or stakeholders. This principle ensures that all financial transactions related to the business are recorded independently of the personal financial activities of its proprietors. It applies regardless of the legal form of the business—be it a sole proprietorship, partnership, or corporation. By maintaining a clear distinction between business and personal finances, this concept promotes accuracy, consistency, and objectivity in financial reporting. It allows stakeholders to assess the true financial performance and position of the business, free from the influence of non-business-related transactions
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✅ Example:
Let’s say Sarah starts a small business called Sarah's Bakery.
Sarah puts in $10,000 from her personal savings to start the bakery. She also buys a personal phone for $800.

🧾 According to the Business Entity Concept:
• We record $10,000 as capital in the bakery’s books (because Sarah is investing in the business).
• But the $800 phone is NOT recorded, because it is a personal expense, not related to the business.
🍞 Now suppose the bakery earns $5,000 profit.
• That $5,000 belongs to the business — not directly to Sarah (yet).
• When Sarah takes out money from the business for personal use (called drawings), we record it separately.
________________________________________

🧠 Key Point to Remember:
Even if one person owns the business, in accounting we always treat the owner and the business as two separate "persons".

Unlock Your Path to a Successful Career in Finance!

Are you ready to embark on a rewarding career in the world of finance? Fahad School of Accountancy (FSA) offers a comprehensive and flexible online ACCA Foundation course tailored for individuals with a Matric, Intermediate, or O/A Levels background.

Why Choose FSA?

-Expert Guidance: Learn from industry-leading instructor with years of experience.
-Flexible Online Learning: Study at your own pace, from anywhere, at any time.
-Global Recognition: ACCA is a globally recognized qualification that opens doors to a wide range of career opportunities in finance and accounting.

Your Journey to Success Starts Here! Take the first step today by enrolling in our ACCA Foundation course. Equip yourself with the skills and knowledge needed to excel in the finance sector.

Get in Touch:

Email: [email protected]

Don't wait – shape your future with FSA and take control of your financial career!