ACCA accredits accounting degree

BY Staff Writer

The Association of Chartered Certified Accountants (ACCA), a global body for professional accountants, has accredited Uganda Christian University’s (UCU) Bachelor of Business Administration (BBA), in Accounting majors.

The accreditation of this programme comes with an exemption of six papers for the UCU graduates who majored in accounting applying to sit for ACCA.

“We have been chasing for this exemption accreditation for a while now, and I am happy it was finally formalized.

“This accreditation means that our students of BBA who majored in accounting, already did course units that are equivalent to the exempted papers in ACCA during their bachelors,” Dr Godwin Awio, the head of department, Business and Finance, said.

“However, people should note that this only applies to Accounting majors, but not majors in Finance, Marketing, and Management.”

The document that was addressed to Dr Awio on March 15, 2017, reads that they had assessed the programme for accreditation and concluded that UCU BBA Accounts graduates were eligible for exemption of  six papers including F1, F2, F3, F4, F5 and F7.

The Faculty of Business Administration and Management introduced CPA and ACCA courses in January 2017.

The accreditation comes a few weeks to the first sitting of the pioneer classes. It is not only a testimony of the quality of the degree BBA students of UCU acquire, but also a huge financial lift on the students planning to sit for ACCA.

“UCU has an agreement with the ACCA body, where our students first of all, are exempted from the first year subscription fees when starting the course.

“And secondly, they are also exempted from paying for the six papers they have been lifted from.

“On average other universities are usually exempted from four papers only but for UCU, they have exempted from six,” Dr Awio added.

Each ACCA paper costs £72 per sitting, saving UCU graduates up to £432.

The document, however, comes with some limitations like, the programme holds accreditation for graduates within the period between January 1, 2017 to December 31, 2021. This means it does not cater for the applicants who graduated before this date.

Commenting on the certification, Mr Godfrey Sempungu, the associate dean Faculty of Business and Administration, said: “This stamp of approval is a testament to the rigour of the programme and the readiness of our graduates to join the accounting profession.”

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