In February 2011 existing students of CAT - Certified Accountant Technician qualification i.e. who are already registered under CAT will receive a notification from ACCA - Association of Chartered Certified Accountants briefing about new suit of qualifications i.e. FIA - Foundations In Accountancy.
In this notification, that will accompany the December 2010 results due to be released by the end of February 2011 month, ACCA will ask students whether they want to transfer to ACCA register on completion of T5, T6 and T7 or they want to stay in the same register and transfer to FIA where they can complete CAT certification by giving additional 2 more optional papers.
If the above description is hard to grasp then let me put it points so that you can easily understand what is going to happen when.
By last week of February the results of 2010 exams will be announced for CAT and ACCA qualifications.
With December 2010 results, existing CAT students will receive a notification about introduction of new suit of qualifications with the name FIA that is going to replace CAT qualification complete by the end of August 2011.
Remember that CAT qualification will be effective and present until June 2011 exams and conversion from CAT to FIA or from CAT to ACCA will depend on the results of students that they are going to score in June 2011 exams. I repeat your credit or exemptions in FIA or ACCA qualification will be determined according to the papers you will have passed after June 2011 exams.
In the notification, mentioned in point 2 above, students will be asked one important question i.e. whether they want to transfer to ACCA register (whether they want to transfer to ACCA qualification straight) on the completion of T5, T6 and T7 papers (or their equivalents i.e. TT5, TT6 and TT7) or they want to continue to pursue CAT certification. In case students select to transfer to ACCA register then he will resume the studies from ACCA F4 whereas if student selects to pursue CAT certification then he will give two optional papers under FIA.
In this notification, that will accompany the December 2010 results due to be released by the end of February 2011 month, ACCA will ask students whether they want to transfer to ACCA register on completion of T5, T6 and T7 or they want to stay in the same register and transfer to FIA where they can complete CAT certification by giving additional 2 more optional papers.
If the above description is hard to grasp then let me put it points so that you can easily understand what is going to happen when.
By last week of February the results of 2010 exams will be announced for CAT and ACCA qualifications.
With December 2010 results, existing CAT students will receive a notification about introduction of new suit of qualifications with the name FIA that is going to replace CAT qualification complete by the end of August 2011.
Remember that CAT qualification will be effective and present until June 2011 exams and conversion from CAT to FIA or from CAT to ACCA will depend on the results of students that they are going to score in June 2011 exams. I repeat your credit or exemptions in FIA or ACCA qualification will be determined according to the papers you will have passed after June 2011 exams.
In the notification, mentioned in point 2 above, students will be asked one important question i.e. whether they want to transfer to ACCA register (whether they want to transfer to ACCA qualification straight) on the completion of T5, T6 and T7 papers (or their equivalents i.e. TT5, TT6 and TT7) or they want to continue to pursue CAT certification. In case students select to transfer to ACCA register then he will resume the studies from ACCA F4 whereas if student selects to pursue CAT certification then he will give two optional papers under FIA.
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