FCCA FCCA Continuing Professional Development 2 — Questions and Answers
Question 1: How often must ACCA members submit a CPD declaration?
- Monthly
- Quarterly
- Annually (Correct answer)
- Every 3 years
Correct answer: Annually
ACCA members must complete and submit a CPD declaration annually, confirming compliance with the year's requirements.
Question 2: Under ACCA CPD rules, what is the minimum number of verifiable units required per year?
- 10 units
- 21 units (Correct answer)
- 30 units
- 40 units
Correct answer: 21 units
Of the 40 total CPD units required, at least 21 must be verifiable, meaning they can be evidenced with documentation.
Question 3: Which of the following best describes the purpose of CPD for FCCA members?
- To earn additional accounting qualifications
- To maintain and enhance professional competence throughout a career (Correct answer)
- To satisfy employer performance review requirements
- To qualify for higher ACCA membership tiers
Correct answer: To maintain and enhance professional competence throughout a career
CPD exists to ensure that FCCA and ACCA members remain competent, up-to-date, and effective professionals throughout their careers.
Question 4: An FCCA member works as a CFO at a US corporation. Which CPD topic would best support their current role?
- Entry-level bookkeeping techniques
- Strategic financial leadership and US GAAP updates (Correct answer)
- Basic Excel spreadsheet skills
- ACCA student exam preparation
Correct answer: Strategic financial leadership and US GAAP updates
A CFO's CPD should focus on strategic finance and relevant accounting standards like US GAAP to maintain high-level professional competence.
Question 5: Can online learning count toward ACCA's verifiable CPD requirement?
- No, only in-person events qualify as verifiable
- Yes, if a certificate of completion is issued (Correct answer)
- Yes, but only if hosted by ACCA directly
- No, online learning is always non-verifiable
Correct answer: Yes, if a certificate of completion is issued
Online learning qualifies as verifiable CPD provided it results in documented evidence such as a certificate of completion.
Question 6: An ACCA member selected for a CPD monitoring exercise must provide which type of evidence?
- Only self-declaration forms
- Documentation supporting verifiable CPD units completed (Correct answer)
- A written essay on professional development goals
- Employer endorsement letters only
Correct answer: Documentation supporting verifiable CPD units completed
In a CPD monitoring exercise, ACCA reviews documentary evidence of verifiable CPD activities, such as certificates and attendance records.
FCCA FCCA Continuing Professional Development 2
How often must ACCA members submit a CPD declaration?