FCCA FCCA Continuing Professional Development 2

Question 1

How often must ACCA members submit a CPD declaration?

Accepted Answer

Annually

Answer

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?

Accepted Answer

21 units

Answer

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?

Accepted Answer

To maintain and enhance professional competence throughout a career

Answer

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?

Accepted Answer

Strategic financial leadership and US GAAP updates

Answer

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?

Accepted Answer

Yes, if a certificate of completion is issued

Answer

Online learning qualifies as verifiable CPD provided it results in documented evidence such as a certificate of completion.

FCCA - Fellow of the Association of Chartered Certified Accountants Practice Test