FCCA FCCA Continuing Professional Development 1 — Questions and Answers
Question 1: Under ACCA's CPD framework, how many CPD units must an ACCA/FCCA member complete each rolling year?
- 10 units
- 20 units
- 40 units (Correct answer)
- 60 units
Correct answer: 40 units
ACCA requires members to complete a minimum of 40 CPD units per year, with at least 21 verifiable units.
Question 2: What is the difference between 'verifiable' and 'non-verifiable' CPD under the ACCA framework?
- Verifiable CPD is free; non-verifiable is paid
- Verifiable CPD can be evidenced with documentation; non-verifiable cannot (Correct answer)
- Verifiable CPD counts double toward the annual target
- Non-verifiable CPD is only for senior members
Correct answer: Verifiable CPD can be evidenced with documentation; non-verifiable cannot
Verifiable CPD has supporting evidence (certificates, attendance records), while non-verifiable CPD is self-assessed without third-party documentation.
Question 3: Which of the following is an example of verifiable CPD for an FCCA member?
- Reading a financial newspaper at home
- Attending an ACCA-approved webinar with a certificate of attendance (Correct answer)
- Discussing accounting issues with a colleague informally
- Reviewing internal company policies
Correct answer: Attending an ACCA-approved webinar with a certificate of attendance
An ACCA-approved webinar that issues a certificate of attendance qualifies as verifiable CPD because it can be documented.
Question 4: ACCA's CPD requirement is best described as which type of model?
- Input-based model only
- Output-based model
- Hybrid input and output-based model (Correct answer)
- Qualification-based model
Correct answer: Hybrid input and output-based model
ACCA uses a unit-based (input) model where members record hours, but it incorporates an output element by requiring members to reflect on learning outcomes.
Question 5: An FCCA member who fails to meet their annual CPD requirement may face which consequence?
- Automatic downgrade to ACCA membership
- Disciplinary action and potential removal from the register (Correct answer)
- A financial fine only, with no other consequences
- Loss of CPD credit for the next year
Correct answer: Disciplinary action and potential removal from the register
Non-compliance with CPD requirements can result in disciplinary action by ACCA, up to and including removal from the membership register.
Question 6: Which of the following CPD activities would be most relevant for an FCCA specializing in US corporate taxation?
- A seminar on UK GAAP updates
- A course on the latest IRS regulatory changes (Correct answer)
- A workshop on EU VAT compliance
- A lecture on Australian Accounting Standards
Correct answer: A course on the latest IRS regulatory changes
For a US-focused FCCA in corporate taxation, IRS regulatory updates directly enhance professional competence in their area of practice.
FCCA FCCA Continuing Professional Development 1
Under ACCA's CPD framework, how many CPD units must an ACCA/FCCA member complete each rolling year?