FCCA Continuing Professional Development Flashcards

How often must ACCA members submit a CPD declaration?

Answer: Annually

ACCA members must complete and submit a CPD declaration annually, confirming compliance with the year's requirements.

Under ACCA CPD rules, what is the minimum number of verifiable units required per year?

Answer: 21 units

Of the 40 total CPD units required, at least 21 must be verifiable, meaning they can be evidenced with documentation.

Which of the following best describes the purpose of CPD for FCCA members?

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.

An FCCA member works as a CFO at a US corporation. Which CPD topic would best support their current role?

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.

Can online learning count toward ACCA's verifiable CPD requirement?

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.

An ACCA member selected for a CPD monitoring exercise must provide which type of evidence?

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.