FCCA Continuing Professional Development Flashcards

Under ACCA's CPD framework, how many CPD units must an ACCA/FCCA member complete each rolling year?

Answer: 40 units

ACCA requires members to complete a minimum of 40 CPD units per year, with at least 21 verifiable units.

What is the difference between 'verifiable' and 'non-verifiable' CPD under the ACCA framework?

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.

Which of the following is an example of verifiable CPD for an FCCA member?

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.

ACCA's CPD requirement is best described as which type of model?

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.

An FCCA member who fails to meet their annual CPD requirement may face which consequence?

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.

Which of the following CPD activities would be most relevant for an FCCA specializing in US corporate taxation?

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.