ACCA - The global body for professional accountants

Experience is one of the three main components of the ACCA qualification. The other two components are exams and ethics. ACCA members must demonstrate their competence in ten broad competency areas, appropriate for the Complete Finance Professional. To demonstrate their competence, students must complete nine performance objectives which must be verified by an IFAC qualified practical experience supervisor. All five Essentials performance objectives must all be completed plus a further four Technical performance objectives from a choice of 15.

The demonstration of the achievement of these objectives are recorded using an online tool called MyExperience.


PO1 Professionalism and ethics

The fundamental principles of ethical behaviour mean you should always act in the wider public interest. You need to take into account all relevant information and use professional judgement, your personal values and scepticism to evaluate data and make decisions. You should identify right from wrong and escalate anything of concern. You also need to make sure that your skills, knowledge and behaviour are up-to-date and allow you to be effective in your role.

PO17 Tax planning and advice

You advise on mitigating and deferring tax liabilities through legitimate tax planning measures.

PO18 Prepare for and plan the audit process

You plan and control the engagement process, including the initial investigation. You also plan and monitor the audit programme – legally and ethically.