Financial Reporting (Cert IFR), offered both in English and Spanish. Diploma in International Financial Reporting (DipIFR), offered both in English and Russian. Certificate in International Auditing (Cert IA), offered both in English and Spanish. Certificate in International Public Sector Accounting Standards (Cert IPSAS), offered both in English and Arabic. Certificate in Business Valuations in partnership with the French Chartered Accountants Institute (CSOEC), offered both in English and French. Diploma in Financial Management (DipFM). This certification was previously known as the Certified Diploma in Accounting and Finance (CDipAF), a financial qualification designed for managers outside of finance. This qualification was replaced with Foundations in Accountancy awards at the end of 2011. Disciplinary proceedings ACCA students, affiliates and members are bound by ACCA rules and regulations. ACCA is able to take disciplinary action (such as revoking ACCA qualification or exacting a fine) against them if they breach ACCA rules. ACCA rules and regulations are governed by English and Welsh law and ACCA disciplinary decisions can only be challenged in England and Wales. ACCA-X online courses Launched in early 2015, ACCA-X are online courses for students starting their studies in accountancy and business. These courses are available for the first seven Foundations level exams and hosted on edX, with content developed by Epigeum. In April 2016, ACCA-X won the Best eLearning and Online Education Award at the International and European Association Awards held in Berlin, Germany. Free courses The following courses are free and available to anyone in the world: Introduction to Financial and Management Accounting (preparation for FA1 and MA1) Intermediate Financial and Management Accounting (preparation for FA2 and MA2) Paid courses These courses are available in all but three countries: Business and Technology (preparation for BT/FBT) Management Accounting (preparation for MA/FMA) Financial Management (preparation for FA/FFA) Exams passed in these three modules and the completion of 'Foundations in Professionalism' module will lead to the Diploma in Accounting and Business. Memberships Affiliate Candidates register as student members to undertake the professional qualification. Upon successful completion of the examinations, student members transfer to Affiliate status. "For ACCA affiliates to gain admission to full membership, they must demonstrate, on the application form, that they have obtained a minimum of three years of acceptable, supervised, practical experience in an accountancy role (or roles) and have reached the required standard of competence." Fellowship From 2008, Fellowship, or senior membership of ACCA, is awarded automatically based on