ACCA PROFESSIONAL QUALIFICATION - NEW STRUCTURE FROM 2018 SEPTEMBER EXAMS

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(Source: ACCA global website)

The ACCA exams are divided into THREE levels; Applied Knowledge, Applied Skills and Strategic Professional.

 

Applied Knowledge level:                                                                                       

- Accountant in Business (Previously F1)

- Management Accounting (Previously F2)

- Financial Accounting (Previously F3)

 

Applied Skills level:  

- Corporate and Business Law (Previously F4)

- Performance Management (Previously F5)

- Taxation (Previously F6)

- Financial Reporting (Previously F7)

- Audit and Assurance (Previously F8)

- Financial Management (Previously F9)                        

OPTIONAL - BSc Hons in Applied Accountancy degree from Oxford Brookes University UK on submission of Research report.

MANDATORY - Ethics and Professional Skills Module to be completed before moving to Strategic Professional level.

Strategic Professional level:

Essentials     

- Strategic Business Reporting SBR (Previously P2)

- Strategic Business Leader SBL (Previously P1 and P3)     

Options (two to be completed)                                       

- Advanced Financial Management (Previously P4)        

- Advanced Performance Management (Previously P5)

- Advanced Taxation (Previously P6)

- Advanced Audit and Assurance (Previously P7)

OPTIONAL - MSc in Professional Accountancy from University of London UK

Entry requirements - can be started after 12th (HSC),

 

Work experience - Three years, before, during or after exams,

 

Number of exams - Up to 13, depending on exemptions,

 

How long does it take? - Three years on average.

 

What else is involved? - A professional ethics module.

Exemptions: (Subject to change and at the sole discretion of ACCA)

- Bcom from recognised university (exemption in first 4 papers)

 

- CA IPCC (exemption in 6 papers - First four, Tax and Audit)

 

- Fully qualified CA India member and ICWA member (exemption in first 9 papers of Applied level)

Source: ACCA Global Website

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