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Are you looking for a career in accounting, tax consulting, auditing, treasury management, or business valuations? Then, ACCA must be a good choice! However, if you aren't sure about what ACCA is, this blog will help you get a good idea of all you need to start with ACCA.
ACCA, or Association of Chartered Certified Accountants, is a globally recognised accounting body that provides students with a 'Certified Chartered Accountant certification.
ACCA qualification is essential because it can make you eligible to work as an accountant globally. With ACCA certification, you can boost your career as an accountant and become a Finance Consultant, Finance Manager, Head of Finance & accounts or Financial Controller. The ACCA qualification is a prestigious qualification. There are many reasons for choosing it. An ACCA certification will undoubtedly offer you many opportunities, whether you are a student or a professional looking to build a career in finance.
ACCA Exam Details, Syllabus, Exam Pattern and more
ACCA Exam is a globally recognised certification body to qualify you as an ACCA member. To become an ACCA member, you must pass multiple exams. The ACCA qualification is globally recognised, and many countries consider it equivalent to their local accounting studies.The ACCA certification exam covers all aspects of business management. In addition, it covers theoretical aspects such as motivational theory and more technical aspects, such as bookkeeping and cost accounting.
You are also required to take a series of written tests to show a deep understanding of the accounting industry. The 14 papers cover various topics, such as business ethics and law, to the technical topics like auditing and financial reporting. These papers are further divided into four main areas: knowledge, essentials, skills, and choices.
The ACCA syllabus comprises 13 papers, which are divided into four modules
ACCA Levels are divided into two, which are further divided into four modules:.
| Module No. | ACCA Levels | ACCA Exam Module | Number of Exams |
| 1 |
ACCA Fundamental Level
|
Applied Knowledge | 3 Exams |
| 2 | Applied Skills | 6 Exams | |
| 3 |
ACCA Professional Level
|
Strategic Professional Essentials | 2 Exams |
| 4 | Strategic Professional Options | 2 Exams (from a choice of 4) |
Now, let’s analyse these modules in detail. These modules are also the various ACCA Exam levels a professional can achieve. The 13 subjects and exams of ACCA are divided into three levels: Applied Knowledge, Applied Skills & Strategic Professional.
Now let's deep dive into each of the ACCA levels.
To become a qualified accountant, you need to start with the Applied Knowledge module. The first module includes papers BT (F1) through to FA (F3). After passing these papers, you will progress onto the ACCA Applied Skills module.
The subjects under the applied knowledge module covers:
Students are awarded the ACCA Diploma in Accounting and Business (RQF Level 4) when they have successfully completed the Business and Technology (BT), Management Accounting (MA) and Financial Accounting (FA) exams (at least one of which must have been sat and passed), plus completion of Foundations in Professionalism.
Applied skills module covers topics from LW (F4) to FM (F9). In this module, you will develop your understanding of principal technical subjects, including: performance management, law, taxation, auditing and financial management, as well as financial reporting. By the time you have completed these papers, you will have gained knowledge equating to a bachelor’s degree level.
Students are awarded the Advanced Diploma in Accounting and Business when they have successfully completed (either passed or exempt) the Applied Skills exams. At least two of these papers must have been sat and passed.
The Essentials module will equip you with the skills and knowledge needed to become an expert accountant in either a consultancy or a high-level advisory role. The two ACCA papers that make up this module are assessed through two paper-based exams, both lasting a duration of three-hours.
When you progress onto the Strategic Professional module, you will need to pick two courses from the following four. The aim of the module is to help you develop advanced technical skills and expert knowledge in areas such as taxation and audit, whilst learning about the professional code of ethics followed by any accountant.
Students are awarded a Strategic Professional Certificate when they have successfully completed all the Strategic Professional exams for the ACCA Qualification. These are the two Strategic Professional Essentials exams and any two of the Strategic Professional Options exams.
fter clearing the 13 exams (exceptions are present), the candidate must record 36 months of relevant experience. They should also complete the Ethics and Professional Skills Module, which helps develop a complete range of skills that are demanded by employers.
The ACCA Exam Pattern has two parts: Computer-based and Paper-based, including multiple-choice questions (MCQs) and Scenario-based questions.The ACCA exam pattern and structure are given as below:
| Exam Pattern for Computer-based Papers (ACCA Papers from F1-F9 are all computer-based exams) |
|
| Papers F1, F2, F3 and F4 involve questions |
|
| Papers from F5 to F9 contain |
|
| Exam Pattern for Paper-based (P1 - P6 are paper-based exams) |
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| The ACCA SBL paper consists of a single question of 100 marks, which gets subdivided into various questions of varied marks. |
|
You may have seen the ACCA Exam structure. But, here are 7 things you should know about ACCA Exam Structure and Pattern.
The ACCA Exams are held in March, June, September, and December of each year.
In six months, a person can take four or eight exams per year, which require a total of thirteen exams to qualify.
You may have a reason to choose ACCA Career. But, there are plenty of reasons to choose ACCA certification for your career development. Learn them now.
Once you are ACCA qualified, your doors to a flourishing accounting career are open. You can access the network of other accounting professionals. These professionals provide support and advice in your study and career. While the forums and resources help you grow your career better. An ACCA certificate can be an essential asset to your CV, which will help you stay competitive and stand out among other non-certified and experienced candidates.
ACCA certification shows your employer that you are competent in all aspects of your business. It is the largest and fastest-growing qualification globally, with over 500,000 members and students in 170 countries and territories. Recognized by the European Union and the United Nations, this certificate will help you travel and work worldwide.
You can also use ACCA certificates to study other subjects. Many institutions that provide ACCA can be combined with a bachelor's or master's degree in a similar discipline to obtain a dual qualification at the end of the study. As you know, the exams are complicated, but it takes ten years to pass all the exams. Most people can pass within three years. With the right mentor and focus, you can do it faster.
The scope and opportunities for ACCA professionals are vast and you will be more excited to know the salary an ACCA certification offers.
Studying ACCA, you can promote your career development in all aspects. Open the door to the most exciting and best roles in the world. You can become a financial expert to respond to the rapidly changing needs of the world. It is a rewarding and intense journey, and we will support you at every stage of your career.
Employers are always looking for ACCA-certified professionals because they have a qualitative understanding of practical, technical, and analytical skills. In fact, due to the high demand, employers in many industries, such as banking, auditing, retail, insurance, and IT, offer profitable packages. ACCA accreditation is probably one of the most trusted options for students and professionals interested in pursuing a career in the financial sector. ACCA is the perfect short course if you want to make a difference in your CV.
