ACCA: Overview

What is ACCA? ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

In order to qualify as an ACCA member, any individual registering on the ACCA Qualification will need to complete: 14 exams (nine of which are eligible for exemption) relevant practical experience, with a minimum of three years.

  • Flexibility: The ACCA training are conducted over weekends, the students can pursue the course along with their job/studies.
  • Variable Duration: 6 Months to 2 Years
  • Examinations are held 4 times in a year i.e. March, June, September & December. However, the papers from F1 to F4 can be taken online around the year at ACCA’s Authorized Computer Based Exam centres.
  • Most exams are of a 2 to 3 hours duration based on the paper and the subject.
  • Most exams have a mix of multiple choice questions and MTQs (Multi-Task Questions), which are a bit like cases.

ACCA Course Syllabus

Knowledge Module

Paper F1, Accountant in Business 

To develop knowledge and understanding of the business environment and the influence this has on how organisations and accountants operate, and of the role of the accountant and other key business functions in contributing to an efficient, effective and ethical organisation, and to build knowledge and understanding of the basic principles of effective management.

Paper F2, Management Accounting

To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

Paper F3, Financial Accounting

To develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques, including the preparation of basic financial statements.

Skills Module

Paper F4, Corporate and Business Law

To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.

Paper F5, Performance Management 

To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control.

Paper F6, Taxation 

To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

Paper F7, Financial Reporting 

To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements.

 

Paper F8, Audit and Assurance 

To develop knowledge and skills in the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

Paper F9, Financial Management 

To develop knowledge and skills expected of a financial manager – relating to issues affecting investment, financing, and dividend policy decisions.

Professional Level (5 papers)

Paper P1, Governance, Risk & Ethics

To apply relevant knowledge, skills, and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance, and the management of risk within an organisation – in the context of an overall ethical framework.

Paper P2, Corporate Reporting 

To apply knowledge, skills, and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.

Paper P3, Business Analysis 

To apply relevant knowledge, skills, and exercise professional judgement in assessing strategic position, determining strategic choice, and implementing strategic action through business process and structural change, coordinating knowledge systems and information technology, and by managing quality processes, projects, and people.

Options Module (2 papers only)

Paper P4, Advanced Financial Management 

To apply relevant knowledge, skills, and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation.

Paper P5, Advanced Performance Management 

To apply relevant knowledge, skills, and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

Paper P6, Advanced Taxation 

To apply relevant knowledge, skills, and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

Paper P7, Advanced Audit and Assurance 

To apply relevant knowledge, skills, and exercise professional judgement in analysing, evaluating, concluding and reporting on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

 

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