How do acca exams work?
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. At present, it has over 2,00,000 members and 486,000 students across more than 180 countries. With an ACCA qualification, an individual can work as an accountant, financial consultant, management consultant, financial planner etc. ACCA opportunities in India have widely grown, especially with the growing network of Big 4 companies and MNCs in the country.
Headquartered in London, ACCA has a network of over 100 offices and centres with more than 7,300 approved employers worldwide who provide employee development. Students can pursue this course alongside their graduation since ACCA’s flexible examination schedule makes this qualification more attractive.
ACCA SYLLABUS AND EXAMS
The overall course structure of ACCA is divided into three significant levels and modules with different examination patterns at each Level. Each level consists of several ACCA exam papers. However, currently, there are 13 exams in total for the .
- The Applied Knowledge level - Three examinations consisting of:
- BT – Business and Technology
- MA – Management Accounting
- FA – Financial Accounting
Students are awarded the ACCA Diploma in Accounting and Business when they have successfully completed the Accountant in Business (AB), 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.
- The Applied Skills level - Six examinations consisting of:
- LW- Corporate and Business Law
- PM – Performance Management
- TX – Taxation
- FR – Financial Reporting
- AA – Audit and Assurance
- FM – Financial Management
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 Strategic Professional level - Six examinations consisting of:
- Two compulsory papers:
- SBL – Strategic Business Leader
- SBR- Strategic Business Reporting
- Four optional papers, of which two must be selected:
- AFM – Advanced Financial Management
- APM – Advanced Performance Management
- ATX – Advanced Taxation
- AAA – Advanced Audit and Assurance
Students are awarded a Strategic Professional Certificate when they have successfully completed all the Strategic Professional exams of the ACCA Qualification. These are the two Strategic Professional Essentials exams and any two of the Strategic Professional Options exams.
Find more information on - https://www.accaglobal.com/uk/en/student/exam-entry-and-administration.html
ACCA EXEMPTIONS
ACCA offers certain exemptions for the ACCA Exams based on an individual’s prior learning and qualification. Below are the course based on your prior qualification:
|
Qualification |
Papers Exempt |
|
B.com |
F1 to F4 |
|
B.com + CA IPCC |
F1 to F4, TX & AA |
|
CA |
F1 to F9 |
Since nothing good comes for free, you have to pay an exemption charge for each ACCA exam that you exempt.
To know more regarding Eligibility and Exemptions based on your current qualification, please visit https://www.accaglobal.com/gb/en/help/exemptions-calculator.html
The ACCA EXAMINATION PATTERN
|
Subject |
Exam Duration |
Exam Pattern |
|
Accountant In Business (AB) |
2 Hrs On-Demand CBE |
This paper is divided into two sections. Section A consists of 35 objective type questions of 2 marks each. Section B contains three multi-task questions of 10 marks each. |
|
Management Accounting (MA) |
2 Hrs On-Demand CBE |
This paper is divided into two sections. Section A consists of 35 objective type questions of 2 marks each. Section B contains three multi-task questions of 10 marks each. |
|
Financial Accounting (FA) |
2 Hrs On-Demand CBE |
This paper is again divided into two sections. Section A consists of 35 objective questions of 2 marks each, and Section B consists of 2 questions of 15 marks each. |
|
Corporate and Business Law (LW) |
2 Hrs On-Demand CBE |
This paper is divided into two sections. Section A consists of 25 objective type questions of 2 marks each and 20 questions of 1 mark each. Section B contains five multi-task questions of 6 marks each. |
|
Performance Management (PM) |
3 Hrs Session CBE |
This paper is again divided into two sections. Section A consists of 30 objective questions of 2 marks each, and Section B consists of 2 constructed-response workspace questions of 20 marks each. |
|
Taxation (TX) |
3 Hrs Session CBE |
This paper is again divided into two sections. Section A consists of 30 objective questions of 2 marks each, and Section B consists of 2 constructed-response workspace questions of 20 marks each. |
|
Financial Reporting (FR) |
3 Hrs Session CBE |
This paper is again divided into two sections. Section A consists of 30 objective questions of 2 marks each, and Section B consists of 2 constructed-response workspace questions of 20 marks each. |
|
Audit and Assurance (AA) |
3 Hrs Session CBE |
This paper is divided into two sections. Section A consists of 15 objective questions of 2 marks each, and Section B consists of two 20 marks and one 30 marks constructed response workspace question. |
|
Financial Management (FM) |
3 Hrs Session CBE |
This paper is divided into two sections. Section A consists of 30 objective questions of 2 marks each, and Section B consists of 2 constructed-response workspace questions of 20 marks each. |
|
Advanced Financial Management (Optional) |
3 Hrs Session CBE |
It is a subjective paper with only 1 section consisting of two 25 marks questions and one 50 marks question. |
|
Advanced Performance Management (Optional) |
3 Hrs Session CBE |
It is a subjective paper with only 1 section consisting of two 25 marks questions and one 50 marks question. |
|
Advanced Taxation (Optional) |
3 Hrs Session CBE |
It is a subjective paper with only 1 section consisting of two 25 marks questions and one 50 marks question. |
|
Advanced Audit and Taxation (Optional) |
3 Hrs Session CBE |
It is a subjective paper with only 1 section consisting of two 25 marks questions and one 50 marks question. |
|
Strategic Business Leader (SBL)- Compulsory |
3 Hrs Session CBE |
It is a subjective paper with only 1 section comprising one 80 question 20 marks for professional skills. |
|
Strategic Business Reporting (SBR)- Compulsory |
3 Hrs Session CBE |
It is a subjective paper with only 1 section consisting of two 25 marks questions and one 50 marks question. |
On-demand CBE - These exams can be taken at any time during the year.
Session CBE - These exams are held in four exam sessions: March, June, September and December. (* due to covid-19 all the exams are being conducted through remote invigilation)
HOW DOES REMOTE INVIGILATION WORK?
It uses technology to allow students to take exams online sitting at home, or place of their choice (office or any other quiet place).
Just like centre exams, students will be given a start time and they will have to complete the exam in the allocated time under exam conditions. Also, ACCA allows flexibility of choosing the exam start time as per their choice.
The remote exams will be invigilated by a real person (proctor) via webcam. Once the exam has started, the invigilator will continue to monitor the student for the duration of the exam. They will also be able to assist you with any technical issues that you face. The process will also involve systems to check biometrics, artificial intelligence (AI) as well as recording to ensure integrity.
Students will need the necessary technology, equipment and exam environment to sit these exams. For more information about remote invigilation, please visit https://www.accaglobal.com/gb/en/student/exam-entry-and-administration/computer-based-exams/remote-session-exams.html
For more FAQs on remotely invigilated exams, please visit https://www.accaglobal.com/gb/en/help/remote.html
HOW WILL VG LEARNING DESTINATION SUPPORT?
VG Learning Destination (Gold ALP) has always been a pioneer in providing maximum support to its students.
They offer maximum support to the students in terms of familiarising them with the exam concept and also providing a series of insightful webinars from ACCA.
The faculties from Grant Thornton India LLP focus on the tips on how to pass the exams and what the examiner is looking for – as well as exam technique for remotely invigilated computer based exams.
There has been no doubt that ACCA has been able to show us how to lead the front by taking the latest step in exam delivery and innovation showcases their commitment to continue shaping the future and thinking ahead in challenging times. ACCA keeps students at the heart of everything they do and this move would enable them to continue their ACCA journey ahead.
By including the latest invigilation technology, ACCA has tried to maintain the same level of security and integrity all around the world, whether students are at home, exam centre, workplace and any other remote place.
Success is waiting for you!! What are you waiting for?? Start your ACCA journey and get ready to emerge as a winner!!