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Updated on 20th February, 2024 , 6 min read
The full form of ACCA is the Association of Chartered Certified Accountants. The global organisation known as ACCA, offers students a "Certified Chartered Accountant" qualification. Some of the subjects available in ACCA are: Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Taxation, Performance Management, Financial Reporting, Audit and Assurance, Financial Management, Strategic Business Leader, Strategic Business Reporting, Advanced, Financial Management, Advanced Performance Management, Advanced Taxation, Advanced Audit, and Assurance.
ACCA Subjects:
The subjects of ACCA are in the form of 14 exams which form the entire ACCA syllabus. There are nine exams at the Basic level (F1 – F9). Candidates must pass 5 ACCA exams at the professional level to acquire the ACCA certification. This covers the three mandatory papers P1, P2, and P3, followed by two of the four optional papers P4, P5, P6, and P7.
There are four paper exam sessions each year, and certain papers are additionally made available for computer-based exams on demand. Moreover, candidates can be exempt from taking up some ACCA exams based on their prior qualifications such as Chartered Accountancy (CA), Company Secretary (CS), BCom, etc.
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Given below is the list of the subjects of ACCA, which students will be required to complete to acquire the ACCA Global certification.
Fundamental Level | Skills Level | Strategic Professionals Level |
Business and Technology (BT) | Corporate and Business Law (LW) | Strategic Business Leader (SBL) |
Management Accounting (MA) | Performance Management (PM) | Strategic Business Reporting (SBR) |
Financial Accounting (FA) | Taxation (TX) | Advanced Financial Management (AFM) |
- | Financial Reporting (FR) | Advanced Performance Management (APM) |
- | Audit and Assurance (AA) | Advanced Taxation (ATX) |
- | Financial Management (FM) | Advanced Audit and Assurance (AAA) |
The subjects for ACCA cover a total of various verticals of finance, accounting, taxation, and business-related aspects. The ACCA syllabus consists of a total of 13 exams that students must complete in a duration of 5 years. The syllabus for ACCA is divided into three sections beginning with the fundamental skills level and lastly the professional level. At this level, ACCA subjects include topics such as Business technology, financial accounting, performance management, financial reporting, audit and assurance, strategic business leader, strategic business reporting, etc.
In this section, we have mentioned the details of the ACCA course subjects to give you a glimpse of each subject and the topics covered.
The ACCA subjects are divided into three levels, which are discussed below:
The foundational level consists of nine ACCA subjects. The ACCA exams at the fundamental level are numbered from F1 through F9. To qualify for the ACCA Certification, students who lack a qualifying undergraduate degree or relevant professional qualification (such as a CA) must successfully complete all 9 courses in this category. Those who qualify as CA, CS, or any other professional undergraduate degree can be exempt from certain exams.
Know More: CA Salary in India
This ACCA subject will help you comprehend the modern business environment and its impact on the functioning of accountants and organizations by providing a detailed introduction to the principles of efficient management. The position of the accountant within this framework is also clarified, and it is shown how they can help an organization become effective and moral.
ACCA subjects covered in Paper F1 are:
To support management decision-making processes through a variety of activities, this subject of ACCA will show you how to compile and process basic quantitative information.
ACCA subjects covered in Paper F2 are:
This subject will help you gain technical competency in double-entry accounting processes, including the creation and analysis of fundamental financial statements, as well as knowledge of the underlying ideas, fundamental rules, and laws of financial accounting.
ACCA subjects covered in Paper F3 are:
The modules or papers for applied skills build on the knowledge that was learned during the knowledge level. It teaches the strong, broad, and practical finance abilities necessary to work as a professional accountant in any sector or company, as well as an awareness of applications.
There are six subjects in ACCA under the Skills level, which are:
This ACCA subject improves your comprehension of the larger legal system. It introduces business-related legal concerns and identifies circumstances that call for specialized legal counsel.
ACCA subjects covered in Paper F4 are:
The major goal of performance management subjects is to help you hone your management accounting techniques. You will learn how to use this information to plan, make decisions, and evaluate performance using both quantitative and qualitative data.
ACCA subjects covered in Paper F5 are:
This ACCA subject helps you learn more about the business taxation system and how it affects people, firms, and groups of businesses.
ACCA subjects covered in Paper F6 are:
The Financial Reporting subjects of ACCA are all about accounting principles and financial reporting. It will facilitate you to examine theoretical concepts behind financial statement preparation, with an emphasis on the analysis and interpretation of financial statements.
ACCA subjects covered in Paper F7 are:
The financial management subjects of ACCA comprise the management techniques of finances of the organization.
ACCA subjects covered in Paper F8 are:
The information and skills that financial managers utilize to make decisions regarding finance, investments, and dividend policy are introduced in this ACCA subject.
Topics covered in Paper F9 ACCA subjects are:
The strategic business leader deals with the role and purpose of governance in organizational management. It further covers topics like the role of the accountant in risk assessment, an ethical framework for using professional judgment and values, etc.
In this ACCA subject, candidates practice and learn about the duties of an accountant in terms of professionalism and ethics, the financial reporting framework, and financial statement preparation for group entities. Also, they examine potential difficulties with financial reporting. implications of accounting regulation modifications, a review of recent happenings, and more.
Electives (choose any 2 from the following 4)
AFM paper will give the candidates a theoretical understanding necessary for senior financial advisers and executives, as well as in-depth knowledge of the financial industry.
Topics covered in Paper P4 ACCA subjects are:
APM focuses on the effective measurement of performance and strategic development of international organizations, taking into account economic as well as external aspects, by using sophisticated management accounting methodologies.
Topics covered in Paper P5 ACCA subjects are:
In this ACCA subject, candidates will learn about the information required to provide knowledgeable guidance on how extensive taxes affect monetary choices.
Topics covered in Paper P6 ACCA subjects are:
A Chartered accountant has the option to exempt 9 ACCA exams (F1 to F9) out of 13 exams. That said, CA professionals can directly aim for professional-level ACCA subjects, which are listed below:
By passing 4 ACCA exams, 2 compulsory subjects, and 2 elective subjects in ACCA, CA experts can acquire ACCA certification from the organization.
Experience is necessary to become a self-assured, motivating, and trustworthy professional. Thus to become an ACCA member, you must finish at least 36 months of relevant work experience and meet 9 performance goals.
A supervisor of your practical experience must approve your time in a pertinent job and your performance goals. The requirement for practical experience enables you to apply the knowledge you've learned in the classroom to actual workplace situations.
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By - Chetna Verma 2024-02-20 12:27:23 , 6 min readThe ACCA syllabus consists of a total of 14 exams. There are nine exams at the Basic level (F1 – F9). Candidates must complete a total of 5 exams from the professional level, 3 mandatory subjects P1, P2, P3, and two from elective ACCA subjects which are P4, P5, P6, and P7 to acquire ACCA certification.
There are 13 ACCA subjects, which are given in the form of exams. These subjects in ACCA are divided into three levels, namely Fundamental, Skills, and Strategic Professional Level.
ACCA subjects list include topics like Business technology, financial accounting, performance management, financial reporting, audit and assurance, strategic business leader, strategic business reporting, etc.
Paper F1 (Business and Technology or BT) from fundamental level is the easiest ACCA subject and P7 (Advanced Audit and Assurance or AAA) is toughest subject in ACCA.
It is compulsory to have maths in 12th or graduation to be eligible to apply for the ACCA global certification.
ACCA level 1 subjects include topics such as Business and Technology (BT), Management Accounting, and Financial Accounting.
CA qualified candidates get ACCA exemptions for foundational and skill level courses, which include F1 – Business and Technology (BT), F2 – Management Accounting (MA), F3 – Financial Accounting (FA), F4 – Corporate and Business Law (LW), F5 – Performance Management (PM), F6 – Taxation (TX), and F7 – Financial Reporting (FR).
You can visit the official website, namely ACCA Global to download the syllabus for ACCA course.
ACCA papers list constitutes of three levels which are Fundamental, Skills, and Strategic Professional Level. Each level covers a few exams, which students must clear to become ACCA certified.