If you are wondering, “What is ACCA?” you have come to the right place. Read on to learn more about ACCA’s Foundation-level qualifications, ACCA exams and syllabus, and eligibility criteria. You will be able to confidently tackle the ACCA exams with confidence and know what to expect.
ACCA exams
ACCA exams are a series of tests taken in the field of accountancy. The syllabus covers financial accounting and business management. In addition, students are also introduced to taxation and corporate and business laws. ACCA exams are taken four times a year: in March, June, September, and December. The ACCA exams require candidates to obtain a minimum score of 50% in each paper. ACCA exams can be taken online or in classrooms.
The fees for the ACCA exams are very affordable. The exams are separated into Essentials and Options. ACCA membership is required to take the exams. The fee for this membership is PS135 per year. The exam fee can be reduced depending on the circumstances. The fee for ACCA exams can be paid online or by credit card.
The ACCA exam consists of 14 written papers and relevant business experience. Candidates normally take two to three years to complete the ACCA qualification. Examinations are held twice a year, in June and December. The exam requirements vary by country. In most cases, the ACCA examinations consist of two parts. The first part is called the Fundamentals, and contains six papers.
The ACCA exam is available for MA, FA1, and BT. The ACCA website has an updated syllabus that details changes to the syllabus. The FA1, MA1, and BT exams are computer-based. ACCA also offers an online test booking system for each exam. The exams are available at over 500 testing centres around the world.
As an ACCA exam is computer-based, you’ll need to have some familiarity with the system. It’s easy to fail an exam due to unfamiliarity with the system. Fortunately, ACCA’s website contains free resources to help you prepare.
ACCA syllabus
The ACCA syllabus is made up of 14 papers. Nine of the papers are on the Fundamental level, while five are on the Professional level. The Professional level papers are mainly compulsory, and there are also optional papers. These exams are held four times a year. Some of the papers are also offered as computer-based versions on demand.
The ACCA syllabus was designed after a thorough consultation with leading stakeholders. It places greater emphasis on strategic financial analysis, risk assessment, and corporate strategy, while retaining the essential technical knowledge. For example, if you want to become an ACCA expert, you will need at least 36 months of work experience.
ACCA is a professional qualification that is recognized in 180 countries around the world. The subjects covered in the ACCA syllabus are Business Accounting, Management Accounting, Taxation, Financial Reporting, and Corporate and Business Law. You can even pursue a master’s degree in Professional Accountancy after passing the ACCA exam.
The ACCA syllabus is written by the Association of Chartered Certified Accountants. It includes topics for four groups and three levels, as well as individual performance, governance, and taxation. You can download the ACCA syllabus paper to get a better idea of what to expect on the ACCA exam.
The ACCA syllabus aims to develop your professional skills and knowledge to become a Chartered Accountant. You will also gain a global credential that will enable you to get a job in the accounts industry. To complete the ACCA qualification, you must have a minimum qualification of 10+2 and 50% in other subjects.
ACCA eligibility criteria
If you have a relevant postgraduate degree, you can apply to become a member of the ACCA. MBA students are also eligible to apply, as long as they are at least 21 years of age. Students can also opt for the Mature Entry Route, where they can take the exam without any prerequisites. In addition, there are exemptions available for students with relevant qualifications. These exemptions are granted for nine fundamental level papers, including the ACCA Knowledge and ACCA Skill level exams.
To become an ACCA member, you need to have professional and ethical skills and at least three years’ work experience. In addition, you must have passed the Ethical and Professional Skills Module. This module helps you develop skills needed by employers. The ACCA membership process generally takes four to five years to complete.
Those who meet the ACCA eligibility criteria may work in a variety of sectors. These professionals can even pursue additional professional courses at foreign universities. Whether you want to work in the private or public sector, becoming an ACCA member can be the perfect opportunity for you. In addition to career progression, the ACCA qualification provides strategic leadership capabilities that will allow you to succeed in your career.
The ACCA course syllabus is similar to that of a chartered accountancy course. It covers topics such as accounting, taxation, auditing, business finance, and financial management. ACCA exams are divided into three levels. The Applied Knowledge and Applied Skills exams can be taken anytime of the year, while the Professional Level exams are scheduled at specific times.
ACCA exam pattern
The ACCA exam pattern varies according to the level you are studying for. The basic level will take about two to three months to prepare for, and the expert level will take about four months. It is important to make sure that you can dedicate enough time for the preparation. You must also know what to expect on the exam day.
The ACCA exam is broken down into two main sections, the first of which contains a fifty-mark question on consolidated financial statements. The second section consists of three questions, one of which will be a case study. The third question is a short answer with a computational element. The final section is comprised of four subjects. This is considered to be the toughest level of the ACCA.
ACCA students should ensure that they create an efficient learning schedule. This will enable them to monitor their progress, and postpone study days in accordance with the date of the exam. Creating a plan that will help them stay focused will also help them avoid unnecessary stress. It is also essential to have a good understanding of the subject matter.
In addition to the syllabus, candidates should be prepared to answer multiple-choice questions based on scenarios. They should also study past question papers in order to better understand the pattern of the ACCA test. Reading through the question papers can improve their time management skills, increase their focus on concepts, and develop their stress resistance.
The ACCA exam pattern is divided into two sections. Section A has twenty multiple-choice questions, each worth two marks. The second section will have two fifteen-mark questions and one thirty-mark question based on the preparation of financial statements for one or more entities.
