ACCA QUALIFICATION
Papers must be taken in line with the following module order, however you can attempt the papers within each module in any order:
Knowledge Modules (F1-F3) – available by computer-based exam (CBE) or paper-based format
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
Skills Modules (F4-F9) – available by paper-based format
F4 Corporate and Business Law
F5 Performance Management
F6 Taxation
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management
Professional Level Essentials (P1-P3) – available by paper-based format
P1 Professional Accountant
P2 Corporate Reporting
P3 Business Analysis
Professional Level Options (P4-P7) – available by paper-based format
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit and Assurance
Student & Mature Student Entry Route fees
Initial Registration £69
Subscription £69
Duplicate card £11
Re-registration fee £69
in addition to any amounts unpaid at the time of resignation/removal.
Exam/Exemption Fees
Knowledge £55
Skills £69
Professional £81
ACADEMIC CALENDAR ACCA 2011
Semester 1 2
Period January – June 2011 July – December 2011
Start Date January 10th JULY 17th
End Date JUNE WEEK 2 DECEMBER WEEK 2
Exam Date JUNE WEEK 1/2 DECEMBER WEEK 1/2
Exam Entry Closing Date 15 April 15 October
Exemption deadlines 31 January – for June exams
31 July – for December exams
Registration deadlines 31 December – for June exams 15 August – for December exams
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
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
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
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.
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.
F6 Taxation
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies
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
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.
F9 Financial Management
To develop knowledge and skills expected of a financial manager - relating to issues affecting investment, financing, and dividend policy decisions.
P1 Professional Accountant
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
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.
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.
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 organization
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.
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.
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.
BSc (Hons) in Applied Accounting
There are numerous benefits to completing the degree. Not least because a degree and a professional accounting qualification are a powerful combination of qualifications to have, putting you in demand with employers and increasing your career prospects.
COMPUTER BASED EXAMINATIONS (CBE)
You must be a registered ACCA student, and be in receipt of your student ID card before sitting the following papers by CBE.
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting (International)
Exam Cycles
ACCA offers two six monthly cycles for taking exams:
June cycle: 1 February to 31 July (including June paper-based exam session)
December cycle: 1 August to 31 January (including December paper-based exam session)
In each of the six-monthly cycles, you will be able to sit a maximum of four exams by paper based or CBE method.
You only need to complete the exam entry form if you intend to sit paper-based exams, or paper-based exams and CBEs. If you only wish to sit CBEs you do not need to complete the exam entry form and should contact your licensed CBE centre for details.
Mature student entry route (MSER) exams
The following exams are available via CBE:
MMA Management Accounting (equivalent to F2)
MFA Financial Accounting (International) (equivalent to F3
Time limits
You have 10 years from the date you registered to complete the ACCA exams.
If you registered before 31 December 2006 and were transferred to the existing syllabus in August 2007, you will have been given a further ten years to complete the ACCA exams, ie you will have until June 2017 to complete.
However, this does not apply to the completion of the BSc Honours Degree in Applied Accounting awarded by Oxford Brookes University (OBU). You will need to complete the degree within ten years of your initial registration date with ACCA.
MATURE STUDENTS ENTRY ROUTE
If you registered under MSER (Mature Student Entry Route) you will have four consecutive exam sessions ie two years, to pass papers MMA and MFA (the equivalent of Papers F2 and F3). If you are successful during this time, you will be transferred over to the main student register, given exemption from Papers F2 and F3 and can then continue with the other exams in the ACCA syllabus, including sitting Paper F1, and can sit a maximum of four papers in any six-month exam cycle.
Entering for exams
The quickest and simplest way to register for your exams is to register online at myACCA
Registering for your exams online means:
• you get immediate confirmation of receipt and processing of your exam entry so you don't need to worry if you've been entered for the exams
• you get immediate validation of exam entry information so any errors or misunderstandings can be sorted as soon as possible
• you can go back and change the exam centre you've selected
• you can change your law/tax variant and standards or stream
• should you change your mind about which exams you feel ready to take then you can amend the selections you may have previously made.
Please note that you can make as many changes as you wish online to your exam selection at no extra cost up until the standard exam entry closing date of 15 April for June exams and 15 October for December exams.
ACCA MEMBERSHIP
• ACCA will be able to transfer you to ACCA membership once you have:
• completed your exams
• completed the Professional Ethics module (where required)
• recorded 36 months' in a relevant role via the PER return
• answered the challenge questions for 13 performance objectives and had these signed off by your workplace mentor.
On meeting all four of the above requirements, you will receive an email or letter advising that you can transfer to the register of ACCA members.
ACCA and Oxford Brookes University have worked together to develop a BSc in Applied Accounting, which is available exclusively to ACCA students who wish to obtain a degree while studying towards the ACCA Qualification.
For more details follow the link below:
https://portal.accaglobal.com/tpweb/faces/page/public/tuitionprovider/searchtp/XXTPQuickSearchVO1Table.jspx
