The Association of Chartered Certified Accountants (ACCA) qualification consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional.
Applied Knowledge Level: This level focuses on building a strong foundation in accounting and finance principles. It includes three papers: Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA).
Applied Skills Level: This level builds upon the knowledge gained in the Applied Knowledge level and includes six papers: Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM).
Strategic Professional Level: The highest level of the ACCA qualification consists of two modules: Essentials and Options. In the Essentials module, you will study Strategic Business Leader (SBL), which emphasizes leadership and professional skills, and Strategic Business Reporting (SBR), which covers advanced financial reporting. For the Options module, you must choose any two papers from Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX), and Advanced Audit and Assurance (AAA).
Candidates are required to complete relevant practical experience and an ethics module, “Professional Ethics and Professional Skills,” to become an ACCA member.
ACCA 2023 Subject-Wise Important Topics
As of my last update in September 2021, I cannot provide specific information on ACCA 2023 subject-wise important topics. ACCA syllabus and exam content may change over time. For the latest and most relevant information on important topics for each subject in 2023, refer to the official ACCA website or study materials.
How to Prepare for ACCA Exam
Preparing for the ACCA exam requires careful planning and dedication. Here are some general tips:
- Understand the Syllabus: Familiarize yourself with the syllabus and exam structure for each paper.
- Create a Study Plan: Develop a study schedule that allocates sufficient time for each subject and revision.
- Practice Past Papers: Practice past exam papers to get familiar with the exam format and assess your understanding.
- Use Study Materials: Utilize ACCA-approved study materials and resources to aid your preparation.
- Join Tuition or Revision Classes: Consider enrolling in tuition or revision classes to receive expert guidance.
Stay Consistent: Be consistent in your studies and allocate time for regular revisions.
Course Details of ACCA
The ACCA qualification equips you with essential skills and knowledge in accounting, finance, and business. It consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional. The course covers various subjects, including financial accounting, management accounting, taxation, auditing, financial management, and more.
Is There Any Entrance Exam for ACCA:
No, there is no specific entrance exam to join the ACCA qualification. Students with any educational background can register for the ACCA qualification and start with the Applied Knowledge level.
How ACCA Exams are Conducted:
ACCA exams are conducted four times a year, in March, June, September, and December, at various exam centers worldwide. Most papers are computer-based, but some are paper-based. The exams are held during specific exam sessions, and candidates must register and pay the exam fees to secure their place.
How ACCA Works:
ACCA is a global professional accountancy body that offers the ACCA qualification. It aims to provide aspiring accountants with the necessary skills and knowledge to succeed in their careers. Candidates progress through the three levels of the qualification by passing exams and fulfilling practical experience requirements. Once qualified, ACCA members can work in various finance and accounting roles, including auditing, financial analysis, management accounting, and more, across different industries worldwide.