Choosing the Right Combination of ACCA Papers (1)

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Choosing the rightcombination of

ACCA PapersKrista Farrugia

BPP Professional Education Malta

Director of Studies



ACCA Syllabus – Structure

Entry

Skills Module

F9 Financial Management (FM)

F8 Audit & Assurance (AA)

F7 Financial Reporting (FR)

F6 Taxation (TX)

F5 Performance Management

(PM)

F4 Corporate & Business Law

(CL)

Knowledge Module

F3 Financial Accounting (FA)

F2 Management Accounting (MA)

F1 Accountant in Business (AB)

Fundamentals Level (9 papers)

The Fundamentals

level has two

modules –

Knowledge andSkills.

For certain ACCA

Accredited degrees

full exemption from

the Fundamentals

Level may be

granted.



ACCA Syllabus – Structure

Options Module (Any Two)

P7 Adv Audit & Assurance (AAA)

P6 Adv Taxation (ATX)

P5 Adv Performance Management (APM)

P4 Adv Financial Management (AFM)

Essentials Module

P3 Business Analysis (BA)

P2 Corporate Reporting (CR)

P1 Professional Accountant (PA)

Professional level (5 papers)

The Professional level is

divided into two modules –

Essentials and Options.

Professional Level examsare three hours long and arepaper-based.

There is no longer a

requirement to sit all

Essentials (previouslyCore) papers together.



Local Variant Papers

• Three local variant papers: -

– F4 Corporate and Business Law (Malta

Variant)

– F6 Taxation (Malta Variant)

– P6 Advanced Taxation (Malta Variant)



The Process

•Modules must be sat in the following order: Knowledge,

Skills, Essentials and Options.

•Up to four exams may be taken at any sitting and exams

may be taken in any order as long as the modules are

attempted in order.

•Knowledge module exams are two hours long and can be

sat as computer or paper-based exams.

•The Skills module and all Professional Level exams arethree hours long and are paper-based.



Professional Ethics Course

• Must be completed before finally applying for membership

• Available online, on CD-ROM or paper-based

• Made available once eligible to take

P1 (Professional Accountant)

• Best taken when – or before – sitting P1



BSc (Hons) in Applied Accounting

• Partnership between ACCA and OxfordBrookes University

• Indicate on the initial registration form

• Submit a Research and Analysis Project

(not exceeding 5000 words) and a KeySkills Statement (not exceeding 1500words)



What many papers should I choose

in one sitting?

• ACCA is a very flexible qualification

• Can be done as slowly (max 10 years)

or as fast as one chooses

• Maximum of 4 papers every sitting but

we recommend average of 2/3 papersevery sitting



What is the best combination of

papers?

• The combination of papers depends onthe following :

Your background of accountancy

Your work experience Time constraints

The desired speed of completion



Extra Fast route

• First sitting – F1,F2,F3 (CBEs), F4• Second sitting – F5, F7, F8

• Third sitting – F6, F9

• Forth sitting – P1, P2, P3• Fifth sitting – P6, P7

Qualified in 2.5 years



Fast route

• First sitting – F1,F2,F3 (CBEs), F4• Second sitting – F5, F7


• Forth sitting – F6• Fifth sitting – P1, P2, P3

• Sixth sitting – P6, P7

Qualified in 3 years



Moderate route

• First sitting – F1,F2,F3 (CBEs)• Second sitting – F5, F7


•

Forth sitting –

F6• Fifth sitting – F9, P1

• Sixth sitting – P2, P3

• Seventh sitting – P6, P7




Slow route

• First sitting – F2,F3 (CBEs)• Second sitting – F1, F4


•

Forth sitting –

F8, F9• Fifth sitting – F6

• Sixth sitting – P1/P3, P2

• Seventh sitting – P1/P3, P7

• Eight sitting – P6

Qualified in 4 years



Extra slow route

• First sitting – F1• Second sitting – F2, F3

• Third sitting – F4

• Forth sitting – F5• Fifth sitting – F7

• Sixth sitting – F8, F9



Extra slow route

• Seventh sitting – F6• Eight sitting – P1

• Ninth sitting –P2

• Tenth sitting – P3• Eleventh sitting – P6, P7




Any Questions

[email protected]

mailto:[email protected]

mailto:[email protected]

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Choosing the Right Combination of ACCA Papers (1)