Choosing the Right Combination of ACCA Papers

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Choosing the right combination of ACCA PapersKrista FarrugiaBPP Professional Education MaltaDirector of Studies

1ACCA Syllabus Structure EntrySkills ModuleF9 Financial Management (FM)F8 Audit & Assurance (AA) F7 Financial Reporting (FR)F6 Taxation (TX)F5 Performance Management (PM)F4 Corporate & Business Law (CL)Knowledge ModuleF3 Financial Accounting (FA)F2 Management Accounting (MA)F1 Accountant in Business (AB)Fundamentals Level (9 papers)The Fundamentals level has two modules Knowledge and Skills.

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 ModuleP3 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 exams are three hours long and are paper-based.

There is no longer a requirement to sit all Essentials (previously Core) papers together.

Local Variant PapersThree local variant papers: -

F4 Corporate and Business Law (Malta Variant)

F6 Taxation (Malta Variant)

P6 Advanced Taxation (Malta Variant)The ProcessModules 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 are three 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 AccountingPartnership between ACCA and Oxford Brookes University

Indicate on the initial registration form

Submit a Research and Analysis Project (not exceeding 5000 words) and a Key Skills Statement (not exceeding 1500 words)

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 papers every sitting

What is the best combination of papers?The combination of papers depends on the following :Your background of accountancyYour work experienceTime constraintsThe desired speed of completion

Extra Fast routeFirst sitting F1,F2,F3 (CBEs), F4Second sitting F5, F7, F8Third sitting F6, F9Forth sitting P1, P2, P3Fifth sitting P6, P7

Qualified in 2.5 years

Fast routeFirst sitting F1,F2,F3 (CBEs), F4Second sitting F5, F7Third sitting F8, F9Forth sitting F6Fifth sitting P1, P2, P3Sixth sitting P6, P7

Qualified in 3 years

Moderate routeFirst sitting F1,F2,F3 (CBEs)Second sitting F5, F7Third sitting F4, F8Forth sitting F6Fifth sitting F9, P1Sixth sitting P2, P3Seventh sitting P6, P7

Qualified in 3.5 years

Slow routeFirst sitting F2,F3 (CBEs)Second sitting F1, F4Third sitting F5, F7Forth sitting F8, F9Fifth sitting F6Sixth sitting P1/P3, P2Seventh sitting P1/P3, P7Eight sitting P6

Qualified in 4 years

Extra slow routeFirst sitting F1Second sitting F2, F3Third sitting F4Forth sitting F5Fifth sitting F7Sixth sitting F8, F9

Extra slow routeSeventh sitting F6Eight sitting P1Ninth sitting P2Tenth sitting P3Eleventh sitting P6, P7

Qualified in 5.5 years

Any [email protected]