Choosing the right combination of ACCA papers

Choosing the right combination of ACCA Papers Krista Farrugia BPP Professional Education Malta Director of Studies ACCA Syllabus – Structure Fundamentals Level (9 papers) 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) Entry 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 Professional level (5 papers) 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) 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 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 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 Accounting • Partnership 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 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 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 Third sitting – F8, F9 Forth sitting – F6 Fifth sitting – P1, P2, P3 Sixth sitting – P6, P7 Qualified in years Moderate route • • • • • • • First sitting – F1,F2,F3 (CBEs) Second sitting – F5, F7 Third sitting – F4, F8 Forth sitting – F6 Fifth sitting – F9, P1 Sixth sitting – P2, P3 Seventh sitting – P6, P7 Qualified in 3.5 years Slow route • • • • • • • • First sitting – F2,F3 (CBEs) Second sitting – F1, F4 Third sitting – F5, F7 Forth sitting – F8, F9 Fifth sitting – F6 Sixth sitting – P1/P3, P2 Seventh sitting – P1/P3, P7 Eight sitting – P6 Qualified in 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 Qualified in 5.5 years Any Questions kfarrugia@bpp.com