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Unlocking Opportunities with ACCA: Your Guide to Registration, Subjects, and More!🌟
ACCA
In today’s competitive job market, possessing the right qualifications can make all the difference in advancing your career in finance and accounting. One of the most prestigious and widely recognized qualifications is the Association of Chartered Certified Accountants (ACCA).
The Association of Chartered Certified Accountants (ACCA) is a globally recognized qualification that opens doors to a myriad of career opportunities in finance and accounting. Whether you’re a student or a professional looking to enhance your credentials, ACCA can be a game-changer.
Here’s a detailed breakdown of everything you need to know about ACCA.
| COURSE | ACCA |
| ELIGIBILITY(FOR INDIAN STUDENTS) | Eligibility Criteria for Indian students: A) Matriculation Certificate / Secondary School Leaving Certificate / All India Secondary School Certificate / India Certificate of Secondary Education – awarded on completion of Standard X(INSUFFICIENT) B) 10+2 / India School Certificate / Intermediate Certificate / Higher School Certificate / Higher Secondary Certificate / Pre-University Course / Intermediate Public Examination(SUFFICIENT FOR REG.) (providing passes are held in 5 subjects (at least 3 in Year XII) including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others)(For the Higher Secondary Certificate the marks are out of 200, so over 130 meets the 65% requirement and over 100 meets the 50% requirement.) C) All India Senior School Certificate/ Senior School Certificate /Senior Secondary School Examination(SUFFICIENT FOR REG.) (providing passes are held in 5 subjects including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others) D) Students with no formal education will be able to apply for the ACCA Foundation. On passing the Diploma course for ACCA Foundation, students will be able to apply for ACCA qualification which is the main ACCA certification exam E) Students who have passed class 12 will be exempted from the Foundational Diploma course of ACCA. |
| LEVELS & SUBJECTS | ACCA Course is divided into 3 levels: Knowledge, Skills, and Professional. APPLIED KNOWLEGE LEVEL: 1. Business & Technology 2. Management Accounting 3. Financial Accounting APPLIED SKILLS LEVEL: 4. Corporate and Business Law (LW) 5. Taxation (TX) 6. Performance Management (PM) 7. Financial Reporting (FR) 8. Audit and Assurance (AA) 9. Financial Management (FM) STRATEGIC PROFESSIONAL LEVEL: 10. Strategic Business Leader (SBL) 11. Strategic Business Reporting (SBR) CHOOSE TWO PAPERS OUT OF THESE FOUR: 1. Advanced Financial Management (AFM) 2. Advanced Performance Management (APM) 3. Advanced Taxation (ATX) 4. Advanced Audit and Assurance (AAA) |
| EXEMPTIONS | I) STUDENTS GRADUATED FROM B.COM OR M.COM: 1. Business & Technology 2. Management Accounting 3. Financial Accounting 4. Corporate and Business Law (LW) II) CA INTERMEDIATE PASSED STUDENTS: 1. Business & Technology 2. Management Accounting 3. Financial Accounting 4. Taxation (TX) 5. Audit and Assurance (AA) III) CHARTERED ACCOUNTANTS: 1. Business & Technology 2. Management Accounting 3. Financial Accounting 4. Corporate and Business Law (LW) 5. Taxation (TX) 6. Performance Management (PM) 7. Financial Reporting (FR) 8. Audit and Assurance (AA) 9. Financial Management (FM) IV) CMA INTERMEDIATE PASSED: 1. Business & Technology 2. Management Accounting 3. Financial Accounting 4. Corporate and Business Law (LW) 5. Taxation (TX) 6. Financial Reporting (FR) 7. Financial Management (FM) V) COST & MANAGEMENT ACCOUNTANT: 1. Business & Technology 2. Management Accounting 3. Financial Accounting 4. Corporate and Business Law (LW) 5. Taxation (TX) 6. Performance Management (PM) 7. Financial Reporting (FR) 8. Audit and Assurance (AA) 9. Financial Management (FM) |
| REGISTRATION PROCESS | STEP 1: Assembling Necessary ACCA Documents like, Education degrees & Identity card. STEP 2: Create your account on ACCAGLOBAL Website STEP 3: Fill Out the ACCA Registration Form with all details. STEP 4: Attach supporting documents for availing exemptions, if any STEP 5: Pay the ACCA Registration Fee. STEP 6: login, once you get your credentials on E-mail. |
| FEES | 1) Initial Registration INR 2,700 2) Annual subscription INR 10,440 3) Knowledge Level INR 22,680 4) Skill Level INR 69,660 5) Professional Level INR 64,170 NOTE: If you are exempted from appearing in any of the ACCA exams, ACCA charges a fee of Rs. 10,000 per subject on average for each exam exemption. |
| EXAMINATION PATTERN | Applied Knowledge Level All three papers are entirely multiple-choice questions (MCQ) based exams, with a passing threshold of 50%. Applied Skills Level Corporate and Business Law is a 100% objective type questions (OTQ) based exam, requiring a minimum score of 50% to pass. The remaining five exams (Financial Management, Financial Reporting, Performance Management, Audit and Assurance, and Taxation) are composed of 60% OTQs and 40% subjective questions. A pass mark of 50% is necessary for each individual exam. Strategic Professional Level All four papers (two mandatory and two optional) are entirely subjective exams, with a pass percentage of 50% per exam. |
The ACCA EXAM PATTERN AND STRUCTURE
The ACCA Exam Pattern has two parts: Computer-based and Paper-based, which include Multiple Choice Questions (MCQs) and Scenario-based questions.
The ACCA Exam Pattern and Structure is as below:
Exam Pattern for Computer-based Papers:
ACCA Papers from F1-F9 are all computer-based exams.
Papers F1, F2, F3 and F4 involve these questions
100% MCQs — (2 × 50 questions)
You can give those by booking your exams at any of the centers
Papers from F5 to F9 contains:
60% MCQs – It is divided into two sections:
Section A: 2× 15 questions
Section B: Each of the 3 scenario questions has 15 numbers. Each scenario has 5 MCQs under it.
40 Long Answer Questions: A scenario will be given and 3 to 4 questions will be asked on this basis.
P1 – P6 are paper based exams.
The ACCA SBL paper consists of a single question of 100 marks which gets sub divided into various questions of varied marks.
100% scenario-based questions.
Section A: A case study of 50 marks will be given and 4-5 questions will be asked on it.
Section B: Each will be given 3 cases of 25 marks. Have to try 2 out of 3.
The exams are conducted every March, June, September and December. In a six-month cycle, a person can give four exams or eight exams a year and need to give a total of 13 exams to qualify.
ON DEMAND AND REGULAR CBEs
On-demand CBEs allow for flexibility in your studies as you can sit for them at any time of the year. Your results are displayed immediately at the end of the exam and uploaded to your account within 72 hours. To book an on-demand CBE, you can contact an exam center directly to arrange a time and date that suits you. ACCA conducts “on-demand exams” for papers up to F4.
Regular CBEs take place once in three months and are booked using our online exam booking system. Depending on the exam, you may be required to use word processing, spreadsheet, and slide presentation tools – enhancing your employability skills. For F5 – P7, ACCA conducts exams four times a year (March, June, September, and December). F5-F9 can be given in any order and once you are done with your fundamental papers you can also opt to give the professional papers in any order.
PLANNING FOR QUARTERLY EXAMS
Studying for one paper every three months allows you to focus on one subject at a time which you may find beneficial as you progress to higher-level papers. This is because some subjects at the higher level are harder or have a larger syllabus to cover. However, this might mean that you have to start studying for your next paper before you have the results of your most recent exam if you want to have the optimum amount of time to prepare. If you want to wait until you receive your exam results before starting your studies for your next paper, this would mean studying for an intense period of seven weeks.
It is helpful to create a study plan:
- Study little and often focus on the time available as well as ACCA syllabus topics
- The best study sessions last about an hour and will run as follow:
- Recap of questions from previous sessions.
- New syllabus area with simple illustrations
- Past paper questions
- Don’t be too inflexible or unrealistic with your expectations as this can be demotivating.
HANDWRITTEN EXAMS FOR PROFESSIONAL LEVEL
Professional level exams of ACCA consist of six papers in total, out of which two strategic level papers (SBL, SBR) are compulsory. Out of four papers (AFM, APM, ATX, AAA), and any two papers can be taken up by the students as per their choice. Professional level papers are paper-based presently.
ACCA EXAM REGISTRATION: PROCESS OF BOOKING EXAMS
- Find a centre offering on-demand CBEs
- Make arrangements to give your exam(s) directly at the CBE centre
- Pay the CBE centre directly for the exam(s)
- On exam day, your identity will be checked by the invigilator. Further validity and eligibility checks are carried out, and then the invigilator instructions will be read out.
- On completion of the exam, your provisional result is displayed on screen. Your result will be transferred to your my ACCA records within 72 hours.
- Each exam session has a deadline by which you must apply if you want to sit an exam in that session. Applying early means you can take advantage of lower fees.
- Once you have booked an exam, you can view the booking details and cancel or amend the booking. Any changes or cancellations to an exam booking must be made before the standard entry deadline and your exam fee will be credited to your account.
- Changes or cancellations made after the standard deadline date are not permitted and your exam fee will not be credited to your account
Pursuing the ACCA qualification can be a transformative step in your career, providing you with the knowledge and skills necessary to excel in the finance and accounting sectors. With its global recognition, ACCA is more than just a certification; it’s a pathway to diverse career opportunities and professional growth.
ACCA EXAM CENTERS IN INDIA
Cities in which the exams are conducted are as follows:
New Delhi, Chennai, Pune, Bangalore, Coimbatore, Ernakulam, Kannur, Secundarabad, Mumbai, Thane, Panchkula, Kochi, Calicut, Kottayam, Thrissur, Tirur Malappuram, Trivandrum, Andheri, Udaipur, Dehradun, Baroda, Hyderabad, Ahmedabad.
ALL THE BEST!