ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. At present, it has over 2,00,000 members and 486,000 students across more than 180 countries. With an ACCA qualification, an individual can work as an accountant, financial consultant, management consultant, financial planner etc. ACCA opportunities in India have widely grown, especially with the growing network of Big 4 companies and MNCs in the country. The ACCA qualification is equivalent to CA (ICAI) in India and the salaries are also equivalent to that of a Chartered Accountant.
Headquartered in London, ACCA has a network of over 100 offices and centres with more than 7,300 approved employers worldwide who provide employee development. Students can pursue this course alongside their graduation since ACCA’s flexible examination schedule makes this qualification more attractive.
ACCA SYLLABUS AND THE TOTAL NUMBER OF PAPERS
ACCA Syllabus can be broken down into the following 4 levels. Each level consists several ACCA exam papers. However, currently, there are 13 exams in total for the ACCA course.
ACCA offers certain exemptions for the ACCA Exams based on an individual’s prior learning and qualification. ACCA Exemptions aim to help you get ACCA coaching at the level that’s right for you. Below are the exemptions for ACCA course based on your prior qualification:
Since nothing good comes for free, you have to pay an exemption charge for each ACCA exam that you exempt.
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:
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
ACCA EXAM FEES
To register for ACCA Exams, you must first become an active ACCA student which requires you to pay one-time registration fee (79 pounds = 7,712 rupees) and an annual subscription fee (105 pounds = 10,249 rupees).
The ACCA Exam fees has been calculated below for each ACCA exam level:
Assuming that the pounds exchange rate is £1 =93 INR.
Knowledge exams - £83= 7,719 per paper 7,719×3 = 23,157 (since there are 3 papers)
Skills exams - £111 = 10,323 per paper 10,323×6 = 61,938 (since there are 6 papers)
Professional exam SBL- £186 = 17,298 per paper 17,298×1 = 17,298
Professional exams - £136 = 12,648 per paper 12,648×5 = 63,240 (since there are 5 papers)
Total cost = 23,157+61,938+ 17,298+63,240 = *Rs. 1,65,633
*Fees vary according to the fluctuating pound rate.
SUPPORT OF LEARNING PARTNER IN EXAM BOOKING
Accredited Learning Partners (ALPs) help students identify if they are ready to write and excel in their exams. ALPs also guide students on exam booking dates and can also book the exams on behalf of the students if required.
ACCA EXAM CENTERS IN INDIACities 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.
POINTS FOR STUDENTS BOOKING EXAMS
A major role that student have is to know the exam dates and the due dates to book the exams. Students should double check their exam centre and its address as to avoid booking the wrong centre.
IMPORTANT POINT ABOUT THE EXAMS
The student should be confident enough about the paper before answering the exam. It is necessary for the student to go through the study text, revision kit, past question papers and answer a few mock tests to be more confident about the paper. Answering mock tests helps students correct their mistakes and get an idea about the questions in the exam.