Examination Structure 2007 New Syallabus
The new ACCA examinations will be in two levels, ACCA Business and ACCA Professional.
Unless they are exempted, students start their studies at ACCA Business, where they learn the essential skills and techniques of accountancy, business and finance and can also work towards a BSc (Hons) degree in Applied Accounting.
Students then progress to ACCA Professional. At this level, students are required to demonstrate that they have not only mastered the range of required knowledge, skills and techniques, but also that they are able to apply them in a professional context, whether in industry, public practice or the public sector.
Adaptation of the international accounting and auditing examinations will be carried out where ACCA has a major market and it is necessary for statutory recognition. Tax and law variants will continue to be offered where necessary for statutory recognition, or where there is sufficient demand.
ACCA Business (9 papers in total)
Essentials (4 papers)
The Accountant in Business AB
Business Costing BC
Financial Accounting FA
Corporate and Business Law CL
Skills (5 papers)
Performance Management PM
Taxation TX
Business Assurance BA
Financial Reporting FR
Financial Management FM
ACCA Professional (5 papers in total)
Core (3 papers)
The Professional Accountant PA
Corporate Reporting CR
Strategic Management SM
Option (2 papers from 4)
Advanced Business Assurance ABA
Advanced Taxation ATX
Advanced Performance Management APM
Advanced Financial Management AFM
Examination format
ACCA Business Essentials papers will be assessed by two-hour examinations. These will be available both as computer-based examinations (CBE), providing automatic marking and immediate results, and as traditional paper-based examinations.
ACCA Business Skills papers will be three-hours long. These papers will make use of a range of assessment methods such as objective testing, short answer, extended computational exercises, essays and scenarios. These papers may also make use of CBE, subject to further investigation.
ACCA Professional papers will be three-hours long and will make use of a range of assessment methods such as short answer, extended computational exercises, essays and scenarios and case studies. ACCA Professional examinations will not be available as CBE for the foreseeable future, as it is difficult to assess the higher skills needed by a professional accountant using existing CBE technology.
Examination progression
To satisfy the examination requirements to become an ACCA member, students must pass or be exempt from all nine papers in ACCA Business (Essentials and Skills). They must also pass all three core papers in ACCA Professional and two option papers from four in ACCA Professional.
Students are expected to study ACCA Business papers before or at the same time as ACCA Professional papers and in the order specified. However, to accommodate compelling business needs to develop specific skills earlier, students may vary the order both within and between levels.
Before taking any decisions to vary from the specified examination order, students, employers and tuition providers should consider any assumed knowledge underpinning each paper. Specifically:
* ACCA Professional Option papers assume knowledge of the content covered in the ACCA Professional Core papers.
* All ACCA Professional papers assume knowledge of the content covered in the ACCA Business papers.
* ACCA Business Skills papers assume knowledge of the ACCA Business Essentials papers.
* ACCA Business Essentials papers assume no prior knowledge.
There is no requirement for students to sit and/or pass any of the papers together, including the three ACCA Professional Core papers.
Students may attempt a maximum of four papers at any one sitting.
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