The Association of Chartered Certified Accountants (ACCA) is an international body that provides accredited accountants – Chartered Certified Accountants or ACCA.
Table of Contents
1. Fundamental Level (F1 – F3)
2. Skill Level (F4 to F9) and
3. Professional level (P Level).
In addition, 13 papers in the ACCA syllabus are divided into the following four levels:
1. Information (including 3 papers F1 – F3)
2. Skills (including 6 papers F4 – F9)
3. Mandatory (including 2 pages P1 / P3 and P2)
4. Options (including 4 pages P4 – P7 from any 2)
| FUNDAMENTALS LEVEL |
| Knowledge exams |
| F1 Accountant in Business |
| F2 Management Accounting |
| F3 Financial Accounting |
| SKILL LEVEL |
| F4 Corporate and Business Law |
| F5 Performance Management |
| F6 Taxation |
| F7 Financial Reporting |
| F8 Audit and Assurance |
| F9 Financial Management |
| PROFESSIONAL LEVEL |
| P1 Governance, Risk and Ethic |
| P2 Corporate Reporting |
| Two of the following options |
| P4 Advanced Financial Management |
| P5 Advanced Performance Management |
| P6 Advanced Taxation |
| P7 Advanced Audit and Assurance |
This section is your starting point in your quest to become a qualified ACCA accountant and therefore provides you with basic business accounting information.
This paper of ACCA teaches you how to manage a business effectively by understanding the current business environment and understanding its impact on the activities of the organization. It also emphasizes your role as an accountant and the contribution you are expected to make to organizational development in an effective and efficient manner.
This paper of ACCA syllabus provides you with information on how to prepare and process basic value information, which can then be used to support decision-making processes at the management level.
This paper in ACCA teaches you the basic concepts and core principles that govern accounting activities. It will also help you to develop the technology of double-entry accounting, which is the basis for preparing and interpreting all the basic financial statements.
This module of ACCA syllabus helps you to develop expertise in some of the key areas, including tax, law, auditing and financial management, performance management and financial reporting.
This paper of ACCA curriculum helps you understand the broad legal framework by introducing you to specific business-related business matters. It also teaches you to identify those situations where you should seek the advice of a professional legal adviser.
This paper of ACCA syllabus helps you to develop your skills and learn different management techniques for calculation. The purpose is to teach you how to apply the available value information and quality in the planning, decision-making and performance appraisal process.
The purpose of this paper in ACCA is to provide you with detailed information on the business tax plan and to help you understand how it affects individuals and companies.
The purpose of this paper under ACCA curriculum is to develop your skills to understand the basic principles of accounting standards and financial reporting. It also emphasizes the principles on which the financial statements are based, which will ultimately help you to better analyze and interpret Financial statements.
This paper under ACCA will give you the information you need to make sure you are involved and ensure that you understand all aspects of the same professional management.
This paper of ACCA teaches you how financial managers use their knowledge and experience in investing, financing and various other decisions.
The time required to prepare each paper of ACCA depends on the level of ability of the individual and that is why it is entirely dependent. However, it can be said that each paper from the basic level takes about 2 to 3 months, while each expert level paper takes about 4.5 months.
The difficulty level of each paper in ACCA can vary from person to person as it is a matter that depends very much on your level of ability, area of interest and perspective. However, one of the most effective ways of determining the level of difficulty is the historical pass rate. The historical pass rate indicates how many people can pass the test and the low pass rate indicates that the paper is very difficult. Average global pass rate of ACCA is 40-50%.
The ACCA exams are one of the most flexible tests in the accounting world and provide ample opportunity for students to choose how they would like to write their exams. In addition to the flexibility offered to ACCA students, the pass rate for ACCA students ranges from 40% to 60% from one subject to another.
You may have passed the ACCA exam by having the right strategy to prepare for the test; our guide will enable students to successfully and successfully familiarize themselves with future ACCA exams.
Now we will provide you tips on how to prepare and the most important areas that need to be covered to pass the ACCA exam. Follow the rules below to clear all levels of paper in one effort:
It is important for students to take live classes from NorthStar Academy, the best institute for ACCA in India, read the complete reading text and solve problems in the revision kit. Make sure you make short notes on your own to read them, in case, if you cannot make these short notes then the brief notes given by the NSA mentors can be read thoroughly.
Technical Articles are articles published in ACCA global where the latest trends are published for a particular subject and such information is important for students as it can be tested in this area in future tests. Please note that technical articles are published by topic and provide detailed information on the content and topic.
Students should read daily for at least 2 hours a day. It sounds very easy to learn only 2 hours a day but consistency is required.
Students should sleep well 8 hours a day, this will give the student the ability to concentrate and make the student understand the lesson.
Students should keep their health organized, which is very important for them to be able to write exams. If you have learned everything and are well prepared and if health is not right, then everything will go in vain. Keeping healthy has 2 important aspects one is to drink clean and fresh water and secondly to have proper diet cycles.
One of the most important aspects of an ACCA student life is having a efficient learning program. If the student does not have an action plan to study, then the student will not know that the student is on the right track to complete the sections on time. Here it is important for students to plan, based on the test day and postpone the number of days available.
It is important to know the cons of group study, try as much as possible to avoid group study as during the writing of the tests the student should write the tests on his / her own, not as part of the group. In group studies, there are always only certain group members who benefit. You can have doubts in the group or discussion sessions in the group. But pro is that one can learn more being part of the group. Choose accordingly.
It is recommended that atleast previous 5 papers should be resolved by the student before going ahead with the actual exam. These papers are also available at ACCA global, unfortunately, multiple-choice questions and activities are not available in these questionnaires and students will have to rely on other sources to solve and gain confidence in those questions.
It is important for students to solve questions rather than just look at and read them. The problem-solving feature will help them to know where they are wrong and prevent them from making such mistakes in the future. Many students have a habit of simply looking at problems and not solving them, facing major difficulties and challenges in the exam hall.
The Success Formula for Test is 2 + 2 = Success. This means that students need to read the textbook 2 times and review it 2 times before writing the exams. This type of activity will equip the student to complete the test and will enable the student to score well.
Lastly, it is important for students to write at least 2 full mock exams before writing the final exams. This will let the student know the areas to focus on in the exam hall.
From the above, it seems that writing the ACCA exam is just a matter of having a proper and systematic approach to assessment that will help the student to achieve the required success in his or her tests. You always remember that achieving success in ACCA requires 50% hard work and 50% smart work. Join NorthStar Academy today to pass the ACCA exam in one go!
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Much valuable blog for ACCA, Thanks NorthStar Academy