ACCA Exam Structure and Pattern

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02, Mar 2017
ACCA Exam Structure and Pattern ACCA doesn’t have a single definite pattern for all of its exams. Broadly the entire ACCA Exam Structure and Pattern are divided into different levels and modules and the ACCA Course pattern varies with them and within them. Let’s try to understand it from the beginning.

ACCA Modules and Levels:

ACCA Exams are primarily divided into two levels, Fundamentals and Professional. The Fundamentals level has a total of 9 papers/subjects and they are divided into two modules: Knowledge and Skills The Knowledge module has 3 papers and deals with the main areas of financial and management accounting. You will study the accountancy areas in greater detail in greater detail after you have studied this. There are six subjects in the Skills module which cover the main technical areas that accountants are expected to know.

Knowledge Module:

F1 – Accountant in Business F2 – Management Accounting F3 – Financial Accounting

Skills Module:

F4 – Corporate and Business Law F5 – Performance Management F6 – Taxation F7 – Financial Reporting F8 – Audit and Assurance F9 – Financial Management The Professional level is also made up of two modules; Essentials and Options. Both of the modules are at Professional level and have been set at the same ability level as a Masters degree. This level builds on the technical knowledge you will already have gained through the Fundamentals level. It will also explore more advanced professional skills, techniques and values. These are required at a senior level by accountants working in an advisory or consultancy role. All students have to pass the three papers in the Essentials module. The Options module contains four papers, but you only need to complete two.Essentials P1 – Governance, Risk and Ethics P2 – Corporate Reporting P3 – Business Analysis Options (two to be completed) P4 – Advanced Financial Management P5 – Advanced Performance Management P6 – Advanced Taxation P7 – Advanced Audit and Assurance Besides these two levels, there’s a professional ethics module which has to be cleared to become ACCA certified. This module is open once you have cleared Fundamentals level and entered the professional level.

ACCA Exam Pattern:

As said earlier, the exam pattern varies for each level and module and within modules. Here’s a table giving out the details for each of the exams:
Exam Syllabus covered Duration/exam type Exam pattern
F1 Governance, Risk and Ethics 2hrs/PBE(or)CBE The exam contains 2 sections:Section A will contain 30 two mark objective questions and 16 one mark objective questions. Section B will contain 6 four mark multitask questions each of which will examine one of the six main sections of the F1 syllabus.
F2 Management Accounting 2hrs/PBE(or)CBE The examination will consist of two sections. Section A will contain 35 two mark objective questions. Section B will contain 3 ten mark multi-task questions each of which will examine Budgeting, Standard costing and Performance measurement sections of the syllabus.
F3 Financial Accounting 2hrs/PBE(or)CBE The examination will consist of two sections. Section A will contain 35 two mark objective questions. Section B will contain 2 fifteen mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.
F4 Corporate and Business Law
F5 Performance Management 3hrs/PBE Section A of the exam comprises 20 multiple choice questions of 2 marks each. Section B of the exam comprises three 10 mark questions and two 15 mark questions. The two 15 mark questions will come from decision making techniques, budgeting and control and or performance measurement and control areas of the syllabus. The section A questions and the other questions in section B can cover any areas of the syllabus. Candidates are provided with a formulae sheet.
F6 Taxation 3hrs/PBE The paper will be predominantly computational and will have five questions, all of which will be compulsory.Question one will focus on income tax and question two will focus on corporation tax. The two questions will be for a total of 55 marks, with one of the questions being for 30 marks and the other being for 25 marks.Question three will focus on chargeable gains (either personal or corporate) and will be for 15 marks. Questions four and five will be on any area of the syllabus, can cover more than one topic, and will be for 15 marks.
F7 Financial Reporting 3hrs/PBE Section A of the exam comprises 20 multiple choice questions of 2 marks each. Section B of the exam comprises two 15 mark questions and one 30 mark question. The 30 mark question will examine the preparation of financial statements for either a single entity or a group. The section A question and the other questions in section B can cover any areas of the syllabus. An individual question may often involve elements that relate to different subject areas of the syllabus
F8 Audit and Assurance 3hrs/PBE The exam will be structured in two sections. Section A will contain 8 two mark and four one mark objective test questions assessing the breadth of the syllabus. Section B will contain four 10 mark questions and two 20 mark questions.
F9 Financial Management 3hrs/PBE Exam has two sections: Section A of the exam comprises 20 multiple choice questions of 2 marks each. Section B of the exam comprises three 10 mark questions and two 15 mark questions. The two 15 mark questions will come from working capital management, investment appraisal and business finance areas of the syllabus. The section A questions and the other questions in section B can cover any areas of the syllabus.
P1 Governance, Risk and Ethics 3hrs/PBE The examination paper will be structured in two sections. Section A will be based on a case study style question comprising a compulsory 50 mark question, with requirements based on several parts with all parts relating to the same case information. The case study will usually assess a range of subject areas across the syllabus and will require the candidate to demonstrate high-level capabilities to evaluate, relate and apply the information in the case study to several of the requirements.Section B comprises three questions of 25 marks each, of which candidates must answer two. These questions will be more likely to assess a range of discrete subject areas from the main syllabus section headings, but may require application, evaluation and the synthesis of information contained within short scenarios in which some requirements may need to be contextualised.
P2 Corporate Reporting 3hrs/PBE The examination paper will be structured in two sections. Section A will consist of one scenario based question worth 50 marks. It will deal with the preparation of consolidated financial statements including group statements of cash flows and with issues in financial reporting. Students will be required to answer two out of three questions. In Section B, has 3 questions out of which 2 have to be answered, they will be scenario or case-study based and one essay question which may have some computational element. Section B could deal with any aspects of the syllabus.
P3 Business Analysis 3hrs/PBE The examination paper will be structured in two sections. Section A contains one multi-part question based on a case study scenario. This question is worth 50 marks. Section B will consist of three discrete questions each worth 25 marks. Candidates must answer two questions from this section.
P4 Advanced Financial Management 3hrs/PBE The examination paper will be structured in two sections. Section A will contain a compulsory question, comprising of 50 marks. Section A will normally cover significant issues relevant to the senior financial manager or advisor and will be set in the form of a case study or scenario. Within this question candidates will be expected to provide answers in a specified form such as a short report or board memorandum commensurate with the professional level of the paper in part or whole of the question. In section B candidates will be asked to answer twofrom three questions, comprising of 25 marks each.Section B questions are designed to provide a morefocused test of the syllabus. Questions will normallycontain a mix of computational and discursiveelements, but may also be wholly discursive orevaluative where computations are alreadyprovided.
P5 Advanced Performance Management 3hrs/PBE The examination paper will be structured in two sections. Section A will contain one compulsory question comprising of 50 marks In section B candidates will be asked to answer two from three questions comprising of 25 marks each
P6 Advanced Taxation 3hrs/PBE + 15 mins of planning and reading. Section A consists of two compulsory questions. Question 1 has 35 marks, including 4 professional marks, and question 2 has 25 marks Section B consists of three 20-mark questions, two of which must be answered. Questions will be scenario based and will normally involve consideration of more than one tax, together with some elements of planning and the interaction of taxes. Computations will normally only be required in support of explanations or advice and not in isolation.
P7 Advanced Audit and Assurance 3hrs/PBE Section A questions will be based on case study type questions, there will be 2 compulsory questions. Different types of question will be encountered in Section B and will tend to be more focused on specific topics, for example auditor’s reports, quality control and topics of ISAs which are not examinable in Paper F8, Audit and Assurance. (This does not preclude these topics from appearing in Section A). Current issues will be examined across a number of questions.

Level

Exam

Sessions

Knowledge BT On-demand
Knowledge MA On-demand
Knowledge FA On-demand
Skills PM March, June, September and December
Skills FR March, June, September and December
Skills AA March, June, September and December
Skills FM March, June, September and December
Skills LW-BWA June and December
Skills LW-CYP June and December
Skills LW-ENG On-demand
Skills LW-GLO On-demand
Skills LW-HGK June and December
Skills LW-IRL June and December
Skills LW-MYS March, June, September and December
Skills LW-MLA June and December
Skills LW-RUS June and December
Skills LW-SGP March, June, September and December
Skills LW-VNM June and December
Skills LW-ZAF June and December
Skills LW-ZWE June and December
Skills TX-BWA June and December
Skills TX-CHN June and December
Skills TX-CYP June and December
Skills TX-CZE June and December
Skills TX-HKG March, June, September and December
Skills TX-HUN June and December
Skills TX-IRL June and December
Skills TX-LSO June and December
Skills TX-MWI June and December
Skills TX-MYS March, June, September and December
Skills TX-MLA June and December
Skills TX-PKN June and December
Skills TX-POL June and December
Skills TX-ROM June and December
Skills TX-RUS June and December
Skills TX-SGP March, June, September and December
Skills TX-UK March, June, September and December
Skills TX-VNM June and December
Skills TX-ZAF June and December
Skills TX-ZWE June and December
Professional SBL March, June, September and December
Professional AFM March, June, September and December
Professional APM March, June, September and December
Professional ATX-CYP June and December
Professional ATX-HKG June and December
Professional ATX-IRL June and December
Professional ATX-MYS March, June, September and December
Professional ATX-MLA June and December
Professional ATX-SGP June and December
Professional ATX-UK March, June, September and December
Professional ATX-ZAF June and December
Professional AAA-INT March, June, September and December
Professional AAA-IRL March, June, September and December
Professional AAA-SGP March, June, September and December
Professional AAA-UK March, June, September and December

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Hey there! Welcome back again. Let me begin by asking you a very simple question which is, did you know Read More
07, Jan 2022
Does Digital Marketing Have a Great Future Ahead?
Why Digital Marketing course is trending and has so much demand? What topics are covered under the Digital Marketing course syllabus? Is Digital Marketing Read More
06, Jan 2022
What are the Benefits of Pursuing FRM Course(GARP)?
You must have heard about the term FRM or Financial Risk Manager several times, but ever wondered what exactly is FRM, how Read More
05, Jan 2022
What is the Syllabus for CPA Course? Is it the Same as CA or Different?
Hello there! Welcome back again. Are your curious minds also wondering whether the syllabus for the US CPA course is similar to Read More
04, Jan 2022
What are The Top Skills a Commerce Student Must Have?
Hey there! So good to have you back again. Did you know companies are more inclined towards selecting candidates who Read More
03, Jan 2022
What are the Benefits of Learning Financial Modeling?
Do you ever wonder what does a Financial Modeler do? Some of you might also want to become a successful Read More
21, Oct 2021
What is the difference between ACCA and CPA?
Accounting is a field that has endless job opportunities. It is the backbone of an organization. Be it any industry, Read More
21, Sep 2021
5 Reasons why you should pursue the CPA course after CA
CPA course, also known as Certified Public Accountant (CPA), is a globally recognized designation and is the highest standard of Read More
21, Oct 2020
How Opting for Full-Time Level I CFA Course Gives You an Edge Over Others
Chartered Financial Analyst (CFA course) is one of the most in-demand certifications in the field of finance and provides lucrative Read More
22, Aug 2020
A Complete Guide on ACCA Course Eligibility, Duration, Registration, Fees, Etc.
Why the ACCA course? ACCA is a global professional accounting body offering the Chartered Certified Accountant qualification (ACCA) and is Read More
17, Aug 2020
CPA Exam Registrations and Scheduling in India
CPA Exam Registration CPA stands for Certified Public Accountant and is one of the major certification courses in the field Read More
18, May 2020
What is Soft Skill Training ?
What is Soft Skill Training With the evolution of the business and client servicing industry, soft skills have started gaining Read More
03, Oct 2019
What is Finance: Types of Finance and Financial Instruments?
Finance is a major and vast topic to cover. Accounting and Finance are often used together, and some even deem Read More
10, Sep 2019
All you want to know about Chartered Accountant (CA)
Here's what you need to get started with the Chartered Accountant (CA) course Chartered Accountant is an honorable designation that Read More
03, Jul 2019
Soft Skills For The Hard World
Soft Skills Training - Reality Check: Whether we'™re talking in a team meeting or presenting in front of an audience, Read More
26, May 2019
What is the Importance Of Relative Valuation
Relative Valuation Generally speaking, ‘valuation’ can be defined as the process for finding the ‘value’ of anything. In the world Read More
19, May 2019
Ratio Analysis – Ratios Formulae
Ratio analysis'”the foundation of fundamental analysis'”helps to gain a deeper insight into the financial health and the current and probable Read More
20, Apr 2019
Excel Tricks: Text Functions in Excel
How to use Text Functions in Excel   Excel is mostly about the numerical data, but at times you can Read More
10, Apr 2019
Explore the Top 12 Opportunities Which Will Take Your Career to the Next Levet [2020 – 2021]]
While writing the last paper of your final B.Com exam, a plethora of thoughts go through your mind. A lot Read More
28, Oct 2018
Top 10 Accounting Firms
Over the years, the way of doing business has changed significantly. There are a number of factors which have contributed Read More
10, Oct 2018
Everything you want to know about the CMA certification
CMA Full Form: Certified Management Accountant (CMA) Going for the CMA certification is a great career move, especially when you Read More
06, Aug 2018
SAP certification – examination, eligibility and benefits
SAP certification help validate the expertise and experience of SAP partners, software users, customers and professionals who are looking to Read More
03, Aug 2018
Root Cause Analysis
As the name suggests, Root Cause Analysis deals with identifying the origin of a problem and finding a solution for Read More
26, Jun 2018
Principles and Fundamental Concepts of Basic accounting
Accounting is extremely popular as the language of business language. Through this language, it is easy to analyze the financial Read More
04, Jun 2018
Know how to understand and interpret cash flow statement
A cash flow statement is essential to any business as it can be the basis of budgeting by assessing the Read More
29, Mar 2018
All you want to know about Sensitivity Analysis
What is Sensitivity Analysis? The technique used to determine how independent variable values will impact a particular dependent variable under Read More
24, Mar 2018
ACCA Full Form
ACCA - Association of Chartered Certified Accountants The role of strategic academic guidance in the life of a student is Read More
25, Feb 2018
Finding and Removing Duplicates in Excel
Did you ever come across a situation wherein, you see a lot of copied data or duplicates in excel and Read More
07, Feb 2018
Capital Budgeting: Techniques & Importance
In our last article, we talked about the Basics of Capital Budgeting, which covered the meaning, features and Capital Budgeting Read More
14, Jan 2018
Importance of Business Accounting for enterprises
Introduction: Importance of Accounting to your business The term Accounting is a very common one and we hear about the Read More
11, Jan 2018
Amalgamation Explained in detail
What is Amalgamation? Amalgamation is defined as the combination of one or more companies into a new entity. It includes: Read More
08, Jan 2018
Working Capital Management
What is Working Capital Management? Traditionally, investors, creditors and bankers have considered working capital as a critical element to watch, Read More
30, Dec 2017
Statistical Functions in Excel
People usually have love-hate relationship with statistics. When you get your formulas right you are in love with it and Read More
07, Dec 2017
Venture Capital
What is Venture Capital? It is a private or institutional investment made into early-stage / start-up companies (new ventures). As Read More
02, Dec 2017
Financial Reporting
In any industry, whether manufacturing or service, we have multiple departments, which function day in day out to achieve organizational Read More
09, Nov 2017
Cell References in Excel
While using excel, there may be times when you want to keep the values same while copying formulas. This can Read More
24, Sep 2017
Costing Methods & Important Cost Terms
Costs can be simply defined as the money or resources associated with a purchase / business transaction or any other Read More
25, Aug 2017
Balance sheet explained in detail
What is Balance Sheet? A balance sheet (also called the statement of financial position), can be defined as a statement Read More
15, Jul 2017
Cash Flow Statement
CASH IS KING;is a known fact, that it is the basis of any business. No bills, employees or for that Read More
08, Jul 2017
What are the career options after Mcom
Master of Commerce or M Com is a postgraduate Master Degree which specializes in commerce, accounting, management and economics related Read More
07, Jun 2017
What is Standard Deviation?
Standard Deviation Definition Standard Deviation is a statistical term used to measure the amount of variability or dispersion around an Read More
21, Apr 2017
Know how effective is CMA course compared to MBA in providing a dream job
There are various industries and sectors out there where you can grow and enhance your career. Management, Accounting, Finance, Engineering, Read More
02, Mar 2017
ACCA Exam Structure and Pattern
ACCA doesn't have a single definite pattern for all of its exams. Broadly the entire ACCA Exam Structure and Pattern Read More
22, Feb 2017
Comparison of CPA course with other courses
The Accounting industry offers you various opportunities to learn via various courses. You can choose which one suits your academic Read More
08, Feb 2017
Advantages and Application Process of FRM
FRM (Financial Risk Manager) Certification gives you a distinctive edge from the other risk management professionals operating in the Finance Read More
03, Jan 2017
An insight into OTC Derivatives
What is Derivatives? Derivatives are defined as the type of security in which the price of the security depends/is derived Read More
03, Oct 2016
CPA Course Syllabus – Topics and Importance
A CPA requires a broad spectrum of knowledge and proficiency in it. The purpose of CPA exam syllabus is to Read More
07, Jun 2016
CFA® Study Planner
Most of the CFA® pursuers believe that CFA® Program tests are very difficult and arduous but that is not the Read More
03, Jun 2016
CPA Course details, application fees and benefits of doing it
A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The Read More
31, May 2016
All Important About CFA® LEVEL 1 Syllabus
CFA® charter is one of the most exalted credentials of those who work in the financial sector or who make Read More
18, Jan 2016
All about Portfolio Management
What is a Portfolio? A portfolio can be defined as different investments tools namely stocks, shares, mutual funds, bonds, cash Read More
25, Nov 2015
Cost Management: Meaning, Techniques & Advantages
What is Cost? Cost is defined as the monetary valuation of effort, material, resources, time consumed, risk and opportunity forgone Read More
19, Oct 2015
How to get into Big 4 Accounting Firms?
We all have some career objectives and aspirations. For higher studies like MBA, CA, CPA, ACCA, CFA etc. one has Read More
13, Oct 2015
FRM Question Bank
For every exam, time management is very important and everyone wants a precise course content in a prioritized manner along Read More
29, Sep 2015
Top 10 Companies that hire CFA® Charterholders
A lot of hardwork and investment is required to prefix the words CFA® Program before your name and time and Read More
18, Aug 2015
Income Statement in detail
WHAT IS INCOME STATEMENT? The income statement is one of the important primary financial statements provided by organizations. It presents Read More
12, Aug 2015
KPIs for Business Analysts
A business analyst's role in an IT project is to ensure that all requirements of the client are captured and Read More
03, Aug 2015
Annual Report
What is an Annual Report: The single source of getting information about any company whether it is the past or Read More
01, Jul 2015
Capital Budgeting
WHAT IS CAPITAL BUDGETING? Capital budgeting is a company’s formal process used for evaluating potential expenditures or investments that are Read More
16, Jun 2015
Mergers and Acquisitions
What is Mergers & Acquisitions? Mergers and acquisitions (M&A) are defined as consolidation of companies. Differentiating the two terms, Mergers Read More
15, Jun 2015
Detecting Multicollinearity
"In my previous blog “ How to deal with Multicollinearity ”, I theoretically discussed about definition of multicollinearity and what Read More
26, May 2015
Analysis of Financial Statement of a Company
One of the major aspects while taking a right investment decision is to analyze the financial statements of any company. Read More
24, Mar 2015
8 Excel functions that every Data Analyst must know
Are you a data analyst or looking for a career as a data analyst??? Well then, today's article is dedicated Read More
24, Mar 2015
Duckworth-Lewis Method
Duckworth-Lewis method(D/L method) is a mathematical function defined to set and calculate the target score for the team batting second Read More
28, Feb 2015
6 Most Common Excel Errors
Hashtags look cool when seen on Twitter or Facebook but as soon as they start appearing in Excel sheet, you Read More
23, Feb 2015
Rule Precedence in Conditional Formatting
Conditional Formatting in Excel makes the things easier and user friendly, but at times it may also make it quite Read More
10, Dec 2014
Types of Investment Banking jobs
Investment banking is one of the most attractive industry to work in. not only for people with formal education in Read More
29, Aug 2014
FRM Part 1 syllabus
Shut your doors, drop the drapes on your windows and don't bother looking at the clock because it's always the Read More
20, Aug 2014
Ratio Analysis – Introduction
Introduction The term 'ratio analysis'refers to the analysis of the financial statements in conjunction with the interpretations of financial results Read More
20, Aug 2014
Ratio Analysis – Classification of ratios and Liquidity Ratio
In our previous blog post we discussed ratio analysis. In this blog post we will explain classification of ratios and Read More
23, May 2014
Bootstrapping Solution
What is the Bootstrapping method? Bootstrapping is a method for constructing a zero-coupon yield curve from the prices of a Read More
13, Nov 2013
Dell’s Leveraged Buyout: A Real-life Case Study
Acquisitions Acquisitions or takeovers are a transaction or process wherein one company (commonly called as acquirer) or an investor acquires Read More
08, Aug 2013
Cash Flow Statement: Learn to create Cash Flow Statement Template in Excel
What is a Cash Flow Statement? In financial accounting, a Cash Flow Statement, also known as Statement of Cash Flow, Read More
07, Feb 2010
CFA® Program from ICFAI (India) Vs CFA® Program from CFAI (US)
You have decided that you are going to pursue CFA & reg; but now the question that arises is, whether Read More