There is a total of 14 examinations to be completed. The "Fundamentals Level" includes nine examinations and the "Professional Level" includes five examinations.
All papers in the "Fundamentals level" are available for exemption.
The "Fundamentals Level" is divided into two modules:
The Knowledge module:
It consists of three papers, and introduces students to the core areas of financial and management accounting.
The Skills module:
It consists of six exams, which comprehensively cover the main technical areas that any accountant needs.
The "Professional Level" assesses the more advanced and sophisticated techniques that a professional needs, in order to specialise in specific areas at work, or to follow as a career pathway in an advisory or consultancy role. This level is also divided into two modules:
Essentials module
Options module
The examinations are as follows:
Fundamentals (nine papers, attempted during the 1st and 2nd year)
Knowledge
- F1 Accountant in Business (AB)
- F2 Management Accounting (MA)
- F3 Financial Accounting (FA)
Skills
- F4 Corporate and Business Law (CL)
- F5 Performance Management (PM)
- F6 Taxation (TX)
- F7 Financial Reporting (FR)
- F8 Audit and Assurance (AA)
- F9 Financial Management (FM)
Professional (five papers, attempted during the 3rd year)
Essentials
- P1 Professional Accountant (PA)
- P2 Corporate Reporting (CR)
- P3 Business Analysis (BA)
Options (two to be completed)
- P4 Advanced Financial Management (AFM)
- P5 Advanced Performance Management (APM)
- P6 Advanced Taxation (ATX)
- P7 Advanced Audit and Assurance (AAA)
More information on the examinations of the Association of Chartered Certified Accountants can be found on www.accaglobal.com.
