The Qualification summary
In order to qualify as an ACCA member, any individual registering on the ACCA Qualification will need to complete:
* 14 exams (9 of which are eligible for exemption)
* 3 years relevant practical experience (which you can obtain during or after completing the examinations, in any business sector, in any size or type of business.)
* Complete an online Professional Ethics module
List of ACCA Exams
The exams have to be taken in the following order:
Knowledge Skills Essentials Options
FUNDAMENTALS (nine papers in total)
Knowledge Module
F1 Accountant in Business (AB)
F2 Management Accounting (MA)
F3 Financial Accounting (FA)
Skills Module
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 in total)
Essentials Module (all 3 papers)
P1 Professional Accountant (PA)
P2 Corporate Reporting (CR)
P3 Business Analysis (BA)
Options (only 2 papers)
P4 Advanced Financial Management (AFM)
P5 Advanced Performance Management (APM)
P6 Advanced Taxation (ATX)
P7 Advanced Audit and Assurance (AAA)
Graduates with a degree in finance or accounting are usually exempt from the first 3 papers and may well be exempted from sitting other papers also.
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