The ACCA (Association of Chartered Certified Accountants) course, is a professional qualification, globally recognized in more than 180 countries, having its primary base in UK. It focuses on accounting and finance. It covers key topics like financial management, performance management, audit & assurance, and taxation across multiple levels.
Watch our You tube video which is a comprehensive guide for ACCA!
The ACCA exams consist of three levels: Applied Knowledge, Applied Skills, and Strategic Professional.
There are in total 13 papers spread acroos these 3 levels.
These exams are a mix of multiple-choice questions, objective test questions, and longer form questions that assess both your technical knowledge and professional skills. The exams are designed to be practical and relevant to real-world business scenarios.
Watch these youtube videos to know about each level in detail!
Knowledge level : https://www.youtube.com/watch?v=3rIoupb4kDw
Skill level : https://www.youtube.com/watch?v=1gtZ16bI3x0&t=4s
Professional level : https://www.youtube.com/watch?v=9kCEOU3v9OA&t=40s
“The ACCA course is a globally recognized qualification, ideal for individuals aiming to excel in the fields of accounting and finance. It caters to:
1. Aspiring Finance Professionals: Those pursuing careers in accounting, and finance, or those who want to join multinational corporations.
2. Career-Driven Individuals: Professionals seeking to upskill, develop strategic and technical expertise, and take on leadership roles.
3 . Entrepreneurs and Business Owners: Individuals looking to build a strong financial foundation, enhance financial management skills, or establish accounting and advisory firms.
With ACCA, you can get into areas like Audit, Tax, Management consulting, Forensic accounting, Financial accounting, and Management accounting, and also work for the finance department of Indian and International companies.
If this is your area of interest, then ACCA is a good option for you.”
For more details, you can visit our website: What is Acca and call us on: +91 7710044425
The ACCA course has a significant scope in India, offering numerous career opportunities and benefits:
Job Opportunities:
1. Big 4 Firms: ACCA qualified individuals get easily placed at Big 4 companies like EY, PwC, Deloitte, and KPMG in the audit and tax domain.
2. MNCs: Multinational corporations including Tata Grant Thornton, Embassy Group, and Pepsico as well recruit ACCA India professionals due to their knowledge of IFRS and international standards.
3. Other Industries: Accenture, HSBC, and Shalimar Paints also do look for accountants having ACCA certification.
Career Paths:
1. Internal Auditor
2. Management accountant
3. Tax Consultant
4. Business consultant
5. Corporate finance expert
6. Subject matter experts
7. Financial planner/advisors
In addition, they can also enter the field of risk management.
Although they cannot have an audit practice in India, and cannot sign reports, they can certainly be a part of the audit team to help with audit procedures, the Big 4s specially hire ACCAs for this role.
For more details, you can visit our website: What is Acca and call us on: +91 7710044425
The timeline to clear the ACCA course depends on how many exams the student has to give.
Since there are exemptions awarded based on the highest qualification the student holds, a student may get a maximum of 9 exemptions out of the 13 papers of the ACCA exam.
If someone starting his journey from Knowledge level and has to appear for 13 papers, he/she will take approx. 3 to 4 years to complete ACCA, while someone appearing directly for the Applied Skill Level may take 2 to 3 years and if someone only has to give 4 papers of the Strategic Professional Level they may complete the exams in 1 to 2 years.
Watch our You tube video below, to know more about the subjects and 13 papers of the ACCA exam!
https://www.youtube.com/watch?v=y3OJOEPuyOk&t=86s
Yes, you can definitely work and study for the ACCA course simultaneously. The ACCA qualification is designed to be flexible, allowing you to balance your work and study commitments.
Here’s a breakdown of how you can manage your work and study effectively:
1. While pursuing Skill Level:
Job Opportunities:
Once you have completed the knowledge level, you have strong basics of Financial accounting, Management accounting and some exposure to basics of business. With these skills, you can look for internship roles in the fields of accounting, audit, and tax with SMEs or even Practicing chartered accountants.
While studying for your skill level, you can even leverage the knowledge you obtain into exploring entry-level finance and accounting roles in various industries.
These opportunities will give you exposure to various fields and many networking opportunities to enhance your career at a later stage.
Internships are generally part-time and hence you will be easily able to manage your workload as well as prepare for your exams simultaneously.
To know more about skill level in detail, you can also watch our you tube video : https://www.youtube.com/watch?v=1gtZ16bI3x0&t=15s
2. While pursuing Professional Level:
Job Opportunities:
Once you have completed your skill level exams or just have 1-2 exams remaining, you will have gained in-depth knowledge of Management accounting, IFRS, Taxation laws, Audit, and even Financial management. These skills are favorably looked upon by employers especially MNCs and the Big 4s.
You become more employable after completing the skill level even though you have not completed ACCA yet. When you out of an internship role, into a full-time role, it is difficult to manage time, but then it becomes important to show perseverance and have a specified timetable so that you are able to complete the ACCA course. This is where a coaching institute can help you stay on track achieve your goals and pass the ACCA exam even alongside a job.
To know more about professional level, you can also watch our you tube video : https://www.youtube.com/watch?v=9kCEOU3v9OA&t=83s
For more details, you can visit our website: What is Acca and call us on: +91 7710044425
The ACCA course has various fees involved right from the start of the journey till becoming a ACCA Affliate or a Member, the fees is as follows:
1. Initial Registration Fees – 30 GBP
2. Annual Subscription fees – 137 GBP as per year 2025
3. Exemption fees – Depending upon the number of papers you get exempted but varies between 84 GBP to 115 GBP per paper.
4. Exam Fees – Varies from level to level but ranges between 85 GBP to 255 GBP
5. Training fees – Depends on the training Institute you decide to start the preparation. Below is the link to check out the fees as mentioned above. https://www.accaglobal.com/gb/en/qualifications/accountancy-career/fees/fees-charges-india.html?countrycode=India
On enrolling with Proschool, because we are gold training partners of ACCA, our students get 80-82% discounts on the exemption fees and even get discounts on the registeration fees.
For more details, you can watch our youtube video https://www.youtube.com/watch?v=noYHttW2E2U&t=914s
Or visit our website
https://proschoolonline.com/acca-course/what-is-acca
Or Call/Whatsapp on +91 7710044425
Yes, candidates get an exemption for certain papers and levels on the basis of their existing qualifications.
In ACCA a maximum of 9 exemptions can be availed subject to certain conditions.
In case you plan of claiming exemptions based on a course completed many years ago, ACCA suggests to not claim such exemptions and take all of the 13 papers. You can refer the link below to check how many exemptions you can claim as per ACCA.
ACCA Exemption calculator: https://www.accaglobal.com/in/en/help/exemptions-calculator.html
To know more about ACCA exemptions you can watch this video https://www.youtube.com/watch?v=T7C6Ej099l4&t=139s
Or visit our website
https://proschoolonline.com/acca-course/what-is-acca
Or Call/Whatsapp on +91 7710044425
Since the eligibility for ACCA is 10+2, you can start pursuing the ACCA qualification right after your 12th standard.
You can pursue the ACCA course along with graduation, wherein under the new Central and State University act, student pursuing BCOM can get the exemption benefits and start their journey from Skill Level. The student can be awarded with 5 exemptions if they are pursuing or have completed graduation.
To know how many exemptions you can get while pursuing graduation from your particular University/ College, you can use the exemptions calculator below
ACCA Exemption calculator: https://www.accaglobal.com/in/en/help/exemptions-calculator.html
For further guidance you can also:
Visit our website
https://proschoolonline.com/acca-course/what-is-acca
Or Call/Whatsapp on +91 7710044425
On Completion of Knowledge level : You can earn the Diploma in Accounting and Business
On Completion of Skill level: You can earn an Advanced Diploma in Accounting and Business Certificate.
Once you complete the Professional Level, you become an ACCA affiliate and thereafter once you complete the PER and Ethics module, you may apply for ACCA membership.
For further guidance you can also:
Visit our website
https://proschoolonline.com/acca-course/what-is-acca
Or Call/Whatsapp on +91 7710044425
To appear for the ACCA course examination, a candidate should have:
1. Qualified the 10+2 exams (12th)
2. Have an aggregate of 65% in Mathematics/Accounts and English and a minimum of 50% in other subjects
You can also watch this video for more info : https://www.instagram.com/reel/C6D8zrXiHmZ/?igsh=djV2NHVoZGtxM2Jr
ACCA course exams are held 4 times a year – March, June, September, December.
Candidates can appear for a maximum of four exams per attempt and a maximum of eight exams per year.
For more information you can also visit the ACCA website :
https://www.accaglobal.com/in/en.html
The ACCA course has 13 papers which are divided into 3 level and below is the subject breakdown :
Knowledge Level
1. Business and Technology (BT)
2. Management Accounting (MA)
3. Financial Accounting (FA)
Skill Level
4. Corporate and Business Law (LW)
5. Performance Management (PM)
6. Taxation (TX)
7. Financial Reporting (FR)
8. Audit and Assurance (AA)
9. Financial Management (FM)
Professional Level
10. SBL – Strategic Business Leader
11. SBR – Strategic Business Reporting
and 2 out of the following 4 :
Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)
You can also go check out our you tube video for more details on these subjects :
https://www.youtube.com/watch?v=y3OJOEPuyOk&t=86s
The speed at which an individual completes the ACCA qualification can vary based on prior qualifications, exemptions availed, and individual commitment.
ACCA provides flexibility with its quarterly exam schedule. The duration can range from 6 months to 3 years, depending on your highest educational degree, because that would assist you in getting certain exemptions, and the more number of exemptions you have, the lesser time it will take you to complete ACCA!
A candidate must have 36 months of training in ACCA. Ideally,
you should have a job where most of your time is spent on
activities and tasks related to accounting, finance, audit and
assurance, or in other related technical areas such as taxation,
insolvency, and forensic accounting.
Only after completing PER and the Ethics module, can you apply for your membership.
Completing 3 E’s of ACCA, namely Exams, EPSM and Experience makes you an ACCA member. Once you complete the ACCA exams you become an ACCA affiliate and post the EPSM and PER, you get the member status.
On more details on an ACCA Member VS ACCA Affiliate you can watch our Youtube video:
https://www.youtube.com/watch?v=31Fc0uWSFXg&t=25s
No, ACCA is completely flexible. You can appear for any paper within the level in any sequence.
However the maximum number of papers you can appear for, in a single attempt is 4, but they can be attempted in any order.
For example, if you want to appear for the skill level exams in December, since law is held on demand, you can only appear for 4 out of 5 papers in December, and would have to postpone remaining papers to the next cycle. You would not be able to attempt all 5 in the December window. But which 4, is completely your choice.
No there is no aggregation/grouping in ACCA. Students need to score 50% in each paper to pass.
ACCA has established mutual acknowledgment agreements with several key prestigious global accountancy bodies due to its recognisation in more than 180+ countires
1. The Certified General Accountants Association of Canada
2. The Hong Kong Institute of Certified Public Accountants
3. The Malaysian Institute of Certified Public Accountants
4. UAE– AAA (Accountants and Auditors Association)
5. CA Australia and New Zealand
These agreements provide inexpensive routes for ACCA members to become a member of their bodies and appreciate the services that local organizations can offer.
To become an ACCA professional, score at least 50 out of 100 for each paper. The total marks for each exam may differ, but the passing requirement stays the same.
Yes, you can make the following changes to an existing exam entry up to the standard entry deadline via the exam planner by selecting to either:
1. Cancel
2. Change the time, location or variant
3. Switch to a remote based exam
4. Enter for more exams.
If you wish to change your exam date from one session to another, you can cancel your booking from exam planner by selecting the amend option up to the standard entry deadline.
Amending an exam which is already confirmed, up to the standard entry deadline does not incur additional fees or charges. You may incur charges after that.
Getting an exemption in ACCA is like recognizing your hard work and achievements in your studies prior to joining the ACCA program.
Suppose you’ve completed specific qualifications, like B. Com, BBA, M. Com, MBA, or you are a Chartered Accountant, US CPA etc., ACCA gives you a nod of approval by exempting you from specific papers.
It’s like a shortcut on your journey to becoming an ACCA member – no need to sweat over thorough exams, saving you time and effort. The number of exemptions depends on what you’ve studied before and how well you’ve covered the subjects.
You can only expect to get some papers exempted from the ACCA curriculum. The number of exemptions start from 3, and one can get up to 9 exemptions based on their qualifications before attempting the ACCA exams.
This means, no matter what your prior qualification is, you still have to appear for 4 exams of the professional level. So unfortunately, you cannot have all papers exempted.
There are no age restrictions to enrol for ACCA. Those who fit the conditions for admittance are welcome to apply, regardless of age. If you are under 16 (or under 18 and live in Kenya, Malaysia, or the Philippines), you must upload a signed parental consent form.
Although there is no age restriction, you must fullfill the eligibility criteria, that is passing 12th grade.
The best paper according to us, to study along with MA would be PM. Only reason we would suggest PM because PM builds upon the contents of MA, think of it like the big brother of MA, though will say, PM is definitely one of the more trickier subjects of the skill level, so proceed with caution, but because of the similarity in concepts, and MA as a base, it is the most logical next step.
Another option you should consider would be to take LW, since it is mostly of the same pattern as MA, MCQ and on demand, you might be able to cover up quickly without wasting a lot of time and get one more paper out of your way, make sure to practice and give mocks!
While it’s theoretically possible to prepare for and pass the FFA exam in a month, it’s a challenging task, especially if you’re juggling other commitments. However, with diligent effort and effective study strategies, it’s not impossible.
Key Topics to Focus On:
Financial Statements:
Understanding the components of financial statements (income statement, balance sheet, cash flow statement)
Analyzing and interpreting financial statements
Identifying financial ratios and their significance
Group Accounts:
Consolidation techniques (purchase method, pooling of interests)
Intragroup transactions and adjustments
Non-controlling interests
Impairment:
Impairment of assets (goodwill, property, plant, and equipment, intangible assets)
Impairment review procedures
Foreign Currency Transactions:
Accounting for foreign currency transactions and translation
Functional and presentation currency
Financial Instruments:
Classification and measurement of financial instruments
Hedge accounting
Revenue Recognition:
Revenue recognition principles (IFRS 15)
Contract modifications and performance obligations
Leases:
Accounting for leases (IFRS 16)
Classification of leases as finance or operating leases
Study Materials:
BPP and Kaplan: Both BPP and Kaplan are well-regarded study providers for ACCA. They offer comprehensive study materials, including textbooks, practice questions, and mock exams.
ACCA Study Hub: The ACCA Study Hub provides free study resources, including technical articles, practice questions, and past exam papers. It can be a valuable supplement to your studies, but it may not be sufficient on its own for in-depth understanding and practice.
Yes, solving OpenTuition questions can be a valuable part of your last-minute preparation for ACCA exams.
While they’re a great resource for understanding concepts and practicing questions, it’s important to combine them with other study materials to ensure comprehensive coverage.
Here’s a suggested approach for your final month:
Review Core Concepts:
Revisit the key topics, especially those you find challenging.
Use the ACCA Study Hub or your preferred textbook to solidify your understanding.
Practice, Practice, Practice:
Prioritize BPP or Kaplan Questions: These are often considered more exam-standard and can help you get accustomed to the exam format and difficulty level.
Use OpenTuition Questions as Supplementary: These can provide additional practice, particularly for topics where you need more exposure.
Focus on Weak Areas: Identify your weaker areas and dedicate more time to practice questions on those topics.
Time Management:
Practice answering questions within the allotted time to improve your efficiency.
Use past exam papers to simulate exam conditions.
Mock Exams:
Take as many mock exams as possible to assess your readiness and identify areas for improvement.
Analyze your performance in mock exams to pinpoint weaknesses and focus on them.
Seek Clarification:
Don’t hesitate to ask questions on forums like Reddit’s r/ACCA or consult with tutors or fellow students.
Understanding concepts thoroughly is crucial for success.
Remember:
Quality Over Quantity: Focus on quality practice rather than quantity.
Consistent Study: Dedicate consistent study hours to maintain momentum.
Positive Mindset: Believe in yourself and stay positive.
Yes, combining ATX with AFM is an excellent choice if you’re aiming for a career in taxation.
Here’s a breakdown of why:
ATX (Advanced Taxation):
Directly focuses on advanced tax principles, including corporate tax, personal tax, indirect taxes, and international tax.
Provides in-depth knowledge and skills essential for a taxation career.
AFM (Advanced Financial Management):
While not directly related to taxation, AFM covers topics like financial analysis, investment appraisal, risk management, and corporate finance.
These skills are highly valuable for tax professionals, especially when dealing with complex tax structures and financial transactions.
Why AFM Complements ATX:
Broader Financial Perspective: AFM provides a broader financial perspective, which is crucial for understanding the economic and financial implications of tax decisions.
Enhanced Analytical Skills: The analytical skills developed through AFM can be applied to complex tax problems.
Career Opportunities: A combination of ATX and AFM can open doors to a wide range of career opportunities, including tax advisory, tax compliance, and tax consulting roles.
However, ofcourse at the end it is your choice, also remember, you have the liberty of choosing the subjects, so also keep in mind your aptitude and what you are good at along with what you like to make the best decision.
You need to purchase the new version which will be applicable till June 2025 or you can always refer to ACCA Study hub for latest content and exam preparation. ACCA keeps updating their material so it is always best to use the latest one. You do not want to use material for 2021 in 2025 as many changes would have taken place in this time period.
The decision to pursue ACCA directly after A-levels or to first obtain a bachelor’s degree in accounting and finance is a significant one. Both paths have their own advantages and disadvantages, and the best choice for you will depend on your individual circumstances and career goals.
A. ACCA Directly After A-Levels:
1. Advantages:
a. Early Career Start: You can start your professional journey earlier.
b. Global Recognition: ACCA is a globally recognized qualification, opening doors to international opportunities.
c. Practical Focus: ACCA’s practical approach can prepare you for real-world challenges.
2. Disadvantages:
a. Academic Foundation: While ACCA provides a strong foundation, a bachelor’s degree can offer a broader academic perspective.
b. Potential Challenges: Directly tackling ACCA after A-levels can be demanding, requiring strong self-discipline and time management skills.
B. Bachelor’s Degree First, Then ACCA:
1. Advantages:
a. Strong Academic Foundation: A bachelor’s degree provides a solid academic foundation, which can be beneficial for your career.
b. Easier Transition: Studying for ACCA after a bachelor’s degree might be less intense.
c. Potential for Exemptions: Depending on your degree, you might be eligible for exemptions from certain ACCA exams.
2. Disadvantages:
a. Delayed Career Start: You’ll start your professional career later.
b. Additional Costs: Pursuing a bachelor’s degree involves additional costs and time.
C. Hybrid Approach:
a. Studying ACCA Alongside a Degree: This approach can help you balance academic and professional development.
b. Potential for Exemptions: You might be eligible for exemptions from certain ACCA exams based on your degree coursework.
In the Professional level exams, you’ll encounter case studies. They check if you can apply what you have learned to real-world situations. It’s all about testing your analytical and problem-solving skills.
For more info on the Professional level, you can watch our Youtube video:
https://www.youtube.com/watch?v=9kCEOU3v9OA&t=156s