ACCA exam resources
ACCA exam resources: About the organisation- Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.
The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.
Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.
The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.
ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.
ACCA exam resources
ACCA exam resources: AIM
To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.
The syllabus for FAB/F1, Accountant in Business introduces students who may not have a business background, to the business, which as an entity is made up of people and systems which interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors.
The syllabus then examines the structure and functions of business, focusing on corporate governance and the specific accounting related roles in this process, particularly in financial reporting, assurance, control and compliance. The syllabus then introduces key leadership, management and people issues such as effective individual and team behaviour, motivation and personal effectiveness. The final section of the syllabus examines how behaviour at all levels within business should be underpinned by accepted professional ethics and professional values.
ACCA exam resources: MAIN CAPABILITIES
On successful completion of this paper, candidates should be able to:
A) Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
B) Understand business organisation structure, functions and the role of corporate governance.
C) Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance.
D) Recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed.
E) Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour. F Recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values.
ACCA exam resources: Exam Regulations
- All modules must be sat in order
- Maximum of four papers to be taken in one sitting
- Papers within a module may be sat in any order but ACCA recommends that they should be sat in numerical order
- Papers from a variety of levels may be sat at any one time. i.e. Knowledge and Skills or Skills and Essentials
- The three Essentials ACCA papers do not have to be sat together
- Students have 10 years to pass all the examinations. From early 2016 students will have 7 years to pass the exams at Professional level (P1, P2 and P3 and two of the options paper P4-P7). The 7 year time limit starts when a student passes their first Professional level exam.
- The pass mark for all examinations is 50%
- In addition to the above 14 papers, students are required to study and sit an on-line module in Professional ethics. It is recommended that this is studied at the same time as P1
- Practical experience required
ACCA exam resources: DETAILED SYLLABUS
A)The business organisation, its stakeholders and the external environment
1. The purpose and types of business organisation
2. Stakeholders in business organisations
3. Political and legal factors affecting business
4. Macroeconomic factors
5. Micro economic factors
6. Social and demographic factors
7. Technological factors
8. Environmental factors
9. Competitive factors
B) Business organisational structure, functions and governance
1. The formal and informal business organisation
2. Business organisational structure and design
3. Organisational culture in business
4. Committees in business organisations
5. Governance and social responsibility in business
C) Accounting and reporting systems, controls and compliance
1. The relationship between accounting and other business functions
2. Accounting and finance functions within business organisations
3. Principles of law and regulation governing accounting and auditing
4. The sources and purpose of internal and external financial information, provided by business
5. Financial systems, procedures and related IT applications
6. Internal controls, authorisation, security of data and compliance within business
7. Fraud and fraudulent behaviour and their prevention in business, including money laundering.
D) Leading and managing individuals and teams
1. Leadership, management and supervision
2. Recruitment and selection of employees
3. Individual and group behaviour in business organisations
4. Team formation, development and management
5. Motivating individuals and groups
6. Learning and training at work
7. Review and appraisal of individual performance.
E) Personal effectiveness and communication
1. Personal effectiveness techniques
2. Consequences of ineffectiveness at work
3. Competence frameworks and personal
4. Sources of conflicts and techniques for conflict resolution and referral
5. Communicating in business.
F) Professional ethics in accounting and business
1. Fundamental principles of ethical behaviour
2. The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
3. Corporate codes of ethics
4. Ethical conflicts and dilemmas.
ACCA exam resources
This module, which includes papers F1 to F3, is the starting point on your way to achieving your ACCA qualification. Once you’ve passed all 3 papers, you can continue on to the ACCA Skills module.
|F1||AB||Accountant in Business|
Comprising modules F4 to F9, this module examines the principle technical subjects that you’re expected to have an advanced understanding of. These subjects include law, taxation, auditing and financial management, financial reporting and performance management. You will develop knowledge and skills in these subject areas, reaching a level of knowledge equivalent to a Bachelor’s degree.
|F4||CL||Corporate and Business Law|
|F8||AA||Audit & Assurance|
This module is called Essentials as it will provide you with the specialised skills and techniques required to become an expert accountant, either in a consultancy or high-level advisory role. Each of the 3 ACCA papers is assessed with a 3-hour paper-based exam.
|P1||GR&E||Governance, Risk and Ethics|
|P2||CR||Corporate Reporting (UK or International)|
Choose any 2 from 4
This module requires you to select 2 ACCA papers to study from a choice of 4, allowing you to tailor your programme to suit your requirements, interests and career aspirations. 3-hour, paper-based exams will test your knowledge of each paper.
|P4||AFM||Advanced Financial Management|
|P5||APM||Advanced Performance Management|
|P7||AAA||Advanced Audit & Assurance (UK or International)|
ACCA exam resources
ACCA study manual :EXAM SUPPORT RESOURCES
We have some great exam-specific resources (for example examiner’s reports and syllabus and study guides) to help you prepare for your exams.A selection of some of our newer resources are explained below, and you’ll find the full range of exam support resources in the exam resource finder.
ACCA study manual: SELF STUDY GUIDES
We have produced interactive self-study guides for FAB, FMA, FFA, F1-F9 and P1-P7 which provide you with a structured, phased approach to your studies.
The guides also ensure you know which resources (from both ACCA and our Approved Content Providers) are available, as well as how and when you should use them.
Throughout the guides there are tips for success, extracts from some of the resources available and interactive, clickable checklists to help keep you on track.
The guides can be used online or printed.
ACCA study manual: PRACTICE TESTS
To support you practising questions for your exams, ACCA has created practice tests, available for all computer-based exams. Practice tests replicate the live exam, providing you with a great exam experience. They also provide you with personalised feedback on your performance, enabling you to identify your strengths and weaknesses across syllabus areas before you take your actual exam.
Practice tests can be purchased and accessed via myACCA. You can buy individual tests or a set of three.
ACCA study manual: RETAKE GUIDES
The retake guides have been designed to help you understand where you went wrong in your previous exam attempt(s) and to provide you with guidance in the way you approach your retake.
They provide tips for success, signpost ACCA resources and can be used either online or printed in PDF format.
ACCA study manual: OTHER RESOURCES AND SUPPORT
Student Accountant is ACCA’s very own magazine for students. Access articles giving you advice on exam technique, learning tips, professional skills, career advice and lots more. You can personalise your own version of Student Accountant Direct emagazine, and have it emailed straight to your inbox.
ACCA study manual: ACCA LEARNING COMMUNITY
As well as exam-specific resources, we have an online community allowing you to network with other ACCA students. The ACCA Learning Community also provides you with an opportunity to discover, connect and learn with fellow students in a social and professional environment.
ACCA study manual: ACCA FACEBOOK
Our Facebook page keeps you informed about exciting ACCA events, Q&A sessions and news that is important to you.
ACCA study manual: APPROVED CONTENT PROVIDERS
It’s really important that you use study materials from an Approved Content Provider. These materials are reviewed by ACCA’s examining team and are updated to reflect the latest syllabus content, explainable documents and exam structure.
The question and answer banks they provide are a great source of exam-style questions, and should be used as a primary resource for question practice, which is vital for exam success. We strongly recommend that you use these to support your studies.
These all are from official websites you want any help you can go thorough any of the links and get yourself ready for the Exam.