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ACCA practice exams and other details

ACCA practice exams

ACCA practice exams: 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 practice exams and other details: Practice Tests are an interactive study support resource, which will replicate the format of computer-based exams (CBEs) and help you to identify your strengths and weaknesses before you take an exam.

As well as giving you an insight into a live exam experience, Practice Tests will also provide feedback on your performance. Once you complete the test you will receive a personalised feedback diagram showing how you have performed across the different areas of the syllabus.

For more information on how useful the Practice Tests can be to your revision, watch our video for more details on this new resource.

HOW CAN PRACTICE TESTS HELP YOU?

Practice Tests are a great revision aid. They are developed to the same quality standards as live exams and will provide you with:

  • a realistic reflection of your performance
  • a personalised feedback diagram to help you plan and focus your final revision activity
  • experience of the exam environment, so you know what to expect in advance of a live exam.

Practice Tests are available online instantly anytime, anywhere and should be used once you’ve studied the full syllabus.

HOW DO I GET HOLD OF THEM?

Practice Tests can be purchased and accessed via myACCA and are available for all exams that can be taken by CBE. You will be able to buy a single test or you can purchase a set of three tests for the same exam, costs of which are detailed below.

Please note: A set of tests means you will purchase three different practice tests for the same exam. This is not a set of tests for three different exams.

Computer-based examSingle testSet of three tests
MA1, FA1, MA2, FA2£5£10
FAB, FMA, FFA, F1, F2, F3£7£14
F4£9£18
Practice makes perfect and while the tests cannot guarantee success in the live exam, they are a great way to practise exam-style questions and identify areas that needfurther development.

Little about ACCA

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 practice exams

ACCA practice exams: 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.

ACCA practice exams : RATIONALE

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 practice exams and other details

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