The ACCA stands for Association of Chartered Certified Accountants. This organization is a
global institution that houses financial experts and accountants from all over the world.
Why does this matter?
Because the ACCA is a prestigious body that can give you remarkable opportunities to work
in the finest financial sectors of the world today!
With over 7500 approved employers and partnerships with over 80 accountancy bodies,
becoming accredited as an accountant through the ACCA is never a wasted effort.
How to apply for the ACCA?
To apply for the acca, visit their website and submit your application form. The ACCA
committee will get back to you with the details on how to proceed further with your
application process. The acca can be taken by working professionals or even by Senior High
school (10+2) pass outs looking to get an accountancy diploma.
What is the ACCA Exam structure?
The ACCA accreditation consists of 13 exams in four levels:
1. Applied Knowledge Level (three exams)
2. Applied Skills Level (six exams)
3. Strategic Professional Level (two exams)
4. Strategic Professional Level – Essentials (two exams)
Each exam is three hours long and consists of a combination of multiple-choice questions
and longer, written questions.
The exams are computer-based, which means you can appear for these on a computer at an
authorized test centre.
What is the ACCA exam syllabus?
The ACCA syllabus is divided into two parts:
The fundamental level and the professional level. The fundamentals cover the basics of
accounting, while the professional level, focuses on more advanced accounting topics.
- Applied Knowledge Level: The Applied Knowledge level consists of three exams.
Accountant in Business, Management Accounting, and Financial Accounting. These
exams cover the basics of accounting, such as the principles of accounting, the
preparation of financial statements, and the role of accounting in business. - Applied Skills Level: The Applied Skills level consists of six exams. Corporate and
Business Law, Performance Management, Taxation, Financial Reporting, Audit and
Assurance, and Financial Management. These exams cover more advanced
accounting topics, such as financial reporting standards, auditing, and corporate
taxation. - Strategic Professional Level: The Strategic Professional level consists of two exams.
Strategic Business Leader and Strategic Business Reporting. These exams cover
strategic business management and financial reporting. - Strategic Professional Level – Essentials: The Strategic Professional Level – Essentials
consists of two exams. Advanced Financial Management and Advanced Performance
Management. These exams cover more advanced financial management topics, such
as financial strategy, risk management, and investment appraisal.
In addition to the exams, students must complete a professional ethics module to become
fully qualified chartered certified accountants. The last study module covers ethical issues in
accounting and the responsibilities of accountants to their clients, employers, and the
public.
This module makes you aware of international accounting ethics and makes you eligible for
employment in key positions in international firms. As reported by students, this module is
most sought after by employers today.
In Conclusion
The acca exam has a total time of ten years for successful completion. However, you can
clear all the exams within six months to a year with the help of a comprehensive acca
program at one of the top universities in Toronto. Enroll today!