With the acceleration of global economic integration, ACCA (Association of Chartered Certified Accountants), as an internationally recognized professional accountant qualification, is increasingly favored by the majority of accounting professionals.ACCA exams, with its comprehensive curriculum system and strict assessment standards, to help candidates to enhance their professional skills and move towards an international career path. So, what are the subjects in ACCA exam?
Overview of ACCA Exam Subjects
The ACCA exam is divided into three stages: Foundation Stage, Skills Stage and Professional Stage. Each stage contains different subjects, and candidates need to pass 13 subjects in order to qualify for ACCA.
Foundation Stage (Stage F)
Foundation Stage consists of Knowledge Courses and Skills Courses, totaling 9 subjects:
Knowledge Courses: F1 Business and Technology, F2 Management Accounting, F3 Financial Accounting
Skills courses: F4 Company and Commercial Law, F5 Performance Management, F6 Taxation, F7 Financial Reporting, F8 Audit and Assurance Engagements, F9 Financial Management
Skills Stage (Stage P)
The Skills Stage consists of Core Courses and Elective Courses, totaling 6 subjects:
Core courses: SBL Strategic Business Leadership, SBR Strategic Business Reporting
Elective Courses: P4 Advanced Financial Management, P5 Advanced Performance Management, P6 Advanced Taxation, P7 Advanced Audit and Certification Engagements
ACCA Exam Subjects
1、Knowledge Courses (F1-F3)
F1 Business and Technology: covering the basics of business organization, company management, accounting and reporting systems.
F2 Management Accounting: covering management accounting, cost accounting, budgeting and standard costs.
F3 Financial Accounting: learns how to properly record the various types of operations that occur in a business and prepare financial statements.
2、Skills courses (F4-F9)
F4 Company Law and Commercial Law: covering the basic commercial legal system of the UK and internationally accepted legal provisions.
F5 Performance Management: learn management accounting techniques for performance measurement and control.
F6 Taxation: master the UK tax system and personal and company related tax calculations.
F7 Financial Reporting: learn international accounting standards, prepare and analyze financial statements.
F8 Audit and Assurance Engagements: master the whole process of assurance engagements and perform professional assurance.
F9 Financial Management: introduce the necessary investment, financing and risk management skills for financial managers.
3、Core and Elective Courses (Stage P)
SBL Strategic Business Leadership: covering corporate management, internal control, risk management, etc.
SBR Strategic Business Reporting: learn how to prepare and present consolidated financial reports in accordance with relevant standards.
P4 Advanced Financial Management: an in-depth exploration of advanced topics in financial management.
P5 Advanced Performance Management: learn advanced performance management techniques.
P6 Advanced Taxation: master advanced tax planning and management.
P7 Advanced Audit and Assurance Engagements: undertake an in-depth study of advanced audit and assurance engagements.
ACCA Exam Preparation Suggestions
Make a detailed study plan: According to the examination schedule, arrange the study progress reasonably to ensure that each subject has enough time for review.
Choose high-quality study materials: Combine the official ACCA textbooks and online classes to systematically study the knowledge points of each subject.
Do more exam questions: Familiarize yourself with the exam question types and difficulties through previous years’ exam questions to improve your test-taking ability.
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