What is ACCA? Course Details, Fees, Syllabus & Eligibility

The ACCA course is the perfect fit for candidates seeking an international career in accounting and finance, with the ACCA course full form being Association of Chartered Certified Accountants. The association awards the globally accredited qualification to Chartered Accountants.

A candidate gets an ACCA membership after qualifying and clearing the ACCA exams. They gain the eligibility to explore various senior roles in finance and accountancy. The accreditation also opens gateways to becoming a registered Auditor.

This blog will walk you through various aspects of the course, including ACCA course eligibility, fees and other course-related details.

What is ACCA? (Meaning & Full Form)

ACCA considered the global CA, is recognised in over 180 countries and is primarily based in the UK. It is a globally accredited certification in audit, accounting and finance.

Considered the world’s oldest CA programme, the ACCA structure has three levels — Knowledge, Skill and Professional. Candidates clearing the ACCA examinations get excellent job opportunities in various domains, including auditing, finance, accounting, taxation, investment banking, management, forensic audit, corporate finance, and consulting.

ACCA Course Eligibility

The specific criteria candidates applying for the ACCA course have to fulfil are:

Clearing the 10+2 examination with an aggregate of 65% in English and Mathematics/Accounts and a minimum of 50% in other subjects.
Students who have just passed class 10 examinations or are not qualified per the abovementioned criteria can still register for the ACCA course through Foundation in Accountancy (FIA).

ACCA Exemptions

Candidates applying for ACCA must know about the exemptions as given below:

Under Graduates – Candidates who have cleared the 10+2 examination must appear for all 13 papers of the ACCA examination. There are no exemptions for these candidates.
Exemptions for BCom & MCom – Candidates who have passed their BCom or MCom exams will have to appear for 9 papers of the ACCA examination. They will have exemptions from 4 papers – 3 from ACCA Knowledge Level exams like Management Accounting (MA), Business and Technology (BT) and Financial Accounting (FA) and 1 from Skill Level exams, that is, Corporate and Business Law.
Exemptions for CA Inter – Candidates who pass the CA Inter exams must appear for only 8 ACCA exam papers. The five exempted papers include Business and Technology, Financial Accounting, Management Accounting, Audit and Assurance and Taxation.
Exemptions for CA Final – Candidates clearing CA exams will be exempted from 9 ACCA exam papers. They will appear in only 4 papers. Such candidates have total exemptions for Skill Level and Knowledge Level examinations. They will have to appear for only the Professional Level exams.

ACCA Course Syllabus

The subject-wise course details of different levels in the ACCA course are mentioned below:

ACCA Knowledge Level

There are 3 ACCA subjects covered in the Knowledge Level — Management Accounting, Business and Technology and Financial Accounting. Here is a brief description of the topics covered in each subject/paper.

Name of Paper	Topics Covered
Business and Technology (BT) – F1 Paper	History of accounting in business Leadership, organisational structure and management in business Environmental factors impacting business and accounting Directing and managing individuals and teams Internal control procedures and accounting functions Hiring and training professionals
Management Accounting (MA) – F2 Paper	Cost accounting techniques Nature of management and cost accounting Business mathematics and spreadsheets Classification of behaviours, costs and goals Developing techniques for making quick decisions Standard budgeting and costing
Financial Accounting (FA) – F3 Paper	Trial balance preparation Financial reporting goal and context Double-entry accounting uses and methods Basic principles of accounting and qualitative aspects of financial data Financial statement preparation

ACCA Skill Level

The ACCA Skill Level covers six subjects — Performance Management, Corporate and Business Law, Financial Reporting, Taxation, Financial Management, and Audit and Assurance. The topics covered in each paper are as follows:

Name of Paper	Topics Covered
Corporate and Business Law (LW) – F4 Paper	Acts of Business Law Acts of Company Law Structure and establishment of business organisations Complete structure of the legal system Business finance, capital and regulation of companies Laws related to companies, business and financial affairs
Performance Management (PM) – F5 Paper	Performance management and evaluation for business Cost accounting principles and different methods Variance analysis, standard costing and other statistical tools Combining qualitative and quantitative data for business performance Use of financial data for business forecasting, decision-making and planning Business mathematics and statistics, application to analyse
Taxation (TX) – F6 Paper	Taxation concepts and tax systems across the world Business tax and personal tax computation Taxes on business, profits, income and capital Value-added tax, income tax, capital gains tax Structure and working of corporation tax UK’s tax framework as a base for other countries
Financial Reporting (FR) – F7 Paper	Statement-based financial reporting Ratio analysis and other tools Creating financial statements for a business Reporting to various business stakeholders Analysis and interpretation of financial statements Regulatory requirements for financial reporting
Financial Management (FM) – F8 Paper	Financial life cycle of a business Financial management concepts and ideas Finance and capital management of a company/business Management of the working capital of a business Valuation of businesses and their parameters Financial risk analysis for businesses
Assurance and Audit (AA) – F9 Paper	Regulations concerning auditing Processes and quality assurance for a business Processes and principles of auditing How to perform audits How to prepare audit reports Auditing areas and parameters for auditing Identifying various risks through audit and management of those business risks

ACCA Strategic Professional Level

There are 4 ACCA subjects at this level – 2 are compulsory, and 2 are electives. For the two elective papers, candidates can choose from 4 available papers. Take a look at the topics covered in these subjects.

Mandatory subjects

Name of Paper	Topics Covered
Strategic Business Leader (SBL) – P1 and P3 Papers	Corporate governance and business strategies Efficient organisational management Ethical framework for decision making and professional values Policy development for audits and internal controls Function and role of governance in management
Strategic Business Reporting (SBR) – P2 Paper	Financial reporting with corporate governance Implications of amendments in accounting regulations Framework for business’s financial reporting Probable financial reporting issues Case studies for complicated business reporting environments Current developments in audit and accounting and their impact on businesses

Elective subjects (Any 2 from the 4)

Name of Paper	Topics Covered
Advanced Financial Management (AFM) – P4 Paper	Emerging concepts in financial management and finance Business finance, global trade, economic environment Introduction to mergers and acquisitions and investment banking Advanced risk management, fund management and treasury management Structure of financial industry and business investments Restructuring companies – financial and regulatory ways
Advanced Performance Management (APM) – P5 Paper	Strategic performance optimisation and measurement Techniques of performance management Impact of risk and uncertainty – use of control models and strategic planning Evaluating and identifying features of performance management systems Case studies of business performance management Analysis of economic conditions and external factors
Advanced Taxation (ATX) – P6 Paper	Various aspects of the modern tax system UK taxation system and derivation of other tax systems Tax planning for business operations Customs, international taxation framework and other duties Case studies of complicated tax planning systems Taxes for business, tax effects
Advanced Audit and Assurance (AAA) – P7 Paper	Assurance engagement reporting Audit of complicated financial statements Advanced concepts of audit Interpreting audit reports with analytical tools and techniques

ACCA Course Fees

ACCA course fees are categorised under different segments as follows:

– Registration Fees

ACCA registration fee has to be paid one time. Paying the fee gives you access to the ACCA portal. The initial registration fee, as well as the charge for re-registration, is £89.

– Subscription Fees

ACCA has an annual subscription fee for renewing membership. On an annual basis, the ACCA subscription fee is £122.

– Knowledge Level Exam Fees

The first part of the ACCA exams is the Knowledge Level. The exam fee for this level is £86.

– Skill Level Exam Fees

To appear for the Skill Level exams, candidates must pay a fee of £154.

Professional Level Exam Fees

This last level of ACCA exams has the highest examination fee of £671, combining the Strategic Business Leader paper and Strategic Business Reporting paper plus options fees of two papers (£263 + £204 + £204).

Conclusion

Candidates interested in pursuing ACCA must understand the fundamentals of the course and the subjects it covers. ACCA is the global professional accounting body offering the Chartered Certified Accountant qualification. Many institutes offer specialised coaching for the ACCA course.

The WallStreet School, India, offers ACCA coaching classes to ACCA aspirants. The institute offers skill-based training with with 100% placement assistance placement assurance and detailed presentations and notes on each topic. Visit The WallStreet School, India, for more details.

FAQs

What is the registration process for ACCA 2023?

Visit the official website of ACCA. Register using a valid email ID and personal details like nationality, date of birth and address. You will also need a valid mobile number.

Can I clear ACCA on the first attempt?

With proper ACCA coaching and guidance, you can clear ACCA on the first attempt. Only 50% marks are required to clear ACCA.

What are the eligibility criteria for ACCA?

A candidate must be 18 years of age. Also, the candidate has to clear the 10+2 examination with an aggregate of 65% in English and Mathematics/Accounts and gain a minimum of 50% in other subjects.

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ACCA Course Details: Full Form, Eligibility, Syllabus, Duration & Fees [Updated 2023]