The Association of Chartered Certified Accountants (ACCA) qualification is a globally recognised accountancy qualification. It is a badge of quality and professionalism, and ensures that your knowledge and skills are of the highest professional standard.
You can speed up your study time route to qualification by combining papers.
See BPP’s recommended route below:
You need a minimum of three GCSEs and two A levels in five separate subjects including maths and English, or equivalent qualifications to start the ACCA qualification. If you don’t have the minimum qualifications you can start by registering for Foundations in Accountancy (FIA) and study for one or all of the entry-level qualifications. There are three qualifications, and you can start at any level.
The ACCA qualification consists of four modules:
The Knowledge Module is made up of three papers and introduces you to the core areas of financial and management accounting as well as general business principles and theories. They are assessed either by Computer Based Exams (available on demand in MDV’s CBE centre) .
F1 – Accountant in Business
F2 – Management Accounting
F3 – Financial Accounting
The papers, with the exception of F4, are assessed by three-hour written exams, in March, June, September and December. F4 is a two hour exam in two variants – English and Global, both available as CBE-s on demand.
F4 – Corporate and Business Law
Develops your skills and knowledge of the general legal framework relating to business.
F5 – Performance Management
Teaches you how to apply management accounting techniques to quantitative and qualitative information. It builds on the knowledge gained in paper F2, so you will need to re-familiarise yourself with topics such as absorption and marginal costing. If booking any BPP In Centre Classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the – Assumed Knowledge – (topics covered in F2 that you see again in F5) through MyBPP, your online learning environment.
F6 – Taxation
Helps you to develop knowledge and skills relating to the tax system, as it applies to individuals and companies.
F7 – Financial Reporting
Enables you to prepare, present, analyse and interpret financial statements which conform to UK standards. It builds on the knowledge gained in paper F3. So if you are exempt from F3, you are advised to revise double entry techniques before attending the F7 course. If booking any BPP In Centre classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the – Assumed Knowledge- (topics covered in F3 that you see again in F7) through MyBPP, your online learning environment.
F8 – Audit and Assurance
Develops your knowledge and understanding of the process and application of undertaking an audit assurance engagement.
F9 – Financial Management
Gives you an understanding of what is expected of a financial manager, including issues affecting investment and financing.
Exams for F5 – F9 will become computer-based (CBE) in 2017 in Bulgaria.
For more information see the official ACCA explanatory video.
Explores advanced professional skills, techniques and values that you will require to act as an expert accountant in an advisory or consultancy role at senior level. They are assessed by three-hour written exams, in March, June, September and December.
P1 – Governance, Risk and Ethics
Teaches you how to apply relevant knowledge, skills and judgment gained from previous papers when carrying out the role of an accountant.
P2 – Corporate Reporting
Teaches you how to evaluate financial reporting principles and practices. It builds on the knowledge gained in papers F3 and F7. If you book the P2 course either through our Online Classroom Live, Online Classroom or In Centre Classroom you will be given FREE online access to BPPs Assumed Knowledge resources for covering F7, to help you get back up to speed for P2.
P3 – Business Analysis
Teaches you how to apply knowledge and skills gained from previous papers to the assessment and implementation of business strategy.
As the forth level set of exams in the qualification, where you choose two papers from four, allowing you to specialise according to your chosen career path. They are assessed by three-hour written exams, available in March, June, September and December.
P4 – Advanced Financial Management
This module gives you an understanding of what is expected of a senior financial executive, in terms of the financial management of an organisation, building on topics first visited in paper F9.
P5 – Advanced Performance Management
Teaches you how to evaluate business performance through the application of strategic management accounting techniques. It builds on the topics seen in paper F5.
P6 – Advanced Taxation
This paper teaches you how to apply relevant knowledge and skills gained from paper F6 to evaluate the impact of major taxes, focusing on the financial decisions of both individuals and organisations. As part of this module we provide introductory chapters to help you to master any rule changes that may have occurred since you last studied taxation.
P7 – Advanced Audit and Assurance
Teaches you how to obtain, plan, control and conclude both audit and assurance engagements, building on the topics covered by paper F8.