How can I pass ACCA

Complete Beginner's Guide to ACCA Exams

ACCA exam tips

Find out in detail about the program, criteria, exam format, fees and strategies for dealing with the ACCA qualification. This comprehensive guide will help you get a grip on the course and understand it clearly. Hope this helps you clear all your doubts and make an informed decision. The following is the structure of the article:

Why is ACCA for accountants?

  • ACCA as a qualification is growing very rapidly and globally with casual students and members in more than 170 countries.
  • This certification gives employers the assurance that you are entitled in all aspects of a business.
  • It gives you better job prospects and growth in senior management positions.
  • It is the largest and fastest growing global accounting firm with more than 3.20,000 members and students in different parts of the world.
  • Most importantly, as you gain business skills, you are personally satisfied.

Did you know that these ACCA certification criteria give you a very strong reason to get this certification even if you have to invest a lot of money and time, which also involves a lot of sacrifices?

About the ACCA qualification

The Association of Auditors is a very competent and globally leading auditing company. Your qualification gives you recognition as an employee who has the skills in all aspects of a company. The term Chartered Certified Accountant is legally protected as anyone who claims to be a Chartered Certified Accountant must be a member of ACCA.

  • Role: Bankers, consultants, auditors, tax advisors and lawyers.
  • Exams: ACCA consists of a total of 14 written exams in English plus a business experience that is relevant enough. In each part 4 exams can be taken, the completion of which usually takes about 2 to 3 years. However, the maximum time for deleting ACCA is 10 years.
  • ACCA exam dates: These exams take place twice a year in June and December.
  • Eligibility: The Registration in different countries has different eligibility criteria for this course. In addition, the candidate must have relevant experience in order to receive this certification.

ACCA qualification completion criteria

  • The ACCA qualification is divided into two parts. The first part consists of basics, which are divided into a knowledge module and a skills module. The knowledge module has three papers while the competence module has 6.  
  • The second part is the professionals, which is divided into the essential module and the options. The Essentials module has 3 papers and the options have 4 from which the candidate must choose two.
  • The candidate has to delete all 14 papers for which he can choose as many papers as he wants to delete in one part. A maximum of 4 papers can appear in one part.
  • Usually the course can be completed in 2 to 3 years. However, the association gives candidates a period of 10 years to complete the given certification.
  • To apply for this certification, you must have at least 3 years of work experience in relevant areas. ACCA believes in relating book knowledge to practical knowledge and applying it.

Why pursue ACCA?

  1. ACCA offers you better employment prospects and shows your skills in all aspects of business.
  2. It gives you an auditor's designation, which is a legal term and can only be obtained by members of ACCA.
  3. ACCA opens the doors to a management position for you, as it gives employers the security of your performance.
  4. It is obvious that you have the skills and abilities that banking, auditing, advisory, legal, and tax employers are looking for.
  5. In addition to mere expertise in finance and accounting, the candidate will also acquire valuable strategic skills for managing an organization.
  6. In addition to the theory, this certification also believes in using it in practical life.
  7. International accounting and auditing standards form the basis of this certification.

ACCA exam format and curriculum

ACCA exam ACCA Part I exam

(Ground plane)

ACCA Part II exam (professional level)
Focused on Accountants in business, management accounting, financial accounting,

Corporate and Business Law, Performance Management, Taxes, Financial Reporting, Auditing and Insurance, Financial Management.

Governance risk and ethics, corporate reporting, business analysis, advanced financial management, advanced performance management, pre-taxation, pre-screening and assurance
Exam format Written examWritten exam
Pass percentage 50% in all subjects50% in all subjects
Duration The duration varies for each paperThe duration varies for each paper

ACCA Part I exam (basic level)

This part contains a total of 9 articles that must be visited or viewed. It covers the basics of comers such as accounting and management.

  • The ACCA Part 1 exam focuses on overall accounting, including economics, management, and finance. The focus is also on corporate and commercial law, performance management, taxes, financial reporting, audit assurance and financial management.
  • Unlike other modern online exams, this exam is a written exam as it tests the candidate's skills
  • To pass any part of the exam the candidate needs 50%
  • The duration of each exam is different

ACCA Part II exam (Professional Level)

To clear this level you need to appear for 5 papers, 3 of which papers are essential, while in the last two levels there are options to choose from.

  • ACCA Part II focuses on ethical and governance risk, business analysis and corporate reporting, and advanced financial management, performance management, auditing and insurance, and taxation.
  • Unlike other modern online exams, this exam is a written exam as it tests the candidate's skills
  • To pass any part of the exam the candidate needs 50%
  • The duration of each exam is different

ACCA qualification fees

In addition to the ACCA registration fee for the exam, you must pay a specific fee. The following pointers can help you better understand the structure of exam fees.

Exam level  Examination fee
Knowledge of F1, F2, F3early £ 72
default £ 76
Late £ 231
Skills F4, F5, F6, F7, F8, F9early £ 93
default £ 98
Late £ 257
Professional P1, P2, P3 and also 2 of P4, P5, P6, P7early £ 110
default £ 116
Late £ 277

As you can see and see in the table above, you need to make sure that you register for your exams on time to avoid the late fee which is pretty high in the vicinity of £ 100-200. Hence, you need to make sure that you register on time. This will save you a lot of money, as with late fees. The above table is self-explanatory.

In particular, the study materials and audios at home are free when you sign up for ACCA exams. This means that you will end up spending no money on the learning material.

The percentage of exams passed for ACCA exams

As the next exam secession is due in June 2016, we are giving you the percentage for passing the ACCA exam in June 2015.

Fact source: ACCA Global

ACCA examination strategies

Remember that there is only one rule in any professional exam: pure and original hard work. There are no shortcuts. If you want to get there and get the right degree, you have to work extremely hard and dedicated. Below are some tips that can help you get there sooner.

  1. Before you make a career move or career decision that you are planning similarly before you begin studying for a professional course like ACCA, you need to plan it. First, plan how many papers you want to delete in one session. The plan, how to learn for them, etc. Planning is extremely important.
  2. You need to know what to study and how to study. Therefore, it is extremely important to have a very good understanding of the curriculum and structure of the course.
  3. Understand the auditor's approach to the audit; That means you need to know what the examiner expects in response.
  4. Study only and only from the approved text or study material from ACCA. You have a defined and planned curriculum to study and understand. Hence, you need to focus on and learn from the study material.
  5. Have you set yourself the goal of studying part of the work every day? Having a goal set will help you understand better and get your part done on time.
  6. Instead of trying to memorize, try to understand the concepts and logic behind what is to be studied. This will help you explain yourself better.
  7. If you're stuck somewhere or can't understand something, you can refer to the audio and video tutorials.
  8. Very important exercise papers solve as many as possible and get a better understanding of where you stand. Don't forget to solve the previous exam papers. That will really help.
  9. Review the auditor reports posted on websites and also look for their assessment schemes or assessment strategies. You will understand how much you need to focus on which part of the part.
  10. Analyze exam papers, examiner interviews and technical parts of the material and revise them accordingly. A revision is important as it will help you remember everything you have studied.

While putting all your effort into learning don't forget to control yourself, don't panic !!!. And make sure to get a good rest before your exam.