Choosing the right combination of ACCA Papers Krista

Choosing the right combination of ACCA Papers Krista Farrugia BPP Professional Education Malta Director of Studies

ACCA Syllabus – Structure Fundamentals Level (9 papers) Skills Module F 9 Financial Management (FM) F 8 Audit & Assurance (AA) F 7 Financial Reporting (FR) F 6 Taxation (TX) F 5 Performance Management (PM) F 4 Corporate & Business Law (CL) Knowledge Module F 3 Financial Accounting (FA) F 2 Management Accounting (MA) F 1 Accountant in Business (AB) Entry The Fundamentals level has two modules – Knowledge and Skills. For certain ACCA Accredited degrees full exemption from the Fundamentals Level may be granted.

ACCA Syllabus – Structure Professional level (5 papers) Options Module (Any Two) P 7 Adv Audit & Assurance (AAA) P 6 Adv Taxation (ATX) P 5 Adv Performance Management (APM) P 4 Adv Financial Management (AFM) Essentials Module P 3 Business Analysis (BA) P 2 Corporate Reporting (CR) P 1 Professional Accountant (PA) The Professional level is divided into two modules – Essentials and Options. Professional Level exams are three hours long and are paper-based. There is no longer a requirement to sit all Essentials (previously Core) papers together.

Local Variant Papers • Three local variant papers: – F 4 Corporate and Business Law (Malta Variant) – F 6 Taxation (Malta Variant) – P 6 Advanced Taxation (Malta Variant)

The Process • Modules must be sat in the following order: Knowledge, Skills, Essentials and Options. • Up to four exams may be taken at any sitting and exams may be taken in any order as long as the modules are attempted in order. • Knowledge module exams are two hours long and can be sat as computer or paper-based exams. • The Skills module and all Professional Level exams are three hours long and are paper-based.

Professional Ethics Course • Must be completed before finally applying for membership • Available online, on CD-ROM or paper-based • Made available once eligible to take P 1 (Professional Accountant) • Best taken when – or before – sitting P 1

BSc (Hons) in Applied Accounting • Partnership between ACCA and Oxford Brookes University • Indicate on the initial registration form • Submit a Research and Analysis Project (not exceeding 5000 words) and a Key Skills Statement (not exceeding 1500 words)

What many papers should I choose in one sitting? • ACCA is a very flexible qualification • Can be done as slowly (max 10 years) or as fast as one chooses • Maximum of 4 papers every sitting but we recommend average of 2/3 papers every sitting

What is the best combination of papers? • The combination of papers depends on the following : Ø Your background of accountancy Ø Your work experience Ø Time constraints Ø The desired speed of completion

Extra Fast route • • • First sitting – F 1, F 2, F 3 (CBEs), F 4 Second sitting – F 5, F 7, F 8 Third sitting – F 6, F 9 Forth sitting – P 1, P 2, P 3 Fifth sitting – P 6, P 7 Qualified in 2. 5 years

Fast route • • • First sitting – F 1, F 2, F 3 (CBEs), F 4 Second sitting – F 5, F 7 Third sitting – F 8, F 9 Forth sitting – F 6 Fifth sitting – P 1, P 2, P 3 Sixth sitting – P 6, P 7 Qualified in 3 years

Moderate route • • First sitting – F 1, F 2, F 3 (CBEs) Second sitting – F 5, F 7 Third sitting – F 4, F 8 Forth sitting – F 6 Fifth sitting – F 9, P 1 Sixth sitting – P 2, P 3 Seventh sitting – P 6, P 7 Qualified in 3. 5 years

Slow route • • First sitting – F 2, F 3 (CBEs) Second sitting – F 1, F 4 Third sitting – F 5, F 7 Forth sitting – F 8, F 9 Fifth sitting – F 6 Sixth sitting – P 1/P 3, P 2 Seventh sitting – P 1/P 3, P 7 Eight sitting – P 6 Qualified in 4 years

Extra slow route • • • First sitting – F 1 Second sitting – F 2, F 3 Third sitting – F 4 Forth sitting – F 5 Fifth sitting – F 7 Sixth sitting – F 8, F 9

Extra slow route • • • Seventh sitting – F 6 Eight sitting – P 1 Ninth sitting –P 2 Tenth sitting – P 3 Eleventh sitting – P 6, P 7 Qualified in 5. 5 years

Any Questions kfarrugia@bpp. com