How Do ACCA Exams Work? A Complete Guide ... - CFO NeXt

Professional level exams of ACCA consist of six papers in total, out of which two strategic level papers (SBL, SBR) are compulsory. Out of four ... HowDoACCAExamsWork?ACompleteGuidetoACCAExams cfonext March9,2020 ACCA TheRoleoftheCFOinaVUCAWorldFebruary7,2020B.ComWithACCA:WhyitistheRightDecisionMay22,2020 Introduction ACCASyllabusandPapers ACCAExemptions ACCAExamPattern OnDemandandRegularCBEss PlanningforACCAQuarterlyExams HandwrittenExams ACCAExamsBookingProcess ACCAExamFees SupportofLearningPartnerinExamBooking ACCAExamCentersinIndia PointsforStudentsBookingExams ImportantPointAbouttheExams INTRODUCTION ACCA (theAssociationofCharteredCertifiedAccountants)istheglobalbodyforprofessionalaccountants.Atpresent,ithasover2,00,000membersand486,000studentsacrossmorethan180countries.Withan ACCA qualification,anindividualcanworkasanaccountant,financialconsultant,managementconsultant,financialplanneretc. ACCA opportunitiesinIndiahavewidelygrown,especiallywiththegrowingnetworkofBig4companiesandMNCsinthecountry.TheACCA qualificationisequivalenttoCA(ICAI)inIndiaandthesalariesarealsoequivalenttothatofaCharteredAccountant. HeadquarteredinLondon,ACCAhasanetworkofover 100officesandcentreswithmorethan7,300approvedemployers worldwidewhoprovideemployeedevelopment.StudentscanpursuethiscoursealongsidetheirgraduationsinceACCA’sflexibleexaminationschedulemakesthisqualificationmoreattractive. ACCASYLLABUSANDTHETOTALNUMBEROFPAPERS ACCASyllabuscanbebrokendownintothefollowing4levels.EachlevelconsistsseveralACCAexampapers.However,currently,thereare13examsintotalfortheACCAcourse. AppliedKnowledgelevel-Threeexaminationsconsistingof: a)AB-AccountantinBusiness b)MA-ManagementAccounting c)FA-FinancialAccounting TheAppliedSkillslevel-Sixexaminationsconsistingof: a)LW-CorporateandBusinessLaw b)PM-PerformanceManagement c)TX-Taxation d)FR-FinancialReporting e)AA-AuditandAssurance f)FM-FinancialManagement TheStrategicProfessionallevel-Sixexaminationsconsistingof: Twocompulsorypapers: a)SBL-StrategicBusinessLeader b)SBR-StrategicBusinessReporting Fouroptionalpapers,ofwhichtwomustbeselected: a)AFM-AdvancedFinancialManagement b)APM-AdvancedPerformanceManagement c)ATX-AdvancedTaxation d)AAA-AdvancedAuditandAssurance ACCAEXEMPTIONS ACCAofferscertainexemptionsfortheACCAExamsbasedonanindividual’spriorlearningandqualification.ACCAExemptionsaimtohelpyougetACCAcoachingatthelevelthat’srightforyou.BelowaretheexemptionsforACCAcoursebasedonyourpriorqualification: Sincenothinggoodcomesforfree,youhavetopayanexemptionchargeforeachACCAexamthatyouexempt. TheACCAEXAMPATTERNANDSTRUCTURE TheACCAExamPatternhastwoparts:Computer-basedandPaper-based,whichincludeMultipleChoiceQuestions(MCQs)andScenario-basedquestions. TheACCAExamPatternandStructureisasbelow: ExamPatternforComputer-basedPapers: ACCAPapersfromF1-F9areallcomputer-basedexams. PapersF1,F2,F3andF4involvethesequestions 100%MCQs—(2×50questions) Youcangivethosebybookingyourexamsatanyofthecenters PapersfromF5toF9contains: 60%MCQs­­­-Itisdividedintotwosections: SectionA:2×15questions SectionB:Eachofthe3scenarioquestionshas15numbers.Eachscenariohas5MCQsunderit. 40LongAnswerQuestions:Ascenariowillbegivenand3to4questionswillbeaskedonthisbasis. P1-P6arepaperbasedexams. TheACCASBLpaperconsistsofasinglequestionof100markswhichgetssubdividedintovariousquestionsofvariedmarks. 100%scenario-basedquestions. SectionA:Acasestudyof50markswillbegivenand4-5questionswillbeaskedonit. SectionB:Eachwillbegiven3casesof25marks.Havetotry2outof3. TheexamsareconductedeveryMarch,June,SeptemberandDecember.Inasix-monthcycle,apersoncangivefourexamsoreightexamsayearandneedtogiveatotalof13examstoqualify. ONDEMANDANDREGULARCBEs On-demandCBEsallowforflexibilityinyourstudiesasyoucansitforthematanytimeoftheyear.Yourresultsaredisplayedimmediatelyattheendoftheexamanduploadedtoyouraccountwithin72hours.Tobookanon-demandCBE,youcancontactanexamcenterdirectlytoarrangeatimeanddatethatsuitsyou.ACCAconducts“on-demandexams”forpapersuptoF4. RegularCBEstakeplaceonceinthreemonthsandarebookedusingouronlineexambookingsystem. Dependingontheexam,youmayberequiredtousewordprocessing,spreadsheet,andslidepresentationtools-enhancingyouremployabilityskills. ForF5-P7,ACCAconductsexamsfourtimesayear(March,June,September,andDecember).F5-F9canbegiveninanyorderandonceyouaredonewithyourfundamentalpapersyoucanalsoopttogivetheprofessionalpapersinanyorder.   PLANNINGFORQUARTERLYEXAMS Studyingforonepapereverythreemonthsallowsyoutofocusononesubjectatatimewhichyoumayfindbeneficialasyouprogresstohigher-levelpapers.Thisisbecausesomesubjectsatthehigherlevelareharderorhavealargersyllabustocover.However,thismightmeanthatyouhavetostartstudyingforyournextpaperbeforeyouhavetheresultsofyourmostrecentexamifyouwanttohavetheoptimumamountoftimetoprepare.Ifyouwanttowaituntilyoureceiveyourexamresultsbeforestartingyourstudiesforyournextpaper,thiswouldmeanstudyingforanintenseperiodofsevenweeks. Itishelpfultocreateastudyplan: StudylittleandoftenfocusonthetimeavailableaswellasACCAsyllabustopics Thebeststudysessionslastaboutanhourandwillrunasfollow: Recapofquestionsfromprevioussessions. Newsyllabusareawithsimpleillustrations Pastpaperquestions Don’tbetooinflexibleorunrealisticwithyourexpectationsasthiscanbedemotivating. HANDWRITTENEXAMSFORPROFESSIONALLEVEL ProfessionallevelexamsofACCAconsistofsixpapersintotal,outofwhichtwostrategiclevelpapers(SBL,SBR)arecompulsory.Outoffourpapers(AFM,APM,ATX,AAA),andanytwopaperscanbetakenupbythestudentsaspertheirchoice.Professionallevelpapersarepaper-basedpresently. ACCAEXAMREGISTRATION:PROCESSOFBOOKINGEXAMS Findacentreofferingon-demandCBEs Makearrangementstogiveyourexam(s)directlyattheCBEcentre PaytheCBEcentredirectlyfortheexam(s) Onexamday,youridentitywillbecheckedbytheinvigilator.Furthervalidityandeligibilitychecksarecarriedout,andthentheinvigilatorinstructionswillbereadout. Oncompletionoftheexam,yourprovisionalresultisdisplayedonscreen.YourresultwillbetransferredtoyourmyACCArecordswithin72hours. Eachexamsessionhasadeadlinebywhichyoumustapplyifyouwanttositanexaminthatsession.Applyingearlymeansyoucantakeadvantageoflowerfees. Onceyouhavebookedanexam,youcanviewthebookingdetailsandcanceloramendthebooking. Anychangesorcancellationstoanexambookingmustbemadebeforethestandardentrydeadlineandyourexamfeewillbecreditedtoyouraccount. Changesorcancellationsmadeafterthestandarddeadlinedatearenotpermittedandyourexamfeewillnotbecreditedtoyouraccount ACCAEXAMFEES ToregisterforACCAExams,youmustfirstbecomeanactiveACCAstudentwhichrequiresyoutopayone-timeregistrationfee(79pounds=7,712rupees)andanannualsubscriptionfee(105pounds=10,249rupees). TheACCAExamfeeshasbeencalculatedbelowforeachACCAexamlevel: Assumingthatthepoundsexchangerateis£1=93INR. Knowledgeexams-£83=7,719perpaper7,719×3=23,157(sincethereare3papers) Skillsexams-£111=10,323perpaper10,323×6=61,938(sincethereare6papers) ProfessionalexamSBL-£186=17,298perpaper17,298×1=17,298 Professionalexams-£136=12,648perpaper12,648×5=63,240(sincethereare5papers) Totalcost=23,157+61,938+17,298+63,240= *Rs.1,65,633 *Feesvaryaccordingtothefluctuatingpoundrate. SUPPORTOFLEARNINGPARTNERINEXAMBOOKING AccreditedLearningPartners(ALPs)helpstudentsidentifyiftheyarereadytowriteandexcelintheirexams.ALPsalsoguidestudentsonexambookingdatesandcanalsobooktheexamsonbehalfofthestudentsifrequired. ACCAEXAMCENTERSININDIA Citiesinwhichtheexamsareconductedareasfollows: NewDelhi,Chennai,Pune,Bangalore,Coimbatore,Ernakulam,Kannur,Secundarabad,Mumbai,Thane,Panchkula,Kochi,Calicut,Kottayam,Thrissur,TirurMalappuram,Trivandrum,Andheri,Udaipur,Dehradun,Baroda,Hyderabad,Ahmedabad. POINTSFORSTUDENTSBOOKINGEXAMS Amajorrolethatstudenthaveistoknowtheexamdatesandtheduedatestobooktheexams.Studentsshoulddoublechecktheirexamcentreanditsaddressastoavoidbookingthewrongcentre. IMPORTANTPOINTABOUTTHEEXAMS Thestudentshouldbeconfidentenoughaboutthepaperbeforeansweringtheexam.Itisnecessaryforthestudenttogothroughthestudytext,revisionkit,pastquestionpapersandanswerafewmockteststobemoreconfidentaboutthepaper.Answeringmocktestshelpsstudentscorrecttheirmistakesandgetanideaaboutthequestionsintheexam.RequestMoreinformation cfonext RelatedpostsApril28,2022CFAvsFMVAReadmoreApril8,2022SCOPEOFIFRSReadmoreMarch24,2022HowtoStudyandpassIFRSExamReadmore LeaveaReplyCancelreply Youremailaddresswillnotbepublished.Requiredfieldsaremarked*CommentName* Email* Website Savemyname,email,andwebsiteinthisbrowserforthenexttimeIcomment. Openchat