Top things to learn and time required for each ACCA paper

The ACCA syllabus includes 13 papers. IMS PROSCHOOL's ACCA course helps you with all of these 13 papers. THESE SUBJECTS are broadly categorized ... Mortarboardandagraduationdiploma BriefOverviewofACCA TheAssociationofCharteredCertifiedAccountants(ACCA)isaglobalbodythatoffersoneofthemostprestigiouscertificationsforaccountants–CharteredCertifiedAccountantsorACCA.Asof2017,therearemorethan700,000ACCAmembersandstudentsspreadacross178countriesworldwide.ThisblogwillexplaineverythingaboutthesyllabusandpapersofACCA.Butifyouwishtoknowmore,youcaninquireaboutthecourseusingthislinkandwewillbehappytoanswereverysinglequery. KnowmoreaboutACCA ACCASyllabusandPapers TheACCAsyllabusincludes13papers.IMSPROSCHOOL’sACCAcoursehelpsyouwithallofthese13papers. THESESUBJECTSarebroadlycategorizedintoFundamentallevel(9papersF1–F9)andStrategicProfessionallevel(4outof6papersP1–P7).Further,the13papersintheACCAsyllabusaresub-dividedintothefollowingfourlevels:Toknowmoreabouteachpaper,ClickHere. Knowledge(includes3papersF1–F3)Skills(includes6papersF4–F9)Essentials(includes2papersP1/P3&P2)Options(includes4papersP4–P7outofwhichappearforany2) Knowledgelevel ThissectionisthestartingpointforyouinthepursuitofbecominganACCAqualifiedaccountantandassuchprovidesyouthebasicknowledgeofaccountinginbusiness. F1–AccountantinBusiness(AB):Thispaperteachesyouhowtoeffectivelymanageabusinessbyunderstandingthecurrentbusinessenvironmentandcomprehenditsinfluenceontheactivitiesofanorganization.Italsoemphasizesonyourroleasanaccountantandtheexpectedcontributionfromyouinthedevelopmentoftheorganizationinaneffectiveandethicalway.Thefollowingtopicsareprimarilycoveredinthispaper: Structure,governance,andmanagementofanorganizationInfluencesandconstraintsofkeyenvironmentalfactorsonbusinessandaccountingRoleofaccountantsinabusinessSpecificfunctionsofinternalfinancialcontrolandaccountingIndividualandteammanagement F2–ManagementAccounting(MA):Thispaperprovidesyoutheknowledgeofpreparingandprocessingbasicquantitativeinformation,whichcanbeeventuallyusedtosupportthedecision-makingprocessesatthemanagementlevel.Thefollowingtopicsareprimarilycoveredinthispaper: NatureandpurposeofmanagementandcostaccountingClassificationofcostandstudyofitsbehaviorandpurposeComputerspreadsheetsandbusinessmathematicsStandardcostingandbudgetingCostaccountingtechniquesVariousdecision-makingtechniques F3–FinancialAccounting(FA):Thispaperteachesyoutheunderlyingconceptsandthecoreprinciplesthatgovernfinancialaccountingactivities.Itwillalsohelpyoudeveloptechnicalexpertiseindouble-entryaccounting,whichisthefoundationforpreparingandinterpretingallthebasicfinancialstatements.Thefollowingtopicsareprimarilycoveredinthispaper: BackgroundandpurposeoffinancialreportingInterpretationofqualitativefinancialinformationFundamentalsofaccountingApplicationofdouble-entryaccountingRecordingofaccountingtransactionsandeventsPreparationoftrialbalancePreparationofthebasicfinancialstatements Skillslevel Thismodulehelpsyoutodeveloptechnicalexpertiseinsomeoftheimportantsubjects,whichincludetaxation,law,auditingandfinancialmanagement,performancemanagementandfinancialreporting.Infact,asanACCAmemberyouareexpectedtohaveanadvancedunderstandingofthesesubjects. F4–CorporateandBusinessLaw(LW):Thispaperhelpsyoutounderstandthewiderlegalframeworkbyintroducingyoutothespecificlegalissuesthatarerelatedtothebusiness.Italsoteachesyoutoidentifythosesituationswhereyoushouldstraightawayseektheadviceofaspecialistlegaladvisor.Thefollowingtopicsareprimarilycoveredinthispaper: FundamentalsofthecorporatelegalsystemEmploymentlawConstitutionofabusinessorganizationManagement,administration,andregulationofacompanyLegalimplicationsforacompanyinstressEthicalandgovernanceissuesofabusiness F5–PerformanceManagement(PM):Thispaperhelpsyouindevelopingyourskillsandlearndifferentmanagementaccountingtechniques.Theobjectiveistoteachyouhowtousetheavailablequantitativeandqualitativeinformationintheprocessofplanning,decision-makingandperformanceevaluation.Thefollowingtopicsareprimarilycoveredinthispaper: CostaccountingmethodsBudgetingandforecastingPerformancemeasurementtechniquesStandardcostingandvarianceanalysis F6–Taxation(TX):Theobjectiveofthispaperistoprovideyoumoredetailedknowledgeofthebusinesstaxsystemandhelpyouunderstandhowitimpactsbothindividualsandcompanies.Thefollowingtopicsareprimarilycoveredinthispaper: CapitalallowancesandprofitsearnedfrompropertybusinessEmploymentincome,investmentincomeandtradingprofitsPersonaltax,corporatetax,capitalgainstaxandvalue-addedtaxNationalinsurance F7–FinancialReporting(FR):Theobjectiveofthispaperistodevelopyourskillstounderstandtheunderlyingprinciplesofaccountingstandardsandfinancialreporting.Italsolaysemphasisonthetheoreticalprinciplesonwhichthefinancialstatementsarebuilt,whichwilleventuallyhelpyouanalyzeandinterpretthefinancialstatementsbetter.Thefollowingtopicsareprimarilycoveredinthispaper: RegulatoryandconceptualframeworkoffinancialreportingFinancialstatementpreparationAnalysisandinterpretationoffinancialstatements F8–AuditandAssurance(AA):Thispaperwillprovideyoutheknowledgerequiredtocarryoutassuranceengagementensuringthatyouunderstandalltherelatedprofessionalregulatoryframeworksforthesame.Thefollowingtopicsareprimarilycoveredinthispaper: TheregulatoryframeworkforauditsPlanningandriskassessmentKnowledgeofinternalcontrolRecordingauditevidenceReviewingandreportingauditoutcomes F9–FinancialManagement(FM):Thispaperteachesyouhowthefinancialmanagersusetheirknowledgeandexpertiseformakinginvestments,financingandvariousotherdecisions.Thefollowingtopicsareprimarilycoveredinthispaper: FunctionsofafinancialmanagerFinancialmanagementenvironmentInvestmentappraisalandbusinessvaluationManagementofcostofcapitalandbusinessfinanceWorkingcapitalmanagementBusinessriskassessment Essentialslevel Thismoduleprovidesyouwithsomeofthemostessentialandspecializedskillsthatarerequiredtobecomeanexcellentaccountant.Infact,suchskillswillopendoorsforyoutoopportunitiessuchashigh-leveladvisoryrolesorconsultancy. P1/P3–StrategicBusinessLeader(SBL):ThispaperintendstoconcentrateonthingsthatyouwillberequiredtodwelluponasapartoftheBoardofDirectorsofanorganization.Basically,youwillbetaughthowtotakeabigpictureapproachfordecidingonstrategiesandcorporategovernanceissuesononehand,andtakeamoremeticulousapproachfordevelopingpoliciesoninternalcontrolsandauditsontheother.Thefollowingtopicsareprimarilycoveredinthispaper: RoleandfunctionofgovernanceinthemanagementofanorganizationRoleofanaccountantinriskassessmentEthicalframeworkforprofessionalvaluesandjudgment P2–StrategicBusinessReporting(SBR):Thispaperaimstoleverageyour existingknowledgeofbasicfinancialreportingtodevelopunderstandingofmorecomplexfinancialreportingissues.Thefollowingtopicsareprimarilycoveredinthispaper: ProfessionalandethicaldutiesofanaccountantFrameworkforfinancialreportingPreparationoffinancialstatementsforgroupentitiesStudyprobablefinancialreportingissuesImplicationsofchangesinaccountingregulationEvaluationofcurrentdevelopments Options Thismoduleallowsyouthechoicetoselect2papersoutoftheavailable4papers.Theobjectiveofthismoduleistoprovideyouthesubjectsthatarebestsuitedtoyourfieldofinterestandcareeraspirations. P4–AdvancedFinancialManagement(AFM):Thispaperprovidesyouanin-depthunderstandingofthefinancialworld.Italsohelpsyoutodevelopyourtheoreticalskillssothatyoubecomemoresuitedfortherolesofseniorfinancialadvisorsandexecutives.Thefollowingtopicsareprimarilycoveredinthispaper: StakeholdermanagementAdvancedinvestmentappraisalCorporatere-organization,acquisitionsandmergersAdvancedriskmanagementtechniquesEmergingissuesintheworldoffinance P5–AdvancedPerformanceManagement(APM):Thispaperaimstohoneyourskillsbyteachingadvancedmanagementaccountingtechniques.Ithelpsyoutodevelopyourabilitytoassesstheperformanceanddevelopmentofglobalorganizationsmoreaccurately.Thefollowingtopicsareprimarilycoveredinthispaper: AssessmentofstrategicdevelopmentandperformanceofanorganizationEvaluationofexternalfactorsPerformancesystemsanddesignCurrentglobaldevelopments P6–AdvancedTaxation(ATX):Theobjectiveofthispaperistoprovideyoutheknowledgerequiredforunderstandingtheimpactoflarge-scaletaxationonfinancialdecision-making.Thefollowingtopicsareprimarilycoveredinthispaper: UKtaxsystemanditsimpactsTaxplanningmethods Clientcommunication P7–AdvancedAuditandAssurance(AAA):Thispaperhelpsyoutoimproveyouranalysisandevaluationtechniques.Italsodevelopsyourassuranceengagementreportingandotherauditandassurancerelatedissues.Thefollowingtopicsareprimarilycoveredinthispaper: ConceptualandregulatoryframeworkforauditPreparationoffinancialstatementsAnalysisandinterpretationtechniques Thetimerequiredtoprepareeachpaper Thetimerequiredtoprepareeachpaperdependsontheskilllevelofeachindividualandhenceitisanabsolutelysubjectivething.However,basedonvariousopinions,itcanbesaidthateachpaperfromthefundamentalleveltakesapproximately1month,whileeachstrategicprofessional-levelpapertakesapproximately2.5months. Difficultylevelofeachpaper Thelevelofdifficultyofeachpapercanvaryfrompersontopersonasitisasubjectivematterwhichdependsalotonyourskilllevel,areaofinterestandperception.However,oneofthemosteffectivewaystodecideonthelevelofdifficultyisthehistoricalpassrate.Thehistoricalpassrateshowshowmanypeoplecouldpasstheexamandtypicallyalowerpassrateindicatesthatthepaperisrelativelymoredifficult.Assuch,fromthebelowtable,itcanbeinferredthatF1(AccountantinBusiness)istheeasiestpaperwithhighestpassrateof85%inJune2019,whileP7(AdvancedAuditandAssurance)isthetoughestpaperwithlowestpassrateof30%inMarch2019.However,pleasenotethatthisisjustanopinion.  Table:HistoricalpassratesofACCApapers Readmore:ADayIntheLifeofaFinancialAnalyst AskProschool SelectyourCity Bangalore Chennai Delhi Gurgaon Hyderabad Kochi Kolkata Mumbai Pune Others Enquiredfor --Finance PGPInvestmentBanking&CapitalMarkets NSE-FinancialModelingCertification CFP CFA CertificateinInvestmentBanking --Accounts PGPManagementAccounting ACCA CIMA IFRS --DigitalTransformation PGDDataScience CertificateInDataScience BusinessAnalytics DigitalMarketing CertificateinCyberSecurity DataVisualization GetinTouch February20,2020/byArindamDas https://www.proschoolonline.com/wp-content/uploads/2020/02/mortar-board-graduation-diploma_53876-47088.jpg 456 700 ArindamDas https://www.proschoolonline.com/wp-content/uploads/2018/03/proschoolonline-logo.jpg ArindamDas2020-02-2012:08:222022-03-2511:46:07ACCAsyllabusandACCApaper|TopthingstolearnandtimerequiredforeachACCApaperYoumightalsolike AreourjobsgoingtobereplacedbyMachines? 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