A Complete Roadmap To 13 ACCA Subjects: Step-by-Step Guide

The ACCA is a globally recognized credential that offers prospective financial professionals the best route to success in 180 countries.13 ACCA subjects cover diverse areas such as Accounting, Financial Management, Taxation, Auditing, Financial Reporting, and more, making sure students gain well-rounded expertise to pursue a successful career in finance.

Whether you are beginning your Association of Chartered Certified Accountants (ACCA) journey or planning your exam sequence with ACCA exams, this guide will help you navigate the comprehensive 13 subjects of ACCA, from the foundational knowledge level, skill level and professional level.

Understanding ACCA Subjects Level

ACCA subjects are typically divided into 3 levels – Knowledge (3 papers), Skills (6 papers), and Profession (4 papers), and 2 subjects are optional at this level.

A) Knowledge Level

1. Business and Technology

The first Association of Chartered Certified Accountants subject teaches how businesses work and the role of the accounting professional. This topic explores legal, ethical and economic aspects of business. Moreover, it explores how external factors, such as the environment, government, or economy, can influence an organisation.

2. Financial and Accounting

If you aspire to be a financial accountant, the ACCA course makes sure you learn the right tools to trade. This paper helps students learn essential concepts, techniques, and principles in financial accounting, such as establishing statements and double-entry bookkeeping.

3. Management Accounting

ACCAs can hold essential positions in management accounting! This ACCA subject helps students identify various management accounting techniques, ways to support businesses, evaluate performance levels, and improve productivity through proficient management.

B) Skills Level

4. Corporate Business Law

Law and finance work concurrently! Law introduces a legal framework relevant to business, ensuring you gain proficiency in corporate governance, employment law, and contracts. You need to navigate the legal landscape to guide your clients and employers through potential challenges.

5. Taxation

Determining taxation is essential for every accountant. This subject covers personal and business taxation, ensuring you navigate through regulations, tax codes, and planning, so that you can become an expert in tax advisory and compliance.

6. Financial Reporting

 Financial Reporting emphasizes reporting requirements for complex entities. The Association of Chartered Certified Accountants syllabus prioritizes international accounting standards and helps students to gain expertise in preparing and evaluating unified financial statements.

7. Performance Management

Performance Management delves into performance analysis and strategic planning! From evaluating risk to streamlining business performance, this subject prepares you to make data-driven decisions.

8. Financial Management

This topic enables students to learn relevant skills, concepts and knowledge required in management. This includes policy-making decisions, investment options and other financial aspects of organizations.

9. Audit and Assurance

In this subject, students will explore audit and assurance principles. You will learn how to analyze risk, collect evidence and offer insights to stakeholders. Students who take this course are better equipped to guarantee the accuracy of financial data.

C) Professional Level

Compulsory Subjects

10. Strategic Business Leader

A strategic business leader blends leadership and technical expertise. It challenges students to apply knowledge to real-world scenarios, test strategic thinking and decision-making skills.

11. Strategic Business Reporting

Strategic Business Reporting priortizes advanced financial reporting techniques and professional ethics. Students dive into the complexities of financial reporting for multi-national organizations and enable you to make ethical decisions in challenging situations as a financial professional.

Optional Subjects (Select any 2)

12. Advanced Financial Management

Advanced Financial Management helps students develop skills to make strategic financial decisions in a complex and diverse business environment. Topics in this subject involve Mergers and Acquisitions, Financial Strategy, and Risk Management.

13. Advanced Performance Management

The goal of Advanced Performance Management is to enhance your capacity to use strategic management accounting techniques in ever-changing corporate contexts.It covers measurement, management, business evaluation, and strategic planning.

14. Advanced Taxation

Advanced Taxation focuses on advanced taxation issues, allowing students to determine the complexities of business and personal taxation. It covers topics such as international aspects of taxation, individual tax issues, and corporate tax planning.

15. Advanced Audit and Assurance

Advanced Audit and Assurance explores complex audit issues, emerging trends, and ethical considerations.

Conclusion

Mastering all 13 Association of Chartered Certified Accountants subjects may seem overwhelming, but by adopting a structured approach, students can develop a robust foundation to progress through each level. With careful planning, you are likely to develop skills required to pursue successful career in finance and accounting. To learn more about the ACCA course details, connect with Zell Education today!

FAQs

1. Is completing the ACCA in a year feasible?

It is challenging to complete ACCA exams in one year, as students need 3 years of practical industrial experience and complete the ethics module, which lengthens completion time.

2. How many attempts are allowed for ACCA exams?

There is no limit to ACCA exam attempts; students can apply for the paper as many times as needed until they pass. However, you need to register and pay fees for the exam for each attempt.

3. How are ACCA exams structured?

ACCA exams follow multiple-choice questions, objective and specific scenario-based questions; however, the format may vary as you progress through the subject level.

4. For each ACCA Subject, what are the passing scores?

The passing mark for each subject of the ACCA exam is 50%.

5. When does the annual ACCA exam take place?

Every year, the ACCA exams take place in March, June, September, and December. Students are free to prepare for the exam as they prefer.