What are the
changes to the
ACCA
Qualification?
FUNDAMENTALS : Knowledge F1, F2, F3
FUNDAMENTALS
PROFESSIONAL
Knowledge
Skills
Essentials
Options
F1
F2
F3
F4
F5
F6
F7
F8
F9
P1
P2
P3
P4
P5
P6
P7
FUNDAMENTALS : Knowledge F1, F2, F3
New exam style
Amended
syllabuses
F3 - one version
MAIN SYLLABUS DIFFERENCES
F1
Sections slightly reordered, contains more on accounting
information and reports. Focuses more on fraud, accounting
systems, money laundering and ethics, including conflict
resolution.
F2
More focus on planning, control and performance
measurement, such as budgeting and standard costing.
Amended to better underpin F5.
F3
More emphasis on the regulatory framework, drafting
accounts and on reporting business transactions and the
accounts of unincorporated business. This syllabus also
includes more on basic consolidations of accounts and
interpretation.
Better underpins F7 in syllabus and question type as 15 mark
questions introduced in CBE and paper exams.
FUNDAMENTALS : Knowledge F1, F2, F3
Paper F1, Accounting in Business
Section A
• 16 x one-mark short
objective test
questions and 30 x
two-mark short
objective test
questions
Section B
• 6 x four-mark longer
version objective test
questions, one taken
from each of the six
sections of the
syllabus
FUNDAMENTALS : Knowledge F1, F2, F3
Paper F2, Management Accounting
Section A
• 35 x two-mark short
objective test
questions
Section B
• 3 x 10-mark longer
version objective test
questions – one taken
from each of the
budgeting, standard
costing and
performance
measurement
sections of the
syllabus
FUNDAMENTALS : Knowledge F1, F2, F3
Paper F3, Financial Accounting
Section A
• 35 x two-mark short
objective test
questions
Section B
• 2 x 15 mark longer
version objective test
questions with one
question based on
group accounts and
the other on
preparation of
financial statements
FUNDAMENTALS : Skills F4, F5, F6, F7, F8, F9
FUNDAMENTALS
PROFESSIONAL
Knowledge
Skills
Essentials
Options
F1
F2
F3
F4
F5
F6
F7
F8
F9
P1
P2
P3
P4
P5
P6
P7
FUNDAMENTALS : Skills F4, F5, F6, F7, F8, F9
F4 - no changes
F5 - decisionmaking,
environmental
accounting
F6 (UK) - IHT, overseas
transactions for VAT
FUNDAMENTALS : Skills F4, F5, F6, F7, F8, F9
F7 - legal / regulatory
info, UK based on IFRS
F8 - updated syllabus
F9 - Islamic finance
PROFESSIONAL : Essentials P1, P2, P3
FUNDAMENTALS
PROFESSIONAL
Knowledge
Skills
Essentials
Options
F1
F2
F3
F4
F5
F6
F7
F8
F9
P1
P2
P3
P4
P5
P6
P7
PROFESSIONAL : Essentials P1, P2, P3
P1 - business risk
Governance,
Risk
Professional
and Ethics Accountant
PROFESSIONAL : Essentials P1, P2, P3
P2 - SMEs,
consolidated accounts,
entity reconstructions
P3 –management
accounting added
PROFESSIONAL : Options P4, P5, P6, P7
FUNDAMENTALS
PROFESSIONAL
Knowledge
Skills
Essentials
Options
F1
F2
F3
F4
F5
F6
F7
F8
F9
P1
P2
P3
P4
P5
P6
P7
PROFESSIONAL : Options P4, P5, P6, P7
P4 - syllabus rearranged
P5 - remove overlap
with F5 and P3
P6 (UK) - June 2013 - basic
IHT removed
PROFESSIONAL : Options P4, P5, P6, P7
P7 - internal audit amended,
practice management,
assignments and reporting
removed
Changes to style of
questions in Section A to
integrate requirements and
make more “real life”