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
F9 Financial Management (FM)
F8 Audit & Assurance (AA)
F7 Financial Reporting (FR)
F6 Taxation (TX)
F5 Performance Management (PM)
F4 Corporate & Business Law (CL)
Knowledge Module
F3 Financial Accounting (FA)
F2 Management Accounting (MA)
F1 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)
P7 Adv Audit & Assurance (AAA)
P6 Adv Taxation (ATX)
P5 Adv Performance Management (APM)
P4 Adv Financial Management (AFM)
Essentials Module
P3 Business Analysis (BA)
P2 Corporate Reporting (CR)
P1 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: – F4 Corporate and Business Law (Malta
Variant)
– F6 Taxation (Malta Variant)
– P6 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
P1 (Professional Accountant)
• Best taken when – or before – sitting P1
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 :
 Your background of accountancy
 Your work experience
 Time constraints
 The desired speed of completion
Extra Fast route
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First sitting – F1,F2,F3 (CBEs), F4
Second sitting – F5, F7, F8
Third sitting – F6, F9
Forth sitting – P1, P2, P3
Fifth sitting – P6, P7
Qualified in 2.5 years
Fast route
•
•
•
•
•
•
First sitting – F1,F2,F3 (CBEs), F4
Second sitting – F5, F7
Third sitting – F8, F9
Forth sitting – F6
Fifth sitting – P1, P2, P3
Sixth sitting – P6, P7
Qualified in 3 years
Moderate route
•
•
•
•
•
•
•
First sitting – F1,F2,F3 (CBEs)
Second sitting – F5, F7
Third sitting – F4, F8
Forth sitting – F6
Fifth sitting – F9, P1
Sixth sitting – P2, P3
Seventh sitting – P6, P7
Qualified in 3.5 years
Slow route
•
•
•
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First sitting – F2,F3 (CBEs)
Second sitting – F1, F4
Third sitting – F5, F7
Forth sitting – F8, F9
Fifth sitting – F6
Sixth sitting – P1/P3, P2
Seventh sitting – P1/P3, P7
Eight sitting – P6
Qualified in 4 years
Extra slow route
•
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First sitting – F1
Second sitting – F2, F3
Third sitting – F4
Forth sitting – F5
Fifth sitting – F7
Sixth sitting – F8, F9
Extra slow route
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Seventh sitting – F6
Eight sitting – P1
Ninth sitting –P2
Tenth sitting – P3
Eleventh sitting – P6, P7
Qualified in 5.5 years
Any Questions
kfarrugia@bpp.com