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How Many Acca Exams Are There


How Many Acca Exams Are There

Hey there, future ACCA superstar! So, you're thinking about taking the plunge, huh? Awesome! But before you dive headfirst into a mountain of textbooks, you're probably wondering: "Just how many ACCA exams are there, anyway?" It's a fair question. Don't worry, I got you covered (with a coffee refill and maybe a biscuit, virtually speaking, of course!).

Alright, let's get down to brass tacks. The grand total of ACCA exams you'll need to conquer is… drumroll please… thirteen! Yes, thirteen. Sounds like a lot, right? Well, it kinda is. But think of it as thirteen mini-boss battles on your way to becoming a fully fledged, certified ACCA professional! Each one you defeat gets you closer to that sweet, sweet qualification.

Now, before you faint from the sheer number, let's break it down a little. They're not all created equal. The ACCA exams are split into three main levels. Think of it as a video game: you've got your beginner levels, your intermediate challenges, and the final boss fights!

The Three Levels of ACCA Exams

1. Applied Knowledge: This is where you get your feet wet. Think of it as ACCA 101. These exams are pretty much focused on the fundamentals. We're talking business and technology, management accounting, and financial accounting. Easy peasy, right? Well, relatively speaking, anyway. You need to grasp these foundations, because they underpin everything else.

There are three exams in the Applied Knowledge section:

ACCA | Association of Chartered Certified Accountants
ACCA | Association of Chartered Certified Accountants
  • Business and Technology (BT)
  • Management Accounting (MA)
  • Financial Accounting (FA)

2. Applied Skills: Okay, now we're getting into the good stuff. This level is all about applying that knowledge you gained in the first stage. You'll be dealing with things like corporate and business law, performance management, taxation, financial reporting, audit and assurance, and financial management. Exciting, huh? (Okay, maybe not exciting, but definitely important!).

Here's the breakdown of the Applied Skills exams:

Pass rates announced for ACCA’s first exam sitting for 2019 | EURACTIV PR
Pass rates announced for ACCA’s first exam sitting for 2019 | EURACTIV PR
  • Corporate and Business Law (LW)
  • Performance Management (PM)
  • Taxation (TX)
  • Financial Reporting (FR)
  • Audit and Assurance (AA)
  • Financial Management (FM)

See? Six exams here. You’re half way there! Don’t you think you deserve another virtual biscuit at this point?

3. Strategic Professional: This is the final frontier! The ultimate test of your ACCA skills. This level is all about strategic thinking and making those big, impactful decisions. You’ll have two compulsory exams: Strategic Business Leader and Strategic Business Reporting. And then... wait for it... you get to choose two from a selection of options! Talk about freedom! (Sort of).

Attract new students and boost your business | ACCA Global
Attract new students and boost your business | ACCA Global

So, here's the final exam lineup:

  • Strategic Business Leader (SBL) - Compulsory
  • Strategic Business Reporting (SBR) - Compulsory
  • Advanced Financial Management (AFM) - Optional
  • Advanced Performance Management (APM) - Optional
  • Advanced Taxation (ATX) - Optional
  • Advanced Audit and Assurance (AAA) - Optional

Choose wisely, grasshopper! Your choices here can really tailor your ACCA qualification to your specific career goals. Thinking of going into tax? ATX might be a good shout. Want to be a financial whiz? AFM could be your jam. You get the idea.

ACCA | The Best Order to do ACCA Exams In
ACCA | The Best Order to do ACCA Exams In

So that's it! Thirteen exams standing between you and ACCA glory. But hey, look at it this way: you don't have to take them all at once! Phew! The ACCA is designed to be flexible, so you can study at your own pace. You can take a maximum of four exams in one sitting (but seriously, who does that?!), and you have plenty of time to complete them all.

Plus, you might even get some exemptions based on your previous qualifications. Score! Check the ACCA website to see if you're eligible for any. It could save you time and money (and who doesn't love saving money?).

The most important thing? Don't get overwhelmed. Take it one step at a time. Break down the syllabus, create a study plan, and find a study buddy to keep you motivated. And remember to treat yourself to plenty of virtual coffee and biscuits along the way! You got this!

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