| The exams are divided into two levels – Fundamentals
and Professional. The Fundamentals level
is divided into two modules – Knowledge and Skills.
The Knowledge module introduces students to the
core areas of financial and management accounting.
This provides the platform from which the other
technical accountancy areas will be studied in greater
detail in the Skills module. The Skills module contains
six subjects which comprehensively cover the main
technical areas that any accountant – regardless
of their future career aspirations – are expected
to have mastered. These comprise law, performance
management, taxation, financial reporting, auditing,
and financial management.
The Professional level is divided into
two modules – Essentials and Options. Both modules
have been set at an intellectual level equivalent
to that expected of a student taking a Masters degree.
The focus of the syllabus at this level is to build
upon the technical skills already acquired, and
explore more advanced professional skills, techniques,
and values that are required and used by the expert
accountant acting in an advisory or consultancy
role at a senior level. All students must complete
the three papers in the Essentials module. The Options
module contains four papers. These are directly
underpinned and supported by their equivalent within
the Skills module in the Fundamentals level. These
exams assess the more advanced and sophisticated
techniques that a professional needs in order to
specialise in specific areas at work, or to follow
as a career pathway in an advisory or consultancy
role. Students select two out of four Option papers
and are advised to choose the options that relate
to their chosen or anticipated field of work.
The ACCA qualification includes 16 subjects of
which student must attempt and pass 14. On the left,
is a list of the papers accompanied by a brief outline
as to the aims of the syllabus and what learning
outcomes they would receive by studying the subject.
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