Points You Need to Know to Prepare For ACCA Module Exams

What You Need To Know To Prepare For Knowledge ACCA Module Exams

There is a lot to unpack when preparing for The Association of Chartered Certified Accountants (ACCA) Exams. Working to receive your qualification from the globally recognized entity that offers premium accounting development will undoubtedly be worth your while. ACCA helps strengthen candidate qualities and knowledge of the industry and gain respect from prospective employers worldwide. The exam’s reputation as a competitive and comprehensive test leads companies to seek these high in-demand graduates actively. It will also help open doors directly through ACCA as the organization partners with all types of employers.

A Brief Overview of ACCA Modules

ACCA comprises of thirteen exam modules that are generally categorized into two levels: Applied Knowledge & Skills as the fundamental modules, and Strategic Professional Essentials and Options as the advanced modules.

The nine fundamental level courses (F1-F9) are aimed at students who need a more basic understanding of Business and Technology, Management Accounting, and Financial Accounting. It also focuses on the applied skills of Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management.

Beyond the fundamental modules are the advanced level subjects (P1-P6), including the following courses: Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance. These courses prepare you for a successful career through strategic and leadership development. It allows for a little more wiggle room for students to explore courses based on their chosen career path.

ACCA comprises of thirteen exam modules that are generally categorized into two levels: Applied Knowledge & Skills as the fundamental modules, and Strategic Professional Essentials and Options as the advanced modules.

The nine fundamental level courses (F1-F9) are aimed at students who need a more basic understanding of Business and Technology, Management Accounting, and Financial Accounting. It also focuses on the applied skills of Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management.

Beyond the fundamental modules are the advanced level subjects (P1-P6), including the following courses: Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance. These courses prepare you for a successful career through strategic and leadership development. It allows for a little more wiggle room for students to explore courses based on their chosen career path.

Where To Begin?

Let’s break down the following steps to prepare you for the Knowledge exams fully. Follow these tips.

Following these steps will encourage to study in the most productive and well-rounded way possible. Click herefor access to more resources.

Comparisons & Passing Rates

Each student is different and may have strengths in certain areas and need work in others. That said, there are general trends in comparing difficulties in exams as seen by how often students pass. In late 2020, passing rates included the following:

What Comes Next?

After your F1-F9 courses, you’ll be ready to move on to the more advanced modules under the Strategic Professional category. Additionally, you’ll be expected to take an Ethics and Professional Skills requirement at some point throughout your coursework.

There are many resources available to be fully prepared for ACCA Knowledge exams. Take advice from the experts, work on time management, take practice tests, and keep in mind the parts of the exams that are more difficult than others to ensure you pass. You’ve got this!

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