ACCA Students’ Notice Board

August 8

Results will normally be sent to you if you sat the exams in June and can also be viewed at myACCA.

A paper Examination Entry Form for December exams will be sent to you if you requested to receive in paper format.

Requests for an administrative review should be received within 15 working days from the release of June results.

September 8

Early exam entry closing date for December exams – for online applications only for December exams.

Requests for special exam centres must be received by this date for the December exam session.

September 30

Requests for special circumstances/assistance during December exams must be received by this date.

October

Appeals against an administrative review for June exams should be received by the first week of October, relating to June exams.

October 8

Standard exam entry closing date for December exams – online and paper applications for December exams.

Applications to change variant papers for December exams must be received by this date or changed on myACCA.

Requests for additional support during December exams must be received by this date.

Changes To ACCA Examinations

There are a number of changes happening to ACCA exams this year. The table below shows you a summary of the changes in the exam structure.

Foundation level – Introductory Certificate

Updated Syllabus and Study Guide effective from 26 February 2014

Exam Name Current Structure New structure (CBE from 26 February and June 2014 for the paper-based exam)
Paper FA1, Recording Financial Transactions 2hrs, 50 MCQs No change
Paper FA1, Recording Financial Transactions 2hrs, 50 MCQs No change

Foundation level – Intermediate Certificate

Updated Syllabus and Study Guide effective from 26 February 2014

Exam Name Current Structure New structure (CBE from 26 February and June 2014 for the paper-based exam)
Paper FA2, Maintaining Financial Records 2hrs, 50 MCQs No change
Paper MA2, Managing Costs and Finance 2hrs, 50 MCQs No change

Foundation level – Diploma

Updated Syllabus and Study Guide effective from 26 February 2014

Exam Name Current Structure New structure (CBE from 26 February and June 2014 for the paper-based exam)
Paper FAB, Accountant in Business 2hrs, 50 MCQs 2hrs, 46 OTs, 6 MTQs
Paper FMA, Management Accounting 2hrs, 50 MCQs 2hrs, 35 OTs, 3 MTQs
Paper FFA, Financial Accounting 2hrs, 50 MCQs 2hrs, 35 OTs, 2 MTQs

Foundation Level – Specialist exams

Updated Syllabus and Study Guide effective from December 2014 session

Exam Name Current Structure New structure (CBE from 26 February and June 2014 for the paper-based exam)
Paper FAU, Foundations in Audit 2hrs, 10 MCQs, 9 long questions No change
Paper FTX, Foundations in Taxation (see Note 1) 2hrs, 10 MCQs, 9 long questions No change
Paper FFM, Foundations in Financial Management 2hrs, 10 MCQs, 6 long questions No change

Note 1: For Paper FTX, as the tax exam year differs from the other papers, so the current Syllabus and Study Guide applies to the June and December 2014 sessions. For variant papers, check the session dates on the specific Study Guide.

ACCA Qualification – Fundamentals

Updated Syllabus and Study Guide effective from 26 February 2014

Exam Name Current Structure New structure (CBE from 26 February and June 2014 for the paper-based exam)
Paper F1, Accountant in Business 2hrs, 50 MCQs 2hrs, 46 OTs, 6 MTQs
Paper F2, Management Accounting 2hrs, 50 MCQs 2hrs, 35 OTs, 3 MTQs
Paper F3, Financial Accounting 2hrs, 50 MCQs 2hrs, 35 OTs, 2 MTQs

ACCA Qualification – Skills

New exam structure and revised Syllabus and Study Guides become effective from the December 2014 session

Exam Name Current Structure New structure (from December 2014)
Paper F4, Corporate and Business Law 3hrs, 10 essay-style questions 2hrs, 45 OTs, 5 MTQs
Paper F5, Performance Management 3hrs, 5 essay-style questions 3hrs, 20 OTs, 5 long questions
Paper F6, Taxation (see Note 2) 3hrs, 5 essay-style questions TBC
Paper F7, Financial Reporting 3hrs, 5 essay-style questions 3hrs, 20 OTs, 3 long questions
Paper F8, Audit and Assurance 3hrs, 5 essay-style questions 3hrs, 12 OTs, 6 long questions
Paper F9, Financial Management 3hrs, 4 essay-style questions 3hrs, 20 OTs, 5 long questions

Note 2: For Paper F6 (UK), the new structure will not be used until the June 2015 sitting, as the tax exam year differs from the other papers. The current Syllabus and Study Guide for Paper F6 (UK) applies to the June and December 2014 sessions. For variant papers, check the session dates on the specific Study Guide.

ACCA Qualification – Professional

No change to exam structure. Updated Syllabus and Study Guides take effect from December 2014 session

Exam Name Current Structure New structure
Paper P1, Governance, Risk and Ethics 3hrs, 3 case study questions No change
Paper P2, Corporate Reporting 3hrs, 3 case study questions No change
Paper P3, Business Analysis 3hrs, 3 case study questions No change
Paper P4, Advanced Financial Management 3hrs, 3 case study questions No change
Paper P5, Advanced Performance Management 3hrs, 3 case study questions No change
Paper P6, Advanced Taxation (see Note 3) 3hrs, 4 case study questions No change
Paper P7, Advanced Audit and Assurance 3hrs, 4 case study questions No change

Note 3: For Paper P6 (UK), as the tax exam year differs from the other papers, so the Syllabus and Study Guide for Paper P6 (UK) applies to the June and December 2014 sessions. For variant papers, check the session date on the specific Study Guide.

MCQ = multiple-choice question

The candidate has to select the correct answer from two, three or four possibilities.

OT = objective test question

A short question, capable of a discrete response – eg multiple choice, multiple response, number entry.

MTQ = multi-task question

MTQs contain a series of tasks for the student to complete which relate to one or more scenarios. These tasks can be made up of different question types – multiple choice, multiple response, multiple response matching, number entry, hotspots and gapfill questions.

Global ACCA Pass Rates

December 2013 ACCA Pass Rates %
F1 Accountant in Business 74*
F2 Management Accounting 61*
F3 Financial Accounting 57*
F4 Corporate and Business Law 43
F5 Performance Management 41
F6 Taxation 45
F7 Financial Reporting 39
F8 Audit and Assurance 35
F9 Financial Management 45
P1 Governance, Risk & Ethics 48
P2 Corporate Reporting 49
P3 Business Analysis 49
P6 Advanced Taxation 41
P7 Advanced Audit and Assurance 33

* Results achieved by students for paper-based and computer-based examinations.

Exemptions

ACCA offers exemptions from the ACCA Qualification and Foundation Level qualifications to students who have studied other relevant qualifications. This means you can start your studies at a level that is consistent with the knowledge and skills gained from prior learning and provides you with the quickest route to ACCA membership.

If you have gained additional qualifications after registering as a student, you may be eligible to claim further exemptions, which you can apply for at any time. Please contact ACCA Connect for further information.

What exemptions are available?

A maximum of nine papers at the Fundamentals level of the ACCA Qualification can be awarded. To preserve the integrity and rigour of the ACCA Qualification and to ensure that all students share a common experience, we do not award any exemptions at the Professional level.

Exemptions are also available for the Foundation Level qualifications.

No exemptions are awarded from any of the papers or modules examined within ACCA’s suite of post-professional qualifications.

No exemptions are awarded from the ACCA Qualification on the basis of work experience.

Should I claim my exemptions?

Exemptions stop you from having to study the same topics that you have already been taught. This is great if you have recently achieved a qualification, as it’s still fresh in your mind. However, if you are thinking of claiming an ACCA exemption based on qualifications you gained years ago, or if you have been working in a field other than accountancy for some time, you may need to take the exam.

Studying for the exam will allow you to refresh your knowledge and will ensure you are sufficiently prepared for the higher level papers, which go into topics in greater depth.

If you intend to complete the BSc degree in Applied Accounting, please be aware that Oxford Brookes University gives credit for exemptions awarded to ACCA students for any of the Fundamental level Papers F1 to F6, but a student must sit and pass the ACCA Fundamentals Papers F7, F8 and F9 to be eligible for the BSc degree. Oxford Brookes is not able to give credit for exemptions based on qualifications gained more than 10 years ago.

How to claim exemptions

To find out what exemptions you can claim please see link below:

https://portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx

Please note:

  • You must send official proof of any qualifications, such as academic transcripts or award certificates, along with your registration form so that we can assess if you are eligible for exemptions.

  • Online print outs of academic transcripts are not acceptable. Only copies of official documentation signed and stamped by the awarding body, can be accepted.

  • Any documents not in English must be officially translated before they are sent to us. Please note that where documents have been issued in a language other than English, we require a photocopy of both the original language documents and a copy of the official English translation.

  • ACCA can only award exemptions for qualifications from recognised institutions (those recognised by the local Ministry of Education). If your institution is not listed on the exemption enquiry database, please ask your institution to send copies of their documents to ACCA for review.

  • If ACCA has not been given the opportunity to fully assess a qualification by an awarding body, then that qualification may not be accredited. In this case, fewer exemptions may be available. Unfortunately ACCA does not consider applications from students for further exemptions in these circumstances.

Exemptions fee

You will need to pay a fee for each paper we award an exemption for. Exemptions are charged at the early exam entry fee.

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