ACCA Entry Requirements
ACCA Professional Entry
Three GCSEs/O levels and two A Levels in five separate subjects including Maths and English or their equivalent are required for this accountancy qualification. Knowledge in Accounts is not required, although beneficial to students throughout their studies. (Those enrolling with ACCA with the minimum entry requirements including Accounts at O or A Level standard, are not eligible for any exemptions.)
|Work experience||Three years|
|Number of exams||Up to fourteen, depending on exemptions|
|How long does it take||Three to four years on average|
|What else is involved||A Professional Ethics Module|
Foundation Level Entry
None, it is open access. So if you do not have the entry requirements to start at the ACCA Qualification, you can start your studies here.
If you are starting out in accounting and finance or are already working in finance but have no formal qualifications, you can start your journey with ACCA at the foundations level, to obtain a Diploma in Accounting and Business before moving onto the ACCA Qualification.
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.
A maximum of nine papers at the Fundamentals level of the ACCA Qualification can be awarded. Exemptions may not apply depending on the chosen variant on some papers. To preserve the integrity and rigour of the ACCA Qualification and to ensure that all students share a common experience, ACCA does not award any exemptions at the Professional level.
Exemptions are also available for the Foundation Level qualifications.
No exemptions are awarded:
For O or A levels.
On the basis of work experience.
Students can check the exemption enquiry database from the following link to find out which exemptions they can claim.
ACCA Increases Exam Session Frequency
In 2016 ACCA introduced four exam sessions a year, providing greater flexibility to both students and employers. ACCA exam sessions will now take place in: March, June, September and December.
How will the four exam sessions impact students and employers?
Students can spread their exams over the sessions, helping them to maximise chances of success
Students can better fit the exams around their lives
Students can take resits quicker, helping them to progress through the qualification quicker
Students can take resits earlier, helping them to take an extra exam each year, and progress faster
Employers now have greater flexibility to fit exam sessions around their peak periods
The additional exam sessions fit better around recruitment and appraisal cycles
Employers can better align with local learning providers to offer the type of tuition support required
Dual Session Exam Booking
Students can now enter for two consecutive exam sessions (refers to two adjoining exam sessions, for example March and June, not March and September) at the same time, with dual session booking. This means that students can plan ahead while taking advantage of the cheapest exam fees.
With dual session exam booking you can enter for the next two exam sessions. If you are entered for one session or waiting on your exam results, you can enter for the following subsequent exam session.
As with all exam entries, you can amend or withdraw your exam entry up until the standard deadline with fees being credited back to your myACCA account, if applicable.
The exam opening and deadline dates can be found in the students section of the ACCA website including the ACCA Exam Planner to help schedule your exams.
From September 2015, ACCA relaxed the progression rules at the Professional level, to provide additional flexibility to students reaching this level. This means that students are now able to take exams within the Essential (P1-P3) and Option (P4-P7) modules in any order. ACCA still have progression rules in place at the Fundamentals level (F1-F9) of the exams.
Papers must be taken in line with the following module order, however students can attempt the papers within each module in any order:
Knowledge (F1-F3) – available by computer-based exam (CBE)
Skills (F4-F9) – all available by paper-based format with F4 English and F4 Global also available by CBE
Professional (Essentials P1-P3 and Options P4-P7) – available by paper-based format
If your status allows you to enter for papers across modules, please remember that you must complete the papers in order and enter for outstanding papers in your current module if you wish to enter to sit papers in the next module.
Why Are ACCA Exams Changing
Ultimately ACCA is making these changes to benefit ACCA students and employers, with changes coming as a result of feedback and an extensive approach to exam development.
All of the recent and upcoming changes that ACCA are making to their exam offering are based on their vision of “Providing innovative, market leading assessment and learning support, enhancing the flexibility and relevance of our qualification through technological solutions, which maintain or improve the rigour and security of assessments.”
Exam Support Resources
There are a wide range of resources available through the link below to support students with their preparation for success in their exams. Students can practice exam-style questions, gain insights from the Examining Team on how to approach the exam, and access the syllabus and study guide to broaden one’s understanding of exam topics.