Up to nine exemptions are available from the Fundamentals level of the ACCA Qualification. No exemptions are available from the Professional level.
The number of exemptions you can claim will depend on how closely your previous qualifications match the content of the ACCA syllabus. For example, if you have completed a relevant degree from an ACCA-accredited university, you may be eligible to claim exemption from up to all nine exams within the Fundamentals level
acca exams
The ACCA Qualification exam syllabus is divided into two levels; Fundamentals and Professional.
The Fundamentals level is divided into two modules; Knowledge and Skills.
The Knowledge module introduces you to the core areas of financial and management accounting, providing the platform from which the other technical accountancy areas will be studied in greater detail. The Skills module contains six subjects which comprehensively cover the main technical areas that any accountant, regardless of their future career aspirations, is expected to have mastered.
FUNDAMENTALS (nine papers in total)
Knowledge
F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
Skills
F4 Corporate and Business Law
F5 Performance Management
F6 Taxation
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Management
The Professional level is divided into two modules; Essentials and Options.
Both these modules have been set at an intellectual level equivalent to that expected of a student taking a Masters degree. The focus of the syllabuses 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 have to complete the three papers in the Essentials module. The Options module contains four papers, but you only need to complete two.
PROFESSIONAL (five papers in total)
Essentials
P1 Professional Accountant
P2 Corporate Reporting
P3 Business Analysis
Options (two to be completed)
P4 Advanced Financial Management
P5 Advanced Performance Management
P6 Advanced Taxation
P7 Advanced Audit and Assurance
