Syllabus
ACCA 2012 Syllabus
This guide is an important summary for those ACCA Students who are currently studying their ACCA professional qualification.
If you are a student facing a retake examination we want to ensure that you are up to date with the recent changes to the syllabus and do not spend valuable time revising topics that are no longer covered in the exam.
Where topics have been added to the syllabus, these changes will be covered appropriately in LSBF material and courses.
Key Points - 2011 Syllabus Update
- Overall there is no actual structural change to the syllabus; you will still have to complete all 14 papers, including a choice of 2 out of 4 options.
- The rules relating to: registration, exemption and progression through the syllabus are unchanged.
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There will be the same number of papers at each level, covering the same broad subject matter with one change.
- P1 "Professional Account" will now be referred to as "Governance, Risk and Ethics"
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The examinations will continue to be set twice a year, taking place in June and December
- With Computer Based Examination available for the three papers in the Knowledge module
Fundamentals Knowledge Module (Papers F1, F2, F3)
No changes to the Knowledge Module will be made until December 2011.
However, we advise all students studying for Paper F3 in 2011 to do so under the International Stream.
Fundamentals Skills Module (Papers F4 to F9)
| F4 Corporate Business Law | No changes to syllabus | |
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F5 Performance Management |
Implications of switching costing techniques for pricing, sales strategy, performance management and decision-making. |
Additional decision-making techniques and advanced variance analysis. |
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F6 Taxation |
Nothing deleted from the syllabus. Change to exam paper format to reflect simplification of capital gains tax. |
Inheritance Tax and additional VAT knowledge. |
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F7 Financial Reporting (INT) |
Nothing deleted from the syllabus |
Consolidation exemptions and exceptions. |
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F8 Audit and Assurance |
Planning and Risk Assessment |
Audit Framework and Regulation; Internal Control; Audit Procedures and Audit Evidence. |
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F9 Financial Management |
Nothing deleted from the syllabus |
Concepts of Islamic Finance |
Professional Level Core (Papers P1, P2 and P3)
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P1 Governance, Risk and Ethics |
Nothing deleted from the syllabus |
Identifying and Assessing Risk; |
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P2 Corporate Reporting (INT) |
Hyperinflation Implementation issues on adoption of IFRSs IFRIC interpretations |
Reconstruction schemes; |
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P3 Business Analysis |
Quality Issues Performance Management Reward Management |
Cost and Management Accounting; |
Professional Level Options (Papers P4, P5, P6 and P7)
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P4 Advanced Financial Management |
Preparing advice on personal finance Predicting corporate failure (old sections D1 a & b) Emerging financial derivatives |
Financial Strategy Formulation – risk diversification; Current developments |
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P5 Advanced Performance Management |
Pricing |
Performance measurement systems and design; Strategic performance measurement; Performance evaluation and corporate failure; Current developments. |
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P6 Advanced Taxation |
Nothing deleted from the syllabus |
No additions to the syllabus |
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P7 Advanced Audit and Assurance |
Some basic aspects of practice management, assignments and reporting. |
The impact of internal audit on an external audit. |
(Students who are yet to commence studies of any ACCA paper are unaffected).
Entry Requirements
We can offer you various entry points on to the ACCA Qualification, depending on your previous academic qualifications.
Minimum entry requirements
- two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.
Graduate-entry route
Relevant degree holders from ACCA-accredited institutions may be exempted from all nine exams within the Fundamentals level and register directly at the Professional level. Degrees with some relevance may also qualify for exemptions.
Access to ACCA via Foundations in Accountancy
- no academic qualifications required
- complete the Diploma in Accounting and Business through the Foundations in Accountancy route, and you can continue your studies with the Certified Accounting Technician Qualification, or you can transfer onto the ACCA Qualification, miss out the first three exams and continue your studies from the fourth exam (F4 – Corporate and Business Law) onwards.
