Applied Knowledge is the introductory module to the ACCA program. At Applied Knowledge stage, the ACCA aspirant is introduced to the world of finance and accounting.
To clear Applied Knowledge stage, the student has to clear the following 3 examinations:
All the three examination follow the same structure that is:
On completion of Applied Knowledge level the student is expected to be adept at basics of Accounting and Management Accounting. Students pursuing B.Com / BBA and aspiring to build a career in Finance, Accounting and Control, should start the ACCA journey with the Applied Knowledge level.
B.Com graduates / Students who have cleared CA Intermediate (or IPCC) or CMA Finalists, are exempted from the Applied Knowledge level and can start straight at the Applied Skill Level.
Applied Skills is the second level of the ACCA program. At Applied Skills level a ACCA aspirant not only develops strong fundamentals in finance and accounting but build an underatnsing on its strategic integration with overall business.
To clear the Applied Skills level, a ACCA aspirant has to clear the following 6 examinations:
All the examinations except LW follow the following structure that is:
For LW the duration is 2 hours and the Exam is on demand.
Qualified Chartered Accountants and ACMA / FCMA are exempted from the Applied Knowledge level and can start straight at the Strategic Professional Level.
Strategic Professional is the final level of the ACCA examination. There are two modules at Strategic Professional Level.
Options (Any Two):
To complete the Strategic Level, an ACCA aspirant is required to appear for both the subjects in Essential module and chose any 2 out of the 4 subjects in the Options Module
Strategic Level papers prepares the students for the unstructured real world of finance. The intent of this level is to prepare the professional for leadership positions in future by developing strategic vision and robust technical skills and unwavering pledge to always conduct oneself in an ethical and professional manner.
To qualify as an ACCA member, students must complete 36 months’ relevant work experience and achieve 9 performance objectives.