Waqas M.

The ACCA Qualification is the professional body's main qualification. Following completion of up to 14 professional examinations, three years of supervised, relevant accountancy experience and a professional ethics module, it enables an individual to become a Chartered Certified Accountant. The ACCA professional examinations are offered worldwide twice yearly, in June and December as paper-based exams. Computer-based exams are also offered for the first three exams (F1, F2 and F3) which are available to take at ACCA licensed exam centres throughout the year. A Bachelor of Science (Honours) degree in Applied Accounting (after completing the Fundamentals level of the exams, the professional ethics module and submitting a Research and Analysis project), is offered in association with Oxford Brookes University. The syllabus comprises 14 examinations, although some exemptions are available. The qualification is structured in two parts. The Fundamentals level consists of 9 examinations: F1 Accountant in Business, F2 Management Accounting, F3 Financial Accounting, F4 Corporate and Business Law, F5 Performance Management, F6 Taxation, F7 Financial Reporting, F8 Audit and Assurance, and F9 Financial Management. The Professional level involves 5 examinations. Within the Professional level three papers are compulsory: P1 Governance, Risk and Ethics; P2 Corporate Reporting; and P3 Business Analysis. Two of the following four options papers must also be completed: P4 Advanced Financial Management, P5 Advanced Performance Management, P6 Advanced Taxation and P7 Advanced Audit and Assurance.