ACCA Subjects & Syllabus 2023 - Exam Pattern

Updated on Sep 27, 2023 - 6:42 p.m. IST by Team Careers360

ACCA Subjects and Syllabus 2023 - ACCA course is divided into three levels namely Knowledge Level,
Skill Level and Professional Level. ACCA subjects list cover various verticals of finance, accounting,
taxation, and business-related aspects. The ACCA course syllabus consists of a total of 13 subjects
such as business and technology, management accounting, financial accounting, corporate and
business law, taxation, performance management, financial reporting, audit and assurance, financial
management, etc. Candidates preparing for ACCA must take note of the subjects included in the
ACCA exam. Read the complete article to know more about ACCA 2023 subjects and syllabus, exam
pattern and other relevant information.
Also check - ACCA Full Form

ACCA Exam Pattern

The first four ACCA exams (BT, MA, FA, and LW) are on-demand, which can be booked through an
approved nearby ACCA centre any time during the year. The remaining nine exams are conducted
four times a year in the months of March, June, September, and December. The ACCA paper pattern
has two parts: computer-based exam and paper-based exam, that include MCQ-based and scenario-
based questions. The ACCA paper-wise exam pattern is mentioned below.

ACCA Paper Wise Exam Pattern 2023

Paper Pattern

There will be around 50 MCQ-based question.

Papers F1 to F4
Each question will carry 2 marks.
 In this section there will be 60% MCQ based
and 40% long answer questions.
Section A - 15 questions, two marks each.
Section B - Comprises three scenario-based
questions containing 15 marks each. Each
Papers F5 to F9 scenario is followed by five MCQ based
questions.
In long answer type questions: A scenario will
be given and 3–4 questions will be asked on the
basis of the given scenario.

Scenario based questions.

Section A - A case study worth 50 marks will be
given and 4 to 5 questions will be asked on it. It
Papers P1 to P6
also includes 4 to 6 professional marks also.
Section B - 3 cases out of which 2 need to be
attempted. Each carrying 25 marks.

ACCA Syllabus 2023

ACCA Levels ACCA Subjects

ACCA Diploma in Financial and Management

Accounting (RQF Level 2)

ACCA Diploma in Financial and Management

Accounting (RQF Level 3)
Foundation

ACCA Diploma in Accounting and Business (RQF

Level 4)

Certified Accounting Technician (CAT)

F1 - Business & Technology (BT)

Knowledge Level F2 - Management Accounting (MA)

F3 - Financial Accounting (FA)

Skill Level F4 - Corporate and Business Law (LW)

 F5 - Taxation (TX)

F6 - Performance Management (PM)

F7 - Financial Reporting (FR)

F8 - Audit and Assurance (AA)

F9 - Financial Management (FM)

P1 - Strategic Business Leader (SBL)

Professional Level
P2 - Strategic Business Reporting (SBR)

P3 - Advanced Financial Management (AFM)

P4 - Advanced Performance Management

(APM)
Optional Subjects in the Professional Level

P5 - Advanced Taxation (ATX)

P6- Advanced Audit and Assurance (AAA)

ACCA 2023 Subject-Wise Important Topics

Foundational level course

There are a total of nine subjects in ACCA Foundation level course F1 to F9. Candidates without a
qualifying undergraduate degree or relevant professional qualification (such as a CA) must
successfully complete all nine courses in this category to be eligible for ACCA Certification. Those with
a CA, CS, or other professional undergraduate degree can avail certain exemptions. Given below are
some of the subject wise important topics in ACCA Foundation level course.

ACCA Foundation Level Course Important Topics

Paper Topics
 • Organizational structure, leadership, and
management in business
• Environmental factors that have a major
impact on business and accounting
• History of Accounting in business
Paper F1 – Business and Technology (BT)
• Accounting functions and internal control
procedures
• Managing and directing both teams and
individual people
• Hiring and training efficient personnel

• Nature of cost and management accounting

• Classification of costs, behaviour, and goal
• Spreadsheets on computers and business
Paper F2 – Management Accounting mathematics
• Cost Accounting Techniques
• Standard costing and budgeting
• Techniques for making quick decisions

• Financial reporting context and goal

• Qualitative aspects of financial data and the
basic principles of accounting
Paper F3 – Financial Accounting • Double-entry accounting methods and uses
• Keeping track of events and transactions
• Trial balance preparation
• Preparation of financial statements

ACCA Skill Level Course

There are six subjects in ACCA under skill level. It analyses candidate’s practical finance abilities to
work as a professional accountant in any sector or company. The detailed syllabus is mentioned in
the table below.

ACCA skill level important subjects

Paper Topics
 • Important components of the legal system
• Law of Obligations
• Employment law
• the establishment and structure of business
organisations
• Capital and business finance
Paper F4 – Corporate and Business Law
• Management, administration and the
regulation of companies
• Legal implications for businesses that are
struggling or in crisis
• Governance and ethical issues relating to
business

• Cost accounting methods

• Decision-making
• forecasting and planning
Paper F5 – Performance Management
• Standard Costing and variance analysis
• Performance management

• Trading profits
• Capital allowances
• Employment income
• Property business profits
• Investment income
• Personal tax computations
Paper F6 – Taxation
• National insurance
• Corporation tax
• Capital gains tax
• Value added tax
• Self assessment

• Conceptual framework
• Regulatory framework
Paper F7 – Financial Reporting • Making financial statements
• Business combinations
• Analysing and interpreting
 • Responsibilities of a financial manager
• Financial management
• Valuation of investments and businesses
• Management of firm finances and capital
Paper F8: Financial Management (FM)
costs
• Managing working capital
• Risk analysis for businesses

• Function of financial management

• Environment of financial management
• Working capital administration
• Investment appraisal
Paper F9: Assurance and Audit • Business finance
• Capital costs
• Business valuation
• Management of risk

ACCA Syllabus - Professional level

Paper Subjects

The strategic business leader is concerned with

the function and significance of governance in
the management of an organization. The
Paper P1 –Strategic Business Leader (SBL)
accountant's role in risk assessment, ethical
framework for using professional judgment
and values, and other topics are also covered.

In this paper candidates practice and learn

about the professional and ethical duties of an
accountant, the financial reporting framework,
financial statement preparation for group
Paper P2 – Strategic Business Reporting (SBR)
entities. Also, they examine potential difficulties
with financial reporting. implications of
accounting regulation modifications, a review
of recent happenings, etc
 • Roles and obligations to stakeholders
• Advanced investment appraisal
• Acquisitions and mergers
• Restructuring and reorganisation of
Paper P4 – Advanced Financial Management corporations
(AFM) • Treasury and advanced risk management
methods
• Economic environment for multinationals
• Emerging issues in finance and financial
management

• Strategic control and planning

• Economic factors
• Systems performance and design
Paper P5 – Advanced Performance
• Strategic performance measurement
Management (APM)
• performance management
• Current developments

• Modern features of the UK tax system

• Tax effects and how taxes interact
Paper P6 – Advanced Taxation (ATX) • Planning for taxes
• Communicating with clients, HM Revenue
and customs, and professionals

Also check - ACCA Registration 2023

Frequently Asked Question (FAQs) - ACCA Subjects & Syllabus 2023 - Exam
Pattern

Question: What is the age limit to appear in ACCA exam?

Answer:

Candidates should have completed 18 year of age to apply for ACCA exam.
Question: What is ACCA course duration?

Answer:

ACCA course duration is 2-3 years along with 3 years of relevant work experience.

Question: How many questions will be there in ACCA skill level exam?

Answer:

There will be both mcq based questions and long answer type question in ACCA skill level exam.

Question: How many subject are there in ACCA exam?

Answer:

There are a total of 13 subjects which are divided into three levels such as fundamental, skill and
professional level.