ACCA levels

The Association of Chartered Certified Accountants (ACCA) qualification is a globally recognised accountancy qualification. It is a badge of quality and professionalism, and ensures that your knowledge and skills are of the highest professional standard.

You can speed up your study time route to qualification by combining papers. See our recommended route.

Entry requirements

You need a minimum of three GCSEs and two A levels in five separate subjects including maths and English, or equivalent qualifications to start the ACCA qualification. If you don't have the minimum qualifications you can start by registering for Foundations in Accountancy (FIA) and study for one or all of the entry-level qualifications. There are three qualifications, and you can start at any level.

The ACCA qualification consists of four modules:

Knowledge Module

The Knowledge Module is made up of three papers and introduces you to the core areas of financial and management accounting as well as general business principles and theories. They are assessed either by Computer Based Exams (available on demand) or by paper based exams in March, June, September, and December. The availability of Computer Based Exams and Paper Based Exams depends upon your market/location.  Please refer to the ACCA website to access the most up to date schedule.  The last Paper Based Exam sitting in the UK was June 2017 for these papers.

F1 - Accountant in Business
  • Business organisation, structure, governance and management
  • Environmental influences and constraints on business and accounting
  • History and role of accounting in business
  • Specific functions of accounting and internal financial control
  • Leading and managing individuals and teams
F2 - Management Accounting
  • The nature and purpose of cost and management accounting
  • Cost classification, behaviour and purpose
  • Business mathematics and electronic spreadsheets
  • Cost-accounting techniques
  • Short-term decision making techniques
F3 - Financial Accounting
  • The context and purpose of financial reporting
  • The qualitative characteristics of financial information and the fundamental bases of accounting
  • The use of double entry and accounting systems
  • Recording transactions and events
  • Preparing a trial balance
  • Preparing basic financial statements
  • The basics of group accounting

Skills Module

The papers, with the exception of F4, are assessed by 3 hour 15 minute written exams in March, June, September and December. F4 is a two hour exam, and the English and Global variants are also available as a Computer Based Exam on Demand. BPP recommend sitting F4 as a computer based exam if possible to benefit from increased flexibility and instant results.

F4 - Corporate and Business Law

Develops your skills and knowledge of the general legal framework relating to business.

F5 - Performance Management

Teaches you how to apply management accounting techniques to quantitative and qualitative information. It builds on the knowledge gained in paper F2, so you will need to re-familiarise yourself with topics such as absorption and marginal costing. If booking any BPP In Centre Classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the - Assumed Knowledge- (topics covered in F2 that you see again in F5) through MyBPP, your online learning environment.

F6 - Taxation

Helps you to develop knowledge and skills relating to the tax system, as it applies to individuals and companies.

F7 - Financial Reporting

Enables you to prepare, present, analyse and interpret financial statements which conform to UK standards. It builds on the knowledge gained in paper F3. So if you are exempt from F3, you are advised to revise double entry techniques before attending the F7 course. If booking any BPP In Centre classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the - Assumed Knowledge- (topics covered in F3 that you see again in F7) through MyBPP, your online learning environment.

F8 - Audit and Assurance

Develops your knowledge and understanding of the process and application of undertaking an audit assurance engagement.

F9 - Financial Management

Gives you an understanding of what is expected of a financial manager, including issues affecting investment and financing.

Essentials Module

Explores advanced professional skills, techniques and values that you will require to act as an expert accountant in an advisory or consultancy role at senior level. They are assessed by three-hour written exams, in March, June, September and December. The Professional Level is changing from September 2018, read BPP's expert advice on the new ACCA Strategic Professional level.

P1 - Governance, Risk and Ethics

Teaches you how to apply relevant knowledge, skills and judgment gained from previous papers when carrying out the role of an accountant.

P2 - Corporate Reporting

Teaches you how to evaluate financial reporting principles and practices. It builds on the knowledge gained in papers F3 and F7. If you book the P2 course either through our Online Classroom Live, Online Classroom or In Centre Classroom you will be given FREE online access to BPPs Assumed Knowledge resources for covering F7, to help you get back up to speed for P2.

P3 - Business Analysis

Teaches you how to apply knowledge and skills gained from previous papers to the assessment and implementation of business strategy.

Options Module

As the forth level set of exams in the qualification, where you choose two papers from four, allowing you to specialise according to your chosen career path. They are assessed by three-hour written exams, in March, June, September and December.

P4 - Advanced Financial Management

This module gives you an understanding of what is expected of a senior financial executive, in terms of the financial management of an organisation, building on topics first visited in paper F9.

P5 - Advanced Performance Management

Teaches you how to evaluate business performance through the application of strategic management accounting techniques. It builds on the topics seen in paper F5.

P6 - Advanced Taxation

This paper teaches you how to apply relevant knowledge and skills gained from paper F6 to evaluate the impact of major taxes, focusing on the financial decisions of both individuals and organisations. As part of this module we provide introductory chapters to help you to master any rule changes that may have occurred since you last studied taxation.

P7 - Advanced Audit and Assurance

Teaches you how to obtain, plan, control and conclude both audit and assurance engagements, building on the topics covered by paper F8.

ACCA Practising Certificate and Audit Qualification

Students who wish to practise as a registered auditor within the UK and/or Ireland (obtain the ACCA audit qualification / audit practising certificate) must attempt the P2 UK/Irish and the P7 UK/Irish papers. For further information, please visit the ACCA website.

I have found all of the staff at BPP to be accommodating, supportive and helpful. The facilities when I attended classroom courses in the past were great. The online facilities they provide are invaluable. All tutors are very knowledgeable and certainly know how to plan a solid structured lesson
Kate Hickmott, BPP ACCA Student

⁰The 96% is based on part time P3 students sitting in December 2015 at our Reading centre

**Full terms and conditions apply "" . The new Lifetime Pass Assurance Scheme cannot be used in conjunction with any other offer or promotion run by any BPP group company. No cash alternative is available.

***Full terms and conditions apply To qualify for ten Professional Development with BPP Professional Education Limited (“BPP PE”) free of charge, two CIMA papers must be booked at the same time. Only certain online Professional Development Courses apply.

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