ACCA professional level exam is the second level of ACCA exam. ACCA professional module covers seven papers. These seven papers are paper based and can be written at any ACCA Centre. The following subjects are covered under ACCA professional exams:
ACCA professional – Essentials
ACCA P1 Governance, Risk, and Ethics
The role of an accountant in governance, internal control, compliance, and risk management in an organization is dealt in ACCA P1. Hence, ACCA P1 covers:
- Governance and responsibility
- Internal control and review
- Identifying and assessing risk
- Controlling risk
- Professional values, ethics, and social responsibility
Get ACCA P1 syllabus and study guide, visit here.
ACCA P1 past papers: Click here
ACCA P2 Corporate Reporting
Corporate Reporting or ACCA P2 deals with the application of financial reporting in an organizational work. Therefore, ACCA P2 covers the following syllabus:
- The professional and ethical duty of the accountant
- The legal and financial reporting framework
- Reporting the financial performance of entities
- Financial statements of groups of entities
- Specialized entities and specialized transactions
- Implications of changes in accounting regulation on financial reporting
- The appraisal of financial performance and position of entities
- Current developments
Know theACCA P2 syllabus and study guide here.
ACCA P2 past papers can be viewed here
ACCA P3 Business Analysis
Business Analysis or ACCA P3 deals with the analysis of the business system of an organization. Hence, it requires having an understanding of strategy planning and its implementation. Because of this, ACCA P3 has the following topics:
- Strategic position, choices, and action
- Business and process change
- Information technology
- Project management
- Financial analysis
- People
Learn ACCA P3 syllabus and study guide: Here
ACCA P3 past papers: Get Here
ACCA Optional: ACCA P4 Advanced Financial Management
Advanced Financial Management or ACCA P4 deals with the financial management of different types of organizations. P4 is one of four Optional ACCA papers. Providing that, ACCA P4 covers the following syllabus:
- Role and responsibility towards stakeholders
- Economic environment for multinational organisations
- Advanced investment appraisal
- Acquisitions and mergers
- Corporate reconstruction and re-organisation
- Treasury and advanced risk management techniques
- Emerging issues in finance and financial management
For detailed ACCA P4 syllabus and study guide, visit here.
ACCA P4 past papers can be viewed here
ACCA P5 Advanced Performance Management
The application of appropriate management accounting techniques id dealt under ACCA P5. ACCA P5 covers the following syllabus:
- Strategic planning and control
- External influences on organizational performance
- Performance measurement systems and design
- Strategic performance measurement
- Performance evaluation and corporate failure
- Current developments and emerging issues performance management
For detailed ACCA P5 syllabus and study guide, visit here.
Check, ACCA P5 past papers here
ACCA P6 Advanced Taxation
Advanced Taxation applicable to an organization ic covered under ACCA P6. ACCA P6 syllabus changes depending on the region one is based in.
For detailed ACCA P6 syllabus and study guide, visit here.
See ACCA P6 past papers here
ACCA P7 Advanced Audit and Assurance
ACCA P7 deals with analysis and evaluation of assurance engagement and other audit and assurance issues. Hence, ACCA P7 covers the following syllabus:
- Regulatory Environment
- Professional and Ethical Considerations
- Practice Management
- Audit of historical financial information
- Reporting
- Current Issues and Developments
For detailed ACCA P7 syllabus and study guide, visit here.
Know the ACCA P7 past papers here
ACCA Professional Level:
ACCA professional papers fees September 2017
| Exam Fees 2017 | Deadline | ACCA Fees |
| September 2017 early entry | (Closes 15 May 2017 at 23:59 GMT) | £121 |
| September 2017 standard entry | (Closes 31 July 2017 at 23:59 GMT) | £128 |
| September 2017 late entry | (Closes 07 August 2017 at 23:59 GMT) | £289 |
ACCA professional papers fees December 2017
| ACCA Exam Fees 2017 | Deadline | ACCA Fees |
| December 2017 early entry | (Closes 14 August 2017 at 23:59 GMT) | £125 |
| December 2017 standard entry | (Closes 30 October 2017 at 23:59 GMT) | £132 |
| December 2017 late entry | (Closes 6 November 2017 at 23:59 GMT) | £298 |
ACCA professional exam papers cannot be exempted. Hence, one has to compulsorily write professional level exam followed by professional ethics paper. After that one also needs professional experience to become ACCA qualified member.
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