ACCA Frequently Asked Questions (FAQs)
Mirchawala’s Hub of Accountancy is a top institute for ACCA and professional qualifications in pakistan. we provide online quality education to 80+ countries.
The ACCA test contains two sections: computer-based and paper-based, both of which contain multiple-choice questions (MCQs) and scenario-based questions.
Each exam has 50 questions, so there is plenty of room for the examiner to make sure the entire curriculum is covered.
Although ACCA does not repeat questions, studying prior exams will help you comprehend how the examiner approaches writing questions.
As a result, it can be deduced from the table below that P7 (Advanced Audit and Assurance) is the most difficult subject and F1 (Accountant in Business) is the easiest exam, with the greatest pass rate of 85% in June 2019 and the lowest pass rate of 30% in March 2019.
One of the fastest ACCAs, Jeyamkannan, participated in a special interview. The ACCA offers 4 test sessions every year, allowing candidates to take a total of 8 examinations. As a result, 2 years is the shortest time required to complete ACCA. Most candidates take 3 years but some can go on for 6-7 years.
This time around, the SBR pass percentage was 47%, with many sitters stating they found it challenging. SBL, the other crucial paper, had a 49% pass rate. The AA December had the lowest pass percentage for Applied Skills exams at barely 40%. With 43%, the PM pass rate was the second-lowest.
None of them are tough if you have followed the right strategy and continuous learning. Now, it depends on your interest, qualification, and finance background which career choice you wish to go for.
The average success rate for the ACCA Applied Skills test has been averaging around 70% in recent years, so if you’re considering taking it in 2023, you should be aware of this.
Below is the list of ACCA papers divided into three levels: Fundamental Level Skills Level, and Strategic Professionals Level.
Business and Technology (BT) Corporate and Business Law (LW) Strategic Business Leader (SBL) Management Accounting (MA) Performance Management (PM) Strategic Business Reporting (SBR) Financial Accounting (FA) Taxation (TX) Advanced Financial Management (AFM) – Financial Reporting (FR) Advanced Performance Management (APM) – Audit and Assurance (AA) Advanced Taxation (ATX) – Financial Management (FM) Advanced Audit and Assurance (AAA)
We advise SBR if you really don’t want to present a paper in March with only six weeks to prepare. for two key causes. It is advised to keep SBL as the final paper because it is a case study. In contrast to SBL, I believe it should still be manageable in 6 weeks.
Various types of questions are asked in an ACCA exam depending on the exam you are attempting. These include multiple choice questions (MCQs), multiple task questions (MTQs), and constructive response questions (CRQs). These test a wide range of knowledge and skills-based requirements.
The AAA (Advance Audit and Assurance) exam is considered to be the hardest ACCA paper with a global pass rate of around 35%. However, Mirchawala’s Hub of Accountancy, Gold approved learning provider of ACCA, consistently produces above the global pass rate with its prime teaching and excellent student support service.
PM (F5) is considered to be the hardest ACCA skills exam. This is because the PM exam covers a wide range of topics related to performance measurement, cost accounting, budgeting, and variance analysis. The syllabus requires a deep understanding of these topics and the ability to apply them in practical scenarios.
ACCA recommends using an Approved Learning provider to prepare for ACCA exams and pass ACCA in the first attempt. Mirchawala’s Hub of Accountancy is a Gold-approved Learning provider of ACCA. This guarantees you the highest levels of tuition and top-quality learning materials. We provide tuition service and our unmatched student support helps us achieve consistently higher than ACCA global pass rates.
Here are some tips to help you score well in your ACCA exams:
- Understand the exam structure
- Create a study plan
- Use official study materials
- Practice past exam papers
- Study the examiner’s reports
- Focus on understanding not rote learning
- Manage your time effectively
Here are some of the answering techniques for ACCA exams:
- Read the questions and requirements carefully
- Structure your answer in the format required (if applicable)
- Be clear and concise, avoid lengthy paragraphs
- Show your workings and calculations
- Link to the scenario, avoid general answers
- Use professional language
Exams must be taken in modular order for the ACCA qualification; however, you can attempt the papers within each module in any order. Having said that, a student has to complete applied knowledge exams first. These include FBT, FA, and MA, any of the three can be attempted first.
CIMA stands for Chartered Institute of Management Accountants, which implies that it’s a dedicated professional program for building a career in management accounting. ACCA stands for Association of Chartered Certified Accountants and is one of the leading bodies that helps build professional accountants.
You can find information about ACCA exams on ACCA’s official website or you can visit Mirchawala’s Hub of Accountancy website to find information about ACCA exams.
You can book ACCA remote exam from the Exam planner on myACCA portal. For information relating to remote ACCA exams visit ACCA remote exams.
For information relating to remote ACCA exams visit ACCA remote exams.
Students are not allowed to use scrap paper in the ACCA remote exam. Instead to make rough notes during the exam you can use the digital scratchpad within the exam platform, which you can practice using on the CBE practice platform.
For all ACCA exams, the minimum passing marks are 50%.
ACCA F7 (Financial Reporting) is considered manageable with dedication and consistent effort. There are ample resources available for preparation, and seeking guidance can enhance the learning experience.
In general, compared to the other courses, audit, taxation, and performance management are considered to be difficult.
Yes, to be able to pass ACCA, a student does not have to be extraordinary in studies. Students should choose an approved learning provider of ACCA to get support in their studies. Mirchawala’s Hub of Accountancy, one of the primary institutes of ACCA and Gold approved learning provider provides excellent tuition and student support services.
The CA course is more challenging than the ACCA course in terms of passing percentage, curriculum, themes, and flexibility. The CA Course is the most difficult course in the nation due to its extraordinarily low passing rate. Students must therefore attempt the tests numerous times in order to pass them.
Students must be older than 18 years old. For students to be eligible for an ACCA course, they must at least have fulfilled the 10+2 requirement. Students must have received at least 65% in both English and Accounts/ Mathematics. For students to be eligible for the ACCA course, all other subject grades must be at least 50%.
The classes at Mirchawala’s Hub of Accountancy are lecture-based. However, student discussions are encouraged during the class.
ACCA does not offer exam scholarships to position-holders in their exam fees; however, Mirchawala’s Hub of Accountancy, one of the primary institutes of ACCA, offers scholarships to position-holder students.
Mirchawala’s Hub of Accountancy is an ACCA Gold-approved learning provider which means it exceeds the rigorous Gold performance targets set by ACCA. It has around 133+ both Worldwide and Nationwide positions and has a global presence with students all around the World. This ensures that the courses offered by Mirchawala are of international standards.
Candidates must pass the P1 and P2 tests as well as two exams from the P3–P6 to qualify for the Strategic Professional Level. As a result, you can easily pass all of the ACCA tests in two years if you take four exams each year. Additionally, if you qualify, you can petition to be excluded from a few topics.
Exams must be taken in modular order for the ACCA Qualification, however, you can attempt the papers within each module in any order. If you wish to enter to sit exams in the next module, you must also enter for all outstanding exams in your current module.
The modular order for the ACCA Qualification is:
- Applied Knowledge exams
- Applied Skills exams
- Strategic Professional (Essentials and Options)
You can enter a maximum of four exams per exam session and a maximum of eight different exams each calendar year.
You book exams using ACCA online Exam Planner via your myACCA.
Registered students who missed the deadline for normal exam entrance can still use the late entry option through myACCA.
Only students who have not yet registered for the exam session are eligible for the late exam admission option. No exam entries—regardless of when they were submitted—can be changed during the late exam entry period.
Please double-check the email address on your myACCA account when registering for the exam to make sure it is accurate and that you have chosen to accept electronic communications in order to get your confirmation email. Additionally, you ought to check your spam folder in case the email ended up there.
Please check your myACCA account to verify whether your exam admission has been successful if you do not receive your confirmation email. If your exam entry does not appear and money has not been taken from your bank account, try again.
Yes, you can make the following changes to an existing exam entry up to the standard entry deadline via the exam planner by selecting either:
- change the time, location, or variant
- switch to a remote-based exam
- enter for more exams
You can raise a request at the Additional Support portal of ACCA.
An Examination Attendance Docket will be available from myACCA. This includes a timetable of all the exams that you are entered for; details of the labs for each exam. Please take some form of official photographic ID, such as a valid passport, driving license or national identity card. This will be checked during the exam together with your exam docket to confirm your identity.
You will be asked to submit your electronic belongings and you will be assigned a desk number. The docket will be collected by the supervisor during the exam to record your attendance.
These will also be published on the reverse of your examination attendance docket. Please familiarize yourself with these prior to your exam. You can also go through the rules and regulations on Rules and Regulations.
You can visit the Mitigating circumstances process page.
The AAA exam has the lowest pass rate which falls around 35% globally. But Mirchawala’s Hub of Accountancy, one of the primary institutes of ACCA, consistently delivers above the global pass rates with its high-quality teaching and student support service.
The first factor is the number of hours of study required to fully comprehend and retain all of the course material. Your chances of passing increase as your understanding of each subject grows.
Mirchawala’s Hub of Accountancy offers demo classes to students before admission. You can also visit Mirchawala’s website to watch demo classes of all ACCA exams.
Yes, you can join ACCA (Association of Chartered Certified Accountants) after matriculation. Matriculation or completion of secondary education is the minimum entry requirement for ACCA’s foundation-level qualifications.
Yes, there is no such requirement of ACCA for a student to be from a particular background. At Mirchawala’s Hub of Accountancy, we teach the exam syllabus from scratch so that any student with no prior knowledge of accounting can easily cope with the pace.
Yes, it is possible if someone is determined to make his career in ACCA.
Register to an approved learning provider of ACCA. Mirchawala’s Hub of Accountancy, one of the primary institutes of ACCA and a Gold approved learning provider guarantees excellent tuition and student support services.
You should study ACCA as it will equip you with the technical skills and knowledge required in your career progression. However, there is BSc (Hons) degree in applied accounting available to ACCA students who wish to obtain a degree while studying ACCA. The degree is awarded by one of the renowned universities of the UK, Oxford Brookes University. Mirchawala’s Hub of Accountancy offers mentorship services to students to be able to obtain this degree.
There is BSc (Hons) degree in applied accounting available to ACCA students who wish to obtain a degree while studying ACCA. The degree is awarded by one of the renowned universities of the UK, Oxford Brookes University. Mirchawala’s Hub of Accountancy offers mentorship services to students to be able to obtain this degree.
Mirchawala’s Hub of Accountancy is the best institute for ACCA. It is an ACCA Gold-approved learning provider which means it exceeds the rigorous Gold performance targets set by ACCA. It has around 144+ both Worldwide and Nationwide positions and has a global presence with students all around the World.
Here are some reasons why you might consider choosing ACCA:
- Global recognition
- Flexibility and accessibility
- Continuous professional development (CPD)
- International career opportunities
- Comprehensive skill sets
ACCA is a globally recognized qualification that can enhance your career prospects in the field of accounting and finance. The ACCA program offers comprehensive skills in accounting, auditing, taxation, financial management, financial reporting, and more. It equips you with a strong foundation and prepares you to handle complex challenges in your career.
The ACCA course, which comes after CA, broadens students’ knowledge of fundamental accounting and financial concepts, making it fit for the demands of multinational corporations. This combination of ACCA and CA is among the best in accountancy, giving ACCA-certified CAs an advantage over their contemporaries.
No, ACCA is considered to be easier than CA and is less time-consuming than CA.
ACCA is highly valued and recognized internationally. ACCA is a globally recognized professional accountancy qualification and is respected by employers and accounting and finance professionals worldwide. It has a global presence across 176 countries. ACCA’s high-quality standards and international syllabus makes it valued internationally.
Yes, ACCA exams are not aimed to test your complex mathematics skills. It is an accounting and finance qualification; hence you only require basic mathematics skills to be able to pass ACCA exams.
Both ICAEW (ACA) and ACCA are able to offer services to both public and private businesses. ACCA and ICAEW (ACA) both have the same academic level of certification as certified accountants. To qualify for BOTH the ICAEW (ACA) and the ACCA, it takes around 3/4 years.