Overview:
Becoming an ACCA affiliate requires finishing all 13 papers (with or without exemption). The way the subjects and curriculum have been smoothly interwoven across the three levels of ACCA (Applied, Knowledge, Applied Skills, ACCA Professional level) with an emphasis on integrating conceptual understanding and application to real-life settings, is one of ACCA’s biggest differentiators.
Students need to go through the three levels as follows:
Applied Knowledge: A student’s main goal as they progress through a course is to gain conceptual understanding. To study and pass the test, a student must take all three subjects. According to the ACCA criteria, a student may be entitled to exemptions.
Applied Skills: At this stage, students continue to expand their conceptual knowledge and use it in practical contexts. For a student to study and pass the exam, they must take all six subjects. According to the ACCA criteria, a student may be entitled to exemptions.
Strategic Professional Level: The ACCA qualification culminates with the ACCA and ACCA Professional Level Papers. It provides students with the advanced abilities required for leadership and strategic decision-making in finance and business management. It is split into two sections: Essentials and Options. With an emphasis on strategic thinking, governance, risk management, and performance evaluation, this level prepares students for leadership positions within an organization.
ACCA encourages students to specialize in their chosen fields at the professional level. SBL and SBR are the two required subjects out of the six at the professional level. A student must select any two of the remaining four elective courses (APM, AFM, AAA, and ATX).
Compulsory Papers
Strategic Business Leader (SBL): The Strategic Business Leader (SBL) exam is an integrated case study that assesses a student’s capacity for strategic decision-making and leadership in a business environment. It addresses ethics, risk management, governance, and strategic leadership.
Strategic Business Reporting (SBR): The major topic of SBR is the preparation and interpretation of intricate financial reports for stakeholders.
Options (Choose Two from Four):
Advanced Financial Management (AFM): It explores intricate financial management topics such as international financial strategy, company financing, risk management, and mergers and acquisitions.
Advanced Performance Management (APM): It includes Advanced performance measurement and management control methods as the main topics.
Advanced Taxation (ATX): This paper focuses on inheritance tax, advanced tax planning, worldwide taxes, and the tax ramifications of company restructuring.
Advanced Audit and Assurance (AAA): It emphasizes the function of auditors in intricate business environments and focuses on advanced auditing techniques.
Strategic Professional Level Exam Passing Criteria
- Strategic Professional Level is the last level of the ACCA qualification, which emphasizes advanced skills in technical knowledge, leadership, and strategic decision-making.
- Students need to receive at least 50% on each exam in order to pass the ACCA Professional Level in Singapore.
- This level includes options where students select two from Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX), and Advanced Audit and Assurance (AAA), as well as major papers like Strategic Business Leader (SBL) and Strategic Business Reporting (SBR).
- These papers are more demanding, pushing students to apply principles in practical settings, especially in SBL, which assesses business leadership and strategic thinking.
Tips to Qualify for the ACCA Professional Level
- When preparing for the professional level, consider incorporating the knowledge from all previous levels at this level. To handle challenging case studies, focus on combining various subjects.
- Focus on strategic case studies, which will assess your ability to lead and make decisions at Global level.
- To improve decision-making abilities and confidence, practice exam circumstances on a regular basis.
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Career Options after Professional Level
The Strategic Professional Level inclue Complex financial management, leadership, and advanced strategic decision-making as the main topics. These papers help students get ready for senior positions in finance and accounting.
Completing the ACCA Professional Level in Singapore allows you to pursue a career as a Finance Manager, Senior Auditor, Financial Controller, Risk Manager, Tax Manager, CFO and more leading roles.
Some of the best career opportunities include senior roles in public accounting companies, international corporations, consultancy, and strategy and financial departments.
Pursue the ACCA Course at Mirchawala
Mirchawala is an ideal learning provider to qualify for the ACCA professional level in Singapore. The institute has assisted numerous students in attaining the highly sought-after accounting certification under the guidance of expert ACCA tutors.
At Mirchawala, every ACCA paper is taught with cutting-edge teaching strategies and a hands-on approach. The purpose of the institute is to empower students to become fully qualified accounting professionals when they enter the workforce.
Frequently Asked Questions
Does Singapore recognize ACCA?
Yes, ACCA in Singapore is well-recognized and holds a stellar reputation. The Accountants’ Act of 2004 recognizes ACCA. The national organization, ICPAS, and ACCA signed a Mutual Recognition Agreement (MRA) in 2005.
How many papers are there in the ACCA professional level?
The ACCA professional level includes four papers out of a total of 13 papers.
What are the ACCA professional-level exams?
The ACCA qualification is divided into three levels—Applied Knowledge, Applied Skills, and Strategic Professional in 13 papers. To be eligible for full ACCA membership, candidates need to finish the Ethics and Professional Skills Module (EPSM) and obtain real-world work experience.
