“CURIOUS TO KNOW ABOUT THE NEW ACCA SYLLABUS UPDATES? HERE YOU GO!”
ACCA, a well-updated qualification that aims to cover all industry trends and demands through its up-to-date curriculum, this global accounting qualification evolves in accordance with the demands of the finance industry. This helps aspirants and professionals of ACCA to stay relevant to the finance sector and stand out in the competitive job market. Mind that the finance and accounting sectors are ever-evolving and growing significantly stronger, which means this qualification needs to make some essential updates. To address this issue and to meet the demand of the industry, ACCA’s new syllabus 2027 changes have been made.
The outline or overview of the major ACCA new syllabus 2027 changes has been introduced from now on; however, it will be properly implemented by 2027. These upgrades in the ACCA qualification have made waves recently and have become the talk of the town. Sri Lankan ACCA students remain concerned about the potential updates announced by ACCA, as many of them lack awareness of this topic. Hence, to provide the clarity aspirants are seeking on this topic, we came up with this informative blog regarding the ACCA new syllabus 2027 changes.
WHAT IS DRIVING THIS CHANGE?
The business world has evolved completely with new trends and demands; to keep up with it, the financial world needs to advance as well. Therefore, the ACCA qualification remains determined to keep up with the needs of the modern financial world, such as focusing on sustainability factors, digital financing, ethics, professional skills, green accounting, etc. The ACCA new syllabus 2027 changes indicate the importance of employability skills by mainly emphasizing this factor.
SUMMARY OF THE ACCA NEW SYLLABUS 2027 CHANGES
Know that the expected changes in the new syllabus have already been introduced, but they will be completely implemented by 2027, slowly over the period of time; here is a breakdown of some major expected updates of the ACCA curriculum 2027.
- According to the updated curriculum, the foundational level will consist of three exams plus a module; exams are: Accounts preparation, Management information and costing, and Decision Making with Data. Whereas the module in this level is named Enterprise and Entrepreneurship EEM.
- Now comes ACCA’s first academic level, known as Applied Knowledge; this level will consist of three exams plus one additional module of the Essential Employability Module, named “Responsible Business Management”. Also, chances are the module currently known as Business & Technology will be replaced at this level.
- The ACCA new syllabus 2027 changes for the Applied Skills level are that this level will consist of five exams plus one EEM, named “Responsible Business Management”. In this level, some of the existing exams will most probably be replaced or renamed to polish aspirants for the advanced financial world.
- The Strategic Professional level is expected to consist of two compulsory and one selective exam, plus an EEM named “Ethical and Sustainable Leadership”. The major changes in this level include a reduction in the optional exam, new options added for selective modules, and more focus on sustainability and ESG factors.
OTHER ACCA NEW SYLLABUS 2027 CHANGES OVERVIEW
Here is an overview of what major changes this new update will cause:
- The total number of ACCA exams will be reduced from 13 exams to 11 exams.
- EEM will be a mandatory part of each academic level and will equip you with skills vital for the practical world.
- Students who are halfway through their qualification following the old structure won’t lose their academic progress; rather, the credit will be mapped to the updated structure.
- To map your exam credits with the new structure, students can use the transition tool offered by ACCA Global.
- Exemptions will be granted depending on your academic history, except for the strategic professional and EEM modules.
CONCLUSION:
The ACCA new syllabus 2027 changes are effective for students, and they help them stay significant for the global job market; the update ensures they produce professionals with industry-relevant skills and comprehensive knowledge. The potential changes in structure are already introduced by ACCA Global and are steadily being implemented; by 2027, these updates are expected to be followed properly.
FREQUENTLY ASKED QUESTIONS (FAQs)
Q1: How can the Sri Lanka ACCA exam structure change affect students?
Ans: It is a great academic step to enhance their skills and employability; the number of exams is reduced, which is favorable for students. Therefore, the Sri Lanka ACCA exam structure change will have a positive effect on students academically as well as professionally.
Q2: Does the new structure mean my existing credits will be wasted?
Ans: No, it doesn’t mean your existing credits will be a waste; rather, you can map them with the new syllabus by using ACCA transition tools available online.
Q3: How important are EEMs in the ACCA structure of 2027?
Ans: They are mandatory modules that students need to focus on, one of the major updates of this new syllabus that should not be overlooked.
