The ACCA qualification

The 3 Es: Exams + Experience + Ethics = ACCA


There are a total of 14 exams that you need to complete in order to become an ACCA qualified accountant. The exams are divided into the Fundamentals and Professional levels:

The Fundamentals level includes the Knowledge (papers F1-F3) and the Skills module (papers F4-F9). All of these papers are available for exemption on the basis of certain academic and professional qualifications.

The Professional level includes the Essentials (papers P1-P3) and the Options module (papers P4-P7).

To progress between modules and levels, you should adhere to the ACCA examination progression rules.

Four of the Fundamentals papers (F1-F4) are available as both paper-based and computer-based exams (CBEs). The Cyprus variant of paper F4 is currently available only in paper-based format.

Students should adhere to ACCA’s deadlines regarding exams and subscriptions.


In addition to the exams, you should also complete three years’ of relevant work experience. ACCA also requires that you achieve 13 performance objectives which set out a clear guide for the activities you should do and what you should achieve in the workplace. The three years’ of relevant work experience can be obtained before during or after you have completed your ACCA studies.


One of the most vital components of the ACCA is ethics. To become an ACCA qualified accountant you must have high values, objectivity and integrity. The ACCA accesses this through the online Professional Ethics module which introduces you to a range of challenging ethical ideas.