Training & Qualifications /
ACA (ICAEW) / ACA (ICAEW) Syllabus
The ACA Qualification is split into three Levels - Certificate, Professional and Advanced. The Certificate Level can also be studied as an independent qualification known as ICAEW CFAB.
Certificate Level Courses
Professional Level Courses
Advanced Level Courses
The Certificate Level subjects can be studied as an independent qualification known as the Certificate of Finance and Business (CFAB), available to study with Kaplan Distance Learning.
We recommend that you begin by studying Accounting and Assurance papers first and then complete the level in any order.
Prepare financial statements, financial records and adjustments to accounting records and financial statements.
Each 90 minute assessment will contain 25 questions in total, 1 question worth 40 marks and 24 questions worth 2.5 marks each with a pass mark of 55%.
Learn the concept, process and need for assurance, internal controls, how to gather evidence on an assurance engagement and professional ethics.
Each 90 minute assessment will contain 50 questions in total each worth 2 marks with a pass mark of 55%.
Understand business objectives and functions, the ethics and the impact of the external environment. The role of business structures, finance and accounting, the accountancy profession and governance.
Grasp objectives and types of tax including income tax and other local taxes, capital gains tax and corporation tax on chargeable gains, corporation tax and VAT and consider ethics and administration.
Each 90 minute assessment will contain 2 long questions worth 10 marks each and 40 short questions worth 2 marks each with a pass mark of 55%.
Know the impact of civil law on business and professional services, company and insolvency law. The impact of criminal law on business and professional services and the overall impact of law in a professional context.
Each 90 minute assessment consists of 50 questions, each worth 2 marks.
Comprehend costing and pricing, budgeting and forecasting, performance management and management decision-making
Each 90 minute assessment will contain 33 questions in total, 1 question worth 20 marks and 32 questions worth 2.5 marks each with a pass mark of 55%.
University graduates are eligible to apply to for credits from all papers on the Certificate Level and Business Strategy and Financial Management from the Professional Level.
AAT students who have completed the Intermediate and Technician Levels, may be able to apply for credits from all papers on the Certificate Level excluding Law.
More from ICAEW about exemptions.
Professional Level papers can be sat in any order but we recommend leaving Business Planning Tax until the end and using that as a transitional paper to the Advanced Level. All papers are compulsory.
Understand strategic analysis, the strategic choices open to organisations and how to use strategy.
Each 2.5 hour exam will consist of 3 questions with a pass mark of 55%.
Learn legal, ethical and current issues, how to accept and manage engagements, plan assurance engagements and how to conclude and report on assurance engagements.
Each 2.5 hour exam will containing six short-form questions and three long-form questions with a pass mark of 55%. Candidates may use the appropriate Auditing Standards Open Book.
Enhance your understanding of Income Tax, Corporation Tax, NICs, VAT, Capital Gains Tax and Inheritance Tax, as well as being introduced to overseas tax implications.
Each 2.5 hour exam will consist of 5 questions with a pass mark of 55%. Candidates may use the appropriate Tax Tables Open Book.
Comprehend financing options, managing financial risk, investment and financing decisions.
Each 2.5 hour exam will consist of 3-5 questions with a pass mark of 55%.
Learn accounting and reporting concepts, how to prepare single company and consolidated financial statements, and how to analyse and interpret financial information.
Each 3 hour exam will consist of 4 or 5 questions with a pass mark of 55%. Candidates may use either the appropriate IFRS Open Book or the UK Accounting Standards and Company Law Open Book depending on the exam being taken.
Build on your existing technical tax knowledge by developing your ability to add value to different types of clients with sensible tax planning solutions.
Each 2.5 hour exam will consist of 3 questions, 1 will be scenario based and worth 40 marks with a pass mark of 55%. This is a completely open book exam so any written or printed material may be taken into the exam room.
Focused on the role of an ICAEW Chartered Accountant in the insurance industry. The context of questions can be set around the key sectors of the insurance industry and this will influence the context of the business planning underlying the question. Key sectors are life assurance and other long term insurance (eg term assurance, pensions), general insurance (eg motor, home, accident) and Reinsurance.
Focused on the role of an ICAEW Chartered Accountant in the banking industry. Their role may be external for example audit or assurance, or working within a bank for example risk management, financial accounting or internal audit.
University graduates are eligible to apply for credits from Business Strategy and Financial Management papers on the Professional Level.
It is recommended that you sit Corporate Reporting and Strategic Business Management alongside or before the Advanced Case Study.
Build on existing knowledge of financial reporting and audit and assurance by developing your ability to apply this technical knowledge and professional judgement to business scenarios in order to determine compliance solutions.
Each 3.5 hour exam is completely open book so any written or printed material may be taken into the exam room.
Builds on skills introduced during Financial Management and Business Strategy and applies them to complex scenarios. The exam will develop business acumen and tests technical knowledge and application to various business changing situations such as acquisitions, investment overseas and finance.
Produce a professional report based on your prior knowledge and analysis of a case study and additional information received during the exam. The report will require you to demonstrate and integrate number of skills developed in earlier papers, including financial statement analysis, data analysis and strategy evaluation.
Marks are allocated to each of the four main elements of the report as follows:
The remaining marks are available for the following:
In addition to this, the marks awarded for each requirement will also be broken down into the four key skills:
Each 4 hour exam is completely open book so any written or printed material may be taken into the exam room.
If you are Graduate, you can apply for up to eight paper credits so that you are exempt from the following ACA (ICAEW) exams:
If you are an AAT students who has completed the Intermediate and Technician Levels, you may be able to apply for credits for the following:
If you are fully or partially qualified with another professional accountancy body you may be eligible to apply for credit for up to all 12 papers for which credit is available.
Visit the ICAEW website for more information.
Study ACA (ICAEW) with Kaplan