IBTC

Professional level

Subjects

There are 5 papers in total that you need to complete at the Professional level:

 

ESSENTIALS MODULES (all papers)

• P1 – Professional Accountant
• P2 – Corporate Reporting – INT
• P3 – Business Analysis

OPTIONS MODULES (any 2 papers)

• P4 – Advanced Financial Management
• P5 – Advanced Performance Management
  
• P6 – Advanced Taxation – INT
  
• P7 – Advanced Audit and Assurance

Subject Content

ESSENTIALS MODULES (all papers)

P1 – Professional Accountant

To apply relevant knowledge, skills and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance and the management of risk within an organisation, in the context of an overall ethical framework.

P2 – Corporate Reporting – INT

To apply knowledge, skills and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.

P3 – Business Analysis
To apply relevant knowledge, skills, and exercise professional judgement in assessing strategic position, determining strategic choice, and implementing strategic action through beneficial business process and structural change; coordinating knowledge systems and information technology and by effectively managing quality processes, projects, and people within financial and other resource constraints.

OPTIONS MODULES (any 2 papers)

P4 – Advanced Financial Management
To apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation.

P5 – Advanced Performance Management
To apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

P6 – Advanced Taxation – INT
To apply relevant knowledge and skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

P7 – Advanced Audit and Assurance
To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments. 

Assessment

The Professional level papers are all three-hour paper based examinations, all containing two sections. Section A is compulsory, but there will be some choice offered in Section B. For all three hour examination papers, ACCA has introduced 15 minutes reading and planning time.

The Essentials module papers all have a Section A containing a major case study question with all requirements totalling 50 marks relating to this case. Section B gives students a choice of two from three 25 mark questions.

Section A of each of the Options papers contains 50-70 compulsory marks from two questions, each attracting between 25 and 40 marks. Section B will offer a choice of two from three questions totalling 30-50 marks, with each question attracting between 15 and 25 marks. 

Pass marks

The pass mark for all ACCA Qualification examination papers is 50%.