Subjects in ACCA – Fee Structure in Pakistan & Career Options

In this article, we are going to learn about what ACCA is and what the Subjects in ACCA are.

ACCA, known as Association of Chartered Certified Accountants, founded in 1904 in England, is a highly popular, authentic and regarded accountancy qualification. Approximately 460000 students from all over the world are studying this degree qualification.

When we talk about Pakistan’s most popular and demanded banking program, then how can we forget the name of ACCA. Its demand in Pakistan is increasing with time and almost every Pakistani student wishes to get the ACCA degree. Getting the degree of ACCA is not a piece of cake. But the benefit of this degree comes under consideration right after getting this degree, as you can easily get a job in different banking fields and companies.

If a student develops interest in doing ACCA, then he or she is required to do CAT program first, which is of 2 years, and after its completion the student is eligible for ACCA program which is 4 years in duration. Going to university and attending classes is not required in this degree, you can even get done with this degree program by sitting at home, by attending online lectures. You don’t have to worry even about you attendance.

Just you need to understand the concepts thoroughly and completely. If you manage to clear this tough degree successfully, then a bright future is right there in front of your eyes.

There is a large network of over 80 staffed offices and other centers of ACCA all over the world. The Chartered Certified Accountants, work in industry, financial services, the public sector, or in public practice.

Useful Information Regarding ACCA

There are collectively 14 papers of ACCA, comprising of Fundamental level (knowledge and skill) and professional level (Essential and optional paper). Among these papers, the first three papers (knowledge papers) can be taken as computer based exam (CBE) or as manual paper, it’s totally up to you which mode of taking exam you want. The remaining 11 papers, however, are taken as manual paper or PBE (paper-based exam).

Important thing to note here is, that the passing marks for each paper is 50%. There are two manual exams held per year, first one in June and second in December. Also, you have choice of sitting up to four papers per exam.

After passing all the exams of ACCA, practical experience of three years is required, which is considered mandatory.

Core Qualifications Offered by ACCA

Four core qualifications are offered by ACCA, which are as follows:

  • Technician Level qualification, which provides a comprehensive introduction to accountancy (CAT).
  • Professional Qualification, which enables members to reach the highest level in accountancy (ACCA).
  • A Bachelor of Science in Applied Accounting which is centered on the needs of employers for practical, professional accounting BSc (Hons).
  • A Masters in Business Administration designed to broaden business understanding and enhance strategic decision making (MBA).

Entry Route to ACCA

There are two routes for entry in ACCA depending upon age and previous academics qualification of student. These are:

Route-1. (On Qualification Base)

  • 2 years B.Com / BA / BSc
  • 2 Passes in A-Level and three GCSE or equivalent in five separate subjects including Math’s and English
  • CAT (Certified Accounting Technician), CAT is also offered by ACCA.

Route-2. (On Age Base)

  • Age should be 21 or above. No formal qualification is required.
  • F2 and F3 must be within two years from the date of first exam.

ACCA Exams Distribution 

The ACCA exams are divided into two levels:

1. Fundamentals

The Fundamentals level is divided into two modules:


The Knowledge module introduces you to the main areas of financial and management accounting. You will study the other technical accountancy areas after studying this.


There are six subjects in the Skills module which cover the main technical areas that accountants are expected to know.

2. Professional

The Professional level is divided into two modules:

  • Essentials
  • Options

Both of the modules at Professional level have been set at the same ability level as a Master degree.

This level builds on the technical knowledge you will already have. It will also explore more advanced professional skills, techniques and values. These are required at a senior level by accountants working in an advisory or consultancy role.

Subjects in ACCA and Syllabus

The ACCA syllabus consists of 14 papers divided into four groups and three levels:

  • Knowledge – Three papers
  • Skills – Six papers
  • Essentials – Three papers
  • Options – Two papers from four

1. ACCA Knowledge Level

F1     AB – Accountant in Business

To develop knowledge and understanding of the business environment and the influence this has on how organizations and accountants operate, and of the role of the accountant and other key business functions in contributing to an efficient, effective and ethical organization, and to build knowledge and understanding of the basic principles of effective management.

F2     MA – Management Accounting

To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

F3     FA – Financial Accounting

To develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques, including the preparation of basic financial statements.

2. ACCA Skills Level

F4    CL – Corporate and Business Law

To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognizing the need to seek further specialist legal advice where necessary.

F5    PM – Performance Management

To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control.

F6     TX – Taxation

To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

F7     FR – Financial Reporting (UK or International)

To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyze and interpret those financial statements.

F8     AA – Audit & Assurance (UK or International)

To develop knowledge and skills in the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

F9     FM – Financial Management

To develop knowledge and skills expected of a financial manager – relating to issues affecting investment, financing, and dividend policy decisions.

3. ACCA Essentials Level

P1    PA- 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 organization – in the context of an overall ethical framework.

P2    CR – Corporate Reporting (UK or International)

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    BA – Business Analysis

To apply relevant knowledge, skills, and exercise professional judgement in assessing strategic position, determining strategic choice, and implementing strategic action through business process and structural change, coordinating knowledge systems and information technology, and by managing quality processes, projects, and people.

All students have to pass the three papers in the Essentials module.

4. ACCA Options

The Options module contains four papers, but you only need to complete two.

P4    AFM – 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 organization.

P5    APM – 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 organization and its strategic development.

P6    ATX – Advanced Taxation

To apply relevant knowledge, 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    AAA – Advanced Audit & Assurance (UK or International)

To apply relevant knowledge, skills, and exercise professional judgement in analyzing, evaluating, concluding and reporting on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

ACCA Exams Rules to Follow

  • All modules must be sat in order
  • Maximum of four ACCA papers to be taken in one sitting
  • Papers within a module may be sat in any order but ACCA recommends that they should be sat in numerical order
  • ACCA papers from a variety of levels may be sat at any one time. i.e. Knowledge and Skills or Skills and Essentials
  • The three Essentials papers do not have to be sat together
  • Students have 10 years to pass all the examinations
  • The pass mark for all examinations is 50%
  • In addition to the above 14 ACCA papers, students are required to study and sit an online module in Professional ethics. It is recommended that this is studied at the same time as P1
  • Practical experience required
  • Student has ten years to complete all the papers.
  • The Knowledge module must be completed before the Essentials & Options module can be attempted.
  • Up to four papers can be taken in one exam.

Professional Ethics Module

It is the center of the ACCA Qualification and is covered in 11 of the 16 exam papers. It includes all papers at Professional level and three of the Essential performance objectives and underpins both your studies and your practical experience. The idea and purpose behind it is to introduce you to a range of ethical ideas.

This must be completed for you to receive the Advanced Diploma in Accounting and Business award from ACCA on completion of the Fundamentals exams.

Requirement of Experience

Even after you complete your ACCA studies and get qualified, you need to demonstrate your relevant skills and experience within a real work environment. All this comes under Practical Experience Requirement, known as PER. PER is to be completed in addition to your ACCA exams and the Professional Ethics Module.


  • Exemption up to first four paper is given to degree holder of MBA,, CA inter by ACCA.
  • Knowledge level is fully exempt to the CAT qualified students.

ACCA Career Options

After completing your ACCA studies, and getting experience, you have got various directions and paths to choose as your career option. A few of which are enlisted as follows:

  • Auditor
  • Banker
  • Senior Accountant
  • Chartered accountant
  • Financial consultant
  • Financial counselor
  • Account manager
  • Account executive
  • Finance executive
  • Finance Managers
  • Financial Controllers
  • Financial Advisers
  • Financial Directors
  • Chief Internal Auditor
  • Cost Controller
  • Chief Accountant

ACCA Fee Structure in Pakistan

The fee structure for ACCA in Pakistan varies in different institutes. Firstly you need to meet the institute’s initial registration and semester/ session fee along with tuition fee. The following fee structure is a general fee structure of ACCA in Pakistan whereas exact free various from institute to institute.

  • Registration Fee = PKR 3,000/-
  • Semester Fee per Session= PKR 15, 00/-
  • Tuition Fees of an institute= PKR 2, 00000/- (payable in three equal installments according to the criteria set by the authority of that institute)
  • Skills Module: there are three skills module papers which total fees costs PKR 1, 00,000/- (divided in three installments for each paper)
  • Professional Levels: Professional level is based on three papers and a candidate have to submit each professional level exams fee and the total fees for three levels costs overall almost PKR 1, 20, 000/-

Above all a student have to pay UK based charges to get a UK signed degree and that fees costs over all in British pounds £350 which is 45500/- in Pakistani rupees.

So briefly you can say the overall cost of this course is about 4 to 5 lac Pakistani Rupees.

You come to know the benefits of this qualification once you get the degree and the experience. As soon as your experience is gained, you get the job and are moved directly to cloud 9. The salary depends upon your expertise and experience, starting from 30, 000 plus and it can touch the figure of 1 k or plus.

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