About ACCA

ACCA was Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.


ACCA Modules

ACCA consists of 15 papers, divided into four modules:

Knowledge – 3 papers

Skills – 6 papers

Essentials – 2 papers

Options – 2 papers (from a choice of 4)

Applied Knowledge

It consists of three mandatory subjects (Business and Technology (BT), Management Accounting (MA) and Financial Accounting (FA) which can be sat in any order. Once you’ve completed all three subjects, you can move onto the next level – Applied Skills.

Business and Technology (BT)

This subject will introduce you to basic business principles and how the different systems within business interact with each other.

Subject assessment: computer-based exam

Management Accounting (MA)

You’ll learn accountancy techniques to support management in planning, controlling and monitoring performance in a range of business contexts.

Subject assessment: computer-based exam

Financial Accounting (FA)

You’ll learn the underlying concepts relating to financial accounting and develop proficiency in techniques, such as double entry accounting and the preparation of basic financial statements.

Subject assessment: computer-based exam


Applied Skills

It consists of six mandatory subjects which are examined individually. To be awarded the Advanced Diploma in Accounting and Business you must successfully complete all six subjects and the Ethics and Professional Skills module. By achieving this diploma you’ll gain the knowledge equivalent of a Bachelor’s degree.

Subjects can be sat in any order, but you should sit AA with or after FR. Students can sit up to four subjects in one exam sitting and a maximum of eight per year. You can overlap with Applied Knowledge as long as this level is being completed.

Corporate and business law (GLO) (LW)

You’ll learn the general legal framework, as well as the specific legal areas that are relevant for business, so help you understand and identify the need to ask for specialist legal advice when necessary.

Subject assessment: OnDemand computer-based exam (CBE)


Performance Management (PM)

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.

Subject assessment: Session Computer based exam (CBE)

Taxation (TX-UK)

You’ll learn the knowledge and skills relating to the tax systems for individuals, single companies and groups of companies.

Subject assessment: Session Computer based exam (CBE)

Financial Reporting (FR)

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 analyse and interpret those financial statements.

Subject assessment: Session Computer based exam (CBE)

Audit & Assurance (AA)

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

Subject assessment: Session Computer based exam (CBE)

Financial Management (FM)

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

Subject assessment: Session Computer based exam (CBE)


Strategic Professional Essentials

ACCA redesigned the Professional level to create the Strategic Professional level which consists of six subjects from Essentials and Options. You will sit four of these exams to complete this level.

ACCA advise that you attempt their Ethics and Professional Skills module before you sit any exams on Strategic Professional. ACCA say that students who do so are statistically proven to increase their chances of passing the exams.

If you are considering studying AAA as one of your options subjects, please be aware that we strongly recommend that you attempt this after or at the same time as studying SBR.

You should also be aware with all subjects at this level there will be a certain amount of assumed knowledge from earlier subjects at Applied Skills level, so if you were exempt or sat these some time ago, you should use the resources and advice in the beginning of your course to refresh your understanding.

You’ll learn about the role of accounting in the business environment and develop the practical skills and techniques required of an accountant.

The two Essentials subjects are mandatory – these are SBR and SBL. You can select two out of four subjects from Options, which include AFM, APM, ATX and AAA.


Essentials (Mandatory)

Strategic Business Leader (SBL)

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.

Subject assessment: paper-based exam

Strategic Business Reporting (SBR)

To apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour, evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation, apply professional judgement in the reporting of the financial performance of a range of entities and prepare the financial statements of groups of entities. To interpret and advise on the meaning of financial statements that include non-financial data including segmental, sustainability and integrated reports for different stakeholders and communicate the impact of changes in accounting regulation on financial reporting.

Subject assessment: paper-based exam


Strategic Professional Options

Choose any 2:

Advanced Financial Management (AFM)

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

Subject assessment: paper-based exam

Advanced Performance Management (APM)

To apply relevant knowledge, skills, and exercise professional judgment 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.

Subject assessment: paper-based exam

Advanced Taxation (ATX)

To apply relevant knowledge, skills, and exercise professional judgment in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations.

Subject assessment: paper-based exam

Advanced Audit & Assurance (Singapore) (AAA)

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

Subject assessment: paper-based exam



To be awarded the BSc (Hops) in Applied Accounting, you must:

  • Opt in to do the BSc with ACCA UK before passing any of the 3 ACCA Fundamental papers F7, F8 and F9
  • Hold a recognised English language qualification certificate and transcript (if applicable), which must be submitted and approved by ACCA, before passing F7, F8 and F9
  • Pass the three ACCA Fundamentals papers F7, F8 & F9& pass other papers as required to successfully complete all nine Fundamentals Level papers
  • Complete the ACCA Professional Ethics Module by stipulated date from Oxford Brookes University, before submission of project
  • Complete and pass the Oxford Brookes University Research and Analysis Project
  • Complete the BSc degree scheme within 10 years of your initial registration onto the ACCA’s professional qualification, even if you convert from one ACCA qualification to another during that 10-year Period

You must successfully complete the Fundamental level exam papers F1-F9 and complete the Professional Ethics module before submitting a Research and Analysis Project to Oxford Brookes University. You are required to pay a project submission fee to Oxford Brookes University.

You will gain access to the Professional Ethics module via MyACCA as soon as you become eligible to take Paper P1, Governance, Risk and Ethics.



  1. Minimum 18 years old
  2. LCCI Higher Level passes (individual passes or diploma) and 2 LCCI Intermediate Level passes in Book-keeping and English for Business with 2 GCE ‘O’ Level credits in English and Mathematics. All five subjects must be distinct (different) subjects.
  3. Polytechnic Diplomas or recognized University Degrees in Singapore
  4. ACCA Certified Accounting Technician (CAT) qualification
  5. FIA Diploma in Accounting & Business
  6. ITE Higher NITEC Certificate in Business Studies – Accounting

If you’re AAT qualified, you’re exempt from this level and can start ACCA Applied Skills straight away.

If you’ve graduated with a degree accredited by ACCA, you may be eligible for exemptions from both Applied Knowledge and Applied Skills.

You can check whether you’re eligible and should apply for any exemptions on the ACCA website before you start applying.

Why Excellent Choice

Why Excellent Choice Institute of Finance and Management

First class institution

When choosing to study in Myanmar, your choice of an institution is with a strong reputation for academic excellence and consistently high passing rates are vital.

Excellent Choice offers reputable, high quality tuition and many of our lecturers have ample industry experiences to complement their academic or professional qualifications. These give their teaching a real-world perspective, and help you to understand concepts by relating them to real-life scenarios with accredited centres& approved materials. Most centres have Gold Status and Approved Centres which have high levels of recognition awarded by the ACCA, ICM and LCCI to tuition providers. Excellent Choice is also one of only three approved content providers for the ACCA qualification and one of onlytwo approved ICM centres as well as one of the LCCI approved centres which means that both your tuition and study materials meet the highest standards set by the ACCA and ICM.

All materials are written by our expert tutors and subject specialists who know what works for students following extensive research into different learning styles in the classroom.


The Association of chartered certified Accountants (ACCA) and Foundations in Accountancy (FIA) Qualification developed accounting knowledge and skills as well as professional values.

Diploma in Accounting and Business

Minimum 16 year old

Mature Student Entry – over 21 years old with minimum of 1 year working experience

Completion of Intermediate Certificate in Financial and Management Accounting will be accepted as fulfilling minimum entry requirement.

When students have completedFAB, FMA and FFA, they will claim exemption from the F1, F2 and F3 of the ACCA Qualification and will start at the Skills module exams.

For a more comprehensive list of entry requirements and detailed syllabus, please visit the ACCA web site at

Exam and Sitting

ACCA Examination Regulations

  • All modules must be sat in order
  • Maximum of four papers to be taken in one sitting
  • The two Essentials and two optional papers do not have to be sat together
  • Papers within a module may be sat in any order.
  • Papers from a variety of levels may be sat at any one time. i.e. Applied Knowledge and Applied Skills or Applied Skills and Strategic Professional Essentials
  • The two Essentials ACCA papers do not have to be sat together.
  • Under the new rules a seven year time limit will be introduced at the Strategic Professional level. Therefore, there are no time limits for passing the Foundation level exams as part of Foundations in Accountancy or for taking exams AB-FM at the Applied Knowledge and Applied Skills of the ACCA Qualification.
  • From early 2016 students will have 7 years to pass the exams at Strategic Professional level (SBR, SBL and two of the options paper AFM-AAA). The 7 year time limit starts when a student passes their first Strategic Professional level exam.
  • The pass mark for all examinations is 50%
  • In addition to the above 13 papers, students are required to study and sit an on-line module in Professional ethics. It is recommended that this is studied at the same time as SBL
  • Practical experience required.

For more information please visit to


Excellent Choice Institute of Finance and Management is an approved Computer Based Examinations (CBE) centre with effect from 2018. Students can now take their Applied Knowledge and Law (LW) exam with us!

ACCA run four exam sessions a year in March, June, September and December – giving you great flexibility and choice of when to take our exams.

The four sessions in 2020 and all future sessions will take place over the following dates:

  • March session: 1 Jan – 31 March
  • June session: 1 April – 30 June
  • September session: 1 July – 30 September
  • December session: 1 Oct – 31 December

For further details on the CBE, please refer to the ACCA website