The ACCA syllabus consists of 13 

exams divided into 3 levels:

Levels Description Courses (16 – 14)
Applied This stage, which includes papers AB  F1 Accountant in
Knowledge - 3 (F1) to FA (F3), is the starting point for Business (ACCA AB)
exams achieving your ACCA qualification.  F2 Management
Once you've passed all 3 exams, you Accounting (ACCA MA)
can continue on to the ACCA Skills  Financial Accounting
stage. (ACCA FA)
Applied Skills – 6 Comprising exams LW (F4) to FM (F9),  F4 Corporate and
exams this stage examines the principle Business Law (ACCA LW)
technical subjects that you're  F5 Performance
expected to have an advanced Management (ACCA PM)
understanding of. These subjects  F6 Taxation (ACCA TX)
include law, taxation, auditing and  F7 Financial Reporting
financial management, financial (ACCA FR)
reporting and performance  F8 Audit and Assurance
management. You will develop (ACCA AA)
knowledge and skills in these subject  F9 Financial
areas, reaching a level of knowledge Management (ACCA FM)
equivalent to a bachelor's degree.
Strategic This stage is called Essentials as it will  P2&P2 Strategic
Professional provide you with the specialized skills Business Leader (ACCA
Essentials 2 exams and techniques required to become an SBL)
expert accountant, either in a  P2 Strategic Business
consultancy or high-level advisory Reporting (ACCA SBR)
role. Each of the 2 ACCA exams is
assessed with a 3-hour paper-based
exam.
Strategic Choose any 2 from 4.  P4 Advanced Financial
Professional Management (ACCA
option – 2 exams AFM)
 P5 Advanced
Performance
Management (ACCA
APM)
 P6 Advanced Taxation
(ACCA ATX)
 P7 Advanced Audit and
Assurance (ACCA AAA)