Exam Structure

There are 15 modules with exams over three levels: Certificate Level, Professional Level and Advanced Level.

There are six modules at the Certificate Level that introduce students to the fundamentals of accountancy, finance and business. These are:

  • Accounting
  • Assurance
  • Business and Finance
  • Law
  • Management Information
  • Principles of Taxation

The Certificate Level papers are e assessment exams sat on demand at iCount. The exams are 1.5 hours long and have a pass mark of 55%

Professional Level

The six modules at this level build on the fundamentals and test students’ understanding and ability to use technical knowledge in real-life scenarios. The Business Planning: Taxation and Business Strategy modules in particular help students progress to the Advanced Level. The six modules are:

  • Audit and Assurance
  • Financial Accounting and Reporting
  • Financial Management
  • Tax Compliance
  • Business Planning: Taxation
  • Business Strategy

There are 4 sittings a year in March, June, September and December. The exams are 2.5 hours long except for Financial Accounting and Reporting which is 3 hours long. The pass mark is 55%.

Advanced Level

At the Advanced Level, the Corporate Reporting and Strategic Business Management modules test students’ understanding and strategic decision making at a senior level. They present real-life scenarios, with increased complexity and implications from the Professional Level modules.

The Case Study tests all the knowledge, skills and experience gained so far. It presents a complex business issue which challenges students’ ability to problem solve, identify the ethical implications and provide an effective solution.

The Advanced Level papers are paper based exams sat at an allocated ICAEW centre. There are 2 sittings a year in July and November. The exams are 3.5 hours long except for case study which is 4 hours. The pass mark is 50%