ACCA Study Guide 2026
Everything you need to pass the ACCA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 ACCA Exam Format at a Glance
📚 ACCA Topics to Study (21)
✍️ Sample ACCA Questions & Answers
1. What is the primary purpose of the ACCA Ethics and Professional Skills module?
The ACCA Ethics and Professional Skills module is designed to equip future professional accountants with the ethical understanding and practical skills necessary for their careers. It focuses on developing judgment, decision-making abilities, and professional behaviors in real-world scenarios. This ensures that ACCA members can apply ethical principles effectively and act professionally in complex situations.
2. Under IAS 21, how are foreign currency monetary items translated at the balance sheet date?
IAS 21 requires monetary items (such as receivables and payables in foreign currency) to be retranslated at the closing rate at each balance sheet date.
3. What fiduciary duty applies to investment analysis?
Fiduciary duty requires acting in the client's best interest with loyalty, care, and full disclosure of all material facts.
4. How should risk be assessed in tax strategies?
Comprehensive risk assessment considers tolerance, capacity, time horizon, and objectives to create appropriate strategies.
5. What is the concept of 'enlightened shareholder value' in corporate governance?
Enlightened shareholder value recognizes that sustainable shareholder returns require directors to consider the interests of employees, customers, and wider stakeholders.
6. In the context of ACCA corporate governance, what does 'ESG' stand for?
ESG refers to Environmental, Social, and Governance factors used by investors and regulators to evaluate a company's sustainability and ethical impact.