Theory vs Calculations for each exam

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Be aware that “theory” is not the opposite of calculation – questions may be described as “computational” and “non-computational”. Although a computational question will involve calculation, a non-computational question may call for “knowledge” (which could be “theoretical”) or application of knowledge or some skill (e.g. professional skills in the strategic professional exams). You can generally see by looking at the learning outcomes in a syllabus whether there will be calculations – and the “balance” is best seen in a specimen exam.

Yes indeed, the LW exam will not require calculations (though you may come across some numbers to illustrate certain points). On the other hand, TX requires a lot of computation (as you might expect) – but not everything involves numbers – e.g. tax administration procedures. PM, FR and FM all have a mixture of calculations but with a significant non-computational component – e.g. advantages/disadvantages of a method/technique and the interpretation of ratios, etc.

Audit is weighted more towards the non-computational, but since the syllabus concerns the audit of financial statements – some numbers should be expected.

For any further questions on a specific exam – please see the relevant forum.