- August 6, 2023 at 4:05 pm #689474kamranfParticipant
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Does the time limit of 7 years starts from passing 1st prof paper or attempting 1st prof paper?August 7, 2023 at 8:42 am #689517Ken GarrettKeymaster
- Topics: 10
- Replies: 10332
“What is the seven year rule?
The rule means you have seven years to PASS the Strategic Professional exams once you pass your first Strategic Professional exam. If you don’t pass all the Strategic Professional exams and reach affiliate status within seven years, you’ll lose any Strategic Professional passes achieved after seven years. These will need to be re-taken in order to complete the qualification.
If you passed your Advanced Financial Management exam in December 2013 it will be given an ‘expiry date’ of December 2020. If you have not completed all the Strategic Professional exams by December 2020 your Advanced Financial Management exam would expire and need to be re-taken.
The exam passes for Foundations in Accountancy, and the Applied Knowledge and Skills level from the ACCA Qualification will never expire.”
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