CBE Centre

  • Kadri Osula
    Kadri Osula
    Head of Open University
    Phone: +372 665 1386
    This email address is being protected from spambots. You need JavaScript enabled to view it.

The objective of the course is to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and apply accounting methods in accordance with the relevant standards including the preparation of basic financial statements.
ACCA Computer-based exams

Computer-based exams (CBEs) are available for the first four ACCA Knowledge module exams (F1, F2, F3 and F4 English and Global), which can be done in Estonian Business School.

What are the benefits of sitting CBEs?

  • Flexibility - You can sit CBEs at any time of the year. CBEs also offer flexibility for re-sits, which you can take at any time. There is no restriction on the number of times you can re-sit the exams by CBE.
  • Instant results - Your result is displayed on the computer screen at the end of the exam.
  • Fast results availability - Your results are uploaded by the licensed centre and will be transferred to your ACCA account within 72 hours.

Read more about CBE

How do CBE work?


  • CBEs exam you can make in EBS Open University at Estonian Business School. CBEs ACCA examination fee is 61 GBP for F1 to F3 exam and 76 GBP for F4 exam + 55 EUR exam center service price + VAT 20% is added to the total price.
    (The amount in EUR is stated according to the currency exchange rate set by the European Central bank on the date when invoice is created)
  • You must register for CBEs at least 5 working days before the exam - by phone +372 6651386 or by e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
  • To register for CBEs you should provide your ACCA number and full date of birth.

After registration:

  • You will be registered to exam on the date you agreed and you will be sent invoice. After you paid fee via online account, please take a recipe with you or send it at least day before your exam.

On the day of the exam, your identity will be checked by the invigilator, (please do not forget to bring valid ID document with your picture)  further validity and eligibility checks are carried out, and then the invigilator instructions will be read out.

  • You are then asked to start the exam software and input validation details into the software. This will further check your identity and eligibility to sit the exams.
  • Instruction screens will be displayed and you may then start the exam when advised to do so by the invigilator.
  • Once the exam is started, the questions are displayed on screen and the answers are input directly onto the CBE software.
  • On completion of the exam, the final percentage score is calculated and displayed on screen.
  • You will be asked to print two copies of the Provisional Result Notification; one copy is retained by the CBE centre and the other is for your records.
  • The CBE centre uploads the results to the CBE system and these will be transferred to your records with ACCA within 72 hours.


Examination dates on spring-summer 2017:

March 3, at 12:00

April, 6, at 11:00

May 12, at 11:00

June, 29 at 11:00

July 13 at 11:00

August 24 or 31


You can participate in preparation courses in autumn semester 2017 (September - December 2017)

Intermediate Financial Accounting- 3 ECTS (30 ac/h)The aim of the course is to develop students’ knowledge and skills in understanding and applying the International Financial Reporting Standards (IFRS) and the general theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements.

The course assumes knowledge acquired in Financial Accounting (FIN104/404) and develops and applies this further in greater detail and depth. The topics are covered in line with the equivalent topics in the ACCA (Association of Chartered Certified Accountants) F7 Financial Reporting. During the course the following topics will be covered: the regulatory and conceptual framework for financial reporting, presentation and interpretation of financial statements, including consolidated financial statements – the statement of financial position, the statement of profit and loss and other comprehensive income, the statement of changes in equity and the statement of cash flows; accounting methods for current and non-current assets, leases, inventories, construction contracts, recognition of revenue. The course will include lectures, problem-solving exercises, classroom and group discussions.

Lecturer: Aet Toots
Price: 249 €

Corporate Finance- 6 ECTS (40ac/h)
The objective of the course is to give an extensive overview of the main topics in corporate finance: the function of financial management, the financial management environment, working capital management, investment appraisal, business finance, mergers and acquisitions. Partial preparation for ACCA paper F9

Initial understanding of the principle topics of corporate finance in sufficient detail to prepare for ACCA paper F9

Lecturer: John Playle
Price: 498 €

Audit and Assurance - 3 ECTS (20 ac/h)
This course will introduce students to the process of an assurance engagement, including the professional audit framework and regulation, planning the engagement, collection of audit evidence and reporting.

The course starts with the concepts and functions of audit and assurance with their conceptual frameworks both in internal and external audit processes. Audit engagement acceptance, risk assessment and audit planning are explained. Audit technique will be taught including internal control, audit tests and the role of IT systems in the audit process. The international audit standards will be explained and applied to the work on evidence gathered in order to meet the objectives of the audit engagement. Finally, audit conclusions, going concern principle, subsequent events, written representations and recommendations to management will be developed in the way toward the final audit review and report.The course is based on the ACCA syllabus for paper F8 Audit and Assurance.

Lecturer: Urmas Kaarlep
Price: 249