I am currently studying to pass F7 in December, this being my second Skill level subject I study. So still a long way to go, but I am not sure at what point of my studies I should worry about getting this module done.
Students are able to access the Professional Ethics module as soon as they have completed the Knowledge module exams (F1-F3). However, we recommend that students start working on it at the same time as, or before, they study P1.
Hopefully, by now you will be aware that the module will be replaced late next year by the new Ethics and Professional Skills module.
Although any student who will have completed the existing module by then won't have to complete the new Ethics and Professional Skills module as well, we’ll still make it accessible to all so that everyone will be able to benefit from the exciting new professional skills.
Please find some further information about the ethics module here: http://www.accaglobal.com/zm/en/student/ethics/professional-ethics.html