ACCA Fundamentals Level
Knowledge | |
F1 | Accountant in BusinessTo develop knowledge and understanding of the business environment and the influence this has on how organisations and accountants operate, and of the role of the accountant and other key business functions in contributing to an efficient, effective and ethical organisation, and to build knowledge and understanding of the basic principles of effective management. |
F2 | Management AccountingTo develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts. |
F3 | Financial AccountingTo develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques.This includes the preparation of basic financial statements and from December 2011 will also include preparation of basic consolidated financial statements and interpretation of financial statements.To find the right resources for you, please select from the menu.ACCA has introduced new question types, known as Multitask Questions (MTQs), into the paper and computer based exams for F3 Financial Accounting:Multitask questions (MTQs) contain a series of tasks which relate to one or more scenarios. |
Skills | |
F4Corporate and Business Law | Corporate and Business Law To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary. |
F5 | Performance Management To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control. |
F6 | Taxation To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies. |
F7 | Financial Reporting To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements. |
F8 | Audit and Assurance To develop knowledge and skills in the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework. |
F9 | Financial Management To develop knowledge and skills expected of a financial manager – relating to issues affecting investment, financing, and dividend policy decisions. |
ACCA Professional Level
Essentials | Two essentials |
Strategic Business Leader (SBL) You’ll demonstrate the right blend of technical, ethical and professional skills in the evaluation, synthesis and presentations of responses through the context of an innovative case study. The Strategic Business Leader exam is designed to mirror the workplace and presents the student with real-world challenges. Students will complete a number of tasks and must demonstrate that they have the right technical, ethical and professional skills to add value to the organisations they work in. The syllabus brings together core areas from governance, risk and strategy, links to other leadership areas such as organisational control, innovation and change management – and uses new technologies and data analytics. Ethics remain crucial. ACCA pioneered ethics when it introduced the Professional Ethics Module, and it remains a core element of the ACCA Qualification. Find out more about the Ethics and Professional Skills module. All of these elements combine to produce a powerful, unique way of assessing whether a student is ready to hit the ground running when they start their career. | |
P2 | Strategic Business Reporting (SBR) To apply knowledge, skills, and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations. Should you wish to practise as a registered auditor within the UK and/or Ireland (obtain the audit qualification/audit practising certificate), you must attempt the P2 UK/Irish and P7 UK/Irish papers from June 2011 on wards. This is not a retrospective ruling, so any International papers you have already passed will be unaffected by this ruling.All UK and Irish professional accountancy bodies are governed by the requirements of the Statutory Audit Directive (SAD). In order to comply with the requirements of SAD – and to practise as an auditor – certain elements of UK/Irish legislation and regulation should be examined.The revised Papers P2 (UK/IRL) and P7 (UK/IRL) fully meet regulatory and business environment requirements for those wishing to obtain the UK/Irish audit qualification and hence practise as a registered auditor in the UK/Ireland. |
Options (two to be completed) | |
AFM (P4) Advanced Financial Management | Advanced Financial ManagementAdvanced Financial Management (AFM) was previously known as P4 Advanced Financial Management. Whilst we continue to update our resources to the new exam terminology, you may see some resources still using the old exam code P4. Please note, the exam format and content have changed. Please refer within the new syllabus and study guide to see how the content is examined. Why choose this exam option? |
APM (P5) Advanced Performance Management | Advanced Performance ManagementAdvanced Performance Management (APM) was previously known as P5 Advanced Performance Management. Whilst we continue to update our resources to the new exam terminology, you may see some resources still using the old exam code P5. Please note, the exam format and content have changed. Please refer within the new syllabus and study guide to see how the content is examined Why choose this exam? |
ATX (P6) Advanced Taxation | Advanced TaxationAdvanced Taxation (ATX) was previously known as P6 Advanced Taxation. Whilst we continue to update our resources to the new exam terminology, you may see some resources still using the old exam code P6. Please note, the exam format and content have changed. Please refer within the new syllabus and study guide to see how the content is examined All exam resources listed as P6 can be used for studying ATX, as the syllabus and content of the exam has not changed. Why choose this paper? |
Advanced Audit and Assurance | Advanced Audit and Assurance Advanced Audit and Assurance (AAA) was previously known as P7 Advanced Audit and Assurance. Whilst we continue to update our resources to the new exam terminology, you may see some resources still using the old exam code P7. Please note, the exam format and content have changed. Please refer within the new syllabus and study guide to see how the content is examined Why choose this paper? |
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