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Acca Subjects ( Exams )

ACCA has three modules and 13 exams

1) The Knowledge module has 3 papers and deals with the main areas of financial and management accounting

2) Skill level builds on the technical knowledge you will already have gained through the Fundamentals level. It will also explore more advanced professional skills, techniques and values.

3) The Professional level is also made up of two modules; Essentials and Options. Both of the modules are at Professional level and have been set at the same ability level as a Masters degree

	A ) Applied knowledge Module:
F1 AB	Accountant in Business Providing a thorough introduction to the foundations of effective management, this paper will help you understand the contemporary business environment and its influence on the operation of accountants and organisations. It also sheds light on the accountant's role within this structure, demonstrating how they can contribute to the development of an effective and ethical organisation. The main elements of this paper are as follows: Business organisation structure, governance, and management Key environmental influences and constraints on business and accounting History and role of accounting in business Specific functions of accounting and internal financial control Leading and managing individuals and teams Recruiting and developing effective employees
F2 MA	Management Accounting This paper will teach you how to prepare and process basic quantitative information, with the aim of supporting management decision-making processes through a range of functions. The main elements of this paper are as follows: The nature and purpose of cost and management accounting Cost classification, behaviour, and purpose Business mathematics and computer spreadsheets Cost accounting techniques Budgeting and standard costing Short-term decision-making techniques
F3 FA	Financial Accounting You will learn the underlying concepts, core principles, and regulations of financial accounting and acquire technical proficiency in double-entry accounting techniques, including the preparation and interpretation of basic financial statements. The main elements of this paper are as follows: Context and purpose of financial reporting Qualitative characteristics of financial information and fundamental bases of accounting Use of double-entry accounting systems Recording transactions and events Preparing a trial balance Preparing basic financial statements

	B ) Skills Level Module:
F4 LW	Corporate and Business Law This paper enhances your understanding of the wider legal framework and introduces specific legal issues relating to business, while identifying situations where specialist legal advice must be taken. The main elements of this paper are as follows: Essential elements of the legal system The law of obligations Employment law The formation and constitution of business organisations Capital and the financing of companies Management, administration and the regulation of companies Legal implications for companies in difficulty or crisis Governance and ethical issues relating to business
F5 PM	Performance Management The objective of this paper is to develop your skills in management accounting techniques. You will learn how to apply this knowledge to quantitative and qualitative data for the purposes of planning, decision-making, and evaluating performance. The main elements of this paper are as follows: Cost accounting techniques Decision-making Budgeting and forecasting Standard costing and variance analysis Performance measurement
F6-TX	Taxation Gain a more thorough understanding of the business taxation system and its impact on individuals, companies, and groups of businesses. The main elements of this paper are as follows: Trading profits Capital allowances Employment income Property business profits Investment income Personal tax computations National insurance Corporation tax Capital gains tax Value added tax Self assessment
F7 FR	Financial Reporting This module develops your understanding of accounting standards and financial reporting. You will also study the theoretical principles behind the creation of financial statements, with particular focus on financial statement analysis and interpretation. The main elements of this paper are as follows: Conceptual framework Regulatory framework Preparation of financial statements Business combinations Analysing and interpreting
F8 AA	Audit and Assurance This paper introduces the knowledge and competencies used by financial managers in the areas of financing, investment, and dividend policy decision-making. The main elements of this paper are as follows: Financial management function Financial management environment Working capital management Investment appraisal Business finance Cost of capital Business valuation Risk management
F9-FM	Financial Management The aim of ACCA Financial Management (FM) (F9) is to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions. The main elements of this paper are as follows: Financial management function Financial management environment Working capital management Investment appraisal Business finance Business valuations Risk management

	C ) Strategic Professional Module:
P1 & P2 SBL	Strategic Business Leader: The aim of ACCA Strategic Business Leader (SBL) is to demonstrate organisational leadership and senior consultancy or advisory capabilities and relevant professional skills, through the context of an integrated case study The main elements of this paper are as follows: Leadership Governance Strategy Risk Technology and data analytics Organisational control and audit Finance in planning and decision-making Innovation, performance excellence and change management Professional skills
P3 BA	Business Analysis This paper develops students' abilities to formulate business strategy and make sound professional judgments in relation to business processes and organisational changes, which may involve the implementation of new IT and knowledge systems. You will also learn how to manage quality processes, projects, and employees. The main elements of this paper are as follows: Strategic position Strategic choices Strategic action Business process change Information technology Quality issues Project management Financial analysis

	C ) Strategic Professional Module: (Optional 2 from the following 4 )
P4 AFM	Advanced Financial Management You will develop in-depth knowledge of the world of finance and gain the theoretical skills required of senior financial advisors and executives. The main elements of this paper are as follows: Role and responsibility towards stakeholders Advanced investment appraisal Acquisitions and mergers Corporate reconstruction and re-organisation Treasury and advanced risk management techniques Economic environment for multinationals Emerging issues in finance and financial management
P5 APM	Advanced Performance Management Developing advanced management accounting techniques, you will learn to accurately assess the performance and strategic development of global organisations, taking into account economic as well as external factors. The main elements of this paper are as follows: Strategic planning and control Economic factors Performance systems and design Strategic performance measurement Performance evaluation Current developments
P6 ATX	Advanced Taxation You will acquire the knowledge needed to offer well informed advice on how large-scale taxation affects financial decision-making. The main elements of this paper are as follows: Advanced facets of the UK tax system The impact of taxes and tax interaction Tax planning measures Communicating with clients, HM Revenue and customs, and professionals
P7 AAA	Advanced Audit and Assurance P7 will teach you how to analyse, evaluate, and report on assurance engagements, as well as other issues in audit and assurance, within the context of current financial developments and best practice. It is strongly recommended that before taking paper P7 you have completed, or at least attempted, papers F8 and P2. The main elements of this paper are as follows: Conceptual framework Regulatory framework Preparation of financial statements Business combinations Analysing and interpreting