This section is your starting point in your quest to become a qualified ACCA accountant and therefore provides you with basic business accounting information.
F1 - Accountant in Business (AB)
This paper on ACCA teaches you how to manage a business effectively by understanding the current business environment and its impact on the organization's activities. It also emphasizes your role as an accountant and the contribution you are expected to make to organizational development effectively and efficiently.
The following articles have been featured in this paper:
Organizational structure,
Governance, and
Management
Influences and barriers to environmental priorities in business and accounting
The role of storytellers in the business
Individual and team management
F2 - Management Accounting (MA)
This paper on ACCA syllabus provides information on how to prepare and process basic value information, which can then be used to support decision-making processes at the management level.
The following articles have been featured in this paper:
- Environment and purpose for management and accounting costs
- Cost-sharing and learning about ethics and its purpose
- Computer spreadsheets and business statistics
- General costs and budget
- Ways of calculating costs
- Various ways to make decisions
F3 - Financial Accounting (FA)
This paper in ACCA teaches you the basic concepts and core principles that govern accounting activities. It will also help you to develop the technology of double-entry accounting, which is the basis for preparing and interpreting all the basic financial statements.
The following articles have been featured in this paper:
- Background and purpose of financial reporting
- Interpretation of high-quality financial information
- The basics of accounting
- Double use of accounting
- Recording of accounting transactions and events
- Adjustment of trial balance
- Preparation of basic financial statements
Skills level
This module of the ACCA syllabus ensures that students develop expertise in some key areas, including tax, law, auditing and financial management, performance management, and financial reporting. Skills Level builds on the previous one; Fundamentals level.
F4 - Business and Business (LW) Law
This paper on the ACCA curriculum is designed to help you understand the broad legal framework by introducing you to specific business-related matters. It also teaches you to identify those situations where you should seek the advice of a professional legal adviser.
The following articles have been featured in this paper:
- Fundamentals of the business legal system
- Employment law
- Constitution of a business organization
- Company management, administration, and control
- The legal implications of a troubled company
- Moral and business governance issues
F5 - Performance Management (PM)
This paper of the ACCA syllabus helps you to develop your skills, and learn different management techniques for calculation. The purpose is to teach you how to apply the available value information and quality in the planning, decision-making, and performance appraisal process.
The following articles have been featured in this paper:
- Ways of calculating costs
- Budget and forecast
- Performance measurement strategies
- General cost and variance analysis
F6 - Taxation (TX)
The purpose of this paper in ACCA is to provide you with detailed information on the business tax plan and to help you understand how it affects individuals and companies.
The following articles have been featured in this paper:
- Grants and profits from the real estate business
- Lease income, investment income and trading profits
- Personal tax, business tax, high-interest rate and value-added tax
- National insurance
F7 - Financial Reporting (FR)
The purpose of this paper under the ACCA curriculum is to develop your Knowledge and skills to understand the basic principles of accounting standards and financial reporting. It also emphasizes the principles on which the financial statements are based, which will ultimately help you to better analyze and interpret Financial statements.
The following articles have been featured in this paper:
- Regulatory framework and concept of financial reporting
- Preparation of financial statements
- Analysis and interpretation of financial statements
F8 - Audit and Assurance (AA)
This paper under ACCA will give you the information you need to make sure you are involved and ensure that you understand all aspects of the same professional management.
The following articles have been featured in this paper:
Audit control framework
Risk planning and assessment
Internal control information
Recording evidence for audit
Review and report on audit results
F9 - Financial Management (FM)
This paper of ACCA teaches you how financial managers use their knowledge and experience in investing, financing and accounting, and various other decisions.