ACCA Subjects, Syllabus, Knowledge Level Subjects, Skill Level Subjects, Professional Level Subjects

ACCA Syllabus

Foundations in Accountancy Subjects

The subjects of Foundations in Accountancy are mentioned below

ACCA Diploma in Financial and Management Accounting 

The ACCA Diploma in Financial and Management Accounting (RQF Level 2) is awarded upon completion of exams Recording Financial Transactions (FA1) and Management Information (MA1) and Professionalism Foundation exams.

ACCA Diploma in Financial and Management Accounting 

The ACCA Diploma in Financial and Management Accounting (RQF Level 3) is awarded upon completion of the Financial Record Keeping (FA2), Managing Costs and Finance (MA2), and Foundations in Professionalism.

ACCA Diploma in Accounting and Business 

The ACCA Diploma in Accounting and Business (RQF Level 4) is awarded upon completion of the foundation exams in Business and Technology (FBT), Financial Accounting (FFA), Management Accounting (FMA) and Professionalism.

Certified Accounting Technician 

ACCA holds a Certified Accounting Technician (CAT) qualification as part of its foundational qualifications. To obtain the CAT Qualification, students will need to complete FA1, MA1, FA2, MA2, FBT, FFA, and FMA exams, two of the three specialist exams; FAU, FFM, and FTX, a practical experience requirement, and Foundations in Professionalism.

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ACCA Knowledge Level Subjects

The subjects at the ACCA Knowledge level are mentioned below: 

Business & Technology 

Organizational structure, governance, and management Impacts and limitations of key environmental factors on business and accounting, the role of the accountant within the enterprise, Specific functions of internal financial management and accounting Individual and team management.

Management Accounting 

The nature and purpose of management and costing, the study of cost categories and their behavior and purpose, computer spreadsheets and business mathematics, standard costing and budgeting, costing techniques, and various decision-making techniques.

Financial Accounting 

The nature and purpose of management and cost accounting, the study of cost classification and its behavior and purpose, computer spreadsheets, and business mathematics. Standard costing and budgeting, costing techniques, and decision-making techniques. 

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ACCA Skill Level Subjects

The subjects studied by students at ACCA Skill Level are mentioned below:

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Corporate and Business Law 

Business law focuses on the basic legal aspects necessary to form an organization, while company law focuses on the operations, activities, and effectiveness of an organization. 

Taxation 

It includes Cost accounting methods, Budgeting and forecasting, Performance measurement techniques, Standard costing, and variance analysis. 

Performance Management 

Performance management consists of topics like Cost accounting methods, Budgeting and forecasting, Performance measurement techniques, Standard costing, and variance analysis

Financial Reporting

Financial reporting is about how companies communicate financial data to external and internal stakeholders. Cost accounting methods, Performance measurement techniques, Budgeting and forecasting, Standard costing, and variance analysis.

Audit and Assurance

Audits ensure that financial reports are presented ethically and accurately and comply with accounting principles. Assurance evaluates the accuracy of financial reports/records. Its topic includes: Cost accounting methods, Performance measurement techniques, Budgeting and forecasting, Standard costing, and variance analysis

Financial Management 

Financial Management includes: Functions of a financial manager, Management of cost of capital and business finance, Financial management environment, Investment appraisal and business valuation, Working capital management, Business risk assessment

ACCA Professional Level Subjects

The subjects studied by students at the ACCA Professional Level are mentioned below

Strategic Business Leader 

The roles and functions of governance in managing organizations, the role of accountants in risk assessment, and ethical frameworks for professional values and judgments

Strategic Business Reporting 

Auditor's professional and ethical obligations, accounting framework, preparation of group company financial statements, examination of possible accounting issues, the impact of changes in accounting rules, and assessment of current developments.

Optional Subjects at the Professional Level

The optional subjects of ACCA students at the Professional Level are mentioned below

Advanced Financial Management 

Stakeholder Management, Advanced Investment Valuation, Corporate Restructuring, Acquisitions and Mergers, Advanced Risk Management Techniques, and Issues in the Financial World.

Advanced Performance Management 

Organizational strategic development and performance evaluation, external factor evaluation, performance system, and design, current global expansion

Advanced Taxation 

The amount of income tax that is paid in instalments throughout the year as opposed to in one large sum at the end is known as advance tax. Advance tax, which is often referred to as earn tax, must be paid in instalments by the due dates established by the income tax department.

Advanced Audit and Assurance 

Concepts and regulatory frameworks for the final examination, preparation of financial statements, and analytical and interpretive techniques. This paper covers obtaining, planning, managing, and completing audit and assurance engagements. It is recommended to be studied in conjunction with the SBR Essential Papers.