Explore The Core Subjects Of The ACCA Course | Zell

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      Exploring The Core Subjects Of The ACCA Course

      Are you considering pursuing an ACCA qualification? If so, it’s important to familiarize yourself with the subjects and syllabus covered in the exams. To help you understand what you need to know and how to prepare for the ACCA, we have compiled a comprehensive list of ACCA subjects. We hope this detailed overview of the ACCA subjects proves helpful as you embark on your journey to becoming a certified accountant. For additional support and resources, consider exploring our ACCA online courses and ACCA-approved books to enhance your preparation and increase your chances of success.

      ACCA Exam Levels

      The ACCA exams consist of three levels, each with its own set of subjects that must be mastered to pass the examinations. These levels are:

      Knowledge Level:

      This level focuses on knowledge and understanding. It includes the following subjects:

      • Business and Technology (BT)
      • Management Accounting (MA)
      • Financial Accounting (FA)

      Skills Level:

      This level emphasizes application and analysis. The subjects at this level include:

      • Corporate and Business Law (LW)
      • Performance Management (PM)
      • Taxation (TX)
      • Financial Reporting (FR)
      • Audit and Assurance (AA)
      • Financial Management (FM)

      Professional Level:

      The professional level focuses on evaluation and synthesis. You need to clear four papers (out of six) at this level. The subjects include:

      • Strategic Business Leader (SBL)
      • Strategic Business Reporting (SBR)
      • Advanced Financial Management (AFM)
      • Advanced Performance Management (APM)
      • Advanced Taxation (ATX)
      • Advanced Audit and Assurance (AAA)

      Want to know more about the above topic? Read our blog, What is ACCA? Course Details, Fees, Syllabus & Eligibility Criteria

      ACCA Subject Details

      Let’s take a closer look at the subjects under each level:

      ACCA Applied Knowledge Subjects:

      The Applied Knowledge exams provide a broad introduction to the world of finance and develop essential understanding of accounting. These subjects lay the foundation and cover the fundamentals of accounting and finance. The exams at this level include:

      • Business and Technology (BT): This subject teaches you the various aspects of running an organization, including ethical behavior, employment practices, and economic influences.
      • Management Accounting (MA): Here, you’ll learn how to effectively manage finances in an organization, covering planning, controlling, and monitoring business activities.
      • Financial Accounting (FA): This subject focuses on interpreting and using basic financial statements, understanding double-entry accounting, and preparing financial reports.
      Subjects Of The Acca Course

      Exploring The Core Subjects Of The Acca Course

      ACCA Skills Level Subjects:

      The Applied Skills exams build upon your existing knowledge and understanding of finance, helping you develop solid and broad skills for success in any industry. These subjects test your ability to apply your knowledge and understanding to practical situations. The exams at this level include:

      • Corporate and Business Law (LW): This subject covers the general legal framework and specific areas related to business, providing knowledge and skills required for understanding business laws and regulations.
      • Performance Management (PM): Here, you’ll learn management accounting principles and their application in areas such as planning, decision-making, and performance evaluation.
      • Taxation (TX): This subject focuses on developing knowledge and skills related to the tax system as it applies to individuals, single companies, or groups of companies.
      • Financial Reporting (FR): This subject covers accounting standards, theoretical frameworks, and the preparation of financial statements, including analysis and interpretation.
      • Audit and Assurance (AA): In this subject, you’ll learn about assurance engagements and their application within the professional regulatory framework.
      • Financial Management (FM): FM equips you with the skills required for financial decision-making in investment, financing, and dividend policy.

      You can read our post related to “ACCA Exam Exemptions” and find out everything about the waivers you can use to hasten your path to becoming a Chartered Financial Analyst.

      ACCA Professional Level Papers:

      The professional level papers test your ability to evaluate and synthesize information to make informed decisions. To clear this level, you need to write four papers, including two essential papers and two optional papers. The subjects at this level include:

      • Strategic Business Reporting (SBR): This exam requires you to demonstrate your ability to make strategic business reporting decisions based on concepts and theories that work within the corporate environment.
      • Strategic Business Leader (SBL): SBL provides a blend of technical, practical, and professional skills that are valuable in both exams and real-world job settings.
      • Advanced Financial Management (AFM): AFM requires you to exercise financial management skills as a senior financial executive or advisor, understanding industry trends and managing risk.
      • Advanced Performance Management (APM): APM focuses on applying relevant knowledge and skills, exercising professional judgment, and evaluating performance or development strategies within organizations.
      • Advanced Taxation (ATX): ATX equips you with knowledge to provide relevant information on how taxation affects individuals and exercise professional judgment in giving advice.
      • Advanced Audit and Assurance (AAA): This exam tests your skills in assurance engagements, preparing you to assess risks and analyze changes within industries.

      Conclusion

      Choosing the right ACCA subjects is crucial for passing the examinations and becoming a qualified accountant. In this comprehensive overview, we have outlined the ACCA subjects at each level, providing you with the information needed to make informed decisions about your ACCA journey.Whether you’re just starting or already progressing through the qualification, understanding the subjects and their significance will help you prepare effectively. Remember, success in the ACCA exams requires dedication, commitment, and a thorough understanding of the subjects.

       

      Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.

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