The Knowledge module comprises of 3 subjects and introduces you to the main areas of financial and management accounting. You will study the other technical accountancy areas after you study this.

EXAM FORMAT OF EACH PAPER

Mode: Computer Based Exams (CBEs) and are available on demand

Duration: 2 hours duration 100 marks (2 mark objective test questions)

Pass mark: 50%

EACH PAPER CONSISTS OF 2 SECTIONS:

section A: objective test questions (OTs)

section B: multi-task questions (MTQs)

 

 

F1/FAB Accountant in Business

 

Course Duration: 30hrs

Estimated effort: 4 hours per week, plus 1-2 hours of self-study per week

Recorded Classes and Printed Book (Practice & Revision Kit)

Price: ₹10,000.00

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ACCA Exam Resources 2017

F1 syllabus and study guide
F1 guidance from the Examining Team
F1 specimen exams
F1 practice tests
F1 technical articles
F1 retake guides
F1 FAQs

ACCA–>Fundamental Level–>Knowledge Module

Assumed Knowledge:

There are no knowledge gaps to worry about with regard to Paper 1

Related Papers:

P1,P3

CA CS CMA Free Lectures

Aim

On successful completion of this paper, candidates should be able to:

  1. Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
  2. Understand business organisation structure, functions and the role of corporate governance
  3. Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance
  4. Recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed.
  5. Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour.
  6. Recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values

Syllabus Summary

The business organisation, its stakeholders and the external environment

  1. The purpose and types of business organisation
  2. Stakeholders in business organisations
  3. Political and legal factors affecting business
  4. Macroeconomic factors
  5. Micro economic factors
  6. Social and demographic factors
  7. Technological factors
  8. Environmental factors
  9. Competitive factors

Business organisational structure, functions and governance

  1. The formal and informal business organisation
  2. Business organisational structure and design
  3. Organisational culture in business
  4. Committees in business organisations
  5. Governance and social responsibility in business

Accounting and reporting systems, controls and compliance

  1. The relationship between accounting and other business functions
  2. Accounting and finance functions within business organisations
  3. Principles of law and regulation governing accounting and auditing
  4. The sources and purpose of internal and external financial information, provided by business
  5. Financial systems, procedures and related IT applications
  6. Internal controls, authorisation, security of data and compliance within business
  7. Fraud and fraudulent behaviour and their prevention in business, including money laundering.

Leading and managing individuals and teams

  1. Leadership, management and supervision
  2. Recruitment and selection of employees
  3. Individual and group behaviour in business organisations
  4. Team formation, development and management
  5. Motivating individuals and groups
  6. Learning and training at work
  7. Review and appraisal of individual performance

Personal effectiveness and communication

  1. Personal effectiveness techniques
  2. Consequences of ineffectiveness at work
  3. Competence frameworks and personal development
  4. Sources of conflicts and techniques for conflict resolution and referral
  5. Communicating in business

Professional ethics in accounting and business

  1. Fundamental principles of ethical behaviour
  2. The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
  3. Corporate codes of ethics
  4. Ethical conflicts and dilemma

 

 

F2/FMA Management Accounting

 

Course Duration: 30hrs

Estimated effort: 4 hours per week, plus 1-2 hours of self-study per week

Recorded Classes and Printed Book (Practice & Revision Kit)

Price: ₹10,000.00

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ACCA Exam Resources

F2 syllabus and study guide
F2 guidance from the Examining Team
F2 specimen exams
F2 practice tests
F2 technical articles
F2 retake guides
F2 FAQs

ACCA–>Fundamental Level–>Knowledge Module

Assumed Knowledge:

There are no knowledge gaps to worry about with regard to Paper 2 Management Accounting

Related Papers:

F5,P3,P5

On successful completion of this paper, candidates should be able to:

  1. Explain the nature, source and purpose of management information
  2. Explain and apply cost accounting techniques
  3. Prepare budgets for planning and control
  4. Compare actual costs with standard costs and analyse any variances
  5. Explain and apply performance measurements and monitor business performance.

Syllabus Summary

The nature, source and purpose of management information

  1. Accounting for management
  2. Sources of data
  3. Cost classification
  4. Presenting information

Cost accounting techniques.

  1. Accounting for material, labour and overheads
  2. Absorption and marginal costing
  3. Cost accounting methods
  4. Alternative cost accounting principles

Budgeting

  1. Nature and purpose of budgeting
  2. Statistical techniques
  3. Budget preparation
  4. Flexible budgets
  5. Capital budgeting and discounted cash flow
  6. Budgetary control and reporting
  7. Behavioural aspects of budgeting

Standard costing

  1. Standard costing system
  2. Variance calculations and analysis
  3. Reconciliation of budgeted and actual profit

Performance measurement

  1. Performance measurement – overview
  2. Performance measurement – application
  3. Cost reductions and value enhancement
  4. Monitoring performance and reporting

 

 

F3/FFA Financial Accounting

 

Course Duration: 30hrs

Estimated effort: 4 hours per week, plus 1-2 hours of self-study per week

Recorded Classes and Printed Book (Practice & Revision Kit)

Price: ₹10,000.00

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ENROLL NOW

Bottom of Form

ACCA Exam Resources 2017

F3 syllabus and study guide
F3 guidance from the Examining Team
F3 specimen exams
F3 practice tests
F3 technical articles
F3 retake guides
F3 FAQs

ACCA–>Fundamental Level–>Knowledge Module

Assumed Knowledge:

There are no knowledge gaps to worry about with regard to Paper 3

Related Papers:

F7, P2

Aim

On successful completion of this paper, candidates should be able to:

  1. Explain the context and purpose of financial reporting
  2. Define the qualitative characteristics of financial information
  3. Demonstrate the use of double-entry and accounting systems
  4. Record transactions and events
  5. Prepare a trial balance (including identifying and correcting errors) Prepare basic financial statements for incorporated and unincorporated entities.
  6. Prepare simple consolidated financial statements
  7. Interpretation of financial statements

Syllabus Summary

The context and purpose of financial reporting

  1. The scope and purpose of financial statements for external reporting
  2. Users’ and stakeholders’ needs
  3. The main elements of financial reports
  4. The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
  5. Duties and responsibilities of those charged with governance.

The qualitative characteristics of financial information

  1. The qualitative characteristics of financial information

The use of double-entry and accounting systems

  1. Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
  2. Ledger accounts, books of prime entry, and journals

Recording transactions and events

  1. Sales and purchases
  2. Cash
  3. Inventory
  4. Tangible non-current assets
  5. Depreciation
  6. Intangible non-current assets and amortisation
  7. Accruals and prepayments
  8. Receivables and payables
  9. Provisions and contingencies
  10. Capital structure and finance costs

Preparing a trial balance

  1. Trial balance
  2. Correction of errors
  3. Control accounts and reconciliations
  4. Bank reconciliations
  5. Suspense accounts

Preparing basic financial statements

  1. Statements of financial position
  2. Statements of profit or loss and other comprehensive income
  3. Disclosure notes
  4. Events after the reporting period
  5. Statements of cash flows
  6. Incomplete records

Preparing simple consolidated financial statements

  1. Subsidiaries
  2. Associates

Interpretation of financial statements

  1. Importance and purpose of analysis of financial statements
  2. Ratios
  3. Analysis of financial statements
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