Acca Syllabus 11 Feb 2021

ACCA
Syllabus
Contents
page
Benefits of Studying with LSBF 02
About ACCA 03
The ACCA syllabus 04

- Applied Knowledge 06
- Applied Skills 08
- Strategic Professional 14

Course Fees 17
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About
ACCA
Gaining accreditation from
the Association of Chartered
Certified Accountants (ACCA)
opens the door to a successful
accountancy career across
many different industries.
This globally recognised
ACCA qualification will greatly
increase your earning potential
and ability to gain senior roles
across the world.
ACCA accreditation is held

in especially high regard
throughout the fields of
banking, management and
consultancy. It also awards you
the status of Registered Auditor,
adding further scope to your
potential career.

The ACCA syllabus
The ACCA syllabus (Association of Chartered Certified
Accountants) consists of three stages:
1. The Applied knowledge module

which contains three exams;
However, two are essentials; Strategic Business
Leader (SBL), Strategic Business Reporting
Business and Technology (BT), (SBR) and four are options; Advanced Financial
Management Accounting (MA), Management (AFM), Advanced Performance
Financial Accounting (FA). Management (APM), Advanced Taxation (ATX),
Advanced Audit and Assurance (AAA).
2. The Applied Skills module which

contains six exams; Corporate and
Students must also complete the ACCA Ethics
and Professional Skills stage. Depending on
Business Law (LW), Performance your current qualifications, you may be exempt
Management (PM), Taxation (TX), from some ACCA exams.
Financial Reporting (FR), Audit
and Assurance (AA), Financial
Management (FM).
3. The Strategic Professional module

which contains 4 exams;

Ethics and
Professional 3. Strategic
Skills module Professional
Experience (Optional MSc)
Three years of
relevant work Essentials
experience 2. Applied • Strategic Business
Skills Leader
(Optional MSc) • Strategic Business
Reporting
1. Applied • Corporate and
Business Law Option (Pick Two)
Knowledge
• Performance • Advanced Financial
• Business and Management • Management
Exams
Technology • Taxation • Advanced

• Management • Financial Reporting Performance
Accounting • Audit and Management
• Financial Assurance • Advanced Taxation
Accounting • Financial • Advanced Audit
Management and Assurance
Requirements
ACCA Diploma in
University-entrance Accounting and
Entry
Fully accredited
level* or non-relevant Business or relevant
degree*
degree accounting or finance
qualification*
*Information sourced from accaglobal.com - correct as of 23/09/2020

✓ Applied Knowledge BT (F1) Business and Technology
This module, which includes exams BT (F1) to MA (F2) Management Accounting

FA (F3), is the starting point for achieving your
ACCA qualification. Once you’ve passed all 3 FA (F3) Financial Accounting
exams, you can continue onto the Applied
Skills stage.
Business and Technology (ACCA BT)

- Formerly known as F1
This exam will examine how well you

understand the environment of the business
world and how this affects the way companies
operate, particularly in regards to the role of
accountants within businesses. You will need
to understand how accountants can make a
positive impact in the organisation, as well as
having a good understanding of essential skills
for management.
Topics include:
✓ B
usiness stakeholders and external
environment
✓ Business structure
✓ A
ccounting and reporting systems, controls
and compliance
✓ Leadership and teamwork
✓ Personal effectiveness and communication
✓ Ethics in accounting and business

Management Accounting (ACCA MA)
This exam explores your understanding of how

to prepare and analyse basic quantitative
data and cost information in order to support
managers in making important business
decisions.
Topics include:
✓ Management information
✓ Cost accounting techniques
✓ Budgeting
✓ Standard costing
✓ Performance measurement
Financial Accounting (ACCA FA)

The aim of this exam is to test your ability to

use double-entry accounting techniques. You
will need to know the basic financial principles
and regulations and demonstrate your
technical proficiency.
This includes knowing how to prepare basic

financial statements, basic consolidated
financial statements and how to interpret them.
Topics include:
✓ Financial reporting
✓ Qualitative characteristics of
financial information
✓ Double-entry and accounting systems
✓ Recording transactions
✓ Trial balance
✓ Preparing basic financial statements
✓ Preparing simple consolidated
financial statements
✓ Interpreting financial statements

✓ Applied Skills LW (F4) Corporate and Business Law
Comprising exams LW (F4) to FM (F9), this PM (F5) Performance Management

stage examines the principle technical
subjects that you’re expected to have an TX (F6) Taxation
advanced understanding of. These subjects
include law, taxation, auditing and financial FR (F7) Financial Reporting
management, financial reporting and
performance management. You will develop AA (F8) Audit & Assurance
knowledge and skills in these subject areas,
reaching a level of knowledge equivalent to FM (F9) Financial Management
a bachelor’s degree.
Corporate and Business Law (ACCA LW)

This exam tests your general knowledge of

the legal framework as well as your specific
knowledge of how the law relates to business
and when you should consult an expert.
Topics include:
✓ Essential elements of the legal system
✓ Obligations
✓ Employment law
✓ F
ormation and constitution of business
organisations
✓ Financing companies
✓ M
anagement, administration, and
regulation of companies
✓ Insolvency
✓ C
orporate fraudulent and criminal
behaviour

Performance Management (ACCA PM)
This exam tests your practical skills in

management accounting, including your
technical ability to produce quantitative
and qualitative information for a variety of
business purposes.
Topics include:
✓ Specialist management accounting
✓ Decision-making
✓ Budgeting
✓ Performance measurement
Taxation (ACCA TX)

The aim of this exam is to test your knowledge

of taxation and how it applies to individuals,
companies and groups of companies.
Topics include:
✓ The tax system
✓ Income tax and NIC
✓ Chargeable gains for individuals
✓ Inheritance tax
✓ Corporation tax
✓ VAT

Financial Reporting (ACCA FR)
This exam will build your knowledge of

accounting standards, as well as developing
your skills relating to the application of
theoretical frameworks to the preparation of
financial statements. You will also learn how to
interpret these financial statements.
Topics include:
✓ T
he conceptual and regulatory framework
for financial reporting
✓ A
ccounting for transactions in financial
statements
✓ A
nalysing and interpreting financial
statements
✓ Preparation of financial statements
Audit and Assurance (ACCA AA)

This exam will ensure that you fully understand

the process of carrying out the assurance
engagement and will teach you the related
contexts of the professional regulatory
framework.
Topics include:
✓ Audit framework and regulation
✓ Planning and risk assessment
✓ Internal control
✓ Audit evidence
✓ Review and reporting

Financial Management (ACCA FM)
This exam tests your ability to perform as a

financial manager. You will be tested on the ins
and outs of investment and finance, as well as
dividend policy decisions.
Topics include:
✓ Financial management function
✓ Financial management environment
✓ Working capital management
✓ Investment appraisal
✓ Business finance
✓ Business valuations
✓ Risk management
✓ Strategic Professional
(Essentials) SBL (P1 + P3) Strategic Business Leader
This stage is called Essentials as it will provide

you with the specialised skills and techniques
required to become an expert accountant, SBR (P2) Strategic Business Reporting
either in a consultancy or high-level advisory
role. Each of the 2 ACCA exams is assessed
with a 3-hour exam.

Strategic Business Leader (ACCA SBL)
- Formerly known as P1 & P3
The aim of this exam is to look at areas that

the Board of Directors of an organisation
need to consider.
This ranges from looking at big picture areas

such as strategy and corporate governance
to detailed areas such as developing policies
on internal controls, audit and approaches to
managing projects.
As well as studying the technical areas above,

20% of the exam marks are awarded for
being able to communicate on these areas.
For example, the exam might require you to
draft a letter to a newspaper or prepare a
presentation to a group of investors rather
than just writing an essay.
So that you can improve these skills, much of

the course will be practical. You will be asked
to prepare answers both in and outside class
to be marked by your tutor.
The four-hour exam will be based on one

organisation, so it will be necessary to think
holistically. Because of this, you may find that
information you are given for Question 1 has
an impact on your answer to Question 3.
One of the core skills your tutor will help you
to develop is being able to view how all the
material links together rather than being lots
of individual topics.
Topics include:
✓ D
efine governance and explain its
function in the management and
control of organisations
✓ Evaluate the role of the accountant
✓ E
xplain the role of the accountant in
identifying and assessing risk
✓ E
xplain and evaluate the role of the
accountant in relation to risk management
✓ D
emonstrate the application of professional
values and judgement through an ethical
framework

Strategic Business Reporting (ACCA SBR)
- Formerly known as P2
This exam develops your financial reporting

skills, building on your existing knowledge
and developing your understanding of more
complex financial reporting issues and the
wider corporate reporting world.
Success in SBR is based upon building solid

knowledge foundations but you will also be
expected to develop critical and analytical skills
to enable you to grapple with the preparer
and investor double focus of the requirements.
The examination is both technical and time-
pressured. This means your tutors have
invested time and effort in creating resources
that will enable you to practice and grow into
the skill set required to be successful.
Topics include:
✓ E
xplore the professional and ethical duties of
the accountant
✓ Evaluate the financial reporting framework
✓ R
eport on the financial performance of
entities
✓ P
repare financial statements for groups
of entities in accordance with accounting
standards
✓ E
xplore reporting issues relating to
specialised entities
✓ D
iscuss the implications of changes in
accounting regulation
✓ A
ppraise the financial performance of
entities
✓ Evaluate current developments

✓ Strategic Professional (Options)
Choose any 2 from 4.
AFM (P4) Advanced Financial Management ATX (P6) Advanced Taxation
AAA (P7) Advanced Audit & Assurance

APM (P5) Advanced Performance Management
(UK or International)
Advanced Financial Management

(ACCA AFM) - Formerly known as P4
This exam will explore your skills in relation to

the financial management of different types of
organisations. You will be tested on your ability
to exercise professional judgement in senior
roles related to finance within a business.
AFM (P4) is one of four Options exams. You

need to complete two Options exams as part
of the ACCA exam requirements.
Topics include:
✓ Role and responsibility towards stakeholders
✓ E
conomic environment for multinational
organisations
✓ Advanced investment appraisal
✓ Acquisitions and mergers
✓ C
orporate reconstruction and
re-organisation
✓ T
reasury and advanced risk
management techniques
✓ E
merging issues in finance and financial
management

Advanced Performance Management
(ACCA APM) - Formerly known as P5
This exam will exercise your professional

judgement in applying appropriate
management accounting techniques. You
will also be tested on how you are able to
contribute to the evaluation of a specific
organisation and its development.
APM (P5) is one of four optional exams. You

need to complete two optional exams as part
of the ACCA exam requirements.
Topics include:
✓ Strategic planning and control
✓ E
xternal influences on
organisational performance
✓ P
erformance measurement systems
and design
✓ Strategic performance measurement
✓ P
erformance evaluation and
corporate failure
✓ C
urrent developments and emerging issues
performance management
Advanced Taxation (ACCA ATX)

The ATX (P6) exam on Advanced Taxation

explores your application of knowledge and
skills in providing relevant information and
advice to businesses and individuals. You will
also be tested on your ability to evaluate the
effects of the major taxes in financial situations.
ATX is one of four Options exams. You need

to complete two Options exams as part of the
ACCA exam requirements.
Please note:
! T
he syllabus for this exam changes
depending on the region you are based in.

Advanced Audit and Assurance (ACCA AAA)
This exam will test your abilities to analyse and

evaluate assurance engagement and other
audit and assurance issues. You will also be
tested on your ability to evaluate and make
reports on advanced audit and assurance
problems in the context of best practice and
current developments.
AAA (P7) is one of four Options exams. You

need to complete two Options exams as part
of ACCA’s exam requirements.
Topics include:
✓ Regulatory environment
✓ Professional and ethical considerations
✓ Practice management
✓ Audit of historical financial information
✓ Reporting
✓ Current issues and developments

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ACCA

The ACCA syllabus 04

Fully funded Master’s

Online and on-campus study modes

Flexible study modes

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 02

ACCA accreditation is held

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 03

1. The Applied knowledge module

2. The Applied Skills module which

3. The Strategic Professional module

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 04

Technology • Taxation • Advanced

*Information sourced from accaglobal.com - correct as of 23/09/2020

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 05

This module, which includes exams BT (F1) to MA (F2) Management Accounting

Business and Technology (ACCA BT)

This exam will examine how well you

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 06

This exam explores your understanding of how

Financial Accounting (ACCA FA)

The aim of this exam is to test your ability to

This includes knowing how to prepare basic

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 07

Comprising exams LW (F4) to FM (F9), this PM (F5) Performance Management

Corporate and Business Law (ACCA LW)

This exam tests your general knowledge of

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 08

This exam tests your practical skills in

Taxation (ACCA TX)

The aim of this exam is to test your knowledge

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 09

This exam will build your knowledge of

Audit and Assurance (ACCA AA)

This exam will ensure that you fully understand

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 10

This exam tests your ability to perform as a

This stage is called Essentials as it will provide

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 11

The aim of this exam is to look at areas that

This ranges from looking at big picture areas

As well as studying the technical areas above,

So that you can improve these skills, much of

The four-hour exam will be based on one

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 12

This exam develops your financial reporting

Success in SBR is based upon building solid

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 13

AFM (P4) Advanced Financial Management ATX (P6) Advanced Taxation

AAA (P7) Advanced Audit & Assurance

Advanced Financial Management

This exam will explore your skills in relation to

AFM (P4) is one of four Options exams. You

Text us on WhatsApp (+44 20 3005 6336) ACCA Syllabus | 14

This exam will exercise your professional

APM (P5) is one of four optional exams. You

Advanced Taxation (ACCA ATX)

The ATX (P6) exam on Advanced Taxation

ATX is one of four Options exams. You need