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

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Sounak Banerjee

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ACCA subjects are divided into various categories like Foundations in Accountancy, Knowledge Level, Skill Level, Professional Level and Optional Subjects. Each of the categories contains many subjects that students need to study in order to get ACCA certification.

ACCA Foundation is for students without a formal degree. These subjects contain ACCA Diploma in Financial and Management Accounting, ACCA Diploma in Accounting and Business and Certified Accounting Technician. 

Check: ACCA Exam Details

ACCA Knowledge Level contains subjects like Business & Technology, Management Accounting, Financial Accounting etc. ACCA Skill Level subjects include Corporate and Business Law, Taxation, Performance Management, Financial Reporting, Audit and Assurance and Financial Management.

See Also: ACCA Colleges

Subjects of the ACCA Professional Level are Strategic Business Leader and Strategic Business Reporting. The optional subjects at the ACCA Professional Level are Advanced Financial Management, Advanced Performance Management, Advanced Taxation and Advanced Audit and Assurance. 

Table of Contents

  1. ACCA Syllabus
  2. Foundations in Accountancy Subjects

2.1 ACCA Diploma in Financial and Management Accounting

2.2 ACCA Diploma in Financial and Management Accounting 

2.3 ACCA Diploma in Accounting and Business

2.4 Certified Accounting Technician

  1. ACCA Knowledge Level Subjects

3.1 Business & Technology

3.2 Management Accounting 

3.3 Financial Accounting

  1. ACCA Skill Level Subjects

4.1 Corporate and Business Law 

4.2 Taxation 

4.3 Performance Management

4.4 Financial Reporting

4.5 Audit and Assurance 

4.6 Financial Management

  1. ACCA Professional Level Subjects

5.1 Strategic Business Leader 

5.2 Strategic Business Reporting

  1. Optional Subjects in the ACCA Professional Level

6.1 Advanced Financial Management

6.2 Advanced Performance Management

6.3 Advanced Taxation

6.4 Advanced Audit and Assurance 

  1. ACCA Subjects: FAQs

ACCA Syllabus

Knowledge Level
BT – Business & Technology MA – Management Accounting
FA – Financial Accounting -
Skill Level
LW – Corporate & Business Law (GLO) PM – Performance Management
TX – Taxation (UK) FR – Financial Reporting
AA – Audit & Assurance FM – Financial Management
Professional Level
SBR – Strategic Business Reporting (INT) SBL – Strategic Business Leader
APM – Advanced Performance Management ATX – Advanced Taxation (UK)
AAA – Advanced Audit & Assurance (INT) AFM – Advanced Financial Management

Foundations in Accountancy Subjects

The subjects of Foundations in Accountancy are mentioned below

See Also:

ACCA Diploma in Financial and Management Accounting 

The ACCA Diploma in Financial and Management Accounting (RQF Level 2) is awarded upon completion 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) and 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. In order 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.

ACCA Knowledge Level Subjects

The subjects at the ACCA Knowledge level are mentioned below: 

See Also:

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. See Also: Management Accounting Courses

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. See Also: Financial Accounting Courses

ACCA Skill Level Subjects

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

See Also: 

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. See Also: Corporate Law Courses

Taxation 

It includes: Cost accounting methods, Budgeting and forecasting, Performance measurement techniques, Standard costing and variance analysis. See Also: Taxation Courses

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 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, 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 installments throughout the year as opposed to in one large sum at the end are known as advance tax. Advance tax, which is often referred to as earn tax, must be paid in installments 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..

ACCA Subjects: FAQs

Ques. What is ACCA?

Ans. ACCA stands for Association of Chartered Certified Accountants. It was founded in 1904. ACCA is a membership body that accredits and supports professional accountants all over the world.

Ques. What are the eligibility criteria for ACCA?

Ans. To be eligible for ACCA courses, applicants must be 18 years old and have completed 10+2 subjects with an average of 65% in Mathematics and 50% in English.

Ques. What is the syllabus of ACCA?

Ans. ACCA as a course covers aspects of CA such as accounting, financial reporting, auditing, taxation, corporate finance and financial management.

Ques. How can one become an Affiliate member of ACCA?

Ans. To become an ACCA Affiliate Member, students must complete 36 months of work experience and meet approximately 9 performance goals. This experience document must be signed by a supervisor.

Ques. What is the scope of ACCA in India?

Ans. The scope of ACCA in India has been increasing tremendously over the last few years. Candidates who’ve successfully completed their ACCA and gained professional skills are hired by the best of companies such as PwC, Deloitte, KPMG, EY, Grant Thornton, and BDO.

Ques. What is the difference between CA and ACCA?

Ans. CA stands for Chartered Accountancy and ACCA stands for Association of Certified Chartered Accountants and are recognized worldwide. CA courses focus primarily on finance and financial accounting. At the same time, ACCA courses focus on taxation, auditing, accounting, management accounting, and more.

Ques. What is the difficulty Levels of the ACCA Papers?

Ans. The degree of difficulty of each paper varies greatly depending on the candidate. In general, difficulty depends on the candidate's existing skills, areas of interest, and perceptions.

Ques. What is the scope of ACCA overseas?

Ans. ACCA has been adopted in over 180 countries around the world. The most popular countries for students to study in India are UK, Canada, Australia, Singapore and Dubai. ACCA is an approved signatory in most of these countries.

Ques. What are the ACCA Optional Papers?

Ans. The ACCA Optional Papers (Candidates have to choose any 2):

AFM (P4) – Advanced Financial Management.

APM (P5) – Advanced Performance Management.

ATX (P6) – Advanced Taxation.

AAA (P7) – Advanced Audit & Assurance.

Ques. Is it possible to pass ACCA exams in first attempt?

Ans. Few people pass their ACCA exams the first time. To pass the ACCA for the first time, it is important to remain calm and focused. So make sure to eat well, get enough sleep, exercise, drink plenty of water, and take breaks when needed.

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