ACCA modules: Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.
The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.
Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.
The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.
ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.
Module for knowledge
F1 – Accountant in Business
- Business organisation, structure, governance and management
- Environmental influences and constraints on business and accounting
- History and role of accounting in business
- Specific functions of accounting and internal financial control
- Leading and managing individuals and teams
F2 – Management Accounting
- The nature and purpose of cost and management accounting
- Cost classification, behaviour and purpose
- Business mathematics and electronic spreadsheets
- Cost-accounting techniques
- Short-term decision making techniques
F3 – Financial Accounting
- The context and purpose of financial reporting
- The qualitative characteristics of financial information and the fundamental bases of accounting
- The use of double entry and accounting systems
- Recording transactions and events
- Preparing a trial balance
- Preparing basic financial statements
- The basics of group accounting
F4 – Corporate and Business Law
Develops your skills and knowledge of the general legal framework relating to business.
F5 – Performance Management
Teaches you how to apply management accounting techniques to quantitative and qualitative information. It builds on the knowledge gained in paper F2, so you will need to re-familiarise yourself with topics such as absorption and marginal costing. If booking any BPP In Centre Classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the – Assumed Knowledge- (topics covered in F2 that you see again in F5) through MyBPP, your online learning environment.
F6 – Taxation
Helps you to develop knowledge and skills relating to the tax system, as it applies to individuals and companies.
F7 – Financial Reporting
Enables you to prepare, present, analyse and interpret financial statements which conform to UK standards. It builds on the knowledge gained in paper F3. So if you are exempt from F3, you are advised to revise double entry techniques before attending the F7 course. If booking any BPP In Centre classroom, Online Classroom Live or Online Classroom course you will get FREE online access to the – Assumed Knowledge- (topics covered in F3 that you see again in F7) through MyBPP, your online learning environment.
F8 – Audit and Assurance
Develops your knowledge and understanding of the process and application of undertaking an audit assurance engagement.
F9 – Financial Management
Gives you an understanding of what is expected of a financial manager, including issues affecting investment and financing.
P1 – Governance, Risk and Ethics
Teaches you how to apply relevant knowledge, skills and judgment gained from previous papers when carrying out the role of an accountant.
P2 – Corporate Reporting
Teaches you how to evaluate financial reporting principles and practices. It builds on the knowledge gained in papers F3 and F7. If you book the P2 course either through our Online Classroom Live, Online Classroom or In Centre Classroom you will be given FREE online access to BPPs Assumed Knowledge resources for covering F7, to help you get back up to speed for P2.
P3 – Business Analysis
Teaches you how to apply knowledge and skills gained from previous papers to the assessment and implementation of business strategy.
P4 – Advanced Financial Management
This module gives you an understanding of what is expected of a senior financial executive, in terms of the financial management of an organisation, building on topics first visited in paper F9.
P5 – Advanced Performance Management
Teaches you how to evaluate business performance through the application of strategic management accounting techniques. It builds on the topics seen in paper F5.
P6 – Advanced Taxation
This paper teaches you how to apply relevant knowledge and skills gained from paper F6 to evaluate the impact of major taxes, focusing on the financial decisions of both individuals and organisations. As part of this module we provide introductory chapters to help you to master any rule changes that may have occurred since you last studied taxation.
P7 – Advanced Audit and Assurance
Teaches you how to obtain, plan, control and conclude both audit and assurance engagements, building on the topics covered by paper F8
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