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ACCA notes for exam and Details about acca

ACCA notes for exam

ACCA notes for exam: Chartered Certified Accountant is the professional body’s main qualification. Following completion of up to 14 professional examinations, three years of supervised, relevant accountancy experience and a professional ethics module, it enables an individual to become a Chartered Certified Accountant. The ACCA professional examinations are offered worldwide four times yearly, in March, June, September and December as paper-based exams. Computer-based exams are also offered for the first four exams (F1, F2, F3 & F4) which are available to take at ACCA licensed exam centres throughout the year. A Bachelor of Science (Honours) degree in Applied Accounting (after completing the Fundamentals level of the exams, the professional ethics module and submitting a Research and Analysis project), is offered in association with Oxford Brookes University.

The syllabus comprises 14 examinations, although some exemptions are available. The qualification is structured in two parts. The Fundamentals level consists of 9 examinations: F1 Accountant in Business, F2 Management Accounting, F3 Financial Accounting, F4 Corporate and Business Law, F5 Performance Management, F6 Taxation, F7 Financial Reporting, F8 Audit and Assurance, and F9 Financial Management.

The Professional level involves 5 examinations. Within the Professional level three papers are compulsory: P1 Governance, Risk and Ethics; P2 Corporate Reporting; and P3 Business Analysis. Two of the following four options papers must also be completed: P4 Advanced Financial Management, P5 Advanced Performance Management, P6 Advanced Taxation and P7 Advanced Audit and Assurance.

The ACCA full Professional qualification is regarded as the equivalent of a taught UK master’s degree by the UK NARIC and Department of Education.

Subjects include financial accounting, management accounting, financial reporting, taxation, company law, audit and assurance and financial management.

ACCA notes for exam: Foundation-level qualifications – Foundations in Accountancy

ACCA offers a range of foundation-level certificates and diplomas – collectively referred to as Foundations in Accountancy – which provide an entry point for anyone new to accounting and finance and who doesn’t meet the minimum entry requirements for the ACCA Qualification (which is three GCSEs and 2 A Levels or equivalent, in five separate subjects). Students can start at any level within the Foundation level, but it is recommended that students without any formal academic qualifications start with the Introductory Certificate in Financial and Management Accounting and complete exams FA1, Recording Financial Transactions and MA1, Management Information; then progress to Intermediate Certificate in Financial and Management Accounting and complete exams FA2, Maintaining Financial Records and MA2, Managing Costs and Finance; before progressing to the Diploma in Accounting and Business and completing FAB, Accountant in Business, FMA, Management Accounting and FFA Financial Accounting. Students can use the Foundation-level awards as an entry route onto the ACCA Qualification. Students who complete the Diploma in Accounting and Business will be given exemption from the first three exams of the ACCA Qualification (F1, F2 and F3) and can start their studies on the ACCA Qualification with Paper F4, Corporate and Business Law.

In order to achieve a certificate for the exams completed students must also complete a foundation ethics module called Foundations in Professionalism, but this only has to be completed once, even if a student wishes to achieve both certificates and the diploma.

The Foundation-level exams are available as paper-based exams held in June and December or as on-demand computer-based exams throughout the year at ACCA Licensed exam centres.

ACCA notes for exam: ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

ACCA notes for exam: History

  • 1930: London Association of Accountants successfully campaigns for the right to audit companies.
  • 1933: London Association of Accountants renamed London Association of Certified Accountants.
  • 1939: Corporation of Accountants (Scottish body, founded 1891) merges with London Association of Certified Accountants to become the Association of Certified and Corporate Accountants.
  • 1941: Institution of Certified Public Accountants (founded 1903, and incorporating the Central Association of Accountants from 1933) merges with Association of Certified and Corporate Accountants.
  • 1971: Association of Certified and Corporate Accountants renamed Association of Certified Accountants.
  • 1974: Royal Charter Queen Elizabeth II.
  • 1974: ACCA becomes one of six founding members of the Consultative Committee of Accountancy Bodies (CCAB).
  • 1977: ACCA becomes a founding member of the International Federation of Accountants (IFAC).
  • 1984: Association of Certified Accountants renamed Chartered Association of Certified Accountants.
  • 1995: ACCA members vote at an extraordinary general meeting to rename itself Association of Chartered Public Accountants and to introduce the designation Chartered Public Accountant. The Privy Council subsequently rejected this proposal over concerns about the term “public”. It did however agree that any accountancy body bearing a royal charter could use “chartered” as part of its designation.
  • 1996: Chartered Association of Certified Accountants renamed Association of Chartered Certified Accountants. Members become entitled to use the title Chartered Certified Accountant (Designatory letters ACCA or FCCA). The Association of Authorised Public Accountants became a subsidiary of ACCA. The group earned its first Queen’s Award, for Export Achievement
  • 1998: ACCA’s syllabus formed the basis of the United Nations’ global accountancy curriculum titled Guideline on National Requirements for the Qualification of Professional Accountants, published in 1999. ACCA was a participant in the consultative group that devised this global Benchmark.
  • 2001: ACCA received a Queen’s Award for Enterprise in International Trade, recognising ACCA’s growth and its role in 160 countries worldwide.
  • 2002: ACCA received its second Queen’s Award for Enterprise in the space of 12 months, in the Sustainable Development category. The award recognized ACCA’s continuing work on social and environmental issues.
  • 2009: ACCA members allowed to provide probate services as of 1 August under Probate Services (Approved Bodies) Order 2009 Number 1588.
  • 2011 to 2012: ACCA is the first accountancy body to publish an integrated report
  • 2014: ACCA members and student numbers reach 600,000 worldwide.
  • 2015: ACCA launches M.Sc. in Professional Accountancy with the University of London (UCL)

DETAILED SYLLABUS

A) 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

ACCA notes for exam

B) 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

ACCA notes for exam

C) 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.

ACCA notes for exam

D) 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.

ACCA notes for exam

E) 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.

ACCA notes for exam

F) 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 dilemmas

ACCA notes for exam 2017

DETAILED SYLLABUS

A) 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

ACCA notes for exam

B) 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

ACCA notes for exam

C) 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.

ACCA notes for exam

D) 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.

ACCA notes for exam

E) 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.

ACCA notes for exam

F) 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 dilemmas.

You can see the changes in the syllabus and other detailed above. check out the latest syllabus above and start your preparation for exam.

ACCA notes for exam

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