ACCA Course : Knowledge Level

ACCA Knowledge level is the very first step to the ACCA qualification and consists of three modules: Accountant in Business, Management Accounting and Financial Accounting. ACCA Knowledge Level can not only earn you Diploma in Accounting and Business but also build a strong foundation for a career in Accounting. Students can start this program after 12th and commerce graduates are exempt.

Features

Training by ACCA Qualified trainer or experts in the field.

Get career counseling and placement assistance.

24×7 access to online study material

Classroom and online mode available

Taught from BPP Material.

Clear your subject doubts face-to-face with experts.

Study Options

Classroom Program

Training by ACCA Qualified trainer or experts in the field.
Mock exams and tests in classroom with faculty feedback.
Solve past examination question subject wise.

Enroll Now

Live Online Training

“Live & Interactive” training program on CISCO Platform
Regular assignments and exam oriented teaching format
Never miss a session : get recorded video of all classes

Enroll Now

Syllabus

F1-Accountant in Business

This level provides complete introduction to the foundations of effective management, this paper will help you to understand the present-day business environment and its impact on the operation of the organisation. It also focusses on the role of the accountant in the organisation, their ways of functioning, and how they can contribute to the organisation in the most ethical way.

The main elements of this paper are as follows:

Business organisation structure, governance, and management
Key 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
Recruiting and developing effective employees

F2 – Management Accounting

Management Accounting teaches you to utilise the quantitative statistics, available data, and other elements to formulate strategic decisions for the business. This branch of accounting not only focusses on the technical aspects of accounting and reporting but also how to implement the available information in the decision-making process.

The main topics covered in this paper are as follows:

The nature and purpose of cost and management accounting
Cost classification, behaviour, and purpose
Business mathematics and computer spreadsheets
Cost accounting techniques
Budgeting and standard costing
Short-term decision-making techniques

F3 – Financial Accounting

You will get full grasp on the underlying principles, core concepts, and rules and regulations of financial accounting and acquire technical expertise in double-entry accounting techniques, including the preparation and interpretation of basic financial statements.

The main topics covered in this paper are as follows:

Context and purpose of financial reporting
Qualitative characteristics of financial information and fundamental bases of accounting
Use of double-entry accounting systems
Recording transactions and events
Preparing a trial balance
Preparing basic financial statements

Exams & Certifications

Eligibility criteria

Minimum age is 16 years.
Passed Class 12th with 60% Marks in English, Mathematics and Accountancy Or Completion of Foundation in Accountancy (FIA).

Exemptions

Commerce graduates, IPCC(both group cleared) get exemptions from all 3 exams.

Exam pattern

Section A contains objective test questions (OTs)
Section B contains multi-task questions (MTQs)
Duration: Two hours
Total marks: 100 marks
Passing marks: 50%

Historical Pass Rate

Certification

Students receives certificate of achievement if they score 85% or above in any individual.

Students clearing the knowledge level i.e F1, F2, F3 exams can earn Diploma in Accounting and Business after they complete ethics and skills module.