ACCA Course: A Comprehensive Guide to Subjects and Details

If you’re planning to pursue a career in finance, accounting, or auditing, then the Association of Chartered Certified Accountants (ACCA) is an excellent choice for you. The ACCA course provides a comprehensive understanding of accounting principles, business management, financial strategy, and taxation, making it a valuable credential in the finance industry.

In this article, we will discuss the ACCA course details and subjects, helping new and continuing students to gain a better understanding of the program.

Additionally, the ACCA course is divided into two parts – the Fundamental level and the Professional level.

Fundamental Level

The Fundamental level consists of two modules – Knowledge and Skills. The Knowledge module comprises three papers, while the Skills module comprises six papers.

Knowledge Module

1. Accountant in Business (AB): This paper covers the basics of business and management, including organizational structure, business ethics, and governance.
2. Management Accounting (MA): This paper focuses on the techniques used in management accounting, such as costing, budgeting, and forecasting.
3. Financial Accounting (FA): This paper covers the principles of financial accounting, including the preparation of financial statements.

Skills Module

1. Corporate and Business Law (LW): Furthermore, this paper covers the legal framework for businesses, including contracts, employment law, and company law.
2. Performance Management (PM): This paper focuses on performance management techniques, including budgeting, variance analysis, and cost-volume-profit analysis.
3. Taxation (TX): This paper covers the principles of taxation, including income tax, corporation tax, and value-added tax (VAT).
4. Financial Reporting (FR): This paper covers the preparation of financial statements, including the statement of financial position, statement of comprehensive income, and statement of cash flows.
5. Audit and Assurance (AA): Moreover, this paper covers the principles of auditing, including the audit process, audit planning, and risk assessment.
6. Financial Management (FM): This paper focuses on financial management techniques, including investment appraisal, working capital management, and business valuation.

Professional Level

The Professional level consists of two modules – Essentials and Options. The Essentials module comprises three papers, while the Options module comprises four papers.

Essentials Module

1. Strategic Business Leader (SBL): This paper focuses on strategic business leadership, including strategic decision-making, risk management, and corporate governance.
2. Strategic Business Reporting (SBR): This paper covers the preparation and analysis of financial reports, including the interpretation of financial statements.
3. Advanced Financial Management (AFM): This paper covers advanced financial management techniques, including portfolio management, mergers and acquisitions, and risk management.

Options Module

Students must choose two papers from the Options module.

1. Advanced Taxation (ATX): This paper covers advanced taxation topics, including international tax, corporate restructuring, and inheritance tax planning.
2. Advanced Audit and Assurance (AAA): This paper covers advanced audit and assurance topics, including professional ethics, audit quality, and assurance engagements.
3. Advanced Financial Management (AFM): This paper covers advanced financial management techniques, including portfolio management, mergers and acquisitions, and risk management.
4. Advanced Performance Management (APM): This paper covers advanced management accounting techniques, strategic performance measurement, and performance analysis.