ACCA Applied Knowledge

If you’re AAT qualified, you’re exempt from this level and can start ACCA Applied Skills straight away.

If you’ve graduated with a degree accredited by ACCA, you may be eligible for exemptions from both Applied Knowledge and Applied Skills.

You can check whether you’re eligible and should apply for any exemptions on the ACCA website launch before you start applying.

By the end of ACCA Applied Knowledge you’ll have learnt about basic business and management principles and the skills required of an accountant. Hopefully it will inspire you to keep going in an accounting career.

Accountant in Business (AB – formerly F1)

This subject will introduce you to basic business principles and how the different systems within business interact with each other.

Management Accounting (MA – formerly F2)

You’ll learn accountancy techniques to support management in planning, controlling and monitoring performance in a range of business contexts.

Financial Accounting (FA – formerly F3)

You’ll learn the underlying concepts relating to financial accounting, and techniques such as double entry accounting and the preparation of basic financial statements.

These exams are all 2-hour Computer Based Exams (CBEs) and you will need 50% or more to pass.

Getting your results

Upon completion of the exam, your provisional result is displayed on the screen. Your result will be transferred to your myACCA records within 72 hours.

Grading

To pass your exams you will need to achieve 50% or more.

Resits

If you are unlucky in your first attempt, the ACCA has specific resources aimed at directing students on where to focus their studies to get back on track in the study resources section, and you can book your exam with MyACCA as soon as you are ready to give it another go.

ACCA approved venues

You can book your exams via MyACCA and see the full list of approved venues launch.

• We’re always on hand when you need us
• You’re fully supported with access to expert tutors, 7 days a week responding via email within 4 working hours
• You’ll also be assigned a mentor to help and guide you through the order of subjects to study in and check that the level you’re starting at is right for you. You can also contact them wherever you need to throughout your course and get a response within 24 hours Monday to Friday
• For full details on Academic and Mentor support opening hours, please visit the contact us page.

Partnering with the best, you’ll always have access to market-leading interactive online content powered by Kaplan and ACCA-approved material from Kaplan Publishing hosted by Osbourne books – all-day, every day for as long as you subscribe. Eagle students get 50% off hard copy study materials.

If you choose to stop at this level you could become a trainee bookkeeper or an administrator.

Alternatively you could continue your studies with the Applied Skills level.