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.

Business and Technology (BT – formerly Accountant in Business (AB))

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.

• Unlimited access to the ACCA Applied Knowledge content with access to all other levels. Empowering you to progress when you’re ready, or recap previous levels at no extra cost
• 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 Osborne books – all day, every day for as long as you subscribe.
• Online downloadable integrated Kaplan workbooks
• Application modules to help deepen your understanding of key modules
• Comprehensive selection of tutor-led, bite-sized videos
• Thousands of practice questions and Interactive tasks
• One mock exam, plus access to the ACCA practice tests
• Access to expert tutors, seven days a week responding via email within four working hours
• You’ll be assigned a mentor to help and guide you through the order of subjects to study. You can also contact them wherever you need to throughout your course and get a response within 24 hours Monday to Friday.
• Your subscription includes all the online content you need to succeed, but if you want to supplement your learning with books, Eagle students get 50% off hard copy study materials.

ACCA registration, student membership, and exam fees not included

For full details on Academic and Mentor support opening hours, please visit the contact us page.

If you choose to stop at this level you could become a trainee bookkeeper or an administrator. Alternatively If you want to continue studying, your Eagle subscription gives you unlimited access to all ACCA levels, meaning you can move onto ACCA Applied Skills at no additional cost.