ACCA Fundamentals – Applied Knowledge
Work towards your ACCA qualification and membership with this ACCA Fundamentals Applied Knowledge package.
- Start working towards a prestigious qualification that is respected globally thanks to their reputation for excellence with this ACCA Fundamentals Applied Knowledge qualification which consists of three modules.
- Stand out to potential employers and demonstrate your technical skills, strategic thinking, and commitment to your career.
- Take advantage of the ACCA's dedicated 24-hour support service if you have any questions or need advice during your studies.
This ACCA Fundamentals Applied Knowledge qualification has been designed to introduce you to finance and accounting and help you to understand essential accounting techniques.
To achieve the full ACCA membership qualification you will need to complete the exams for modules included in this course, the ACCA Fundamentals Applied Skills modules, and the Strategic Professional modules, as well as three years’ work experience and an ethics module. This course is made up of the following three modules which you can also study on their own:
Read our guide to the ACCA course and modules.
Varies depending on enrolment date.
Once you have successfully completed your exams and the Ethics and Professional Skills module, you will receive an ACCA Diploma in Accounting and Business (RQF Level 4).
Three GCSEs and two A Levels - see Q&As section for more information.
A mixture of progress tests and mock exams to prepare you for your exams. You will need to sit the ACCA exams at the end of this course to pass and continue working towards your qualification.
- The purpose and types of business organisations
- Stakeholders in business organisations
- Political and legal factors affecting business
- Macroeconomic factors
- Micro economic factors
- Social and demographic factors
- Technological factors
- Environmental factors
- Competitive factors
- The formal and informal business organisation
- Business organisational structure and design
- Organisational culture in business
- Committees in business organisations
- Governance and social responsibility in business
- The relationship between accounting and other business functions
- Accounting and finance functions within business organisations
- Principles of law and regulation governing accounting and auditing
- The sources and purpose of internal and external financial information provided by business
- Financial systems, procedures, and related IT applications
- Internal controls, authorisation, security of data, and compliance within business
- Fraud and fraudulent behaviour and their prevention in business, including money laundering
- The impact of financial technology (fintech) on accounting systems
- Leadership, management, and supervision
- Recruitment and selection of employees
- Individual and group behaviour in business organisations
- Team formation, development, and management
- Motivating individuals and groups
- Learning and training at work
- Review and appraisal of individual performance
- Personal effectiveness techniques
- Consequences of ineffectiveness at work
- Competence frameworks and personal development
- Sources of conflicts and techniques for conflict resolution and referral
- Communicating in business
- Fundamental principles of ethical behaviour
- The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
- Corporate codes of ethics
- Ethical conflicts and dilemmas
- The scope and purpose of financial statements for external reporting
- Users' and stakeholders' needs
- The main elements of financial reports
- The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
- Duties and responsibilities of those charged with governance
- The qualitative characteristics of financial information
- Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
- Ledger accounts, books of prime entry, and journals
- Sales and purchases
- Tangible non-current assets
- Intangible non-current assets and amortisation
- Accruals and prepayments
- Receivables and payables
- Provisions and contingencies
- Capital structure and finance costs
- Trial balance
- Correction of errors
- Control of accounts and reconciliations
- Bank reconciliations
- Suspense accounts
- Statements for financial position
- Statements of profit or loss and other comprehensive income
- Disclosure notes
- Events after the reporting period
- Statement of cash flows
- Incomplete records
- Importance and purpose of analysis of financial statements
- Analysis of financial statements
- Accounting for management
- Sources of data
- Cost classification
- Presenting information
- Sampling methods
- Forecasting techniques
- Summarising and analysing data
- Accounting for materials, labour, and overheads
- Absorption and marginal costing
- Cost accounting methods
- Alternative cost accounting principles
- Nature and purpose of budgeting
- Budget preparation
- Flexible budgets
- Capital budgeting and discounted cash flow
- Budgetary control and reporting
- Behavioural aspects of budgeting
- Standard costing system
- Variance calculations and analysis
- Reconciliation of budget and actual profit
- Performance management - overview
- Performance management - application
- Cost reductions and value enhancement
- Monitoring performance and reporting
During this course, you will complete a number of progress tests and mock exams in preparation for your exam. You will need to sit an exam at the end of this module in order to achieve a pass.
Exams are not included in the cost of this course. You will need to book and pay for your exams directly with ACCA.
Course duration varies depending on when you enrol and start the course.
This course is offered on a distance learning basis, meaning you will have access to your required study materials. You will also have unlimited support from your personal tutor via email. Studying via distance learning means you can fit your studies around your commitments and progress at your own pace.
On successful completion of your exams and the Ethics and Professional Skills module, you will receive an ACCA Diploma in Accounting and Business (RQF Level 4) qualification. This will count towards your overall ACCA membership and qualification.
ACCA (Association of Chartered Certified Accountants) are a global body for professional accountants based on international accounting standards. It is currently the world’s largest accountancy body, with nearly 700,000 members and students in 180 countries.
With a network of 83 offices and active centres around the world, the ACCA also have 57 global accountancy partnerships. Within Europe, they are a recognised supervisory body for the purposes of licensing auditors and finance professionals in the European Union.
The skills developed during this course will enable you to apply for the following roles:
- Assistant accountant
- Senior bookkeeper
- Accounts assistant
- Audit trainee
- Credit controller
- Finance assistant
- Finance officer
- Payroll supervisor
- Tax assistant
Take a read of our ‘How to Become an Accountant‘ career guide.
You will need three GCSEs (grades 1-6/A-C) and two A Levels (grades A-E) in five separate subjects, including maths and English.
Equivalent qualifications may be accepted. Further information on these can be found on the ACCA website.
Proof of your qualifications need to be provided when registering with ACCA as a student.
To achieve the full ACCA qualification, you will need to complete a total of 36 months of work experience in a relevant accounting or finance role. This work will need to be supervised and signed off by a practical experience supervisor.
You can start your work experience at any time and can continue gaining experience after completion of your exams.
There may be exemptions depending on what qualifications you already have. To find out if you are eligible to claim for an exemption, use the ACCA exemptions calculator.
Students will be required to pay a fee for each exam exemption, these can only be awarded by ACCA directly.
Registration fees and exams are not included in the cost of this course. You will need to book and pay for these directly with ACCA.
It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.
That's not a problem. We want to make sure you're 100% confident about enrolling on the course and starting your study. So, just give our team of education specialists a call on 03300 563 100 and they'll do their best to help.