ACCA Applied Knowledge study guide
Every chapter of all four papers, broken into 517 topics. Each topic shows the concept, a step-by-step way to solve questions, the quickest method for the exam, the mistakes students make and worked examples.
Paper BT: Business and Technology
Objective, MCQ · 36 chaptersGovernance in business organisations
- Corporate Governance: Meaning and Principles
- Stakeholders and Their Influence on Governance
- Board Structure, Directors and Committees
- Agency Relationship and the Agency Problem
- Governance Codes: Rules-Based vs Principles-Based Approaches
- Corporate Social Responsibility and Business Ethics
- Sustainability and Environmental Reporting
Accounting and finance functions within business organisations
- Role of the Accounting and Finance Function
- Financial Accounting vs Management Accounting
- Financial Control, Treasury and Cash Management
- Financial Reporting, Bookkeeping and Payroll Functions
- Internal and External Audit and Finance Function Controls
- Sources of Finance and Financial Management Objectives
Financial systems and technology
- Accounting and Finance Function in Organisations
- Accounting Information Systems and Transaction Cycles
- Management Information Systems and Decision Support
- Data, Information and Big Data Analytics
- Cloud Computing, AI and Emerging Technology
- Cyber Security and Data Protection
- Systems Development and Implementation
Internal controls
- Internal Control Systems and Their Purpose
- Types of Control: Preventive, Detective and Corrective
- Control Activities: Segregation of Duties, Authorisation and Physical Controls
- Information Systems and IT Controls
- Internal Audit Function
- Fraud, Fraud Prevention and Detection
- Monitoring and Review of Controls and Reporting
Paper MA: Management Accounting
Objective, MCQ · 25 chaptersAccounting for management
- Data, Information and Knowledge
- Sources of Management Information
- Purpose of Management Information: Planning, Control, Decision-Making
- Management Accounting vs Financial Accounting
- Cost Accounting, Financial Accounting and Management Accounting Roles
- Cost Classification Basics and Management Information Types
Accounting for material, labour and overheads
- Accounting for Materials: Inventory Valuation (FIFO, LIFO, AVCO)
- Inventory Control and Economic Order Quantity (EOQ)
- Accounting for Labour Cost and Remuneration Methods
- Labour Turnover and Labour Efficiency Measures
- Overheads: Allocation, Apportionment and Absorption
- Over- and Under-Absorption of Overheads
- Marginal vs Absorption Costing Profit Reconciliation
Paper FA: Financial Accounting
Objective, MCQ · 35 chaptersKey principles and concepts of accounting
- Purpose and Users of Financial Statements
- Fundamental Accounting Concepts and Assumptions
- Qualitative Characteristics of Useful Information
- Elements of Financial Statements and Recognition
- Accounting Measurement Bases and Capital Maintenance
- Regulatory Framework and Accounting Standards Overview
- Audit, Governance and Ethical Principles
Statement of profit or loss and other comprehensive income
- Format of the Statement of Profit or Loss and OCI
- Other Comprehensive Income and Total Comprehensive Income
- Cost of Sales, Inventory Adjustments and Other Expenses
- Depreciation, Disposals and Irrecoverable Debts in Profit or Loss
- Income Tax, Finance Costs and Dividends in the Statement
- Statement of Changes in Equity