The Fundamentals level is divided into two modules Applied Knowledge and Applied Skills. The Applied Knowledge module introduces you to the main areas of financial and management accounting.
Applied Knowledge |
Exam code |
Accountant in Business |
AB |
Management Accounting |
MA |
Financial Accounting |
FA |
Applied Skills |
|
Corporate and Business Law |
LW |
Performance Management |
PM |
Taxation |
TX |
Financial Reporting |
FR |
Audit Assurance |
AA |
Financial Management |
FM |
There are no entry requirements for the ACCA fundamental level subjects. A good understanding of English and mathematics is advised.
Students who are new to accounting are advised to start with the FIA (Foundations in Accountancy) as students are more likely to pass the fundamental level with a good foundation formed from completing the FIA suite of qualifications.