F1 Accountant in Business (AB)
Business organization structure, Governance of management, Key
environmental influences & constraints, Specific functions of accounting
and internal financial control, Leading and managing individual teams,
Recruiting and developing effective employees.
F2 Management Accounting (MA)
Accounting for management, Cost classification, Types of cost, Cost
accounting techniques, Absorption and marginal costing, Short term
decision making, Budgeting and standard costing.
F3 Financial Accounting (FA)
Context and purpose of Financial Reporting, Qualitative characteristics
of Financial Information and the Fundamental Bases of Accounting, Use of
Double Entry and Accounting Systems, Recording Transactions and Events,
Preparing a Trail, Preparing Basic Financial Statements.
F4 Corporate and Business Law (CL)
Essential Elements of the Legal System, Law of Obligations, Employment
Law, Formation and Constitution of Business organizations, Capital and
the Financing of Companies, Management, Administration and Regulation of
Companies, Legal Implications Relating to Companies in Difficulty or in
Crisis, Governance and the Ethical Issues Relating to Business.
F5 Performance Management (PM)
Specialist Cost and Management Accounting Techniques, Decision making
Technique, Budgeting, Standard Costing and Variance Analysis,
Performance Measurement and Control
F6 Taxation (TX)
The UK Tax System, Income Tax liabilities, Chargeable Gains, Corporation
Tax Liabilities, National Insurance Contributions, Value Added Tax, The
obligation of Tax payers and/or their agents
F7 Financial Reporting (FR)
Conceptual Framework for Financial Reporting, Regulatory Framework for
Financial Reporting, Financial Statements, Business Combinations,
Analysis and Interpreting Financial Statements
F8 Audit and Assurance (AA)
Audit Framework and Regulation, Internal Audit, Planning and Risk
Assessment, Internal Control, Audit Evidence, Review, Reporting
F9 Financial Management (FM)
Financial Management Function, Financial Management Environment, Working
Capital Management, Investment appraisal, Business Finance, Cost of
Capital, Business Valuation, Risk Management
F1 Accountant in Business (AB)
Business organization structure, Governance of management, Key
environmental influences& constraints, Specific functions of