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ACCA Knowledge Module

This module, which includes papers F1 to F3, is the starting point on your way to achieving your ACCA qualification. Once you've passed all 3 papers, you can continue on to the ACCA Skills module.

F1ABAccountant in Business

This paper has been designed to provide an insight into the role of an accountant, to challenge students' understanding of the global business environment, and to examine how that environment impacts on the way in which accountants function. It also explores a variety of other business roles, and how they all have an impact on whether a business is run effectively and ethically. Additionally, this study module helps to develop a solid comprehension of the fundamental factors that make for effective management of an organisation.

The most significant elements of this paper are as follows:

ABusiness organisation structure, governance and management
BKey environmental influences and constraints on business and accounting
CHistory and role of accounting in business
DSpecific functions of accounting and internal financial control
ELeading and managing individuals and teams
FRecruiting and developing effective employees
F2MAManagement Accounting

This module will teach students how to prepare and process basic costing and quantitative data, in support of managerial plans in various business functions.

The most significant elements of this paper are as follows:

AThe nature and purpose of cost and management accounting
BCost classification, behaviour and purpose
CBusiness Mathematics and computer spreadsheets
DCost accounting techniques
EBudgeting and standard costing
FShort-term decision-making techniques
F3FAFinancial Accounting

This paper delivers a clear understanding of the fundamental principles, concepts and regulations that surround financial accounting, as well as teaching students how to prepare rudimentary financial statements.

The most significant elements of this paper are as follows:

AContext and purpose of Financial Reporting
BQualitative Characteristics of Financial Information & Fundamental Bases of Accounting
CUse of Double-Entry and Accounting Systems
DRecording Transactions and Events
EPreparing a Trial Balance
FPreparing Basic Financial Statements

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Important Information, Terms & Conditions

† UK Campuses only
§To complete the MBA/MA course students must pass 14 ACCA papers (i.e.: F1–P5). Students may be admitted onto the MBA/MA course prior to passing their final three ACCA Papers. SUBSEQUENT TO COMMENCING THE MBA/MA COURSE, SHOULD A STUDENT DISCOVER THAT SHE HAS FAILED ANY ACCA PAPERS, SHE WILL NOT BE ENTITLED TO A REFUND OF ANY AMOUNT PAID. FOR THE AVOIDANCE OF DOUBT, FAILURE OF ANY ACCA PAPERS WILL NOT ENTITLE THE STUDENT TO A REFUND OF ANY AMOUNT. The awarding body for the MBA/MA course will be one of LSBF's partner universities; however, awarding bodies are subject to change from time to time. The School's obligations shall be discharged by providing tuition leading to a recognised MBA/MA award by a recognised awarding body. The School reserves the right to change the awarding body, and will notify the student as soon as reasonably practicable. In light of this, the student agrees that they shall have no claim based on changes to the awarding bodies. The Oracle Capital Group sponsorship programme for the masters' course fees covers the tuition fees only and does not include incidentals such as textbooks and exam entry/assessment fees (£158 per module), dissertation mentoring fees (£250), dissertation submission fees (£250) and final academic board presentation fees (£150), and fees for exemptions and deferrals. Students are responsible for payment of such fees which are mandatory for enrolment and progression on the masters' course.

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