How to study for newbies in ACCA party

How do novices learn ACCA? Zhongbo has prepared study skills for various subjects:

F1: Accountant in Business (AB)

Study plan

The content of this F1 course is very complicated. It involves the following three main disciplines: organizational behavior, human resource management, accounting and auditing.

The content of organizational behavior in F1 includes: organizational structure, individuals, groups, team management, organizational culture, management principles and leadership theory, motivation theory, and communication principles, etc., and the content of human resource management includes : Recruitment and selection, fair job opportunities and diverse employee management, employee training and development, performance appraisal, and work health and safety, etc. Accounting and auditing aspects include: accounting functions, internal and external audits, internal controls, corporate governance, and Fraud etc.

In addition to these three main subjects, F1 also involves economics, marketing, strategic management, professional ethics, information management and time management. Although the content of F1 is all-inclusive, according to the syllabus it only belongs to the Fundamental Level, so it is just basic understanding and does not require application.

F1 requires students to read through the textbooks and teacher's handouts when studying, and they should do a lot of reading, paying attention to breadth, focusing on understanding, and not being obsessed with certain aspects of knowledge. You must not guess questions when studying F1, and you must not leave any omissions or gaps when reviewing.

F2: Management Accounting (MA)

Learning Plan

F2 mainly introduces students to the system of cost accounting and management accounting, and how management accounting plays a role in supporting enterprises. The role of planning, decision-making, and control. Mainly including: knowledge points related to the origin of management accounting, cost classification, cost accounting methods, budget control, variance analysis, and performance evaluation.

F3: Financial Accounting (FA)

Learning Plan

F3 Financial Accountant ACCA is a very important series, mainly including the basic framework of financial accounting and how to use it The double-entry accounting method records various transactions that occur in the enterprise, the preparation of trial balance sheets, the basic contents of consolidated statements (this knowledge point will be studied in depth in the subsequent F7 and P2 courses), and how to analyze financial statements. , to further explore the stories behind the report numbers. As a basic course in financial accounting, students are required to lay a solid foundation and lay a solid foundation for staged learning.

F4:Corporate and Business Law (CL)

Study plan

As the only legal subject in the entire ACCA course, the F4 course is The system is relatively independent, but it is still related to subsequent courses. It helps students establish the learning foundation of F7 (financial reporting), F8 (auditing and assurance) and P2 (company reporting). The course syllabus mainly includes: British legal sources and legal system, contract law, tort law, labor law, company law, bankruptcy law, etc.

F5: Performance Management (PM)

Study plan

F5 "Performance Management" is the follow-up course to F2 "Management Accounting". It also helps candidates to establish Learn the basics of P5 "Advanced Performance Management".

The course syllabus includes: the basic framework of management accounting; decision-making issues - how to deal with resource shortages, how to price, make vs. buy, and linking these to performance evaluation; different approaches to budgeting and Comparison; standard cost and variance analysis, all variance calculations involved in F2 are the basis for learning F5 and must be mastered. In addition, two new categories have been added: mixed differences and income differences and planned differences and operating differences; performance evaluation and control to make a correct evaluation of the importance of financial and non-financial performance evaluation in management.

Accountants should also identify difficulties in evaluating the performance of divisional companies and problems resulting from a failure to consider the impact of the external environment on performance. These contents relate directly to P5 (Advanced Performance Management).

F6: Taxation (TX)

Learning Outline

Study Plan

The F6 course is the only taxation subject in the basic stage of ACCA , is relatively independent in the entire ACCA curriculum system, and the only subjects directly related to it are P6 (Advanced Taxation) at the professional level.

The course syllabus includes: British tax system; calculation and management of various taxes, including individual income tax, corporate income tax, capital gains tax, national insurance tax, value-added tax, inheritance tax; in addition to mastering basic tax laws At the core, students should also be able to calculate the basis and apply tax avoidance planning techniques for individual and corporate tax avoidance.

F7: Financial Reporting

Learning Plan

F7 introduces the theoretical framework and formulation process of accounting standards in more detail based on F3, including future standards trends The introduction requires candidates to focus on the following knowledge points:

1. Analyze and apply financial reporting concepts and theoretical frameworks

2. Understand and analyze the formulation of accounting standards

3. Prepare and adjust financial statements according to relevant IAS and IFRS

4. Consolidate the statements of group companies according to relevant IAS and IFRS

5. Calculate based on financial statement information Comprehensive analysis of corresponding indicators.

F8: Audit and Assurance (AA)

Study plan

The F8 course is the only course about auditing in the ACCA basic course stage. It is introduced in detail It covers the entire audit process of financial statements. The course directly related to F8 is the elective course P7 (Advanced Auditing and Assurance) at the professional level. At the same time, F8 is also indirectly related to part of the content of F4, F7 and P1 courses.

The outline content mainly includes: 1. Introduction to the characteristics, purpose and scope of assurance services, including statutory audit, regulatory environment and professional ethics related to auditing and non-assurance; 2. Introduction to internal auditing, including internal auditing The scope and the difference between internal audit and external audit; 3. Most of the content is about how to audit financial statements. These include planning, risk assessment, evaluation of internal controls, collection of audit evidence and review of financial statements; 4. Processing of reports, including statutory audit reports, management reports and internal audit reports.

F9: Financial Management (FM)

Study plan

The F9 course is the follow-up course to F2 under the ACCA management accounting system. It introduces the three major Financial management decisions include investment decisions, financing decisions and some risk management content. The follow-up course to F9 is P4 (Advanced Financial Management) in the vocational module.

The outline mainly includes: 1. Introduction to the role and purpose of the enterprise's financial management department; 2. Introduction to investment decision-making, one of the three major financial management decisions, including two steps - the use and investment of working capital and long-term Evaluation of investments; 3. Introduce financing decisions, one of the three major financial management decisions, and examine many sources of financing, including dividend policy and own financing, as well as capital costs and other factors that affect decisions; 4. Introduce risks and the methods of managing risks Main methods. The high-level course of F9 is P4 (Advanced Financial Management), and studying F9 will lay a solid foundation for subsequent P4 study.

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