The Association of Chartered Certified Accountants [ACCA] is an international body that offers accountants one of the most prestigious certifications out there.
Now, the ACCA syllabus and papers are broadly classified into the fundamental and strategic professional levels.
But the two papers in concern that we are here to talk about are the F2 or management accounting [MA] and F3 or financial accounting [AF].
To begin with, we would like you to be aware that both these papers fall under the knowledge section of the fundamental level, classified under the ACCA examination structure.
Read on to find out how you can better grasp the F2 and F3 paper syllabus to get that perfect score in the upcoming ACCA exams!
What does that F2 ACCA paper require you to study?
This section of the ACCA qualification is designed to progressively instill the knowledge that can help you demonstrate a range of accountancy skills in front of potential employers.
Throughout the curriculum of the F2 ACCA preparatory course, you will be trained to think beyond the subject area and become an expert at assessing accounting applications in a business context.
The knowledge gained through a management accounting syllabus will help you enhance the recognition of your ACCA qualification on both national and international business frameworks, allowing you to make partners globally.
A good score in the F2 section of the ACCA qualification will let you gain acceptance and value from regulatory and government authorities, as well as from business owners across all sectors.
This is the foundation level of the examination that includes 100% compulsory questions to be answered, encouraging candidates to study across the breadth of the management accounting syllabus.
The specialist techniques, knowledge, principles, concepts, and theories that you will learn in the F2 section will make you proficient at determining the exact regulation and legislations that are connected with relevant questions.
Finally, the overall aim of the syllabus is to develop your understanding of management accounting techniques to support the concerned division in monitoring, planning, and controlling performance in line with the business objectives.
What does the F3 section of the ACCA examination teach you?
Qualifying the foundations in accountancy suit with good marks is the appropriate way of taking the ACCA result outcome to greater heights.
The paper includes a consolidated question section that is divided into a small section of interpretation and accounts reparation section, which can be answered based on the basic level of a sole trader or a limited company skills.
You must first try to hone double-entry accounting techniques, including basic financial statements preparation, to develop a solid grounding of the underlying concepts and principles related to financial accounting.
The course syllabus of the F3 paper includes the fundamentals of the regulatory framework, based on accounts preparation and its qualitative characteristics.
Apply to a programme today to learn how to draft financial statements and prepare principles of accounts, by leveraging in-depth processing, recording, and reporting business events and transactions.
This article was written by Deblina Dam.