ACCA Applied Knowledge Level

This level or part qualification is an exceptional introduction to the world of finance and accounting. It has three subject areas and exams namely:

  • Business and Technology (BT)
  • Financial Accounting (FA)
  • Management Accounting (MA)

Business and Technology

Business and Technology teaches you how businesses operate effectively, efficiently and ethically and will show the critical role finance professionals play in achieving this.

You will understand business in the context of its environment, including economic, legal and regulatory influences on aspects like governance, employment, health and safety, data protection and security.

Financial Accounting

You will learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements including:

  • Double-entry and accounting systems
  • The context and purpose of financial reporting
  • Preparing a trial balance
  • Simple consolidated financial statements
  • Interpreting financial statements

Management Accounting

You will learn the management accounting techniques to help support businesses plan, control and monitor performance including:

  • How organisations finance their operations
  • How to plan and control cash flows
  • How to make the best use of working capital
  • The principles of making capital investment decisions.


All exams at this level are computer based and are offered on an ‘on demand basis’ – this means you can book and sit for your exam whenever you feel you are ready.

At this level you will gain and should be able to exhibit a broad understanding of essential accounting techniques such as effective business operations, management accounting and financial accounting. Completion of all these Applied Knowledge exams together with the Foundations in Professionalism ethics module, will lead students to receiving an ACCA Diploma in Accounting and Business. With this qualification you will be ready to apply for roles such as:

Trainee bookkeeper;

Administrator; Trainee accountant; etc

ACCA Applied Knowledge Level Registration

In South Africa the minimum registration requirements for the ACCA Applied Knowledge Level are any of the following:

Senior Certificate – issued by the Matriculation Board where the following conditions are fulfilled.

  • Completion of 6 subjects
  • 5 subjects passed in one sitting
  • 3 subjects passed at Higher grade (grades A-E)
  • 2 passes in a language (one at Higher Grade)
  • Passes in English and Maths.

National Senior Certificate – issued by the Matriculation Board where the following conditions were fulfilled:

  • Students must take 6 subjects
  • 2 subjects must be languages
  • 1 subject must be Mathematics or Mathematical Literacy
  • 1 subject must be Life Orientation
  • 1 subject must be English
  • Students must achieve a grade 3 (40% ) or higher

Damelin Diploma (any subject)

Matriculation to University (Bachelor or Masters).

Please remember to view the exemption enquiry database to find out if your part complete degree attracts exemptions.

ACCA Exemptions

If you have a recognised and relevant finance or accounting qualification, you may not have to take all of the ACCA Applied Knowledge Level exams.  You can claim for exemptions and students can check if they are eligible for any exemptions at Applied Knowledge Level by visiting this page


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