The Applied Skills Level builds on existing knowledge and understanding and at this level you will develop and should be able to exhibit the strong, broad and practical skills that are part of the strategic finance professional’s toolkit – including taxation, financial reporting and audit.
There are six subjects and exams at this level. Completion of the Applied Skills exams, plus the Ethics and Professional Skills module, leads to the award of an Advanced Diploma in Accounting and Business. The Advanced Diploma in Accounting and Business is benchmarked at a UK Bachelor’s university degree.
The Advanced Diploma in Accounting and Business combines all the Applied Knowledge and Applied Skills exams of the ACCA Qualification, plus the Ethics and Professional Skills module. Achieving this qualification opens up opportunities across a variety of sectors as you will become a part-qualified accountant.
You will develop a deep understanding of the tax system within your jurisdiction, the obligations for tax-payers and the implications of noncompliance. You’ll learn how to explain and calculate tax liabilities for individuals, companies and groups of companies. Should your national jurisdiction not be covered, we recommend students select the UK variant.
You will develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decisionmaking, performance evaluation and control.
You will develop knowledge and understanding of the process involved in carrying out the assurance engagement and its application in the context of the professional regulatory framework.
You will develop an understanding of the general legal framework operating both in your jurisdiction and internationally and how this applies to the regulation and operation of business entities and finance. You will also develop an understanding of corporate fraudulent and criminal behaviour.
You will develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements.
You will develop the knowledge and skills expected of a finance manager, in relation to investment, financing and dividend policy decisions.
In order to achieve the Advanced Diploma in Accounting and Business, you’ll need to take at least two of the Applied Skills exams in addition to the Ethics and Professional Skills module
You can also gain a BSc (Hons) degree in Applied Accounting at the same time as studying for the Applied Skills exams through ACCA’s partnership with Oxford Brookes University. Students are automatically opted into the degree when they register. For more information on the BSc degree scheme visit this link:
Ethics and Professional Skills Module
The Ethics and Professional skills Module prepare you for the Strategic Professional exams as well as providing you with the skills needed to become a trusted finance professional in today’s digital world.
This interactive module puts you in the role of an accountant in range of practical real-world scenarios. You’ll work through 10 units, developing the critical workplace skills, such as problem-solving, communication and negotiation, that employers are looking for and on which you can build a career.
ACCA Exemptions
To start your ACCA qualification at this level, you will need to have completed the ACCA Applied Knowledge level or have a recognised and relevant finance or accounting qualification which can get you exemptions up to this level. You can claim for exemptions and students can check if they are eligible for any exemptions from ACCA exams by visiting the exemptions pages:
