WHAT IS THE ACCA KNOWLEDGE LEVEL? A GUIDE FOR ASPIRING ACCOUNTANTS

What Is the ACCA Knowledge Level? A Guide for Aspiring Accountants

What Is the ACCA Knowledge Level? A Guide for Aspiring Accountants

Blog Article

Understanding the ACCA Knowledge Level


ACCA classes In pune 

ACCA Classes 
ACCA Knowledge Level

The ACCA Knowledge Level is for new ACCA students. These subjects include those fundamental concepts of accounting, financial management, and business operations. This is suitable for a beginner with little or no prior knowledge of accounting, leading to a solid grounding for more advanced studies.

Students who pass the Knowledge Level can progress to the Applied Skills Level or use this certification to obtain junior jobs in finance and accounting.

Subjects in the ACCA Knowledge Level


ACCA Knowledge Level These include three papers of core areas` of business and finance:

  1. Business and Technology (BT)

  2. Management Accounting (MA)

  3. Financial Accounting (FA)


Let’s examine each topic in more detail:

1. Business and Technology (BT)


This paper is the study of the business environment, the organizational structure of businesses and the use of technology in business decision-making. This aids students in understanding how businesses function, the power of stakeholders and the influence of external forces.

Key Topics Covered:

  • Organizations and structure of business

  • Governance, and ethics in business

  • Understanding the role of finance and accounting in business decision-making

  • Core business functions (i.e., marketing, operations, human resources)

  • External factors (economic, legal, political, social, technological influences)

  • Modern business and the technology behind its success


2. Management Accounting (MA)


Management Accounting (MA) paper — this deals with the use of accounting data for internal decision-making. It also prepares students with cost accounting methods, budgeting techniques, and performance evaluation tools.

Key Topics Covered:

  • Cost Behaviour and Cost Classification

  • Fat break-even analysis and decision-making techniques

  • Budgeting and comparing planned vs actual performance.

  • Standard costing & performance measurement

  • Working capital management

  • Management accounting in planning and control


3. Financial Accounting (FA)


The Financial Accounting (FA) paper introduces you to the principles of financial reporting including accounting concepts, the preparation of financial statements, and accounting standards.

ACCA Knowledge Level
Key Topics Covered:

  • The financial reporting framework and rules

  • Revolutionizing Business Destruction and Reinvention: Double-entry bookkeeping principles

  • Financial statement (P&L, balance sheet, cash flow statement) preparation

  • Making a record of assets, liabilities, incomes and expenses

  • International Financial Reporting Standards (IFRS)


Get More Details Face to Face ACCA Classes in Pune & ACCA Online Classes



ACCA Knowledge Level Exam Pattern


All the ACCA Knowledge Level exams are CBE based and can be attempted on-demand, offering flexibility to students.

Exam Format:



  • Each exam is two hours long.

  • Multiple-Choice Questions (MCQs) and Objective Test Questions

  • Each exam must achieve a score of 50% or higher to be passed.


Control Of When to Take the Exam


However, unlike other levels of the ACCA qualification that have a specified exam sitting, students can sit Knowledge Level exams anytime a year. Students have the ability to complete their exams according to their own schedule and study at their own pace.

Report this page