ACCA F1 - Accountant in Business

Introduction

Studying for the F1 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a F1 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge. 

The ACCA F1 syllabus

 A good page to start on if you are unclear where to begin would be the overview Business Management page and then explore further using the menu on the RHS.

Other useful starting points for exploration are linked to syllabus areas below. Be aware that in many areas the content here goes beyond F1, so gives you an excellent opportunity to read around the topics.

The syllabus for F1 is split into 6 main areas:

A The business organisation, its stakeholders and the external environment

As well as the overview Business Management page, you could also explore stakeholders and Strategic Analysis.

B Business organisational structure, functions and governance

Start with the page on Organisations  before looking at Governance.

C Accounting and reporting systems, controls and compliance

Look at the page on Accounting  and those on Controlling the Financial Reporting System and the one on Audit and Assurance. For each of these, explore spme of the topics linked to them.

D Leading and managing individuals and teams

Start with the main page on Staff Behaviour before exploring each of the related pages.

E Personal effectiveness and communication

Content on these topics will be added at some stage in the future. Visit this page again for updates.

F Professional ethics in accounting and business

Start with the page on Ethics . Note that some of the content linked to this page goes well beyond that needed for F1, even into P1 territory.

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