ACCA Complete (P4 and P5 modules)

This ACCA Complete qualification is designed for anyone wanting to develop their core accounting knowledge and skills. If you choose to study this complete course, you'll start off with the ACCA Applied Knowledge modules, once you have successfully completed the exams for those modules, you will progress to the ACCA Applied Skills modules. After successfully completing the Applied Skills exams, you will progress to the ACCA Strategic Professional modules. As part of the ACCA Strategic Professional level, you will need to complete two optional modules. This ACCA Complete course includes the optional modules ACCA AFM P4 Advanced Financial Management and ACCA APM P5 Advanced Performance Management. Read our guide to the ACCA course and modules.

Course Content

ACCA Advanced Financial Management ACCA AFM P4 optional module

Section A Role of senior financial adviser in the multinational organisation

• The role and responsibility of senior financial executive/adviser
• Financial strategy formulation
• Ethical and governance issues
• Management of international trade and finance
• Strategic business and financial planning for multinational organisations
• Dividend policy in multinationals and transfer pricing

Section B Advanced investment appraisal

• Discounted cash flow techniques
• Application of option pricing theory in investment decisions
• Impact of financing on investment decisions and adjusted present values
• Valuation and the use of free cash flows
• International investment and financing decisions

Section C Acquisitions and mergers

• Acquisitions and mergers versus other growth strategies
• Valuation for acquisitions and mergers
• Regulatory framework and processes
• Financing acquisitions and mergers

Section D Corporate reconstruction and reorganisation

• Financial reconstruction
• Business reorganisation

Section E Treasury and advanced risk management

• The role of the treasury function in multinationals
• The use of financial derivatives to hedge against forex risk
• The use of financial derivatives to hedge against interest rate risk

Section F Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

ACCA Advanced Performance Management ACCA APM P5 optional module

Section A Strategic planning and control

• Strategic management accounting
• Performance hierarchy
• Performance management and control of the organisation
• Environmental, social, and governance factors

Section B Impact of risk and uncertainty on organisational performance

• Impact of risk and uncertainty on performance management

Section C Performance management information systems and developments in technology

• Performance management information systems
• Sources of management information
• Recording and processing systems and technologies
• Data analytics
• Management reports

Section D Strategic performance management

• Strategic performance measures in the private sector
• Divisional performance and transfer pricing issues
• Strategic performance measures in not-for-profit organisations
• Non-financial performance indicators
• The role of quality in management information and performance measurement systems
• Performance measurement and strategic human resource management issues
• Other behavioural aspects of performance management

Section E Performance evaluation and corporate failure

• Alternative views of performance measurement and management
• Strategic performance issues in complex business structures
• Predicting and preventing corporate failure

Section F Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using appropriate tools
• Present data and information effectively, using the appropriate tools

ACCA Audit and Assurance Module – ACCA AA F8

Section A Audit framework and regulation

• The concept of audit and other assurance engagements
• External audits
• Corporate governance
• Professional ethics and ACCA's Code of Ethics and Conduct

Section B Planning and risk assessment

• Obtaining, accepting, and continuing audit engagements
• Objective and general principles
• Assessing audit risks
• Understanding the entity, its environment, and the applicable financial reporting framework
• Fraud, laws, and regulation
• Audit planning and documentation

Section C Internal control

• Internal control systems
• The use and evaluation of systems of internal control by auditors
• Tests of controls
• Communication on internal control
• Internal audit and governance and the differences between external audit and internal audit
• The scope of the internal audit function, outsourcing, and internal audit assignments

Section D Audit evidence

• Assertions and audit evidence
• Audit procedures
• Audit sampling and other means of testing
• The audit of specific items
• Automated tools and techniques
• The work of others
• Not-for-profit organisations

Section E Review and reporting

• Subsequent events
• Going concern
• Written representations
• Audit finalisation and the final review
• The Independent Auditor's Report

Section F Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

ACCA Business and Technology – ACCA BT F1

Section A The business organisation, its stakeholders, and the external environment

• The purpose and types of business organisations
• Stakeholders in business organisations
• Political and legal factors affecting business
• Macroeconomic factors
• Micro economic factors
• Social and demographic factors
• Technological factors
• Environmental factors
• Competitive factors

Section B Business organisational structure, functions, and governance

• The formal and informal business organisation
• Business organisational structure and design
• Organisational culture in business
• Committees in business organisations
• Governance and social responsibility in business

Section C Accounting and reporting systems, compliance, control, technology, and security

• The relationship between accounting and other business functions
• Accounting and finance functions within business organisations
• Principles of law and regulation governing accounting and auditing
• The sources and purpose of internal and external financial information provided by business
• Financial systems, procedures, and related IT applications
• Internal controls, authorisation, security of data, and compliance within business
• Fraud and fraudulent behaviour and their prevention in business, including money laundering
• The impact of financial technology (fintech) on accounting systems

Section D Leading and managing individuals and teams

• Leadership, management, and supervision
• Recruitment and selection of employees
• Individual and group behaviour in business organisations
• Team formation, development, and management
• Motivating individuals and groups
• Learning and training at work
• Review and appraisal of individual performance

Section E Personal effectiveness and communication

• Personal effectiveness techniques
• Consequences of ineffectiveness at work
• Competence frameworks and personal development
• Sources of conflicts and techniques for conflict resolution and referral
• Communicating in business

Section F Professional ethics in accounting and business

• Fundamental principles of ethical behaviour
• The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
• Corporate codes of ethics
• Ethical conflicts and dilemmas

ACCA Corporate and Business Law Module – ACCA LW F4

Section A Essential elements of the legal system

• Law and the legal system
• Source of law

Section B The law of obligations

• Formation of contract
• Content of contracts
• Breach of contract and remedies
• The law of torts and professional negligence

Section C Employment law

• Contract of employment
• Dismissal and redundancy

Section D The formation and constitution of business organisations

• Agency law
• Partnerships
• Corporations and legal personality
• The formation and constitution of a company

Section E Capital and the financing of companies

• Share capital
• Loan capital
• Capital maintenance and dividend law

Section F Management, administration, and the regulation of companies

• Company directors
• Other company officers
• Company meetings and resolutions

Section G Insolvency law

• Insolvency and administration

Section H Corporate fraudulent and criminal behaviour

• Fraudulent and criminal behaviour

ACCA Financial Accounting Module – ACCA FA F3

Section A The context and purpose of financial reporting

• The scope and purpose of financial statements for external reporting
• Users' and stakeholders' needs
• The main elements of financial reports
• The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
• Duties and responsibilities of those charged with governance

Section B The qualitative characteristics of financial information

• The qualitative characteristics of financial information

Section C The use of double-entry and accounting systems

• Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
• Ledger accounts, books of prime entry, and journals

Section D Recording transactions and events

• Sales and purchases
• Cash
• Inventory
• Tangible non-current assets
• Depreciation
• Intangible non-current assets and amortisation
• Accruals and prepayments
• Receivables and payables
• Provisions and contingencies
• Capital structure and finance costs

Section E` Preparing a trial balance

• Trial balance
• Correction of errors
• Control of accounts and reconciliations
• Bank reconciliations
• Suspense accounts

Section F Preparing basic financial statements

• Statements for financial position
• Statements of profit or loss and other comprehensive income
• Disclosure notes
• Events after the reporting period
• Statement of cash flows
• Incomplete records

Section G Preparing simple consolidated financial statements

• Subsidiaries
• Associates

Section H Interpretation of financial statements

• Importance and purpose of analysis of financial statements
• Ratios
• Analysis of financial statements

ACCA Financial Management Module – ACCA FM F9

Section A Financial management function

• The nature and purpose of financial management
• Financial objectives and relationship with corporate strategy
• Stakeholders and impact on corporate objectives
• Financial and other objectives in not-for-profit organisations

Section B Financial management environment

• The economic environment for business
• The nature and role of financial markets
• The nature and role of money markets

Section C Working capital management

• The nature, elements, and importance of working capital
• Management of inventories, accounts receivable, accounts payable, and cash
• Determining working capital needs and funding strategies

Section D Investment appraisal

• Investment appraisal techniques
• Allowing for inflation and taxation in DCF
• Adjusting for risk and uncertainty in investment appraisal
• Specific investment decisions (lease or buy, asset replacement, capital rationing)

Section E Business finance

• Sources of, and raising, business finance
• Estimating the cost of capital
• Sources of finance and their relative costs
• Capital structure theories and practical considerations
• Finance for small- and medium-sized entities (SMEs)

Section F Business valuations

• Nature and purpose of the valuation of business and financial assets
• Models for the valuation of shares
• The valuation of debt and other financial assets
• Efficient market hypothesis (EMH) and practical considerations in the valuation of s