IBTC

Fundamentals level

Subjects

There are 9 papers in total that you need to complete at the Fundamentals level (you may be eligible for some exemptions based on past qualifications):

 

KNOWLEDGE MODULES (all papers)

• F1 – Accountant in Business
• F2 – Management Accounting
• F3 – Financial Accounting – INT 

SKILLS MODULES (all papers)

• F4 – Corporate and Business Law – INT
• F5 – Performance Management
• F6 – Taxation – UK or SA version
• F7 – Financial Reporting – INT
• F8 – Advanced Audit and Assurance – INT
• F9 – Financial Management

Subject Content

KNOWLEDGE MODULES (all papers)

F1 – Accountant in Business

To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

F2 – Management Accounting

To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

F3 – Financial Accounting – INT
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.

SKILLS MODULES (all papers)

F4 – Corporate and Business Law – INT
To develop knowledge and skills in the understanding of the general legal framework within which international business takes place, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.

F5 – Performance Management
To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.

F6 – Taxation – UK version
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

F6 – Taxation – SA version
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies in South Africa.

F7 – Financial Reporting – INT
To 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.

F8 – Advanced Audit and Assurance – INT
To 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.

F9 – Financial Management
To develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.

Assessment

The Fundamentals level examinations contain 100% compulsory questions to encourage candidates to study across the breadth of each syllabus. The Knowledge module is assessed by equivalent two-hour paper based and computer based examinations.

 

The Skills module examinations are all paper based three-hour papers. The structure of papers varies from ten questions in the Corporate and Business Law (F4) paper to four 25 mark questions in Financial Management (F9). Individual questions within all Skills module papers will attract between
10 and 30 marks.

Pass marks

The pass mark for all ACCA Qualification examination papers is 50%.