ACCA Applied Skills

If you have completed the Applied Knowledge level, the final level of AAT or the Foundation Diploma, you will start studying at the Applied Skills Level.

You should check whether you’re eligible on the ACCA website launch and apply for any exemptions before you start studying.

Applied Skills builds on your existing knowledge and understanding and gives you more practical finance skills. By the end of the course you will have covered:

• Corporate and Business Law England (LW – formerly F4)
• Performance Management (PM – formerly F5)
• Taxation (TX – formerly F6)
• Financial Reporting (FR – formerly F7)
• Audit and Assurance (AA – formerly F8)
• Financial Management (FM – formerly F9)

All of these exams are computer-based assessments and you will need a score of 50% or more to pass.

The Law exam is 2 hours long.

All other exams at this level are 3 hours long (with 10 minutes before to read through the exam instructions).

To finish this level you will also have to complete the Ethics and Professional Skills module. This is done via your MyACCA account. It consists of individual modules on various ethical principles and professional skills, followed by a section on how these will apply to the Strategic Professional exams if you choose to continue to this level. And finally, a short assessment, which you do on your computer in your own time, to check you have understood the principles covered in the module.

Getting your results

Upon completion of the Law exam, your provisional result is displayed on the screen. Your result will be transferred to your myACCA records within 72 hours. All other results are provided by ACCA and you can access them online on a fixed results date.

Grading

To pass your exams you will need to achieve 50% or more.

Resits

If you are unlucky in your first attempt, the ACCA has specific resources aimed at directing students on where to focus their studies to get back on track in the study resources section, and you can book your exam with MyACCA as soon as you are ready to give it another go.

ACCA approved venues

You can book your exams via ACCA. If you want to book an on-demand computer based exam you will need to choose from a list of approved venues launch.

• Unlimited access to the ACCA Applied Skills content with access to other levels. Empowering you to progress when you’re ready, or recap previous levels at no extra cost
• Partnering with the best, you’ll have access to market-leading interactive online content powered by Kaplan and study materials from Kaplan Publishing, an ACCA Content Partner – all day, every day for as long as you subscribe. You’ll access your study materials within your Osborne Books account.
• Online downloadable integrated Kaplan workbooks
• Application modules to help cement your understanding of key modules
• Comprehensive selection of tutor-led, bite-sized videos
• Thousands of practice questions and Interactive tasks
• One mock exam, plus access to the ACCA practice tests
• Access to expert tutors, seven days a week responding via email within four working hours
• You’ll be assigned a mentor to help and guide you through the order of subjects to study. You can also contact them wherever you need to throughout your course and get a response within 24 hours Monday to Friday

ACCA registration, student membership, and exam fees not included

For full details on Academic and Mentor support opening hours, please visit the contact us page.

Completing these exams plus the Ethics and Professional skills module will mean that you will achieve the Advanced Diploma in Accounting and Business which is benchmarked at a UK Bachelor’s university degree.

Job roles that could follow this level of the qualification include:

• Finance Trainee
• Trainee business analyst
• Internal auditor

With your current Eagle subscription, you can also now progress onto the Strategic Professional level to complete your ACCA qualification at no additional cost. ACCA also has a partnership with Oxford Brookes University, which means you can gain a BSc (Hons) degree in Applied Accounting while you work towards completing your Applied Skills exams.

You are automatically opted into the degree when you register as a student with ACCA, if you are eligible. For more information on the BSc degree scheme visit ACCA’s Oxford Brookes section.