ACCA F1 Accountant in Business / FIA FAB

ACCA F1 Accountant in Business - Nature of the paper

ACCA F1 Paper – Accountant in Business – is a foundation paper which introduces a wide range of accounting and business terminology, and information about the business environment. The syllabus is very wide, but not deep.

Structure of the ACCA F1 paper

The exam consists of two sections:

• Section A  contains 16 one mark objective questions and 30 two mark questions objective test questions (pick one answer from a number of alternatives).

• Section B will contains 6 four mark multi-task questions. Multi-task questions (MTQs) contain a series of tasks which relate to one or more scenarios.

Emphasis of the ACCA F1 exam

The syllabus and study guide take you through:
• Work effectively in accountancy and finance
• Principles of internal control
• Evaluating accounting systems
• Professional ethics in accounting and finance
• Professional values and basic business legislation
• Business environment, structure and governance
• Leadership management and communication