Become a Globally certified accountant with the ACCA course at ISSD

In this paper, you dive into the basic principles of business and how they blend with today’s technologies. It’s like building the foundation for a solid grasp of how businesses work today. The paper is called BT Shortly and is known as the F1 paper of the ACCA curriculum.

• Understanding the organisational structure, leadership, and management within a business.
• Exploring the environmental factors affecting business operations.
• Delving into accounting principles and functions in the business context.
• Examining control processes in accounting and finance within a business.
• Effectively managing a business, including its resources and finances.
• Developing efficient teams and optimising business functions.

While attempting this paper, you’ll learn essential principles and the skills needed to make decisions that truly benefit your organisation. It’s all about empowering to impact through thoughtful choices positively. The paper is called MA Shortly and is known as the F2 paper of the ACCA curriculum.

• Understanding the concept of cost and management accounting.
• Exploring types of costs, their behaviour, and associated goals.
• Grasping the fundamentals of business mathematics and spreadsheets.
• Applying cost accounting techniques and conducting calculations.
• Engaging in costing, budgeting, planning, and analysis within a business context.
• Implementing management techniques for informed decision-making.

With this paper, you learn the basics of managing money wisely. We explore the rules and guidelines that govern how financial statements are created and presented. This knowledge is essential for anyone looking to make sound financial decisions. The paper is called FA Shortly and is known as the F3 paper of the ACCA curriculum.

• Exploring the principles of financial accounting.
• Utilising double-entry accounting methods.
• Understanding the basics of financial reporting.
• Preparing journals, ledgers, and trial balances.
• Handling financial data and preparing financial statements.
• Analysing income, cash flow statements, and balance sheets.

The Corporate and Business Law paper examines the rules businesses need to follow. This includes essential business and corporate law topics that help you make smart decisions. The paper is called LW Shortly and is known as the F4 paper of the ACCA curriculum.

• Examining the comprehensive framework of the legal system
• Exploring laws about business, companies, and financial affairs.
• Understanding the establishment and structure of business organisations.
• Addressing capital, business finance, and the regulation of companies.
• Analysing the application of Company Law acts within the business context.
• Examining the application of Business Law acts within the business environment.

This section, about managing and evaluating performance, provides candidates with the tools to enhance organisations’ performance and make better strategic decisions. The paper is called PM Shortly and is known as the F5 paper of the ACCA curriculum.

• Understanding cost accounting principles and various methods.
• Applying financial data for decision-making, business forecasting, and planning.
• Utilising business mathematics and statistics for analysis.
• Implementing standard costing, variance analysis, and other statistical tools.
• Conducting performance evaluation and management in a business setting.
• Integrating quantitative and qualitative data for assessing business performance.

In the Taxation paper, we learn the basics of taxes, gaining a solid understanding of how tax systems work. This paper prepares students to deal with the intricacies of business taxes. The paper is called TX Shortly and is known as the F6 paper of the ACCA curriculum.

• Understanding the concepts of taxation and exploring tax systems worldwide.
• Examining taxes on capital, profits, income, and business.
• Performing computations for both personal and business taxes.
• Understanding the structure and functioning of corporation tax.
• Analysing income tax, capital gains tax, and value-added tax.
• Using the tax framework of the UK as a reference for other countries.

This paper delves into advanced financial reporting principles to ensure candidates can efficiently prepare and analyse financial statements according to international standards. The paper is called FR Shortly and is known as the F7 paper of the ACCA curriculum.

• Creating financial statements for a business.
• Examining and interpreting financial statements.
• Utilising ratio analysis and other analytical tools.
• Adhering to regulatory requirements for financial reporting.
• Conducting financial reporting based on prepared statements.
• Communicating financial information to various stakeholders of the business.

This paper helps you learn how to make smart financial decisions and effectively handle money matters. We explore advanced topics in financial management to equip you with the knowledge and skills needed for efficient financial resource management. The paper is called FM Shortly and is known as the F8 paper of the ACCA curriculum.

• Understanding the concepts of financial management.
• Assessing the valuation of businesses and associated parameters.
• Effectively managing the finances and capital of a company.
• Skilfully handling the working capital of a business.
• Conducting financial risk analysis for businesses.
• Exploring the economic life cycle of a business.

This section delves into assurance services and audit procedures, helping candidates assess financial information more carefully and enhance its trustworthiness. The paper is called AA Shortly and is known as the F9 paper of the ACCA curriculum.

• Exploring the principles of auditing and the processes involved in conducting an audit.
• Examining regulations related to auditing.
• Identifying areas for auditing and establishing parameters for the audit.
• Managing business risk and identifying risks through the audit process.
• Implementing quality assurance processes for a business.
• Performing audits and preparing audit reports.

This paper focuses on building strategic and leadership skills in real business situations. The main goal is to develop the ability to make ethical decisions, especially in challenging situations. The paper is called SBL Shortly and is known as the P1 & P3 papers of the ACCA curriculum.

• Optimising the management of an organisation for enhanced efficiency.
• Understanding the roles and functions of governance within the realm of management.
• Establishing an ethical framework to guide professional values and decision-making.
• Integrating business strategies with corporate governance principles.
• Formulating internal control policies and implementing audit procedures for development.

This paper covers advanced reporting standards and gives candidates the tools to properly analyse and convey financial data, assuring accountability and openness in corporate reporting. The paper is called SBR Shortly and is known as the P2 paper of the ACCA curriculum.

• Establishing a framework for financial reporting within a business context.
• Examining the intersection of corporate governance and financial reporting.
• Assessing potential financial reporting issues and their consequences.
• Analysing the impact of changes in accounting regulations on financial reporting.
• Keeping abreast of current accounting and audit developments and their implications for businesses.
• Utilising case studies to navigate complex business reporting environments.

This part gets you ready for challenging money situations. We investigate advanced ways to manage finances, including handling risks, making smart investment choices, and planning financial strategies.  The paper is called AFM Shortly and is known as the P4 paper of the ACCA curriculum.

• Exploring business investments and the financial industry’s structure.
• Familiarising with investment banking, acquisitions, and mergers.
• Understanding financial and regulatory approaches to restructuring companies.
• Engaging in fund management, treasury functions, and advanced risk management.
• Examining the intersection of business finance, the economic environment, and global trade.
• Exploring emerging concepts in finance and financial management.

By learning the subject, you’ll gain a thorough understanding of both local and international taxes. The subject covers advanced tax principles, preparing you to navigate complex tax situations effectively. The paper is called ATX Shortly and is known as the P6 paper of the ACCA curriculum.

• Understanding the UK taxation system and tracing the origins of other tax systems.
• Examining various facets of the contemporary tax system.
• Analysing the effects of taxes and the interplay between different tax types, focusing on business taxes.
• Developing strategies for tax planning in the context of business operations.
• Exploring the International Taxation framework, including Customs and other duties.
• Illustrating complex tax planning systems through case studies.

The paper focuses on advanced methods for checking and ensuring things are in order. We emphasise understanding risks, behaving ethically, and the auditor’s role in making sure organisations are responsible and accountable. The paper is called AAA Shortly and is known as the P7 paper of the ACCA curriculum.

• Exploring sophisticated concepts in auditing within the regulatory framework.
• Conducting audits of intricate financial statements.
• Generating elaborate and thorough audit reports for business entities.
• Utilising analytical tools and techniques for interpreting audit reports effectively.
• Engaging in assurance reporting for various assurance engagements.
• Examining real-world case studies depicting audit and assurance reporting in complex business scenarios.

In addition to finishing the three ACCA levels, you’ll need to take a short online ethics course provided by ACCA. The ACCA Ethics and Professional Skills module is an online self-learning course that takes about 15 hours to finish. It’s a necessary part of the ACCA Qualification. The Ethics module aims to boost your chances of getting a job and being effective at work. You learn through practical business simulations, focusing on skills like leadership, professional ethics, business communication, and being aware of how businesses operate.

To become an ACCA member, you must gain 36 months of relevant experience, as mandated by the ACCA Practical Experience Requirements. If you lack suitable accounting or finance experience, you can fulfil this requirement through a 36-month internship. The internship should align with the nine performance goals outlined by ACCA for Practical Experience Requirements. These crucial skills are connected to the 13 papers of ACCA.