The Applied Knowledge level helps you understand the role of accounting in the business environment, and develop the practical skills and techniques expected of an accountant working in business. You can complete Applied Knowledge in six to 12 months.
The Applied Knowledge level consists of three modules:
• Business and Technology
• Management Accounting
• Financial Accounting
The exams at this level can be attempted any time (they are “on-demand” exams) and in any order.
The most common approach for students at this level is to study these modules one at a time.
At the Applied Knowledge level, each module will require in the region of 35-50 hours of study. Consequently, many students find that planning to study each module over 6-8 weeks is a reasonable target.
You need to achieve a mark of 50% or higher to pass these subjects. These are taken as two-hour computer-based exams.
If you are AAT qualified, you are exempt from this level and can start ACCA Applied Skills straight away.
If you have graduated with a degree accredited by ACCA, you may be eligible for exemptions from both Applied Knowledge and Applied Skills.
You can check whether you are eligible and should apply for any exemptions launch on the ACCA website before you start applying.
You will learn about the role of accounting in the business environment and develop the practical skills and techniques required of an accountant.
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