ACCA Diploma in Accounting and Business

The ACCA Diploma in Accounting and Business has no pre-requisite entry requirements. It is a qualification in its own right, and also constitutes the first level (‘Knowledge’ level) of the full ACCA qualification should you wish to progress further.

The course will provide you with a basic understanding of the operations of a business from both a finance and broader perspective. Our tuition comprises face-to-face teaching in a small classroom environment and courses integrate teaching and question practice.

The Syllabus

(AB) F1/FAB Accountant in Business
(MA) F2/FMA Management Accountingf
(FA) F3/FFA Financial Accounting

(AB) F1/FAB Accountant in Business (23 Sept 17 – Aug 18)

AimTo 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.
On successful completion of this paper, candidates should be able to:

  1. Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment
  2. Understand business organisation structure, functions and the role of corporate governance
  3. Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance
  4. Recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed
  5. Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour
  6. Recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values

Approach to Examining the Syllabus

The syllabus is assessed by a two hour computer-based examination.

Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge. The examination will consist of two sections. Section A will contain 30 two mark objective questions and 16 one mark objective questions. Section B will contain 6 four mark multitask questions each of which will examine one of the six main sections of the syllabus.

For full details on the syllabus content, visit the ACCA website

(MA) F2/FMA Management Accounting (23 Sept 17 – Aug 18)

Aim

To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context

Main capabilities

On successful completion of this paper, candidates should be able to:

  1. Explain the nature, source and purpose of management information
  2. Explain and apply cost accounting techniques
  3. Prepare budgets for planning and control
  4. Compare actual costs with standard costs and analyse any variances
  5. Explain and apply performance measurements and monitor business performance

Approach to examining the syllabus

The syllabus is assessed by a two hour computer-based examination.

Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge. The examination will consist of two sections.

Section A will contain 35 two mark objective questions.

Section B will contain 3 ten mark multi-task questions each of which will examine Budgeting, Standard costing and Performance measurement sections of the syllabus.

For full details on the syllabus content, visit the ACCA website

(FA) F3/FFA Financial Accounting (23 Sept17 – Aug 18)

Aim

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.

Main capabilities

On successful completion of this paper, candidates should be able to:

  1. Explain the context and purpose of financial reporting
  2. Define the qualitative characteristics of financial information
  3. Demonstrate the use of double-entry and accounting systems
  4. Record transactions and events
  5. Prepare a trial balance (including identifying and correcting errors)
  6. Prepare basic financial statements for incorporated and unincorporated entities
  7. Prepare simple consolidated financial statements
  8. Interpretation of financial statements

Approach to examining the syllabus

The syllabus is assessed by a two hour computer-based examination.

Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge.

The examination will consist of two sections.

Section A will contain 35 two mark objective questions.

Section B will contain 2 fifteen mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.

For full details on the syllabus content, visit the ACCA website

Integrated Courses

Our face-to-face classroom based tuition courses provide students with the knowledge to help them pass their ACCA exams. We run short comprehensive integrated courses scheduled over 2 or 3 phases depending upon the subject. The courses cover the core syllabus providing structure and clear objectives to enable students to build the necessary subject knowledge required to secure a pass. Question practice in class and via on-line practice exams form part of the course structure.Our students have email access to the subject tutor who will provide remote assistance during periods of home study and leading up to the exam.

The following course materials are provided within the course fee:

  • Study text
  • Revision question bank
  • Revision cards
  • Course notes
  • Online access to practice mock exams

Students can attend on a residential or non-residential basis. Self service breakfast and lunch are provided to all students attending our courses at no extra charge.

Reed Business School is an ACCA exam centre and the exams are scheduled after a short period after the course has finished to allow for consolidation of knowledge and question practice. Each course is scheduled in a modular approach so can be taken 1 at a time.

For details on pass rates, full course brochure and a manual enrolment form, please see ‘downloads’ on right of page

Residential Options

For students who wish to stay overnight, we offer highly competitive rates on a full board basis – providing you with a study-bedroom and all meals on site. You don’t have to spend any time travelling to and from courses and can focus solely on your learning. Our accommodation rates compare very favourably to hotel costs enabling us to maximise the value of your spend on professional development.The rooms come as either a shared room, a single room or our recently refurbished premium en-suite rooms.

The premium rooms come with en-suite as standard and with a range of single, double or king-sized beds. We advise booking early to avoid disappointment as en-suite rooms are limited.Residential fees start from £48/night on a full board basis. Accommodation can be booked when enrolling on the course.

View details on our residential facilities

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CBE Exam Centre

Please note, a student must register with ACCA before they can sit an exam. Please see the ACCA website for details on how to register.Reed Business School is an ACCA CBE exam centre for F1(FAB), F2(FMA), F3(FFA) and F4(LW).

If you are wish to book your exam with us, please complete our ACCA enrolment form. If you are not attending one of our courses and you wish to book your ACCA CBE with us, please download our computer based exam (CBE) dates, complete and return a booking form to us. Please note places are subject to availability.

CBE dates

CBE booking form

Pass Rates

Reed Business School is Platinum accredited by ACCA, the highest awarding accreditation. Part of our accreditation includes analysis of our student pass rates.We are the only accountancy tuition provider who openly publish all exam results, providing a transparent and detailed breakdown of results achieved by students attending our ACCA courses.

See details of our pass rates for the last few exam sittings

Further historic records can be viewed on this page



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Builds on the Diploma and through a combination of traditional exams and work experience develops a finance professional and equips them with the skills needed to run a finance department, or work at a senior level in a practice environment.

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*F1/FAB from 1st & 2nd half 2016 Integrated courses

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