ACCA Complete (P4 and P5 modules)

• Strategic management accounting
• Performance hierarchy
• Performance management and control of the organisation
• Environmental, social, and governance factors

• Impact of risk and uncertainty on performance management

• Performance management information systems
• Sources of management information
• Recording and processing systems and technologies
• Data analytics
• Management reports

• Strategic performance measures in the private sector
• Divisional performance and transfer pricing issues
• Strategic performance measures in not-for-profit organisations
• Non-financial performance indicators
• The role of quality in management information and performance measurement systems
• Performance measurement and strategic human resource management issues
• Other behavioural aspects of performance management

• Alternative views of performance measurement and management
• Strategic performance issues in complex business structures
• Predicting and preventing corporate failure

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using appropriate tools
• Present data and information effectively, using the appropriate tools

• The role and responsibility of senior financial executive/adviser
• Financial strategy formulation
• Ethical and governance issues
• Management of international trade and finance
• Strategic business and financial planning for multinational organisations
• Dividend policy in multinationals and transfer pricing

• Discounted cash flow techniques
• Application of option pricing theory in investment decisions
• Impact of financing on investment decisions and adjusted present values
• Valuation and the use of free cash flows
• International investment and financing decisions

• Acquisitions and mergers versus other growth strategies
• Valuation for acquisitions and mergers
• Regulatory framework and processes
• Financing acquisitions and mergers

• Financial reconstruction
• Business reorganisation

• The role of the treasury function in multinationals
• The use of financial derivatives to hedge against forex risk
• The use of financial derivatives to hedge against interest rate risk

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

• Professional and ethical behaviour in corporate reporting

• The applications, strengths, and weaknesses of the accounting framework

• Revenue
• Non-current assets
• Financial instruments
• Leases
• Employee benefits
• Income taxes
• Provisions, contingencies, and events after the reporting date
• Share-based payment
• Fair Value Measurement
• Reporting requirements of small entities
• Other reporting issues

• Group accounting including statements of cash flows
• Associates and joint arrangements
• Changes in group structures
• Foreign transactions and entities

• Analysis and interpretation of financial information and measurement of performance

• Discussion of solutions to current issues in financial reporting

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

• Qualities of leadership
• Leadership and organisational culture
• Professionalism, ethical codes, and the public interest

• Agency
• Stakeholder analysis and organisational social responsibility
• Governance scope and approaches
• Reporting to stakeholders
• The board of directors
• Public sector governance

• Concepts of strategy
• Environmental issues
• Competitive forces
• The internal resources, capabilities, and competencies of an organisation
• Strategic choices

• Identification, assessment, and measurement of risk
• Managing, monitoring, and mitigating risk

• Cloud and mobile technology
• Big data and data analytics
• E-business: value chain
• IT systems security and control

• Management and internal control systems
• Audit and compliance
• Internal control and management reporting

• Finance introduction
• Financial analysis and decision-making techniques
• Cost and management accounting

• Enabling success: organising
• Enabling success: disruptive technologies
• Enabling success: talent management
• Enabling success: performance excellence
• Managing strategic change
• Innovation and change management
• Leading and managing projects

• Communication
• Commercial acumen
• Analysis
• Scepticism
• Evaluation

• The nature and purpose of financial management
• Financial objectives and relationship with corporate strategy
• Stakeholders and impact on corporate objectives
• Financial and other objectives in not-for-profit organisations

• The economic environment for business
• The nature and role of financial markets
• The nature and role of money markets

• The nature, elements, and importance of working capital
• Management of inventories, accounts receivable, accounts payable, and cash
• Determining working capital needs and funding strategies

• Investment appraisal techniques
• Allowing for inflation and taxation in DCF
• Adjusting for risk and uncertainty in investment appraisal
• Specific investment decisions (lease or buy, asset replacement, capital rationing)

• Sources of, and raising, business finance
• Estimating the cost of capital
• Sources of finance and their relative costs
• Capital structure theories and practical considerations
• Finance for small- and medium-sized entities (SMEs)

• Nature and purpose of the valuation of business and financial assets
• Models for the valuation of shares
• The valuation of debt and other financial assets
• Efficient market hypothesis (EMH) and practical considerations in the valuation of shares

• The nature and types of risk and approaches to risk management
• Causes of exchange rate differences and interest rate fluctuations
• Hedging techniques for interest rate risk

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
  
• Present data and information effectively, using the appropriate tools

• The concept of audit and other assurance engagements
• External audits
• Corporate governance
• Professional ethics and ACCA's Code of Ethics and Conduct

• Obtaining, accepting, and continuing audit engagements
• Objective and general principles
• Assessing audit risks
• Understanding the entity, its environment, and the applicable financial reporting framework
• Fraud, laws, and regulation
• Audit planning and documentation

• Internal control systems
• The use and evaluation of systems of internal control by auditors
• Tests of controls
• Communication on internal control
• Internal audit and governance and the differences between external audit and internal audit
• The scope of the internal audit function, outsourcing, and internal audit assignments

• Assertions and audit evidence
• Audit procedures
• Audit sampling and other means of testing
• The audit of specific items
• Automated tools and techniques
• The work of others
• Not-for-profit organisations

• Subsequent events
• Going concern
• Written representations
• Audit finalisation and the final review
• The Independent Auditor's Report

• Use computer technology to efficiently access and manipulate relevant information
  
• Work on relevant response options, using available functions and technology as would be required in the workplace
  
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

• The need for a conceptual framework and the characteristics of useful information
• Recognition and measurement
• Regulatory framework
• The concepts and principles of groups and consolidated financial statements

• Tangible non-current assets
• Intangible assets
• Impairment of assets
• Inventory and biological assets
• Finaicla instruments
• Leasing
• Provisions and events after the reporting period
• Taxation
• Reporting financial performance
• Revenue
• Government grants
• Foreign currency transactions

• Limitations of financial statements
• Calculation and interpretation of accounting ratios and trends to address users' and stakeholders' needs
• Limitations of interpretation techniques
• Specialised, not-for-profit, and public sector entities

• Preparation of single entity financial statements
• Preparation of consolidated financial statements including an associate

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

• the overall function and purpose of taxation in a modern economy
• Principal sources of revenue law and practice
• The systems for self-assessment and the making of returns
• The time limits for the submission of information, claims, and payment of tax, including payments on account
• The procedures relating to compliance checks, appeals, and disputes
• Penalties for non-compliance

• The scope of income tax
• Income from employment
• Income from self-employment
• Property and investment income
• The comprehensive computation of taxable income tax liability
• National insurance contributions for employed and self-employed persons
• The use of exemptions and reliefs in deferring and minimising income tax liabilities

• The scope of the taxation of capital gains
• The basic principles of computing gains and losses
• Gains and losses on the disposal of movable and immovable property
• Gains and losses on the disposal of shares and securities
• The computation of capital gains tax
• The use of exemptions and reliefs in deferring and minimising tax liabilities arising on the disposal of capital assets

• The basic principles of computing transfers of vlaue
• The liabilities arising on chargeable lifetime transfers and on the death of an individual
• The use of exemptions in deferring and minimising inheritance tax liabilities
• Payment of inheritance tax

• The scope of corporation tax
• Taxable total profits
• Chargeable gains for companies
• The comprehensive computation of corporation tax liability
• The effect of a group corporate structure for corporation tax purposes
• The use of exemptions and reliefs in deferring and minimising corporation tax liabilities

• The VAT registration requirements
• The computation of VAT liabilities
• The effect of special schemes

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend repsonses to exam requirements, using the appropriate tools
• Present data and information effectively using the appropriate tools

• Managing information
• Sources of information
• Information systems and data analytics

• Activity-based costing
• Target costing
• Life-cycle costing
• Throughput accounting
• Environmental accounting

• Relevant cost analysis
• Cost volume profit analysis
• Limiting factors
• Pricing decisions
• Make-or-buy and other short-term decisions
• Dealing with risk and uncertainty in decision-making

• Budgetary systems and types of budget
• Quantitative techniques
• Standard costing
• Material mix and yield variances
• Sales mix and quantity variances
• Planning and operational variances
• Performance analysis

• Performance analysis in private sector organisations
• Divisional performance and transfer pricing
• Performance analysis in not-for-profit organisations and the public sector
• External considerations and the impact on performance

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools

• Law and the legal system
• Source of law

• Formation of contract
• Content of contracts
• Breach of contract and remedies
• The law of torts and professional negligence

• Contract of employment
• Dismissal and redundancy

• Agency law
• Partnerships
• Corporations and legal personality
• The formation and constitution of a company

• Share capital
• Loan capital
• Capital maintenance and dividend law

• Company directors
• Other company officers
• Company meetings and resolutions

• Insolvency and administration

• Fraudulent and criminal behaviour

• The scope and purpose of financial statements for external reporting
• Users' and stakeholders' needs
• The main elements of financial reports
• The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
• Duties and responsibilities of those charged with governance

• The qualitative characteristics of financial information

• Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
• Ledger accounts, books of prime entry, and journals

• Sales and purchases
• Cash
• Inventory
• Tangible non-current assets
• Depreciation
• Intangible non-current assets and amortisation
• Accruals and prepayments
• Receivables and payables
• Provisions and contingencies
• Capital structure and finance costs

• Trial balance
• Correction of errors
• Control of accounts and reconciliations
• Bank reconciliations
• Suspense accounts

• Statements for financial position
• Statements of profit or loss and other comprehensive income
• Disclosure notes
• Events after the reporting period
• Statement of cash flows
• Incomplete records

• Subsidiaries
• Associates

• Importance and purpose of analysis of financial statements
• Ratios
• Analysis of financial statements

• Accounting for management
• Sources of data
• Cost classification
• Presenting information

• Sampling methods
• Forecasting techniques
• Summarising and analysing data
• Spreadsheets

• Accounting for materials, labour, and overheads
• Absorption and marginal costing
• Cost accounting methods
• Alternative cost accounting principles

• Nature and purpose of budgeting
• Budget preparation
• Flexible budgets
• Capital budgeting and discounted cash flow
• Budgetary control and reporting
• Behavioural aspects of budgeting

• Standard costing system
• Variance calculations and analysis
• Reconciliation of budget and actual profit

• Performance management - overview
• Performance management - application
• Cost reductions and value enhancement
• Monitoring performance and reporting

• The purpose and types of business organisations
• Stakeholders in business organisations
• Political and legal factors affecting business
• Macroeconomic factors
• Micro economic factors
• Social and demographic factors
• Technological factors
• Environmental factors
• Competitive factors

• The formal and informal business organisation
• Business organisational structure and design
• Organisational culture in business
• Committees in business organisations
• Governance and social responsibility in business

• The relationship between accounting and other business functions
• Accounting and finance functions within business organisations
• Principles of law and regulation governing accounting and auditing
• The sources and purpose of internal and external financial information provided by business
• Financial systems, procedures, and related IT applications
• Internal controls, authorisation, security of data, and compliance within business
• Fraud and fraudulent behaviour and their prevention in business, including money laundering
• The impact of financial technology (fintech) on accounting systems

• Leadership, management, and supervision
• Recruitment and selection of employees
• Individual and group behaviour in business organisations
• Team formation, development, and management
• Motivating individuals and groups
• Learning and training at work
• Review and appraisal of individual performance

• Personal effectiveness techniques
• Consequences of ineffectiveness at work
• Competence frameworks and personal development
• Sources of conflicts and techniques for conflict resolution and referral
• Communicating in business

• Fundamental principles of ethical behaviour
• The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
• Corporate codes of ethics
• Ethical conflicts and dilemmas

During this course, you will complete a number of progress tests and mock exams in preparation for your exam. You will need to sit an exam at the end of this module in order to achieve a pass.

Exams are not included in the cost of this course. You will need to book and pay for your exams directly with ACCA.

Course duration varies depending on when you enrol and start the course.

This course is offered on a distance learning basis, meaning you will have access to your required study materials. You will also have unlimited support from your personal tutor via email. Studying via distance learning means you can fit your studies around your commitments and progress at your own pace.

On successful completion of all your exams, as well as the Ethics and Professional Skills module and your work experience, you’ll be eligible to apply for ACCA membership you will achieve your full ACCA qualification.