ACCA Course: Applied Knowledge Level

The ACCA Certificate in Applied knowledge level is the first step towards the ACCA membership. This entry level is ideal for beginner accounting students with basic knowledge of accounting concepts. The Applied Knowledge Level helps students with core finance and business concepts along with financial accounting.

Exam Details & Certifications


Any 10+2 student with flair in accounting and finance can pursue the ACCA Knowledge Level. In this way they can directly get a qualification after school, before they complete their graduation.


Students who hold a degree or other relevant qualification, may be eligible for exemptions for one or more subjects from the ACCA Knowledge Level. 
Commerce Graduate, qualified CA, CA inter qualified, MBA Finance, CWAs, M.Com& PGP Management Accounting Degree holders are exempt from all the exams of Applied Knowledge Level.

Exam Format:

There are 3 papers in Knowledge Level namely, F1, F2 and F3. 
F1-F3 – Each of these papers have 50 objective questions.


Each subject exam is 120 minutes long.
Total Marks for Each Subject: 100 Marks 
Passing Marks for Each Subject: 50 Marks

Exam Fees:

Exam Fee for ACCA Knowledge Level each papers is 90 GBP.

ACCA Knowledge Level Syllabus


ACCA Knowledge Level is divided into 3 papers known as F1, F2 and F3.

F1: Accountant in Business F2: Management Accounting F3: FinancialAccounting
• Business stakeholders and external environment
• Business structure
• Accounting and reporting systems, controls and compliance
• Leadership and teamwork
• Personal effectiveness and communication
• Ethics in accounting and business
• Management information
• Cost accounting techniques
• Budgeting
• Standard costing
• Performance measurement
• Financial reporting
• Qualitative characteristics of financial information
• Double-entry and accounting systems
• Recording transactions
• Trial balance
• Preparing basic financial statements
• Preparing simple consolidated financial
• Statements
• Interpreting financial statements

Exam Pass Rate

Exam Pass Rate

ACCA Knowledge Level with Saraf Academy

As a Approved Learning Partner (APL) of the ACCA institute, we offer the best quality online live interactive classes with world-class study resources. At the Academy, we provide: 
• Best In Class Training Classes
• Video Lectures- Live & Recorded
• E Books
• Mock exams
• Comprehensive Progress Tests
• Exam Tips
• Study Planner
• 360 degree support

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