ACCA Skill Level

Skill level is the second level of the ACCA Qualification and consists of six papers.

ACCA Skill Level examines the principle technical subjects that one is expected to have an advanced understanding of. Through these subjects one will develop knowledge and skill of law, taxation, auditing and financial management, financial reporting and performance management.


Any person who has is a commerce graduate or has completed ACCA Knowledge level can appear in the ACCA Skill Level.


Qualified CA, CMA,MBA Finance, M.Com and Partly qualified professionals may exempted from 1 or more papers this level exam.


F4: Corporate and Business Law F5: Performance Management F6: Taxation F7: Financial Reporting F8: Audit and Assurance F9: Financial Management

• Essential elements of the legal system
• Obligations
• Employment law
• Formation and constitution of business organisations
• Financing companies
• Management, administration, and regulation of companies
• Insolvency
• Corporate fraudulent and criminal behaviour

• Specialist management accounting
• Decision-making
• Budgeting
• Performance measurement

• The tax system
• Income tax and NIC
• Chargeable gains for individuals
• Inheritance tax
• Corporation tax

• The conceptual and regulatory framework for financial reporting
• Accounting for transactions in financial statements
• Analyzing and interpreting financial statements
• Preparation of financial statements

• Audit framework and regulation
• Planning and risk assessment
• Internal control
• Audit evidence
• Review and reporting
• Financial management function
• Financial management environment
• Working capital management
• Investment appraisal
• Business finance
• Business valuations
• Risk management

Exam Details

The ACCA Skill Level consists of 6 objective papers (F4, F5, F6, F7, F8 & F9).

Objective Papers

Total Marks: 100
Passing Marks: 50%
Exam Duration: 120 minutes

Exam Fees

The exam fees for 6 Objective Papers = GBP 108/ Paper

Exam Pass Rate

Exam Pass Rate


Once you complete this level, Students will receive the Advanced Diploma in Accounting and Business. 
Students can also gain BSc(Hons) degree in Applied Accounting from Oxford Brookes University.

ACCA Skill 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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