F1 –Accountant in Business (AB) /FAB

 Accountant in Business (AB)/FAB is one of the papers at Applied Knowledge Level of ACCA. This paper is a computer-based exam.

The syllabus of this paper contains the following topics:
The business organisation, its stakeholders and the external environment – This section covers the purpose and types of business organisation, Stakeholders in business organisations, Political and legal factors affecting business, Macroeconomic factors, Microeconomic factors, Social and demographic factors, Technological factors, Environmental factors, and Competitive factors
Business organisational structure, functions and governance – This section covers the formal and informal business organisation, Business organisational structure and design, Organisational culture in business, Committees in business organisations, and Governance and social responsibility in business
Accounting and reporting systems, controls and compliance – This section covers 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 and Fraud and fraudulent behaviour and their prevention in business, including money laundering.
Leading and managing individuals and teams – This section covers 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, and Review and appraisal of individual performance.
Personal effectiveness and communication – The section covers Personal effectiveness techniques, Consequences of ineffectiveness at work, Competence frameworks and personal development, sources of conflicts and techniques for conflict resolution and referral and Communicating in business.
Professional ethics in accounting and business – This section covers 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 and Ethical conflicts and dilemmas

This paper covers objective type questions (MCQs), and it is a computer-based exam (CBE). 50% marks are required to clear this exam. Candidates can appear in this paper at any time at CBE exam centre located near in their vicinity.

These video lectures will make the subject easy for students. The free lecture is available as a demo. We provide mock exams after completion of the full course.  These classes are based on BPP publication. However, students can also refer to Kaplan study material for their practice. Both books are authorised publishers of acca study material. Students are advised to practice ACCA past exams papers.