UAECA ACCA Diploma in Accounting and Business

Knowledge Level

Paper F1 - Accountant in Business

Providing a thorough introduction to the foundations of effective management, this paper will help you understand the contemporary business environment and its influence on the operation of accountants and organizations. It also sheds light on the accountant's role within this structure, demonstrating how they can contribute to the development of an effective and ethical organization.
The main elements of this paper are as follows:
Business organization structure, governance, and management
Key environmental influences and constraints on business and accounting
History and role of accounting in business
Specific functions of accounting and internal financial control
Leading and managing individuals and teams
Recruiting and developing effective employees

Paper F2 - Management Accounting

This paper will teach you how to prepare and process basic quantitative information, with the aim of supporting management decision-making processes through a range of functions.
The main elements of this paper are as follows:
The nature and purpose of cost and management accounting
Cost classification, behavior, and purpose
Business mathematics and computer spreadsheets
Cost accounting techniques
Budgeting and standard costing
Short-term decision-making techniques

Paper F3 - Financial Accounting

You will learn the underlying concepts, core principles, and regulations of financial accounting and acquire technical proficiency in double-entry accounting techniques, including the preparation and interpretation of basic financial statements.
The main elements of this paper are as follows:
Context and purpose of financial reporting
Qualitative characteristics of financial information and fundamental bases of accounting
Use of double-entry accounting systems
Recording transactions and events
Preparing a trial balance
Preparing basic financial statements