What is Applied Knowledge in ACCA?
Applied Knowledge is the first level of the ACCA Qualification that introduces the basic principles of accounting. It comprises three exams - F1 Accountant in Business, F2 Management Accounting, and F3 Financial Accounting.
What is the ACCA Applied Knowledge level equivalent to?
The Applied Knowledge level is equivalent to the first year of a bachelor's degree programme. It focuses on developing basic business and accounting knowledge through applying it to real world scenarios.
How difficult is the ACCA Applied Knowledge Certification?
The Applied Knowledge exams are considered as the foundation level and cover basic concepts. While the topics are relatively straightforward, applying them requires understanding. Practice and preparing according to the ACCA syllabus is important to pass these exams.
Can I get a job after ACCA Knowledge level?
It is difficult to get an accounting job with just the Applied Knowledge level since it only provides basic knowledge. However, roles such as bookkeeping or accounts assistant are possible if relevant practical experience is also shown.
What are the pass marks for ACCA Knowledge level?
The global pass mark for each Applied Knowledge exam is 50%. However, some countries may have different country supplement pass scores between 40-49%.