The Knowledge Level is the first stage of the ACCA qualification. It introduces students to the basic principles of accounting, finance, and business, forming a strong foundation for higher-level ACCA papers. This level also leads to the certificate of the Diploma in Accounting and Business, recognising the successful completion of the foundational papers.
This level is ideal for beginners or students with little or no background in accounting.
Papers at Knowledge Level
The Knowledge Level consists of three papers:
- Business and Technology (BT)
- Understanding how businesses operate
- Organizational structure and management
- Role of accountants in business
- Basics of governance, ethics and technology
- Financial Accounting (FA)
- Fundamentals of financial accounting
- Recording business transactions
- Preparation of financial statements
- Understanding accounting concepts and standards
- Management Accounting (MA)
- Costing techniques and budgeting
- Financial planning and control
- Decision-making using cost information
- Performance measurement
About the Instructor
Top FPA Trainers
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Zaheer Sayed
About
Accountant by profession and teacher by passion. An expert in IFRS, Ind AS, IAS and Audit.
Holds multiple professional certifications including ACCA, Six Sigma Green Belt, ISO 14000,
ITIL and PMP. Author of over 20 textbooks.A Chartered Certified Accountant (ACCA) with more than 17 years of global work experience
across India, the UK, Australia and Bahrain. Has worked with reputed organizations such as
UBS, Ernst & Young, Sopra Steria (NHS SBS), WNS and others.Possesses a broad skill set developed through experience across diverse industries and the
education sector. Core competencies include Financial Analysis & Reporting, Auditing,
Sales Transitions, Process Re-engineering, Risk Management and People & Client Management. -
Dhaval Pandhi
About
An experienced lecturer with a proven track record in the education management industry.
Possesses strong expertise in Association of Chartered Certified Accountants (ACCA)
curriculum, Balance Sheet preparation, Bank Reconciliation, Consolidation and Management
Accounting.A dedicated academic professional holding a Bachelor of Commerce (B. Com) with a
specialization in Accounting and Finance, along with ACCA Professional-level knowledge.
Known for providing strong academic support and delivering concept-oriented, practical
learning to students.
ACCA Level 1 (Applied Knowledge) usually takes 3 to 9 months to complete.
ACCA Level 1 includes 3 papers:
- BT – Business and Technology
- MA – Management Accounting
- FA – Financial Accounting
- ACCA exams are flexible and held 4 times a year
- Level 1 has only 3 papers, which are foundation-level
- You can choose to attempt 1 paper per session
Recommended study plan (with a job)
- Study time needed: (8–10 hours per week per paper)
-
Best approach:
- Attempt 1 paper every 2–3 months
- Complete Level 1 in 4–6 months comfortably
Entry-level ACCA candidates can find opportunities in:
- Accounting firms (audit & tax)
- Banks and financial institutions
- Corporate finance departments
- Small and medium enterprises (SMEs)
- Government and public sector finance departments
