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This section contains the syllabus and study sessions for each paper within Part 1 of the ACCA Professional Syllabus.

1.1 Preparing Financial Statements
1.2 Financial Information for Management
1.3 Managing People

The objective of part 1

This stage sets the scene for the accountancy profession. The examinations concentrate on basic knowledge and skills which form the platform from which professional competence can be developed. The knowledge and skills will be tested separately by subject and will be limited to straight-forward examples of application required as a prelude to more complex problems in Part 2.

Skills to be tested in part 1

Candidates should be able to demonstrate the ability to:

• identify and retrieve information requested
• make basic judgements on the value of an item of information
• use and apply concepts and techniques in a straightforward practical context
• identify the components of a basic problem and provide a solution
• present information requested in a logical format and
• communicate information clearly and succinctly.

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