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Exam aim

The aim of paper FAB Accountant in Business is to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

Exam overview

FAB is designed to help you understand business in the context of its environment, including economic, legal, and regulatory influences on such aspects as governance, employment, health and safety, data protection and security.

The syllabus also covers certain aspects of the regulatory framework as they affect accounting, auditing and corporate governance, examining the roles of internal and external auditors and introducing the importance of sound accounting and information systems and of internal controls. The syllabus also introduces key management and people issues such as individual and team behaviour, leadership, motivation and personal effectiveness.

Finally, the syllabus covers ethics and professionalism in business and accountancy, including corporate codes of ethics and conflict resolution.

Important updates

New question types

ACCA has introduced new question types, known as Multi-Task Questions (MTQs), into the paper and computer based exams for FAB Accountant in Business:

Multi-task questions (MTQs) contain a series of tasks which relate to one or more scenarios.

CBE

The introduction of MTQs into CBEs took effect on 26 February 2014

Paper exams

MTQs were introduced to the June 2014 exam.

Specimen exams in both CBE and paper formats are now available for you to review . Please familiarise yourself with the structure and question types.

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Last updated: 24 Apr 2015