The global body for professional accountants

The future ACCA Qualification

Knowledge level exam resources

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ACCA’s Knowledge level has been developed to provide students with the fundamental knowledge and skills to build their successful career in accountancy

The Knowledge level of the future ACCA Qualification will teach students how to apply accounting principles and reporting standards to produce quality financial information. Students will learn to analyse and validate data from multiple sources to generate insights for management, apply legal regulations and professional standards, and understand the relevance of a business’s strategy, structure, and systems to its operations.

Alongside technical knowledge, students will develop professional communication, evidence-based analysis, and scepticism skills. All while cultivating an ethical mindset.

Explore Knowledge level exam resources

The Knowledge level includes three exams and one Essential Employability Module. Below you can explore the syllabus for each exam, along with specimen exams that show how they are structured, assessed, and the types of questions to expect.

The K1 Financial Accounting exam will develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry bookkeeping, including the preparation of non-complex financial statements.

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The K2 Management Accounting exam will develop knowledge and understanding of how the information used within a business can assist management in the areas of planning, control and decision making. 

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The K3 Business Law exam will develop knowledge and understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.

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Syllabus

Specimen exam

Specimen exam answers

The Enterprise and Entrepreneurship Essential Employability Module is an interactive learning and assessment experience that students can complete at their own pace.

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