As you continue to progress through the qualification, the ACCA F7-F9 papers will cover:
Finance and accounting are two fundamental business operations. Without them a business cannot thrive and plan for the future. Developing your knowledge obtained through the previous sections, you will be able to understand how to prepare financial statements, recognise the importance of audit and conduct accurate and effective financial management in the workplace.
F7 Financial Reporting
This paper will enable you to study the various theoretical elements of accounting as well as explore standards that are required to prepare financial statements. The course will also teach you how to carry out detailed analysis and interpretation of these documents. You should be able to identify the various conceptual and regulatory frameworks that are required in financial reporting, account for transactions, analyse and interpret financial information and present statements for individuals and businesses.
F8 Audit and Assurance
Audit is an essential part of any business. Studying the materials in this paper you will learn how to conduct an in-depth audit and assurance tasks. You will also be able to outline the reasons why audits are carried out and the functions that they serve. After studying this section you will be able to describe how the auditor understands the business, the techniques they use to identify and evaluate internal controls and issue audit reports and draw conclusions from audit findings.
F9 Financial Management
The final paper in the series will explore everything that you will need to know to practice competently as a Finance Manager. This will include understanding the purpose of financial management, recognising the impact of the economy on the management of a business, understanding working capital management, know how to carry out an investment appraisal and demonstrate knowledge of asset valuations and finance.