The ACCA F2 syllabus is devoted to Management Accounting, which is supposed to be the course about the role of accounting in some management stages, like decision-making and planning. The Knowledge module, to which the ACCA F2 syllabus belongs, operates at the first ACCA level, which is to possess some basic knowledge and necessary degree of comprehension. Further it is required to accomplish another two levels. Level 2 – application and analysis – belongs to the Skills module. The highest third level which is required upon the completion of the Professional module consists of the synthesis and evaluation capabilities.
As usual, there are six points to describe a student’s skills upon the completion of ACCA F2 paper. They can be summered up as follows:
- understanding of basic concepts concerning interrelations of accountancy and management, including cost and management accounting;
- understanding and analysis of different types of costs, their purposes and handling;
- learning some IT information about computer spreadsheets and other useful accounting software;
- application of business mathematics and cost accounting;
- the ability to handle costs calculating and its preparation for planning and control management stages;
- learning how to support the process of decision-making with the help of special accounting techniques.
Each point of these skills and capabilities are elaborately worked out to correspond to the employer’s needs in the given field. The ACCA syllabus about how to pass ACCA F2 gives profound descriptions of what a student should know at each stage of the ACCA course. This syllabus is to be found on any web-pages where certified organizations provide the ACCA qualification diploma.
To pass the ACCA F2 paper of the ACCA qualification students should carry out two- or three-hour tests, either paper or computer based. These exams are provided with 15 minutes of reading and understanding before they are started. Only after these 15 minutes a student may start filling in his/her answer paper.