ACCA Diploma in Accounting and Business / Applied Knowledge (RQF Level 4)

Unit: Accountant in Business (FAB)

The aim of this unit is to introduce a knowledge and understanding of the business and its environment, and the influence this has on how organisations are structured. It will also view the role of the accounting function in contributing to the efficient and ethical management of an organisation and its people and systems.

Entry requirements:

There are two ways to be able to enter into this level of study:


You have completed ACCA (RQF Level 3) Diploma in Financial and Management Accounting.


You have 3 GCSE’s and 2 A Levels (or equivalent qualifications) including maths and English, and you are working in an accounting environment.

Length of unit    7 weeks (not including exam)


Study options  (Weekday) 9.30 am to 12.30 pm

                              or 1.30 pm to 4.30 pm


Duration of session     3 hours


Cost of unit                  £250

Cost includes: Classroom structured tuition, all study resources, additional on-line support, full mock assessment.


Additional cost: Exam booked with external exam centre. Current price approximately £90


Assessment method: Computer based exam. Two sections: Section A contains 30 short questions and one question detailed question carrying 16 marks. Section B contains 6 multi task questions. 2 hours in length. Pass mark 50%


ACCA membership: To be eligible to study any ACCA qualification you must be a fully paid member of the association. Costs will be quoted on the ACCA website.


Qualification Attained: To attain the full RQF Level 4 Diploma in Accounting and Business (Applied Knowledge) you will be required to complete the Financial Accounting unit (FFA) and Management Accounting unit (FMA).




Check through this list of questions and if you answer 5 or more with a Yes response then this may be the course for you.

  1. Have you successfully completed a recognised Level 3 Accounting course, or attained the required level of success at GCSE and A level? (Mandatory Yes answer)
  1. Are you comfortable using a computer?
  2. Would you like to acquire the skills and knowledge required to be employed in an accounting role?
  3. Are you currently employed in an accounts position and require a qualification to support your work experience?
  4. Are you returning to work in an accounting environment and need to refresh your understanding of accounts at Level 4?
  5. Would you like to change your existing work role to develop your accounting skills to become a fully qualified accountant through ACCA?
  6. Are you able to attend every session of the course?
  7. Are you punctual?
  8. Do you feel comfortable working with numbers?
  9. Are you able to travel to the course premises in Liverpool without any difficulty?

Is this the right course for you?

Syllabus Content: On successful completion of this unit, candidates should be able to:


  • Understand the purpose and types of business, and how they interact with key stakeholders and the external environment
  • Understand business organisation structure, functions and the role of corporate governance.
  • Recognise the function of accountancy and audit in communicating financial information, and in how it is effective in financial control and compliance.
  • Recognise the principles of authority and leadership and how teams and individuals are recruited, managed and developed.
  • Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour.
  • Recognise that all aspects of business and finance should be conducted in a manner which complies with accepted ethical and professional values.