F1 - BPP - Business and Technology (BT)

The ACCA F1 Business and Technology is the first step toward becoming a qualified ACCA accountant.

It comprises six main areas, which include;

The business organization, the external environment and its stakeholders
Organizational structure of business, functions and governance.
Systems for accounting and reporting, controls, and compliance.
Leading individuals and teams and managing them.
Personal efficiency and communication
Accounting and business professional ethics

It may appear to be a broad and difficult range of subjects, but to give you an idea of what lies ahead, the F1 paper only scratches the surface of these subjects.

Full BT syllabus and study guide can be found here.

Overall Aim of Business and Technology

Introduce and comprehend the organizational structure, as well as the role of accounting and other key business functions in contributing to the effective, efficient, and ethical management and development of an organization and its people, as well as their interaction with technology, data, and information systems, knowledge, and comprehension of the organization and its environment.

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Introduction to the Business and Technology (BT) Syllabus

The Business and Technology (BT/FBT) syllabus introduces students to the business, the environment in which the business and entities operate, the functions of the entities, and the role and responsibility of each individual in the business and entity.

People and systems make up a business. The business has its own environment, which includes social, economic, legal, and technological factors.

It has key stakeholders who are well aware of their rights and responsibilities in the company.

The syllabus then describes the structure and functions of an organization, with a focus on financial regulation and the key role of accounting in this process, particularly in financial reporting, control, assurance, and compliance.

The curriculum then introduces key issues in leadership, people, and management, such as effective individual and team behavior, motivation, and personal efficacy.

The final section of the syllabus looks at how accepted professional ethics and values should guide behavior at all levels of business.

Summary of changes to Business and Technology (BT/FBT)

ACCA reviews qualification syllabuses on a regular basis in order to fully meet the needs of stakeholders such as employers, students, regulatory and advisory bodies, and learning providers.

There are no additions, changes, or deletions to the syllabus from September 2019, when the exam was known as Accountant in Business.

How to pass the ACCA F1 exam

The F1 ACCA exam will last two hours and will cover the entire syllabus.

Section A will include 30 objective test questions worth two marks and 16 questions worth one mark, while Section B will include 6 multi-task questions worth four marks each, covering the six areas of the aforementioned syllabus.

To pass the ACCA foundation level exam, you must obtain a score of 50% or higher, which is more than achievable with proper preparation.

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