For accounting professionals, earning the ACCA qualification is the best option to pursue a growing career. The ACCA Applied Skills is the second or intermediate level in ACCA. In this article, we will check the ACCA applied skills in Botswana with a detailed overview.
Significant Characteristics of the ACCA Applied Skills Level
These are a few of the main features of the ACCA certification’s Applied Skills Level.
- Emphasis on practical skills: In addition to incorporating business case studies, it is crucial to focus on learning things that will be useful in real-world scenarios.
- Intermediate stage: The ACCA Level 2 will highlight how your abilities evolve in practical settings.
- There are six exams that students must pass; however, there will be some exceptions.
- Building a foundation: passing the Applied Skills tests gives you a solid platform on which to build your career as a sophisticated Strategic Professional.
ACCA Applied Skills: Subject Outline
The ACCA applied skills in Botswana allow students to select which ACCA exam they want to take first. ACCA experts, however, recommend the following as the ideal structure for the ACCA exam:
Subject 1: Corporate and Business Law: Start with this since it is a two-hour exam that resembles the format of the Applied Knowledge exams and can serve as a useful course to take in between Applied Knowledge exams.
Subject 2: Taxation: After corporate and business law, taxation is a new subject that doesn’t require any prior knowledge or expertise. The session-based Applied Skills exam has a new format that can help you become acquainted with taxation.
Subject 3: Financial Reporting: This course builds on the Applied Knowledge module’s financial accounting course. Future courses are supported by or built upon this one.
Subject 4: Performance Management: The Applied Knowledge module’s management accounting serves as the foundation for this subject.
Subject 5: Financial Management: Supports the Strategic Business Leader course.
Subject 6: Audit and Assurance: Management accounting is the foundation for audit and assurance. It is a good idea to study financial reporting prior to audit and assurance because it will help you do better on this test.
The Entry Requirements for ACCA Applied Skills
You will begin studying at the Applied Skills Level if you have already finished the Foundation Diploma, the Applied Knowledge level, or the last level of AAT.
Before you apply, you can use the ACCA website to see if you qualify and if you need to apply for any exemptions.
The Objective of ACCA Applied Skills
Building upon prior knowledge and comprehension, Applied Skills cultivates the robust, understanding, and valuable financial skills required for strategic professional accountants. With the ACCA Applied Skills level, you will gain a solid understanding of law, taxes, reporting, financial management, and auditing during the course.
You can proceed to Strategic Professional after finishing.
ACCA Applied Skills Exam Format
The Applied Skills level exam format is entirely digital. The exam lasts three hours, including extra time for guidance.
Quarterly exam sessions take place in March, June, September, and December. Several exams are available on demand, depending on the testing location. The question formats are as follows:
Section A: Matching, multiple-choice, true-false, and objective-type problems
Section B: The exam includes application and scenario-based questions of the constructed response questions.
Case Study Questions: Technical Use for Practical Business Use in Practical Situations
Wrapping Up
The ACCA Applied Skills in Botswana provides you with the abilities you need to manage finance in the global economy, and it also serves as the cornerstone of your professional journey.
Even though the ACCA Applied Skills module generally takes 12 to 18 months to finish, with expert guidance and assistance, this time frame can be greatly reduced.
Keep in mind that achieving ACCA success involves more than just passing exams; it also entails developing the abilities and know-how that will distinguish you in the workplace.
Frequently Asked Questions
How many exams are in ACCA Applied Skills?
There are six exams under this level—Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM).
What is the pass mark for ACCA applied skills?
The pass score for all ACCA exams is set at 50%.
What is ACCA applied skills equivalent to?
Completing the ACCA Applied Skills exam is similar to earning a Master’s degree from a university.
