Modules and structure

Business and finance

On completion of this module students will be able to:

Identify the general objectives of businesses and the functions and tasks that businesses perform in order to meet their objectives.
Specify the nature, characteristics, advantages and disadvantages of different forms of business structure.
Identify the purpose of financial information produced by businesses and specify how accounting and finance functions support business operations, including the management of working capital.
Specify the role of the accountancy profession and why the work of the profession is important.
Identify the role that governance plays in the management of a business and specify how a business can promote an ethical culture.
Specify the impact on a business of the economic environment in which it operates.

ACA (ICAEW) at a glance
Difficulty	Core technical knowledge and skills
You should have already passed:	Students are not required to have passed any other papers
Examination method:	E-assessment - 1 1/2 hours
Hours of study required:	Classroom days: 4
Teaching methods available:	Classroom based Can be studied via Distance Learning as part of the CFAB qualification

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