ACCA - F1 – Accountant in Business
Concept Backbone
Structure of FBT
Overall aim of the syllabus
To introduce knowledge and understanding of the business, its environment and its people. The syllabus considers
the influence of the environment on how organisations are structured, the role of accounting and other key business
functions and how people and their interaction with technology, data and information systems contribute to the
efficient, effective, sustainable and ethical management and development of an organisation.
Introduction to the syllabus
The Business and Technology (BT/FBT) syllabus introduces students who may not have a business background, to the
business, which as an entity is made up of people and systems which interact with the environment and with each
other.
• The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and
the rights and responsibilities that businesses have in connection with them, exploring the external
influences that affect the business in its environment, including legal, economic, social, technological and
sustainability factors.
• The syllabus then examines the structure and functions of business, focusing on culture, corporate
governance, sustainability and regulation. The syllabus covers specific accounting related roles in this
process, particularly in financial reporting and internal control. The syllabus also covers financial systems and
the impact of technology.
• The syllabus then introduces key leadership, management and people issues such as effective individual and
team behaviour, motivation, training, performance appraisal, communication and personal effectiveness.
• The final section of the syllabus examines how behaviour at all levels within business should be underpinned
by accepted professional ethics and professional values.
Prepared by Sir Uzair Fatmi
ACCA - F1 – Accountant in Business
Concept Backbone
Exam Format
Exam type
Time allowed
Exam Structure
CBE on demand
2 hours
Section A 46 compulsory questions OTQs |[2 marks & 1 mark questions]
Section B
Clear criteria
These 46 questions are from each part of course (Part A to F)
6 compulsory questions MTQs | [4 marks questions]
These 6 questions are from each part of course (Part A to F)
50% marks
Specimen of a typical OTQ
Neill works as the procurement manager of JL Company, a large services company.
Information provided by Neill is most relevant to which of the following elements of the marketing mix?
A.
B.
C.
D.
Physical evidence
Distribution (or place)
Price
Processes
(2 marks)
Specimen of a typical MTQ
Here are four short references to the function of management:
A. There are essentially five functions of management that apply to any organisation
B. Individual and group behaviour at work is a major factor in productivity.
C. Management is the development of a true science of work.
D. The manager of a business has one basic function – economic performance.
Required:
(a)
Identify the description above which is associated with each of the following theorists
i.
Peter Drucker
ii.
Elton Mayo
iii.
Henry Mintzberg
iv.
F W Taylor
(2 marks)
(b)
A.
B.
C.
D.
E.
Below are listed five functions of management.
Planning
Organising
Managing
Monitoring
Motivating
Required:
Which two of the above are the functions identified by Fayol (SELECT ANY TWO).
(2 marks)
(4 marks)
Prepared by Sir Uzair Fatmi
ACCA - F1 – Accountant in Business
Concept Backbone
Table of Contents
Chap
TOPIC
Order
Part
Important Pg. no.
1
BUSINESS ORGANISATIONS & THEIR STAKEHOLDERS
1st
A
2
THE BUSINESS ENVIRONMENT
8th
A
ᴣ
5
3
THE MACROECONOMIC ENVIRONMENT
7th
A
ᴣ
16
4
MICROECONOMIC FACTORS
6th
A
ᴣ
23
5
BUSINESS ORGANISATION, STRUCTURE & STRATEGY
2nd
B
32
6
ORGANISATIONAL CULTURE & COMMITTEES
3rd
B
40
7
CORPORATE GOVERNANCE
4th
B
8
THE ROLE OF ACCOUNTING
9th
C
51
9
CONTROL, SECURITY & AUDIT
10th
C
65
10
IDENTIFYING & PREVENTING FRAUD
11th
C
11
LEADING & MANAGING PEOPLE
12th
D
80
12
RECRUITMENT & SELECTION
13th
D
89
13
DIVERSITY & EQUAL OPPORTUNITIES
14th
D
98
14
INDIVIDUALS, GROUPS & TEAMS
15th
D
102
15
MOTIVATING INDIVIDUALS & GROUPS
16th
D
109
16
TRAINING & DEVELOPMENT
17th
D
115
17
PERFORMANCE APPRAISAL
18th
D
122
18
PERSONAL EFFECTIVENESS & COMMUNICATION
19th
E
125
19
ETHICAL CONSIDERATIONS
5th
F
Recipe to clear exam
1
ᴣ
ᴣ
ᴣ
48
73
136
143
Prepared by Sir Uzair Fatmi
ACCA - F1 – Accountant in Business
Concept Backbone
Recipe to clear exam
1. Take all the classes religiously
2. Revise all the lectures from these notes
3. Read BPP Study Text or ACCA Education Hub material for each chapter/topic
4. If you are on time constraint due to job or other responsibility at least follow the above step for important
chapters and cover rest of the chapters from these notes
5. Cover BPP Kit along with the course
6. Give TSA tests and mocks regularly to check your learning and understanding
7. Cover Kaplan Kit at the very end after completing 100% BPP material to practice for exam
8. Attempt TSA Final Mock
9. Attempt ACCA Education Hub Mocks (all three)
10. Clear your exam as early as possible after course completion (at least within a month)
IMPORTANT
“Your parents have a lot of trust in you
and they hope to see you completing this
expensive yet promising qualification.
Do not waste your precious time.
Do not shatter your parent’s trust.
Do not strangle their hope.
AND
Do not waste their hard earned money”
Best of luck
Sir Uzair Fatmi
Prepared by Sir Uzair Fatmi