Applied Skills

The aim of the syllabus is to develop knowledge and skills in understanding and applying  IFRS Accounting Standards and the theoretical framework in the preparation of financial  statements of entities, including groups and how to analyse and interpret those financial 
statements. 

The financial reporting syllabus assumes knowledge acquired in Financial Accounting (FA),  and develops and applies this further and in greater depth.  

The aim of the syllabus is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decisionmaking, performance evaluation, and control.

The syllabus for Performance Management (PM), builds on the knowledge gained in Management Accounting (MA) and seeks to examine students’ understanding of how to manage the performance of a business. It also prepares students for more specialist capabilities which are covered in Advanced Performance Management (APM).

The aim of the syllabus is to develop knowledge and skills relating to the tax system as  applicable to individuals, single companies, and groups of companies. 

The syllabus for Taxation - United Kingdom (TX-UK) introduces students to the subject of  taxation and provides the core knowledge of the underlying principles and major technical areas of taxation as they affect the activities of individuals and businesses. 

Students are introduced to the rationale behind – and the functions of – the tax system. The  syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax from self-employment, employment and investments, the  corporation tax liability of individual companies and groups of companies, the national insurance contribution liabilities of both employed and self-employed persons, the value  added tax liability of businesses, the chargeable gains arising on disposals of investments by 
both individuals and companies, and the inheritance tax liabilities arising on chargeable  lifetime transfers and on death.