The ACCA qualification is structured progressively, building knowledge and skills across three main levels:

● Applied Knowledge: Covers the fundamentals of business, management accounting, and financial accounting (Papers BT, MA, FA).
● Applied Skills: Builds practical skills in corporate and business law, performance management, taxation, financial reporting, and financial management (Papers LW, PM, TX, FR, FM).
● Strategic Professional: Develops advanced capabilities in strategic business leadership, strategic business reporting, and chosen optional areas (Essentials: SBL, SBR; Options: AFM, APM, ATX, AAA – choose 2).

Passing exams at key stages earns you formal recognition from ACCA, marking your progress and enhancing your profile:

● Passing the Applied Knowledge exams earns you the ACCA Diploma in Accounting and Business.
● Passing the Applied Skills exams earns you the ACCA Advanced Diploma in Accounting and Business.
● Completing all the Strategic Professional exams brings you to the final stage before membership.

This progressive structure ensures that as you pass more exams, you gain increasingly valuable qualifications and open doors to more advanced roles.

Successfully passing your Applied Knowledge exams is a fantastic start, demonstrating a solid grasp of foundational accounting principles. You have earned the ACCA Diploma in Accounting and Business.

Next Steps in Your ACCA Journey:

● Apply formally for your ACCA Diploma.
● Begin preparing for the Applied Skills level exams.
● Consider starting the Ethics and Professional Skills Module (EPSM). While mandatory for membership, completing it early can be beneficial.
● Start thinking about how you will gain relevant experience for the Practical Experience Requirement (PER).

Career Opportunities & Companies:

Passing this level significantly boosts your profile for entry-level roles compared to someone with just a basic degree.
● Typical Roles:
○ Accounts Assistant
○ Junior Accountant
○ Accounts Payable/Receivable Clerk
○ Bookkeeper
○ Audit Trainee (often in smaller or mid-size accounting firms)

● Types of Companies:
○ Small to medium-sized accounting practices
○ Shared Service Centres (SSCs)
○ Companies across various industries are hiring for fundamental finance and accounting support functions.

Salary Insights (Estimated for India):

● Salaries at this stage are highly dependent on factors like your location (metro vs. non-metro city), prior experience (if any), the size and type of employer, and your performance during interviews.
● Estimated Range: ₹3 Lakhs to ₹5 Lakhs per annum.

Passing your Applied Skills exams is a major leap, proving you possess a strong set of practical, job-ready skills across crucial finance and accounting areas. You have earned the ACCA Advanced Diploma in Accounting and Business.