ACCA Business and Technology - ACCA BT F1

This ACCA BT F1 Business and Technology module is designed to give learners a solid understanding of a business environment and the people and systems that interact with it. During this course, you'll gain an understanding of business organisational structure and functions, explore new technologies in accounting and auditing, and learn more about leadership and people management. To achieve the full ACCA membership qualification you will need to complete this course, as well as 12 other modules. Alternatively, you can complete this module, plus the ACCA MA F2 Management Accounting and ACCA FA F3 Financial Accounting modules to achieve the ACCA Fundamentals - Applied Knowledge qualification. If you're looking to simply develop your knowledge of business environments, you can also study this course on its own. Read our guide to the ACCA course and modules.

Course Content

Section A The business organisation, its stakeholders, and the external environment

• The purpose and types of business organisations
• Stakeholders in business organisations
• Political and legal factors affecting business
• Macroeconomic factors
• Micro economic factors
• Social and demographic factors
• Technological factors
• Environmental factors
• Competitive factors

Section B Business organisational structure, functions, and governance

• The formal and informal business organisation
• Business organisational structure and design
• Organisational culture in business
• Committees in business organisations
• Governance and social responsibility in business

Section C Accounting and reporting systems, compliance, control, technology, and security

• The relationship between accounting and other business functions
• Accounting and finance functions within business organisations
• Principles of law and regulation governing accounting and auditing
• The sources and purpose of internal and external financial information provided by business
• Financial systems, procedures, and related IT applications
• Internal controls, authorisation, security of data, and compliance within business
• Fraud and fraudulent behaviour and their prevention in business, including money laundering
• The impact of financial technology (fintech) on accounting systems

Section D Leading and managing individuals and teams

• Leadership, management, and supervision
• Recruitment and selection of employees
• Individual and group behaviour in business organisations
• Team formation, development, and management
• Motivating individuals and groups
• Learning and training at work
• Review and appraisal of individual performance

Section E Personal effectiveness and communication

• Personal effectiveness techniques
• Consequences of ineffectiveness at work
• Competence frameworks and personal development
• Sources of conflicts and techniques for conflict resolution and referral
• Communicating in business

Section F Professional ethics in accounting and business

• Fundamental principles of ethical behaviour
• The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
• Corporate codes of ethics
• Ethical conflicts and dilemmas