Professional Level 2 consists of four exams. Students have the option of taking either Developments in Assurance and Accountability or Business and Financial Management. Each subject is tested by a three hour online exam.
At the Professional 2 level students are expected to demonstrate that they:
Can critically evaluate current issues and developments relevant to accounting and related practices
Are able to integrate knowledge, understanding and technical ability from different areas of accounting and related practices to analyse situations, make judgements and recommend actions
Understand fundamental principles and concepts underpinning accounting and related practices in organisations and can discuss the conceptual rationale that provides the basis for those practices
Understand the role of accounting and related practices within the financial and governance context of organisations
Are able to apply relevant regulations and standards in accounting, auditing, law and taxation
Know and can execute basic recording and measurement techniques relevant to accounting, management and assurance; and
Are able to analyse financial information and interpret it for the purpose of supporting decision making.