Professional Level 1

Professional Level 1 consists of five exams. Each subject is tested by a three hour online exam.

At the Professional 1 level students are expected to demonstrate that they:

  • Understand basic 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.
  • Are able to analyse financial information and interpret it for the purpose of supporting decision-making.