ACCA MasterBlog

Applied Skills

1492 questions

Applied Skills is the second level of the ACCA qualification, covering six papers: LW (Corporate and Business Law), PM (Performance Management), TX (Taxation), FR (Financial Reporting), AA (Audit and Assurance), and FM (Financial Management). These exams are 3 hours each and contain a mix of MCQs and constructed response questions. They are session-based, available in March, June, September, and December. You need 50% to pass each paper.

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Units

LW: Corporate and Business Law

8 topics

PM: Performance Management

5 topics

TX: Taxation

6 topics

FR: Financial Reporting

5 topics

AA: Audit and Assurance

6 topics

FM: Financial Management

8 topics

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Frequently Asked Questions

What papers are in ACCA Applied Skills?

Applied Skills has six papers: LW (Corporate and Business Law), PM (Performance Management), TX (Taxation), FR (Financial Reporting), AA (Audit and Assurance), and FM (Financial Management). You must pass all Applied Knowledge papers before sitting Applied Skills exams.

When can I sit Applied Skills exams?

Applied Skills exams are session-based, running in March, June, September, and December each year. LW is an exception — it is available on demand as a computer-based exam, similar to Applied Knowledge papers.

Do Applied Skills exams include MCQs?

Yes — Applied Skills exams contain a mix of MCQs and constructed response questions. The MCQ component typically makes up 30-40% of the exam marks. Practising MCQs is essential for building the technical knowledge tested in both question formats.