Business and Finance (B&F)

Module aim

To provide candidates with an understanding of how businesses operate and how accounting and finance functions support businesses in achieving their objectives.

On completion of this module, candidates will be able to:

  • identify the general objectives of businesses and the functions and tasks that businesses perform in order to meet their objectives;
  • specify the nature, characteristics, advantages and disadvantages of different forms of business and organisational structure;
  • identify the purpose of financial information produced by businesses, specify how accounting and finance functions support business operations, and identify sources and methods of financing for businesses and individuals;
  • specify the role of the accountancy profession and why the work of the profession is important;
  • identify the role that governance plays in the management of a business and specify how a business can promote corporate governance, sustainability, corporate responsibility and an ethical culture; and
  • specify the impact on a business of the economic environment in which it operates.


Method of assessment

The Business and Finance module is assessed by a 1.5 hour computer-based exam. The exam consists of 50 questions worth two marks each, covering the areas of the syllabus in accordance with the weightings set out in the specification grid. The questions are presented in the form of multiple choice, multi-part multiple choice, or multiple response.

The pass mark of this module is 55%.

Links to other ACA papers

No prior knowledge is required for B&F module.

B&F provides the basics to progress to BS and the Advanced level.