ACCA Applied Skills LW-FM (F4-F9)

Reach the next step as a professional accountant with the ACCA Advanced Diploma course with AVADO

  • Ideal next step after completing AAT or ACCA Level 4 Diploma
  • Will support you in a senior accountancy role in a business or accountancy practice

Upgrade your accountancy skills with the next papers in the ACCA pathway

The Applied Skills level covers papers LW-FM (formerly known as F4-F9). Study online for maximum flexibility and support.

Who is it for? Anyone who has completed the Applied Knowledge exams, or equivalent

Qualification ACCA Applied Skills LW-FM (F4-F9)

Location Online Learning

Duration Typical duration: 12-24months

What is the ACCA Applied Skills level (F4-F9) course?

If you have experience working in finance and have completed your AAT qualification or ACCA Level 4 Diploma, the ACCA Advanced Diploma course is the next step to becoming a Chartered Certified Accountant through the ACCA pathway. The Advanced Diploma is made up of six exams from the Applied Skills Level of the ACCA qualification (LW-FM). Choosing an ACCA online course with AVADO will allow you to learn flexibly around your job and other commitments.

This ACCA accountancy training course covers LW (F4) through to FM (F9) papers and will give you a broad understanding of various aspects of accounting and business practices, with a strong focus on professional values and ethics, financial statements, auditing and what it takes to be a Finance Manager.

On completion of the ACCA Advanced Diploma in Accounting & Business, you will be ready to progress to the next and final part of the ACCA Qualification, the Professional level SBL-AAA (P1-P7). After completing the full ACCA qualification and gaining sufficient experience, you will be a Certified Chartered Accountant, making you highly sought after by professional firms.

Plus, book your ACCA Qualification and spread the cost over 12 monthly payments, interest-free. 18 and 24 month interest-free terms are also available on some qualifications. Representative example for ACCA Level 4 Diploma in Accounting and Business (Knowledge, F1-3): Loan £1,058.00 over 12 months with 12 monthly payments of £88.17. The total amount repayable will be £1,175.04 which includes a deposit of £117.00. Click here for more representative examples and for full terms and conditions.

*Get free support if you don’t pass a paper first-time. Click here for full terms and conditions.


Get ACCA qualified with learning that works from AVADO

At AVADO, we create inspiring learning experiences that are all about your success. With our 26 years’ experience, your ACCA course gives you the best chance to pass first time:

  • The very best tutors and inspiring content. Your own dedicated tutor, hand-picked for their expertise, is available by phone or email. Access a range of engaging content including videos, quizzes, case studies and mock exams.
  • Support every step of the way as you learn with others. Your tutor and community team are here for you whenever you need them. And, because you learn online with other students, you’ll never be short of inspiration and motivation!
  • An online platform built around you – designed to work on your mobile and featuring bite-sized content so that you can learn as you go. Learn at your own pace but with structured milestones to keep you on track.
  • Affordable, all-inclusive prices. Payment packages to suit your budget. And no hidden surprises.
  • An award-winning provider you can trust. Our online ACCA courses were awarded the judges’ highest award for Best Online Distance Learning Programme at the 2017 Learning Technologies Awards, and ACCA Lead Tutor Paul Kirkwood won the PQ Magazine Editor’s Choice Award 2017. Plus AVADO is a Gold Approved ACCA Learning Provider, so you know you are receiving the best tuition and support.

With thousands of accountancy students qualifying with us each year, exceptional pass rates and student satisfaction scores of 92%, we know this is learning that works. Enquire now to find out how it can work for you.

What is included in the ACCA Advanced Diploma in Accounting and Business (F4-F9)?

Your course includes everything you need to succeed:

  • 24-hour access to your online campus, accessible on mobile and tablet
  • Online textbook for each paper
  • Regular online live classes with your tutor and classmates
  • Dedicated tutor and community team to support you throughout the course
  • Revision classes, mock exams and assignment feedback to help you improve
  • Free access to AVADO’s premium Career Development Hub
  • Free NUS card – the definitive student discount card with a range of exclusive discounts

We believe you shouldn’t have to pay extra for essentials like revision classes, mock exams and assignment marking. That’s why we include everything above in the price. The only additional cost is your ACCA institute fees, which you are required to pay directly to the ACCA.

Prerequisites for the ACCA Advanced Diploma in Accounting and Business (F4-F9)

The ACCA Advanced Diploma in Accounting and Business F4-F9 has the following entry requirements:

  • You must have already passed the preceding units F1-F3, except where exemptions are agreed with ACCA.

Please contact our friendly course advisors if you are unsure whether you meet these requirements. You can find out whether you qualify for any exemptions based on prior studies, using the ACCA Exemptions Calculator.

All AVADO students are also required to have:

  • You must be over the age of 18 or have a third-party payee for any financial agreement
  • A solid grasp of the English language (IELTS 5.5 or equivalent if English is not your first language)
  • Access to a computer or other internet enabled device and a reliable Internet connection, plus basic computer skills
  • You must be able to attend all exams at an ACCA Approved centre. Students outside the UK will incur an additional cost for international postage of textbooks.

Career path for the ACCA Advanced Diploma in Accounting and Business (F4-F9)

After you have completed the ACCA Advanced Diploma in Accounting & Business LW-FM and demonstrated the required amount of experience, you will be eligible to take the final stage of the ACCA Qualification, the Professional Level (SBR-AAA papers), after which you can progress to chartered status.

The ACCA Advanced Diploma in Accounting & Business will also support you in a senior accountancy role within a business or accounting practice including:

Management Accountant (Trainee) Audit Senior
£25,500* £37,500*

*Average UK salary data from Totaljobs Salary Checker, April 2017

How it works

Exceptional online learning support

All our ACCA courses are delivered through our award-winning Virtual Learning Campus (VLC). The VLC is an online learning platform that houses all your learning materials in one easy-to-access place. The VLC is designed for use on all internet-enabled devices, so you can study on your mobile or tablet any time, wherever you are.

Your VLC features:

  • Engaging bite-size learning content, including videos, animations, case studies and quizzes
  • Regular live online classes with your tutor, tailored to your group’s needs and recorded so you can catch up whenever you like
  • Learn as a group, with structured milestones to keep you on track
  • Regular learning checks, practice tests and mock exams so you know how you are progressing
  • Proactive tutor support – monitoring your progress and reaching out if you need support

What is the ACCA?

The Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants with 188,000 members and over 480,000 students across 181 countries. ACCA members are sought by organisations around the world to lead their business to sustainable success. The ACCA letters after your name show employers that you work to the highest professional and ethical standards.

An ACCA online qualification gives you the opportunity to start your career as an accounting professional and will support you throughout your profession. Achieving the ACCA Diploma qualification will equip you with all the fundamental accounting concepts and skills.

AVADO are an ACCA Gold Approved Learning Partner which recognises the quality of learning provision and support provided to students – so you can trust you are receiving high-quality tuition and excellent support.

To become a Chartered Certified Accountant, you must complete the full ACCA qualification pathway and have a minimum of 3 years’ experience working in Accounting.


The ACCA Advanced Diploma in Accounting & Business F4-F9 consists of the fourth to ninth papers of the full ACCA qualification:

LW: Corporate & Business Law (ENG) (F4)
PM: Performance Management (F5)
TX: Taxation (UK) (F6)
FR: Financial Reporting (F7)
AA: Audit and Assurance (F8)
FM: Financial Management (F9)

The course covers the fundamentals of accounting systems and the financial processes used within businesses, as well as detailing the professional and ethical skills needed within an accountancy practice. See below for a summary of the learning outcomes of each paper.

LW Corporate and Business Law (ENG) (F4)

Develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business. Learn to recognise when there is the need to seek further specialist legal advice.

On successful completion of this paper, you will be able to:

  • Identify the essential elements of the legal system, including the main sources of law
  • Recognise and apply the appropriate legal rules relating to the law of obligations
  • Explain and apply the law relating to employment relationships
  • Distinguish between alternative forms and constitutions of business organisations
  • Recognise and compare types of capital and the financing of companies
  • Describe and explain how companies are managed, administered and regulated
  • Recognise the legal implications relating to insolvency law
  • Demonstrate an understanding of corporate fraudulent and criminal behaviour.

PM Performance Management (F5)

Develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.

On successful completion of this paper, you will be able to:

  • Explain and apply cost accounting techniques
  • Select and appropriately apply decision-making techniques to facilitate business decisions and effective use of business resources
  • Identify and apply appropriate budgeting techniques and methods for planning and control
  • Use standard costing systems to measure and control business performance and to identify remedial action
  • Assess the performance of an organisation from both a financial and nonfinancial viewpoint

TX Taxation (UK)

Develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.

On successful completion of this paper, you will be able to:

Explain the operation and scope of the tax system and the obligations of taxpayer

  • Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed
  • Explain and compute the chargeable gains arising on individuals
  • Explain and compute the inheritance tax liabilities of individuals
  • Explain and compute the corporation tax liabilities of individual companies and groups of companies
  • Explain and compute the effects of value added tax on incorporated and unincorporated businesses

FR Financial Reporting (F7)

Understand and apply accounting standards and theory in the preparation of financial statements and learn how to analyse and interpret those financial statements.

On successful completion of this paper, you will be able to:

  • Discuss and apply conceptual and regulatory frameworks for financial reporting
  • Account for transactions in accordance with International accounting standards
  • Analyse and interpret financial statements
  • Prepare and present financial statements for single entities and business combinations in accordance with International accounting standards.

AA Audit and Assurance (F8)

Develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

On successful completion of this paper, you will be able to:

  • Explain the concept of audit and assurance and the functions of audit
  • Demonstrate how the auditor obtains an understanding of the entity, assesses the risk of material misstatement and plans an audit of financial statements
  • Describe and evaluate internal controls, techniques and audit tests, making appropriate recommendations
  • Identify and describe the work and evidence obtained by the and the application of the International Standards on Auditing
  • Explain conclusions from audit work and different types of audit report.

FM Financial Management (F9)

To develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.

On successful completion of this paper, you will be able to:

  • Discuss the role and purpose of the financial management function
  • Assess and discuss the impact of the economic environment on financial management
  • Discuss and apply working capital management techniques
  • Carry out effective investment appraisal
  • Identify and evaluate alternative sources of business finance
  • Discuss and apply principles of business and asset valuations
  • Explain and apply risk management techniques in business.

This course also includes FREE Xero Advisor Certification in cloud-based accounting.

Key course information:

  • Accredited by the Association of Chartered Certified Accountants (ACCA)
  • Level 6 qualification – equivalent to a Bachelor’s Degree level
  • Six online units and six computer-based exams at an external test centre
  • Typically completed in 18-22 months

Financial Options

If you are funding your own studies, you can pay in full immediately or split your course fees over two or three instalments at no extra charge.

We can also work with you to build a business case to apply for employer funding and can even speak to your company directly if you’d like. For more information, give one of our Course Advisors a call.

*Click here for more representative examples and for full terms and conditions.

“I like AVADO because the course works exactly the way my brain wants it to! I see a goal or end result and I systematically break it down to bite-size chunks, to ensure I grasp each concept before I move on. So for me, this is perfect!”

Allie Haggerty, ACCA Graduate

“I purchased some books to try and complete papers myself, but without the support which AVADO provided, I just wasn’t going to do it! AVADO’s tutors make the courses come to life.”

Rob Welsh, ACCA Graduate

Course Awards

Award-winning learning

We're proud to have won numerous awards with our ACCA courses.