After Completing Knowledge level student will excel to second level which is known as Applied skill level and skill level aims at advancing the knowledge in accountancy to practical application. Subjects covered in this level are
Corporate and Business Law (LW)
Taxation (TX)
Financial Reporting (FR)
Performance Management (PM)
Financial Management (FM)
Audit and Assurance (AA)

As the final stage of the ACCA Qualification on your path to ACCA membership, these exams provide a powerful combination of skills, practical insights, and specialization options to elevate your accountancy career and captivate employers. You have to clear 4 papers, where 2 are essentials and remaining 2 can be chosen from 4 subjects: Subjects in this level are

Essentials
Strategic Business Reporting (SBR)
Strategic Business Leader (SBL)

Options (Choose Any Two)
Advanced Financial Management (AFM)
Advanced Audit and Assurance (AAA)
Advanced Taxation (ATX)
Advanced Performance Management (APM)

To complete your PER, you must acquire 36 months of supervised experience in a relevant accounting or finance role. Additionally, you’ll need to achieve nine performance objectives, including all five Essentials and four Technical objectives. This will equip you with the latest market practices and give you a vast exposure and opportunity of implementation of your knowledge in wide range of business environment.

Students must complete the EPSM for ACCA membership which is designed to equip them with the full range of skills employers seek. This module develops advanced ethical and professional abilities while immersing students in realistic business scenarios, ensuring they stand out to recruiters and excel in the workplace. The module takes approximately 20 hours to complete and basically focuses on:
Leadership,
Communication and
Commercial awareness.