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The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
The ACCA Qualification explained Matt Holden
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The ACCA Qualification explained Matt Holden

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  • 1. The ACCA Qualification explained Matt Holden ACCA Programme Manager Reed Business School
  • 2. Basic changes <ul><li>First sitting December 2007 </li></ul><ul><li>Still 14 papers to sit </li></ul><ul><li>Each paper can be attempted on its own </li></ul><ul><li>Students will now be required to pass an online ethics module </li></ul>
  • 3. Fundamentals Level 9 papers in total Skills Module F9 Financial Management (FM) F8 Audit and Assurance (AA) F7 Financial Reporting (FR) F6 Taxation (TX) F5 Performance Management (PM) F4 Corporate and Business Law (CL) Knowledge Module F3 Financial Accounting (FA) F2 Management Accounting (MA) F1 Accountant in Business (AB) The exams On completion of first 9 papers students can embark on their Oxford Brookes Degree
  • 4. Fundamentals Level 9 papers in total
  • 5. Fundamentals 9 papers in total Professional Level 5 papers in total Options Module (any 2 from 4) P7 Advanced Audit and Assurance (AAA) P6 Advanced Taxation (ATX) P5 Advanced Performance Management (APM) P4 Advanced Financial Management (AFM) Essentials Module (all 3) P3 Business Analysis (BA) P2 Corporate Reporting (CR) P1 Professional Accountant (PA)
  • 6. Professional 5 papers in total Fundamentals 9 papers in total
  • 7. Professional 5 papers in total Fundamentals 9 papers in total Relevant accredited accounting degree Route 1 Route 2
  • 8. Exam format Knowledge papers two-hour exams CBEs and paper based Skills papers t hree-hour exams (plus 15 mins reading and planning time) paper based only Professional papers t hree-hour exams (plus 15 mins reading and planning time) paper based only
  • 9. <ul><li>Ethics Module </li></ul><ul><li>A two hour online training module developed by the ACCA </li></ul><ul><li>Gives students exposure to real-life ethical case studies </li></ul><ul><li>Applicable to students registering from January 2007 </li></ul><ul><li>Accessible when students are eligible to sit P1, P2 and P3 (advised before sitting P1) </li></ul><ul><li>Complete at own convenience but before admission to membership </li></ul>
  • 10. Exemption policy No exemptions from the Professional level Available for all exams in Fundamentals level for equivalent qualifications Available for relevant degree holders from ACCA-accredited institutions
  • 11. Progression rules No requirement to sit and/or pass any exams together Maximum of four exams within a six-month period (including CBEs) Modules must be attempted in order Papers from different modules may be attempted at same sitting Papers within a module can be attempted in any order
  • 12. Exam conversion arrangements
  • 13. Conversion arrangements No student will undertake additional assessment in the transition from the current scheme to the new ACCA Qualification
  • 14. Exam conversion arrangements The current and new syllabus will not run simultaneously Last session on current scheme – June 2007 First session on new qualification – December 2007 Conversion notices Online exam conversion tool
  • 15. Conversion Current exams Credit from new exams Part One 1.1 Preparing Financial Statements F3 Financial Accounting 1.2 Financial Information for F2 Management Accounting Management 1.3 Managing People F1 Accountant in Business
  • 16. Conversion Current exams Credit from new exams Part Two 2.1 Information Systems F5 Performance Management 2.2 Corporate and Business Law F4 Corporate and Business Law 2.3 Business Taxation F6 Taxation 2.4 Financial Management and F9 Financial Management Control 2.5 Financial Reporting F7 Financial Reporting 2.6 Audit and Internal Review F8 Audit and Assurance
  • 17. Conversion Current exams Credit from new exams Part Three – Options papers 3.1 Audit and Assurance Services P7 Advanced Audit and Assurance 3.2 Advanced Taxation P6 Advanced Taxation 3.3 Performance Management P5 Advanced Performance Management 3.4 Business Information An Option in Business Management Information Management
  • 18. Conversion Current exams Credit from new exams Part Three – Core papers 3.5 Strategic Business Planning P3 Business Analysis and Development 3.6 Advanced Corporate Reporting P2 Corporate Reporting 3.7 Strategic Financial Management P1 Professional Accountant OR P4 Advanced Financial Management
  • 19. Conversion for Paper 3.7 Students who have passed two Options papers are credited with P1 Students who have NOT passed two Options papers can choose from P1 or P4 If they choose P1 they CANNOT attempt P4 as an Options paper
  • 20. Online exam conversion tool Enables students to calculate their own conversion status Supplements formal conversion notices Access at www.accaglobal.com Link from Reed Business School website www.reedbusinessschool.co.uk
  • 21. June Last written exams under Professional Scheme ______________ _______________________________________________________________________________________ August Current scheme students converted to new ACCA Qualification Conversion notices issued Professional Ethics module available to eligible students ______________ _______________________________________________________________________________________ October CBEs on new ACCA Qualification available ______________ _______________________________________________________________________________________ December First written exams under new qualification Deadline for all trainees to convert to new PER Timetable
  • 22. Changes to core paper rule
  • 23. Core paper rule <ul><ul><li>Papers 3.5, 3.6 and 3.7 had to be taken together </li></ul></ul>
  • 24. Core paper rule from December 2007 There is no core paper rule ‘ Essentials’ papers can be studied, attempted and credited individually
  • 25. Further information?
  • 26. Further information www.accaglobal.com /horizon ACCA Connect e-mail: [email_address] tel: +44(0) 141 582 2000
  • 27. Any questions?
  • 28. Thank you

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