BPP Professional Education

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BPP Professional Education

• ACCA syllabus change 2011
• Sarah Robertssarahroberts_at_bpp.com

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Changes to ACCA

• Changes from June 2011
• F4-P7 (except F4 no changes and P6 2013)
• Detail on bpp.com
• http//bpp.com/courses/examination-courses/account
  ing--finance/acca/modules/2011-syllabus-update/in-
  and-out.aspx

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Changes to ACCA

• F5
• In
• Environmental accounting
• Cost Volume Profit analysis
• Pricing
• Sales mix and yield variances
• Out
• Back flush accounting
• Implications of switching cost accounting
  techniques

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Changes to ACCA

• F6
• Exam format change, Qu 3 CGT 15 mks only and Qu 4
  and 5 15 mks each
• Check with ACCA if applies to Maltese variant

5
Changes to ACCA

• F7
• In
• -Consolidation exemptions and exceptions
• Out
• Nothing

6
Changes to ACCA

• F8
• In
• Audit framework and regulation objectives of
  engagements and clearer definition of 5 elements
• Internal control use of questionnaires
• Audit procedures opening balances and
  comparatives
• Audit evidence provisions and contingencies
  given own section
• Out
• Planning and risk assessment Compare and
  contrasting approaches
• Developing and documenting an audit plan

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Changes to ACCA

• F9
• In
• Small section on Islamic Finance
• Out
• Nothing

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Changes to ACCA

• P1
• In
• Identifying and assessing risk to include ALARP
  and risk perception, possible numbers to be in
  exam
• Out
• Nothing

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Changes to ACCA

• P2
• In
• Reconstruction schemes
• Liquidation vs reconstruction
• More detail on IFRS for SMEs
• Consolidation exemptions and exceptions
• Out
• Hyperinflation
• Implementation issues on adoption of IFRSs
• IFRIC interpretations

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Changes to ACCA

• P3 (Significant changes)
• In
• Cost and management accounting the role within
  strategic planning and decision making
• Evaluating methods of business forecasting
• Increased emphasis on project management
• E business (down stream)
• Out
• Quality issues
• Performance management
• Reward management

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Changes to ACCA

• P4
• In
• Demonstrating risk diversification through
  application of portfolio theory
• Reference to current financial crisis and dark
  pool trading
• Out
• Preparing advice on personal finance
• Corporate failure using Z score and Zeta score
  models
• Emerging financial derivatives

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Changes to ACCA

• P5 (Significant changes)
• In
• Evaluation information provided by an MIS and
  considering the impact of information overlaod
• Recruitment, appraisal and reward systems
• Impact of alliances and JVs on performance
  management
• Benchmarking and use of targets in the public
  sector (moved within syllabus)
• Out
• Pricing

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Changes to ACCA

• P7
• In
• Use of the internal audit by the external auditor
• Insolvency as a type of engagement
• Out
• Some procedural elements

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Changes to ACCA

• Changes from Dec 2011
• F1
• Exam format 16 one mark questions, 30 two mark
  questions and 6 four mark longer objective
  questions (1 from each part of the syllabus)

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Changes to ACCA

• Changes from Dec 2011
• F2
• Exam format 35 objective questions, 2 marks each
  and 3 ten mark longer version objective
  questions, one taken from each of the budgeting,
  standard costing and performance management
  sections of the syllabus

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Changes to ACCA

• Changes from Dec 2011
• F3
• In ratios, simple consolidation
• Exam format 35 objective questions, 2 marks each
  and 2 longer questions, 15 marks each including 1
  on groups and 1 on accounts preparation

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Questions