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BPP Professional Education

BPP Professional Education. ACCA syllabus change 2011 Sarah Roberts sarahroberts@bpp.com. Changes to ACCA. Changes from June 2011 F4-P7 (except F4 no changes and P6 2013) Detail on bpp.com

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BPP Professional Education

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  1. BPP Professional Education ACCA syllabus change 2011 Sarah Robertssarahroberts@bpp.com

  2. 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/accounting--finance/acca/modules/2011-syllabus-update/in-and-out.aspx

  3. 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

  4. 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

  7. Changes to ACCA • F9 • In • Small section on Islamic Finance • Out • Nothing

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

  9. 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

  10. 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

  11. 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

  12. 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

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

  14. 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)

  15. 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

  16. 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

  17. Questions

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