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
http://bpp.com/courses/examinationcourses/accounting-finance/acca/modules/2011-syllabus-update/inand-out.aspx
Slide 2
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
Slide 3
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
Slide 4
Changes to ACCA
• F7
• In
-Consolidation exemptions and exceptions
• Out
– Nothing
Slide 5
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
Slide 6
Changes to ACCA
• F9
• In
– Small section on Islamic Finance
• Out
– Nothing
Slide 7
Changes to ACCA
• P1
• In
– Identifying and assessing risk to include ALARP
and risk perception, possible numbers to be in
exam
• Out
– Nothing
Slide 8
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
Slide 9
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
Slide 10
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
Slide 11
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
Slide 12
Changes to ACCA
• P7
• In
– Use of the internal audit by the external auditor
– Insolvency as a type of engagement
• Out
– Some procedural elements
Slide 13
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)
Slide 14
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
Slide 15
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
Slide 16
Questions
Slide 17