The Business School Department of Finance ACCA Part Two Course Handbook 2006/2007 Contents Section 1 – General University Information 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 University Overview Getting to University Parking Application and Registration Catering Facilities Learning Resources Other Student Services Students Union Page 2 2 2 3 4 4 5 5 Section 2 – Course Administration Part 2 2.1 2.2 2.3 2.4 2.5 2.6 Overview ACCA Registration Exemption Policy Entry Requirements Term Dates Examination Dates/ Venue 6 6 6 6 7 7 Section 3 – Course Delivery 3.1 3.2 3.3 3.4 3.5 ACCA Course Leader Course Team Course Timetable Recommended Reading Overview of Modules 8 8 9 9 10 Section 4 – Advice on Studying and Taking Examinations 4.1 4.2 4.3 4.4 Studying Revision Examinations Nerves and Mental Blocks 12 12 12 13 Section 5 – Policies and Regulations 5.1 5.2 5.3 5.4 5.5 5.6 Withdrawals Complaints Policy Equal Opportunities Policy Disability Statement Appeals Procedure Health and Safety Procedures 14 14 14 15 15 15 Section 6 – Appendices A B ACCA ID Collection form Book publisher order forms 16 17 1 SECTION 1 GENERAL UNIVERSITY INFORMATION 1.1 The University The University of Gloucestershire is Britain’s newest university, achieving university status during 2001. The original Cheltenham and Gloucester college of Higher Education was created in 1990 by the merger of the College of St Paul and St Mary with the majority of the higher education programmes form the Gloucestershire College of Arts and Technology. The partners in the merger shared in common a vision of developing a strong higher education institution playing a full part in the educational, social, economic and cultural life of Gloucestershire and beyond. The Gloucestershire Business School was formed in 1998 and is responsible for the on going development of the provisions in Business Management and Information Technology. With 125 academics, 30 support staff and more than 3,000 students, the Business School is one of the largest in the region. The Business school is organised into five departments of which the Department of Finance (where this course is situated) is one. The Business School is located on the Park campus. Your ACCA course administrator is Angela Lunan who is situated in LCE 017 on the Park campus, please ask at park reception for directions. Address: Gloucestershire Business School The Park Cheltenham GL50 2RH Telephone: 01242 714299 E-mail: alunan@glos.ac.uk 1.2 Fax: 01242 714111 Getting to University The University has several sites the Park campus, which is the main site for the ACCA programme, is situated south of the town centre. It is approximately one mile from the bus station in Cheltenham town centre and approximately one mile from the rail station situated in southwest Cheltenham. 1.3 Parking The University car park is restricted to those who have a permit between the hours of 08.30 and 17.00 Monday to Friday. This can either be in the form of a full years permit, which costs £50, a half-year 2 permit, which costs £30, or alternatively it is possible to buy a daily permit for £1 from the pay and display machines in the main car park. A permit can be purchased through the university on line shop and attracts a 10% discount or by post or in person to the campus office where the full fee is payable. A permit does not guarantee you a space in the car park, which is often full during the day. Parking is likely to be easier in the evenings. Alternatively there is some free parking on the roads close to the University. 1.4 Application and Registration Enrolment on the course is by completion of two procedures: Application and Registration, both must be completed. Application to courses is via the completion of an application form which can be obtained from course administration (see section 1.1 above). Once your application form has been processed and accepted you will receive confirmation of a reserved place on the course from the course administrator. In addition you will receive a letter from Student Records also confirming the processing of your application and inviting you to formally accept the place on the course by returning the reply slip. If this slip is not returned you will not be able to complete the registration process. This year online registration will be available from 1st September. The student records team send out full details of the process together with sponsorship and direct debit information for the payment of fees. As a result of online registration, there will be a streamlined face-toface process, for obtaining your student ID card and NUS card. This process will take place at the Park Campus, Cheltenham. You will be notified in due course of the date of this event by the student records team. For this event you will need to bring your copy of your online registration, proof of identity with you, both the original document and a copy for our records together with one passport sized photograph with your name and course printed on the back. It is also possible to join the Students Union at this event and get an NUS card, which you can use in various shops to obtain discounts. In order to obtain a card you will need your university ID card plus an additional passport sized photograph, a charge of £2 is made to cover the cost You will need your student ID card to access the learning centre and its computer facilities. Your student number is your user name and you must get a four-digit password from the learning centre issue desk to use the computers. 3 If you are unable to complete this procedure on the assigned date additional later dates will be available, information will be posted around the campus or contact Angela Lunan for details. 1.5 Catering Facilities The student restaurant serves a wide variety of hot and cold food as well as drinks, and is open, during term time: Monday to Thursday 08:00 – 20:00 hours, and Friday 08:00 – 17:00 hours Outside of undergraduate term time, a reduced service is available from 08:00 – 15:00 hours. In the corridor outside the restaurant there are some vending machines selling hot and cold drinks, chocolate and crisps. The bar is also open during the day and evening serving hot and cold drinks. 1.6 Learning Resources The Park Learning Centre offers access to the full range of technology and learning resources. It houses more than 150 computers and has a variety of workspaces for group work and individual study. Facilities include: borrowing of additional texts and materials; researching information from CD’s electronic journals, databases and on-line learning materials; free Internet access; reprographic services. The learning resource centre at the park campus is open at the following times: TERM TIME Monday Tuesday Wednesday Thursday Friday Saturday Sunday 8.45 am - 10.00 pm 10.00 am - 10.00 pm 8.45 am - 10.00 pm 8.45 am - 10.00 pm 8.45 am - 8.00 pm 9.00 am - 4.00 pm Ref/Computers ONLY 12.00 pm - 4.00 pm Contact numbers: Issue Desk: Information Desk: 01242 532721 01242 543458 4 VACATIONS Times vary during vacation. Check on site or via the web page www.glos.ac.uk/departments/lis/park/index.cfm 1.7 Other Student Services The university is here to help and give support, no matter what issues you may face. The student services department offers advice, guidance and support on a range of matters. For up the minute information about student services, please look at our web site: www.glos.ac.uk/departments/studentservices/ Facilities include: Pre-school centre – providing childcare Counselling service Disability services Financial advice Chaplaincy 1.8 Students Union All full and part-time students at the University of Gloucestershire automatically become a member of the Students’ Union (SU). The SU provides a wide range of services for further information check out the web site at www.ugsu.org 5 SECTION 2 COURSE ADMINISTRATION 2.1 Overview The ACCA Professional Accounting qualification comprises Part one, Part two and Part three. The subjects and timetables provided by this School for Part Two can be found at Section 3 of this Handbook. The School offers all Part Two subjects each year. Assessment is by three hour externally set examinations. 2.2 ACCA Registration You should register with ACCA at the earliest opportunity. Student membership must be obtained before examination entry forms will be accepted. Following registration, ACCA student support will offer advice and guidance to students, issue examination entry forms and deal with all registration and examination queries. As part of our quality procedures we require you to give us your ACCA registration number. A form is attached at the end of this booklet please fill in the details and return the form either to Angela Lunan or Angela Lorenz. 2.3 Exemptions Policy The Association will consider applications for exemption. Original certificates will be required to support any exemption claim; an overview of the Association’s exemption policy is set on the web page www.accaglobal.com. 2.4 Part One Entry Requirements You must have completed one of the following minimum requirements: Two subjects at GCE A Level plus three additional GCSE passes at Grade C or above. Two of the five subject passes must be in Mathematics and English Language. There are a number of alternative qualifications, which also satisfy the entry requirements; they can be viewed from the ACCA web site. If you are over 21, you may apply even though you have no formal educational qualifications, through the Mature Student Entry Route (MSER). You must undertake papers M1 and M2, which are the equivalent of papers 1.1 and 1.2 and pass them within two years (4 attempts). You will then be able to transfer to the main student register. 6 2.5 Term Dates 2006/2007 AUTUMN TERM Week beginning 18th September 2006 – Week ending 15th December 2006 CHRISTMAS VACATION 2007 16th December 2006 – 7th January SPRING TERM Week beginning 8th January 2007 - Week ending 30th March 2007 EASTER VACATION 31st March 2007 – 22nd April 2007 SUMMER TERM Week beginning 23rd April 2007 – Week ending 1st June 2007 2.6 Examination Dates The Part Two subjects taught by the School will be examined by external examination. The timetable for your June exam sitting can be accessed through the ACCA Web page. It is your responsibility to ensure that properly completed examination entry forms, together with the correct fees, reaches ACCA by the closing date for exam entry. Examination Venue The University is not a named ACCA assessment centre. ACCA provide a list of venues from which you can choose the most convenient. There is however no centre in Cheltenham at present. 7 SECTION 3 COURSE DELIVERY 3.1 ACCA Course Leader The ACCA Course Leader is responsible for managing all aspects of the provision and will coordinate any concerns and complaints raised by students. Your ACCA Course Leader is: Angela Lorenz BA(HONS), PGCE(FE), ACMA, MBA Tel: 01242 714351 or Email: alorenz@glos.ac.uk 3.2 Part Two Course Team SUBJECT TUTOR CONTACT NUMBER Audit and Internal Review Rhian Dow, ACA PKPL 211 Tel: 01242 714355 rdow@glos.ac.uk Business Tax Chris Wiltshire, ACA PKPL 209 Tel: 01242 714352 cwiltshire@glos.ac.uk Corporate and business Law Kathy Idensohn PKPL 005 Tel: 01242 714329 kidensohn@glos.ac.uk Financial Reporting Rhian Dow, ACA PKPL 211 Tel: 01242 714355 rdow@glos.ac.uk Financial Management and Control Margaret Greenwood, FCA, BA (Hons) PKPL 209 Tel: 01242 714350 mgreenwood@glos.ac.uk Information Systems Andrew Tomlinson MSc PKLCE 027 Tel: 01242 714310 atomlinson@glos.ac.uk NOTE: the above is provisional and may change before the start of the year PKPL = Park campus, Pallas building, PKLCE = Park campus, Learning Centre. 8 3.3 Course Timetable Tuesday / Thursday Tues 6.15 – 9.15 Financial Reporting/ Audit and Internal Review (classes will alternate starting on 21 Sept with Financial Reporting) Tues 6.15 – 7.45 Information Systems Tues 7.45 – 9.15 Corporate and Business Law Thurs 6.15 – 7.45 Business Tax Thurs 7.45 – 9.15 Financial Management and Control This timetable allows varying hours of class contact per subject. Students are expected to devote twice this time to home study. Breadth of reading is essential to a full understanding of the subjects. Coursework and Reading will be given (usually weekly) which should be attempted; additionally tutors will usually require you to complete tests and mock exams at various intervals throughout the course. Classes will usually involve a variety of teaching and learning methods including lecture followed by tutorial activity and group discussions. Schemes of work will be given by each tutor detailing what will be covered on a week-by-week basis. Rooming information is not yet available but will be placed on the website as soon as possible at the following link: http://www.glos.ac.uk/subjectsandcourses/professional/acca/index.cfm 3.4 Recommended Reading For the ACCA courses there are a number of book publishers, which supply texts. The Course Team generally use the Kaplan (formally FTC Foulks Lynch) texts, with the following exception: Rhian Dow recommends BPP for papers 2.5 and 2.6 Kaplan: The University has secured a 35% discount for you using a preferential order form, which is attached to this handbook. You can also order by telephone using the code: GLO234PR BPP: The University has secured a discount of 40% discount for you using a preferential order form, which is attached to this handbook. 9 3.5 Overview of Modules Paper 2.1: Information Systems Aim: To develop the knowledge and understanding of information systems development and delivery required to take an informed and active role in information systems solutions. The syllabus contains the following key areas: Managing information systems Designing information systems Evaluating information systems Paper 2.2: Corporate and Business Law (English) Aim: To develop knowledge and understanding of the general legal framework within which an accountant operates. To develop an awareness of and an ability to understand both common law and statute in relation to specific legal areas of central importance to business. The syllabus contains the following key areas: The English legal system General principles of the law of contract Agency and partnership The company form The formation and constitution of the company Capital and financing of companies Management and administration of a company Company meetings Majority control and minority protection Paper 2.3: Business Taxation (UK) Aim: To develop knowledge and understanding in the core areas of tax related to businesses and their employees. The syllabus contains the following key areas: Corporate business Unincorporated business Employees Tax planning 10 Paper 2.4: Financial Management and Control Aim: To develop knowledge and understanding of financial management methods for analysing the benefits of various sources of financial and capital investment opportunities and of the application of management accounting techniques for business planning and control. The syllabus contains the following key areas: Financial management objectives The financial management environment Management of working capital Sources of finance Capital expenditure and investment Costing systems Costing techniques Standard costing and variance analysis Budgeting and budgetary control Paper 2.5: Financial Reporting (UK) Aim: To build on the basic techniques in paper 1.1 Preparing Financial Statements and to develop knowledge and understanding of more advanced financial accounting concepts and principles. Candidates will be required to apply this understanding by preparing and interpreting financial reports in a particular context. The syllabus contains the following key areas: Accounting principles, concepts and theory Regulatory framework Preparation and presentation of financial statements for limited liability companies and other entities Preparation of consolidated financial statements Analysis and interpretation of financial statements and related information Paper 2.6: Audit and Internal Review (UK) Aim: To develop knowledge and understanding of the audit process and its application in the context of the external regulatory framework and for business control and development. The syllabus contains the following key areas: Audit framework Internal audit and internal review Regulation Planning and risk Internal control Other audit and internal review evidence Reporting 11 SECTION 4 ADVICE ON STUDYING AND TAKING EXAMS 4.1 Studying The ACCA Part Two is a professional accounting qualification, the emphasis of which is upon learning rather than teaching. This places the onus on students to ensure that each topic covered in class is fully understood before progressing to the next topic, and this cannot be achieved without a fair amount of home study. The following points may be helpful to those who have not studied much before: 4.2 Be organised and prepared. Manage your time. Set realistic timetables and quiet locations for your work. Lay out notes clearly & carefully with a wide margin for refresher points. Cross refer to copies of newspaper/magazine articles kept on file. Remember, the better the notes, the easier the revision. Above all, focus on key issues and from these, draw down details. Revision If you do not understand the subject the night before the examination, it’s too late. So plan a realistic timetable for revision well before the examination: 4.3 Quickly scan through all notes on the subject and refresh where memory has dimmed. Then tackle past examination papers under pretend exam conditions. Use tutorial sessions to elicit answers where you have a problem. Be self-critical. Use refresher points for final recollections. Be positive. Examinations There is a distinct technique to tackling examinations and the following pointers may help: Be alert for changes in the general instructions – number of questions to be answered and which are compulsory. Read the whole paper to identify which choice questions to answer. Allocate timescales, bearing in mind the proportioning of marks. Structure your answer in brief note form before starting to write. 12 4.4 Do not write all you know about the subject – only provide information specific to the question; exclude irrelevant information. Support statements with brief arguments, references to theory and/or actual experiences. Show your reasoning for a conclusion. Answers are required to be presented in a particular format. The ability to present them in that format is essential for high marks. Where calculations are required, you must show how you arrived at the answer; marks will depend on accuracy and layout. Essays should follow the format: Introduction, Discussion (4 or 5 paragraphs) and Conclusion. If a short answer is asked for, write a brief explanation to show understanding. Likewise, if you make an assumption, show how you arrived at it. Convince the examiner you know your topic, he cannot read your mind so do not assume he will know what you really meant. Keep the examiner interested and happy: o Number each answer, but do not write down the question; that wastes time. o Use a good layout with clear writing, a good pen, paragraphs and margins. o Make clear, large diagrams and charts, and support with narrative. Keep 5 minutes at the end to check and edit your work for spelling, grammar and punctuation. Nerves and Mental Blocks Mental blocks and nerves are often caused by cramming at the last minute with late nights and too much coffee. However, if you have worked to a plan and are still overcome, the following pointers may help: For nerves, eat properly before the examination to keep blood sugar and energy levels up. Take a deep breath; hold it for a few seconds and exhale slowly. Tackle the fear of failure – think positively. Mental blocks are common; try the following: o Leave that question and move to the next question – remember to come back to it. o Only answer questions you are confident about first. This is all right so long as the answer number reflects the question number. o Use a separate sheet of paper to jot down notes as you scan the paper initially. These will act as triggers later. o Allow a set time for each question and stick to it. o Allows answer every question on the test – you have a one in four chance of being right. 13 SECTION 5 POLICIES AND REGULATIONS 5.1 Withdrawals If you need to withdraw from the course after you have registered you will be required to complete a withdrawals form. These can be obtained from the course administrator. Full details of the Universities fee and refund policy can be found on the web site at: www.glos.ac.uk/departments/financeplanning/tuitionfees/ 5.2 Complaints Policy If you have any concerns about the tuition or the facilities, or any problems which may affect your studying, do not hesitate to bring them to the attention of your class tutor in the first instance. If, having considered this process, you feel that you need to make a formal complaint then you should write to the Course leader setting out your grievance in full, with evidence to support allegations and support from other students if applicable. Further details can be found on the web site at: www.glos.ac.uk/policies/stucomplaints.cfm 5.3 Equal Opportunities Policy The University is committed to being a community in which equality of opportunity is a reality for all students and staff. Our mission statement and the traditional values on which we are founded mean that we actively seek to create a positive environment in which all staff and students are respected. No member or prospective member of the University community will receive unfair or unlawful treatment due to race, colour, nationality, ethnic or national origins, religion, creed, sex, sexual orientation, marital status, or disability, nor face unwarranted discrimination on the grounds of age. Full details of this and the Universities other specific policies can be found in the Students' A-Z (available via the Students Union or at start of course) or via the web site at www.glos.ac.uk 5.4 Disability Statement If you have a disability for which you require particular treatment or resources please contact the course leader as soon as possible. Full details of the University’s provisions for students with a disability can be found via the University web site. 14 5.5 Appeals Procedure If a candidate wishes to raise an appeal about an examination result, he/she should contact ACCA directly. 5.5 Health and Safety Procedures Full details can be found in the Students' A-Z Disclaimer: The University will take reasonable steps to provide the educational services as described in this handbook. It does not guarantee the provision of such services and this handbook does not form part of any contract between you and the University. The University shall be under no liability for loss occasioned to any person as a result of the contents or omissions from this handbook 15 DATA COLLECTION FORM Course: ACCA Name : Telephone : (home) (work) Email Address : ACCA Student Number : I agree that the University of Gloucestershire can use my student number only for the purpose of obtaining exam results data to use as part of ongoing course evaluation. Signed: Date: 16 Please send your completed order form by post to: Kaplan Publishing Foulks Lynch, Unit 2 The Business Centre, Molly Millars Lane, Wokingham RG41 2QZ or by fax to 0118 979 7455 For all queries relating to this order please call our helpline on 0118 912 3000 ACCA Publications Student Order Form COLLEGE: Examination Date: Dec 06 Jun 07 Part 1 Paper 1.1 (UK) Paper 1.1 (Int) Paper 1.2 Paper 1.3 Part 2 Paper 2.1 Paper 2.2 Paper 2.3 Paper 2.3 Paper 2.4 Paper 2.5 (UK) Paper 2.5 (Int) Paper 2.6 (UK) Paper 2.6 (Int) Part 3 Paper 3.1 (UK) Paper 3.1 (Int) Paper 3.2 Paper 3.2 Paper 3.3 Paper 3.4 Course in a Box 35% STUDENT DISCOUNT UNIVERSITY OF GLOUCESTER Study Text Exam Kits (For Jun 07 exam) Pocket Notes (Text, Kit, Pocket Notes, Study Notes, Tests, Folder) Price Order Price £ Order Price £ Order Price £ Order Preparing Financial Statements Preparing Financial Statements Financial Information for Management Managing People 28.00 28.00 28.00 28.00 10.00 10.00 10.00 10.00 150.00 150.00 150.00 150.00 Information Systems Corporate and Business Law Business Taxation (FA2005) Dec06 exam Business Taxation (FA2006) Jun07 exam Financial Management and Control Financial Reporting Financial Reporting Audit and Internal Review Audit and Internal Review 28.00 28.00 26.00 28.00 28.00 28.00 28.00 28.00 28.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 28.00 28.00 26.00 28.00 28.00 28.00 10.00 10.00 10.00 10.00 10.00 10.00 150.00 150.00 150.00 150.00 150.00 150.00 28.00 10.00 150.00 Paper 3.6 (UK) Paper 3.6 (Int) Paper 3.7 Audit and Assurance Services Audit and Assurance Services Advanced Taxation (FA2005) Dec 06 Advanced Taxation (FA2006) Jun 07 Performance Management Business Information Management Strategic Business Planning and Development Advanced Corporate Reporting Advanced Corporate Reporting Strategic Financial Management 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 16.00 10.00 10.00 10.00 150.00 150.00 150.00 Oxford Brookes Project Guide 28.00 16.00 16.00 16.00 Bookkeeping Understanding Basic Bookkeeping Self Study with CD 45.00 Paper 3.5 28.00 28.00 28.00 SUB TOTAL £ LESS STUDENT 35% DISCOUNT PLUS DELIVERY CHARGE (£5 FOR UP TO 10 BOOKS) £ £ TOTAL PAYMENT £ Cardholder Details Name on card: …………………………………………………….............................. 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