ACCA - Ernst & Young Academy of Business€¦ · ACCA is a comprehensive program in which emphasis...

ACCATake a stepin the right direction.

ContactKatarzyna DygaczTel. +48 797 305 [email protected]

Tabl

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cont

ents

1-4Basic information aboutACCA

5-6Classroom trainings

7-8E-learning courses

9-11Exams

12Registration andadditional information

13-17ACCA Qualificationsyllabus

ACCA is a professional qualifications for managing the modern organization

The ACCA Qualification is one of the most highly respected and valued qualifications available internationally. It isrecognised by member states of the European Union.

Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand byemployers in industry, banking, auditing, consulting as well as other professions like taxation and law.

The ACCA Programme is most suitable for those that aspire to become professionals in any sector of business.

University graduates of any discipline can join the programme.

No previous knowledge of accounting or finance is required

Take a step in the right direction!

We are giving you a brochure, which will enable you to find out about ACCA first hand.

Why EY Academy of Business?We are the leader of ACCA stationary courses on the Polish market.

We have the best tutors.

NEW! On-line courses - you can attend the course in real time

Competences are very important!

1

ACCA is a comprehensive program in which emphasis is placed on both the financial management skills andmanagement strategies for decision makers. Thus, participation in the program expands the professional knowledge ofemployees while at the same time reduces the additional cost of training borne by the employer.

Course participants gain knowledge at an advanced level, including:

► International Financial Reporting Standards (IFRS) - FA, FR, SBR► Performance Management - MA, PM, FM, APM► Financial Strategies and Business Strategies (IT, Marketing, HR) - AB, SBL, AFM► Tax Law - TX► Corporate and Business Law - LW

The number of training days differs between papers. Course participants should spend on average a minimum of eight hoursper week of self-study. The duration of the program, from its inception to passing the final examinations averages betweentwo and a half to four years.

ACCA students have a maximum of 7 years to complete all the exams since the beginning of Professional Level.

Both the courses and the exams are conducted in English. The content of the ACCA program is given in the tableon pages 13 - 17.

ACCA Subjects

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AppliedKnowledge

q Accountantin Business

q ManagementAccounting

q Financial Accounting

Applied Skills(Optional BSc)

q Corporate andBusiness Law

q PerformanceManagement

q Taxation

q Financial Reporting

q Audit and Assurance

q FinancialManagement

StrategicProfessional

(Optional MSc)

q Strategic BusinessLeader

q Strategic BusinessReporting

ESSENTIALS

q Advanced FinancialManagement

q Advanced PerformanceManagement

q Advanced Taxation

q Advanced Audit andAssurance

OPTIONS(PICK TWO)

ExperienceThree years of revelantwork experience

Ethics andProfessionalSkills module

ACCAQualified

ProfessionalAccountant

3

EY RepresentationYou can register for ACCA exams and courses through your chosen website or through EYAcademy of Business.

Participation in the ACCA Program with EY as your representative and administration through usis only possible if you choose a minimum of one course per semester.

If you choose registration through EY Academy we will administer all your studies and instead ofyou dealing with ACCA administration, you contact us and we will do it all for you.

We assist in all matters relating to ACCA over the course of your studies.

We deal with all issues associated with the ACCA registration, exams and annual fees. You areregistered under a special code and all correspondence with ACCA passes through us.

Invoices are sent to you always at the beginning of the semester for all costs associated withyour participation in the program (course fees, books, examinations and administration). Feesfor exams must be sent to us (earlier than if you were dealing with ACCA directly).

Registration fee

Administration fees

Annual Subscription

EY Administration with registration newcandidate in ACCA

EY Administration

Exemption fee: AB, MA, FA

Exemption fee: LW

440 PLN + 23% VAT

510 PLN + 23% VAT

570 PLN + 23% VAT

235 PLN + 23% VAT

390 PLN + 23% VAT

515 PLN + 23% VAT

Kaplan booksThe Kaplan Publishing textbook pack (including electronic version of the book) and aninteractive Text which allows students to click around the content) costs 360 PLN + 5% VAT

Price per textbook:

• Complete text 215 PLN + 5% VAT

• Exam kit 110 PLN + 5% VAT

• Pocket notes 75 PLN + 5% VAT

There is a possibility of purchasing training materials to Paper TX (taxes, Polish variant) for299 PLN + 23% VAT

ATTENTION: Ordered books have to be collected within the month after the order date(course participants can collect books in our office during classes)

4

Our courses are intensive and are specially designed to help the candidate apply examinationtechnique.

We believe that when candidates start the ACCA programme it is essential that they get a stronggrounding in Financial and Management Accounting by attending our intensive courses in papersMA and FA.

The intensive introductory courses prepare participants very well for the MA and FA examinations.

The usual structure of courses (with the exception of papers MA and FA) is a one or two-dayintroductory course (normally at weekends) to put candidates into context. A few weeks laterthere is a two-day mid-term course. Before the exam there is a longer revision course during whichthe candidates practice exam questions. One month before the exam, candidates take our MockExam (a Practice Exam). This is conducted under exam conditions and its purpose is to give thecandidates feedback before the real exam.

u Module 1 – one- or two-day introductory training, in which participants practice exam tasksusing their newly acquired knowledge. Self-study manuals and training materials to be used athome are distributed

u Module 2– a two-day refresher course supplementing the knowledge gained in module 1.Usually organized in two or three weeks before the Mock Exam

u Module 3 – attention is focused on the more difficult subjects while continuing the practicing atthe level of the examination; drilling down to the detail and reviewing knowledge and examtechnique

u Mock exam – before the exam, all ACCA course participants take a trial exam, which is designedto test their existing knowledge and their skill of examination technique. The same rules applyas in the real exam. It is the best exercise before the actual exam

Hot-line: participants are in constant contact with their trainers via e-mail in order to have supportfor their home study.

During the course, we provide: energy donuts in the morning, sandwiches at noon and tea/coffeethroughout the day.

What EY Academy of Business offer

Structure of the course

5

Classes will be held in Warsaw.

Schedule of classroom training

As the leader on the Polish market, actually we have the on-line courses (you can attend thecourses in real time.

Applied skills

Performance Management PM 27-28 October(Sat-Sun)

24-26 November(Sat-Mon) ------------

Taxation TX 19-21 October(Fri-Sun)

17-18 November(Sat-Sun) ------------

Financial Reporting FR 20-22 October(Sat-Mon)

9-11 November(Fri-Sun)

17-18 November(Sat-Sun)

Financial Management FM 19-21 October(Fri-Sun)

9-11 November(Fri-Sun) ------------

Strategic Professional. Essential

Strategic Business Reporting SBR 19-21 October(Fri-Sun)

10-12 November(Sat-Mon)


Strategic Business Leader SBL 26-28 October(Fri-Sun)

23-25 November(Fri-Sun) ------------

Strategic Professional. Options

Advanced Financial ManagementAFM

26-28 October(Fri-Sun)



Advanced PerformanceManagement APM

20-21 October(Sat-Sun)

10-12 November(Sat-Mon) ------------

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The prices are net plus VAT of 23%

**For Paper F6 (taxes, Polish variant) there is no possibility to buy textbooks by Kaplan Publishing Foulks Lynch.Training materials distributed at the course play the role of books. Their price has been added to the cost of

training; there is no possibility of their resignation.**Online – you can attend the course in real time (dates as given in the table)

ACCACost per course

(in PLN)

Numberof days

Fundamentals. Skills Level

Performance Management PMSzkolenie stacjonarne lub online** 2 100 + VAT 5

Performance Management PM RevisionOnly 840 + VAT 2

Taxation TXSzkolenie stacjonarne lub online** 2 399* + VAT 5

Taxation TX (PL) Revision Only 1 139* + VAT 2

Financial Reporting FRSzkolenie stacjonarne lub online** 2 800 + VAT 8

Financial Reporting FR Revision Only 840 + VAT 2

Financial Management FMSzkolenie stacjonarne lub online** 2 100 + VAT 6

Financial Management FM Revision only 840 + VAT 2

Strategic Professional. Essentials

Strategic Business ReportingSzkolenie stacjonarne lub online** 4 500 + VAT 8

Strategic Business LeaderSzkolenie stacjonarne lub online** 4 500 + VAT 6

Strategic Professional. Options

Advanced Financial Management AFMSzkolenie stacjonarne lub online** 4 500 + VAT 8

Advanced Performance Management APMSzkolenie stacjonarne lub online** 3 000 + VAT 5

ACCA courses price list

7

Why choose the ACCA e-learning package?

u Study at homeu In your own time, on your own termsu Online access to all the training materials you needu Explanation of exam structure and techniquesu Examples of questions and answers from the examu Information on how ACCA exams are checked and marked

Start the ACCA e-learning course today and get the knowledge,skills and assistance you need to pass!

ACCA e-learning packagesKAPLAN + EY Academy ’Exam

Technique’ part

You can order via:elearning-academyofbusiness.pl

For ACCA subjects:Papers MA, FA, PM, AA & SBR, APM

ACCA e-learning packages KAPLAN

You can order via:[email protected]

For ACCA subjects:Papers AB, LW, TX (int), FR, FM, AFM, AAA

ACCA e-learning

ACCA e-learning packagefrom Kaplan plus video of EY

Academy support

950 PLN + 23% VAT

Minimum package

Video of EY Academy tutorsupport

+ mock exam390 PLN + 23% VAT

Minimum package PLUSstreaming

E-learning KAPLAN+ mock exam

+ 2-day revisiononline in real time

1590 PLN + 23% VAT

Kaplan ACCA e-learning

950 PLN + 23% VAT

Kaplan ACCA e-learningPLUS

only for course: TX, FR, FM,SBL, AFM

+ 2-day revision àonline in real time

1590 PLN + 23% VAT

Access to the above courses is for a half year.

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1. Three ACCA Kaplan Publisher books:

u Complete textu Exam Kitu Pocket Notes

2. EN-gage online access for the Texts,including:

u an online versions of the booku extra multiple-choice testing with

instant feedback

3. EN-gage online access for the Exam Kits,including:

u an online version of the booku tutor debriefs on selected timed

questionsu extra question assistance and tutorial

notesu articles relating to the examu recent official questions and answers

For: AB, LW, TX (int), FR, FM, SBL, SBR, AFM, AAA

For: MA, FA, PM, AA & APMyou get extra

The ACCA e-learning package consists of

Video of EY Academy Support!

u ePrep tutor videos on exam technique and paper-specific exam preparationu Extra exam question practice with full tutor feedbacku Marked Mock Exams

4. Lecturers’ Resource Pack access,including:

u Study Notesu PowerPoint Slidesu Mock Examsu Interim and Final Assessmentsu Question Banks

5. Access to ACCA Online Standard tuitionmaterials, including:

u Subject Overview Tutorialsu Study Planner and Guide to Studyu Extra Study Notes to use alongside the

booku Key Topics Video Tutorials (approx. 16

hours per paper of expert tutors talkingthrough key course content)

u Audio Debriefs on key examinableareas

u Question Debriefs, where a tutor talksstudents through a model answer

E-learning – course which prepare you for FAPrepared by tutors from EY Academy of Business

It is a course on e-learning platform which include:• 32 hours of video material• Course materials• Set tasks• Tutor notes• Set of Kaplan Publishing textbooks

In the following link a demo of the training is available:http://elearning-academyofbusiness.pl/basic-accounting/

You can order via: elearning-academyofbusiness.pl

E-learning, which EY Academy of Business prepared for you is a reflection of the exchangerate fixed. We are constantly developing our offer to make learning more accessible andconvenient as at your fingertips.

Each ACCA paper has one exam. The examination sessions are organised directly by ACCA andtake place four times a year, in March, June, September and December throughout the world.The examinations as well as the courses are conducted in English.

Graduates of economics, accounting or related degrees at Bachelor or Master level mayapply for ACCA exemptions from the first exams (AB, MA, FA,LW) List of colleges andcourses accredited by ACCA is published on the website:https://portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx

Applicants to the program can instantly see which items will receive a waiver.

Tax advisors receive an exemption from the subject TX.

Those who have a certificate of passing 10 exams for Polish Statutory Accountant canreceive an exemption from all parts of Fundamentals.

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ACCA Examinations

Exemptions from examinations

Examination entry – September 2018 session

All prices are established according to the HSBC selling rate is medium price of selling in June 2018 plus 7% of exchange differences.

EgzaminyEarly entry

Till 7th of May 2018

Standard entryTill 23th of July 2018

Late entry**available only through yourpersonal myACCA account

6th of Agust 2018

Applied Skills exams• Performance Management (PM)• Taxation (TX)• Financial Reporting (FR)• Audit and Assurance (AA)• Financial Management (FM)

PLN 540 + 23% VAT PLN 568 + 23% VAT PLN 1453 + 23% VAT

Strategic Professional (essentials)• Strategic Business Leader


Strategic Professional (essentials)• Strategic Business Reporting


Strategic Professional (options)• Advanced Financial Management (AFM)• Advanced Performance Management (APM)• Advanced Taxation (ATX)• Advanced Audit and Assurance (AAA)


Cost of ACCA exams

EgzaminyEarly entry

Till 7th of August 2018

Standard entryTill 23th of October

2018

Late entry**available only throughyour personal myACCA

account

5th of November 2018Applied Skills exams

• Performance Management (PM)• Taxation (TX)• Financial Reporting (FR)• Audit and Assurance (AA)• Financial Management (FM)


Strategic Professional (essentials)• Strategic Business Leader


Strategic Professional (essentials)• Strategic Business Reporting


Strategic Professional (options)• Advanced Financial Management (AFM)• Advanced Performance Management (APM)• Advanced Taxation (ATX)• Advanced Audit and Assurance (AAA)


Examination entry – December 2018 session

All prices are established according to the HSBC selling rate is medium price of selling in June 2018 plus 7% of exchange differences.

Examination entry - December 2018 session

Monday3rd of December

Thuesday4th of December

Wednesday5th of December

Thursday6th of December

Friday7th of December

• Audit andAssurance

• Advanced Auditand Assurance

• Strategic BusinessLeader

• PerformanceManagement

• AdvancedPerformanceManagement

• FinancialReporting

• Strategic BusinessReporting

• FinancialManagement

• AdvancedFinancialManagement

Examination entry - September 2018 session

Monday3rd of September

Thuesday4th of September

Wednesday5th of September

Thursday6th of September

Friday7th of September

• Audit andAssurance

• Advanced Auditand Assurance

• Strategic BusinessLeader

• PerformanceManagement

• AdvancedPerformanceManagement

• FinancialReporting

• Strategic BusinessReporting

• FinancialManagement

• AdvancedFinancialManagement

Dates of ACCA exams

CBE EXAMS

If you want to sign for the CBE exam please contact Bartosz Wasiak [email protected]

Costs of Computer Based Exam

Exam PriceApplied Knowledge exams

• Accountant in Business (AB)

• Management Accounting (MA)

• Financial Accounting (FA)

PLN 390 + 23% VAT

Applied Skills exams• Corporate and Business Law

PLN 470 + 23% VAT

We accept only bank transfers. At the start of every semester we ask about your plans regarding the nextexamination session. Upon receipt of a written declaration – how many exams you are planning on sitting in a givensemester and what courses you plan on attending - we send you a pro forma invoice. Once payment is made, we senda VAT invoice.

*60% discount is calculated from our standard ACCA prices.Ask your consultant about the details.

We

curr

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yha

vesp

ecia

loff

ers! Take & Pass –

60% discount on all repeatedcourses

If you are interested in the ACCA programme and you wish to start, please complete the application form on ourwebsite: https://www.academyofbusiness.pl/en/courses/register/acca,1/Applications will be accepted on a first come first served basis.

You are more than welcome to use our web site www.academyofbusiness.pl

Registration and additional information

The course will be organized in Warsaw (Lecha Kaczyńskiego 26, Focus building)

The courses run from 9 am to 4.30 pm. Two breaks for coffee and snacks are scheduled during the day.

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Fundamentals

Accountant in Business | AB

Business organisation structure, governance and management: The business organisation and its structure; The formal and informalbusiness organization; Organisational culture in business; Stakeholders of business organizations; Information technology andinformation systems in business; Committees in the business organization; Business ethics and ethical behaviour; Governance andsocial responsibility in business.Key environmental influences and constraints on business and accounting: Political and legal factors; Macro-economic factors; Socialand demographic factors; Technological factors; Competitive factors.History and role of accounting in business: The history and function of accounting in business; Law and regulation governingaccounting; Financial systems, procedures and IT applications; The relationship between accounting and other business functions.Specific functions of accounting and internal financial control: Accounting and finance functions within business; Internal and externalauditing and their functions; Internal financial control and security within business organizations; Fraud and fraudulent behaviour andtheir prevention in business.Leading and managing individuals and teams: Leadership, management and supervision; Individual and group behaviour in businessorganizations; Team formation, development and management; Motivating individuals and groups.Recruiting and developing effective employees: Recruitment and selection, managing diversity, and equal opportunity; Techniques forimproving personal effectiveness at work and their benefits; Features of effective communication; Training, development, and learningin the maintenance and improvement of business performance; Review and appraisal of individual performance.

Management Accounting | MA

The nature and purpose of cost and management accounting: Accounting for management; Cost and management accounting versusfinancial accounting.Cost classification, behaviour and purpose: Production and non-production costs; Direct and indirect costs; Fixed and variable costs.Business mathematics and computer spreadsheets: Dealing with uncertainty; Statistics for business; Use of computer spreadsheet,Cost accounting techniques: Accounting for materials; Accounting for labour; Accounting for overheads; Marginal and absorptioncosting; Job and batch costing; Process costing; Service / operation costing.Budgeting and standard costing: Nature and purpose of budgeting; Functional budgets; Flexible budgets and standard costing; Basicvariance analysis under absorption and marginal costing; Reconciliation of budgeted profit to actual profit; Behavioural aspects ofbudgeting; Performance measurement overview, application, monitoring and performance.Capital budgeting and discounted cash flow analysis: Investment appraisal using NPV, IRR, Payback, and ROI.

Financial Accounting | FA

The context and purpose of financial reporting: The reasons for, and objectives of, financial reporting; Users’ and stakeholders’ needs;The main elements of financial reports; The regulatory framework.The qualitative characteristics of financial information and the fundamental bases of accounting: The qualitative characteristics offinancial reporting; Alternative bases used in the preparation of financial information.The use of double-entry and accounting systems: Double-entry book-keeping principles including the maintenance of accountingrecords and sources of information; Ledger accounts, books of prime entry, and journals; Accounting systems and the impact ofinformation technology on financial reporting.Recording transactions and events: Sales and purchases; Cash; Inventory; Tangible non-current assets; Depreciation; Intangible non-current assets and amortization; Accruals and prepayments; Receivables and payables; Provisions and contingencies; Capital structureand finance costs.Preparing a trial balance: Trial balance; Correction of errors; Control accounts and reconciliations; Bank reconciliations; Suspenseaccounts.Preparing basic financial statements: Balance sheets; Income statements; Events after the balance sheet date; Accounting forpartnerships; Cash flow statements (excluding partnerships); Incomplete records; Prepare simple consolidated financial statements;Interpretation of financial statements.

ACCA Qualification syllabus

13

Fundamentals

Corporate and Business Law | LW

Essential elements of legal systems: Economic, Political and Legal Systems; Different legal systems; International trade, internationallegal regulation and conflict of law; Alternative Dispute Resolution mechanisms and the UNCITRAL Model Law on InternationalCommercial Arbitration.International business transactions: Introduction to the United Nations Convention on Contract for the International Sale of Goods andICC Inco terms; Formation of contract; Obligations of the seller; Obligations of the buyer; Provisions common to both the seller and thebuyer, the passage of risk; Transportation documents; Means of payment.International business forms: Agency; Partnerships.The formation and constitution of joint stock companies: Corporations and legal personality; The formation of the company; Theconstitution of the company.Capital and the financing of companies: Share capital; Loan capital; Capital maintenance and dividend law.Management, administration and regulation of companies: Company directors; Other company officers; Company meetings andresolutions.Legal implications relating to companies in difficulty or in crisis: Insolvency; Alternatives to winding up.Governance and ethical issues relating to business: Corporate governance; Fraudulent behaviour.

Performance Management | PM

Specialist cost and management accounting techniques: Activity-based costing; Target costing; Life-cycle costing; Environmentalaccounting; Throughput accounting.Decision-making techniques: Multi-limiting factors and the use of linear programming and shadow pricing; Pricing decisions; Make-or-buy and other short-term decisions; Dealing with risk and uncertainty in decisionmaking.Budgeting: Objectives; Budgetary systems; Types of budget; Quantitative analysis in budgeting; Behavioural aspects of budgeting.Standard costing and variance analysis: Budgeting and standard costing; Basic variances and operating statements; Material mix andyield variances; Planning and operational variances; Behavioural aspects of standard costing.Performance measurement and control: The scope of performance measurement; Divisional performance and transfer pricing;Performance analysis in not-for-profit organisations and the public sector; External considerations and behavioural aspects.

Taxation | TX PL

The Polish tax system: Function and purpose of taxation in modern economies and specifically Poland.Computation of tax liability of individuals and corporations:various sources of income whether personal or corporate; Exemptions and reliefs.ZUS: Scope; Contributions for employed persons; Other contributions; health service contributions.VAT: Scope; Registration; Computation of liability; Penalties

Financial Reporting | FR

A conceptual framework for financial reporting: The need for a conceptual framework; Understandability, relevance, reliability andcomparability; Recognition and measurement; The legal versus the commercial view of accounting; Alternative models and practices;The concept of ‘faithful representation’ (‘true and fair view’).A regulatory framework for financial reporting: Reasons for the existence of a regulatory framework; The standard setting process;Specialised, not-for-profit, and public sector entities.Financial statements: Cash flow statements; Tangible non-current assets; Intangible assets; Inventory; Financial assets and financialliabilities; Leases; Provisions, contingent liabilities, and contingent assets; Impairment of assets; Taxation; Regulatory requirementsrelating to the preparation of financial statements; Reporting financial performance.Business combinations: The concept and principles of a group; The concept of consolidated financial statements; Preparation ofconsolidated financial statements including an associateAnalysing and interpreting financial statements: Limitations of financial statements; Calculation and interpretation of accounting

ratios and trends to address users’ and stakeholders’ needs. Limitations of interpretation techniques;Specialised, not-for-profit, and public sector entities.


14

Fundamentals

Audit and Assurance | AA

Audit Framework and Regulation: The concept of audit and other assurance engagements; Statutory audits; The regulatoryenvironment and corporate governance; Professional ethics and ACCA’s Code of Ethics and Conduct.

Internal audit: Internal audit and corporate governance; Differences between external and internal audit; The scope of the internalaudit function; Outsourcing the internal audit department; Internal audit assignments.

Planning and risk assessment: Objective and general principles; Understanding the entity and knowledge of the business; Assessing therisks of material misstatement and fraud; Analytical procedures; Planning an audit; Audit documentation; The work of others.

Internal control: Internal control systems; The use of internal control systems by auditors; Transaction cycles; Tests of control; Theevaluation of internal control components; Communication on internal control.

Audit evidence: The use of assertions by auditors; Audit procedures; The audit of specific items; Audit sampling and other means oftesting; Computer-assisted audit techniques; Not-for-profit organisations.

Review: Subsequent events; Going concern; Management representations; Audit finalisation and the final review.

Reporting: Audit reports; Reports to management; Internal audit reports.

Financial Management | FM

Financial management function: The nature and purpose of financial management, Financial objectives and relationship with corporatestrategy; Stakeholders and impact on corporate objectives; Financial and other objectives in not-for-profit organisations.

Financial management environment: The economic environment for business; The nature and role of financial markets and institutions.

Working capital management: The nature, elements and importance of working capital; Management of inventories, accountsreceivable, accounts payable and cash; Determining working capital needs and funding strategies.

Investment appraisal: The nature of investment decisions and the appraisal process; Non-discounted cash flow techniques; Discountedcash flow (DCF) techniques; Allowing for inflation and taxation in DCF; Adjusting for risk and uncertainty in investment appraisal;Specific investment decisions (lease or buy; asset replacement, capital rationing).

Business finance: Sources of, and raising short-term finance; Sources of, and raising long-term finance; Internal sources of finance anddividend policy; Gearing and capital structure considerations ; Finance for Small and Medium-size Entities (SMEs); Islamic Finance.

Cost of capital: Sources of finance and their relative costs; Estimating the cost of equity; Estimating the cost of debt and other capitalinstruments; Estimating the overall cost of capital; Capital structure theories and practical considerations; Impact of cost of capital oninvestments.

Business valuations: Nature and purpose of the valuation of business and financial assets; Models for the valuation of shares; Thevaluation of debt and other financial assets; Efficient market hypothesis (EMH) and practical considerations in the valuation of shares.

Risk management: The nature and types of risk and approaches to risk management; Causes of exchange rate differences and interestrate fluctuations; Hedging techniques for foreign currency risk; Hedging techniques for interest rate risk.


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Strategic Professional - essentials

Strategic Business Leader | SBL

Leadership: Qualities of leadership; Leadership and organisational culture; Professionalism, ethical codes and the public interestGovernance: Agency; Stakeholder analysis and organisational social responsibility; Governance scope and approaches; Reporting tostakeholders; The board of directors; Public sector governanceRisk: Identification, assessment and measurement of risk; Managing, monitoring and mitigating riskTechnology and data analytics: Cloud and mobile technology; Big data and data analytics; E- business: value chain; IT systems securityand controlOrganisational control and audit: Management and internal control systems; Audit and compliance; Internal control and managementreportingFinance in planning and decision-making: Finance function; Financial analysis and decisionmaking techniques; Cost and managementaccountingInnovation, performance excellence and change management: Enabling success: organizing; Enabling success: disruptive technologies;Enabling success: talent management; Enabling success: performance excellence; Managing strategic change; Innovation and changemanagement; Leading and managing projectsProfessional skills: Communication; Commercial acumen; Analysis; Scepticism; Evaluation

Strategic Business Reporting | SBR

Fundamental ethical and professional principles: Professional behaviour and compliance with accounting standards; Ethicalrequirements of corporate reporting and the consequences of unethical behaviorThe financial reporting framework: The applications, strengths and weaknesses of an accounting frameworkReporting the financial performance of a range of entities: Revenue; Non-current assets; Financial instruments; Leases; Employeebenefits; Income taxes; Provisions, contingencies and events after the reporting date; Share-based payment; Fair ValueMeasurement; Reporting requirements of small and medium-sized entities (SMEs)Financial statements of groups of entities: Group accounting including statements of cash flows; Associates and joint arrangements;Changes in group structures; Foreign transactions and entitiesInterpret financial statements for different stakeholders: Analysis and interpretation of financial information and measurement ofperformanceThe impact of changes in accounting regulation: Discussion of potential solutions to current issues in financial reporting


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Professional - options

Advanced Financial Management | AFM

Advanced Performance Management | APM

Strategic planning and control: Introduction to strategic management accounting; Appraisal of alternative approaches to budgeting forcontrol; Changes in business structure and management accounting ; Effect of Information Technology (IT) on modern managementaccounting.Economic, fiscal and environmental factors: Impact of world economic and market trends; Impact of national fiscal and monetary policyon performance; Other environmental and ethical issues.Performance measurement systems and design: Management accounting and information systems; Internal sources of managementinformation; External sources of management information; Recording and processing methods; Management reports.Strategic performance measurement: Performance hierarchy; Scope of strategic performance measures in private sector; Strategicperformance issues in complex business structures; Divisional performance and transfer pricing issues; Scope of strategic performancemeasures in not-for-profit organizations; Behavioural aspects of performance measurement.Performance evaluation and corporate failure: Alternative views of performance measurement; Non-financial performance indicators;Predicting and preventing corporate failure.Current developments and emerging issues in management accounting and performance management: Current developments inmanagement accounting techniques; Current issues and trends in performance management.

Role and responsibility towards stakeholders: Conflicting stakeholder interests; The role and responsibility of senior financialexecutive/advisor; Impact of environmental issues on corporate objectives and on governance; Financial strategy formulation; Ethicalissues in financial management.Advanced investment appraisal: Discounted cash flow techniques and the use of free cash flows; Impact of financing on investmentdecisions and adjusted present values; Application of option pricing theory in investment decisions; International investment andfinancing decisions; Impact of capital investment on financial reporting.Acquisitions and mergers: Acquisitions and mergers versus other growth strategies; Valuation for acquisitions and mergers;Regulatory framework and processes; Financing acquisitions and mergers.Corporate reconstruction and re-organisation: Predicting corporate failure; Financial reconstruction; Business re-organisation.Treasury and advanced risk management techniques: The role of the treasury function in multinationals; The use of financialderivatives to hedge against forex risk; The use of financial derivatives to hedge against interest rate risk; Other forms of risk; Dividendpolicy in multinationals and transfer pricing.Economic environment for multinationals: Management of international trade and finance; Strategic business and financial planning formultinationals.Emerging issues in finance and financial management: Developments in world financial markets; Financial engineering and emergingderivative products; Developments in international trade and finance.

Advanced Audit and Assurance | AAA

Regulatory Environment: International regulatory frameworks for audit and assurance services; Money laundering; Laws andregulations.Professional and Ethical Considerations: Code of Ethics for Professional Accountants; Fraud and error; Professional liability.Practice Management: Quality control; Advertising, publicity, obtaining professional work and fees; Tendering; Professionalappointments.Assignments: The audit of historical financial information including; Planning, materiality and assessing the risk of misstatement;Evidence; Evaluation and review; Group audits; Audit-related services; Assurance services; Prospective financial information; Forensicaudits; Internal audit; Outsourcing.Reporting: Auditor’s reports; Reports to management; Other reports.Current Issues and Developments: Professional, ethical and corporate governance; Information technology; Transnational audits;Social and environmental auditing; Other current issues.


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ACCA - Ernst & Young Academy of Business€¦ · ACCA is a comprehensive program in which emphasis...

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