Showing posts with label ACCA. Show all posts
Showing posts with label ACCA. Show all posts

Thursday, 23 January 2014

Exam Format 2014

Link:
http://www.accaglobal.com/gb/en/student/acca-qual-student-journey/exams/computer-based-exams/exam-format.html

FOUNDATION-LEVEL QUALIFICATIONS
ACCA will be introducing an improved student experience for all exams available by CBE. At the same time, for the ACCA qualification F1 - F3 and the Foundations in Accountancy equivalent exams (FAB, FMA and FFA) new question types, known as multi-task questions (MTQs) will be included as a section within the exam. MTQs contain a series of tasks which relate to one or more scenarios.

When MTQs are introduced, the structure of these exams will change so ensure you access the right support materials for the exam you are taking. Please note that the syllabus content will not change except for ACCA's normal annual updates.

These changes will be introduced into CBE exams on 26 February 2014, and they will be introduced into the paper exams in June 2014.

It should be noted that between the period of 1 February and 24 February, the CBEs for Foundation level exams (MA1, MA2, FMA, FA1, FA2, FFA and FAB) will be continue to be based on the 2013 syllabus and study guides. There is a system outage on 25 February for the update, and the 2014 syllabus and study guides will be examined from 26 February.

Note: The table below confirms the current exam formats and also the new exam formats that will be applicable from the targeted launch date of 26 February 2014. Take the time to familiarize yourself with the relevant exam structure and question types for the live exam you will be sitting.

FA1 & MA1

FA2 & MA2

FAB, FMA & FMA (totally same as ACCA F1 - F3)

F1, F2 & F3 (totally same as FAB, FMA & FFA)

Thursday, 3 October 2013

BSc (Hons) in Applied Accounting

ACCA and Oxford Brookes University have worked together to develop a BSc (Hons) in Applied Accounting, which is available exclusively to ACCA students who wish to obtain a degree while studying towards the ACCA Qualification.

Who can do it? 

Basically all ACCA students.
To be awarded the BSc (Hons) in Applied Accounting, you must:
  • Be eligible for the degree. This means you must be registered with Oxford Brookes University i.e. opted-in to the BSc degree scheme before passing any of the ACCA Fundamentals papers,  F7, F8 and F9 
  • Pass the three ACCA Fundamentals papers F7, F8 and F9 and pass other papers as required to successfully complete all nine Fundamentals level papers 
  • Complete the ACCA Professional Ethics module before submitting a Research and Analysis Project to Oxford Brookes University 
  • Complete and pass the Oxford Brookes University Research and Analysis Project 
The degree must be completed within 10 years of your start date onto the ACCA's professional qualification otherwise your eligibility will be withdrawn.

Assessment 

The Research and Analysis Project (RAP) is the final component of the BSc degree and consists of two separate documents; a 7,500 Research Report (RR) and a 2,000 word Skills and Learning Statement (SLS). The Research Report was previously at 6,500 words but this did not include words included in tables. As from the November 2013 submission (Period 27) this word count has been increased to an allowance of 7,500 words for everything from the start of the title page, to the end of the conclusions. The 7,500 word count for the Research Report does not include appendices or lists of references.

You are also required to give a presentation on the project to your project mentor.

You have three attempts to pass the RAP. Unfortunately, if you fail the RAP on three separate occasions you will no longer be eligible to complete the BSc degree. Please note that you can either submit the same project topic three times or three different RAPs.

To pass the RAP you must pass both the Research Report (RR) and the Skills and Learning Statement (SLS). If you do not pass both components separately within the same RAP submission you will be awarded a Fail grade for the RAP. 

You will be given one of three Pass grades (A, B or C) or a Fail grade (F) for the performance in the RR. You will be given either a Pass grade or a Fail grade for the performance in the SLS. 

If you achieve one of the three Pass grades for the RR and the Pass grade for the SLS, then a pass in the RAP will be awarded. The grade awarded to you for the performance in the RAP will be that awarded to you for the RR i.e. A, B or C. Once you have been awarded one of the three Pass grades for the RAP, then you cannot make any further RAP submissions.

If you are awarded either a Fail grade in the RR or a Fail grade in the SLS, then you will be awarded a Fail grade for the RAP. If you are awarded a Fail grade on the first RAP submission you will be allowed up to two further RAP submissions. 

Determination of class of degree

The class of BSc degree will be based on both:
  • The ACCA average mark determined from the exam marks in the Fundamentals Skills papers (F4–F9) 
  • The grade achieved for the Research and Analysis Project.
The ACCA average mark will be calculated by taking the numerical average of the marks achieved in the Fundamentals Skills papers (F4–F9) that you have sat and passed.

Where the calculated average mark is not a whole number, the calculated average will be rounded up or down accordingly. If you have been given an exemption from any of the three papers F4–F6, no mark is available and so will not be included in the calculation of the ACCA average mark. 

The class of degree for each combination of ACCA average mark and Research and
Analysis Project grade is shown below.


Project topic areas and titles

If you intend to submit a Research and Analysis Project (RAP) to Oxford Brookes University, Oxford Brookes University strongly recommends that you should choose one of the following twenty approved project topic areas as the basis for your RAP.
  1. An analysis and evaluation of an organisation’s budgetary control system and its links with performance management and decision making.
  2. An evaluation of how the introduction of a new technology can assist an organisation in achieving its business objectives.
  3. An assessment of the potential impact of an aspect of impending legislation on the operations and financial position of an organisation.
  4. A review of the business management and accounting issues of environmental costs of an organisation.
  5. An evaluation of the use of short term and long term Islamic financial instruments and their impact on the financial statements of an organisation. 
  6. A critical review of key factors or indicators in the motivation of employees in an organisation.
  7. A critical evaluation of the restructuring of an organisation’s operational activities and the effect on the organisation’s financial performance.
  8. An analysis and evaluation of the business and financial performance of an organisation over a three year period. 
  9. A critical evaluation of the planning and implementation of an information system in an organisation.
  10. A review of the effectiveness of the use of costing techniques within an organisation. 
  11. An investigation into the financial and operational costs and benefits of the internal audit / internal review activities within an organisation.
  12. An investigation into the possible effects of a proposed accounting standard on the financial statements and business activities of an organisation. 
  13. An evaluation of the contribution made by human resource activities to the attainment of business and financial objectives.
  14. An appraisal of the business and financial objectives of a strategic investment decision made by an organisation and its impact on key stakeholders.
  15. An analysis and evaluation of the management of an organisation’s working capital over a three year period and its impact on the organisation’s funding strategies.
  16. A critical evaluation of the financial and operational risk management within an organisation.
  17. An assessment of the quality of the corporate governance within an organisation and the impact on an organisation’s key stakeholders.
  18. A review of the marketing strategy of an organisation and its effectiveness.
  19. An analysis and evaluation of the financial and operational consequences of a merger between two organisations or of the acquisition of one organisation by another.
  20. An assessment of an organisation's corporate social responsibility policies, including business ethics, and their impact on business practice and key stakeholders.


Sources of Information:


ACCA Exam Fees 2013/2014


Exam Entry Deadline

Early        : 8th March / 8th September 
Standard  : 8th April / 8th October 
Late         : 8th May / 8th November 

December 2013 Exam Timetable

Have you mark your calendar?!

02/12/2013 (Monday)
F5 Performance Management
P7 Advanced Audit and Assurance 

03/12/2013 (Tuesday)
F6 Taxation
P4 Advanced Financial Management 

04/12/2013 (Wednesday)
F7 Financial Reporting 

05/12/2013 (Thursday)
F8 Audit and Assurance 
P5 Advanced Performance Management 

06/12/2013 (Friday)
F1 Accountant in Business
F9 Financial Management 
P6 Advanced Taxation 

09/12/2013 (Monday)
F4 Corporate and Business Law
P3 Business Analysis 

10/12/2013 (Tuesday)
F3 Financial Accounting
P2 Corporate Reporting 

11/12/2013 (Wednesday)
F2 Management Accounting
P1 Governance, Risks and Ethics