ACCA in good companyCompetence counts!

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

The Fundamentals Knowledge Level courses – Papers F1, F2, F3 are now availableseparately from the rest of the programme. During these course days you will familiariseyourself with ACCA, find out how we conduct our courses, have an opportunity to talk toour tutors and ask your own questions, and eventually be in a better position to decideif ACCA is for you.

ACCA is a professional qualifications for managing the modern organization

The ACCA Qualification is one of the most highly respected and valued qualificationsavailable internationally. It is recognised by member states of the European Union.Gaining such a qualification is evidence that the holder possesses skills and knowledgewhich are in high demand by employers in industry, banking, auditing, consulting as wellas other professions like taxation and law.

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

University graduates of any discipline can join the programme.No previous knowledge of accounting or finance is required.

Contact us:

WarsawJolanta WójcikTel. +48 22 579 8213jolanta.wojcik@pl.ey.com

WrocławKatarzyna Pudelskatel. +48 510 210 305katarzyna.pudelska@pl.ey.com

P3BusinessAnalysis

ACCA Subjects

ACCA is a comprehensive program inwhich emphasis is placed on both thefinancial management skills andmanagement strategies for decisionmakers. Thus, participation in theprogram expands the professionalknowledge of employees while at thesame time reduces the additional cost oftraining borne by the employer.Course participants gain knowledge at anadvanced level, including:

• International Financial ReportingStandards (IFRS) - F3, F7, P2

• Performance Management - F2, F5,F9, P5

• Financial Strategies and BusinessStrategies (IT, marketing, HR) - F1,P3, P4

• Tax law - F6

• Corporate and Business law - F4

The number of training days differsbetween papers. Course participantsshould spend on average a minimum ofeight hours per week of self-study. Theduration of the program, from itsinception to passing the finalexaminations averages between two anda half to four years.

ACCA students have a maximum of 10years to complete all the exams.

Both the courses and the exams areconducted in English. The content of theACCA program is given in the table onpages 8-12.

Fund

amen

tals

Kno

wle

dge

Fund

amen

tals

Ski

llsP

rofe

ssio

nal

Ess

enti

alP

rofe

ssio

nal

Opt

iona

l

P1ProfessionalAccountant

P5Advanced

PerformanceManagement

P4AdvancedFinancial

Management

P2CorporateReporting

P7AdvancedAudit andAssurance

P6AdvancedTaxation

F5PerformanceManagement

F9Financial

Management

F2ManagementAccounting

F7FinancialReporting

F3Financial

Accounting

F1AccountantIn Business

F8Audit andAssurance

F4Corporate

and BusinessLaw

F6Taxation

ACCA ExaminationsEach ACCA paper has one exam. Theexamination sessions are organiseddirectly by ACCA and take place twice ayear, in June and December throughoutthe world.

The examinations as well as the coursesare conducted in English. The tables onpages 8-12 show the structure andcontent of the syllabus.

Exemptions fromexaminationsGraduates of economics, accounting orrelated degrees at Bachelor or Masterlevel may apply for ACCA exemptionsfrom the first exams (F1 to F4). List ofcolleges and courses accredited by ACCAis published on the website:https://portal.accaglobal.com/accrweb/faces/page/public/accreditations/enquiry/main/EnqInstitutionsTable.jspx

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

Tax advisors receive an exemption fromthe subject F6.

Those who have a certificate of passing10 exams for Polish Statutory Auditorcan receive an exemption from all partsof Fundamentals (F1 to F9).

Exemptions are possible only in theFundamentals level. No exemptions aregranted in the professional section.

What EY Academy ofBusiness offerOur courses are intensive and arespecially designed to help the candidateapply examination technique.

We believe that when candidates startthe ACCA programme it is essential thatthey get a strong grounding in Financialand Management Accounting byattending our intensive courses in papersF2 and F3.

The intensive introductory coursesprepare participants very well for the F2and F3 examinations.

The usual structure of courses (with theexception of papers F2 and F3) is a oneor two-day introductory course (normallyat weekends) to put candidates intocontext. A few weeks later there is a two-day mid-term course. Before the examthere is a longer revision course duringwhich the candidates practise examquestions. One month before the exam,candidates take our Mock Exam (aPractice Exam ). This is conducted underexam conditions and its purpose is togive the candidates feedback before thereal exam.

Structure of the course:

• Module 1: one- or two-dayintroductory training, in whichparticipants practise exam tasksusing their newly acquiredknowledge. Self-study manuals andtraining materials to be used athome are distributed.

• Module 2: a two-day refreshercourse supplementing theknowledge gained in module 1.Usually organized in two or threeweeks before the Mock Exam.

• Mock exam: five or six weeksbefore the exam, all ACCA courseparticipants take a trial exam,which is designed to test theirexisting knowledge and their skill ofexamination technique. The samerules apply as in the real exam. It isthe best exercise before the actualexam.

• Module 3: attention is focused onthe more difficult subjects whilecontinuing the practicing at thelevel of the examination; drillingdown to the detail and reviewingknowledge and exam technique.

• Hot-line: participants are inconstant contact with their trainersvia e-mail in order to have supportfor their home study.

During the course, we provide: energydonuts in the morning, sandwiches atnoon and tea/coffee throughout theday.

A detailed schedule of our courses isshown on page 7.

ExaminationsEarly registration

Deadline: 20 AugustRegular registration

Deadline: 30 September

Late registration**available only throughyour personal myACCA

account

Fundamentals F1-F3 (per paper) PLN 450 + 23% VAT PLN 480 + 23% VAT --

Fundamentals F4-F9 (per paper) PLN 570 + 23% VAT PLN 610 + 23% VAT PLN 1495

Professionals P1-P7 (per paper) PLN 660 + 23% VAT PLN 710 + 23% VAT PLN 1701

ACCAdemy for FutureManagersThe ACCAdemy of Future Managersis a special offer for people who havecompleted university education but areunder the age of 28. We offer a 30%discount for such young graduates.

The program is intended for people whoplan their future in a professionalbusiness environment. Universitygraduates have the opportunity tofinance their ACCA courses themselvesand this will open the door to careers inevery field of business.

The discount is granted for the entireACCA course provided there is nointerruption of attending courses formore than two semesters in a row.

EY Representation

You can register for ACCA exams andcourses through your chosen website orthrough EY Academy of Business.

Participation in the ACCA Program withEY as your representative andadministration through us is only possibleif you choose a minimum of one courseper semester.

If you choose registration through us weadministrate all your studies and insteadof you dealing with ACCA administration,you contact us and we will do it all foryou.

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

We deal with all issues associated withthe ACCA registration, exams and annualfees. You are registered under a specialcode and all correspondence with ACCApasses through us.

Invoices are sent to you always at thebeginning of the semester for all costsassociated with your participation in theprogram (course fees, books,examinations and administration). Feesfor exams must be sent to us earlierthan if you were dealing with ACCAdirectly.

InvestmentBelow you can find information on examination fees, books and representation.Fees are charged in advance for each subsequent semester on the basis of a pro-forma invoice.Prices for individual modules can be found on page 5.ACCA fees for 2015 in PLN*

Registration fee 500 PLN + 23% VAT (to be paid once)Annual Subscription 525 PLN + 23% VAT (to be paid each year)

* All prices are established according to the HSBC selling rate on 24 August 2015 plus 7% of exchange differences. Prices arein force up to 30 September 2015. In case of significant rate fluctuations of the pound prices are subject to change.

CBE – Computer Based Exam costsF1, F2, F3 - 375 PLN + 23% VATF4 – 460 PLN + 23% VAT

Administration by EY 470 PLN + 23% VAT (one time, when registering a candidate with ACCA)Administration by EY 235 PLN + 23% VAT (each semester)

ACCACost per course

(in PLN)

ACCAdemiaCost per course

(in PLN)

Numberof days

Fundamentals. Knowledge LevelF1 Accountant in Business AB 790 + VAT 790 + VAT 2F2 Management Accounting MA 600 + VAT 600 + VAT 3F3 Financial Accounting FA 700 + VAT 700 + VAT 4Fundamentals. Skills LevelF4 Corporate and Business Law GL 1 650 + VAT 1 155 + VAT 4F5 Performance Management PM 2 100 + VAT 1 470 + VAT 6F5 Performance Management PMRevision Only 840 + VAT 588 + VAT 2

F6 Taxation TX 2049* + VAT 1524* + VAT 5F6 Taxation TX (PL)Revision Only 1139* + VAT 887* + VAT 2

F7 Financial Reporting FR 2 800 + VAT 1 960 + VAT 8F7 Financial Reporting FRRevision Only 840 + VAT 588 + VAT 2

F8 Audit and Assurance AA 2 100 + VAT 1 470 + VAT 6F8 Audit and Assurance AARevision Only 840 + VAT 588 + VAT 2

F9 Financial Management FM 2 100 + VAT 1 470 + VAT 6F9 Financial Management FMREVISION ONLY 840 + VAT 588 + VAT 2

14 889 + VAT 11 139 + VAT 44Professional. EssentialsP1 Governance, Risk and Ethics 2 240 + VAT 1 570 + VAT 4P2 Corporate Reporting CR 4 250 + VAT 2 975 + VAT 7P2 Corporate Reporting CRRevision Only 1 457 + VAT 1020 + VAT 2

P3 Business Analysis BA 2 240 + VAT 1 570 + VAT 4Professional. OptionsP4 Advanced Financial Management AFM 4 250 + VAT 2 975 + VAT 7P5 Advanced Performance Management APM 2 800 + VAT 1 960 + VAT 5P7 Advanced Audit and Assurance AAA 1 680 + VAT 1 175 + VAT 3

Total fee for courses15 780 + VAT 11 050 + VAT 2730 669 + VAT 22 189 + VAT 71

The Kaplan Publishing textbook pack costs 360 PLN + 5% VAT. Our promotional price is 288 PLN + 5% VAT (This is special offervalid 14 August 2015)

Price per textbook:

Complete text 215 PLN + 5% VAT price with a discount 172 PLN + 5% VAT

Exam kit 110 PLN + 5% VAT price with a discount 88 PLN + 5% VAT

Pocket notes 75 PLN + 5% VAT price with a discount 60 PLN + 5% VAT

There is a possibility of purchasing training materials to Paper F6 (taxes, Polish variant) for 299 PLN + 5% VAT

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

2015 – ACCA courses price list

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. Trainingmaterials distributed at the course play the role of books. Their price has been added to the cost of training; there is nopossibility of their resignation.

What does the paymentcover?► Training from 9:00 to 16:30► Learning materials► Hot-line – secure & constant contact

with trainer► Mock examination► Snacks during breaks. Including: 11:00

fresh doughnuts and fruits and at13:00 sandwiches and yoghurts

► Tea, coffee and water throughout theday

Payment methodWe accept only bank transfers. At thestart of every semester we ask aboutyour plans regarding the nextexamination session. Upon receipt of awritten declaration – how many examsyou are planning on sitting in a givensemester and what courses you plan onattending - we send you a pro formainvoice. Once payment is made, we senda VAT invoice.

During one examination session, you cansit up to 4 exams.

RegistrationIf you are interested in the ACCAprogramme and you wish to start, pleasecomplete the attached application formon the last page and return it to us by fax+48 22 579 8001 as soon as possible.Applications will be accepted on a firstcome first served basis.

If you would like to receive moreinformation, please contact us on:+48 22 579 8000 or send us an e-mail:academyofbusiness@pl.ey.com

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

*60% discount is calculated from our standard ACCA prices (not ACCAdemia).Ask your consultant about the details.

We

curr

entl

yha

vesp

ecia

loff

ers!

60% discount on all repeatedcourses

\

Take & Pass –

CBE – Computer basedexams F1, F2, F3, F4 at a

discounted price

20% discount on ACCA bookstill 14 August 2015

1 2

3 4

ACCAdemy - discount ontraining for the young and

ambitious university graduates

Promotion applies to graduatesunder the age of 28

*The course will take a place with a group of at least 10 people

You can sign up for the ACCA mock examat the price of:129 PLN + 23% VAT each exam

Mock exams are free of charge for ourcourse participants.

Mock exams dates in Warsaw:Between 5-9 November 2015

Fundamentals. Knowledge Level Module 1 Module 2 Module 3 (Revision)

*F1 Acccountant in Business AB 4-5 July 2015 (Sat-Sun)

F2 Management Accounting MA 12-14 December (Sat-Mon) ---------- ----------

F3 Financial Accounting 5-6 December (Sat-Sun) 16-17 January (Sat-Sun) ----------

Fundamentals. Skills Level

*F4 Corporate and Business Law GL 19-20 September (Sat-Sun) 10-11 October (Sat-Sun) ----------

F5 Performance Management PM 26-27 September (Sat-Sun) 17-18 October (Sat-Sun) 14-15 November (Sat-Sun)

F6 Taxation TX 11-13 September (Fri-Sun) 24-25 October (Sat-Sun)

F7 Financial Reporting FR 5-7 September (Sat-Mon) 10-12 October (Sat-Mon) 7-8 November (Sat-Sun)

F8 Audit and Assurance AA 12-13 September (Sat-Sun) 17-18 October (Sat-Sun) 21-22 November (Sat-Sun)

F9 Financial Management FM 19-20 September (Sat-Sun) 3-4 October (Sat-Sun) 15-16 November (Sun-Mon)

Professional. Essentials Module 1 Module 2 Module 3

P1 Governance, Risk and Ethics 24-25 October (Sat-Sun) 21-22 November (Sat-Sun) ----------

P2 Corporate Reporting CR 5-7 September (Sat-Mon) 3-4 October (Sat-Sun) 14-15 November (Sat-Sun)

P3 Business Analysis BA 12-13 September (Sat-Sun) 7-8 November (Sat-Sun) ----------

Professional. Options

P4 Advanced Financial Management AFM 25-27 September (Fri-Sun) 17-18 October (Sat-Sun) 13-14 November (Fri-Sat)

P5 Advanced Performance Management APM 10-12 October (Sat-Mon) 7-8 November (Sat-Sun) ----------

P7 Advanced Audit and Assurance AAA ---------- ---------- ----------

ACCA Qualification syllabus

Fundamentals

Paper F1Accountant 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.

Paper F2Management 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.

Paper F3Financial Accounting FAThe 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

Fundamentals

Paper F4Corporate and Business Law GLO

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.

Paper F5Performance 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 decision- making.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.

Paper F6Taxation TX PLThe 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 andreliefs.ZUS: Scope; Contributions for employed persons; Other contributins; health servive contributions.VAT: Scope; Registration; Computation of liability; Penalties

Paper F7 Financial Reporting FR IFRS

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

ACCA Qualification syllabus

Fundamentals

Paper F8Audit 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.

Paper F9Financial 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.

ACCA Qualification syllabus

Professional - essentials

Paper P1Governance, Risk and Ethics

Governance and responsibility: The scope of governance; Agency relationships and theories; The board of directors; Boardcommittees; Directors’ remuneration; Different approaches to corporate governance; Corporate governance and corporate socialresponsibility; Governance: reporting and disclosure.Internal control and review: Management control systems in corporate governance; Internal control, audit and compliance in corporategovernance; Internal control and reporting; Management information in audit and internal control.Identifying and assessing risk; Risk and the risk management process; Categories of risk; Identification, assessment and measurementof risk.Controlling risk: Targeting and monitoring risk; Methods of controlling and reducing risk; Risk avoidance, retention and modelling.Professional values and ethics: Ethical theories; Different approaches to ethics and social responsibility; Professions and the publicinterest; Professional practice and codes of ethics; Conflicts of interest and the consequences of unethical behaviour; Ethicalcharacteristics of professionalism.

Paper P2Corporate Reporting CR IFRS

The professional and ethical duty of the accountant: Professional behaviour and compliance with accounting standards; Ethicalrequirements of corporate reporting and the consequences of unethical behaviour; Social responsibility.The legal and financial reporting framework: The contribution and limitations of financial statements in meeting the needs of users’ andcapital markets; The applications, strengths and weaknesses of an accounting framework; Critical evaluation of principles and practices.Reporting the financial performance of entities: Performance reporting; Non-current assets; Financial instruments; Leases; Segmentreporting; Employee benefits; Income taxes; Provisions, contingencies and events after the balance sheet date; Related parties; Share-based payment.Financial statements of groups of entities: Group accounting including cash flow statement; Continuing and discontinued interests;Changes in group structures; Foreign transactions and entities.Specialised entities: Financial reporting in specialised, not-for-profit and public sector entities; Reporting requirements of small andmedium sized entities (SMEs).Implications of changes in accounting regulation on financial reporting; The effect of changes in accounting standards on accountingsystems; Proposed changes to accounting standards.The appraisal of financial performance and position of entities: The creation of suitable accounting policies; Analysis and interpretationof financial information and measurement of performance.Current developments: Environmental and social reporting; Convergence between national and international reporting standards;Comparison of national reporting requirements; Current reporting issues.

Paper P3Business Analysis BA

Strategic position: The need for, and purpose of, strategic and business analysis; Environmental issues affecting the strategic positionof an organization; Competitive forces affecting an organization; Marketing and the value of goods and services; The internal resources,capabilities and competences of an organization; The expectations of stakeholders and the influence of ethics and culture.Strategic choices: The influence of corporate strategy on an organization; Alternative approaches to achieving competitive advantage;Alternative directions and methods of development; Strategic action.Organising and enabling success: Managing strategic change; Understanding strategy development; Business process change; The roleof process and process change initiatives; Improving the processes of the organization; Software solutions.Information technology: Integrate appropriate information technology solutions; basic hardware and software infrastructure requiredto support business information systems and to support the organisation’s strategy; Identify and analyse general informationtechnology controls and application controls required for effective accounting information systems; Analyse the adequacy of generalinformation technology controls and application controls for relevant application systems; Evaluate controls over the safeguarding ofinformation technology assets to ensure the organisational ability to meet business objectives.E-business: E-business principles and application: upstream supply chain management; downstream supply chain management;customer relationship management; e-marketingProject management: Principles of project management to enable the implementation of aspects of the organisation’s strategy with thetwin objectives of managing risk and ensuring benefits realisation. Identifying and initiating projects; Managing and leading projects;Monitoring, controlling and concluding projects.Financial Analysis: The link between strategy and finance; Finance decisions to formulate and support business strategy; Financialimplications of making strategic choices and of implementing strategic actions; forecasting techniques used in business analysis andstrategy developent.People: Strategy and people: leadership;performance management; job design; staff development.

ACCA Qualification syllabus

Professional - options

Paper P4Advanced Financial Management AFM

Paper P5Advanced 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.

Paper P7Advanced 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.

ACCA Registration FormKindly, fill in this form and send it by e-mail: jolanta.wojcik@pl.ey.com or academyofbusiness@pl.ey.com

I/We, the undersigned …………………………………………………………………………...…………………………………………………………………with no. ACCA registration ……………...…………………………………….……………………………………………………………………………….date of birth ………………………………………………………………………………………............................................................E-mail, tel. …………………………………………………………………………………………………………………………………………….

I confirm participation in the COURSES* preparing for exams: (Please enter symbols and numbers of individual items)

Paper: ………………………… Paper .............................................. Paper .............................. Paper ...........................

I choose the place of training: � � o Warsaw

People choosing courses from F5 to F9 and P2 in Warsaw, please provide the following information:I want to participate in: the whole course r I will attend only Revision classes r*Reservation of places on first-come-first-served basis

I would like to order ACCA books to prepare for the exam:

u Paper: .......... r complete set r complete text r exam kit r pocket notes

u Paper: .......... r complete set r complete text r exam kit r pocket notes

u Paper: .......... r complete set r complete text r exam kit r pocket notes

u Paper: .......... r complete set r complete text r exam kit r pocket notes

I’ll pickup myself r Delivery by courier (15 PLN net) r

Service Administration + annual premium membership ACCA 2016 �rPlease register me for the EXAMS (please enter symbols and numbers of selected items)

Paper: ………………… Paper ........................................... Paper ....................................... Paper ...........................

I choose examination centre in:Gdańsk r Kraków r Poznań r Warszawa r Wrocław r r Other (please specify) .....................

Please register me to CBE EXAM (Computer Based Exam) **Paper F1 r Paper F2 r Paper F3 r Paper F4 r** We will contact you in order to determine the date

Please issue an invoice for the above mentioned services:

Name & Surname: ……………………………………………………………………………………………………………………………………..Address: …………………………………………………………………………………………………………………………………………..NIP: ............... ……………………………………….................................................................................and send to the address (if different from above):..........................................................................................................................................................................................................................................................................................

Before signing this Enrolment Form, students are reminded to ensure that they have read all the terms of their enrolment with EY Academyof Business (see below) in particular clauses concerning refunds, deferments, waivers, course transfers and visa applications (when applicable).

Signature & company stamp

I give my consent for an electronic invoiceo No o Yes to be sent to e-mail:

Terms and conditions of taking part in Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. (before Ernst & Young Academy of Business sp. z o.o.) In order totake part in the course, the above form must be filled out and sent via e-mail to: academyofbusiness@pl.ey.com or by fax: 22 579 80 01.§ The payment for the course must be settled at least 5 business days prior to the commencement of the course.§ The payment should be settled through a bank transfer. Account details are as follows: HSBC Bank Polska account number (PLN):

61 1280 0003 0000 0031 1251 3031.

Terms and conditions of cancelling participation Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. (before Ernst & Young Academy of Business sp. z o.o.)courses:§ It is possible to withdraw from the course upon receipt of a written resignation at least 7 days prior to the commencement of the course. If the deadline is missed, the participant must

pay the full fee of the course.§ The cancelation of participation in the course does not result in refund of the payment. However, it is possible to replace the participant unable to attend.§ Please note that absence at the course training does not provide a basis for reimbursement for training.§ Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. (before Ernst & Young Academy of Business sp. z o.o.) reserves the right to cancel or reschedule the

training.§ In accordance with art. Paragraph 10. 2 of the Act of 18 July 2002 on electronic services (Journal of Laws No. 144, item. 1204), I agree to receive information from Ernst & Young

Academy of Business Ltd., by email to the above given e-mail, information regarding the course as well as information about other training products. I also agree to the processing of mypersonal data for purposes of obtaining information from Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. (before Ernst & Young Academy of Businesssp. z o.o.) al. Armii Ludowej 26, 00-609 Warsaw (according to the Law of 29.08.1997. Data Protection, Coll. Laws of 2002 No. 101, item. 926, as amended). At the same time I declarethat I have been informed of my right to appeal an approval, which will result in the immediate termination of the sending of commercial information.

I hereby declare that I have read and accept the above terms and conditions.

Date