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ACCA Qualification Professional Qualification in Accounting and Finance

Is ACCA for you?

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

The Fundamentals Knowledge Level courses – Paper F1, F2, F3 are now available separately from the rest of the programme. During this course days you will familiarise yourself with ACCA, find out how we conduct our courses, have an opportunity to talk to our tutors and ask your own questions, and eventually be in a better position to decide if ACCA is for you.

What is ACCA?

The ACCA (The Association of Chartered Certified Accountants) qualification is one of the most highly respected and valued qualifications available internationally. It is recognised 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 by employers in industry, banking, auditing, consulting as well as other professions like taxation and law.

Who studies for the ACCA Qualification?

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.

Course timetable:

1

Course Location:

Warsaw

Wrocław

ACCA courses price

list – page 4

Opiekun Klienta

Warszawa

Anna Miłek

Tel. +48 22 579 8213

[email protected]

Wrocław

Beata Kaputa

Tel. +48 71 375 1006

[email protected]

[email protected]

EY Academy of Business

al. Armii Ludowej 26

00-609 Warszawa

Tel. + 48 22 579 8000

Fax + 48 22 579 8001

mailto:[email protected]


ACCA Qualification 2

www.academyofbusiness.pl © EY. All rights reserved. Ernst & Young Academy of Business sp. z o.o. | al. Armii Ludowej 26 | 00-609 Warszawa District Court for the City of Warsaw, Economic Dept. XII of the National Court Register; KRS: 0000158786, NIP: 526-26-970-16, Initial capital: 50,000 zł

Why the ACCA Qualification?

The ACCA syllabus is a comprehensive programme in financial management skills.

The ACCA Qualification takes the candidate to advanced levels in a variety of subjects such as:

► Financial Reporting under IFRS (International Financial Reporting Standards)

► Polish Tax

► Management Decision Making

► Financial Strategies

Candidates not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organisational management and strategy.

It therefore increases the career prospects of the employee and reduces training costs of the employer.

How long does it take to do the ACCA Qualification?

The ACCA programme consists of two parts, which are subdivided into a total of fourteen examinations. The number of course days is different for each part of the ACCA programme.

Those that hold relevant university degrees may be given exemptions from certain examinations. Depending on the number of exemptions, a candidate should expect to complete the programme in two to three years.

However no exemptions are given in any of the papers at the Professional Part.

We can assist you in applying for ACCA exemptions.

ACCA Examinations

Each ACCA paper has one exam. The examination sessions are organised directly by ACCA and take a place twice a year, in June and December throughout the world. Examinations in Poland take place in Warsaw and Cracow.

The courses and the examinations are conducted in English. The tables on pages 5-9 show the structure and content of the syllabus.

What does EY Academy of Bussiness offer?

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

We believe that when candidates start the ACCA programme it is essential that they get a strong grounding in Financial and Management Accounting and we achieve this through a series of intensive courses in papers F2 and F3.

The usual structure of courses (with the exception of papers F2 and F3) is a one or two-day introductory course (normally at weekends) to put candidates into context. A few weeks later there is a two-day mid-term course and before the exam there is a longer revision course during which the candidates practice exam questions. One month before the exam, candidates take our mock exam. This is conducted under exam conditions and its purpose is to give the candidates feedback before the real exam.

When and where are the courses?

ACCA courses are available in Warsaw and Wroclaw. The courses timetable is shown on page 11.



How much will it cost to do ACCA?

The course fee on a course day basis is shown on the next page. The costs relate to the period from 25 August 2013 up to 25 January 2014.

Fees are payable per examination session, in advance. In addition to the fee, there is the cost of books, registration with ACCA, annual subscription, administration and examination fee. Prices do not include accommodation fee.

Fees for ACCA for 2013 – given in Polish zloty (PLN)

Registration fee 425 PLN + 23% VAT

Annual Subscription 425 PLN + 23% VAT

Exam entry Early

(Applications up to 22nd August)

Standard

(Applications up to 14th September)

Late*

*this option only refers to

an individual enrollment through myACCA account

Fundamentals F1-F3 (per paper) PLN 340 + 23% VAT PLN 385 + 23% VAT

Fundamentals F4-F9 (per paper) PLN 430 + 23% VAT PLN 485 + 23% VAT PLN 1270

Professionals P1-P7 (per paper) PLN 495 + 23% VAT PLN 560 + 23% VAT PLN 1360

CBE – Computer Based Exam (Papers F1, F2, F3)

► 340 PLN + 23% VAT (within standard ACCA course or with books)

► 380 PLN + 23% VAT (exam only, without course and books)

► Administration PLN 470 + 23% VAT (when registering with ACCA, once-off)

► Administration PLN 235 + 23% VAT (each semester, half-yearly)

Set of books from Kaplan Publishing Foulks Lynch (per paper) 360 PLN + 5% VAT (while ordering the whole set).

Take advantage of our special offer! We are now offering a 20% discount on all ACCA books!

Offer valid until 1st

September!

motion! For the June 2013 exam we sell books at a discounted price. Now is 20% cheaper!

Kaplan Publishing books sold separately (per paper):

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

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

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

5% VA

Set of books for Paper F6 (Polish variant): PLN 299 (complete text and exam kit).



2013 – ACCA courses price list

ACCA ACCAdemia Number

Cost per course Cost per course of days (in PLN) (in PLN)

Fundamentals. Knowledge Level

F1 Accountant in Business AB 790+ VAT 790 + VAT 2

F2 Management Accounting MA 600 + VAT 600 + VAT 3

F3 Financial Accounting FA 700 + VAT 700 + VAT 4

Fundamentals. Skills Level

F4 Corporate and Business Law GL 1 750 + VAT 1 225 + VAT 5

F5 Performance Management PM 2 100 + VAT 1 470 + VAT 6

F5 Performance Management PM Revision Only

840 + VAT 588 + VAT 2

F6 Taxation TX 1 750+299* + VAT 1 225+299* + VAT 5

F6 Taxation TX (PL) Revision Only

875 + VAT 612 + VAT 2

F7 Financial Reporting FR 2 800 + VAT 1 960 + VAT 8

F7 Financial Reporting FR Revision Only

840 + VAT 588 + VAT 2

F8 Audit and Assurance AA 2 100 + VAT 1 470 + VAT 6

F8 Audit and Assurance AA Revision Only

840 + VAT 588 + VAT 2

F8 Audit and Assurance AA Wrocław 1 550 + VAT 1 089 + VAT 4

F9 Financial Management FM 2 100 + VAT 1 470 + VAT 6

F9 Financial Management FM REVISION ONLY

840 + VAT 588 + VAT 2

14 930 + VAT 10 950 + VAT 45

Professional. Essentials

P1 Governance, Risk and Ethics 2 240 + VAT 1 570 + VAT 4

P2 Corporate Reporting CR 4 250 + VAT 2 975 + VAT 7

P3 Business Analysis BA 2 240 + VAT 1 570 + VAT 4

Professional. Options

P4 Advanced Financial Management AFM 4 250 + VAT 2 975 + VAT 7

P5 Advanced Performance Management APM 2 800 + VAT 1 960 + VAT 5

P7 Advanced Audit and Assurance AAA 1 680 + VAT 1 175 + VAT 3

Total fee for courses

15 780 + VAT 11 050 + VAT 27

30 710 + VAT 22 000 + VAT 72

All prices are net prices. For all the prices we charge VAT of 23%.

* Do Paper F6 (podatki, polski wariant) nie ma możliwości zakupienia podręczników Kaplan Publishing Foulks Lynch. Materiały szkoleniowe rozdawane na kursie pełnią rolę książek. Ich cena została doliczona do kosztów szkolenia; nie ma możliwości z ich rezygnacji.



What does the cost of the course cover?

► Training from 9:00 to 17:00

► Learning materials

► Hot-line – secure & constant contact with lecturer

► Mock examination

► CBE – Computer Based Exams: F1, F2, F3 – at a discounted price (look at information on page 4)

► Snacks during breaks. Including: 11:00 fresh doughnuts and at 13:00 sandwiches

► Tea, coffee and water throughout the day

How to apply?

If you are interested in the ACCA programme and you wish to start, please complete the attached application form on the last page and return it to us by fax +48 22 579 8001 as soon as possible. Applications will be accepted on a first come first served basis.

If you would like to receive more information, please contact us on: +48 22 579 8000 or send us an e-mail: [email protected]

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

ACCademia - Discount on training for the young and ambitious university graduates Promotion applies to all graduates under the age of 28 years. .

Take & Pass – 60%discount on

repeated training

CBE – Computer Based Exams F1, F2, F3 at a discounted price for all course participants

20% discount on ACCA books

until 1st September

We currently have additional special offers!


http://www.academyofbusiness.pl/



2013 ACCA courses timetable The dates given below are provisional and may be subject to change

ACCA courses are organized in Warsaw and in Wrocław.

All candidates, irrespective of exemptions, are advised to take courses on papers F3 and F2 as they are core and are essential knowledge for the higher papers - fewer course days are taken for the higher papers. Additionally, the candidates will benefit immensely from practising examination techniques at this foundation level. Successful completion of the above stage will ensure success in ACCA

Warszawa

Every course in Wrocław will take place only if a group of minimum 10 people will be present.

There is the possibility to purchase the mock examination without ta king part In the course. The cost of it would be 129 PLN + 23% VAT.

For those taking part in the course the mock exams are free of charge.

Mock exams in Warsaw will take place:

From 9th to 11th November between 9:00-12:15 and 12:30-15:45

*Mock exam Wrocław – ‘Take-home exams’ or if an individual meeting with the consultant is arranged.

Fundamentals. Knowledge Level Module 1 Module 2 Module 3

F3 Financial Accounting FA gr A 16-17 November (Sat-Mon) 7-8 December (Sat-Sun) ----------

F2 Management Accounting MA gr A 14-16 December (Sat-Mon) ---------- ----------

F1 Accountant in Business AB ---------- ----------

Fundamentals. Skills Level

F4 Corporate and Business Law GL 14-16 September (Sat-Mon) 12-13 October (Sat-Sun) ----------

F5 Performance Management PM 28-29 September (Sat-Sun) 19-20 October (Sat-Sun) 16-17 November (Sat-Sun)

F6 Taxation TX 21-23 September (Sat-Mon) 26-27 October (Sat-Sun) ---------

F7 Financial Reporting FR 6-8 September (Fri-Sun) 4-6 October (Fri-Sun) 9-10 November (Sat-Sun)

F8 Audit and Assurance AA 21-22 September (Sat-Sun) 12-13 Octoberl (Sat-Sun) 23-24 November (Sat-Sun)

F9 Financial Management FM 14-15 September (Sat-Sun) 19-20 October (Sat-Sun) 9-10 November (Sat-Sun)

Professional. Essentials

P1 Governance, Risk and Ethics 5 -6 October (Sat-Sun) 26-27 October (Sat-Sun) ----------

P2 Corporate Reporting CR 6-8 September (Fri-Sun) 19-20 October (Sat-Sun) 23-24 November (Sat-Sun)

P3 Business Analysis BA 21-22 September (Sat-Sun) 16-17 November (Sat-Sun) ----------

Professional. Options

P4 Advanced Financial Management AFM 28-30 September (Sat-Mon) 26-27 October (Sat-Sun) 16-17 November (Sat-Sun)

P5 Advanced Performance Management APM

12-14 October (Sat-Mon) 9-10 November (Sat-Sun) ----------

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

Wrocław

Fundamentals. Knowledge Level Module 1 Module 2 Module 3

F8 Audit and Assurance AA 26- 29 October (Sat-Mon) --------- ----------

F5 Performance Management PM 4-7 April (Fri-Mon) ---------- ----------



ACCA Qualification syllabus

Fundamentals

Paper F1

Accountant in Business AB

Business organisation structure, governance and management: The business organisation and its

structure; The formal and informal business organization; Organisational culture in business; Stakeholders of business organizations; Information technology and information systems in business; Committees in the business organization; Business ethics and ethical behaviour; Governance and social responsibility in business.

Key environmental influences and constraints on business and accounting: Political and legal

factors; Macro-economic factors; Social and demographic factors; Technological factors; Competitive factors.

History and role of accounting in business: The history and function of accounting in business; Law

and regulation governing accounting; 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 external auditing and their functions; Internal financial control and security within business organizations; Fraud and fraudulent behaviour and their prevention in business.

Leading and managing individuals and teams: Leadership, management and supervision; Individual

and group behaviour in business organizations; Team formation, development and management; Motivating individuals and groups.

Recruiting and developing effective employees: Recruitment and selection, managing diversity, and

equal opportunity; Techniques for improving personal effectiveness at work and their benefits; Features of effective communication; Training, development, and learning in the maintenance and improvement of business performance; Review and appraisal of individual performance.

Paper F2

Management Accounting MA

The nature and purpose of cost and management accounting: Accounting for management; Cost and

management accounting versus financial 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 spreadsheets.

Cost accounting techniques: Accounting for materials; Accounting for labour; Accounting for overheads;

Marginal and absorption costing; 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; Basic variance analysis under absorption and marginal costing; Reconciliation of budgeted profit to actual profit.

Short-term decision-making technique: Cost-volume-profit analysis; Relevant costing; Limiting factors.

Paper F3

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 of financial 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 accounting records and sources of information; Ledger accounts, books of prime entry, and journals; Accounting systems and the impact of information 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 structure and finance costs.

Preparing a trial balance: Trial balance; Correction of errors; Control accounts and reconciliations; Bank

reconciliations; Suspense accounts.

Preparing basic financial statements: Balance sheets; Income statements; Events after the balance

sheet date; Accounting for partnerships; Cash flow statements (excluding partnerships); Incomplete records.



Fundamentals

Paper F 4

Corporate and

Business Law

GLO

Essential elements of legal systems: Economic, Political and Legal Systems; Different legal systems;

International trade, international legal regulation and conflict of law; Alternative Dispute Resolution

mechanisms and the UNCITRAL Model Law on International Commercial Arbitration.

International business transactions: Introduction to the United Nations Convention on Contract for the

International Sale of Goods and ICC Inco terms; Formation of contract; Obligations of the seller;

Obligations of the buyer; Provisions common to both the seller and the buyer, 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; The constitution 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 and resolutions.

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 F 5

Performance

Management

PM

Specialist cost and management accounting techniques: Activity-based costing; Target costing; Life-

cycle costing; Back-flush accounting; 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 and yield 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 F 6

Taxation TX PL

► Operation of the Polish tax system

► Computation of tax liability of individuals and corporations

► VAT, Chargeable Gains, ZUS

Paper F 7

Financial

Reporting FR

IFRS

A conceptual framework for financial reporting: The need for a conceptual framework;

Understandability, relevance, reliability and comparability; 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 financial liabilities; Leases; Provisions, contingent liabilities, and contingent assets;

Impairment of assets; Taxation; Regulatory requirements relating 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 of consolidated financial statements including an associate

Analysing 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.



Fundamentals

Paper F 8

Audit and

Assurance AA

Audit Framework and Regulation: The concept of audit and other assurance engagements; Statutory

audits; The regulatory environment 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 internal audit 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 the risks 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; The evaluation 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 of testing; 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 F 9

Financial

Management

FM

Financial management function: The nature and purpose of financial management, Financial objectives

and relationship with corporate strategy; 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, accounts receivable, 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; Discounted cash 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 and dividend policy; Gearing and capital structure considerations ; Finance for

Small and Medium-size Entities (SMEs).

Cost of capital: Sources of finance and their relative costs; Estimating the cost of equity; Estimating the

cost of debt and other capital instruments; Estimating the overall cost of capital; Capital structure theories

and practical considerations; Impact of cost of capital on investments.

Business valuations: Nature and purpose of the valuation of business and financial assets; Models for

the valuation of shares; The valuation 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 interest rate fluctuations; Hedging techniques for foreign currency risk;

Hedging techniques for interest rate risk.



Professional

Essentials

Paper P 1

Governance, Risk and Ethics

Governance and responsibility: The scope of governance; Agency relationships and theories; The board of

directors; Board committees; Directors’ remuneration; Different approaches to corporate governance; Corporate governance and corporate social responsibility; Governance: reporting and disclosure.

Internal control and review: Management control systems in corporate governance; Internal control, audit

and compliance in corporate governance; 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 measurement of 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 public interest; Professional practice and codes of ethics; Conflicts of interest and the consequences of unethical behaviour; Ethical characteristics of professionalism.

Paper P 2

Corporate Reporting CR IFRS

The professional and ethical duty of the accountant: Professional behaviour and compliance with

accounting standards; Ethical requirements of corporate reporting and the consequences of unethical behaviour; Social responsibility.

The financial reporting framework: The contribution and limitations of financial statements in meeting the

needs of users’ and capital 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; Segment reporting; 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 and medium sized entities (SMEs).

Implications of changes in accounting regulation on financial reporting; The effect of changes in accounting standards on accounting systems; Proposed changes to accounting standards.

The appraisal of financial performance and position of entities: The creation of suitable accounting

policies; Analysis and interpretation of 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 P 3

Business Analysis BA

Strategic position: The need for, and purpose of, strategic and business analysis; Environmental issues

affecting the strategic position of 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 role of process and process change initiatives; Improving the processes of the organization; Software solutions.

Information technology: Principles of e-business; E-business application: upstream supply chain

management; E-business application: downstream supply chain management; E-business application: customer relationship management.

Quality issues: Quality control, quality assurance, and quality management systems; Quality in the

information systems development lifecycle; Quality initiatives: Six-Sigma.

Project management: 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; Financial implications of making strategic choices and of implementing strategic actions.

People: Strategy and people: leadership; Strategy and people: performance management; Strategy and

people: reward management; Strategy and people: job design; Strategy and people: staff development.



Professional

Options

Paper P 4

Advanced Financial Management AFM

Role and responsibility towards stakeholders: Conflicting stakeholder interests; The role and responsibility

of senior financial executive/advisor; Impact of environmental issues on corporate objectives and on governance; Financial strategy formulation; Ethical issues in financial management.

Advanced investment appraisal: Discounted cash flow techniques and the use of free cash flows; Impact of

financing on investment decisions and adjusted present values; Application of option pricing theory in investment decisions; International investment and financing 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 financial derivatives to hedge against forex risk; The use of financial derivatives to hedge against interest rate risk; Other forms of risk; Dividend policy in multinationals and transfer pricing.

Economic environment for multinationals: Management of international trade and finance; Strategic

business and financial planning for multinationals.

Emerging issues in finance and financial management: Developments in world financial markets; Financial

engineering and emerging derivative products; Developments in international trade and finance.

Paper P 5

Advanced Performance Management APM

Strategic planning and control: Introduction to strategic management accounting; Appraisal of alternative

approaches to budgeting for control; Changes in business structure and management accounting ; Effect of Information Technology (IT) on modern management accounting.

Economic, fiscal and environmental factors: Impact of world economic and market trends; Impact of

national fiscal and monetary policy on performance; Other environmental and ethical issues.

Performance measurement systems and design: Management accounting and information systems;

Internal sources of management information; External sources of management information; Recording and processing methods; Management reports.

Strategic performance measurement: Performance hierarchy; Scope of strategic performance measures in

private sector; Strategic performance issues in complex business structures; Divisional performance and transfer pricing issues; Scope of strategic performance measures 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 in management accounting techniques; Current issues and trends in

performance management.

Paper P 7

Advanced Audit and Assurance AAA

Regulatory Environment: International regulatory frameworks for audit and assurance services; Money

laundering; Laws and regulations.

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; Professional appointments.

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; Forensic audits; 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.



Application form

We kindly ask you to complete the application form and send by fax to 22 579 8001 or by email to [email protected] After we receive the form we will put you on the F2 and F3 courses participants list. Details regarding registration in ACCA in the U.K will be sent via email.

Name & Surname

Position

Mailing Address

Telephone no.

e-mail:

Address for Invoice

If you are already registered in ACCA, please provide us with the following information:

► Your ACCA registration number:

► Date of birth

I confirm my attendance (please tick the chosen options):

in courses in Warsaw Paper F2 Paper F3

I am ordering the set of books for Paper F2 F3

Take advantage of our special offer! We are now offering a 20% discount on all ACCA books!

Offer valid until 1st

September!

Warunki uczestnictwa w szkoleniach Ernst & Young Academy of Business sp. z o.o.:

► Na tydzień przed szkoleniem otrzymają Państwo fakturę pro-forma - warunkiem uczestnictwa jest przesłanie faksem kopii płatności. Opłata powinna być dokonana poprzez przekaz bankowy do HSBC Bank Polska, nr rachunku (PLN): 61 1280 0003 0000 0031 1251 3031. Po dokonaniu płatności otrzymają Państwo fakturę VAT.

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► Uprzejmie informujemy, iż nieobecność na szkoleniu nie stanowi podstawy do zwrotu należności za szkolenie.

► Bezkosztowa anulacja z udziału w szkoleniu możliwa jest po otrzymaniu pisemnej rezygnacji uczestnika na minimum 7 dni roboczych przed rozpoczęciem szkolenia. W przypadku braku pisemnej rezygnacji z zachowaniem wymaganego terminu, uczestnik ponosi koszt 100% ceny szkolenia.

► Ernst & Young Academy of Business sp. z o.o. zastrzega sobie prawo do odwołania lub zmiany terminu szkolenia.

W trybie art. 10 ust. 2 ustawy z dnia 18 lipca 2002 roku o świadczeniu usług drogą elektroniczną (Dz. U. Nr 144 poz. 1204), wyrażam zgodę na otrzymywanie od Ernst & Young Academy of Business sp. z o.o., drogą elektroniczną na wskazany powyżej adres elektroniczny, informacji dotyczących tego szkolenia jak i informacji o innych produktach szkoleniowych. Wyrażam również zgodę na przetwarzanie moich danych osobowych dla potrzeb niezbędnych do otrzymywania informacji z firmy Ernst & Young Academy of Business sp. z o.o., ul. Armii Ludowej 26, 00-609 Warszawa (zgodnie z Ustawą z 29.08.1997r. o Ochronie Danych Osobowych, Dz. U. 2002 nr 101 poz. 926, ze zm). Równocześnie oświadczam, iż poinformowano mnie o przysługującym mi prawie odwołania udzielonej zgody, co spowoduje niezwłoczne zaprzestanie przesyłania mi informacji handlowych

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