acca - academyofbusiness.pl · acca students have a maximum of 7 years to complete all the exams...
TRANSCRIPT
ACCA is a professional qualifications for managing the modern organization
The ACCA Qualification is one of the most highly respected and valued qualifications availableinternationally. 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 highdemand by employers in industry, banking, auditing, consulting as well as other professions like taxationand law.
The ACCA Programme is most suitable for those that aspire to become professionals in any sector ofbusiness.
University graduates of any discipline can join the programme.
No previous knowledge of accounting or finance is required.
Worth a try!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!
P3BusinessAnalysis
ACCA is a comprehensive program in which emphasis is placed on both the financial management skillsand management strategies for decision makers. Thus, participation in the program expands theprofessional knowledge of employees while at the same time reduces the additional cost of training borneby the employer.Course participants gain knowledge at an advanced level, including:
u International Financial Reporting Standards (IFRS) - F3, F7, P2
u Performance Management - F2, F5, F9, P4, P5
u Financial Strategies and Business Strategies (IT, Marketing, HR) - F1, P3, P4
u Tax Law - F6
u Corporate and Business Law - F4
The number of training days differs between papers. Course participants should spend on average aminimum of eight hours per week of self-study. The duration of the program, from its inception to passingthe final examinations averages between two and a half to four years.
ACCA students have a maximum of 7 years to complete all the exams since the beginning of ProfessionalLevel.
Both the courses and the exams are conducted in English. The content of the ACCA program is given inthe table on pages 15 - 19.
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
F6Taxation
F2ManagementAccounting
F7FinancialReporting
F3Financial
Accounting
F1AccountantIn Business
F8Audit andAssurance
F4Corporate
and BusinessLaw
ACCA Subjects
You can register for ACCA exams and courses through your chosen website or through EY Academy ofBusiness.
Participation in the ACCA Program with EY as your representative and administration through us is onlypossible 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 of youdealing 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 are registeredunder 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 with yourparticipation in the program (course fees, books, examinations and administration). Fees for examsmust be sent to us (earlier than if you were dealing with ACCA directly).
EY Representation
Each ACCA paper has one exam. The examination sessions are organised directly by ACCA and takeplace four times a year, in March, June, September and December throughout the world.
The examinations as well as the courses are conducted in English.
!From June 2017 is possibility to take CBE exams of F5 – F9 – the dates of exams are the same asseassion
!From June 2018 will obligatory to pass every exams of F5-F9 in CBE
The special prices for the exemptions from F1-F4*
* The offer is valid untill 30.03.2018
Graduates of economics, accounting or related degrees at Bachelor or Master level may apply for ACCAexemptions from the first exams (F1 to F4). List of colleges and courses accredited by ACCA ispublished 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 F6.
Those who have a certificate of passing 10 exams for Polish Statutory Accountant can receive anexemption from all parts of Fundamentals (F1 to F9).
Exemptions are possible only in the Fundamentals level. No exemptions are granted in the Professionalsection.
ACCA Examinations
Exemptions from examinations
ExaminationsEarly entry
Till 13th of November 2017
Standard entryTill 24th of January
2017
Late entry**available only throughyour personal myACCA
account
Till 5th of February2017
Fundamentals F5-F9 (per paper) PLN 540 + 23% VAT PLN 568 + 23% VAT PLN 1453 + 23% VAT
Professionals P1-P7 (per paper) PLN 674 + 23% VAT PLN 713 + 23% VAT PLN 1504 + 23% VAT
Examination entry – December 2017 session
During one examination session, you can sit up to 4 exams. However, you cannot take more than 8 exams inone year.
Examination entry - March 2017 session
ExaminationsEarly entry
Till 14th of August 2017Standard entry
Till 24th of October 2017
Late entry**available only throughyour personal myACCA
account
Till 6th of November2017
Fundamentals F5-F9 (per paper) PLN 540 + 23% VAT PLN 568 + 23% VAT PLN 1453 + 23% VAT
Professionals P1-P7 (per paper) PLN 674 + 23% VAT PLN 713 + 23% VAT PLN 1504 + 23% VAT
March 2018 Session Timetable
December 2017 Session Timetable
Monday4th of December
Thuesday5th of December
Wednesday6th of December
Thursday7th of December
Friday8th of December
F8/P7 F7/P2 F5/P1/P5 F6/P3/P6 F9/F4/P4
Cost and dates of ACCA exams
Monday5th of March
Thuesday6th of March
Wednesday7th of Marchr
Thursday8th of March
Friday9th of March
F8/P7 F7/P2 F5/P1/P5 F6/P3/P6 F9/P4
• All prices are established according to the HSBC selling rate is medium price of selling in September 2017 plus 7% of exchange differences.• Prices are in force up to 31 March 2018. In case of significant rate fluctuations of the pound prices are subject to change.
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 stronggrounding in Financial and Management Accounting by attending our intensive courses in papers F2 andF3.
The intensive introductory courses prepare participants very well for the F2 and F3 examinations.
The usual structure of courses (with the exception of papers F2 and F3) is a one or two-day introductorycourse (normally at weekends) to put candidates into context. A few weeks later there is a two-day mid-term course. Before the exam there is a longer revision course during which the candidates practiceexam questions. One month before the exam, candidates take our Mock Exam (a Practice Exam). This isconducted under exam conditions and its purpose is to give the candidates feedback before the realexam.
u Module 1: one- or two-day introductory training, in which participants practice exam tasks using theirnewly acquired knowledge. Self-study manuals and training materials to be used at home aredistributed
u Module 2: a two-day refresher course supplementing the knowledge gained in module 1. Usuallyorganized in two or three weeks before the Mock Exam
u Mock exam: five or six weeks before the exam, all ACCA course participants take a trial exam, which isdesigned to test their existing knowledge and their skill of examination technique. The same rulesapply as in the real exam. It is the best exercise before the actual exam
u Module 3: attention is focused on the more difficult subjects while continuing the practicing at thelevel of the examination; drilling down to the detail and reviewing knowledge and exam technique
Hot-line: participants are in constant contact with their trainers via e-mail in order to have support fortheir 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
Classroom courses preparing for examinations in September 2017 & March 2018.Classes will be held in Warsaw.
NEW! As the leader on the Polish market, actually we have the on-line courses (you can attend thecourses in real time.
You can sign up for the ACCA mock exam at the price of:129 PLN + 23% VAT each exam
Mock exams are free of charge for our course participants.
Mock exams will take place in the second week of November.
Schedule of classroom training
Fundamentals. Skill Level
F5 Performance Management PM29 September –
1 October(Fri-Sun)
13-15 October(Fri-Sun) -------------
F6 Taxation TX29 September – 01
October(Fri-Sun)
14-15 October(Sat-Sun) -------------
F7 Financial Reporting FR 21-23 October(Sat-Mon)
4-6 November(Sat-Mon)
18-19 November(Sat-Sun)
F8 Audit and Assurance AA 28-30 October(Sat-Mon)
18-20 November(Sat-Mon) -------------
F9 Financial Management FM 21-23 October(Sat-Mon)
11-13 November(Sat-Mon) -------------
Professional. Essentials
P1 Governance, Risk and Ethics 4-5 November(Sat-Sun)
18-19 November(Sat-Sun) -------------
P2 Corporate Reporting CR 20-22 October(Fri-Sun)
11-12 November(Sat-Sun)
25-26 November(Sat-Sun)
P3 Business Analysis BA 28-29 October(Sat-Sun)
18-19 November(Sat-Sun) -------------
Professional. Options
P4 Advanced Financial Management AFM 21-23 October(Sat-Mon)
4-5 November(Sat-Sun)
11-12 November(Sat-Sun)
P5 Advanced Performance Management APM 28-29 October(Sat-Sun)
24-26 November(Fri-Sun) -------------
2017 – 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.Training materials distributed at the course play the role of books. Their price has been added to the cost oftraining; 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
F5 Performance Management PM/ Classroom or online** 2 100 + VAT 6
F5 Performance Management PM Revision Only 840 + VAT 2
F6 Taxation TX/ Classroom or online** 2 399* + VAT 5
F6 Taxation TX (PL) Revision Only 1 139* + VAT 2
F7 Financial Reporting FR/ Classroom or online** 2 800 + VAT 8
F7 Financial Reporting FR Revision Only 840 + VAT 2
F8 Audit and Assurance AA/ Classroom or online** 2 100 + VAT 6
F8 Audit and Assurance AA Revision Only 840 + VAT 2
F9 Financial Management FM/ Classroom or online** 2 100 + VAT 6
F9 Financial Management FM Revision only 840 + VAT 2
Professional. Essentials
P1 Governance, Risk and Ethics / Classroom or online** 2 240 + VAT 4
P2 Corporate Reporting CR/ Classroom or online** 4 250 + VAT 7
P2 Corporate Reporting CR Revision Only 1 457 + VAT 2
P3 Business Analysis BA/ Classroom or online** 2 240 + VAT 4
Professional. Options
P4 Advanced Financial Management AFM/Classroom or online** 4 250 + VAT 7
P5 Advanced Performance Management APM/Classroom or online** 2 800 + VAT 5
Study effectively. Take advantage of our ACCA e-learning offer!
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
CostsACCA e-learning packagesKAPLAN + EY Academy ’Exam Technique’ part
You can order via:elearning-academyofbusiness.pl
For ACCA Papers F1, F2, F3, F5, F8, P2, P3, P5
§ ACCA e-learning package from Kaplan plusvideo of EY Academy support
§ 950 PLN + 23% VAT
§ Minimum package
§ Video of EY Academy tutor support§ + mock exam§ 390 PLN + 23% VAT
§ Minimum package PLUS streaming
§ E-learning Kaplan§ + mock exam§ + 2-day revisionà online in real time
(see the dates in a table page 8)§ 1590 PLN + 23% VAT
Access to the above courses is for a half year.
ACCA e-learning packages KAPLAN
To buy, contact ACCA coordinator:[email protected]
For ACCA Papers F4, F6 (int), F7, F9, P1, P4, P7
§ Kaplan ACCA e-learning
§ 950 PLN + 23% VAT
§ Kaplan ACCA e-learning
§ + 2-day revisionà online in real time(see the dates in a table page 8)
§ 1590 PLN + 23% VAT
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
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 tuition materials, 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 talking through key course
content)u Audio Debriefs on key examinable areasu Question Debriefs, where a tutor talks students through a model answer
6. Access to ACCA Online ePrep Revision materials including:
u ePrep tutor videos on exam technique and paper-specific exam preparationu Extra exam question practice with full tutor feedbacku Marked Mock Exams
7. Video of EY Academy Support!u This includes not only online support but also video presentations by our own tutors and mock exam
mark by tutors from EY Academy of Business.
The ACCA e-learning package consists ofFor ACCA Papers
F2, F3, F5, F8P2, P3, P5
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/
E-learning, which EY Academy of Business prepared for you is a reflection of the exchange rate fixed. Weare constantly developing our offer to make learning more accessible and convenient as at yourfingertips.
E-learning – course which prepare you for F3Prepared by tutors from EY Academy of Business
Registration fee *160 PLN + 23% VAT (once)
Annual Subscription *510 PLN + 23% VAT(payable every year, the
payment for each year shall be paid in advance)
EY Administration with registration new candidate in ACCA 470 PLN + 23% VAT
(first semester, once)
EY Administration 235 PLN + 23% VAT (payable everysession with the registration student tothe exam)
Exemptions Fee F1-F3 *240 PLN + 23% VAT (for one Paper)
Exemptions Fee F4 *345 PLN + 23% VAT
* the offer is standing for Clients EYAcademy untill 30.03.2018
CBE – costs of Computer Based Exam
F1, F2, F3 – *390 PLN + 23% VAT
F4 – *470 PLN + 23 % VAT
The Kaplan Publishing textbook pack (including electronic version of the book) and an interactive Textwhich 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 F6 (taxes, Polish variant) for 360 PLN +5% VAT
ATTENTION: Ordered books have to be collected within the month after the order date (courseparticipants can collect books in our office during classes)
Fees are charged in advance for each subsequent semester on the basis of a pro-forma invoice.
Investment
• All prices are established according to the HSBC selling rate is medium price of selling in September 2017 plus 7% of exchange differences.• Prices are in force up to 31 March 2018. In case of significant rate fluctuations of the pound prices are subject to change.
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: at
11:00 fresh doughnuts and fruits andat 13:00 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 ofa written 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.
RegistrationIf you are interested in the ACCAprogramme and you wish to start, pleasecomplete the attached application formon the last page and return it via e-mailon: [email protected] assoon as possible. Applications will beaccepted on a first come first servedbasis.
If you would like to receive moreinformation, please contact us on:+48 22 579 8000 or send us an e-mail:[email protected]
You are more than welcome to use ourweb site www.academyofbusiness.pl
*60% discount is calculated from our standard ACCA prices.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
Course materialsincluded in the price
1 2
3 4
Find out aboutour special offer for the
registration andexemptions!
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 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 andreliefs.ZUS: Scope; Contributions for employed persons; Other contributions; health service 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: [email protected]
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 o o WarsawCourses: o STIATIONARY o ON-LINE
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 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: .......... rrr complete set r complete text r exam kit r pocket notes
u Paper: .......... rrr complete set r complete text r exam kit r pocket notes
u Paper: .......... rrr complete set r complete text r exam kit r pocket notes
u Paper: .......... rrr complete set r complete text r exam kit r pocket notes
I’ll pickup rmyself r Delivery by courier (15 PLN net) rr
Service Administration + annual premium membership ACCA 2018 r rPlease register me for the EXAMS (please enter symbols and numbers of selected items)
Paper:.......... r CBE: .......... r Paper:.......... r CBE: .......... r Paper:.......... r CBE: ..........
I choose examination centre in:Gdańsk r Kraków r Poznań r Warszawa r CBE Warszawa r Wrocław r Other r (please specify) ...............
In session: March r June r September r December r
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
o I give my consent for an electronic invoice, to be sent to e-mail: ...............................................................................
Warunki uczestnictwa w szkoleniach Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k.§ Warunkiem uczestnictwa w szkoleniu jest wypełnienie i wysłanie zgłoszenia na adres: [email protected]§ Płatności za udział w szkoleniu należy dokonać na 5 dni roboczych przed rozpoczęciem kursu.§ Opłata powinna być dokonana przelewem na konto HSBC Bank Polska, nr rachunku (PLN): 61 1280 0003 0000 0031 1251 3031.Warunki rezygnacji:• Bezkosztowa anulacja udziału w szkoleniu możliwa jest po otrzymaniu pisemnej rezygnacji na minimum 7 dni przed rozpoczęciem kursu.
W przypadku niedochowania terminu, uczestnik ponosi koszt 100% ceny szkolenia.• Nieobecność na szkoleniu nie zwalnia z dokonania opłaty i nie stanowi podstawy do zwrotu należności. Możliwe jest zastępstwo zgłoszonego uczestnika.• Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. zastrzega sobie prawo do odwołania lub zmiany terminu szkolenia.
Wyrażam zgodę wobec Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. z siedzibą przy Al. Armii Ludowej 26 w Warszawie (00-609):x na przetwarzanie danych zamieszczonych w powyższym formularzu zgłoszeniowym w celu aktywnego udziału w szkoleniu zgodnie z ustawą o ochronie danychosobowych z dnia 29 sierpnia 1997 r. (Dz.U. z 2016 r. poz. 922) oraz na otrzymywanie od Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Businesssp. k., drogą elektroniczną na wskazany powyżej adres elektroniczny zgodnie z ustawą z dnia 18 lipca 2002 r. o świadczeniu usług drogą elektroniczną (Dz.U. z 2016 r.poz. 1030), informacji dotyczących tego szkolenia niezbędnych do przeprowadzenia szkoleniao na przetwarzanie danych zamieszczonych w powyższym formularzu zgłoszeniowym dla celów przesyłania informacji handlowych oraz marketingu bezpośredniegoo na otrzymywanie informacji handlowych, drogą elektroniczną na podany adres poczty elektronicznej zgodnie z ustawą z dnia 18 lipca 2002 r. o świadczeniu usługdrogą elektroniczną (Dz.U. z 2016 r. poz. 1030).Jestem świadomy/ma prawa do poprawiania, zmieniania i aktualizowania swoich danych zgodnie z ustawą o ochronie danych osobowych z dnia 29 sierpnia 1997 r. (Dz.U.z 2016 r. poz. 922). Oświadczam, że zapoznałem się z warunkami uczestnictwa i rezygnacji w szkoleniu i je akceptuję. W sprawach nieuregulowanych w niniejszymformularzu zastosowanie mają Ogólne Warunki Świadczenia Usług.
Date