new syllabus 87926 small 4

8/6/2019 New Syllabus 87926 Small 4

1/16

Changes to the Catand Knowledgemodule examswith the launChof aCCas diploma

in aCCountingand BusinessRad mor at www.accaglobal.com/studnts/studnt_accountant/archiv/2011/120/3449163

foundations

in aCCountanCyLarn morabout ACCAssuit o ntry-lvlqualifcations Foundations inAccountancy atwww.accaglobal.com/fa

aCCa qualifiCationteChniCal artiCles

PAPeR F1www.accaglobal.com/students/acca/exams/f1/technical_articles/





PAPeR F6

www.accaglobal.com/students/acca/exams/f6/technical_articles/




PAPeR P1www.accaglobal.com/students/acca/

exams/p1/technical_articles/

PAPeR P2www.accaglobal.com/students/acca/exams/p2/technical_articles/






Coming up...

Future issues of Student Accountantwill feature technical articles on ethics(relevant to Paper F1/FAB), IFRS 9(relevant to Paper P2) and corporatereporting case studies (relevant toPaper P2).

29 JUNe 2011 ACCeSS THe COMPReHeNSIVe ONLINe ARCHIVe TO HeLPYOU WITH YOUR ACCA QUALIFICATION STUDIeS

teChniCal artiCles

24 TeCHNICAL
http://www.accaglobal.com/students/student_accountant/archive/2011/120/3449163http://www.accaglobal.com/students/student_accountant/archive/2011/120/3449163http://www.accaglobal.com/students/student_accountant/archive/2011/120/3449163http://www.accaglobal.com/students/student_accountant/archive/2011/120/3449163http://www.accaglobal.com/fiahttp://www.accaglobal.com/fiahttp://www.accaglobal.com/students/acca/exams/f1/technical_articles/http://www.accaglobal.com/students/acca/exams/f1/technical_articles/http://www.accaglobal.com/students/acca/exams/f2/technical_articles/http://www.accaglobal.com/students/acca/exams/f2/technical_articles/http://www.accaglobal.com/students/acca/exams/f3/technical_articles/http://www.accaglobal.com/students/acca/exams/f3/technical_articles/http://www.accaglobal.com/students/acca/exams/f4/technical_articles/http://www.accaglobal.com/students/acca/exams/f4/technical_articles/http://www.accaglobal.com/students/acca/exams/f5/technical_articles/http://www.accaglobal.com/students/acca/exams/f5/technical_articles/http://www.accaglobal.com/students/acca/exams/f6/technical_articles/http://www.accaglobal.com/students/acca/exams/f6/technical_articles/http://www.accaglobal.com/students/acca/exams/f7/technical_articles/http://www.accaglobal.com/students/acca/exams/f7/technical_articles/http://www.accaglobal.com/students/acca/exams/f8/technical_articles/http://www.accaglobal.com/students/acca/exams/f8/technical_articles/http://www.accaglobal.com/students/acca/exams/f9/technical_articles/http://www.accaglobal.com/students/acca/exams/f9/technical_articles/http://www.accaglobal.com/students/acca/exams/f9/technical_articles/http://www.accaglobal.com/students/acca/exams/p1/technical_articles/http://www.accaglobal.com/students/acca/exams/p1/technical_articles/http://www.accaglobal.com/students/acca/exams/p2/technical_articles/http://www.accaglobal.com/students/acca/exams/p2/technical_articles/http://www.accaglobal.com/students/acca/exams/p3/technical_articles/http://www.accaglobal.com/students/acca/exams/p3/technical_articles/http://www.accaglobal.com/students/acca/exams/p4/technical_articles/http://www.accaglobal.com/students/acca/exams/p4/technical_articles/http://www.accaglobal.com/students/acca/exams/p5/technical_articles/http://www.accaglobal.com/students/acca/exams/p5/technical_articles/http://www.accaglobal.com/students/acca/exams/p6/technical_articles/http://www.accaglobal.com/students/acca/exams/p6/technical_articles/http://www.accaglobal.com/students/acca/exams/p7/technical_articles/http://www.accaglobal.com/students/acca/exams/p7/technical_articles/http://www.accaglobal.com/students/student_accountant/archive/2011/120/3449163http://www.accaglobal.com/fiahttp://www.accaglobal.com/students/acca/exams/p7/technical_articles/http://www.accaglobal.com/students/acca/exams/p6/technical_articles/http://www.accaglobal.com/students/acca/exams/p5/technical_articles/http://www.accaglobal.com/students/acca/exams/p4/technical_articles/http://www.accaglobal.com/students/acca/exams/p3/technical_articles/http://www.accaglobal.com/students/acca/exams/p2/technical_articles/http://www.accaglobal.com/students/acca/exams/p1/technical_articles/http://www.accaglobal.com/students/acca/exams/f9/technical_articles/http://www.accaglobal.com/students/acca/exams/f8/technical_articles/http://www.accaglobal.com/students/acca/exams/f7/technical_articles/http://www.accaglobal.com/students/acca/exams/f6/technical_articles/http://www.accaglobal.com/students/acca/exams/f5/technical_articles/http://www.accaglobal.com/students/acca/exams/f4/technical_articles/http://www.accaglobal.com/students/acca/exams/f3/technical_articles/http://www.accaglobal.com/students/acca/exams/f2/technical_articles/http://www.accaglobal.com/students/acca/exams/f1/technical_articles/


2/16

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3/16

RELEVANT TO CAT QUALIFICATION PAPERS 1 4

2011 ACCA

CHANGES TO THE CAT QUALIFICATION WITH THE LAUNCH OFFOUNDATIONS IN ACCOUNTANCY: INTRODUCTORY ANDINTERMEDIATE CERTIFICATES IN FINANCIAL AND MANAGEMENTACCOUNTING

With effect from December 2011, new exams in Foundations inAccountancy, leading to a range of new certificates, will be launched.

The first two levels, previously known as the CAT Introductory and CATIntermediate levels, will now lead to two ACCA certificates:

Introductory Certificate in Financial and Management Accounting Intermediate Certificate in Financial and Management Accounting.

Introductory Certificate in Financial and Management AccountingThe Introductory Certificate in Financial and Management Accounting isawarded on passing the Recording Financial Transactions (FA1) andManagement Information (MA1) exams and successful completion of theFoundations in Professionalism module.

The Introductory Certificate is suitable for those aspiring to work, oralready working, in:

a junior accounts clerk/junior bookkeeping role in a small ormedium-sized entity (SME)

a range of junior accounting administration roles within anaccounting department of a larger organisation or financial sharedservice centre.

The Introductory Certificate in Financial and Management Accounting isbroadly equivalent to GCSE/O-level.

Intermediate Certificate in Financial and Management AccountingThe Intermediate Certificate in Financial and Management Accounting is

awarded on passing the Maintaining Financial Records (FA2) andManaging Costs and Finances (MA2) exams and successful completion ofthe Foundations in Professionalism module.

The Intermediate Certificate is suitable for those aspiring to work, oralready working, in:

a bookkeeping or cost clerk role in an SME a range of accounting administration roles within an accounting

department of a larger organisation or financial shared servicecentre.


4/16

2

CHANGES TO CATMAY 2011

2011 ACCA

The Intermediate Certificate in Financial and Management Accounting is

broadly equivalent to A-level.

Changes to the syllabuses within the new Foundations in AccountancyCertificates with effect from December 2011These changes are relevant to students who have taken the equivalent CAT

exam and now need to re-sit under the new structure. They are also relevantfor tutors preparing to teach the new groups of students.

FA1, Recording Financial TransactionsThis exam paper continues to be offered in both paper-based and

computer-based exam formats. The structure of the new FA1 exam isexactly the same as the old Paper 1, Recording Financial Transactions inthat there are 50 objective test type questions, each worth two marks, tomake a total of 100. A key difference is that the pass mark for the examis now 50%, whereas it was previously 55%.

The syllabus has been slightly modified and streamlined so there isgreater concentration on the transactional fundamentals ofaccounts preparation as these are key skills required for bookkeepers atthis level.

The syllabus also now requires candidates to be able to identifythe elements of financial statements and to have an awareness of theformat of the statements, before progressing to higher level papers.

The approach of the questions is very similar to those of Paper 1,Recording Financial Transactions. However, the Study Guide contains anumber of requirements for the candidates to explain, which may seemunfamiliar in this format of exams.In such questions, candidates maysee questions with two statements and would have to determine whichone is correct or incorrect, thus showing a sound understanding rather

than just rote learning.

MA1, Management InformationThis exam paper continues to be offered in both paper-based andcomputer-based exam formats. The structure of the new MA1 exam isexactly the same as the old Paper 2, Information and ManagementControl, in that there are 50 objective testing type questions, each worthtwo marks, to make a total of 100. A key difference is that the passmark for the exam is now 50%, whereas it was previously 55%.

However, there have been a number of changes to this syllabus. Themain addition is the new section (Section F) on spreadsheet systems


5/16

3


2011 ACCA

covering the general awareness of the role and use of spreadsheets inmanagement accounting.

Product costing, which was only covered in the old Paper 4, Accountingfor Costs, has now been included in the MA1 syllabus (Section D4) andmainly covers the basic aspects of product costs such as thecharacteristics of and some aspects of the job, batch and processcosting system. The more advanced aspects of product costs willcontinue to be covered in the new MA2, Managing Costs and Financespaper. For more details see MA2 below.

There have been a few additions to some areas already included in the

Paper 2 syllabus. Coding now includes different methods of coding data(Section B2b). The cost of materials (Section D1d) now includesmethods of pricing materials from inventory.

Some areas have also been removed from MA1.The nature, safety, use,confidentiality and security of computer systems, which used to be inStudy Guide Sections 1 and 2 in Paper 2, Information and ManagementControl, are no longer examinable in the new paper as they are nowcovered in the new Foundations in Professionalism module.

Marginal costing and decision making, which was previously in Paper 2(Section 12), has also been removed and is now covered only in the newMA2.

FA2, Maintaining Financial RecordsThis exam paper continues to be offered in both paper-based andcomputer-based exam formats. The structure of the new FA2 paper-based exam is different to the old T3, Maintaining Financial Recordspaper. Previously, Paper 3 consisted of two sections: Section Acontained 20 two-mark multiple-choice questions and Section Bcontained four 15-mark questions, with all questions being compulsory.

In the new structure of FA2, there are 50 objective test-based questions,each worth two marks, to make a total of 100 and the pass mark for theexam remains at 50%.

Obviously, the change to 50 questions in the paper-based exam formatmeans that candidates must ensure that they study across the wholesyllabus, as there will no longer be questions that offer an opportunity topick up 15 marks by focusing on one part of the syllabus.

The differences between the old Paper 3, Maintaining Financial Records,

and the new FA2 Syllabus and Study Guide fall into two categories newoutcomes and revised outcomes.


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2011 ACCA

All of the revisions are quite minor and therefore do not need to be

considered in detail. The new outcomes are included in Section D1 salesand purchases, Section D4 tangible non-current assets anddepreciation, and Section H3 change in partnership.

Probably the most significant of these is in outcome H3, where theadmission of a new partner including the treatment (but NOT thecalculation) of goodwill has been included. An example of how this maybe tested is that candidates may be expected to outline the accountingtreatment required in relation to goodwill or allocate and/or eliminategoodwill among the partners.

Section D1 includes a number of outcomes relating to sales tax. Anyquestions on this section of the syllabus will require candidates todemonstrate an understanding of the principles of sales tax but will notrequire knowledge of practice in any specific country or region. In suchquestions where calculation is required, candidates will be given thesales tax rate appropriate to the question scenario.

Paper 3 always required candidates to be able to calculate and recorddepreciation but a new addition for FA2 is included in Section D4, wherean outcome requiring the circumstances in which different methods ofcalculating depreciation has been inserted. An illustration of the type ofquestion that could be asked would include outlining when it would beappropriate to use reducing balance as compared to straight line.

MA2,Managing Costs and Finances

This paper continues to be offered in both paper-based andcomputer-based exam formats. The structure of the new MA2 paper-based exam is different to the old Paper 4, Accounting for Costs.Previously, Paper 4 consisted of two sections; Section A contained 20two-mark multiple-choice questions and Section B contained four

questions of variable marks adding up to 60 in total and all questionswere compulsory. In the new exam structure of MA2, there are 50objective test-based questions, each worth two marks, to make a total of100 and the pass mark for the exam remains at 50%.

The change to 50 questions in the paper-based exam format means thatcandidates must ensure that they have studied across the wholesyllabus to prepare themselves adequately.

Two new sections have been addedto the new MA2 syllabus. The first is

cash management (Section E), which introduces more financing aspectsof management accounting into this syllabus and reflects the new title of


7/16

5


2011 ACCA

the syllabus. The second section is spreadsheet systems (Section F),which develops further the skills introduced in the new MA1.

To make room for these new areas, MA2 no longer covers the morebasic aspects of product costs as these are now being included in thenew MA1. (Therefore, some of the study outcomes within the Paper 4Study Guide 11, 12 and 13 have now been removed and are not in thenew syllabus for MA2).

Transitional arrangements

The changes referred to in this article apply with effect from December2011. Both computer-based exams and paper-based exams following

new syllabuses and structures will be available from early December.

Up until December 2011, existing CAT students and those who haveregistered for Foundations in Accountancy exams may still take thecomputer-based versions of Papers 1 4 from February until November.Current CAT students may also take paper-based exams in the June2011 sitting but this is not an option for students who have registeredsince 1 January 2011 and are already on the FIA register.

Conversion arrangements for existing CAT studentsIn August 2011, when results and conversion notices are issued toexisting CAT students, anyone who has passed any or all of these fourexams will be given like-for-like exemptions when they convert to thenew Foundations in Accountancy register.

However, it is most important for students to be fully aware that if theytake any computer-based exams for Papers 1 4 between August andNovember, they will be examined on the existing syllabuses despitethem being called FA1, MA1, FA2 and MA2. So, the changes referred toin this article will NOT apply to any exams sat before December 2011.


8/16

RELEVANT TO ALL STUDENTS

2011 ACCA

Changes to the CAT and ACCA Knowledge module exams with thelaunch of ACCAs Diploma in Accounting and Business

With effect from December 2011, the ACCA Diploma in Accounting andBusiness will be launched as part of the new Foundations in Accountancy suiteof qualifications.

This new Diploma will provide a flexible open entry route into the Skills moduleof the main ACCA Qualification for candidates who do not start their ACCAQualification studies with the usual entry requirements. The Diploma in

Accounting and Business is awarded on the completion of the exams:Accountant in Business (FAB), Management Accounting (FMA) and FinancialAccounting (FFA), and the Foundations in Professionalism module.

The Diploma will also be available to ACCA registered studentswho registerdirectly for and pass the Fundamentals Knowledge module papers: F1,Accountant in Business; F2, Management Accounting;and F3, FinancialAccounting;and who successfully complete the Foundations in Professionalismmodule.

Who is the Diploma aimed at?

The Diploma is suitable for those aspiring to work, or already working, in the

following types of roles: basic bookkeeping trainee accountant in a commercial organisation or accounting practice accounts clerk in the public sector.

The Diploma in Accounting and Business is broadly equivalent to HND level/the first year of a degree.

How is the Diploma structured?The Diploma in Accounting and Business consists of three exams:

FAB, Accountant in Business FMA, Management Accounting FFA, Financial Accounting

These three exams will also be the same exams as:

Paper F1, Accountant in Business Paper F2, Management Accounting


9/16

2

CHANGES TO THE CAT AND ACCA KNOWLEDGE MODULE EXAMS WITH THE

LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011

Paper F3, Financial AccountingThis is illustrated below in Figure 1:

Figure 1: Alternative routes to the ACCA Diploma in Accounting and Business

Who is eligible to take the new Diploma?

1. Existing Certified Accounting Technician (CAT) students who take atleast one of Papers FAB, FMA and FFA from December 2011.

2. Existing MSER students who take at least one of Papers F1/FAB,F2/FMA or F3/FFA from December 2011.

3. FIA registered students who take at least one of Papers FAB, FMA andFFA from December 2011.

4. ACCA registered students who take at least one of Papers F1, F2, F3from December 2011.

To be awarded the Diploma, all three of Papers FAB (F1), FMA (F2), and FFA(F3) must be passed or exempted, with at least one of the three papers havingbeen taken and passed from December 2011 onwards. In addition, theFoundations in Professionalism module must also be successfully completedbefore the Diploma can be awarded.

The first Diploma certificates will be awarded from February 2012.


10/16

3


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Syllabus and exam structure changes for existing students

The new syllabuses for the FIA Diploma in Accounting and Business are beingintroduced to reflect updates to national occupational standards in technician-level curricula and to take into account employer needs as obtained fromconsultation surveys with key stakeholders. The new syllabuses are also beingre-aligned to more effectively underpin studies at higher levels within the ACCAQualification.

In addition to syllabus changes, there are also exam structure changes thatstudents need to be aware of.

Which students will be affected?1. Existing CAT students who have taken Paper 5, Managing Systems and

People; Paper 6, Drafting Accounting Statements; and Paper 7, Planning Control and Performance Management; and thosewho will be takingFAB, FFA and FMA, respectively, as the equivalent exams fromDecember 2011.

2. Existing and newly registered ACCA students who are taking theexisting Paper F1, F2 and F3 exams during the transitional period(between February and November 2011) and who will be taking the

newPaper F1, F2 and F3 exams from December 2011 onwards.

3. Existing MSER students who take Papers MMA and/or MFA beforeAugust 2011 or Papers F1/TT5, F2/TT7 and F3/TT6 after August2011, but who will be taking the newPaper F1/FAB, F2/FMA andF3/FFA exams from December 2011 onwards.

4. All FIA students who can take the existing Papers TT5 (FAB), TT7(FMA) and TT6 (FFA) exams during the transitional period, which followthe syllabi for the existing Paper F1, F2 and F3 exams respectively

(between February and November 2011), and who will be taking newFAB, FMA and FFA, respectively, as the equivalent exams fromDecember 2011 onwards.

What changes do the above students need to be aware of?The specific syllabus and exam structure changes explained in this articlecover four areas:

1. Syllabus areas no longer examined from the existing CAT equivalentexams Papers 5, 6 and 7.

2. New syllabus areas and changes in the exam structures in the new FAB,FMA and FFA exams as compared with the CAT equivalent exams in (1)above.


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LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011

3. Syllabus areas no longer examined from the existing FundamentalsKnowledge exams Papers F1, F2 (MMA) and F3 (MFA)

4. New syllabus areas and changes in the exam structures in the newPaper F1, F2 and F3 exams as compared with the ACCA and MSERequivalent exams in (3) above.

Note: All thesetables are to assist students who may have to retake an exam, or fortutors preparing to teach towards the new exam. However, in all cases, it is

important to refer to the Study Guide for full details

Table 1: Syllabus areas no longer examined in FAB, FMA and FFA, which are

currently examined in CAT equivalent exam syllabuses Papers 5, 6 and 7

Paper 5 syllabus areas

removed*


removed*


removed*

None 1a) Discuss the

shortcomings of

historical cost accounting

and how they might be

overcome

6d) Alternative

approaches to budgeting

2a) Preparation of

partnership financial

statements, admissionand dissolution of a

partnership

9a) Session 27 pricing

and demand ALL

9b) Session 28a(i) and

(ii) ie. the calculations

element have been

removed

9c) Session 28d(i)

Discuss the link between

target costing and

pricing

9d) Session 28 d(iii)Discuss the role of value

engineering in target

costing

* The references given are to the Syllabus and study sessions within these syllabuses


12/16

5


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Table 2: Exam structure changes between CAT Advanced level and the new

Diploma papers:

Paper 5, ManagingSystems and People

Paper 6, DraftingFinancial Statements

Paper 7, Planning Control andPerformance

Management

Old exam structure: Old exam structure: Old exam structure:

Section A: 12 x 2 mark

MCQ questions


MCQ questions


MCQ questions

Section B: 4 x 14 mark

and 1 x 20 mark

questions

Section B: One x 40

mark and 2 x 20 mark

questions

Section B: 4 x 20 mark

questions

FAB, Accountant in

Business

FFA, Financial

Accounting

FMA, Management

AccountingNew exam structure*: New exam structure*: New exam structure*:

50 x 2-mark objective test

questions

50 x 2-mark objective

test questions

50 x 2-mark objective

test questions

* The new exam structure will apply until students become accustomed to thenew syllabus. It is planned to introduce longer type objective test questions tothe new papers at a later stage and adequate notice of any new exam structure

changes will be given.


13/16

6


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Table 3: Syllabus areas no longer examined in the new Paper F1, F2 and F3

exams, which are examined in the existing Fundamentals Knowledge moduleexam syllabuses Papers F1, F2 and F3.

Paper F1,Accountant in

Business syllabus areas

removed**

Paper F2, Management

Accountingsyllabus

areas removed**

Paper F3, Financial

Accountingsyllabus

areas removed**

A5d) Identify different

sources of internal and

external information

C1 Dealing with

uncertainty ALL

B2 Alternative bases

used in the preparation

of financial information

A5e) Describe the main

features of information

systems

F1 Cost volume profit

analysis ALL

C3 Accounting systems

and the impact of

information technology

on financial reporting

A7b) Identify influences

that determine whether

behaviour and decisions

are ethical or unethical

F2b) Calculate relevant

costs for materials,

labour and overheads

and

c) Calculate the relevant

costs associated with

non current assets

F4 Accounting for

partnerships. The old

syllabus did not cover

detailed accounting for

admissions and

dissolution, only simple

allocation of profits

C1a) and b) History and

role of accounting in

business

F3 Limiting factors ALL

except:

3a) Identify single

limiting factor

F2a) Explain the purposes

of personal development

plans

F3a) Define

communications** Thesyllabus references refer to the existing study guides

Table 4: Exam structure changes between existing Papers F1, F2 and F3 and

the new Paper F1, F2 and F3 exams:

Paper F1,Accountant in

Business

Paper F2, Management

Accounting

Paper F3, Financial

Accounting

Old exam structure: Old exam structure: Old exam structure:

40 x 2 and 10 x 1 mark

MCQ questions


MCQ questions


MCQ questions

F1/FAB, Accountant in

Business

F2/FMA, Management

Accounting

F3/FFA, Financial

AccountingNew exam structure*: New exam structure*: New exam structure*:

50 x 2 mark objective

test questions


test questions


test questions


14/16

7


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Table 5: New syllabus areas examinable in the FAB, FMA and FFA syllabuses

as compared to Papers 5, 6 and 7

FAB new syllabus areas

added as compared to

the Paper 5 syllabus

FFA new syllabus areas



FMA new syllabus areas



A4 Macroeconomics in

more detail

A5 Duties and

responsibilities of those

charged with governance

A3 Cost classification all

except:

h) high low analysis and;

i) explain the structure

of linear functions and

equations

A5 Micro economics

ALL

E1 Prepare a trial

balance from ledger

accounts

B1 Accounting for

material, labour and

overheads ALL

A8 Environmental factors

ALL

B3 Cost accounting

methods ALL

A9 c) Porters five forces

model

C5 Capital budgeting

and discounted cash

flow ALL

B4 Committees in the

business organisation

ALL

C4a) Explain the various

purposes for which the

following financial

information is required:

(i) IS (ii) SOCF (iii) SOFP

b) Describe the main

purposes of the following

types of management

accounting reports:

i) Cost schedulesii) Budgetsiii) Variance reports

E3 Competency

frameworks ALL

F1 Fundamental

principles of ethical

behaviour ALL

F3 Corporate codes of

ethics ALL

F4 Ethical conflicts and

dilemmas ALL


15/16

8


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Table 6: New syllabus areas examinable in the newPapers F1, F2, and F3syllabuses as compared to the existingPapers F1, F2 and F3F1 new syllabus areasadded as compared to the

old F1 syllabus

F3 new syllabus areasadded as compared to the

old F3 syllabus

F2 new syllabus areasadded as compared to the

old F2 syllabus

A1 Purpose and types of

business organisation ALL

A5 Duties and

responsibilities of thosecharged with governance

A2 Sources of data ALL

A5 Micro economics ALL F3 Disclosure notes(explain purpose, draftnon-current asset,

provision, events after thereporting period andinventory note)

A4 Presenting information ALL

A8 Environmental factors ALL

G1 Accounting forsubsidiaries

B4 Alternative costingprinciples ALL

A9c) Porters five forcesmodel

G2 Awareness of whatassociates are and equityaccounting

C1 i) Time series analysiswhich are included in j) k),l), m) and n)

C4a) Explain the variouspurposes for which the

following financialinformation is required: (i)IS (ii) SOCF (iii) SOFP

b) Describe the mainpurposes of the followingtypes of management

accounting reports:i) Cost schedulesii) Budgetsiii) Variance reports

H1 Importance andpurpose of analysis of

financial statements

C2b) Prepare cash budgetand e) Prepare master

budgets

E3 Competency frameworks

ALL

H2 Ratios C5 Capital budgeting and

discounted cash flow ALL

F1 Fundamental principlesof ethical behaviour ALL

H3 Analysis of financialstatements

C6 e) Explain concept ofcontrollable and

uncontrollable costsf) Prepare control reportssuitable for presentation to

management

F3 Corporate codes ofethics ALL

C7 Behavioural aspects ofbudgeting ALL

F4 Ethical conflicts anddilemmas ALL

Performance measurementoverview ALL

Performance measurementapplication ALL

Cost reduction and value

enhancement ALL

Monitoring performanceand reporting ALL


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9


LAUNCH OF ACCAS DIPLOMA IN ACCOUNTING AND BUSINESSJUNE 2011Transitional arrangements

The changes referred to in this article apply with effect from December 2011.Computer-based exams (CBE) and paper exams following new syllabusesand structures will be available from December 2011.

Up until December 2011, existing CAT students can take the CBE versions ofthe F1 (TT5), F2 (TT7) and F3 (TT6) exams from February until November.Existing ACCA or MSER students may also take the CBE versions of theexisting syllabuses until November.

Conversion arrangements for existing CAT and MSER students

In August 2011, when results and conversion notices are issued, thosestudents who have passed any or all of Paper 5 (F1), Paper 6 (F3/MFA*) andPaper 7 (F2/MMA*) exams including the computer-based equivalents of TT5,TT6 and TT7 will be given like-for-like exemptions when they convert to thenew Foundations in Accountancy register.

*This includes existing MSER students.

However, it is most important for all students to be fully aware that if they takeany CBE exams TT5, TT6 and/or TT7 between August and November, they will

be examined on the existing syllabuses of Papers F1 to F3, so the changesreferred to in this article will notapply to any exams sat before December2011.

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