AAU-ACCA Teaching Program
The ACCA Qualification (www.accaglobal.com) is designed to provide the accounting knowledge, skills and professional values which will deliver finance professionals who are capable of building successful careers across all sectors and making a valuable contribution to organisations in the public or private sectors or in practice.
Accountancy is a dynamic profession. Both the needs of employers and the regulatory landscape are constantly evolving. Through regular reviews of its qualification, ACCA maintains and develops its position as a world-leading provider of qualifications for the development of accountants and finance professionals.
Hence, the Department of Accounting and Finance in collaboration with ACCA has developed its lecturers to provide support of ACCA students for March and September exams. The teaching will concentrate on Skill papers namely:
- Corporate and business law,
- Performance Management
- Taxation (UK)
- Financial Reporting
- Audit and Assurance
- Financial Management
Download the online brochure Below
Course Duration
For March Exam Session
Course Delivered: Dec 26, 2016 – Feb 20, 2017 (total 8 weeks)
* 4 hours per week per paper
| Week Commencing | Date: for March 2017 | Activity | Notes |
| 2nd Week Dec | 17 Dec | Registration of Students | Issue course materials and schemes of work |
| 4th Week Dec | 26 Dec | Class Starts | |
| Syllabus coverage | |||
| Progress tests | Progress review (Mid-course Review)/consultations | ||
| Revision/ Practice Questions | |||
| Feedback | |||
| Final revision/mocks | Administer students’ feedback questionnaires | ||
| Private study and consultations | Private consultations with tutors | ||
| 3rd Week Feb | 20 Feb | Final exams and Feed back | End-of-course meeting/reports |
| ACCA Exams | 6th March – 10th March 2017 | Preparation for the next session as results will be out April 17th 2017 | |
A. For September Exam Session
Course Delivered: (total 8 weeks)
* 4 hours per week per paper
| Week Commencing | Date: for Sept 2017 | Activity | Notes |
| 2nd Week Jun | 12 Jun | Registration of Students | Issue course materials and schemes of work |
| 4th Week Jun | 26 Jun | Class Starts | |
| Syllabus coverage | |||
| Progress tests | Progress review (Mid-course Review)/consultations | ||
| Revision/ Practice Questions | |||
| Feedback | |||
| Final revision/mocks | Administer students’ feedback questionnaires | ||
| Private study and consultations | Private consultations with tutors | ||
| 3rd Week Oct | 20 Oct | Final exams and Feed back | End-of-course meeting/reports |
| ACCA Exams | 4th September– 16th September 2017 | Preparation for the next session as results will be out October 16th 2017 | |
F4, CORPORATE AND BUSINESS LAW (GLO)
AIM
To develop knowledge and skills in the understanding of the general legal framework within which international business takes place, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
MAIN CAPABILITIES
On successful completion of this paper candidates should be able to:
- identify the essential elements of different legal systems including the main sources of law, the relationship between the different branches of a state’s constitution, and the need for international legal regulation, and explain the roles of international organisations in the promotion and regulation of international trade, and the role of international arbitration as an alternative to court adjudication
- recognize and apply the appropriate legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods, and explain the various ways in which international business transactions can be funded
- recognise different types of international business forms
- distinguish between the alternative forms and constitutions of business organisations
- recognise and compare types of capital and the financing of companies
- describe and explain how companies are managed, administered and regulated
- recognise the legal implications relating to companies in difficulty or in crisis
- demonstrate an understanding of governance and ethical issues relating to
F5, PERFORMANCE MANAGEMENT
AIM
To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.
MAIN CAPABILITIES
On successful completion of this paper candidates should be able to:
- explain, apply, and evaluate cost accounting techniques
- select and appropriately apply decision-making techniques to evaluate business choices and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks
- apply budgeting techniques and evaluate alternative methods of budgeting, planning and control
- use standard costing systems to measure and control business performance and to identify remedial action
- assess the performance of a business from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external
F6, TAXATION (UK)
AIM
To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies.
MAIN CAPABILITIES
On successful completion of this paper candidates should be able to:
- explain the operation and scope of the tax system
- explain and compute the income tax liabilities of individuals
- explain and compute the corporation tax liabilities of individual companies and groups of companies
- explain and compute the chargeable gains arising on companies and individuals
- explain and compute the effect of national insurance contributions on employees, employers and the self employed
- explain and compute the effects of value added tax on incorporated and unincorporated businesses
- identify and explain the obligations of tax payers and/or their agents and the implications of non-compliance.
F7, FINANCIAL REPORTING
AIM
To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.
MAIN CAPABILITIES
On successful completion of this paper, candidates should be able to:
- discuss and apply a conceptual framework for financial reporting
- discuss a regulatory framework for financial reporting
- prepare and present financial statements which conform with International accounting standards
- account for business combinations in accordance with International accounting standards
- analyse and interpret financial
F8, AUDIT AND ASSURANCE
AIM
To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.
MAIN CAPABILITIES
On successful completion of this paper, candidates should be able to:
- explain the nature, purpose and scope of assurance engagements including the role of the external audit and its regulatory and ethical framework
- explain the nature of internal audit and describe its role as part of overall performance management and its relationship with the external audit
- demonstrate how the auditor obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
- describe and evaluate information systems and internal controls to identify and communicate control risks and their potential consequences, making appropriate recommendations
- identify and describe the work and evidence required to meet the objectives of audit engagements and the application of the International Standards on Auditing
- evaluate findings and modify the audit plan as necessary
- explain how the conclusions from audit work are reflected in different types of audit report, explain the elements of each type of
F9, FINANCIAL MANAGEMENT
AIM
To develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.
MAIN CAPABILITIES
On successful completion of this paper, candidates should be able to:
- discuss the role and purpose of the financial management function
- assess and discuss the impact of the economic environment on financial management
- discuss and apply working capital management techniques
- carry out effective investment appraisal
- identify and evaluate alternative sources of business finance
- explain and calculate the cost of capital and the factors which affect it
- discuss and apply principles of business and asset valuations
- explain and apply risk management techniques in
