ACCA-Syllabus-Changes-2021-22-FINAL

SYLLABUS CHANGES FOR ACCA QUALIFICATION EXAMS: 2020/21 – 2021/22 Guidance for students You may previously have prepared for an exam under the 2020/21 syllabus and are now preparing for that same exam under the new 2021/22 syllabus, which applies from September 2021 until June 2022*. The good news is that there are not too many syllabus changes overall. The interactive table on the next page sets out where there are changes and links you through to more detail about what the changes are, recommended articles and other resources, including links to the websites of our Approved Content Providers, BPP Learning Media and Kaplan Publishing. For every exam, regardless of syllabus changes, the table also links you to our ‘Essentials on one page’ resource, which gives you an overview of the exam as well as tips for success, guidance on how to tackle the exam and links to key resources. ACCESS THE INTERACTIVE TABLE HERE * E xcept for LW variants, TX and ATX, which can have a different syllabus year. Refer to the ACCA website for information about your exam. Also note the syllabus year for the Applied Knowledge exams runs from September 2021 to August 2022.

Use the table below to understand whether your exam is affected by syllabus changes. Click on the icons to access further information and guidance. Strategic Professional ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES HERE EXAM YES Access more info about the SBR-INT syllabus changes HERE Strategic Business Reporting (SBR-INT) YES Access more info about the SBL syllabus changes HERE Strategic Business Leader (SBL) NO Access AFM ‘Essentials on one page’ HERE Advanced Financial Management (AFM) YES Access more info about the APM syllabus changes HERE Advanced Performance Management (APM) N/A Access ATX-UK ‘Essentials on one page’ HERE Advanced Taxation (ATX-UK) YES Access more info about the AAA-INT syllabus changes Advanced Audit and Assurance (AAA-INT) ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES HERE Applied Skills NO – although one learning outcome has been deleted – see HERE Access LW-ENG ‘Essentials on one page’ HERE EXAM Access more info about the PM syllabus changes HERE Corporate and Business Law (LW-ENG) YES Access TX-UK ‘Essentials on one page’ HERE Performance Management (PM) N/A Access more info about FR learning outcome changes HERE Taxation (TX-UK) NO – although the wording of some learning outcomes has been changed Access more info about the AA syllabus changes HERE Financial Reporting (FR) YES Access FM ‘Essentials on one page’ Audit and Assurance (AA) NO Financial Management (FM) ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES HERE Applied Knowledge NO Access BT ‘Essentials on one page’ HERE EXAM YES Access more info about the MA syllabus changes HERE Business and Technology (BT) Access more info about FA learning outcome changes Management Accounting (MA) NO – although the wording of some learning outcomes has been changed Financial Accounting (FA)

Strategic Business Reporting (SBR-INT) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT C11b Discuss and apply the Removed as very specialist area that requires What does this mean for me? deletion principles behind the initial more knowledge than IAS 41 to effectively recognition and subsequent report on. For the September 2021-June 2022 exam year, there have been few changes to the measurement of a biological syllabus. As detailed in syllabus section F1(c), you will be expected to discuss the asset or agricultural produce.[2] Note it remains within the FR syllabus and is impact of current reporting issues in corporate reporting. This could be tested by therefore assumed knowledge for SBR asking you to apply one or several existing standards to an accounting issue. You may also be asked to provide an explanation of the resulting accounting implications (for F1c Discussion of solutions to Updating for current issues and clarifying the example, accounting for digital assets or accounting for the effects of a natural disaster addition current issues in financial scope and include examples such as digital or global event). The following examples are relevant to the current syllabus: reporting. assets and global events. 1. Presentation and disclosures F1c Discussion of solutions to Removed 2. Materiality in the context of financial report deletion current issues in financial 3. Management commentary reporting. 1. Accounting policy changes and Examinable documents are updated annually to reflect current developments. 3. D efined benefit plan amendments, curtailment or settlement as now incorporated in the main Examinable documents for September 2021 to June 2022 can be found here IFRS standards and added Presentation and Disclosures to reflect the Exposure Draft (see Recommended resources Examinable Documents). n We recommend you make use of all technical articles available for SBR, but we In addition to these changes, there are a variety of minor wording and other changes which have would draw your attention to the following articles in particular: been made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. Read the mind of the marker – Part 1 Read the mind of the marker – Part 2 ACCA Approved Content n The key to exam success is question practice. If you’re preparing for an SBR CBE, It’s vital to use up to date study materials when preparing for your exam. visit this page for guidance on how to approach question practice, including using ACCA’s Approved Content materials have been assessed by ACCA’s examining the new ACCA Practice Platform team to ensure they are of the very highest quality. To find out more, please click n We strongly recommend you complete the Ethics and Professional Skills module on the logo links below: before attempting SBR For an overview of the SBR-INT exam and guidance on how to tackle it, access the SBR-INT ‘Essentials on one page’ resource here

How to approach the Strategic How to Tackling Business Reporting (SBR-INT) exam prepare the exam SBR has a wide ranging syllabus, which includes many accounting standards, Advice from an Most frequently used SBR exam verbs: some introduced in Financial Reporting and others examined only in SBR. expert tutor Current issues, exposure drafts and narrative reporting frameworks also DISCUSS EXPLAIN ADVISE feature. Questions are set in the context of single entities, groups, private or n Make use of ACCA resources public sector, for-profit, or not-for-profit organisations. n Real life reading – eg real Read this article for more about exam verbs To study SBR effectively you need to understand the nature of the exam and company financial statements what you will be asked to do. n Cover the syllabus widely – SBR – The Big Picture breadth rather than depth Question approach: n Practice questions, and take Stakeholders ✓ Analyse the requirements time to review your answers. In SBR, as in the workplace, Ethics Professionalism is If you’re preparing for an SBR ✓ Read the scenario carefully to understand you need to consider the Judgement more than calculating CBE, visit this page for guidance point of view of investors Professionalism on how to approach question issues and any stakeholder perspective and other stakeholders. numbers. It means practice, including using the This means analysing and REPORTING applying ethics new ACCA Practice Platform ✓ Identify relevant technical knowledge n Written aspects are very interpreting information, and judgement to important – don’t just practice n R emember – more than one standard add value, taking numbers may be relevant, and consider the explaining how transactions a holistic view and n Get used to planning and principles from the Conceptual Framework. communicating writing clear answers. affect the financial ✓ Apply this to the scenario professionally. Links to support statements and other resources n Don’t simply regurgitate everything you can remember. Select relevant points reports or explaining n Examining team guidance and explain how they apply to the facts in n Examiner’s reports the scenario accounting treatments n Technical Articles n How to earn professional marks n Y ou may need to produce some and disclosures. n Ethics and Professional Skills module calculations as part of an explanation n Read the mind of the marker – Part 1 but numbers alone will not earn enough • financial and non-financial n Read the mind of the marker – Part 2 marks to pass. • single entities, groups, for-profit, not-for-profit n Tutor video review of the March Knowledge Detailed New detailed 2020 exam gained in knowledge knowledge n Strategic Professional CBE support previous n FAQs exams • standards Writing a good answer • current development – how to demonstrate professionalism: Conceptual Framework n Plan your answer The Conceptual Framework underpins the whole syllabus. The better you know the Framework, the easier it is to learn the principles of each individual standard. n Use headings and short paragraphs n Consider the stakeholders – relevant content and appropriate tone.

Strategic Business Leader (SBL) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT A3 Professionalism, ethical a) Evaluate organisational decisions using the Tucker 5 question approach.[2] What does this mean for me? deletion codes and the public interest For the September 2021-June 2022 exam year, there have been D1 Identification, assessment g) R ecognise and analyse the sector or industry specific nature of many organisation risks.[2] few changes to the syllabus. A new learning outcome has been deletion and measurement of risk added on managing, monitoring and mitigating risk, D2g. You i) Explain and assess the ALARP (as low as reasonably practicable) principle in risk should have a knowledge of and be able to apply the concept of assessment and how this relates to severity and probability.[3] assurance mapping to modern risk management using the ‘four lines of defence’ D2 Managing, monitoring g) A pply the concept of assurance mapping to modern risk management using the ‘four addition and mitigating risk lines of defence’.[3] In addition to this, a new learning outcome has been added on machine learning, AI and robotics, E3. You should be able to E3 Machine learning, a) Explain the potential benefits of using artificial intelligence (AI), robotics and other explain the benefits of using artificial intelligence (AI), robotics addition AI and robotics forms of machine learning to support strategic decisions and the pursuit of corporate and other forms of machine learning to support strategic objectives.[2] decisions and the pursuit of corporate objectives. You should also be able to assess the risk, control and ethical implications of using b) A ssess the risk, control and ethical implications of using (AI), robotics and other forms AI, robotics and other forms of machine learning in the context of of machine learning3 the scenario presented. F2 Audit and compliance c) Respond credibly to requests and enquiries from internal or external auditors.[3] Other employability and digital skills, syllabus area J, is an deletion addition to the syllabus and reflects that the exam will be sat by computer-based exam (CBE), allowing you to demonstrate the G1 Finance function a) Explain the relationship between an organisation’s financial objectives and its business skills required for the workplace. deletion strategy.[2] Recommended resources J Other employability and 1) Use computer technology to efficiently access and manipulate relevant information. addition digital skills n We recommend you make use of all technical articles 2) Work on relevant response options, using available functions and technology, as would available for SBL. be required in the workplace. n The key to exam success is question practice. Visit this page 3) Navigate windows and computer screens to create and amend responses to exam for guidance on how to approach question practice for SBL, requirements, using the appropriate tools. including using the new ACCA Practice Platform 4) Present data and information effectively, using the appropriate tools. n We strongly recommend you complete the Ethics and Professional Skills module before attempting SBL In addition to these changes, there are a variety of minor wording and other changes which have been made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. ACCA Approved Content It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved Content materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. To find out more, please click on the logo links to the right: For an overview of the SBL exam and guidance on how to tackle it, access the SBL ‘Essentials on one page’ resource here

How to approach the Strategic How to earn Tackling Business Leader (SBL) exam Professional Skills marks the exam SBL is a 4 hour integrated case study which examines a breadth of 20% of the total marks will be allocated to Each task will specify an answer format, organisational functions. It assesses not only technical and ethical Professional Skills: for example: skills but the professional skills expected of effective leaders and n Read each requirement: n Prepare a briefing paper … advisers to senior management. • Note the specified answer format (e.g. a memo) n Write a report for the board … • Identify the professional skill (e.g. scepticism) and n Draft a letter … The rationale for the syllabus can be summarised as follows: A task may have more than one requirement, n Leadership and governance recall the sub-skills (e.g. probe, question, challenge) for example “evaluate… and recommend…” n Strategy requires an understanding of risk management • Read the prompt for how to demonstrate n Technology and data analytics are transforming businesses Most frequently used n Organisational control includes internal audit (e.g. ‘by challenging the comments made at SBL exam verbs: n Financial aspects support decision making the emergency meeting’) n Innovation, performance excellence and change management n Bear this skill in mind as you: • Read the requirement again are essential to organisational success. • Actively read the relevant exhibit (e.g. transcript of emergency meeting) SBL – Integrating technical • Think about and plan your answer points EVALUATE DISCUSS RECOMMEND and professional skills n When you prepare your answer: • Present it in the specified format Read this article for more The aim of the syllabus is to combine the main functions • Use suitable headings and subheadings about exam verbs of organisations in the context of leadership capabilities. • Make only relevant points • Avoid repetition Communication Commercial Acumen • Write clearly and concisely • Keep your tone professional Analysis A B C Employability and Technology Links to support Leadership Governance Strategy You should complete the Ethics and Professional Skills resources Module before attempting any of the Strategic Evaluation H D Professional examinations. n Examining team guidance Risk n The importance of effective communication Innovation, Tips for success n How to earn professional marks performance E in the SBL exam n Professional Skills marking guide excellence and Technology n How to approach the SBL exam change management ✓ Plan to study the syllabus content as quickly as possible n Tutor video review of the March 2020 exam and data ✓ Start practicing case study questions as soon as possible. n Specimen exams G F analytics n Past exam questions and answers If you’re preparing for an SBL CBE, visit this page n Examiner’s reports Finance in Organisational for guidance on how to approach question practice, n Passing Strategic Professional exams planning and control and audit including using the new ACCA Practice Platform. n Strategic Professional CBE support decision-making ✓ Work on your professional skills from the outset n FAQs ✓ Attempt each specimen and past exam in 4 hours Scepticism and in full.

How to approach the Advanced Tips for success Tackling Financial Management (AFM) exam in the AFM exam the exam This is an advanced level exam which builds upon the knowledge ✓ The key to exam success is question practice. Most frequently used AFM exam verbs: and skills examined in Financial Management. You will be required to If you’re preparing for an AFM CBE, visit demonstrate your ability to: this page for guidance on how to approach DISCUSS ESTIMATE EVALUATE question practice, including using the new n Read and digest quickly, comprehensive and detailed questions ACCA Practice Platform Read this article for more about exam verbs n A pply relevant knowledge and skills ✓ Break down requirements into all constituent Writing a good answer parts to ensure every part is answered e.g. – how to demonstrate n Exercise the professional judgement expected of a senior September 2018 Question 1(c)(iii): professionalism: financial person n Evaluate the preferred hedge choice and Question 1 will include 4 professional n M ake recommendations or financial management decisions that are n [ Evaluate] the debt finance needed and marks, typically for a report: likely to affect the entire business organisation n [ Evaluate] whether the project should n Use an appropriate format n Plan a logical structure Like a senior financial person at work, you will be expected to read a be undertaken n Use suitable headings and subheadings business brief and decide on a relevant methodical approach to meeting n Considering both financial and non-financial n Write clearly and concisely the brief’s objectives, making notes where necessary. Senior managers work under tight deadlines, and hence prioritising and managing your factors (in the above evaluations) Links to support time is crucial to performing well under examination conditions. resources ✓ Understand what matters to businesses and the AFM – A Senior Advisory Role viewpoints of stakeholders who are interested n Stepping up from FM to AFM in the subsequent decisions based on the n Examining team guidance This strategic option exam is designed for candidates who work in or discussion and evaluation asked for n Examiner’s reports have ambitions to specialise in financial management. It builds on the n Passing Strategic Professional exams assumed knowledge and demands advanced skills and techniques. ✓ Use the information provided in the n How to earn professional marks question scenario n Ethics and Professional Skills module Role of the n Past exam questions and answers senior financial adviser ✓ Communicate findings and recommendations n Tutor video review of the March 2020 exam in the multinational organisation clearly and concisely with easy to follow n Guide to discursive requirements numerical workings supported, where n Read the mind of the marker Advanced investment Acquisitions Reconstruction and Treasury and advanced appropriate, by brief notes n Strategic Professional CBE support appraisal and mergers re-organisation risk management n FAQs ✓ Appreciate that professional skills underpin Advanced Financial Management (AFM) good performance throughout the exam Investment Business Business Risk Advice from the appraisal finance valuations management examining team Financial Management (FM) n Supplement your studies with wider reading n Be aware that more than one topic area of the syllabus may be examined in a question n Relate any discussion or evaluation to the scenario in the question – context is very important n Use your exam time effectively – good time management skills are essential n Structure your answers – presentation is critical

Advanced Performance Management (APM) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT What does this mean for me? A Strategic planning A1g – this learning outcome has been removed. For the September 2021-June 2022 exam and control A1g: Assess the changing role of the management accountant in today’s business environment year, there have been minimal changes to as outlined by Burns and Scapens.[3] the syllabus for APM, though wording of D Strategic A2 – this section has been removed and the PEST model moved to A1e. The rest of the some learning outcomes has been revised or performance subject areas under syllabus section A have been renumbered accordingly. expanded – the detail of these changes can measurement A2: Impact of external factors on performance management be found in the table opposite. A5 – the overall section heading has changed to Environmental, social and governance factors A5b – the example of sustainability has been added to this learning outcome. A5c – input-output analysis has been added to this learning outcome. D6c – this learning outcome has been expanded on. D6c: Discuss and evaluate different methods of reward practices, including the potential beneficial and adverse consequences of linking reward to performance measurement.[3] D6d – this learning outcome has been removed. D6d: Assess the potential beneficial and adverse consequences of linking reward schemes to performance measurement, for example, how it can affect the risk appetite of employees.[3] D7b – this learning outcome has been expanded on to give the statement context. D7b: Assess the statement; ‘What gets measured, gets done’ in the context of performance management.[3] D7c – specific reference to Hopwood’s management styles has been added. ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved n We recommend you make use of all technical articles available for APM, but Content materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. To find out more, please click on the logo links below: we would draw your attention to the following articles in particular: Changes to APM question requirements Read the mind of the marker n The key to exam success is question practice. If you’re preparing for an APM CBE, visit this page for guidance on how to approach question practice, including using the new ACCA Practice Platform n We strongly recommend you complete the Ethics and Professional Skills module before attempting APM For an overview of the APM exam and guidance on how to tackle it, access the APM ‘Essentials on one page’ resource here

How to approach the Advanced Advice from the Tackling Performance Management (APM) exam examining team the exam The APM syllabus has five capabilities which can be summarised as follows: n Remember that APM builds on PM Most frequently used APM exam verbs: knowledge by applying it in more n U se strategic planning and control models complex scenarios ASSESS EVALUATE ADVISE n Assess the impact of risk and uncertainty n Identify and evaluate design features of performance management systems n Create information from the detailed Read this article for more about exam verbs n Apply appropriate strategic performance measurement techniques data provided in the scenario n Advise clients on strategic business performance evaluation n Add value to the organisation with Most of these will feature to some extent in every exam session. comments relevant to the issues at hand APM – A Strategic View Tips for success Writing a good answer in the APM exam – how to earn The exam requires you to build on a good grasp of basic knowledge professional marks: and skills and show awareness that performance management depends ✓ The key to exam success is question on an organisation’s specific situation and environment. practice. If you’re preparing for an APM Question 1 will include 4 professional CBE, visit this page for guidance on how marks, typically for a report: Fulfil advisory role – add value to approach question practice, including n Use an appropriate format using the new ACCA Practice Platform n Plan a logical structure Create information from detailed data n Use suitable headings and subheadings ✓ Understand the links between issues n Write clearly and concisely Build on knowledgeNEW KNOWLEDGE NEW SKILLS Build on skills at the strategic, tactical and operational Links to support SWOT Porter BCG Assess/Evaluate levels resources PEST McKinsey’s 7Ss Recommend BPR “the cloud” Respond ✓ Understand in particular how the choice n Examining team guidance Lean systems Justify n Examiner’s reports EVATM Kaizen Advise of operational performance measures n Reading the requirements for APM Six Sigma affects strategic performance n Technical articles n Improving your APM answers (part 1) Performance ✓ Be able to apply PM knowledge to n Improving your APM answers (part 2) Management n Passing Strategic Professional exams Management more complex scenarios n How to earn professional marks Accounting n Ethics and Professional Skills module ✓ Use any exhibit, information, model n Past exam questions and answers n Big data and performance management or technique explicitly referred to in n Developments in IT and the impact on a requirement performance management – Part 1 ✓ Interpret and further analyse data n Developments in IT and the impact on provided performance management – Part 2 n Read the mind of the marker ✓ Be selective in making calculations n Strategic Professional CBE support ✓ Assess alternative approaches from n FAQs different perspectives ✓ Justify advice using the evidence given in the scenario ✓ Quantify comments, where possible ✓ Discuss commercial implications

How to approach the Advanced Preparation Tackling the exam Taxation (ATX-UK) exam advice from the examining team Most frequently used ATX exam verbs: You will need a detailed knowledge of the ATX-UK syllabus. This includes assumed knowledge of technical areas brought n ‘Know your stuff’ – you must PREPARE CALCULATE EXPLAIN forward from the TX-UK syllabus, which must be refreshed and • Have thorough, precise knowledge updated for the examinable Finance Act. Read this article for more about exam verbs Be aware that: of the entire syllabus n All questions will be scenario-based • Refresh brought forward knowledge These are not mutually exclusive, for example: n A ll questions will contain a mixture of computational and “Prepare the following notes and calculations…” from the TX-UK syllabus “Calculate … with supporting explanations …” and discursive elements “Explain … with supporting calculations …” n M ore than one topic area of the syllabus may be examined n Practice questions under exam conditions in the ACCA Practice Platform Writing a good answer in each question – how to demonstrate n Questions may involve n Learn how to spot “triggers” which are there professionalism: • Consideration of more than one tax to point you towards the required answer • Some elements of planning Question 1 will include 4 professional marks, • The interaction of taxes n Be prepared to answer questions on typically for a memo or notes to your tax ethical issues manager. Marks may be awarded for: ATX – ‘Think more – write less’ n Be ruthless in critiquing your answers n Overall presentation of the requested format Heed this mantra from the examining team to improve n The approach taken to problem solving your performance. Tips for success n Clarity of explanations and calculations in the ATX exam n Relevant advice Requirements are everything – n Effectiveness of communication What have you been asked to do? ✓ Identify all the requirements in the Section A What do you not need to do? case study questions in: Links to support resources How will you do what the requirement is n The requirements section asking? Planning your answers is crucial. n The document referenced in the scenario n Technical articles including relevant Finance Act n Examining team guidance Have you identified the relevant issues? (eg e-mail from your manager) n Passing Strategic Professional exams n How to earn professional marks Have you thought about the point you ✓ Allow sufficient time to analyse requirements n Ethics and Professional Skills module want to make, before you start writing? into all constituent parts to ensure every part n Past exam questions and answers This will help you to write concisely. is answered n ACCA Practice Platform n CBE preparation videos Make sure you know why you’re doing a ✓ If given certain figures to use, do not waste particular calculation before you prepare it. time recalculating them Will it help you to answer the requirement? ✓ Relate any calculation or discussion to the context in the given scenario ✓ Do not waste time addressing issues which have not been asked for ✓ Appreciate that professional skills are required throughout all answers to achieve high marks ✓ Ensure you are familiar with the CBE environment (refer to Links to support resources in this document)

Advanced Audit and Assurance (AAA-INT) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT What does this mean for me? D1d) Interpret the results of analytical procedures, New learning outcome to specifically For the September 2021-June 2022 exam year, there have been some additions to the syllabus. in an unbiased manner and apply professional reflect the requirements of ISA 315 scepticism to support the identification of (Revised 2019) in relation to the use Learning outcome D1 in relation to the evaluation of risk requires you to evaluate and prioritise contradictory information and assessment of of analytical procedures in risk risks. This reflects the requirements of ISA 315 (revised) around the determination of significant risks of material misstatement.[3] assessment. risks in relation to a spectrum of inherent risk. Questions may ask for the significant business risk/ ROMM and audit risks to ensure that you are focussing and prioritising risks which are at the upper D2c) Evaluate and interpret the results of data New learning outcome regarding the end of the spectrum. use of automated tools and techniques analytics tools when used during planning or by the auditor, specifically the use of The learning outcomes in relation to automated tools and techniques, particularly data analytics evidence collection.[2] and output from data analytics. have been extended this year. The introduction of learning outcome D2 requires the ability to evaluate and interpret the results generated from these techniques both at the planning and G2c) Discuss the proposed changes to the audit New learning outcome regarding evidence collection stage of the audit. You may be presented with results of these techniques in profession and critically evaluate the the impact of ongoing audit reform a variety of formats and asked to consider the results specifically or to utilise the results as part of implications of these changes for companies proposals. planning work. and audit firms and their impact on audit process and quality.[3] Additional learning outcomes have been added to the current issues section of the syllabus in relation to audit reform and the impact of global events on audit practice. You will be expected to G2e) Discuss the impact of significant global New learning outcome regarding have a high-level awareness of the issues and proposals surrounding audit reform and how major events on audit practice.[3] the impact of global events on the world events have an impact on the profession. audit profession. In addition to these changes, other learning outcomes have been extended or revised to reflect the Recommended resources requirements of ISA 315, in addition to other minor wording changes made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. ACCA Approved Content n We recommend you make use of all technical articles available for AAA, but we It’s vital to use up to date study materials when preparing for your exam. would draw your attention to the following articles in particular: ACCA’s Approved Content materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. To find out more, please click Exam technique – Ethics Read the mind of the marker on the logo links below: Exam technique – Risk AAA INT 21-22 examinable documents Exam technique – Accounting issues Exam technique – Audit procedures Exam technique – Auditor reporting n The key to exam success is question practice. If you’re preparing for an AAA CBE, visit this page for guidance on how to approach question practice, including using the new ACCA Practice Platform n We strongly recommend you complete the Ethics and Professional Skills module before attempting AAA For an overview of the AAA-INT exam and guidance on how to tackle it, access the AAA-INT ‘Essentials on one page’ resource here

How to approach the Advanced How to Tackling Audit and Assurance (AAA-INT) exam prepare the exam AAA has a wide ranging syllabus, which includes the audit of historical Advice from an Most frequently used AAA exam verbs: financial information (‘audit’) and other specific assignments. It builds expert tutor on the Audit and Assurance and Strategic Business Reporting (SBR) EVALUATE EXPLAIN DISCUSS exams, by introducing more complex topics and covering the basic topics n Make use of ACCA resources from different angles to reflect the challenges auditors will face in their n Cover the entire syllabus Read this article for more about exam verbs professional life. Current issues, exposure drafts and developments in audit n Learn how to apply and including emerging technologies also feature. Questions are set in the context of single entities, groups and private or public sector organisations. use knowledge n Practice planning questions, To prepare for AAA effectively you need to understand the nature of the exam and what you will be asked to do. writing full answers and review them thoroughly. If you’re AAA – The aim of the syllabus is to analyse, evaluate preparing for an AAA CBE, Question approach: In Essence and conclude on the assurance engagement and visit this page for guidance other audit and assurance issues in the context on how to approach question ✓ Analyse the wording of the requirements of best practice and current developments. practice, including using the new ACCA Practice Platform carefully Audit and Assumed knowledge n Wider reading, for example Assurance – of financial reporting news of current issues and ✓ Use the mark allocation to guide the length Underpinning developments in auditing knowledge and breadth of the answer you should plan and skills Links to support resources ✓ Read the first paragraph to understand the Engagement n Examining team guidance assignment Audit of Planning Financial n Technical articles historical Performance Accounting n Passing Strategic Professional exams ✓ Invest time in active reading of the scenario financial n How to earn professional marks statements n Ethics and Professional Skills module ✓ Identify relevant technical knowledge n Tutor video review of March 2020 exam n Past exam questions and answers n Accounting as well as auditing n Examiner’s reports n Strategic Professional CBE support ✓ Apply this to the scenario n FAQs n Read the mind of the marker n Organise your planned points n Check you have used all information and exhibits before writing out your answer Completion Writing a good answer & Reporting – how to demonstrate professionalism: NEW detailed n Pay attention to layout and presentation knowledge n Write clearly and concisely Topical issues n Relevant content – must ‘add value’ – affecting the profession not simply restate facts or knowledge.

How to approach Corporate and Business Law (LW-ENG) What is LW about? Steps to Tackling success the exam Corporate and Business Law develops a core level of knowledge and skills around a general legal framework in ✓ If possible, study with an Approved Section A (70 marks) the context of business. Learning Partner and use Approved n 25 objective test (OT) questions, Learning Content LW: An overview each worth 2 marks ✓ Study the whole syllabus n 20 objective test (OT) questions, LW recognises that candidates are potential accountants, rather than potential lawyers. The aim is to develop knowledge and skills in the understanding of the general legal framework, specific ✓ Practice exam standard questions, each worth 1 mark business areas and when to seek specialist legal advice where necessary. to time, including the Specimen Exam and Practice Tests Tips for answering Essential elements of the UK legal system OT questions including the court system and sources of law ✓ Ensure you are competent ✓ Read the question carefully working in the Computer Based ✓ Think before answering, don’t rush! The Law of Law relating to Formation and constitutions of business Exam environment ✓ If not sure, eliminate other answers obligations Employment organisations (Agency, partnerships, (contract ✓ Attempt at least two full exams to help find the correct answer (contract dismissal and corporations and formation of companies) under exam conditions, debrief ✓ Answer all questions even if unsure and Tort) redundancy) your answers, then focus your study on weaker areas of the answer Capital Management, Legal and the administration implications ✓ Book your CBE exam in advance at Section B (30 marks) financing of and regulation one of the on-demand CBE centres n Five six-mark multi-task questions, companies of companies relating to Insolvency Law Key each containing a scenario and a series resources of related tasks Develop an understanding of Corporate fraudulent and criminal behaviour (money laundering, bribery, market abuse, management fraud) Links to key resources: Tips for answering n Examining team guidance multi-task questions n Specimen exam ✓ Read and ensure you n Practice tests n Technical articles understand the scenario n Preparing for on-demand CBEs ✓ Read the questions carefully n How to book an on-demand exam ✓ Think before answering, don’t rush! n On demand centre list ✓ Answer all questions even if unsure of the answer ✓ Attempt exam standard questions as possible along with the practice tests and specimen exam

Performance Management (PM) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT What does this mean for me? A3 Information systems and A3d is a new learning outcome. For the September 2021-June 2022 exam year, a new learning outcome has been data analytics A3d: Explain the purpose of the big data pyramid added on Big Data, A3d. You should have a knowledge of and be able to explain (data, information, knowledge, wisdom). [2] the purpose of the Big Data pyramid (including data, information, knowledge, and wisdom). Subsequent learning outcomes have been reordered accordingly. In addition to this, a new learning outcome has been added on Quantitative techniques, D2b. You will be expected to be able to explain and apply analysis D2 Quantitative techniques D2b is a new learning outcome focused on techniques including correlation (calculation of the correlation coefficient and the analytical techniques. coefficient of determination), regression (calculation of a and b and establishing D2b: Explain and apply analysis techniques the trend line y = a + bx), and time series (moving averages, trend line, additive including correlation, regression and time series.[2] and multiplicative seasonal adjustments). This will build on knowledge from MA. It is therefore expected you will be able to demonstrate a greater understanding Subsequent learning outcomes have been of these techniques and be able to apply them to a scenario. reordered accordingly. In addition to these changes, there are a variety of minor wording and other changes which have been made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. n We recommend you make use of all technical articles available for PM, but we ACCA’s Approved Content materials have been assessed by ACCA’s examining would draw your attention to the following articles in particular: team to ensure they are of the very highest quality. To find out more, please click on the logo links below: Big data 1: What is big data? Big data 2: How companies use big data Read the mind of the marker n The key to exam success is question practice. Visit this page for guidance on how to approach question practice for PM, including using the new ACCA Practice Platform For an overview of the PM exam and guidance on how to tackle it, access the PM ‘Essentials on one page’ resource here

How to approach Performance Management (PM) What is PM about? Steps to Tackling success the exam Performance Management provides you with the skills required to apply management accounting techniques to information for ✓ If possible, study with an Section A (30 marks) planning, decision-making, performance evaluation and control. Approved Learning Partner n 15 objective test (OT) questions, and use Approved Content PM: An overview each worth 2 marks ✓ Study the whole syllabus INFORMATION, Cost and PERFORMANCE Section B (30 marks) TECHNOLOGIES management MEASUREMENT ✓ Ensure you understand methods n Three OT cases with five OT questions AND SYSTEMS AND CONTROL rather than just focus on how to accounting do the calculations worth 2 marks each, 10 marks per case techniques ✓ Practice exam style and standard Tips for answering Decision- questions, to time, using the OT questions making ACCA Practice Platform techniques ✓ Read the question and ✓ Develop your skills in answering scenario carefully Budgeting constructed response questions techniques, ✓ Adhere to the rounding instructions planning and ✓ Attempt at least two full exams for “Fill in the Blank” questions under exam conditions, debrief control your answers, then focus your ✓ Answer all questions revision on weaker areas Section C (40 marks) Key n Two scenarios which relate to one resources or more requirement(s) n Examiner approach n Objective test questions for Tips for answering Section C questions session CBEs n Guide to session CBEs ✓ Be strict in allocating 36 minutes to n Approaching PM constructed each question response questions ✓ Always read the requirement(s) first n Read the mind of a PM marker ✓ Approach numerical questions n Examining team guidance n ACCA Practice Platform logically n Information systems ✓ Show all workings – do not simply n Big data “plug” results of calculations ✓ S tructure narrative answers around an answer plan ✓ U se headings, clear paragraphs and concise sentences ✓ A ttempt all requirements

How to approach Taxation (TX-UK) FA2020 What is TX about? Steps to Tackling success the exam Taxation provides you with the skills required to compute tax liabilities and apply basic tax planning techniques for ✓ If possible, study with an Section A (30 marks) individuals and companies. Approved Learning Partner n 15 objective test (OT) questions, and use Approved Content TX: An overview each worth 2 marks ✓ Study the whole syllabus The UK tax system, the obligations of tax payers Section B (30 marks) and the implications of non-compliance ✓ Practice exam style and standard n Three OT cases with five OT questions questions, to time, using the Individuals Value added tax Companies ACCA Practice Platform worth 2 marks each, 10 marks per case Income tax Corporation ✓ Develop your skills in answering Tips for answering liabilities tax liabilities: constructed response questions OT questions • i ndividual NIC on: ✓ Practice using CBE functionality ✓ Read the question and • employees companies appropriately scenario carefully • employers • g roups of • self-employed ✓ Attempt at least two full exams ✓ Adhere to the rounding instructions companies under exam conditions, debrief for “Fill in the Blank” questions Chargeable your answers, then focus your gains arising revision on weaker areas ✓ Answer all questions Inheritance tax Key Section C (40 marks) liabilities resources n Three scenarios which typically relate n Finance Act 2020 to three requirements n Examiner’s approach n Objective test questions for Tips for answering Section C questions session CBEs ✓ A llocate 27 minutes to each n Guide to session CBEs n Higher skills 15 mark question (18 minutes n Examining team guidance to the 10-mark question) n ACCA Practice Platform ✓ A lways read the requirement(s) first ✓ Focus on a well-structured layout ✓ P resent all workings – do not simply “plug” results of calculations ✓ Make clear statements for narrative answers and avoid repetition ✓ A ttempt all requirements

Financial Reporting (FR) – further information about changes to learning outcomes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT For clarification Throughout Replaced ‘accounting standards’ with What does this mean for me? ‘IFRS Standards’ For the September 2021-June 2022 exam year, there have B1 (b) Changed to ‘Identify subsequent Replaced ‘capital and revenue items’ been no changes to the syllabus for FR, though wording of expenditure that may be capitalised, with ‘asset and expense’ to reflect IFRS some learning outcomes has been revised – the detail of distinguishing between asset and Standards and remove any ambiguity these changes can be found in the table opposite. expense items’ with the use of the word ‘capital’. ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. ACCA’s n We recommend you make use of all technical articles Approved Content materials have been assessed by ACCA’s examining team to ensure available for FR. In addition, we draw your attention to they are of the very highest quality. To find out more, please click on the logo links below: the examinable documents 21/22. n The key to exam success is question practice. Visit this page for guidance on how to approach question practice for FR, including using the ACCA Practice Platform. For an overview of the FR exam and guidance on how to tackle it, access the FR ‘Essentials on one page’ resource here

How to approach Financial Reporting (FR) What is FR about? Steps to Tackling success the exam Financial Reporting provides you with the skills required to apply accounting standards and the conceptual framework ✓ If possible, study with an Section A (30 marks) in the preparation of financial statements and how to analyse Approved Learning Partner n 15 objective test (OT) questions, and interpret those financial statements. and use Approved Content each worth 2 marks FR: An overview ✓ Study the whole syllabus ✓ Ensure you understand theories Section B (30 marks) THE CONCEPTUAL Accounting for ANALYSIS AND n Three OT cases with five OT questions AND REGULATORY transactions INTERPRETATION and techniques rather than just in financial focus on how to do the calculations worth 2 marks each, 10 marks per case FRAMEWORK statements OF FINANCIAL ✓ Practice exam style and standard STATEMENTS questions, to time, using the Tips for answering FOR FINANCIAL Preparing ACCA Practice Platform OT questions REPORTING single entity ✓ Develop your skills in answering constructed response questions ✓ Read the question carefully financial ✓ Attempt at least two full exams ✓ Adhere to the rounding instructions statements under exam conditions, debrief your answers, then focus your for “Fill in the Blank” questions Preparing revision on weaker areas ✓ Answer all questions consolidated Key Section C (40 marks) financial resources n Two scenarios which relate to one statements n Examiner approach or more requirement(s) n Objective test questions for session Tips for answering CBEs Section C questions n Guide to session CBEs n How to approach performance ✓ B e strict in allocating 36 minutes to each question appraisal questions n Read the mind of an FR marker ✓ A lways read the requirement(s) first n Examining team guidance ✓ P resent all workings – do not simply n ACCA Practice Platform n Analysing a statement of cash flows “plug” results of calculations n Tell me a story ✓ S tructure narrative answers around n Revenue revisited n Financial instruments an answer plan n Examinable documents 21/22 ✓ Use headings, make clear statements and avoid repetition ✓ A lways include a conclusion on the analysis discussion ✓ A ttempt all requirements

Audit and Assurance (AA) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT What does this mean for me? B4 Planning and risk assessment B4 and Understanding the entity, its environment and the applicable financial reporting framework For the September 2021-June B4a) Wording revised to reflect ISA 315 a) E xplain how auditors obtain an initial understanding of the entity, its environment and the applicable financial 2022 exam year, there are no significant changes to the (Revised 2019) reporting framework.[2] syllabus. Please note that several learning outcomes have been C1 Internal control C1a) and C1b) Internal control systems updated to reflect ISA 315 Updated to reflect ISA 315 a) E xplain why an auditor needs to obtain an understanding of the components of internal control relevant to the (revised 2019). These are detailed in the table to the left. Due to the (Revised 2019) preparation of the financial statements.[1] change in terminology in ISA 315, questions relating to key controls b) Describe and explain the five components of a system of internal control[2] will refer to direct controls. i) control environment iv) the information system and communication In addition, the wording of learning outcomes on assertions ii) the entity’s risk assessment process v) control activities and audit evidence, D1 and the independent auditor’s report, E5c iii) the entity’s process to monitor the system of internal control and E5d have been updated. C2 Internal control C2 and C2a) The use and evaluation of systems of internal control by auditors Wording revised to reflect ISA 315 a) E xplain how auditors record systems of internal control including the use of narrative notes, flowcharts and (Revised 2019) questionnaires.[2] C3 Internal control C3a) and C3b) Tests of controls Updated to reflect revised terminology a) D escribe computer systems controls including general IT controls and information processing controls.[2] used by ISA 315 (Revised 2019) b) D escribe control objectives, control procedures, control activities, direct controls, indirect controls and tests Internal control C3bv) Revised for of controls in relation to:[2] clarification to include bank i) The sales system iii) The payroll system v) The bank and cash system ii) The purchases system iv) The inventory system vi) Non-current assets C4 Internal control C4b) Minor rewording b) E xplain, in a format suitable for inclusion in a report to management, significant deficiencies within a system to reflect ISA 315 (Revised 2019) of internal control and provide control recommendations for overcoming these deficiencies to management.[2] Multiple learning outcomes have been updated/ revised to reflect the requirements of ISA 315, in addition to other minor wording changes made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved n We recommend you make use of all technical articles available for AA, but we Content materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. To find out more, please click on the logo links below: would draw your attention to the following articles in particular: Going concern The auditor’s report The audit of assertions Examinable documents 21/22 Read the mind of the marker ACCA Code of Ethics (p259 onwards in Rulebook) n The key to exam success is question practice. Visit this page for guidance on how to approach question practice for AA, including using the new ACCA Practice Platform For an overview of the AA exam and guidance on how to tackle it, access the AA ‘Essentials on one page’ resource here

How to approach Audit and Assurance (AA) What is AA about? Steps to Tackling success the exam Audit and Assurance provides you with an understanding of the knowledge and application skills required to carry out an ✓ If possible, study with an Approved Section A (30 marks) audit engagement. Learning Partner and use Approved n Three OT cases with five OT questions Content AA: An overview worth 2 marks each, 10 marks per case ✓ Study the whole syllabus and ensure your Accept audit engagement knowledge of ISAs and relevant financial Tips for answering Understand the entity and its environment accounting is at an appropriate level OT questions Assess the risk of material misstatement ✓ Practice exam style and standard ✓ Read each question carefully YES Effective NO questions, to time, using the ACCA ✓ Think before answering controls Communicate Practice Platform ✓ If unsure, eliminate incorrect answers Tests of controls expected? ✓ Answer all questions Satisfactory Unsatisfactory deficiencies ✓ Develop your ability to construct Full substantive effective written response answers Section B (70 marks) Reduced substantive n Three scenarios with two or more procedures procedures ✓ Carefully review how correct answers to OT questions were derived requirements Final review Report to Auditor’s report management ✓ Develop your skills in providing effective Tips for answering narrative answers Section B questions ✓ Attempt at least two full exams under ✓ Read each requirement carefully exam conditions, debrief your answers, to understand what is asked for then focus your revision on weaker areas ✓ Draw on the scenario to plan the Key points you need to make resources ✓ Use concise headings n Examiner approach ✓ Make clear and concise points n Objective test questions for session CBEs n Guide to session CBEs specific to the given scenario n Answering audit risk questions ✓ Describe “how” procedures should n Read the mind of the AA marker n Examining team guidance be performed n ACCA Practice Platform ✓ Do not give rote-learnt answer points n Going concern ✓ Attempt all requirements n The auditor’s report n The audit of assertions n Examinable documents 21/22

How to approach Financial Management (FM) What is FM about? Steps to Tackling success the exam Financial Management provides you with the skills required to effectively manage the finance function of an organisation. ✓ If possible, study with an Section A (30 marks) Approved Learning Partner n 15 objective test (OT) questions, FM: An overview and with Approved Content each worth 2 marks CORPORATE OBJECTIVES AND STAKEHOLDER OBJECTIVES ✓ Study the whole syllabus ✓ Practice exam style and standard Section B (30 marks) Financial Approaches n Three OT cases, each containing objectives to risk questions, to time, using the ACCA Practice Platform a scenario with five OT questions worth management ✓ Develop your ability to construct 2 marks each, 10 marks per case effective written response answers K Working Foreign R ✓ Ensure you are competent Tips for answering E capital exchange I working in the Computer Based OT questions Y management S Exam environment ✓ Read the question carefully risk K ✓ Attempt at least two full exams ✓ Think before answering, don’t rush! D Effective M under exam conditions, debrief ✓ A nswer all questions even if unsure E finance Foreign A your answers, then focus your C Business manager exchange N study on weaker areas of the answer I finance hedging A G Key Section C (40 marks) S Interest E resources n Two scenarios which relate to one I rate M O E n Examiner approach or more requirement(s) N Investment hedging N n Objective test questions for S appraisal T Tips for answering session CBEs Section C questions Business Interest n Guide to session CBEs ✓ Plan your answer valuations rate risk n How to approach discursive ✓ A nswer the requirement directly ✓ Refer to the scenario THE ECONOMIC ENVIRONMENT FOR BUSINESS questions in FM ✓ Break your answer up with headings n Examining team guidance ✓ Be clear and concise, but ensure you n ACCA Practice Platform n Working capital management develop each point in your answer n Dividend theory ✓ Attempt all parts of all questions n Inflation and investment appraisal n Read the mind of the FM marker

How to approach Business and Technology (BT) What is BT about? Steps to Tackling the exam success Business and Technology (BT) is concerned with ensuring Section A (76 marks) that businesses operate efficiently, effectively and ethically. ✓ If possible, study with an Approved n 46 objective test (OT) questions, each worth Learning Partner and use Approved BT: An overview Learning Content 1 or 2 marks n There will be 16 one-mark and 30 two-mark Business and Technology is a gateway paper which covers many topics but on a ✓ Study the whole syllabus relatively shallow level. It is important not to drill down too deeply in any given questions. topic, so you can spread your time on individual topics evenly. ✓ Practice exam standard questions, to time, including the Specimen Tips for answering The purpose and type of business organisation, Exam and Practice Tests OT questions who are the stakeholders and how does the business ✓ Read the question carefully ✓ Ensure you are competent working ✓ Think before answering, don’t rush! interact with the external environment in the Computer Based Exam ✓ If not sure, eliminate other answers to environment Understand the business Leading help find the correct answer organisational structure, the functions and ✓ Attempt at least two full exams ✓ Answer all questions even if unsure of and the role of corporate governance under exam conditions, debrief managing your answers, then focus your study the answer Recognise the functions of accounting individuals on weaker areas and reporting systems and technology. and teams Section B (24 marks) Understand compliance, controls and security ✓ Book your CBE exam in advance at n There will be six multi-task questions (MTQ) in one of the on-demand CBE centres Understand personal effectiveness part B of the paper, each worth four marks. There and communication within the teams Key are six syllabus areas and there will be one MTQ resources on each of them. Each MTQ will be specific to a and across the organisation syllabus area, with no crossover between the six Links to key resources: generic parts of the syllabus. What are the expected values and professional n Examining team guidance ethics in accounting and business? n Specimen exam Tips for answering n Practice tests multi-task questions n Technical articles ✓ Read and ensure you n Preparing for on-demand CBEs n How to book an on-demand exam understand the scenario n On demand centre list ✓ Read the questions carefully ✓ Think before answering, don’t rush! ✓ Answer all questions even if unsure of the answer

Management Accounting (MA) – guidance on syllabus changes What’s changing? SECTION AND SUBJECT AREA SYLLABUS CONTENT What does this mean for me? A2 Sources of data A2a – new learning outcome. For the September 2021-August 2022 exam year, a A2a: Describe the three main data sources: machine/sensor, transactional and human/social.[K] new learning outcome has been added on sources of Previous learning outcomes A2a – A2c renumbered as A2b – A2d data, A2a. You may be required to describe the three main data sources; machine/sensor, transactional and B3 Summarising and B3a – new learning outcome. human/social. analysing data B3a: Describe the five characteristics of big data (volume, variety, velocity, value and veracity).[K] In addition to this, new learning outcomes have been B3b – new learning outcome. added in summarising and analysing data, B3. You B3b: Explain the three types of big data: structured, semi-structured and unstructured.[K] may be required to describe the five characteristics of big data (volume, variety, velocity, value and veracity). B3d – new learning outcome. You should also be able to explain the types of big B3d: Describe the two types of data: categorical (nominal and ordinal) and numerical data (structured, semi-structured and unstructured), (continuous and discrete).[S] as well as explain the terms descriptive analysis and inferential analysis. Lastly, you may be asked to B3e – new learning outcome. describe the two types of data; categorical (nominal B3e: Explain the terms descriptive analysis and inferential analysis.[K] and ordinal) and numerical (continuous and discrete). Previous learning outcomes B3b – B3e – renumbered as B3f – B3j In addition to these changes, there are a variety of minor wording and other changes which have been made for clarity. If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document. ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved Content n We recommend you make use of all technical materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. articles available for MA. To find out more, please click on the logo links below: n The key to exam success is question practice. Visit this page for guidance on how to approach question practice for MA, including using the specimen exams to prepare for your exam. For an overview of the MA exam and guidance on how to tackle it, access the MA ‘Essentials on one page’ resource here

How to approach Management Accounting (MA) What is MA about? Steps to Tackling success the exam Management Accounting introduces the elements of management accounting which are used to support ✓ If possible, study with an Approved Section A (70 marks) decision-making in an organisation. Learning Partner and with n 35 objective test (OT) questions, Approved Learning Content MA: An overview each worth 2 marks ✓ Study the whole syllabus Management accounting (MA) aims to develop knowledge and understanding of management Tips for answering accounting techniques to support management in planning, controlling and monitoring business ✓ Practice exam standard questions, OT questions performance. This knowledge is then the platform to develop further in the skills and professional to time, including the Specimen ✓ Read the question carefully exams, PM, APM and SBL. Exam and Practice Tests ✓ Think before answering, don’t rush! ✓ Ensure you do your workings even Explain the nature, source and purpose of management information ✓ Ensure you are competent working in the Computer Based Exam though you do not need to show them Data analysis and statistical techniques environment ✓ If not sure, eliminate other answers Prepare budgets for Explain ✓ Attempt at least two full exams to help find the correct answer planning and control and apply under exam conditions, debrief ✓ Answer all questions even if unsure your answers, then focus your study Actual costs v Standard costs cost on weaker areas of the answer accounting Performance measurements and techniques ✓ Book your CBE exam in advance at Section B (30 marks) monitor business performance one of the on demand CBE centres n There will be 3 MTQ’s in this section Key each worth 10 marks. Each MTQ will resources examine budgeting, standard costing and performance management syllabus areas. Links to key resources: n Examining team guidance Tips for answering n Specimen exam multi-task questions n Practice tests ✓ Read and ensure you n Technical articles n Preparing for on-demand CBEs understand the scenario n How to book an on demand exam ✓ Read the questions carefully n On demand centre list ✓ Think before answering, don’t rush! ✓ Ensure you do your workings even though you do not need to show them ✓ Answer all questions even if unsure of the answer

Financial Accounting (FA) – further information about changes to learning outcomes What’s changing? SYLLABUS CONTENT What does this mean for me? SECTION AND SUBJECT AREA Wording updated in c), d) to replace ‘capital For the September 2021-August 2022 exam year, there D4 Tangible non-current assets and expenses’ with ‘asset’ or ‘asset have been no changes to the syllabus for FA, though expenditure’ and expenses’ wording of some learning outcomes has been revised – the detail of these changes can be found in the table opposite. F1 Statements of financial position Clarified ‘reserves’ by inserting ‘equity’ to b) and c) to make terminology more consistent with IFRS ACCA Approved Content Recommended resources It’s vital to use up to date study materials when preparing for your exam. ACCA’s n We recommend to make use of all technical articles Approved Content materials have been assessed by ACCA’s examining team to ensure available for FA. In addition, we draw your attention to they are of the very highest quality. To find out more, please click on the logo links below: the examinable documents 21/22. n The key to exam success is question practice. Visit this page for guidance on how to approach question practice for FA, including using the specimen exams to prepare for your exam. For an overview of the FA exam and guidance on how to tackle it, access the FA ‘Essentials on one page’ resource here

How to approach Financial Accounting (FA) What is FA about? Steps to Tackling success the exam Financial Accounting introduces the fundamentals of preparing financial accounts, the regulatory framework around financial ✓ If possible, study with an Approved Section A (70 marks) statements and the qualitive characteristics of useful financial Learning Partner and with n 35 objective test (OT) questions, information. It covers the recording of transactions through to Approved Learning Content the preparation of the financial statements. each worth 2 marks ✓ Study the whole syllabus FA: An overview Tips for answering ✓ Practice exam standard questions, OT questions Financial Accounting (FA) aims to develop knowledge and understanding of the basic principles to time, including the Specimen ✓ Read the question carefully and concepts of financial accounting. It also provides the technical skills for using double-entry Exam and Practice Tests ✓ Think before answering, don’t rush! accounting techniques. This knowledge is the platform to then develop further in more complex ✓ Ensure you do your workings even accounting issues covered in the skills and strategic papers, FR and SBR. ✓ Ensure you are competent working in the Computer Based Exam though you do not need to show them The context The qualitive Recording environment ✓ If not sure, eliminate other answers and purpose characteristics transactions of Financial and events ✓ Attempt at least two full exams to help find the correct answer of financial under exam conditions, debrief ✓ Answer all questions even if unsure Reporting information your answers, then focus your study on weaker areas of the answer Demonstrate the use of double-entry and accounting systems ✓ Book your CBE exam in advance at Section B (30 marks) one of the on demand CBE centres n There will be 2 multi-task questions (MTQ) Prepare a trial balance Key in this section each worth 15 marks. Each resources MTQ will be specific to a syllabus area. Links to key resources: Tips for answering n Examining team guidance multi-task questions n Specimen exam ✓ Read and ensure you n Practice tests n Technical articles understand the scenario n Preparing for on-demand CBEs ✓ Read the questions carefully n How to book an on-demand exam ✓ Think before answering, don’t rush! n On demand centre list ✓ Ensure you do your workings even though you do not need to show them ✓ Answer all questions even if unsure of the answer