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Syllabus Update

Summary of syllabus changes (From 2010 to 2011)
Paper Name	Major Syllabus Changes	Impact on the Examination	Changes Effective from
Accountant in Business	The changes will be announced by ACCA shortly.	A different exam style will be introduced. Section A 16 one-mark objective test questions 30 two-mark objective test questions Section B 6 four-mark longer version objective test questions, one taken from each of the six sections of the syllabus.	Dec-11
Management Accounting	The changes will be announced by ACCA shortly.	A different exam style will be introduced. Section A 35 two-mark short objective test questions Section B 3 10-mark longer objective test questions with questions based on budgeting, standard costing and performance measurement.	Dec-11
Financial Accounting	The changes will be announced by ACCA shortly.	A different exam style will be introduced. Section A 35 two-mark short objective test questions Section B 2 15-mark longer version objective test questions with one question based on group accounts and the other on preparation of financial statements (which may include an element of interpretation of accounts).	Dec-11
Corporate and Business Law	No changes have been proposed in any variant.	None	None
Performance Management	In the new syllabus, Relevant costing and Cost-profit volume analysis from Section F of Paper F2 has been introduced as Section B of Paper F5. Back flush accounting has been deleted from Section A and Environmental accounting has been added to it.	No impact on the existing exam pattern.	Jun-11
Taxation	A new section on Inheritance Act has been added. It will mainly focus on the computational element of this topic. Moreover, VAT will now include overseas transactions.	--	Jun-11
Financial Reporting	The new syllabus now includes the information required to be used in practice while preparing group accounts.	These changes will not have much effect on the style or content of the questions asked in the exam.	Jun-11
Audit and Assurance	The syllabus will now include certain additional aspects of audit framework, internal audit planning and risk as well as audit evidence.	The changes will have minimal effect on the style or content of the questions asked in the exam.	Jun-11
Financial Management	A new study guide on Islamic Finance has been added. The new Study Guide will cover: Islamic sources of finance Islamic concept of interest Islamic financial instruments There will be no deletions from the existing syllabus.	This will have no impact on the existing exam pattern. However, you can expect a theoretical question on Islamic Finance.	Jun-11
Professional Accountant	The syllabus now provides a wider coverage of risk assessment and management responses to changes in the risk profile and strategic aspects of financial risk.	--	Jun-11
Corporate Reporting	There are minor changes to the syllabus. The syllabus will now include entity reconstructions and liquidation of a company versus reconstruction to align it with recent economic events. IFRS for small and medium-sized entities (SMEs) will be tested in more detail. IFRICs will not be examinable.	No impact on the existing exam pattern.	Jun-11
Business Analysis	The syllabus will now include aspects of forecasting, budgeting, cost accounting and decision making relevant to business analysis. The quality section and performance aspects of HR management have been removed to Paper P5 in order to address overlaps.	These changes will impact the entire paper. Hence, the original 2007 Pilot Paper has been updated considering the new syllabus.	Jun-11
Advanced Financial Management	The syllabus will be re-arranged by grouping/splitting of items to make the Study Guides clearer. Moreover, it will be better aligned with Paper F9. No significant topics will be added but some would be removed to provide more coherence.	--	Jun-11
Advanced Performance Management	The syllabus has been restructured to align it with the syllabus of Paper F5 and to cut down on the overlaps with the syllabus of Paper P3. It will now include all quality and personnel related performance management issues and reward systems which were previously covered in the P3 syllabus. In addition, certain subject areas in the syllabus have been rearranged and reworded to make the syllabus clearer.	These changes will not have much impact on the style or content of the questions asked in the exam.	Jun-11
Advanced Taxation	The syllabus will concentrate more on the complex part of Inheritance Tax; and the basic elements of this topic, which are now included in the F6 syllabus, will be removed from the P6 syllabus.	These changes will not have much impact on the style or content of the questions asked in the exam.	Jun-11
Advanced Audit and Assurance	The new syllabus will emphasise on audit and financial statement risks. In addition, some new concepts such as the effects of foreign exchange rates on evaluation and review, audit procedures for the consolidation process, planning a forensic audit engagement, engagement to provide assurance on performance measures and sustainability indicators have been included.	These changes will not have much impact on the style or content of the questions asked in the exam.	Jun-11