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New case study for final level
The ACCA unveiled a major shake-up of its final level examinations at an exclusive preview of ‘the ACCA Qualification – the future’ at its new HQ on 10 October.
P1 and P3 are to be replaced with a Strategic Business Leader case study and P2 is being updated and renamed Strategic Business Reporting. The new structure will ensure students are equipped with both the technical knowledge, and professional skills sought by employers worldwide. Changes mean in future students will sit two rather than three essential exams.
At the same time, ACCA is introducing a new Ethics and Professional Skills Module. ACCA believes this new updated module will help develop vital professional skills, ethical behaviour and judgment among its PQs. The optional papers remain the same in response to employer feedback.
In an exclusive interview the ACCA’s executive director of strategy and development, Alan Hatfield, said it was paramount that ACCA has a qualification that equips the next generation of accountants with the skills needed for the workplace of today and tomorrow.
The move to four exams a year and introduction of CBE exams at F5 to F9 shows that ACCA is reacting to market needs, he stressed. He explained that Specimen exams for the new four-hour Strategic Business Leader case study are available now on ACCA’s website, and the first exams will take place in September 2018. The Strategic Business Reporting paper will be three hours long and again the first session will be September 2018, with Specimen exams also available now.
ACCA now plans to ‘go on tour’ to explain the reasons behind these developments.
• Read what Alan Hatfield has to say about the changes on page 14.
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