The syllabuses and what you need to know
You may be aware that ACCA refreshes it syllabus once a year, and that this update takes effect from September each year. Our policy of making these annual updates ensures that your qualification stays up to date and reflects the changing demands of employers, but without the need to make huge changes at any point in time.
Many students have told us that they are interested in planning their studies ahead of the September session and would like to know what syllabus changes may affected them.
Overall, the changes in syllabus between June 2015 and September 2015 are not extensive. In many cases, there are no changes at all, or only a small number of changes. Therefore, the September 2015 exam session not only offers students a great opportunity to maximise their chances of success but also provides students with earlier resit opportunities from the June exams.
To support you in your learning where changes are significant, the examining teams usually produce technical articles, so keep an eye on the resources on the website.
Additionally, you can visit our September 2015 pages, which offer a one-stop guide to finding all the key information for this session. Here, you can find access to fully updated materials for September 2015 from our Approved Content Providers and find tuition in your area and online. These pages are being updated regularly as more and more tuition providers tell us their learning provision for September 2015.
Remember, exam entry for the September 2015 session opens to all students on 6 July 2015 and is open until 10 August. The Syllabus and Study Guides for exams from September 2015 are already available on the website, but here is a summary of how the exams that will be offered in the September 2015 session are affected by the syllabus updates:
F5 Performance Management No changes
F6 (UK) Taxation No changes
F7 Financial Reporting Two areas of the syllabus will be examined under new accounting standards:
IFRS 9, Financial Instruments
IFRS 15, Revenue from Contracts with Customers
F8 Audit and Assurance No changes
F9 Financial Management Newer sources of finance for SMEs have been added
P1 Governance, Risk and Ethics A1 c) amended to include private sector
A7 b) amended to include the Mendelow matrix
New A9 e) added to include examination of the 3 Es and public value in public sector governance
B1 c) amended to make more explicit reference to fraud and error in respect of internal control
P2, Corporate Reporting Syllabus coverage of revenue has been amended to reflect IFRS 15,Revenue from Contracts with Customers
Syllabus coverage of financial instruments has been amended to reflect the final version of IFRS 9,Financial Instruments
Some changes to the content of the list of exposure drafts and discussion papers that are examinable
P3 Business Analysis Two new outcomes added to syllabus:
Discuss how big data can be used to inform and implement business strategy
Discuss how the finance function has transformed to enabling an accountant to have a key role in the decision making process from strategy formulation and implementation to its impact on business performance
P4 Advanced Financial Management No changes to syllabus
P6 Advanced Taxation No changes to syllabus
P7 Advanced Audit and Assurance Subject area E6 (The audit of performance information (pre-determined objectives) in the public sector) has been re-written