SYLLABUS CHANGES FOR ACCA QUALIFICATION EXAMS

1 Guidance for studentsYou 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 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.* Except 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 CHANGES FOR acca QUALIFICATION EXAMS :2020/21 2021/22 Use the table below to understand whether your exam is affected by SYLLABUS CHANGES .

2 Click on the icons to access further information and ProfessionalEXAMARE THERE ANY SYLLABUS CHANGES ?SUPPORTING RESOURCES Strategic Business Reporting (SBR-INT)YESA ccess more info about the SBR-INT SYLLABUS changesHERE Strategic Business Leader (SBL)YESA ccess more info about the SBL SYLLABUS changesHERE Advanced Financial Management (AFM)NOAccess AFM Essentials on one page HERE Advanced Performance Management (APM)YESA ccess more info about the APM SYLLABUS changesHERE Advanced Taxation (ATX-UK)N/AAccess ATX-UK Essentials on one page HERE Advanced Audit and Assurance (AAA-INT)YESA ccess more info about the AAA-INT SYLLABUS changesHERE Applied SkillsEXAMARE THERE ANY SYLLABUS CHANGES ?SUPPORTING RESOURCES Corporate and Business Law (LW-ENG)NO although one learning outcome has been deleted see HERE Access LW-ENG Essentials on one page HERE Performance Management (PM)YESA ccess more info about the PM SYLLABUS changesHERE Taxation (TX-UK)N/AAccess TX-UK Essentials on one page HERE Financial Reporting (FR)NO although the wording of some learning outcomes has been changedAccess more info about FR learning outcome changesHERE Audit and Assurance (AA)YESA ccess more info about the AA SYLLABUS changesHERE Financial Management (FM)NOAccess FM Essentials on one page HERE Applied KnowledgeEXAMARE THERE ANY SYLLABUS CHANGES ?

3 SUPPORTING RESOURCES Business and Technology (BT)NOAccess BT Essentials on one page HERE Management Accounting (MA)YESA ccess more info about the MA SYLLABUS changesHERE Financial Accounting (FA)NO although the wording of some learning outcomes has been changedAccess more info about FA learning outcome changesHERE Strategic Business Reporting (SBR-INT) guidance on SYLLABUS changesACCA Approved ContentIt 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 below:What does this mean for me?n We recommend you make use of all technical articles available for SBR, but we would draw your attention to the following articles in particular: Read the mind of the marker Part 1 Read the mind of the marker Part 2n The key to exam success is question practice. If you re preparing for an SBR CBE, visit this page for guidance on how to approach question practice, including using the new acca Practice Platformn We strongly recommend you complete the Ethics and Professional Skills module before attempting SBRR ecommended resourcesFor the September 2021-June 2022 exam year, there have been few CHANGES to the SYLLABUS .

4 As detailed in SYLLABUS section F1(c), you will be expected to discuss the impact of current reporting issues in corporate reporting. This could be tested by 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 example, accounting for digital assets or accounting for the effects of a natural disaster or global event). The following examples are relevant to the current SYLLABUS :1. Presentation and disclosures2. Materiality in the context of financial report3. Management commentaryExaminable documents are updated annually to reflect current s changing?SECTION AND SUBJECT AREASYLLABUS CONTENTC11b deletionDiscuss and apply the principles behind the initial recognition and subsequent measurement of a biological asset or agricultural produce.[2]Removed as very specialist area that requires more knowledge than IAS 41 to effectively report it remains within the FR SYLLABUS and is therefore assumed knowledge for SBRF1c additionDiscussion of solutions to current issues in financial for current issues and clarifying the scope and include examples such as digital assets and global deletionDiscussion of solutions to current issues in financial Accounting policy CHANGES and 3.

5 Defined benefit plan amendments, curtailment or settlement as now incorporated in the main IFRS standards and added Presentation and Disclosures to reflect the Exposure Draft (see Examinable Documents).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 SBR, as in the workplace, you need to consider the point of view of investors and other means analysing and interpreting information, explaining how transactions affect the financial statements and other reports or explaining accounting treatments and disclosures. How to approach the Strategic Business Reporting (SBR-INT) examSBR has a wide ranging SYLLABUS , which includes many accounting standards, some introduced in Financial Reporting and others examined only in SBR. Current issues, exposure drafts and narrative reporting frameworks also feature.

6 Questions are set in the context of single entities, groups, private or public sector, for-profit, or not-for-profit study SBR effectively you need to understand the nature of the exam and what you will be asked to do. Links to support resourcesn Examining team guidancen Examiner s reportsn Technical Articlesn How to earn professional marksn Ethics and Professional Skills modulen Read the mind of the marker Part 1n Read the mind of the marker Part 2n Tutor video review of the March 2020 examn Strategic Professional CBE supportn FAQsSBR The Big PictureTackling the exam Question approach: Analyse the requirements Read the scenario carefully to understand issues and any stakeholder perspective Identify relevant technical knowledge n Remember more than one standard may be relevant, and consider the principles from the Conceptual Framework. Apply this to the scenario n Don t simply regurgitate everything you can remember.

7 Select relevant points and explain how they apply to the facts in the scenario n You may need to produce some calculations as part of an explanation but numbers alone will not earn enough marks to a good answer how to demonstrate professionalism:n Plan your answern Use headings and short paragraphsn Consider the stakeholders relevant content and appropriate frequently used SBR exam verbs:DISCUSSEXPLAINADVISEA dvice from an expert tutorn Make use of acca resourcesn Real life reading eg real company financial statementsn Cover the SYLLABUS widely breadth rather than depthn Practice questions, and take time to review your answers. If you re preparing for an SBR CBE, visit this page for guidance on how to approach question practice, including using the new acca Practice Platformn Written aspects are very important don t just practice numbersn Get used to planning and writing clear answers. How to prepareRead this article for more about exam verbsKnowledge gained in previous examsConceptual FrameworkStakeholdersDetailed knowledge standards current developmentJudgementProfessionalismREPOR TING financial and non-financial single entities, groups, for-profit, not-for-profitNew detailed knowledgeEthicsThe Conceptual Framework underpins the whole SYLLABUS .

8 The better you know the Framework, the easier it is to learn the principles of each individual is more than calculating numbers. It means applying ethics and judgement to add value, taking a holistic view and communicating Business Leader (SBL) guidance on SYLLABUS changesWhat does this mean for me?For the September 2021-June 2022 exam year, there have been few CHANGES to the SYLLABUS . A new learning outcome has been added on managing, monitoring and mitigating risk, D2g. You should have a knowledge of and be able to apply the concept of assurance mapping to modern risk management using the four lines of defence In addition to this, a new learning outcome has been added on machine learning, AI and robotics, E3. You should be able to explain the benefits of using artificial intelligence (AI), robotics and other forms of machine learning to support strategic decisions and the pursuit of corporate objectives. You should also be able to assess the risk, control and ethical implications of using AI, robotics and other forms of machine learning in the context of the scenario employability and digital skills, SYLLABUS area J, is an addition to the SYLLABUS and reflects that the exam will be sat by computer-based exam (CBE), allowing you to demonstrate the skills required for the s changing?

9 SECTION AND SUBJECT AREASYLLABUS CONTENTA3 deletionProfessionalism, ethical codes and the public interesta) Evaluate organisational decisions using the Tucker 5 question approach.[2]D1 deletionIdentification, assessment and measurement of riskg) Recognise and analyse the sector or industry specific nature of many organisation risks.[2]i) Explain and assess the ALARP (as low as reasonably practicable) principle in risk assessment and how this relates to severity and probability.[3]D2 additionManaging, monitoring and mitigating riskg) Apply the concept of assurance mapping to modern risk management using the four lines of defence .[3]E3 additionMachine learning, AI and roboticsa) Explain the potential benefits of using artificial intelligence (AI), robotics and other forms of machine learning to support strategic decisions and the pursuit of corporate objectives.[2]b) Assess the risk, control and ethical implications of using (AI), robotics and other forms of machine learning3F2 deletionAudit and compliancec) Respond credibly to requests and enquiries from internal or external auditors.

10 [3]G1 deletionFinance functiona) Explain the relationship between an organisation s financial objectives and its business strategy.[2]J additionOther employability and digital skills1) Use computer technology to efficiently access and manipulate relevant ) Work on relevant response options, using available functions and technology, as would be required in the ) Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate ) Present data and information effectively, using the appropriate 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 We recommend you make use of all technical articles available for The key to exam success is question practice. Visit this page for guidance on how to approach question practice for SBL, including using the new acca Practice Platformn We strongly recommend you complete the Ethics and Professional Skills module before attempting SBLR ecommended resourcesACCA Approved ContentIt s vital to use up to date study materials when preparing for your exam.