PQ News
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Past exam feedback - a paper by paper breakdown for all leading examination bodiesoffice
Potential Careers Paths - examples of what people have gone onto once qualified
Head: Wanted: examiner comments earlier
ICAEW opens up shop in Romania
Seen it before?
The ACCA examiners have come under fire from the latest sitting of the PQ Magazine Exam Review Board. Tutors were both surprised and disappointed particularly with F9 (Financial Management) as it looked exactly like the previous paper. Indeed 8 of the 12 topics on the exam were the same as the previous paper. Few students (and lecturers) would expect questions on the same subjects to be examined again this soon! There is also a worry about the high pass rates for the knowledge papers – the only way is down! For all the best feedback of the June exam see the latest issue of PQ Magazine.
Professional test
The ICAEW Audit & Assurance exam went all ethical on students in June. Ethical and professional issues made up four of the six questions in the summer professional test, which was, say tutors, 'unusual from what has been seen before'. Time management as always was a key issue in the Financial Reporting paper. Ethical issues were covered in two questions and the differences between IFRS and UK GAAP were explicitly tested. Business Strategy was also a challenging paper. Tutors felt some requirements were very open. The other three papers: Taxation, Financial Management and Financial Accounting all got the thumbs up.
Head: Wanted: examiner comments earlier
CIMA students want the post-exam examiner comments earlier. Currently the examiners paper comments aren’t available until three to four months after the exams. That means May sitters can’t expect to see what the examiner thought of the papers until the end of September. But that’s a few months before the next sitting. "How can CIMA expect us to learn from our mistakes if they don’t provide timely advice," said one disgruntled PQ. CIMA’s director of education Robert Jelly promised to look again at this situation, as it is not the first time PQ Magazine CIMA readers have asked for this.
NSF has a new chair!
CIPFA's National Student Forum has a new chair. Last year the NSF elected its first male leader, Jonathan Causton, but for 2008 it has given the reins back to a woman – Trafford Council's Judith Savage. A lot of effort will also be going into updating the NSF website, Savage said and she also wants to hear what CIPFA students want. Her email is Judith.savagae@trafford.gov.uk
ICAEW opens up shop in Romania
The ICAEW is launching its ACA qualification in Bucharest. Training for the professional qualification will be 'available' from September, explained deputy president Martin Hagen. He said that the Romanian economy was going through rapid growth and changes and therefore there is a high demand for professional accountancy skills. Currently three training providers are accredited to deliver tuition for the qualification in Romania – BPP, Intercollege and ATC International.
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