ACCA COURSES MARCH /JUNE 2018

DECEMBER EXAM TIPS

ACCA EXAM CALENDAR

CHANGES TO P1 AND P3

KATHLEEN REGAN’S P2

Welcome

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Owen O’ReillyHead of Professional Accountancy SchoolF1, P1 and P3 lecturer

REFER A FRIENDCLAIM €50

OPEN DAYS

€50 credit towards your ACCA courses at City Colleges

12th Dec 2017 5th & 6th Feb 2018

Dear Student,

You are very welcome to City Colleges where our experienced tutors will help you pass your ACCA exams first time!

You can now plan and prepare for your March and June 2018 ACCA exams at City Colleges. See the 2018 exam dates and course timetables inside. We have a range of flexible course options to make learning convenient for you.

Also, see inside our December 2017 Exams Tips and a calendar of ACCA dates to keep handy.

The big news is that from September 2018 P1 and P3 will amalgamate into Strategic Business Leader (SBL). This means you have two exam sittings to pass these exams. The new paper will be four hours with no question choice. Contact me for any guidance on this.

Did you know that at City Colleges all our live classes from South Great George’s Street in Dublin’s city centre are also streamed live and recorded? So you will never miss a class or an explanation. Study anytime, anywhere… You can even ask questions live online during the class!

It is the best of all worlds and a great advantage for our students.

This is our seventh year streaming classes live so you benefit from our experience, excellent tutors and leading technology.

Our team is ready to deliver your successful ACCA. It includes Shaun Browne (F8, P7), Mel Kilkenny (F6, F9 and P6), Martin Corboy (F2, F5, P5), Dr Barry Smith (F7), and Garret Mulvin (P4).

P2 with Kathleen Regan is now on Wednesday nights. Student pass rates in Kathleen’s class are exceptionally high (80% pass rate March 2017, 75% June 2016).

The team also includes the excellent Georgina Skehan (F3) and Eoghan Casey (F4).

Drop in to our Open Days on the 12th December 2017, and, 5th & 6th of February 2018 to meet, chat and get advice. We are here to help you pass first time!

We look forward to meeting you at City Colleges

WHY CITY COLLEGES?

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Andrew Noonan 78% P1 Second in Ireland Mel Kilkenny with Gabriella Berettaprizewinner in F6

WHY CITY COLLEGES?At City Colleges, we believe that the student experience is, in large part, determined by the quality of the tuition provided. For this reason, we have assembled a team of talented and inspiring lecturers who have a wealth of experience. Classroom based lectures are also streamed live, as well as recorded and made available for review online through our convenient learning system.

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TOP LECTURERS

CITY CENTRE LOCATION South Great George’s Street,

convenient for bus, LUAS or DART

LIVE LECTURES Streamed online & recorded

FREE MOCK EXAMS With detailed tutor feedback

BPP ACCA Approved study materials

SUBSIDISED PARKING Only €2.50 per night

AFFORDABLE TUITION with great offers

CARING TUTORS

LIMITED CLASS SIZES

“The online lectures are vital to enable me to participate in class.” Lisa Hopkins

Darran FlanaganACCA P7 June 2017 examinations1st Placed in Ireland5th Globally75%

Lyndsey PhelanACCA F6 June 2017 examinations2nd Placed in Ireland9th Globally88%

Hazel HouriganACCA F687% June 2017 examinations

P4 and P5 ‘First in Ireland’

Sept 2017

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1. BOX SETS • Recordings of the previous taught course• Recordings of the previous revision course• Includes tutor & forum support, tests and mock exam feedback

2. REVISION COURSE• Classroom based live revision course in January & February 2018• Also available live online and recorded• Mock with tutor feedback

3. COMBINED COURSE• Includes both 1 and 2 above• Highest success rate • Special discounted price

COURSE OPTIONS & FEES

TIMETABLE

F5-F9 P1-P7

€595

€350

€695

RESIT€395

RESIT€437

MODULE TUTOR START FROM BOX SET OPTION REVISION COURSE OPTION EXAM

F5 Performance Management Martin Corboy 13th Dec Dec 2017 Taught & Revision Courses (65hrs) Revision Course Dec 2017 recording 7 Mar

F7 Financial Reporting Dr Barry Smith 13th Dec Dec 2017 Taught & Revision Courses (58hrs) Revision Course Dec 2017 recording 6 Mar

F8 Audit & Assurance Shaun Browne 13th Dec Dec 2017 Taught & Revision Courses (58hrs) Revision Course Dec 2017 recording 5 Mar

F9 Financial Management Mel Kilkenny 13th Dec Dec 2017 Taught & Revision Courses (50hrs) Revision Course Dec 2017 recording 9 Mar

P1 Governance, Risk & Ethics Owen O’Reilly 13th Dec Dec 2017 Taught & Revision Courses (61hrs) 18/25 Jan, 1/8/15/22 Feb 7 Mar

P2 Corporate Reporting Kathleen Regan 13th Dec Dec 2017 Taught & Revision Courses (65hrs) 23/30 Jan, 6/13/20/27 Feb 6 Mar

P3 Business Analysis Owen O’Reilly 13th Dec Dec 2017 Taught & Revision Courses (65hrs) 24/31 Jan, 7/14/21/28 Feb 8 Mar

P4 Advanced Financial Mgt Garret Mulvin 13th Dec Dec 2017 Taught & Revision Courses (65hrs) 22/29 Jan, 5/12/19/26 Feb 9 Mar

P5 Advanced Performance Mgt Martin Corboy 13th Dec Dec 2017 Taught & Revision Courses (63hrs) 18/25 Jan, 1/8/22 Feb, 1 Mar 7 Mar

P7 Advanced Audit & Assurance Shaun Browne 13th Dec Dec 2017 Taught & Revision Courses (58hrs) 16/17/18 Feb 5 Mar

€495

RESIT€350

CLASS TIMES

Evening Classes 18.15 – 21.30Friday Classes 14.00 – 17.30Saturday Classes 09.30 – 17.00Sunday Classes 10.00 – 17.00

+

BUY 1 COMBINED COURSE GET OTHERSHALF PRICE

MARCH 2018 ACCA EXAM

• Tutor support emails from 13th December - guides your progress

• Excellent tutors (P1 82% pass rate Dec 16, P2 80% and P3 86% Mar 17)

• All students get tutor marked progress tests and mock exams

• Mocks are always included free of charge because they are important for your success!

Please note F4, F6 and P6 are not available in March or SeptemberTimetables are subject to change.

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COURSE OPTIONS & FEES

ACCA Paper Lecturer Evening Start Additional Classes Revision Exam F1 Accountant in Business Owen O’Reilly Thursdays 24 Feb 24 Feb, 3/24 Mar 14/19/26 Apr CBE

F2 Management Accounting Martin Corboy Mondays 26 Feb 4 Mar, 7 Apr 13/14/21 May CBE

F3 Financial Accounting Georgina Skehan Tuesdays 20 Feb 10/25 Mar 8/15/29 May, 5 June CBE

F4 Corp & Business Law Mar Start Eoghan Casey Wednesdays 07 Mar 9/16/23 May CBE

F5 Performance Management Martin Corboy Wednesdays 21 Feb 24 Mar, 8 Apr 9/12/16/23/30 May 6 Jun

F6 Taxation Mel Kilkenny Tuesdays 13 Feb 3 Mar 8/15/19/20/22/29 May 7 Jun

F7 Financial Reporting Mar Start Dr Barry Smith Thursdays 08 Mar 11 Mar, 14/22 Apr 10/14/17/24/26 May 5 Jun

F8 Audit & Ass Weekends - Mar Start Shaun Browne * 6 Weekend days 10 Mar 25 Mar, 7/15/21/29 Apr 12/13/18 May 4 Jun

F9 Financial Management Mel Kilkenny Wednesdays 21 Feb 28 Apr 6/9/16/23/30 May 8 Jun

P1 Governance, Risk & Ethics Owen O’Reilly Tuesdays 13 Feb 29 Apr 24 Apr, 1/8/15/22/29 May 6 Jun

P2 Corporate Reporting Kathleen Regan Wednesdays 14 Feb 15 Apr 9/13/16/23/30 Apr 5 Jun

P3 Business Analysis Feb Start Owen O’Reilly Mondays 12 Feb 25 Mar, 7/21 Apr 30 Apr, 12/14/21/28 May 7 Jun

P3 Business Analysis Mar Start Owen O’Reilly Mondays 10 Mar 25 Mar, 7/21 Apr 30 Apr, 12/14/21/28 May 7 Jun

P4 Advanced Financial Management Garret Mulvin Thursdays 15 Feb 11 Mar, 14 Apr 10/17/24/26/31 May 8 Jun

P5 Advanced Performance Management Martin Corboy Tuesdays 20 Feb 10 Mar, 29 Apr 6/8/15/22/29 May 6 Jun

P6 Advanced Taxation Feb Start Mel Kilkenny Mondays 12 Feb 25 Mar, 7/21 Apr 30 Apr, 5/12/14/21/28 May 7 Jun

P6 Advanced Taxation Mel Kilkenny Mondays 10 Mar 25 Mar, 7/21 Apr 30 Apr, 5/12/14/21/28 May 7 Jun

P7 Adv Audit & Ass Wkends Mar Start Shaun Browne 6 Weekend days 11 Mar 24 Mar, 8/14/22/28 Apr 11/19/20 May 4 Jun

RESIT RESIT RESIT

€695

€347

€300

€650

€495

€247

€250

€400

€875 €437

€350

€750

F1-F3 F4-F9 P1-P7

TIMETABLE

MOCKS

At City Colleges ALL students get to

do the mock because it is the most

important part of your preparation.

Flexible date options

F PAPERS 6.15PM - 9.15PM

P PAPERS 6.15PM - 9.30PM

FRIDAY 2.00PM - 5.00PM

SAT 9.30PM - 5.00PM

SUN 10.00PM - 5.00PM

*F8 and P7 with Shaun Browne are weekend classesNote: All timetables may be subject to change

CLASSES ONLINE

MOCK

CLASSES

REVISION ONLINE

REVISION CLASSES

CLASS RECORDINGS

FULL COURSE

REVISION ONLY CLASSES ONLINECLASSES

REVISION ONLINE

REVISION CLASSES

CLASS RECORDINGS

MOCKEXAM

JUNE 2018 ACCA EXAM BUY 1 FULL COURSE GET OTHER FULL COURSES HALF PRICE

MOCKEXAM

CLASSES ONLINE CLASS RECORDINGSCLASSES

REVISION ONLINE

REVISION CLASSES

- Classroom weekly classes - Also live online & recorded- Revision course- Mock with tutor feedback

- Classroom based revision course - Also live online & recorded- Mock with tutor feedback

- Weekly classes: live online & recorded- Plus online revision course - Mock with tutor feedback

FULL COURSE: ONLINE ONLY

CLASS TIMES

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Owen O’Reilly BA MBSHead of Professional Accountancy School Paper Specialist: F1, P1 & P3 Owen is a leading lecturer (formerly BPP) with extensive ACCA and CIMA professional accounting exam experience and more than 40 student prize-winners.

His focus is on your exam technique and your exam success. He is well known for his student centred approach and entertaining classes which lead to very high pass rates. For example, 88% passed in P1 in December 2015 (vrs 47% overall).

He is the winner of the UCD/NIB Smurfit Business School Masters Scholarship Award and a double CIMA prize-winner.

Garret Mulvin FCAPaper Specialist: P4

Your exam techniques are brilliant.

“I can say 90% of the topics that you stress before the exam came up in June 2017 sitting. “ - Zulfa Mohamad

“Thank you so much for all you effort and help. I learned more in four classes with you than I ever have. I have been recommending you to everyone! Thanks again.” - Amy Carroll

“I only had one month to prepare for the exam your classes and notes are world class. “ - Adam Ahmed

From the very first lecture it was evident to see Garret’s ambition for the success of all his students. Garret’s in depth knowledge of the course material along with the ability to help students understand difficult concepts made the classes very enjoyable and beneficial. I really can’t recommend Garret highly enough. “ - Tom Kiely

“I would definitely recommend Garret Mulvin.. I was able to pass first time achieving a mark of 70%. The main thing I enjoyed was the relaxed environment with the excellent tutoring. I will be definitely signing up for lectures with Garret again.” - Greg Rooney

One of the best ACCA lecturers I have had.

It is evident that Shaun knows this subject inside out, his lectures are interesting and entertaining. He gives great tips on what are the important things to remember and even better than that he thinks of inventive ways of remembering those things.”

- Amanda Miley

“ One of the best ACCA lecturers I have had. Very funny which is important to keep class interesting. This is my final ACCA exam and have found the lecturer’s approach one of the best.”

- Nicola Donnellan

Martin is a very knowledgeable lecturer on P5 & has a great sense of humour. I’d fully recommend attending Martin’s class!”

- Hong Yan “ As a working professional, doing accountancy exams takes a lot of effort & time. I found Martin Corboy to be exactly the instructor I needed, he teaches clearly, takes time to explain but ensures the full syllabus is covered in time for the big day!”

-Karl Deeter, Compliance Manager at Irish Mortgage Brokers and

columnist for the Sun on Sunday and Sunday Business Post

Shaun Browne MAAT FCCAPaper Specialist: F8 & P7Weekend Classes

Shaun is an immensely popular and brilliant tutor who has a passion for teaching ACCA. He believes in making the class as interesting and as much fun as possible so that students enjoy learning. He includes lots of anecdotes about his work as a trainee and a partner to help students appreciate the practical aspects of auditing. Shaun is a great believer in ‘learn the basics’.

This advice has stood the test of time with many UK, Irish and world-wide prize-winners in Auditing to his name. Shaun is a teaching phenomenon that we fly in from London because he is the best. He has a colossal reputation for student success and enjoyable classes.

Martin Corboy AITI, FCMA, MBA Paper Specialist: F2, F5 & P5

Martin Corboy is a graduate of UCD and came first in the world in his final CIMA exams. Martin is an Associate of the Institute of Taxation, a Fellow of the Chartered Institute of Management Accountants, a Member of the Chartered Management Institute and an Academic Fellow of the Association of International Accountants. He has been lecturing to professional accountancy students for the last 16 years and he has a reputation as one of the top ACCA tutors in Ireland.

I really can’t recommend Garret highly enough. -

Garret Mulvin (formerly BPP and First Intuition) is a very popular tutor who specialises in Financial Accounting, and Financial Management. Among his many prizewinners are several first placed students.

He is a fellow of the Institute of Chartered Accountants of Ireland (CAI) and qualified as an accountant with Price Waterhouse Coopers in Dublin.

Garret is renowned for his exceptional tuition and exam techniques and is dedicated to delivering you your pass in P4 Advanced Financial Management.

OUR LECTURERS

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“Brilliant lecturer, dedicated and very focused on exam techniques.” - Tatjana Valevko

Dr Barry Smith, PhD, FCAPaper Specialist: F7Free access to Tenjin software

Barry is a very popular and experienced ACCA tutor having taught F3, F7, and P2 modules.His popularity as a lecturer results from being exam focused and from his ability to explain complex accounting topics. In 2010, his ‘Introductory Financial Accounting and Reporting’ textbook was published by McGraw-Hill and has been extremely well received by teachers and students.

Barry is a Chartered Accountant and holds postgraduate degrees from UCD (MEconSc) and University of Birmingham (PhD). He also holds an ACCA Diploma in International Financial Reporting Standards (DipIFR). All F7 students will get free access to the cutting edge Tenjin software which is another City Colleges’ innovation for F7.

Kathleen ReganPaper Specialist: P2Wednesday ClassesKathleen is a vastly experienced lecturer in Corporate Reportingand Management. She has delivered P2 lectures since 2003 withBPP. She is a popular and dedicated tutor and offers convenientweekend classes for P2. Kathleen is an Associate of the CorporateTreasurers in Ireland, a Fellow of ACCA and holds a Masters inCorporate Finance and Accounting from University College Cork.Kathleen previously held the role of Managing Director ofProfessional Accountancy Lecturers and Audit Senior for MooreStephens (formerly Patrick McNamara and Associates) in Limerick.

Georgina SkehanBA (Hons), MSc, FCMA CGMA, D, FCAPaper Specialist: F3Weekend ClassesGeorgina is an accomplished finance and accounting lecturer atundergraduate, postgraduate and professional levels. She placed4th in Ireland when completing her own CIMA finals and has broughtthis expertise into the lecture hall with many of her students placing1st, 2nd, 3rd in Ireland and 2nd - 15th in the world across a range ofsubjects in numerous exam sittings. Georgina has a reputation asbeing an approachable and supportive lecturer

Eoghan Casey BA, BL Paper Specialist: F4

Eoghan Casey is a Barrister and lecturer in law who has extensiveexperience preparing students for both the Law Society of Irelandand King’s Inns Entrance Examinations. He holds a First ClassHonours Degree in Mathematical Science, and is particularly skilledat teaching students how to excel in professional examinations. Heis an extremely popular and experienced ACCA F4 tutor.

Mel Kilkenny BComm, AITIPaper Specialist: F6, F9 and P6Mel has lectured on taxation subjects for ACCA examinations since 1992. He is highly exam focused in his approach, and is admired for his personable, and practical teaching style. He is the author of the well-regarded Kilkenny Tax Publications textbooks and revision kits for P6 and F6 which are popular with Tax students throughout the country. Mel is also an experienced examiner, having spent a number of years as examiner for the Institute of Chartered Accountants Ireland and the Irish Tax Institute.

Apart from the Tax papers Mel also brings his experience and teaching skill to F9 Financial Management. Always dedicated to delivering you your pass!

Barry is an absolutely brilliant lecturer. He has an excellent lecturing approach.” - Viktorija Balandina

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“I am doing the course online and Kathleen was extremely quick to respond and very helpful with my query.” - Sharon Collins “Content is very well delivered for P2. Easy to understand. Good study tips.” - Claire Frain

“Georgina’s exam techniques helped me to be relaxed and well prepared for my Managing Finances ACCA paper, in which I achieved first place in Ireland and second place worldwide.”

- Evelyn Delahunty

“Classes were informative, fun, and presented in a way that stuck in your head so you could easily remember and relate back to the associated case. I passed first time with very little effort required since Eoghan made it so easy and logical. I would highly recommend Eoghan Casey as a F4 lecturer.” - Trudy Byrne

I find Kathleen excellent for P2. She is clear, concise and covers all the main points.”

- Sinead Graham

Georgina Skehan is anexcellent tutor.”

- Sinead Graham

”He really engages students throughout the lecture. Even though I am completing the course online I feel just as much a part of the class as those who are physically attending.” - Kirsten Mullins

“Mel is fantastic lecturer! 100% exam focused and always goes extra mile for the students.” - Tatjana Valevko

Mel is an excellent lecturer with fantastic teaching style.

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DECEMBER 2017 EXAM TIPSAlways cover the full syllabus. You need to be extremely careful that you do not ‘question spot’. Professional exams will always examine the full breadth of the syllabus. Exam tips from our experienced tutors are provided to give some reasonable guidance to help you prepare for your exams while acknowledging that any syllabus topic can come up in the exam. See the topics more as a ‘to do list’ of areas you especially need to cover

Section A

Fifteen two-mark multiple choice questions on a wide range of topics including consolidation, interpretation of financial statements and non-core topics.

Section B

Three case study questions each with five two-mark questions

Each scenario could be a mix of topic areas or focused on one topic and will usually consist of two/three calculations and two/three narratives.

Questions are not dependant on each other.

Section C

Two 20 mark questions, one covering interpretations and the other preparation of financial statements.

One question is likely to be in the context of a single entity and one in the context of a consolidation.

Accounts preparation questions may include extracts or stand alone calculations or full statements of profit or loss and other comprehensive income and/or statement of financial position.

Both questions will cover the accounting for items from other areas of the syllabus.

All the best!

Dr. Barry Smith F7 specialist

F7Dr. Barry Smith

F8Shaun Browne

Section A

This section could cover the entire syllabus testing you via multiple choice questions (MCQ’s) based upon different scenarios. The whole purpose of testing you via MCQ’s is that the examiner is able to cover the entire syllabus with lots of short questions as opposed to the longer more specific areas in Section B.

Section B

Traditional written questions testing your knowledge and application. The main areas that are regularly examined are:

Audit Risk: Identifying audit risks (IR, CR, DR) from the scenario given and the auditors response to these risks

Internal Controls: Deficiencies, consequences and recommendations e.g. in a sales or payroll system

Balance Sheet Auditing: Substantive audit procedures e.g. Inventory or accruals

Corporate Governance and Ethics: Best practice and ethical threats/safeguards

My advice is to attempt Section B first as Section A answers tend to be so similar that you could easily confuse yourself! I have lots of models to guide you and lots of examination technique tips to help you get through the exam.

Good luck with your studies!

Shaun Browne F8 and P7 specialist

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DECEMBER 2017 EXAM TIPSP3Owen O’Reilly

P3 is massive and unfortunately anything can and will come up. Best advice is to use the financial evidence to make many short/quick points where you say what your point (THIS) MEANS for the company. Expect more Marginal and Relevant Costing issues. Note articles: Costing for Decision Making (Oct 16). Performance Indicators (Sept 16). Expect some P1 issues – I/C, risk, governance, ethics (note Shop Reviewers M/J 16).

Some areas to note for our Revision Course include:

Position

1. Note any APPENDIX as possible Pro forma for your answer (QTP M/J 16).

2. Regression analysis/Time series (Coolfreeze Pilot, ATD & Noble Pets 12/14, ATL 12/11, Mock 1) Qualitative Forecasting/Scenarios (Nesta 6/13)/

3. Financial analysis (Housham Garden 12/13, Joe Swift 06/10, MMI 12/08, QTS Group S/D 15, QTP M/J 16)

4. Flex Budget/Variance analysis, Activity BC, Budgeting, (Coolfreeze Pilot, M&G Sept 15)

5. Benchmarking, CSF, KPIs (ICOM Sept 15) [Performance Mgt ARTICLE]

6. Analyse performance (Shoal 12/10, Roam 12/14, TMZ 6/15) BCG (Shoal12/10)

7. Cultural Web (MidshireHealth, National Museum, QTS Group S/D 15)

8. Strategic Capability/Resources/competences (Wetlands 6/10, ONA 12/07, 9Ms)

9. Porter’s 5 Forces (Nesta 6/13) Diamond (Machine Shop 12/13)/ VALUE CHAIN (QTP M/J 16)

Choices/Options

1. SAF – use SAF to evaluate ANY strategic option requirement

2. Marginal Costing & Contribution. Make or buy decisions (Outsourcing), Special contracts, Closure decisions, Scarce resources (EcoCar 6/11, ITTrain 6/14, YTR 6/15) [Costing for Decision ARTICLE]

3. Probability/Expected value (iTTrain 6/14, 2Tel 6/15, 6/16)

4. Generic Strategies (YTR 6/15), TOWS (ReInk 6/14), Ansoff (Greentech 6/09)

Action/Implementation

1. Investment appraisal/Business Case (Hammond Shoes 6/12, IIA 6/14, Graffoff 12/12), Benefits Mgt (Brighttown 6/15) / Project reviews (HomeDeliverer 12/11) / Project controls (gateways, highlight reports)

2. Harmon (Chem Trans 6/13) Swimlanes (Cooper Uni 9/12/15, Stella 12/14), & ADDIR, POPIT (Westoria M/J 16, 19 Finch Co in BPP Kit)

3. Methods of Financing JUNE 16Q1c

4. Software package evaluation /procurement (OneEnergy 6/09, Flexpipe 6/12, Bridgeco 6/14, Westoria M/J 16)

5. E Procurement (Cronin Auto 6/11), Online branding, Leadership style/ Job enrichment (ARC 6/13),

6. Integrated Reporting (6 capitals) (ICOM Sept 15)

7. 6 ‘I’s and Pricing (Holiday Co M/J16), Contextual Factors (Shoal 12/10 QTS Group S/D 15)

Exam technique is crucial! USA: Understand the requirement. Structure answer (use Key Words!). Apply to scenario. Do the mock and then do another. These are essential for your time management success. Be sceptical of benefits, probabilities, figures generally.

And... Good luck!

Owen O’Reilly P1 and P3 specialist, City Colleges

P1Owen O’Reilly

Requirements can and will come from anywhere on the syllabus! No new articles: Recent article on Integrated Reporting still NB. Possibly also CG Inside Out (Cultural/values – Tone from the Top).

Some areas to note for our Revision Course include:

Corporate Governance

1. Charity CG (HHO 6/11)/ Public Sector (VFM) (Chambon 12/14)vrs for profit.

2. Family co diffs in governance (LumCo 6/12, Happy & H 6/10, Lysus 6/15) = INSIDER/Outsider.

3. Role of company secretary/Chairman/CEO/NEDS (Chemco pilot)(NIC 12/14,Geeland 12/11) 4. All Comms, Nomination comm– Diversity (HWL 12/13), succession planning, Committees (Hafnium 6/15)

5. Agency (Rosey 6/15, CSC S/D 16), Stakeholders (Rosey 6/15, Philo M/J 16)

6. Two tier board (Lum 6/12),

7. Principles of CG (MRA Sep/Dec /15), CPD (Loho 12/14), Induction (Lum 6/12)

8. Bribery(MRA 9/12 15)

Risk and Internal Controls

1. Internal Control disclosures SOX vrs Turnbull

2. Case for mandatory external reporting of IC on FR & risks (ZPT 12/10) (Mahmood 6/14)

3. IC (Pulpo 6/15, CSC S/D 16) over fraud/ IC limitations

4. Contents of Ext Report on IC (West v Leroi 6/8)

5. Risk defs (ALL!), Risk manager role (H&Z 6/9), External Risk Audit (World Justice 6/14) Strategic vrs operational risk (P&J 12/12), Risk is dynamic (YGT 6/11), TARA (YGT 6/11),

Ethics

1. Relativism, Absloutism, deontological, teleological (MRA 9/12 15)

2. Public Interest (Policy Speech 06/09, Ann Koo 6/11, HH 6/14, Philo M/J 16)

3. AAA (Hayho 6/12)/ Tucker(RDC 12/12)/ Kolhberg (Bobo 6/11, Pulpo 6/15, Angus Fortune M/J 16) 4 ethical stances (HWL 12/13)

4. GOA (Football 12/07, ‘Rights and Responsibilities’ in Biggo 12/11, Plantex Sep/Dec 15)

5. Normative vrs instrumental approach to stakeholders (JH Graphics 34 in Kit)

6. Ethical Threat to independence/safeguards (Ann Koo6/11, Hum and Hoo 6/14)

7. Corporate codes of ethics (JH Graphics 34 in Kit, Hogg 12/08, Coastal Oil 12/11) ACCA Prof Code (Angus Fortune M/J 16, MARCH 17) Corporate Citizen

8. Sustainability (JGP 12/10, Wyland 12/13)/ full cost accounting /CSR(Rosey 6/15)

9. EMAS Env Audit/Footprint (JGP 12/10, Pulpo 6/15, Hum 6/14, WSK M/J 16) Environmental report Pulpo 6/15)

10. IR (Plantex Sep/Dec 15) 3Es (Philo M/J 16)

Exam technique is crucial! USA: Understand the requirement. Structure answer (use Key Words!). Apply to scenario. Do the mock and then do another. Stress the professional qualities of Accountability, Scepticism, Independence, and Sustainability in your answers. And... Good luck!

Owen O’Reilly P1 and P3 specialist

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General advice on P5 The key requirement to pass P5 questions is to read the exam question very carefully to ensure that you know exactly what the examiner is asking you to do and that you clearly understand the link between 1) the question requirement 2) the scenario presented to you and 3) the technical content of the P5 syllabus. These links should be clear to you before you start writing your answer, if they are not, it is highly likely that you have misinterpreted what the question is asking you to do. …

Key areas that you need to focus on:

The link with corporate mission, CSF’s, KPI’s and information systems. (It is vital that the information provided to management actually enables them to monitor the successful implementation of strategy. The role of information systems and performance reports is regularly examined in the Case Study 50 marker.

Also make sure you cover Budgetary Control systems like Variance Analysis as a performance management system versus ABC/ABM/VCA and lean manufacturing

Some areas to note include:

· Fitzgerald & Moon’s Building Blocks/Lynch & Cross’s Performance Pyramid/ Balanced Scorecard

· Prediction of Corporate Failure Models

· The role of Big Data-note in particular the recent article by Ken Garrett now on the Technical resources database for P5

· Interpreting Financial Data-Dangers-note technical article

· Management by Objectives (Performance Appraisal) and the use of Reward strategies

· Performance Metrics-EVA/ROI/RI/Shareholder Value

· 6 Sigma and Quality

· Integrated Reporting-implications for management accountants

· Environmental KPI’s

Good luck with your studies!

Martin Corboy, F5 and P5 specialist

Variants

First of all don’t forget that you have two main choices of variant with P7. These are Irish or International variants. As a guide if you are planning to be an audit partner and you currently work in an audit practice (medium to large firm) then the Irish variant is best for you, otherwise choose the International variant. You should also have chosen P2 UK variant as well (no Irish variant for accounting standards) in order to qualify for an Irish practicing certificate

Section A (Compulsory)

The format of this paper hasn’t changed for quite a while, good news for us all!

Q1 tends to be on risk and planning and covers Audit Risk, or Business Risk or Financial Statement Risk (RoMM). The examiner has been known to mix up these topics e.g. Q1 a. Business Risk and Q1 b. FS Risk. Make sure you know all 3 risk areas well.

Q2 is traditionally the non-audit question covering topics such as Forensics, Due Diligence, Internal Audit, Outsourcing, KPI’s and PFI (don’t forget Insolvency for Irish variant students).

Section B (Optional 2 from 3)

Q3 is the file review question that you perform as an audit manager considering the matters and evidence. This question tests your detailed knowledge on F3, F7 and P2 accounting standards. Don’t forget to bring in materiality!

Q4 is usually the Ethics and Practice Management question that could include quality control, tendering, lowballing, fees and advertising plus steps or actions you may take. Irish variant students don’t forget the new FRC 2016 Ethics Standard that replaced the 5 individual FRC Ethical Standards.

Finally Q5 is traditionally the audit reporting question. With the new format of the audit report and the new Key Audit Matters (KAM) this is likely to be a regular contender for the next few sittings. Don’t forget the going concern paragraph if required and be able to comment and consider alternative audit opinions.

If you have any queries about the syllabus, or which variant to choose then please do get in touch. Good luck with your studies!

Shaun Browne F8 and P7 specialist

CALENDAR OF KEY ACCA DATES FOR 2018 JANUARY 15th Jan: December Exam results 29thJan: Standard March Exam entry deadline

FEBRUARY 5th Feb: Late March Exam entry deadline 12th Feb: Early June exam deadline

MARCH 5th - 9th Mar: Exams week

APRIL 16th Apr: March Exam results 30th Apr: Standard June Exam entry deadline

MAY 7th May: Late June Exam entry deadline 14th May: Early Sept exam deadline

JUNE Jun 4th - 8th: Exams week

JULY 16th July: June Exam results, 30th July: Standard Sept Exam entry deadline

AUGUST 6th Aug: Late Sept Exam entry deadline 13th Aug: Early Sept exam deadline

SEPTEMBER 3rd - 7th Sept: Exams week

OCTOBER 15th Oct: Sept Exam results 29th Oct: Standard December Exam entry deadline

NOVEMBER 5th Nov: Late December Exam entry deadline 12th Nov: Early March exam deadline

DECEMBER 3rd - 7th Dec: Exams week

P7Shaun Browne

P5Martin Corboy

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DIPLOMA IN ACCOUNTING & BUSINESS

LIVE LECTURESStreamed Online & RecordedCity Colleges is Ireland’s original provider of ‘Live, Streamed and Recorded’ ACCA tuition.

Our live ACCA classes from South Great George’s Street in Dublin are ALSO broadcast live online throughout the country. This is our seventh year streaming our classes live and our experience in delivering, streaming and recording your classes is a key benefit for you because you will never miss a class or an explanation.

You can even ask questions online during the class! It is the best of all worlds and a great advantage for our students because you can watch at your convenience.

Ireland’s original provider of ‘Live, Streamed and Recorded’ ACCA tuition

The Diploma in Accounting and Business is a great start to your ACCA journey! This internationally recognised ACCA Diploma is granted to those who pass the first three papers F1, F2 & F3. No previous academic qualifications are required to study for these qualifications which provide you with a very good grounding in accounting. Diploma in Accounting and Business requires you to pass;• Accountant in Business (F1)• Management Accounting (F2)• Financial Accounting (F3)

In addition you will be required to complete a professionalism and ethics module called Foundations in Professionalism. Furthermore you will be required to complete one year’s relevant practical experience in any accounting environment to show you can use your knowledge from the exams in the workplace. Experience can be completed before, at the same time or after taking your exams.

How long will it take to complete?It’s up to you as there is no time limit. You can sit the exams on demand as computer-based exams in our ACCA approved CBE centre here at City Colleges.

Who are my tutors?Your tutors are Martin Corboy (F2), Georgina Skehan (F3) and Owen O’Reilly (F1). These are all excellent and caring tutors who will guide you with their extensive exam experience and good humour.

When can I start?Classes commence in February 2018. Remember all classes are streamed live and recorded for your convenience. So you will never miss a class or an explanation. The recordings also make later starts possible. Call if you have any questions – or drop in for a coffee at any stage and we will get you started on your ACCA journey!

“ Availability of online facility means I don’t miss classes when I travel with work” - Ciaran Maloney

11

ONLINE

Enrol and pay on our websitecitycolleges.ie to secure you place

ENROL NOW

POST

Download an application from our website, or call 1850 25 27 40

to request an application form

PHONE Apply by phone

Call 1850 25 27 40

City CollegesWicklow House, 84-88 South

Great George’s Street,

Dublin 2, Ireland

Tel: 1850 25 27 40 Email: acca@citycolleges.ie

Web: www.citycolleges.ie

• Convenient city centre location • Attend from anywhere with classes streamed online • Remote participants can ask questions live • Never miss a class or an explanation

City CollegesWicklow House, 84-88 South Great George’s Street, Dublin 2, Ireland.Telephone: 1850 25 27 40 • Email: acca@citycolleges.ie

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Live. Streamed. Recorded.

CITY COLLEGESYour Clear AdvantageWHY CITY

COLLEGES?