Student’s Notice Board

May

8 May

In the first year as an ACCA student, students will be required to pay an annual subscription if students complete their initial registration before 8 May.

Late exam entry closing date for the June exams. The late exam entry facility is only available via myACCA for students who have not already entered for the exam session. During the late exam entry period no exam entries can be amended (irrespective of when the entry was made).

June

Exams take place. These are normally held over an eight-day period in the first and second week.

July

The closing date for June administrative review appeals is this month. Please see “Administrative reviews” for further information. The closing date for receipt of a mitigating circumstance request or a centre complaint in relation to the June examination session is this month. Requests must be received within 4 weeks of the date of the exam. Further details can be found under ‘Exam FAQs’.

Simpson Scholarship 2015 – Now Open

The Simpson Scholarship exists to reward talented ACCA students who have already proven themselves to be of sufficient merit and distinction in ACCA examinations. Each year, the Simpson Scholarship will fund the ACCA examination and registration fees of five students for a period of five years or until they become members – whichever happens first. In order to be eligible for the Scholarship, applicants must meet the qualification criteria and submit a 1,000 word essay. Students can apply for the Simpson Scholarship if they meet the following criteria.

  • Registered as an ACCA student, and

  • Paid fees for the year ahead, and

  • No other fees outstanding, and

  • Completed and achieved an average of 80% or more in the Knowledge module (Papers F1-F3) of the Fundamentals level of the ACCA Qualification – at first attempt, or

  • Have achieved 66% or more in at least two ACCA Qualification papers in the Fundamentals Skills module – at first attempt if exemptions from the Knowledge module (Papers F1-F3) of the Fundamentals level are awarded.

The applicant, must write an essay entitled: ‘How the award of a Scholarship will help me to realise my full potential’. When the judging panel are deciding on the winning essays, they are looking for five that will really inspire them and where they can see that the candidate will really benefit from receiving it. The application must be accompanied by a Scholarship submission form including two references.

Your essay must be personal and inspiring and must:

  • be typed in MS word or other similar word processing package

  • be a maximum of 1,000 words

  • be in 12-point sized, black font

  • be double line-spaced

  • have a 1-inch (2.5cm) margin at each side

  • be A4 size

  • include your student registration number, date and page number at the top of each page

  • be in English

  • be clear, concise and relevant to the title above.

If using tables and figures, six figures count as one word. Handwritten submissions will not be accepted.

Submitting your application

Completed applications must be submitted – preferably by email – to: [email protected]

Please do not submit queries about the Scholarship to this mailbox as you will not receive a response. Any queries should be directed to ACCA Connect. If it is not possible to submit the application by email, it will need to be posted to the following address: ACCA, 2 Central Quay, 89 Hydepark Street, Glasgow, United Kingdom, G3 8BW. ACCA cannot accept any responsibility for postal applications that do not arrive before the closing date.

Selection process

There are three stages in the selection process. Below are key dates and details on how the process will be administered.

1 May Closing date for receipt of applications
1 June 20 finalists selected for judging panel
15 June Five Scholarship winners selected by judging panel
26 June Scholarship winners announced

The five Scholarship winners will be notified by ACCA, via email, that their application has been successful. All winners will be sent an information pack and letter confirming that they will receive funds from the Simpson Scholarship.

The winners of the Scholarship will have the following fees paid on their behalf, from the Scholarship Fund, for a maximum of five years from the date of the award or until they have become members – whichever happens first.

Payment of ACCA:

  • examination fees

  • annual student subscription fees

  • annual affiliate subscription fees

  • membership admission fee (does not include the annual membership subscription fee)

As an added bonus, Scholarship winners will be provided with a set of learning materials from one of our Approved Content Providers for each ACCA paper they are studying.

Important Changes to the Time Limits for Completion of the ACCA Exams

ACCA is introducing important changes to the time limit allowed to students for completing the exam component of the ACCA Qualification. Under the current rules, students are removed from the register if they have not completed the exams within 10 years of their initial registration date.

Why is this changing?

ACCA have listened to feedback from employers and students, and are making the changes as a result of this.

ACCA’s current 10 year rule does not take into consideration that ACCA students can start at different levels of the exams. Depending on prior qualifications and exemptions awarded, ACCA allows all students – irrespective of what level they start the exams – 10 years to complete the exams. This means some students have 10 years to complete the five exams at Professional level if they have completed a relevant and accredited accounting and finance degree and some students have 10 years to complete 14 exams if they are starting with the minimum entry requirements and have no exemptions. ACCA wants to be fair and provide the same opportunities to all students. In addition, employers tell us that a time limit is important. They value up-to-date knowledge and want reassurances that ACCA trainees and members have knowledge which is current and relevant to the workplace. Prompt completion of the exams demonstrates a commitment to becoming a professional accountant. You may also find many employers will have their own company policies for completing the exams within a certain time limit.

So what are the changes to the time limit for taking exams?

Under the current rules, students are removed from the register if they have not completed the exams within 10 years of their initial registration date.

Under the new rules a seven year time limit will be introduced at the Professional level. Therefore, there are no time limits for passing the Foundation level exams as part of Foundations in Accountancy or for taking exams F1-F9 at the Fundamentals level of the ACCA Qualification. However, ACCA strongly recommend students take exams on a regular basis as this increases the chances of success.

Students will have seven years to pass the exams at Professional level (P1, P2 and P3 and two of the options paper P4-P7). If a student does not pass all the Professional level exams within seven years, they will lose any passes that were achieved more than seven years ago and will need to retake. The seven year time limit starts when a student passes their first Professional level exam.

When will the new time limit rule take effect?

All current students on the register will have been given a last exam session date which is 10 years from when they initially registered. Under the new rules, if a student has not completed the exams by his/her last session date, he/she will not be removed from the register. However, students will lose any passes achieved at the Professional level if he/she passed them more than seven years ago so these exams will have to be retaken. All Professional Level exams must be passed within a 7 year period.

New students registering with ACCA

The new seven year time rule at Professional level will apply to any new students registering with ACCA who are given March 2016 as their first eligible exam session. (ACCA will be offering four paper exam sessions in March, June, September and December by 2016).

Oxford Brookes Degree and Time Limits

Please note if a student wants to achieve the Oxford Brookes BSc degree in Applied Accounting, the degree must be completed within 10 years of the initial registration on the ACCA Qualification otherwise eligibility will be withdrawn. This rule remains unchanged.

Format Changes

The Fundamentals Paper examinations have undergone significant changes, with a new format for the examination applicable from the December 2014 exam session. Although the knowledge needed to pass remains the same, the way it is being examined is changing. Details of the new structure can be found in the Syllabus and Study Guide at: http://www.accaglobal.com/gb/en/student/acca-qual-student-journey.html

0.00 avg. rating (0% score) - 0 votes