ACCA in good company. Competence counts! Worth a try! Contact us:

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1 ACCA in good company Competence counts! Worth a try! Contact us: academyofbusiness@pl.ey.com Tel EY Academy of Business al. Armii Ludowej 26, Warszawa We are giving you a brochure, which will enable you to find out about ACCA first hand. TheFundamentals Knowledge Level courses Papers F1, F2, F3 are now available separately from the rest of the programme. During these course days you will familiarise yourself with ACCA, find out how we conduct our courses, have an opportunity to talk to our tutors and ask your own questions, and eventually be in a better position to decide if ACCA is for you. ACCA is a professional qualifications for managing the modern organization The ACCA Qualification is one of the most highly respected and valued qualifications available internationally. It is recognised by member states of the European Union. Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law. The ACCA Programme is most suitable for those that aspire to become professionals in any sector of business. University graduates of any discipline can join the programme. No previous knowledge of accounting or finance is required.

2 ACCA Subjects ACCA is a comprehensive program in which emphasis is placed on both the financial management skills and management strategies for decision makers. Thus, participation in the program expands the professional knowledge of employees while at the same time reduces the additional cost of training borne by the employer. Course participants gain knowledge at an advanced level, including: International Financial Reporting Standards (IFRS) - F3, F7, P2 Performance Management - F2, F5, F9, P4, P5 Financial Strategies and Business Strategies (IT, Marketing, HR) - F1, P3, P4 Tax Law - F6 Corporate and Business Law - F4 The number of training days differs between papers. Course participants should spend on average a minimum of eight hours per week of self-study. The duration of the program, from its inception to passing the final examinations averages between two and a half to four years. ACCA students have a maximum of 10 years to complete all the exams since the beginning of Professional Level. Both the courses and the exams are conducted in English. The content of the ACCA program is given in the table on pages Professional Optional P5 Advanced Performance Management P6 Advanced Taxation P4 Advanced Financial Management P7 Advanced Audit and Assurance Professional Essential P1 Professional Accountant P3 Business Analysis P2 Corporate Reporting Fundamentals Skills F4 Corporate and Business Law F5 Performance Management F6 Taxation F9 Financial Management F7 Financial Reporting F8 Audit and Assurance Fundamentals Knowledge F2 Management Accounting F1 Accountant In Business F3 Financial Accounting

3 ACCA Examinations Each ACCA paper has one exam. The examination sessions are organised directly by ACCA and take place four times a year, in March, June, September and December throughout the world. The examinations as well as the courses are conducted in English. The tables on pages 9-13 show the structure and content of the syllabus. Exemptions from examinations Graduates of economics, accounting or related degrees at Bachelor or Master level may apply for ACCA exemptions from the first exams (F1 to F4). List of colleges and courses accredited by ACCA is published on the website: faces/page/public/accreditations/enqui ry/main/enqinstitutionstable.jspx Applicants to the program can instantly see which items will receive a waiver. Tax advisors receive an exemption from the subject F6. What EY Academy of Business offer Our courses are intensive and are specially designed to help the candidate apply examination technique. We believe that when candidates start the ACCA programme it is essential that they get a strong grounding in Financial and Management Accounting by attending our intensive courses in papers F2 and F3. The intensive introductory courses prepare participants very well for the F2 and F3 examinations. The usual structure of courses (with the exception of papers F2 and F3) is a one or two-day introductory course (normally at weekends) to put candidates into context. A few weeks later there is a twoday mid-term course. Before the exam there is a longer revision course during which the candidates practise exam questions. One month before the exam, candidates take our Mock Exam (a Practice Exam). This is conducted under exam conditions and its purpose is to give the candidates feedback before the real exam. Structure of the course: Module 1: one- or two-day introductory training, in which participants practise exam tasks using their newly acquired knowledge. Self-study manuals and training materials to be used at home are distributed Module 2: a two-day refresher course supplementing the knowledge gained in module 1. Usually organized in two or three weeks before the Mock Exam Mock exam: five or six weeks before the exam, all ACCA course participants take a trial exam, which is designed to test their existing knowledge and their skill of examination technique. The same rules apply as in the real exam. It is the best exercise before the actual exam Module 3: attention is focused on the more difficult subjects while continuing the practicing at the level of the examination; drilling down to the detail and reviewing knowledge and exam technique Those who have a certificate of passing 10 exams for Polish Statutory Auditor can receive an exemption from all parts of Fundamentals (F1 to F9). Exemptions are possible only in the Fundamentals level. No exemptions are granted in the Professional section. Hot-line: participants are in constant contact with their trainers via in order to have support for their home study. During the course, we provide: energy donuts in the morning, sandwiches at noon and tea/coffee throughout the day. A detailed schedule of our courses is shown on page 8.

4 EY Representation You can register for ACCA exams and courses through your chosen website or through EY Academy of Business. Participation in the ACCA Program with EY as your representative and administration through us is only possible if you choose a minimum of one course per semester. We assist in all matters relating to ACCA over the course of your studies. We deal with all issues associated with the ACCA registration, exams and annual fees. You are registered under a special code and all correspondence with ACCA passes through us. If you choose registration through us we administrate all your studies and instead of you dealing with ACCA administration, you contact us and we will do it all for you. Invoices are sent to you always at the beginning of the semester for all costs associated with your participation in the program (course fees, books, examinations and administration). Fees for exams must be sent to us earlier than if you were dealing with ACCA directly. Investment Below you can find information on examination fees, books and representation. Fees are charged in advance for each subsequent semester on the basis of a pro-forma invoice. Prices for individual modules can be found on page 6. ACCA fees for 2016 in PLN* Registration fee *500 PLN + 23% VAT (to be paid once) Annual Subscription *535 PLN + 23% VAT (to be paid each year, upfront) CBE Computer Based Exam costs F1, F2, F3-375 PLN + 23% VAT F4 460 PLN + 23% VAT Administration by EY Administration by EY 470 PLN + 23% VAT (one time, when registering a candidate with ACCA) 235 PLN + 23% VAT (each semester) *All prices are established according to the HSBC selling rate on 7 June 2016 plus 7% of exchange differences. Prices are in force up to 15 September In case of significant rate fluctuations of the pound prices are subject to change.

5 The Kaplan Publishing textbook pack (including electronic version of the book and an interactive Text which allows students to click around the content) costs 360 PLN + 5% VAT Price per textbook: Complete text Exam kit Pocket notes 215 PLN + 5% VAT 110 PLN + 5% VAT 75 PLN + 5% VAT There is a possibility of purchasing training materials to Paper F6 (taxes, Polish variant) for 360 PLN + 5% VAT ATTENTION: Ordered books have to be collected within the month after the order date (course participants can collect books in our office during classes) 2016 ACCA courses price list Fundamentals. Knowledge Level F2 Management Accounting MA F3 Financial Accounting FA ACCA Cost per course (in PLN) e-learning Number of days 950 zł + 23% VAT - e-learning package 390 zł + 23% VAT e-learning mini package: zł +23% VAT - 4-day e-learning course or 950 zł +23% VAT - e-learning package 390 zł + 23% VAT e-learning mini package: Kursy stacjonarne F2 Management Accounting MA VAT 3 F3 Financial Accounting FA VAT 4 Fundamentals. Skills Level F5 Performance Management PM VAT 6 F5 Performance Management PM Revision Only VAT 2 F6 Taxation TX 2 399* + VAT 5 F6 Taxation TX (PL) Revision Only 1 139* + VAT 2 F7 Financial Reporting FR VAT 8 F7 Financial Reporting FR Revision Only VAT 2 F8 Audit and Assurance AA VAT 6 F8 Audit and Assurance AA Revision Only VAT 2 F9 Financial Management FM VAT 6 F9 Financial Management FM Revision only VAT 2 Professional. Essentials P1 Governance, Risk and Ethics VAT 4 P2 Corporate Reporting CR VAT 7 P2 Corporate Reporting CR Revision Only VAT 2 P3 Business Analysis BA VAT 4 Professional. Options P4 Advanced Financial Management AFM VAT 7 P5 Advanced Performance Management APM VAT 5 The prices are net plus VAT of 23%. * For Paper F6 (taxes, Polish variant) there is no possibility to buy textbooks by Kaplan Publishing Foulks Lynch. Training materials distributed at the course play the role of books. Their price has been added to the cost of training; there is no possibility of their resignation.

6 During one examination session, you can sit up to 4 exams. However, you cannot take more than 8 exams in one year. Examination entry - September 2016 session Late entry* Examinations Early entry Deadline: 2 May 2016 Standard entry Deadline: 18 July 2016 *available only through your personal myacca account Fundamentals F1-F3 (per paper) Fundamentals F4-F9 (per paper) PLN % VAT PLN % VAT PLN % VAT Professionals P1-P7 (per paper) PLN % VAT PLN % VAT PLN % VAT Examination entry - December 2016 session Late entry* Examinations Early entry Deadline: 1 August 2016 Standard entry Deadline: 10 October 2016 *available only through your personal myacca account Fundamentals F1-F3 (per paper) Fundamentals F4-F9 (per paper) PLN % VAT PLN % VAT PLN % VAT Professionals P1-P7 (per paper) PLN % VAT PLN % VAT PLN % VAT September 2016 Session Timetable Monday 5 September Tuesday 6 September Wednesday 7 September Thursday 8 September Friday 9 September F8/P7 F7/P2 F5/P1/P5 F6/P3/P6 F4/F9/P4 December 2016 session timetable Monday 5 December Tuesday 6 December Wednesday 7 December Thursday 8 December Friday 9 December F2/F8/P7 F7/P2 F5/P1/P5 F3/F6/P3/P6 F1/F4/F9/P4 All prices are established according to the HSBC selling rate on 2 June 2016 plus 7% of exchange differences. Prices are in force up to 15 September In case of significant rate fluctuations of the pound prices are subject to change.

7 What does the payment cover? Training from 9:00 to 16:30 Learning materials Hot-line secure & constant contact with trainer Mock examination Snacks during breaks. Including: at 11:00 fresh doughnuts and fruits and at 13:00 sandwiches and yoghurts Tea, coffee and water throughout the day Payment method We accept only bank transfers. At the start of every semester we ask about your plans regarding the next examination session. Upon receipt of a written declaration how many exams you are planning on sitting in a given semester and what courses you plan on attending - we send you a pro forma invoice. Once payment is made, we send a VAT invoice. Registration If you are interested in the ACCA programme and you wish to start, please complete the attached application form on the last page and return it via on: academyofbusiness@pl.ey.com as soon as possible. Applications will be accepted on a first come first served basis. If you would like to receive more information, please contact us on: or send us an academyofbusiness@pl.ey.com You are more than welcome to use our web site We currently have special offers! Find out about our special offers! CBE Computer based exams F1, F2, F3, F4 at a discounted price 1 2 Take & Pass 60% discount on all repeated courses 3 4 Course materials \ included in the price *60% discount is calculated from our standard ACCA prices. Ask your consultant about the details.

8 Courses preparing for examinations in December 2016 and March 2017 sessions in Warsaw Fundamentals. Knowledge Level Module F2 Management Accounting MA January 2017 F3 Financial Accounting FA December 2016 There is also e-learning package available: There is also 4-day e-learning course available: Fundamentals. Skill Level Module Module Module/Revision F5 Performance Management PM 1-3 October (Sat-Mon) 4-6 November (Fri-Sun) F6 Taxation TX 1-3 October (Sat-Mon) October (Sat-Sun) F7 Financial Reporting FR October (Sat-Sun) 4-6 November (Fri-Sun) November (Fri-Sun) F8 Audit and Assurance AA October (Sat-Sun) 5-6 November (Sat-Sun) November (Sat-Sun) F9 Financial Management FM October (Sat-Mon) November (Fri-Sun) Professional. Essentials Module 1 Module 2 Module 3/Revision P1 Governance, Risk and Ethics 5-6 November (Sat-Sun) November (Sat-Sun) P2 Corporate Reporting CR October (Sat-Sun) November (Fri-Sun) November (Sat-Sun) P3 Business Analysis BA October (Sat-Sun) November (Sat-Sun) Professional. Options P4 Advanced Financial Management AFM October (Sat-Sun) November (Fri-Sun) November (Sat-Sun) P5 Advanced Performance Management APM October (Sat-Sun) November (Fri-Sun) You can sign up for the ACCA mock exam at the price of: 129 PLN + 23% VAT each exam Mock exams will take place in the second week of November. Mock exams are free of charge for our course participants.

9 ACCA Qualification syllabus Paper F1 Accountant in Business AB Fundamentals Business organisation structure, governance and management: The business organisation and its structure; The formal and informal business organization; Organisational culture in business; Stakeholders of business organizations; Information technology and information systems in business; Committees in the business organization; Business ethics and ethical behaviour; Governance and social responsibility in business. Key environmental influences and constraints on business and accounting: Political and legal factors; Macro-economic factors; Social and demographic factors; Technological factors; Competitive factors. History and role of accounting in business: The history and function of accounting in business; Law and regulation governing accounting; Financial systems, procedures and IT applications; The relationship between accounting and other business functions. Specific functions of accounting and internal financial control: Accounting and finance functions within business; Internal and external auditing and their functions; Internal financial control and security within business organizations; Fraud and fraudulent behaviour and their prevention in business. Leading and managing individuals and teams: Leadership, management and supervision; Individual and group behaviour in business organizations; Team formation, development and management; Motivating individuals and groups. Recruiting and developing effective employees: Recruitment and selection, managing diversity, and equal opportunity; Techniques for improving personal effectiveness at work and their benefits; Features of effective communication; Training, development, and learning in the maintenance and improvement of business performance; Review and appraisal of individual performance. Paper F2 Management Accounting MA The nature and purpose of cost and management accounting: Accounting for management; Cost and management accounting versus financial accounting. Cost classification, behaviour and purpose: Production and non-production costs; Direct and indirect costs; Fixed and variable costs. Business mathematics and computer spreadsheets: Dealing with uncertainty; Statistics for business; Use of computer spreadsheet, Cost accounting techniques: Accounting for materials; Accounting for labour; Accounting for overheads; Marginal and absorption costing; Job and batch costing; Process costing; Service / operation costing. Budgeting and standard costing: Nature and purpose of budgeting; Functional budgets; Flexible budgets and standard costing; Basic variance analysis under absorption and marginal costing; Reconciliation of budgeted profit to actual profit; Behavioural aspects of budgeting; Performance measurement overview, application, monitoring and performance. Capital budgeting and discounted cash flow analysis: Investment appraisal using NPV, IRR, Payback, and ROI. Paper F3 Financial Accounting FA The context and purpose of financial reporting: The reasons for, and objectives of, financial reporting; Users and stakeholders needs; The main elements of financial reports; The regulatory framework. The qualitative characteristics of financial information and the fundamental bases of accounting: The qualitative characteristics of financial reporting; Alternative bases used in the preparation of financial information. The use of double-entry and accounting systems: Double-entry book-keeping principles including the maintenance of accounting records and sources of information; Ledger accounts, books of prime entry, and journals; Accounting systems and the impact of information technology on financial reporting. Recording transactions and events: Sales and purchases; Cash; Inventory; Tangible non-current assets; Depreciation; Intangible noncurrent assets and amortization; Accruals and prepayments; Receivables and payables; Provisions and contingencies; Capital structure and finance costs. Preparing a trial balance: Trial balance; Correction of errors; Control accounts and reconciliations; Bank reconciliations; Suspense accounts. Preparing basic financial statements: Balance sheets; Income statements; Events after the balance sheet date; Accounting for partnerships; Cash flow statements (excluding partnerships); Incomplete records; Prepare simple consolidated financial statements; Interpretation of financial statements.

10 ACCA Qualification syllabus Paper F4 Corporate and Business Law GLO Fundamentals Essential elements of legal systems: Economic, Political and Legal Systems; Different legal systems; International trade, international legal regulation and conflict of law; Alternative Dispute Resolution mechanisms and the UNCITRAL Model Law on International Commercial Arbitration. International business transactions: Introduction to the United Nations Convention on Contract for the International Sale of Goods and ICC Inco terms; Formation of contract; Obligations of the seller; Obligations of the buyer; Provisions common to both the seller and the buyer, the passage of risk; Transportation documents; Means of payment. International business forms: Agency; Partnerships. The formation and constitution of joint stock companies: Corporations and legal personality; The formation of the company; The constitution of the company. Capital and the financing of companies: Share capital; Loan capital; Capital maintenance and dividend law. Management, administration and regulation of companies: Company directors; Other company officers; Company meetings and resolutions. Legal implications relating to companies in difficulty or in crisis: Insolvency; Alternatives to winding up. Governance and ethical issues relating to business: Corporate governance; Fraudulent behaviour. Paper F5 Performance Management PM Specialist cost and management accounting techniques: Activity-based costing; Target costing; Life-cycle costing; Environmental accounting; Throughput accounting. Decision-making techniques: Multi-limiting factors and the use of linear programming and shadow pricing; Pricing decisions; Make-orbuy and other short-term decisions; Dealing with risk and uncertainty in decision- making. Budgeting: Objectives; Budgetary systems; Types of budget; Quantitative analysis in budgeting; Behavioural aspects of budgeting. Standard costing and variance analysis: Budgeting and standard costing; Basic variances and operating statements; Material mix and yield variances; Planning and operational variances; Behavioural aspects of standard costing. Performance measurement and control: The scope of performance measurement; Divisional performance and transfer pricing; Performance analysis in not-for-profit organisations and the public sector; External considerations and behavioural aspects. Paper F6 Taxation TX PL The Polish tax system: Function and purpose of taxation in modern economies and specifically Poland. Computation of tax liability of individuals and corporations: various sources of income whether personal or corporate; Exemptions and reliefs. ZUS: Scope; Contributions for employed persons; Other contributins; health servive contributions. VAT: Scope; Registration; Computation of liability; Penalties Paper F7 Financial Reporting FR IFRS A conceptual framework for financial reporting: The need for a conceptual framework; Understandability, relevance, reliability and comparability; Recognition and measurement; The legal versus the commercial view of accounting; Alternative models and practices; The concept of faithful representation ( true and fair view ). A regulatory framework for financial reporting: Reasons for the existence of a regulatory framework; The standard setting process; Specialised, not-for-profit, and public sector entities. Financial statements: Cash flow statements; Tangible non-current assets; Intangible assets; Inventory; Financial assets and financial liabilities; Leases; Provisions, contingent liabilities, and contingent assets; Impairment of assets; Taxation; Regulatory requirements relating to the preparation of financial statements; Reporting financial performance. Business combinations: The concept and principles of a group; The concept of consolidated financial statements; Preparation of consolidated financial statements including an associate Analysing and interpreting financial statements: Limitations of financial statements; Calculation and interpretation of accounting ratios and trends to address users and stakeholders needs. Limitations of interpretation techniques; Specialised, not-for-profit, and public sector entities.

11 ACCA Qualification syllabus Paper F8 Audit and Assurance AA Fundamentals Audit Framework and Regulation: The concept of audit and other assurance engagements; Statutory audits; The regulatory environment and corporate governance; Professional ethics and ACCA s Code of Ethics and Conduct. Internal audit: Internal audit and corporate governance; Differences between external and internal audit; The scope of the internal audit function; Outsourcing the internal audit department; Internal audit assignments. Planning and risk assessment: Objective and general principles; Understanding the entity and knowledge of the business; Assessing the risks of material misstatement and fraud; Analytical procedures; Planning an audit; Audit documentation; The work of others. Internal control: Internal control systems; The use of internal control systems by auditors; Transaction cycles; Tests of control; The evaluation of internal control components; Communication on internal control. Audit evidence: The use of assertions by auditors; Audit procedures; The audit of specific items; Audit sampling and other means of testing; Computer-assisted audit techniques; Not-for-profit organisations. Review: Subsequent events; Going concern; Management representations; Audit finalisation and the final review. Reporting: Audit reports; Reports to management; Internal audit reports. Paper F9 Financial Management FM Financial management function: The nature and purpose of financial management, Financial objectives and relationship with corporate strategy; Stakeholders and impact on corporate objectives; Financial and other objectives in not-for-profit organisations. Financial management environment: The economic environment for business; The nature and role of financial markets and institutions. Working capital management: The nature, elements and importance of working capital; Management of inventories, accounts receivable, accounts payable and cash; Determining working capital needs and funding strategies. Investment appraisal: The nature of investment decisions and the appraisal process; Non-discounted cash flow techniques; Discounted cash flow (DCF) techniques; Allowing for inflation and taxation in DCF; Adjusting for risk and uncertainty in investment appraisal; Specific investment decisions (lease or buy; asset replacement, capital rationing). Business finance: Sources of, and raising short-term finance; Sources of, and raising long-term finance; Internal sources of finance and dividend policy; Gearing and capital structure considerations ; Finance for Small and Medium-size Entities (SMEs); Islamic Finance. Cost of capital: Sources of finance and their relative costs; Estimating the cost of equity; Estimating the cost of debt and other capital instruments; Estimating the overall cost of capital; Capital structure theories and practical considerations; Impact of cost of capital on investments. Business valuations: Nature and purpose of the valuation of business and financial assets; Models for the valuation of shares; The valuation of debt and other financial assets; Efficient market hypothesis (EMH) and practical considerations in the valuation of shares. Risk management: The nature and types of risk and approaches to risk management; Causes of exchange rate differences and interest rate fluctuations; Hedging techniques for foreign currency risk; Hedging techniques for interest rate risk.

12 ACCA Qualification syllabus Paper P1 Governance, Risk and Ethics Professional - essentials Governance and responsibility: The scope of governance; Agency relationships and theories; The board of directors; Board committees; Directors remuneration; Different approaches to corporate governance; Corporate governance and corporate social responsibility; Governance: reporting and disclosure. Internal control and review: Management control systems in corporate governance; Internal control, audit and compliance in corporate governance; Internal control and reporting; Management information in audit and internal control. Identifying and assessing risk; Risk and the risk management process; Categories of risk; Identification, assessment and measurement of risk. Controlling risk: Targeting and monitoring risk; Methods of controlling and reducing risk; Risk avoidance, retention and modelling. Professional values and ethics: Ethical theories; Different approaches to ethics and social responsibility; Professions and the public interest; Professional practice and codes of ethics; Conflicts of interest and the consequences of unethical behaviour; Ethical characteristics of professionalism. Paper P2 Corporate Reporting CR IFRS The professional and ethical duty of the accountant: Professional behaviour and compliance with accounting standards; Ethical requirements of corporate reporting and the consequences of unethical behaviour; Social responsibility. The legal and financial reporting framework: The contribution and limitations of financial statements in meeting the needs of users and capital markets; The applications, strengths and weaknesses of an accounting framework; Critical evaluation of principles and practices. Reporting the financial performance of entities: Performance reporting; Non-current assets; Financial instruments; Leases; Segment reporting; Employee benefits; Income taxes; Provisions, contingencies and events after the balance sheet date; Related parties; Sharebased payment. Financial statements of groups of entities: Group accounting including cash flow statement; Continuing and discontinued interests; Changes in group structures; Foreign transactions and entities. Specialised entities: Financial reporting in specialised, not-for-profit and public sector entities; Reporting requirements of small and medium sized entities (SMEs). Implications of changes in accounting regulation on financial reporting; The effect of changes in accounting standards on accounting systems; Proposed changes to accounting standards. The appraisal of financial performance and position of entities: The creation of suitable accounting policies; Analysis and interpretation of financial information and measurement of performance. Current developments: Environmental and social reporting; Convergence between national and international reporting standards; Comparison of national reporting requirements; Current reporting issues. Paper P3 Business Analysis BA Strategic position: The need for, and purpose of, strategic and business analysis; Environmental issues affecting the strategic position of an organization; Competitive forces affecting an organization; Marketing and the value of goods and services; The internal resources, capabilities and competences of an organization; The expectations of stakeholders and the influence of ethics and culture. Strategic choices: The influence of corporate strategy on an organization; Alternative approaches to achieving competitive advantage; Alternative directions and methods of development; Strategic action. Organising and enabling success: Managing strategic change; Understanding strategy development; Business process change; The role of process and process change initiatives; Improving the processes of the organization; Software solutions. Information technology: Integrate appropriate information technology solutions; basic hardware and software infrastructure required to support business information systems and to support the organisation s strategy; Identify and analyse general information technology controls and application controls required for effective accounting information systems; Analyse the adequacy of general information technology controls and application controls for relevant application systems; Evaluate controls over the safeguarding of information technology assets to ensure the organisational ability to meet business objectives. E-business: E-business principles and application: upstream supply chain management; downstream supply chain management; customer relationship management; e-marketing Project management: Principles of project management to enable the implementation of aspects of the organisation s strategy with the twin objectives of managing risk and ensuring benefits realisation. Identifying and initiating projects; Managing and leading projects; Monitoring, controlling and concluding projects. Financial Analysis: The link between strategy and finance; Finance decisions to formulate and support business strategy; Financial implications of making strategic choices and of implementing strategic actions; forecasting techniques used in business analysis and strategy developent. People: Strategy and people: leadership;performance management; job design; staff development.

13 ACCA Qualification syllabus Paper P4 Advanced Financial Management AFM Professional - options Role and responsibility towards stakeholders: Conflicting stakeholder interests; The role and responsibility of senior financial executive/advisor; Impact of environmental issues on corporate objectives and on governance; Financial strategy formulation; Ethical issues in financial management. Advanced investment appraisal: Discounted cash flow techniques and the use of free cash flows; Impact of financing on investment decisions and adjusted present values; Application of option pricing theory in investment decisions; International investment and financing decisions; Impact of capital investment on financial reporting. Acquisitions and mergers: Acquisitions and mergers versus other growth strategies; Valuation for acquisitions and mergers; Regulatory framework and processes; Financing acquisitions and mergers. Corporate reconstruction and re-organisation: Predicting corporate failure; Financial reconstruction; Business re-organisation. Treasury and advanced risk management techniques: The role of the treasury function in multinationals; The use of financial derivatives to hedge against forex risk; The use of financial derivatives to hedge against interest rate risk; Other forms of risk; Dividend policy in multinationals and transfer pricing. Economic environment for multinationals: Management of international trade and finance; Strategic business and financial planning for multinationals. Emerging issues in finance and financial management: Developments in world financial markets; Financial engineering and emerging derivative products; Developments in international trade and finance. Paper P5 Advanced Performance Management APM Strategic planning and control: Introduction to strategic management accounting; Appraisal of alternative approaches to budgeting for control; Changes in business structure and management accounting ; Effect of Information Technology (IT) on modern management accounting. Economic, fiscal and environmental factors: Impact of world economic and market trends; Impact of national fiscal and monetary policy on performance; Other environmental and ethical issues. Performance measurement systems and design: Management accounting and information systems; Internal sources of management information; External sources of management information; Recording and processing methods; Management reports. Strategic performance measurement: Performance hierarchy; Scope of strategic performance measures in private sector; Strategic performance issues in complex business structures; Divisional performance and transfer pricing issues; Scope of strategic performance measures in not-for-profit organizations; Behavioural aspects of performance measurement. Performance evaluation and corporate failure: Alternative views of performance measurement; Non-financial performance indicators; Predicting and preventing corporate failure. Current developments and emerging issues in management accounting and performance management: Current developments in management accounting techniques; Current issues and trends in performance management. Paper P7 Advanced Audit and Assurance AAA Regulatory Environment: International regulatory frameworks for audit and assurance services; Money laundering; Laws and regulations. Professional and Ethical Considerations: Code of Ethics for Professional Accountants; Fraud and error; Professional liability. Practice Management: Quality control; Advertising, publicity, obtaining professional work and fees; Tendering; Professional appointments. Assignments: The audit of historical financial information including; Planning, materiality and assessing the risk of misstatement; Evidence; Evaluation and review; Group audits; Audit-related services; Assurance services; Prospective financial information; Forensic audits; Internal audit; Outsourcing. Reporting: Auditor s reports; Reports to management; Other reports. Current Issues and Developments: Professional, ethical and corporate governance; Information technology; Transnational audits; Social and environmental auditing; Other current issues.

14 ACCA Registration Form Kindly, fill in this form and send it by I/We, the undersigned... with no. ACCA registration date of birth... , tel... I confirm participation in the COURSES* preparing for exams: (Please enter symbols and numbers of individual items) Paper: Paper... Paper... Paper... I choose the place of training: owarsaw People choosing courses from F5 to F9 and P2 in Warsaw, please provide the following information: I want to participate in: the whole course r I will attend only Revision classes r *Reservation of places on first-come-first-served basis I would like to order ACCA books to prepare for the exam: u Paper:... rcomplete set r complete text r exam kit r pocket notes u Paper:... rcomplete set r complete text r exam kit r pocket notes u Paper:... rcomplete set r complete text r exam kit r pocket notes u Paper:... rcomplete set r complete text r exam kit r pocket notes I ll pickup myself r Service Administration + annual premium membership ACCA 2016 r Please register me for the EXAMS (please enter symbols and numbers of selected items) Delivery by courier (15 PLN net) r Paper: Paper... Paper... Paper... I choose examination centre in: Gdańsk r Kraków r Poznań r Warszawa r Wrocław r r Other (please specify)... In session: March r June r September r December r Please register me to CBE EXAM (Computer Based Exam) ** Paper F1 r Paper F2 r Paper F3 r Paper F4 r ** We will contact you in order to determine the date Please issue an invoice for the above mentioned services: Name & Surname:.. Address: NIP: and send to the address (if different from above): Before signing this Enrolment Form, students are reminded to ensure that they have read all the terms of their enrolment with EY Academy of Business (see below) in particular clauses concerning refunds, deferments, waivers, course transfers and visa applications (when applicable). I give my consent for an electronic invoice o Yes, to be sent to Terms and conditions of taking part in Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. In order to take part in the course, the above form must be filled out and sent via to: academyofbusiness@pl.ey.com The payment for the course must be settled at least 5 business days prior to the commencement of the course. The payment should be settled through a bank transfer. Account details are as follows: HSBC Bank Polska account number (PLN): Terms and conditions of cancelling participation Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. courses: It is possible to withdraw from the course upon receipt of a written resignation at least 7 days prior to the commencement of the course. If the deadline is missed, the participant must pay the full fee of the course. The cancelation of participation in the course does not result in refund of the payment. However, it is possible to replace the participant unable to attend. Please note that absence at the course training does not provide a basis for reimbursement for training. Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. reserves the right to cancel or reschedule the training. In accordance with art. Paragraph of the Act of 18 July 2002 on electronic services (Journal of Laws No. 144, item. 1204), I agree to receive information from Ernst & Young Academy of Business Ltd., by to the above given , information regarding the course as well as information about other training products. I also agree to the processing of my personal data for purposes of obtaining information from Ernst & Young Spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. al. Armii Ludowej 26, Warsaw (according to the Law of Data Protection, Coll. Laws of 2002 No. 101, item. 926, as amended). At the same time I declare that I have been informed of my right to appeal an approval, which will result in the immediate termination of the sending of commercial information. I hereby declare that I have read and accept the above terms and conditions. Date Signature & company stamp