Level 7

At West Suffolk College in Bury St Edmunds we offer high level tuition and revision for ACCA Professional Skills Exams.  These are delivered as a modular approach approximately every 3 months as follows:

Advanced Performance Management (APM)

Application of relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

Advanced Financial Management (AFM)

This module is designed to replicate the role of a senior financial executive or advisor, and prepares candidates to advise management and / or clients on complex strategic financial management issues facing an organisation.

Strategic Business Reporting (SBR)

This module requires students to demonstrate ability to make strategic business reporting decisions.  Set within the corporate reporting environment, students will be tested on concepts, theories, principles and ability to apply this knowledge to real life scenarios.

Strategic Business Leader (SBL)

This module mirrors the workplace and provides students with real world challenges allowing demonstration of a blend of technical, practical and professional skills.  Working through the Ethics and Professional Skills module either before the start or alongside studies, this gives students insights into professional skills that can be applied in the exam and in the workplace.

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At West Suffolk College in Bury St Edmunds we offer high level tuition and revision for ACCA Applied Skills Exams.  These are delivered as a modular approach approximately every 3 months as follows:

Financial Management - 12 March 2024 - 4 June 2024

Students will learn to:

• discuss the role and purpose of the financial management function
• assess and discuss the impact of the economic environment on financial management
• discuss and apply working capital management techniques
• carry out effective investment appraisal
• identify and evaluate alternative sources of business finance
• discuss and apply principles of business and asset valuations
• explain and apply risk management techniques in business.

Performance Management - September 2024 - December 2024

Students will learn to:

• explain and apply cost accounting techniques
• select and appropriately apply decision-making techniques to facilitate business decisions, and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks
• identify and apply appropriate budgeting techniques and methods for planning and control, and use standard costing systems to measure and control business performance and to identify remedial action
• identify and discuss performance management information and measurement systems, and assess the performance of an organisation from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects

Audit and Assurance - January 2025 - March 2025

Students will learn to:

• explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct, describing the scope and distinguishing between the functions of internal and external audit
• demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
• describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks and their potential consequences, making appropriate recommendations
• identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs)
• explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work and are reflected in different types of auditor's report, written representations and the final review and report.

Taxation - March 2025 - June 2025

At the end of the module, students will be in a position to:

• Explain the operation and scope of the tax system and the obligations of tax payers and/or their agents and the implications of non-compliance
• Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed
• Explain and compute the chargeable gains arising on individuals
• Explain and compute the inheritance tax liabilities of individuals
• Explain and compute the corporation tax liabilities of individual companies and groups of companies
• Explain and compute the effects of value added tax on incorporated and unincorporated businesses.

Course to be delivered at West Suffolk College, Bury St Edmunds per module as follows.

Tuition Days -6 days

Revision Days - 2 days

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Accountancy or taxation professionals provide financial information and advice to organisations of all types and sizes; from owner managed businesses to multi-national organisations; from private enterprises to public sector institutions, from entrepreneurs to charities. Examples of roles as an Accountancy or taxation professional include, but are not limited to, Financial accountant, Management accountant, Tax accountant, Tax adviser, Tax specialist, External auditor, Internal auditor, Financial analyst, Management consultant, Forensic accountant and Business advisor.

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