SYLLABUS CHANGES FOR

ACCA QUALIFICATION EXAMS:

2020/21 – 2021/22

Guidance for students

You may previously have prepared for an exam under
the 2020/21 syllabus and are now preparing for that
same exam under the new 2021/22 syllabus, which
applies from September 2021 until June 2022*.

The good news is that there are not too many syllabus
changes overall. The interactive table on the next
page sets out where there are changes and links you
through to more detail about what the changes are,
recommended articles and other resources, including
links to the websites of our Approved Content Providers,
BPP Learning Media and Kaplan Publishing.

For every exam, regardless of syllabus changes, the table

also links you to our ‘Essentials on one page’ resource,
which gives you an overview of the exam as well as tips
for success, guidance on how to tackle the exam and
links to key resources.

ACCESS THE INTERACTIVE TABLE HERE

* Except for LW variants, TX and ATX, which can have a different syllabus
year. Refer to the ACCA website for information about your exam.
Also note the syllabus year for the Applied Knowledge exams runs from
September 2021 to August 2022.
 Use the table below to understand whether your exam is affected by syllabus changes.
Click on the icons to access further information and guidance.

Strategic Professional

EXAM ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES

Strategic Business Reporting (SBR-INT) YES Access more info about the SBR-INT syllabus changes HERE

Strategic Business Leader (SBL) YES Access more info about the SBL syllabus changes HERE

Advanced Financial Management (AFM) NO Access AFM ‘Essentials on one page’ HERE

Advanced Performance Management (APM) YES Access more info about the APM syllabus changes HERE

Advanced Taxation (ATX-UK) N/A Access ATX-UK ‘Essentials on one page’ HERE

Advanced Audit and Assurance (AAA-INT) YES Access more info about the AAA-INT syllabus changes HERE

Applied Skills

EXAM ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES

Corporate and Business Law (LW-ENG) NO – although one learning outcome has been deleted – see HERE Access LW-ENG ‘Essentials on one page’ HERE

Performance Management (PM) YES Access more info about the PM syllabus changes HERE

Taxation (TX-UK) N/A Access TX-UK ‘Essentials on one page’ HERE

Financial Reporting (FR) NO – although the wording of some learning outcomes has been changed Access more info about FR learning outcome changes HERE

Audit and Assurance (AA) YES Access more info about the AA syllabus changes HERE

Financial Management (FM) NO Access FM ‘Essentials on one page’ HERE

Applied Knowledge

EXAM ARE THERE ANY SYLLABUS CHANGES? SUPPORTING RESOURCES

Business and Technology (BT) NO Access BT ‘Essentials on one page’ HERE

Management Accounting (MA) YES Access more info about the MA syllabus changes HERE

Financial Accounting (FA) NO – although the wording of some learning outcomes has been changed Access more info about FA learning outcome changes HERE
Strategic Business Reporting (SBR-INT) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

C11b Discuss and apply the
deletion principles behind the initial
recognition and subsequent
measurement of a biological
asset or agricultural produce.[2]
F1c Discussion of solutions to
addition current issues in financial
reporting.
F1c Discussion of solutions to
deletion current issues in financial
reporting.
Removed as very specialist area that requires
more knowledge than IAS 41 to effectively
report on.
Note it remains within the FR syllabus and is
therefore assumed knowledge for SBR
Updating for current issues and clarifying the
scope and include examples such as digital
assets and global events.
Removed
1. Accounting policy changes and
3. Defined benefit plan amendments, curtailment
or settlement as now incorporated in the main
IFRS standards and added Presentation and
Disclosures to reflect the Exposure Draft (see
Examinable Documents).
What does this mean for me?
For the September 2021-June 2022 exam year, there have been few changes to the
syllabus. As detailed in syllabus section F1(c), you will be expected to discuss the
impact of current reporting issues in corporate reporting. This could be tested by
asking you to apply one or several existing standards to an accounting issue. You may
also be asked to provide an explanation of the resulting accounting implications (for
example, accounting for digital assets or accounting for the effects of a natural disaster
or global event). The following examples are relevant to the current syllabus:
1. Presentation and disclosures
2. Materiality in the context of financial report
3. Management commentary
Examinable documents are updated annually to reflect current developments.

In addition to these changes, there are a variety of minor wording and other changes which have Examinable documents for September 2021 to June 2022 can be found here
been made for clarity. If you would like more detail on these please refer to the table at the end of
the 2021-22 syllabus document.

Recommended resources
ACCA Approved Content n We recommend you make use of all technical articles available for SBR, but we
It’s vital to use up to date study materials when preparing for your exam. would draw your attention to the following articles in particular:
ACCA’s Approved Content materials have been assessed by ACCA’s examining Read the mind of the marker – Part 1
team to ensure they are of the very highest quality. To find out more, please click Read the mind of the marker – Part 2
on the logo links below:
n The key to exam success is question practice. If you’re preparing for an SBR CBE,
visit this page for guidance on how to approach question practice, including using
the new ACCA Practice Platform
n We strongly recommend you complete the Ethics and Professional Skills module
before attempting SBR

For an overview of the SBR-INT exam and guidance on how to tackle it, access the SBR-INT ‘Essentials on one page’ resource here
How to approach the Strategic How to Tackling
prepare the exam
Business Reporting (SBR-INT) exam
SBR has a wide ranging syllabus, which includes many accounting standards,
some introduced in Financial Reporting and others examined only in SBR. Advice from an Most frequently used SBR exam verbs:
Current issues, exposure drafts and narrative reporting frameworks also expert tutor
feature. Questions are set in the context of single entities, groups, private or
public sector, for-profit, or not-for-profit organisations. n Make use of ACCA resources
n Real life reading – eg real
To study SBR effectively you need to understand the nature of the exam and company financial statements
what you will be asked to do. DISCUSS EXPLAIN ADVISE
n Cover the syllabus widely – Read this article for more about exam verbs
breadth rather than depth
n Practice questions, and take
Question approach:
SBR – The Big Picture time to review your answers.
If you’re preparing for an SBR ✓ Analyse the requirements
CBE, visit this page for guidance
✓ Read the scenario carefully to understand
on how to approach question issues and any stakeholder perspective
Stakeholders
practice, including using the
In SBR, as in the workplace, new ACCA Practice Platform ✓ Identify relevant technical knowledge
you need to consider the n Remember – more than one standard
point of view of investors n Written aspects are very
Professionalism is may be relevant, and consider the
and other stakeholders. more than calculating important – don’t just practice
This means analysing and Ethics numbers. It means principles from the Conceptual Framework.
numbers
interpreting information, applying ethics
explaining how transactions and judgement to n Get used to planning and ✓ Apply this to the scenario
Judgement add value, taking n Don’t simply regurgitate everything
affect the financial writing clear answers.
a holistic view and
statements and other you can remember. Select relevant points
communicating
reports or explaining Professionalism professionally. and explain how they apply to the facts in
accounting treatments
and disclosures. the scenario
REPORTING Links to support n You may need to produce some
• financial and non-financial calculations as part of an explanation
• single entities, groups, for-profit, not-for-profit resources but numbers alone will not earn enough
Detailed marks to pass.
Knowledge New detailed n Examining team guidance
gained in knowledge knowledge
previous n Examiner’s reports
• standards
exams
• current development n Technical Articles
Writing a good answer
n How to earn professional marks
Conceptual Framework – how to demonstrate
n Ethics and Professional Skills module
professionalism:
The Conceptual Framework underpins the whole syllabus. The better you know the n Read the mind of the marker – Part 1
Framework, the easier it is to learn the principles of each individual standard.
n Read the mind of the marker – Part 2 n Plan your answer
n Tutor video review of the March n Use headings and short paragraphs
2020 exam n 
Consider the stakeholders – relevant
n Strategic Professional CBE support content and appropriate tone.
n FAQs
Strategic Business Leader (SBL) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

A3 Professionalism, ethical a) Evaluate organisational decisions using the Tucker 5 question approach.[2]
deletion codes and the public interest What does this mean for me?
D1 Identification, assessment g) Recognise and analyse the sector or industry specific nature of many organisation risks.[2]
deletion and measurement of risk i) Explain and assess the ALARP (as low as reasonably practicable) principle in risk
For the September 2021-June 2022 exam year, there have been
assessment and how this relates to severity and probability.[3] few changes to the syllabus. A new learning outcome has been
added on managing, monitoring and mitigating risk, D2g. You
D2 Managing, monitoring g) Apply the concept of assurance mapping to modern risk management using the ‘four should have a knowledge of and be able to apply the concept of
addition and mitigating risk lines of defence’.[3] assurance mapping to modern risk management using the ‘four
lines of defence’
E3 Machine learning, a) Explain the potential benefits of using artificial intelligence (AI), robotics and other
addition AI and robotics forms of machine learning to support strategic decisions and the pursuit of corporate In addition to this, a new learning outcome has been added on
objectives.[2] machine learning, AI and robotics, E3. You should be able to
b) Assess the risk, control and ethical implications of using (AI), robotics and other forms explain the benefits of using artificial intelligence (AI), robotics
of machine learning3
and other forms of machine learning to support strategic
decisions and the pursuit of corporate objectives. You should also
F2 Audit and compliance c) Respond credibly to requests and enquiries from internal or external auditors.[3]
deletion be able to assess the risk, control and ethical implications of using
AI, robotics and other forms of machine learning in the context of
G1 Finance function a) Explain the relationship between an organisation’s financial objectives and its business the scenario presented.
deletion strategy.[2]
Other employability and digital skills, syllabus area J, is an
J Other employability and 1) Use computer technology to efficiently access and manipulate relevant information. addition to the syllabus and reflects that the exam will be sat by
addition digital skills 2) Work on relevant response options, using available functions and technology, as would computer-based exam (CBE), allowing you to demonstrate the
be required in the workplace. skills required for the workplace.
3) Navigate windows and computer screens to create and amend responses to exam
requirements, using the appropriate tools.
4) Present data and information effectively, using the appropriate tools.

In addition to these changes, there are a variety of minor wording and other changes which have been made for clarity. If you
would like more detail on these please refer to the table at the end of the 2021-22 syllabus document.
Recommended resources
n We recommend you make use of all technical articles
available for SBL.
ACCA Approved Content n The key to exam success is question practice. Visit this page
It’s vital to use up to date study materials when preparing for your exam. for guidance on how to approach question practice for SBL,
ACCA’s Approved Content materials have been assessed by ACCA’s including using the new ACCA Practice Platform
examining team to ensure they are of the very highest quality. To find out n We strongly recommend you complete the Ethics and
more, please click on the logo links to the right: Professional Skills module before attempting SBL

For an overview of the SBL exam and guidance on how to tackle it, access the SBL ‘Essentials on one page’ resource here
How to approach the Strategic How to earn Tackling
Business Leader (SBL) exam Professional Skills marks the exam
SBL is a 4 hour integrated case study which examines a breadth of
20% of the total marks will be allocated to Each task will specify an answer format,
organisational functions. It assesses not only technical and ethical
Professional Skills: for example:
skills but the professional skills expected of effective leaders and
advisers to senior management. n Read each requirement: n Prepare a briefing paper …
• Note the specified answer format (e.g. a memo) n Write a report for the board …
The rationale for the syllabus can be summarised as follows:
• Identify the professional skill (e.g. scepticism) and n Draft a letter …
n Leadership and governance
n Strategy requires an understanding of risk management recall the sub-skills (e.g. probe, question, challenge) A task may have more than one requirement,
n Technology and data analytics are transforming businesses • Read the prompt for how to demonstrate for example “evaluate… and recommend…”
n Organisational control includes internal audit (e.g. ‘by challenging the comments made at
n Financial aspects support decision making the emergency meeting’)
n Innovation, performance excellence and change management
n Bear this skill in mind as you: Most frequently used
are essential to organisational success.
• Read the requirement again SBL exam verbs:
• Actively read the relevant exhibit (e.g. transcript of
SBL – Integrating technical emergency meeting)
• Think about and plan your answer points
and professional skills
n When you prepare your answer:
The aim of the syllabus is to combine the main functions EVALUATE DISCUSS RECOMMEND
of organisations in the context of leadership capabilities. • Present it in the specified format
• Use suitable headings and subheadings Read this article for more
about exam verbs
Communication Commercial Acumen • Make only relevant points
• Avoid repetition
• Write clearly and concisely
Employability and Technology

A B C
• Keep your tone professional
Leadership Governance Strategy
Links to support
Analysis

You should complete the Ethics and Professional Skills

Module before attempting any of the Strategic resources
H Professional examinations.
Innovation,
D n Examining team guidance
performance
Risk
excellence and n The importance of effective communication
Tips for success
Evaluation

change management
n How to earn professional marks
in the SBL exam n Professional Skills marking guide
G E
F n How to approach the SBL exam
Finance in Technology
Organisational
planning and
control and audit
and data ✓ Plan to study the syllabus content as quickly as possible n Tutor video review of the March 2020 exam
decision-making analytics
✓ Start practicing case study questions as soon as possible. n Specimen exams
If you’re preparing for an SBL CBE, visit this page
for guidance on how to approach question practice, n Past exam questions and answers
Scepticism
including using the new ACCA Practice Platform. n Examiner’s reports
✓ Work on your professional skills from the outset n Passing Strategic Professional exams

✓ Attempt each specimen and past exam in 4 hours n Strategic Professional CBE support
and in full. n FAQs
How to approach the Advanced Tips for success Tackling
Financial Management (AFM) exam in the AFM exam the exam
This is an advanced level exam which builds upon the knowledge ✓ The key to exam success is question practice.
and skills examined in Financial Management. You will be required to If you’re preparing for an AFM CBE, visit Most frequently used AFM exam verbs:
demonstrate your ability to: this page for guidance on how to approach
question practice, including using the new
n Read and digest quickly, comprehensive and detailed questions ACCA Practice Platform
n Apply relevant knowledge and skills ✓ Break down requirements into all constituent
parts to ensure every part is answered e.g.
n Exercise the professional judgement expected of a senior DISCUSS ESTIMATE EVALUATE
September 2018 Question 1(c)(iii):
financial person
n Evaluate the preferred hedge choice and Read this article for more about exam verbs
n Make recommendations or financial management decisions that are n [Evaluate] the debt finance needed and
likely to affect the entire business organisation
n [Evaluate] whether the project should
Like a senior financial person at work, you will be expected to read a be undertaken
Writing a good answer
business brief and decide on a relevant methodical approach to meeting n Considering both financial and non-financial
the brief’s objectives, making notes where necessary. Senior managers factors (in the above evaluations) – how to demonstrate
work under tight deadlines, and hence prioritising and managing your professionalism:
✓ Understand what matters to businesses and the
time is crucial to performing well under examination conditions. viewpoints of stakeholders who are interested Question 1 will include 4 professional
in the subsequent decisions based on the marks, typically for a report:
discussion and evaluation asked for
n Use an appropriate format
✓ Use the information provided in the n Plan a logical structure
AFM – A Senior Advisory Role question scenario n Use suitable headings and subheadings
This strategic option exam is designed for candidates who work in or n Write clearly and concisely
have ambitions to specialise in financial management. It builds on the ✓ Communicate findings and recommendations
assumed knowledge and demands advanced skills and techniques. clearly and concisely with easy to follow
numerical workings supported, where
appropriate, by brief notes
Role of the
✓ Appreciate that professional skills underpin
Links to support
senior financial adviser
in the multinational organisation good performance throughout the exam resources
Advanced investment Acquisitions Reconstruction and Treasury and advanced
n Stepping up from FM to AFM
appraisal and mergers re-organisation risk management Advice from the n Examining team guidance
examining team n Examiner’s reports
Advanced Financial Management (AFM)
n Passing Strategic Professional exams
Investment Business Business Risk n Supplement your studies with wider reading n How to earn professional marks
appraisal finance valuations management n Be aware that more than one topic area of the n Ethics and Professional Skills module
syllabus may be examined in a question n Past exam questions and answers
Financial Management (FM)
n Relate any discussion or evaluation to the scenario n Tutor video review of the March 2020 exam
in the question – context is very important n Guide to discursive requirements
n Use your exam time effectively – good time n Read the mind of the marker
management skills are essential n Strategic Professional CBE support
n Structure your answers – presentation is critical n FAQs
Advanced Performance Management (APM) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

A Strategic planning A1g – this learning outcome has been removed.

and control A1g: Assess the changing role of the management accountant in today’s business environment
as outlined by Burns and Scapens.[3]
A2 – this section has been removed and the PEST model moved to A1e. The rest of the
subject areas under syllabus section A have been renumbered accordingly.
A2: Impact of external factors on performance management What does this mean for me?
A5 – the overall section heading has changed to Environmental, social and governance factors
A5b – the example of sustainability has been added to this learning outcome. For the September 2021-June 2022 exam
A5c – input-output analysis has been added to this learning outcome. year, there have been minimal changes to
the syllabus for APM, though wording of
D Strategic D6c – this learning outcome has been expanded on. some learning outcomes has been revised or
performance D6c: Discuss and evaluate different methods of reward practices, including the potential
measurement beneficial and adverse consequences of linking reward to performance measurement.[3] expanded – the detail of these changes can
D6d – this learning outcome has been removed.
be found in the table opposite.
D6d: Assess the potential beneficial and adverse consequences of linking reward schemes to
performance measurement, for example, how it can affect the risk appetite of employees.[3]
D7b – this learning outcome has been expanded on to give the statement context.
D7b: Assess the statement; ‘What gets measured, gets done’ in the context of performance
management.[3]
D7c – specific reference to Hopwood’s management styles has been added.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved
Content materials have been assessed by ACCA’s examining team to ensure they are of
the very highest quality. To find out more, please click on the logo links below:
n We recommend you make use of all technical articles available for APM, but
we would draw your attention to the following articles in particular:
Changes to APM question requirements Read the mind of the marker
n The key to exam success is question practice. If you’re preparing for an APM
CBE, visit this page for guidance on how to approach question practice,
including using the new ACCA Practice Platform
n We strongly recommend you complete the Ethics and Professional Skills
module before attempting APM

For an overview of the APM exam and guidance on how to tackle it, access the APM ‘Essentials on one page’ resource here
How to approach the Advanced Advice from the Tackling
Performance Management (APM) exam examining team the exam
The APM syllabus has five capabilities which can be summarised as follows: n Remember that APM builds on PM Most frequently used APM exam verbs:
n Use strategic planning and control models knowledge by applying it in more
complex scenarios
n Assess the impact of risk and uncertainty
n Identify and evaluate design features of performance management systems n Create information from the detailed
n Apply appropriate strategic performance measurement techniques data provided in the scenario
n Advise clients on strategic business performance evaluation ASSESS EVALUATE ADVISE
n Add value to the organisation with
comments relevant to the issues at hand Read this article for more about exam verbs
Most of these will feature to some extent in every exam session.

Tips for success Writing a good answer

– how to earn
APM – A Strategic View in the APM exam professional marks:
The exam requires you to build on a good grasp of basic knowledge
Question 1 will include 4 professional
and skills and show awareness that performance management depends ✓ The key to exam success is question
on an organisation’s specific situation and environment.
marks, typically for a report:
practice. If you’re preparing for an APM
n Use an appropriate format
CBE, visit this page for guidance on how
n Plan a logical structure
to approach question practice, including Use suitable headings and subheadings
Fulfil advisory role – add value n
using the new ACCA Practice Platform n Write clearly and concisely
Create information from detailed data ✓ Understand the links between issues
at the strategic, tactical and operational
NEW KNOWLEDGE NEW SKILLS
levels Links to support
SWOT Porter BCG
✓ Understand in particular how the choice resources
Assess/Evaluate of operational performance measures
PEST McKinsey’s 7Ss
Recommend affects strategic performance
n Examining team guidance
BPR “the cloud”
✓ Be able to apply PM knowledge to n Examiner’s reports
Bu

Respond
more complex scenarios
ild

ills

Lean systems n Reading the requirements for APM

Justify
sk
on

n Technical articles
EVA Kaizen ✓ Use any exhibit, information, model
TM
on
kn

Six Sigma
Advise
or technique explicitly referred to in n Improving your APM answers (part 1)
ow

ild

a requirement n Improving your APM answers (part 2)

Bu
l

n Passing Strategic Professional exams

ed

Performance
✓ Interpret and further analyse data
ge

Management n How to earn professional marks

provided
Management ✓ Be selective in making calculations
Accounting
✓ Assess alternative approaches from
different perspectives
✓ Justify advice using the evidence
given in the scenario
✓ Quantify comments, where possible
✓ Discuss commercial implications
n Ethics and Professional Skills module
n Past exam questions and answers
n Big data and performance management
n Developments in IT and the impact on
performance management – Part 1
n Developments in IT and the impact on
performance management – Part 2
n Read the mind of the marker
n Strategic Professional CBE support
n FAQs
How to approach the Advanced Preparation
advice from the Tackling the exam
Taxation (ATX-UK) exam
examining team
You will need a detailed knowledge of the ATX-UK syllabus.
Most frequently used ATX exam verbs:
This includes assumed knowledge of technical areas brought n ‘Know your stuff’ – you must
forward from the TX-UK syllabus, which must be refreshed and • Have thorough, precise knowledge
updated for the examinable Finance Act. of the entire syllabus
Be aware that: • Refresh brought forward knowledge
n All questions will be scenario-based from the TX-UK syllabus
PREPARE CALCULATE EXPLAIN
n All questions will contain a mixture of computational and n Practice questions under exam conditions
discursive elements in the ACCA Practice Platform Read this article for more about exam verbs

n More than one topic area of the syllabus may be examined
in each question
n Questions may involve
• Consideration of more than one tax
• Some elements of planning
• The interaction of taxes
ATX – ‘Think more – write less’
Heed this mantra from the examining team to improve
your performance.
Requirements are everything –
What have you been asked to do?
What do you not need to do?
How will you do what the requirement is
asking? Planning your answers is crucial.
Have you identified the relevant issues?
Have you thought about the point you
want to make, before you start writing?
This will help you to write concisely.
Make sure you know why you’re doing a
particular calculation before you prepare it.
Will it help you to answer the requirement?
n Learn how to spot “triggers” which are there
to point you towards the required answer
n Be prepared to answer questions on
ethical issues
n Be ruthless in critiquing your answers
Tips for success
in the ATX exam
✓ Identify all the requirements in the Section A
case study questions in:
n The requirements section
n The document referenced in the scenario
(eg e-mail from your manager)
✓ Allow sufficient time to analyse requirements
into all constituent parts to ensure every part
is answered
✓ If given certain figures to use, do not waste
time recalculating them
✓ Relate any calculation or discussion to the
context in the given scenario
✓ Do not waste time addressing issues which
have not been asked for
✓ Appreciate that professional skills are
required throughout all answers to achieve
high marks
✓ Ensure you are familiar with the CBE
environment (refer to Links to support
resources in this document)
These are not mutually exclusive, for example:
“Prepare the following notes and calculations…”
“Calculate … with supporting explanations …” and
“Explain … with supporting calculations …”
Writing a good answer
– how to demonstrate
professionalism:
Question 1 will include 4 professional marks,
typically for a memo or notes to your tax
manager. Marks may be awarded for:
Overall presentation of the requested format
n 
The approach taken to problem solving
n 
Clarity of explanations and calculations
n 
Relevant advice
n 
Effectiveness of communication
n 
Links to support
resources
n Technical articles including relevant Finance Act
n Examining team guidance
n Passing Strategic Professional exams
n How to earn professional marks
n Ethics and Professional Skills module
n Past exam questions and answers
n ACCA Practice Platform
n CBE preparation videos
Advanced Audit and Assurance (AAA-INT) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT
What does this mean for me?
D1d) Interpret the results of analytical procedures, New learning outcome to specifically
in an unbiased manner and apply professional reflect the requirements of ISA 315 For the September 2021-June 2022 exam year, there have been some additions to the syllabus.
scepticism to support the identification of (Revised 2019) in relation to the use
contradictory information and assessment of of analytical procedures in risk Learning outcome D1 in relation to the evaluation of risk requires you to evaluate and prioritise
risks of material misstatement.[3] assessment. risks. This reflects the requirements of ISA 315 (revised) around the determination of significant
risks in relation to a spectrum of inherent risk. Questions may ask for the significant business risk/
D2c) Evaluate and interpret the results of data New learning outcome regarding the ROMM and audit risks to ensure that you are focussing and prioritising risks which are at the upper
analytics tools when used during planning or use of automated tools and techniques end of the spectrum.
evidence collection.[2] by the auditor, specifically the use of
and output from data analytics. The learning outcomes in relation to automated tools and techniques, particularly data analytics
have been extended this year. The introduction of learning outcome D2 requires the ability to
G2c) Discuss the proposed changes to the audit New learning outcome regarding evaluate and interpret the results generated from these techniques both at the planning and
profession and critically evaluate the the impact of ongoing audit reform evidence collection stage of the audit. You may be presented with results of these techniques in
implications of these changes for companies proposals. a variety of formats and asked to consider the results specifically or to utilise the results as part of
and audit firms and their impact on audit planning work.
process and quality.[3]
Additional learning outcomes have been added to the current issues section of the syllabus in
G2e) Discuss the impact of significant global New learning outcome regarding relation to audit reform and the impact of global events on audit practice. You will be expected to
events on audit practice.[3] the impact of global events on the have a high-level awareness of the issues and proposals surrounding audit reform and how major
audit profession. world events have an impact on the profession.
In addition to these changes, other learning outcomes have been extended or revised to reflect the
requirements of ISA 315, in addition to other minor wording changes made for clarity. If you would like
more detail on these please refer to the table at the end of the 2021-22 syllabus document.
Recommended resources
n We recommend you make use of all technical articles available for AAA, but we
ACCA Approved Content would draw your attention to the following articles in particular:
It’s vital to use up to date study materials when preparing for your exam. Exam technique – Ethics Read the mind of the marker
ACCA’s Approved Content materials have been assessed by ACCA’s examining Exam technique – Risk AAA INT 21-22 examinable documents
Exam technique – Accounting issues
team to ensure they are of the very highest quality. To find out more, please click
Exam technique – Audit procedures
on the logo links below:
Exam technique – Auditor reporting
n The key to exam success is question practice. If you’re preparing for an AAA CBE,
visit this page for guidance on how to approach question practice, including using
the new ACCA Practice Platform
n We strongly recommend you complete the Ethics and Professional Skills module
before attempting AAA

For an overview of the AAA-INT exam and guidance on how to tackle it, access the AAA-INT ‘Essentials on one page’ resource here
How to approach the Advanced How to Tackling
Audit and Assurance (AAA-INT) exam prepare the exam

AAA has a wide ranging syllabus, which includes the audit of historical
financial information (‘audit’) and other specific assignments. It builds Advice from an Most frequently used AAA exam verbs:
on the Audit and Assurance and Strategic Business Reporting (SBR)
expert tutor
exams, by introducing more complex topics and covering the basic topics
from different angles to reflect the challenges auditors will face in their n Make use of ACCA resources
professional life. Current issues, exposure drafts and developments in audit n Cover the entire syllabus
including emerging technologies also feature. Questions are set in the
context of single entities, groups and private or public sector organisations. n Learn how to apply and EVALUATE EXPLAIN DISCUSS
use knowledge Read this article for more about exam verbs
To prepare for AAA effectively you need to understand the nature of the
n Practice planning questions,
exam and what you will be asked to do.
writing full answers and review
them thoroughly. If you’re Question approach:
preparing for an AAA CBE,
✓ Analyse the wording of the requirements
AAA – The aim of the syllabus is to analyse, evaluate
and conclude on the assurance engagement and
visit this page for guidance carefully
on how to approach question
In Essence other audit and assurance issues in the context
of best practice and current developments. practice, including using the ✓ Use the mark allocation to guide the length
new ACCA Practice Platform and breadth of the answer you should plan
Audit and Assumed knowledge n Wider reading, for example ✓ Read the first paragraph to understand the
Assurance – of financial reporting
Underpinning news of current issues and assignment
knowledge developments in auditing
and skills ✓ Invest time in active reading of the scenario
✓ Identify relevant technical knowledge
Engagement n Accounting as well as auditing
Links to support ✓ Apply this to the scenario
Audit of Planning
resources n Organise your planned points
historical Financial n Check you have used all information and
financial Accounting
n Examining team guidance exhibits before writing out your answer
statements
Performance n Technical articles
n Passing Strategic Professional exams
Completion n How to earn professional marks Writing a good answer
& Reporting
n Ethics and Professional Skills module – how to demonstrate
NEW n Tutor video review of March 2020 exam professionalism:
detailed
knowledge n Past exam questions and answers
n Pay attention to layout and presentation
Topical issues n Examiner’s reports
affecting the n Write clearly and concisely
profession n Strategic Professional CBE support
n Relevant content – must ‘add value’ –
n FAQs not simply restate facts or knowledge.
n Read the mind of the marker
 How to approach Corporate and Business Law (LW-ENG)

What is LW about? Steps to Tackling

Corporate and Business Law develops a core level of success the exam
knowledge and skills around a general legal framework in
the context of business. ✓ If possible, study with an Approved Section A (70 marks)
Learning Partner and use Approved 25 objective test (OT) questions,
n 
Learning Content each worth 2 marks
✓ Study the whole syllabus 20 objective test (OT) questions,
n 
LW: An overview ✓ Practice exam standard questions, each worth 1 mark
LW recognises that candidates are potential accountants, rather than potential lawyers. The aim to time, including the Specimen
is to develop knowledge and skills in the understanding of the general legal framework, specific Exam and Practice Tests
Tips for answering
business areas and when to seek specialist legal advice where necessary.
✓ Ensure you are competent OT questions
working in the Computer Based ✓ Read the question carefully
Exam environment
Essential elements of the UK legal system ✓ Think before answering, don’t rush!
including the court system and sources of law ✓ Attempt at least two full exams ✓ If not sure, eliminate other answers
under exam conditions, debrief to help find the correct answer
your answers, then focus your study ✓ Answer all questions even if unsure
on weaker areas of the answer
✓ Book your CBE exam in advance at
The Law of Law relating to Formation and constitutions of business one of the on-demand CBE centres
obligations Employment organisations (Agency, partnerships,
Section B (30 marks)
(contract (contract corporations and formation of companies) Five six-mark multi-task questions,
n 
and Tort) dismissal and each containing a scenario and a series
redundancy)
of related tasks
Key
resources Tips for answering
multi-task questions
Capital Management, Legal
and the administration implications Links to key resources: ✓ Read and ensure you
financing of and regulation relating to
n Examining team guidance understand the scenario
companies of companies Insolvency Law
✓ Read the questions carefully
n Specimen exam
✓ Think before answering, don’t rush!
n Practice tests
✓ Answer all questions even if unsure
n Technical articles of the answer
n Preparing for on-demand CBEs ✓ Attempt exam standard questions
as possible along with the practice
Develop an understanding of Corporate fraudulent and criminal behaviour n How to book an on-demand exam
(money laundering, bribery, market abuse, management fraud) tests and specimen exam
n On demand centre list
Performance Management (PM) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

A3 Information systems and A3d is a new learning outcome.
data analytics A3d: Explain the purpose of the big data pyramid
(data, information, knowledge, wisdom). [2]
Subsequent learning outcomes have been
reordered accordingly.
D2 Quantitative techniques D2b is a new learning outcome focused on
analytical techniques.
D2b: Explain and apply analysis techniques
including correlation, regression and time series.[2]
Subsequent learning outcomes have been
reordered accordingly.
In addition to these changes, there are a variety of minor wording and other changes which
have been made for clarity. If you would like more detail on these please refer to the table at
the end of the 2021-22 syllabus document.
What does this mean for me?
For the September 2021-June 2022 exam year, a new learning outcome has been
added on Big Data, A3d. You should have a knowledge of and be able to explain
the purpose of the Big Data pyramid (including data, information, knowledge,
and wisdom).
In addition to this, a new learning outcome has been added on Quantitative
techniques, D2b. You will be expected to be able to explain and apply analysis
techniques including correlation (calculation of the correlation coefficient and the
coefficient of determination), regression (calculation of a and b and establishing
the trend line y = a + bx), and time series (moving averages, trend line, additive
and multiplicative seasonal adjustments). This will build on knowledge from MA.
It is therefore expected you will be able to demonstrate a greater understanding
of these techniques and be able to apply them to a scenario.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam.
ACCA’s Approved Content materials have been assessed by ACCA’s examining
team to ensure they are of the very highest quality. To find out more, please click
on the logo links below:
n We recommend you make use of all technical articles available for PM, but we
would draw your attention to the following articles in particular:
Big data 1: What is big data?
Big data 2: How companies use big data
Read the mind of the marker
n The key to exam success is question practice. Visit this page for guidance on
how to approach question practice for PM, including using the new ACCA
Practice Platform

For an overview of the PM exam and guidance on how to tackle it, access the PM ‘Essentials on one page’ resource here
 How to approach Performance Management (PM)
What is PM about? Steps to
Performance Management provides you with the skills required success
to apply management accounting techniques to information for
planning, decision-making, performance evaluation and control. ✓ If possible, study with an
Approved Learning Partner
and use Approved Content
✓ Study the whole syllabus
PM: An overview ✓ Ensure you understand methods
rather than just focus on how to
do the calculations
✓ Practice exam style and standard
questions, to time, using the
ACCA Practice Platform
Cost and
management ✓ Develop your skills in answering
constructed response questions
accounting
✓ Attempt at least two full exams
techniques
under exam conditions, debrief
INFORMATION, PERFORMANCE your answers, then focus your
revision on weaker areas
TECHNOLOGIES MEASUREMENT
AND SYSTEMS AND CONTROL
Decision-
making
techniques
Key
resources
n Examiner approach
n Objective test questions for
session CBEs
Budgeting
n Guide to session CBEs
techniques,
n Approaching PM constructed
planning and response questions
control
n Read the mind of a PM marker
n Examining team guidance
n ACCA Practice Platform
n Information systems
n Big data
Tackling
the exam
Section A (30 marks)
15 objective test (OT) questions,
n 
each worth 2 marks
Section B (30 marks)
Three OT cases with five OT questions
n 
worth 2 marks each, 10 marks per case
Tips for answering
OT questions
✓ Read the question and
scenario carefully
✓ Adhere to the rounding instructions
for “Fill in the Blank” questions
✓ Answer all questions
Section C (40 marks)
Two scenarios which relate to one
n 
or more requirement(s)
Tips for answering
Section C questions
✓ Be strict in allocating 36 minutes to
each question
✓ Always read the requirement(s) first

✓  Approach numerical questions
logically
✓ Show all workings – do not simply

“plug” results of calculations
✓  Structure narrative answers around
an answer plan
✓  Use headings, clear paragraphs and
concise sentences
✓  Attempt all requirements
 How to approach Taxation (TX-UK) FA2020

What is TX about? Steps to Tackling

Taxation provides you with the skills required to compute success the exam
tax liabilities and apply basic tax planning techniques for
individuals and companies. ✓ If possible, study with an Section A (30 marks)
Approved Learning Partner 15 objective test (OT) questions,
n 
and use Approved Content each worth 2 marks

TX: An overview ✓ Study the whole syllabus Section B (30 marks)

Three OT cases with five OT questions
n 
✓ Practice exam style and standard
worth 2 marks each, 10 marks per case
questions, to time, using the
The UK tax system, the obligations of tax payers ACCA Practice Platform
and the implications of non-compliance Tips for answering
✓ Develop your skills in answering
constructed response questions OT questions
✓ Read the question and
✓ Practice using CBE functionality scenario carefully
appropriately
✓ Adhere to the rounding instructions

Individuals Companies
✓ Attempt at least two full exams for “Fill in the Blank” questions
under exam conditions, debrief ✓ Answer all questions

your answers, then focus your
revision on weaker areas
Income tax Corporation Section C (40 marks)
Value added tax
liabilities tax liabilities: Three scenarios which typically relate
n 
• individual to three requirements
companies
NIC on:
• groups of Key Tips for answering
• employees
• employers
companies resources Section C questions
✓ Allocate 27 minutes to each
• self-employed 15 mark question (18 minutes
n Finance Act 2020
to the 10-mark question)
n Examiner’s approach
✓  Always read the requirement(s) first
Chargeable n Objective test questions for ✓  Focus on a well-structured layout
gains arising session CBEs
✓  Present all workings – do not simply
n Guide to session CBEs “plug” results of calculations

n Higher skills ✓ Make clear statements for narrative


Inheritance tax answers and avoid repetition
liabilities n Examining team guidance ✓ Attempt all requirements

n ACCA Practice Platform
Financial Reporting (FR) – further information about changes to learning outcomes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

Throughout Replaced ‘accounting standards’ with
‘IFRS Standards’
B1 (b) Changed to ‘Identify subsequent
expenditure that may be capitalised,
distinguishing between asset and
expense items’
For clarification
Replaced ‘capital and revenue items’
with ‘asset and expense’ to reflect IFRS
Standards and remove any ambiguity
with the use of the word ‘capital’.
What does this mean for me?
For the September 2021-June 2022 exam year, there have
been no changes to the syllabus for FR, though wording of
some learning outcomes has been revised – the detail of
these changes can be found in the table opposite.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam. ACCA’s
Approved Content materials have been assessed by ACCA’s examining team to ensure
they are of the very highest quality. To find out more, please click on the logo links below:
n We recommend you make use of all technical articles
available for FR. In addition, we draw your attention to
the examinable documents 21/22.
n The key to exam success is question practice. Visit this
page for guidance on how to approach question practice
for FR, including using the ACCA Practice Platform.

For an overview of the FR exam and guidance on how to tackle it, access the FR ‘Essentials on one page’ resource here
 How to approach Financial Reporting (FR)

What is FR about? Steps to Tackling

Financial Reporting provides you with the skills required to success the exam
apply accounting standards and the conceptual framework ✓ If possible, study with an Section A (30 marks)
in the preparation of financial statements and how to analyse Approved Learning Partner 15 objective test (OT) questions,
n 
and interpret those financial statements. and use Approved Content each worth 2 marks
✓ Study the whole syllabus
✓ Ensure you understand theories
Section B (30 marks)
and techniques rather than just Three OT cases with five OT questions
n 
focus on how to do the calculations worth 2 marks each, 10 marks per case
FR: An overview
✓ Practice exam style and standard

questions, to time, using the
Tips for answering
ACCA Practice Platform
OT questions
✓ Develop your skills in answering
Accounting for constructed response questions ✓ Read the question carefully
transactions ✓ Attempt at least two full exams ✓ Adhere to the rounding instructions
in financial under exam conditions, debrief for “Fill in the Blank” questions
statements your answers, then focus your ✓ Answer all questions
revision on weaker areas
THE CONCEPTUAL
ANALYSIS AND
AND REGULATORY Section C (40 marks)
INTERPRETATION
FRAMEWORK Two scenarios which relate to one
n 
Key or more requirement(s)
Preparing
single entity resources
financial Tips for answering
n Examiner approach
statements Section C questions
n Objective test questions for session
CBEs ✓ Be strict in allocating 36 minutes to
n Guide to session CBEs each question
OF FINANCIAL
FOR FINANCIAL n How to approach performance ✓  Always read the requirement(s) first
STATEMENTS appraisal questions ✓ Present all workings – do not simply

REPORTING
Preparing “plug” results of calculations
n Read the mind of an FR marker
consolidated ✓  Structure narrative answers around
n Examining team guidance
financial an answer plan
n ACCA Practice Platform
statements ✓  Use headings, make clear
n Analysing a statement of cash flows
statements and avoid repetition
n Tell me a story
✓  Always include a conclusion on the
n Revenue revisited analysis discussion
n Financial instruments ✓  Attempt all requirements
n Examinable documents 21/22
Audit and Assurance (AA) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

B4 Planning and risk assessment B4 and Understanding the entity, its environment and the applicable financial reporting framework What does this
B4a) Wording revised to reflect ISA 315 a) Explain how auditors obtain an initial understanding of the entity, its environment and the applicable financial mean for me?
(Revised 2019) reporting framework.[2]

C1 Internal control C1a) and C1b)
Updated to reflect ISA 315
(Revised 2019)
C2 Internal control C2 and C2a)
Wording revised to reflect ISA 315
(Revised 2019)
C3 Internal control C3a) and C3b)
Updated to reflect revised terminology
used by ISA 315 (Revised 2019)
Internal control C3bv) Revised for
clarification to include bank
C4 Internal control C4b) Minor rewording
to reflect ISA 315 (Revised 2019)
Internal control systems For the September 2021-June
a) Explain why an auditor needs to obtain an understanding of the components of internal control relevant to the 2022 exam year, there are
preparation of the financial statements.[1] no significant changes to the
b) Describe and explain the five components of a system of internal control[2] syllabus. Please note that several
i) control environment iv) the information system and communication
ii) the entity’s risk assessment process v) control activities
learning outcomes have been
iii) the entity’s process to monitor the system of internal control updated to reflect ISA 315
(revised 2019). These are detailed
The use and evaluation of systems of internal control by auditors
a) Explain how auditors record systems of internal control including the use of narrative notes, flowcharts and in the table to the left. Due to the
questionnaires.[2] change in terminology in ISA 315,
questions relating to key controls
Tests of controls
will refer to direct controls.
a) Describe computer systems controls including general IT controls and information processing controls.[2]
b) Describe control objectives, control procedures, control activities, direct controls, indirect controls and tests In addition, the wording of
of controls in relation to:[2] learning outcomes on assertions
i) The sales system iii) The payroll system v) The bank and cash system
ii) The purchases system iv) The inventory system vi) Non-current assets
and audit evidence, D1 and the
independent auditor’s report, E5c
b) Explain, in a format suitable for inclusion in a report to management, significant deficiencies within a system and E5d have been updated.
of internal control and provide control recommendations for overcoming these deficiencies to management.[2]

Multiple learning outcomes have been updated/ revised to reflect the requirements of ISA 315, in addition to other minor wording changes made for clarity.
If you would like more detail on these please refer to the table at the end of the 2021-22 syllabus document.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved
n We recommend you make use of all technical articles available for AA, but we
Content materials have been assessed by ACCA’s examining team to ensure they are of
would draw your attention to the following articles in particular:
the very highest quality. To find out more, please click on the logo links below:
Going concern The auditor’s report
The audit of assertions Examinable documents 21/22
Read the mind of the marker ACCA Code of Ethics (p259 onwards in Rulebook)
n The key to exam success is question practice. Visit this page for guidance on how to
approach question practice for AA, including using the new ACCA Practice Platform

For an overview of the AA exam and guidance on how to tackle it, access the AA ‘Essentials on one page’ resource here
 How to approach Audit and Assurance (AA)

What is AA about? Steps to Tackling

Audit and Assurance provides you with an understanding of success the exam
the knowledge and application skills required to carry out an
audit engagement. ✓ If possible, study with an Approved Section A (30 marks)
Learning Partner and use Approved
Content Three OT cases with five OT questions
n 
worth 2 marks each, 10 marks per case
✓ Study the whole syllabus and ensure your
AA: An overview knowledge of ISAs and relevant financial
accounting is at an appropriate level
Tips for answering
Accept audit engagement ✓ Practice exam style and standard
questions, to time, using the ACCA
OT questions
Practice Platform ✓ Read each question carefully
Understand the entity and its environment ✓ Develop your ability to construct ✓ Think before answering
effective written response answers
✓ 
If unsure, eliminate incorrect answers
✓ Carefully review how correct answers to
OT questions were derived ✓ Answer all questions
Assess the risk of material misstatement
✓ Develop your skills in providing effective
narrative answers
✓ Attempt at least two full exams under Section B (70 marks)
Effective exam conditions, debrief your answers,
YES controls NO Three scenarios with two or more
n 
then focus your revision on weaker areas
expected? requirements

Tips for answering

Tests of controls Unsatisfactory
Communicate
deficiencies
Key Section B questions
resources ✓ Read each requirement carefully
Satisfactory to understand what is asked for
n Examiner approach
✓ 
Draw on the scenario to plan the
n Objective test questions for session CBEs points you need to make
Reduced substantive Full substantive n Guide to session CBEs
procedures procedures ✓ Use concise headings
n Answering audit risk questions
✓ Make clear and concise points
n Read the mind of the AA marker
specific to the given scenario
n Examining team guidance
Report to n ACCA Practice Platform ✓ Describe “how” procedures should
Final review be performed
management n Going concern
n The auditor’s report ✓ Do not give rote-learnt answer points
n The audit of assertions ✓ Attempt all requirements
Auditor’s report
n Examinable documents 21/22
 How to approach Financial Management (FM)

What is FM about? Steps to Tackling

Financial Management provides you with the skills required success
to effectively manage the finance function of an organisation.
✓ If possible, study with an
Approved Learning Partner
and with Approved Content
✓ Study the whole syllabus
FM: An overview ✓ Practice exam style and standard
questions, to time, using the
ACCA Practice Platform
CORPORATE OBJECTIVES AND STAKEHOLDER OBJECTIVES
✓ Develop your ability to construct
effective written response answers
the exam
Section A (30 marks)
15 objective test (OT) questions,
n 
each worth 2 marks
Section B (30 marks)
Three OT cases, each containing
n 
a scenario with five OT questions worth
2 marks each, 10 marks per case

Financial
Approaches ✓ Ensure you are competent
to risk working in the Computer Based
objectives Tips for answering
management Exam environment
OT questions
✓ Attempt at least two full exams
✓ Read the question carefully
R under exam conditions, debrief
K Working Foreign I your answers, then focus your ✓ Think before answering, don’t rush!
E capital exchange S study on weaker areas ✓ 
Answer all questions even if unsure
management risk of the answer
Y K

D M
E
Business
Effective Foreign A Key Section C (40 marks)
C finance exchange N
I
finance
manager hedging A resources Two scenarios which relate to one
n 
or more requirement(s)
S G
I E n Examiner approach
O M n Objective test questions for
Interest Tips for answering
Investment session CBEs
N rate E
appraisal Section C questions
S hedging N n Guide to session CBEs
T n How to approach discursive ✓ 
Plan your answer
questions in FM ✓ 
Answer the requirement directly
n Examining team guidance ✓ Refer to the scenario
Business Interest
valuations rate risk n ACCA Practice Platform ✓ Break your answer up with headings
n Working capital management ✓ Be clear and concise, but ensure you
n Dividend theory develop each point in your answer
n Inflation and investment appraisal ✓ Attempt all parts of all questions
THE ECONOMIC ENVIRONMENT FOR BUSINESS
n Read the mind of the FM marker
 How to approach Business and Technology (BT)

What is BT about? Steps to

Tackling the exam
Business and Technology (BT) is concerned with ensuring
that businesses operate efficiently, effectively and ethically.
success
✓ If possible, study with an Approved Section A (76 marks)
Learning Partner and use Approved 46 objective test (OT) questions, each worth
n 
Learning Content 1 or 2 marks
BT: An overview ✓ Study the whole syllabus There will be 16 one-mark and 30 two-mark
n 
Business and Technology is a gateway paper which covers many topics but on a questions.
✓ Practice exam standard questions,
relatively shallow level. It is important not to drill down too deeply in any given
to time, including the Specimen
topic, so you can spread your time on individual topics evenly.
Exam and Practice Tests Tips for answering
OT questions
✓ Ensure you are competent working
The purpose and type of business organisation,
in the Computer Based Exam ✓ Read the question carefully
who are the stakeholders and how does the business
interact with the external environment environment ✓ Think before answering, don’t rush!
✓ If not sure, eliminate other answers to
✓ Attempt at least two full exams
help find the correct answer
under exam conditions, debrief
your answers, then focus your study ✓ Answer all questions even if unsure of
the answer
Understand the business on weaker areas
organisational structure, the functions
and the role of corporate governance
✓ Book your CBE exam in advance at
one of the on-demand CBE centres Section B (24 marks)
There will be six multi-task questions (MTQ) in
n 
part B of the paper, each worth four marks. There
Leading
and are six syllabus areas and there will be one MTQ
Recognise the functions of accounting on each of them. Each MTQ will be specific to a
and reporting systems and technology.
managing
individuals Key syllabus area, with no crossover between the six
Understand compliance, controls and security
and teams
resources generic parts of the syllabus.

Links to key resources:

Tips for answering
Understand personal effectiveness n Examining team guidance multi-task questions
and communication within the teams n Specimen exam ✓ Read and ensure you
and across the organisation
understand the scenario
n Practice tests
✓ Read the questions carefully
n Technical articles
✓ Think before answering, don’t rush!
n Preparing for on-demand CBEs
What are the expected values and professional ✓ Answer all questions even if unsure of
n How to book an on-demand exam the answer
ethics in accounting and business?
n On demand centre list
Management Accounting (MA) – guidance on syllabus changes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT
What does this mean for me?
A2 Sources of data A2a – new learning outcome.
A2a: Describe the three main data sources: machine/sensor, transactional and human/social.[K]
For the September 2021-August 2022 exam year, a
Previous learning outcomes A2a – A2c renumbered as A2b – A2d new learning outcome has been added on sources of
data, A2a. You may be required to describe the three
B3 Summarising and B3a – new learning outcome. main data sources; machine/sensor, transactional and
analysing data B3a: Describe the five characteristics of big data (volume, variety, velocity, value and veracity).[K] human/social.
B3b – new learning outcome. In addition to this, new learning outcomes have been
B3b: Explain the three types of big data: structured, semi-structured and unstructured.[K] added in summarising and analysing data, B3. You
B3d – new learning outcome. may be required to describe the five characteristics of
B3d: Describe the two types of data: categorical (nominal and ordinal) and numerical big data (volume, variety, velocity, value and veracity).
(continuous and discrete).[S] You should also be able to explain the types of big
B3e – new learning outcome. data (structured, semi-structured and unstructured),
B3e: Explain the terms descriptive analysis and inferential analysis.[K] as well as explain the terms descriptive analysis
and inferential analysis. Lastly, you may be asked to
Previous learning outcomes B3b – B3e – renumbered as B3f – B3j
describe the two types of data; categorical (nominal
In addition to these changes, there are a variety of minor wording and other changes which have been made for clarity. If you would and ordinal) and numerical (continuous and discrete).
like more detail on these please refer to the table at the end of the 2021-22 syllabus document.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam. ACCA’s Approved Content n We recommend you make use of all technical
materials have been assessed by ACCA’s examining team to ensure they are of the very highest quality. articles available for MA.
To find out more, please click on the logo links below:
n The key to exam success is question practice.
Visit this page for guidance on how to approach
question practice for MA, including using the
specimen exams to prepare for your exam.

For an overview of the MA exam and guidance on how to tackle it, access the MA ‘Essentials on one page’ resource here
 How to approach Management Accounting (MA)
What is MA about? Steps to
Management Accounting introduces the elements of success
management accounting which are used to support
decision-making in an organisation. ✓ If possible, study with an Approved
Learning Partner and with
Approved Learning Content
✓ Study the whole syllabus
MA: An overview
✓ Practice exam standard questions,
Management accounting (MA) aims to develop knowledge and understanding of management to time, including the Specimen
accounting techniques to support management in planning, controlling and monitoring business Exam and Practice Tests
performance. This knowledge is then the platform to develop further in the skills and professional
✓ Ensure you are competent working
exams, PM, APM and SBL.
in the Computer Based Exam
environment
Explain the nature, source and purpose of management information
✓ Attempt at least two full exams
under exam conditions, debrief
your answers, then focus your study
on weaker areas
Data analysis and statistical techniques
✓ Book your CBE exam in advance at
one of the on demand CBE centres
Prepare budgets for
planning and control Key
resources
Explain Links to key resources:
and apply
cost n Examining team guidance
Actual costs v Standard costs
accounting n Specimen exam
techniques
n Practice tests
n Technical articles
n Preparing for on-demand CBEs
Performance measurements and n How to book an on demand exam
monitor business performance
n On demand centre list
Tackling
the exam
Section A (70 marks)
35 objective test (OT) questions,
n 
each worth 2 marks
Tips for answering
OT questions
✓ Read the question carefully
✓ Think before answering, don’t rush!
✓ Ensure you do your workings even
though you do not need to show them
✓ If not sure, eliminate other answers
to help find the correct answer
✓ Answer all questions even if unsure
of the answer
Section B (30 marks)
There will be 3 MTQ’s in this section
n 
each worth 10 marks. Each MTQ will
examine budgeting, standard costing and
performance management syllabus areas.
Tips for answering
multi-task questions
✓ Read and ensure you
understand the scenario
✓ Read the questions carefully
✓ Think before answering, don’t rush!
✓ Ensure you do your workings even
though you do not need to show them
✓ Answer all questions even if unsure
of the answer
Financial Accounting (FA) – further information about changes to learning outcomes

What’s changing?
SECTION AND SUBJECT AREA SYLLABUS CONTENT

D4 Tangible non-current assets Wording updated in c), d) to replace ‘capital
and expenses’ with ‘asset’ or ‘asset
expenditure’ and expenses’
F1 Statements of financial position Clarified ‘reserves’ by inserting ‘equity’ to b)
and c) to make terminology more consistent
with IFRS
What does this mean for me?
For the September 2021-August 2022 exam year, there
have been no changes to the syllabus for FA, though
wording of some learning outcomes has been revised – the
detail of these changes can be found in the table opposite.

ACCA Approved Content Recommended resources

It’s vital to use up to date study materials when preparing for your exam. ACCA’s
n We recommend to make use of all technical articles
Approved Content materials have been assessed by ACCA’s examining team to ensure
available for FA. In addition, we draw your attention to
they are of the very highest quality. To find out more, please click on the logo links below:
the examinable documents 21/22.
n The key to exam success is question practice. Visit this
page for guidance on how to approach question practice
for FA, including using the specimen exams to prepare
for your exam.

For an overview of the FA exam and guidance on how to tackle it, access the FA ‘Essentials on one page’ resource here
 How to approach Financial Accounting (FA)
What is FA about? Steps to
Financial Accounting introduces the fundamentals of preparing success
financial accounts, the regulatory framework around financial
statements and the qualitive characteristics of useful financial ✓ If possible, study with an Approved
information. It covers the recording of transactions through to Learning Partner and with
the preparation of the financial statements. Approved Learning Content
✓ Study the whole syllabus
✓ Practice exam standard questions,
to time, including the Specimen
Exam and Practice Tests
FA: An overview
✓ Ensure you are competent working
Financial Accounting (FA) aims to develop knowledge and understanding of the basic principles
in the Computer Based Exam
and concepts of financial accounting. It also provides the technical skills for using double-entry
environment
accounting techniques. This knowledge is the platform to then develop further in more complex
accounting issues covered in the skills and strategic papers, FR and SBR. ✓ Attempt at least two full exams
under exam conditions, debrief
your answers, then focus your study
The context The qualitive on weaker areas
Recording
and purpose characteristics
of Financial of financial
transactions ✓ Book your CBE exam in advance at
and events
Reporting information one of the on demand CBE centres
Key
Demonstrate the use of double-entry resources
and accounting systems
Links to key resources:
n Examining team guidance
n Specimen exam
n Practice tests
n Technical articles
Prepare a trial balance
n Preparing for on-demand CBEs
n How to book an on-demand exam
n On demand centre list
Tackling
the exam
Section A (70 marks)
35 objective test (OT) questions,
n 
each worth 2 marks
Tips for answering
OT questions
✓ Read the question carefully
✓ Think before answering, don’t rush!
✓ Ensure you do your workings even
though you do not need to show them
✓ If not sure, eliminate other answers
to help find the correct answer
✓ Answer all questions even if unsure
of the answer
Section B (30 marks)
There will be 2 multi-task questions (MTQ)
n 
in this section each worth 15 marks. Each
MTQ will be specific to a syllabus area.
Tips for answering
multi-task questions
✓ Read and ensure you
understand the scenario
✓ Read the questions carefully
✓ Think before answering, don’t rush!
✓ Ensure you do your workings even
though you do not need to show them
✓ Answer all questions even if unsure
of the answer