December 2008 examination diet - time table
(start from Hong Kong time: 15:00 hrs)
MONDAY 1 December F6 Taxation P6 Advanced Taxation TUESDAY 2 December F4 Corporate and Business Law P7 Advanced Audit and Assurance 2 Information for Management Control 7 Planning, Control & Performance Management TUESDAY 9 December F7 Financial Reporting P2 Corporate Reporting WEDNESDAY 3 December F3 Financial Accounting F8 Audit and Assurance THURSDAY 4 December F9 Financial Management P4 Advance Financial Management FRIDAY 5 December F2 Management Accounting P5 Advanced Performance Management
1 6
MONDAY 8 December F5 Performance Management P1 Professional Accountant 8 Implementing Audit Procedures
Exam Regulations: 1. You are required to comply in all respects with any instructions issued by the registrar, exam supervisor, and invigilators before and during an exam. 2. You may not attempt to deceive the registrar or the exam supervisor by giving false or misleading information. 3. You are not allowed to take to your desk, any books, notes or other materials except those authorised by the registrar. If you are found to have taken to your desk, or possessed while at that desk, unauthorised materials which are relevant to the syllabus being examined, it will be assumed that you intended to use them to gain an unfair advantage in the exam. In any subsequent disciplinary proceedings, it shall be you to prove that you did not intend to use the materials to gain an unfair advantage in the exam. 4. You may not assist, attempt to assist, obtain, or attempt to obtain assistance by improper means from any other person during your exams. 5. You are required to adhere at all times to the Instructions to Candidates, which you receive with your Examination Attendance Docket. 6. You are required to comply with the exam supervisor’s ruling. Supervisors are obliged to report any cases of irregularity or improper conduct to the registrar. The supervisor is empowered to discontinue your exam if you are suspected of misconduct and to exclude you from the exam hall. 7. You may not engage in any other unprofessional conduct designed to assist you in your exam attempt. 8. You are not permitted to remove either your script booklet or your question paper from the exam hall. All exam scripts remain the property of ACCA. 42 news update winter 2008
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Recording Financial Transactions Drafting Financial Statements
examination matters
3 Maintaining Financial Records
4 Accounting for Costs
5 Managing People and Systems
WEDNESDAY 10 December F1 Accountant in Business P3 Business Analysis
9 Preparing Taxation Computations
10 Managing Finances
These regulations are reproduced on your Examination Attendance Docket – you should take time to familiarise yourself with them. In order to be eligible to sit your exams you must sign your docket confirming your agreement to comply with these regulations. Important Examinations Rules 1. For candidates sitting the December 2008 examination diet, please be reminded to arrive on time for your examination(s). The supervisor will not allow you to enter the examination hall after the first hour of the examination. 2. Candidates are not permitted to leave the hall until the end of the session and are only permitted to take into the Examination Hall noiseless, cordless pocket, programmable or non-programmable calculators without graphic / word-display facilities in any language. 3. Mobile phones or pagers should be switched off in the Examination Hall and are not permitted to be taken to your desk under any circumstances. Mobile phones are not permitted on your desk even if they remain switched off. 4. Every effort is made to ensure that you sit your exams in the best conditions. However, if you have a complaint regarding the centre operation, you should make this known to the examination supervisor in the first instance. The supervisor will do everything within their power to resolve the matter to your satisfaction there and then. If the complaint is of a fundamental nature, ACCA will take whatever further remedial action it considers appropriate in the circumstances. 5. For security reasons, the exams are held concurrently in five different time zones. Students are therefore not permitted to leave the hall permanently until the end of the examination session. Any student in breach of this regulation will be reported.
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notes for hong kong
Comparison of International Financial Reporting Standards (IFRS) and HKG Financial Reporting and Auditing Standards Given the Six Month Rule for Adapted Papers, examination questions involving knowledge of the “Hong Kong Financial Reporting Standards" (HKFRS) which includes all HKFRS, Hong Kong Accounting Standards (HKAS), Statements of Standard Accounting Practice (SSAPs) and Statements of Auditing Standards (SASs), exposure drafts, etc, will not be set until at least 6 months after the last day of the month in which the document concerned is published. Thus, for December 2008 diet,
adapted papers
candidates are only required to update themselves with standards valid till 31 May 2008. Candidates can refer to “Additional Information” on the syllabus of each adapted papers. Please note that the six-month rule is based on the ISSUE date, not the EFFECTIVE date. Candidates are recommended to refer to the examinable documents of Papers F3, F7, F8, P2 & P7 in respect to December 2008 examination diet on ACCA website: http://www.accaglobal.com/students/ study_exams/qualifications/acca_choose/acca/ If you were eligible to take a Part 3 option paper at the June 2007 session you will be allowed to take new Options module papers with, or before, Essentials module papers for the ACCA Qualification – subject to timetable clashes. You will be required to attempt any outstanding papers at the Fundamental levels before, or with, papers at the Professional level. The normal progression rules will apply if you have a minimum of four papers still to complete at the Fundamental level. This arrangement has been put in place to ensure you are not disadvantaged by conversion to the new qualification.
special exam transition rule – ACCA qualification
Reading and planning time (RAPT) is an additional 15-minute time allowance given to all students taking three-hour exams from December 2007 onwards. Candidates will not be permitted to open their script/ answer booklet until the end of RAPT. The exam start times remain the same and exams will end 15 minutes later than usual (for three-hour papers). During RAPT, candidates can annotate their question paper, but are not permitted to open their script booklet or make notes on the cover. Visit this link for more information: http://www.accaglobal.com/students/publications/ student_accountant/archive/2007/78/2989812.
15-minute reading and planning time
winter 2008 news update 43
important dates 2008 & 2009
2009 Fees and Subscriptions Please be reminded that students on file are due to pay the annual subscription fee on 1 January 2009. If you do not receive the debit note of annual subscription fee, please contact ACCA Connect at students@accaglobal.com or ACCA Hong Kong at Important Dates 2008 & 2009 17 October 2008 20 October 2008 7 November 2008 10 November 2008 21 November 2008 1-10 December 2008 31 December 2008 1 January 2009 ACCA Qualification certificates were dispatched on this date. Technician certificates were dispatched on this date. December 2008 session Examination Attendance Dockets (EAD) were despatched on this date. The online facility for Examination Attendance Docket (EAD) is made available commencing this week. 2009 annual subscriptions will be despatched on this date. ACCA Examinations, good luck! Last day to submit PER annual return! Annual Subscription Please be reminded that students on file are due to pay the annual subscription fee for 2009 on this date in order to remain active on the register. For details of fees and subscriptions in 2009, please refer to November / December 2008 student accountant. Deadline to claim further exemption in respect to June 2009. The results for December 2008 Examinations will be emailed, posted and available online on this date. students@hk.accaglobal.com for assistance. Payment can be made either by credit card or a Sterling bank draft to the Glasgow office at 2 Central Quay, 89 Hydepark Street, Glasgow G3 8BW, United Kingdom or via ACCA’s e-business website at https://www.acca-business.org. Don’t forget to pay your fees on time to avoid removal from the register.
15 January 2009 16 February 2009
44 news update winter 2008
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general issues
request new pass code
A 4-digit pass code has been sent to every student with the Registration Pack. If you have forgotten your pass code, you can request a new one at www.accaglobal.com/RequestPasscode/. If you can confirm the registration number, e-mail address and date of birth recorded in our registry, ACCA Glasgow office can email your pass code to you. Alternatively, it will be sent to your registered mailing address in about 10 working days.