June 2016
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comment PQ
CONTENTS
News
08ACCA optional papers PQs
terrified of final optional exams
10CIMA exams Latest pass rates
are consistent and fair
12CIMA pricing changes
Institute to introduce tiered
pricing based on world regions
13ACCA P7 exam Students must
work harder, says the examiner
Features, etc
06Mind your Ps&Qs ACCA P5
my five attempts; why CBE exams
are unfair to distance learners;
and misgivings over CIMA tie-up
14Ethics Learning the lessons of
the Panama Papers
17ACCA tips Weve two pages of
the hottest tips especially for you
June 2016
26CIMA P1 We focus on Section
32,233
Tablet friendly
layout
Easier
navigation
Faster
load times
www.cimastudy.com
ACCA
JUNE EXAM
PREPARATION
EASIER
REVISION COURSES
For last-minute
preparation we are
offering a 1 day
Question Based
mock exam to help
you hone skills before
your exams. Available
on weekdays from 25
May 4 June.
BOOK ONLINE AT
email graham@pqaccountant.com
Try, try and try again
I have finally passed my ACCA P5
exam with a mark of 70 after failing
five times (marks in 40s) and am
now an Affiliate.
Theres been many times
throughout my ACCA journey that I
have wanted to give up I felt
incapable of passing P5 due to not
understanding the requirements in
the questions. I feel that the March
exam had a combination of Alex
Watts confusing style and a more
understandable style.
I decided to study differently for
this last exam. For previous sittings
The writer of the star letter each month wins a fantastic PQ memory stick!
Online prejudice
NEW
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ONLINE
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Website: www.pqmagazine.co.uk | Editor/publisher: Graham Hambly graham@pqaccountant.com | Advertising manager: Polly Thrasivoulou polly@pqaccountant.com
Associate editor: Adam Riches | Art editor: Tim Parker | Subscriptions: dom@pqaccountant.com | Contributors: Robert Bruce, Prem Sikka, Carl Lygo,
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Management
Level - 3rd in World In Centre Classroom
at BPP London
Management
Level 1st in World In Centre Classroom
at BPP Liverpool
Strategic
Level 3rd in World In Centre Classroom
at BPP Milton Keynes
PQ news
ROBERT
BRUCE
Why it
pays to
explain
Sep 15
39%
47%
44%
42%
35%
48%
44%
45%
36%
30%
45%
29%
In brief
Take more care!
ACCA F9 candidates must
take greater care when presenting
answers to numerical questions in
section B, says the examiner. It is
also good exam technique to show
all workings, but these need to be
labelled. Remember, by showing
your workings you can gain marks
because you applied the right
method even when numerical
errors have been made. For our
take on what the optional paper
examiners said about the March
sitting turn to page 17.
8
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PQ news
PREM
SIKKA
Weakening
the taxman
is a false
economy
The leak of the papers of Panama law
firm Mossack Fonseca provides
insights into organised tax avoidance.
The Panama Papers consist of 11.5
million documents relating to 300,000
companies. Behind a wall of secrecy
provided by anonymous shell
companies and trusts, and with the aid
of accountants and lawyers, wealthy
elites were busy constructing complex
transactions to avoid taxes.
The chances of mounting effective
action by HMRC are low. Investigating
tax avoidance/evasion is a labour and
resource intensive task. HMRC has
been deprived of these. Staff levels
have fallen from 100,000 in 2004 to
56,000 now, with more cuts planned.
The result is all too predictable.
Despite considerable coverage, no
test cases have been brought against
Google, Amazon, Starbucks or other
multinationals. In 2010, a whistleblower gave HMRC documents
showing 3,600 wealthy individuals
and arms dealers may be dodging
taxes through HSBCs Swiss
operations. Just one prosecution
followed. Since 2010, there have been
only 11 prosecutions in relation to
offshore tax evasion. HMRC told the
Public Accounts Committee that it has
the capacity to investigate only 35
wealthy individuals for each year.
A poorly resourced HMRC cant
investigate tax avoidance/evasion or
prosecute and thus cant send out a
strong deterrent message. The loss of
revenues means prolonged austerity
and higher bills for those unable to
hire the so-called experts.
n Prem Sikka is professor
of accountancy at the
University of Essex
PQ news
CARL
LYGO
Salary data
shows some
things never
change
The rich get richer and equal pay for
women is still not a reality. These are
the two conclusions I drew from new
ground-breaking research on graduate
salaries. The Institute for Fiscal
Studies (IFS) has issued a study of UK
graduate salaries 10 years on from
graduation, based on student loan
records of 260,000 individuals over a
10-year period. Student loans were
first introduced in 1999-2000 in the
UK and the repayment history of those
first graduates is now producing some
interesting data. The headlines
focused on the fact that graduates
from the London School of Economics
earn more than those from any other
UK university. Medicine and
economics degrees deliver the
highest average salaries 10 years out
for graduates. Beneath these
headlines was the revelation that
students from the richest 20% of
homes earn more in the workplace
than the other 80% of students, with
an average earnings gap 10 years
after graduation of 8,000 a year for
men and 5,300 for women.
The data also clearly showed the
large pay divide between men and
women. Ten years after graduation
male medical students earned a
median wage of 55,000 compared
with 45,000 for women.
In fact, in the top 10 most lucrative
degrees to study, only in European
languages and literature degrees did
the average womens salary exceed or
match the average male salary
(women earned 26,400 compared to
men 25,000).
n Professor Carl Lygo is
chief executive of BPP
In brief
Specimen papers released
CIMA has released specimen case study
answers, using a real student script, to show
what a pass looks like. PQ magazine, along with
many leading tutors, has been campaigning for
the institute to publish students papers so PQs
can understand the standard expected. CIMAs
scripts will be anonymous and should show a
student who achieved a mark of around 95.
CIMAs Peter Stewart explained that this should
become an invaluable resource to all students
studying the case study.
Parking fines not tax deductible
Security firm G4S cannot set its parking
12
news PQ
Billionaire transport
tycoon Brian Souter is
living proof you can be
successful and an
accountant without a
maths O-level! The son
of a bus driver had
wanted to be an
accountant but couldnt
go to university at first because he
didnt have that maths O-level.
So Souter went to Dundee
College and studied for a diploma
in economics and accounts, before
eventually getting in to university.
All through higher education he
worked as a bus conductor and in
the week he sat his exams he
reportedly worked 77
hours on the buses!
He qualified just as Mrs
Thatcher became Prime
Minster and thats when
he saw a gap when coach
routes were deregulated.
Investing his savings of
some 12,000, he went
into business with his sister, a
nurse, who put her house up as
collateral, and 25,000 from their
dad. Stagecoach was born when
they bought two second-hand
buses, offering routes from Dundee
to London and Aberdeen to
Glasgow. The company now has
14,000 buses and sales of 3.2bn.
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13
PQ ethics
Lessons of the
Panama Papers
14
Perhaps its
not a Panama
hat day
Bring it on.
www.lsbu.ac.uk/pq
Up to 9 paper exemptions for some professional accreditations once graduated.*
*9 for ACCA, 7 for ICAEW and 5 for CIMA
I am an award winning
certied bookkeeper
The Institute of
Certied Bookkeepers
F5
MCQs on the whole syllabus.
ABC.
Environmental accounting.
Limiting factors.
Relevant costing.
Flexed budget and budgeting
discussion.
Transfer pricing.
Mix and yield variances.
F6
Employment benefits.
Basis periods.
Partnerships.
Pensions.
Loss relief for individuals and
companies.
Groups of companies.
PAYE.
Administration of tax.
VAT small company schemes.
CGT: Entrepreneurs relief, PPR,
share disposals.
F7
MCQs on the whole syllabus.
Interpretation of accounts,
including ratio calculations and
written analysis.
Preparation of consolidated SFP
and/or SPL with associate, PUP and
fair value adjustments.
Preparation of single company
accounts including tangible noncurrent assets, intangible assets,
taxation and IFRS 15. Possible
written element or EPS calculation.
F8
MCQs on the whole syllabus.
Ethics.
Audit risk and auditor response.
Internal control deficiencies,
implications and recommendations.
Audit evidence and substantive
testing.
Subsequent events, written
representations and going concern.
Modified auditors reports.
F9
Discussion of the economic
environment and the impact on
interest and exchange rates.
Working capital management
receivables and payables plus
operating cycle.
Investment appraisal & cost of
capital.
Business valuations.
Risk management (currency risk
calculations).
P1
50-mark scenario question, to
include ethics, governance and risk
management.
P2
Q1: Group question on disposals
or cash flows.
PQ Magazine June 2016
Ethics.
Revenue recognition.
Leases current issue.
Deferred tax.
Share based payments.
Pensions.
P3
Section A
Environmental analysis, people
with financial analysis.
Section B
Project management.
Strategic action.
Information technology pricing
strategy.
P4
International investment appraisal
techniques focusing on risk
management tools such as value at
risk.
Impact on WACC following
hedging of interest rate risk.
Capital structure; traditional debt
finance and Islamic finance
Sukuk Bonds.
Financial restructuring.
P5
Critique an existing performance
management system and the
performance hierarchy.
Quality as a critical success
factor.
Value based approaches to
performance management.
Effective use of information
systems.
Environmental performance/
analysis.
Balanced scorecard or
Performance Prism.
P6
Group relief and consortium relief
for companies.
Incorporation relief.
IHT planning.
Patent box.
Share schemes.
P7
Business risks in a scenario.
Identifying ethical and other
professional issues in a scenario.
Matters to be considered and
audit evidence for a couple of core
accounting issues.
Money laundering.
Insolvency issues.
Discussion on audit reports.
BPP.
F5
Q1-3: All areas of the syllabus.
Q4: Planning and operational
variances, mix and yield variances,
and evaluation of company
performance.
F6
Employment benefits.
Property income.
Relief for pension contributions.
Adjustments to profit to arrive at
trading income for both companies
and sole traders.
Capital allowance computations.
Likely 10-mark questions on VAT,
IHT and CGT.
F7
Q1-2
Interpretation or statement of
cash flows.
Consolidation (if Q3 is not a
consolidation).
Other possibilities conceptual
framework, intangible/tangible
assets and impairment, provisions
and contingencies, revenue and
grants, financial instruments,
discontinued operations/assets held
for sale, or earnings per share.
Q3
Financial statement preparation
(30-marker).
Single entity or a consolidation
18
HEALTH
WARNING
LSBF.
F5
Section B
ABC and target costing.
Relevant costing.
Budgeting theory with flexed
budgets.
All advanced variances.
Divisional performance and
transfer pricing.
F6
Chargeable gains company
making disposals with rollover and
holdover relief.
IHT calculating IHT on lifetime
gifts into a trust when the donor is
still alive.
VAT due date for registration,
calculation of VAT payable.
Income tax adjustment of profit
for a sole trader/partnership,
including capital allowances, for a
sole trader in the beginning or
middle of the trading cycle.
Corporation tax calculating
corporation tax, large company and
instalment payments.
F7
Section A: MCQs can cover any
topic in the syllabus, but at least
half will be on standards.
Section B: Consolidations/
published accounts will be a 15/30
marker, or vice versa; the remaining
15 marker will probably be on
interpretation with adjustments
needed beforehand.
If you are registered for the exam
and feel reasonably prepared give it
a go: September sees the biggest
expansion to the F7 syllabus for at
least 15 years.
P2
Q1: CFS or BS or PL, in that
order.
Q2/3: Usual suspects drawn
widely from the syllabus.
Q4: Maybe financial asset
impairment, equity accounting,
SMEs, sustainability, leases.
P3
Strategic analysis.
Strategic choice.
Management accounting
techniques to support decision
making (possibly close or continue).
Process re-engineering and the
need for IT controls.
Project management.
P4
Hedging interest rate risk using
forward rate agreement, interest
rate futures, options on interest rate
futures and collars.
Real options to abandon,
expand or delay using the BlackScholes option pricing model.
Investment appraisal using
adjusted present values, modified
internal rate of return and internal
rate of return.
Cost of capital using the principles
of Modigliani and Miller prepositions
or geared and ungeared betas.
Calculation of project specific
WACC or WACC of combined
activities.
Valuation of business using free
cash flows and price-earnings ratio
methods. Best mode of payment
cash offer or share exchange.
P5
EVA.
Appraising performance metrics.
Balanced scorecard.
Impact on performance
management.
PQ
Corporate failure.
Go to pqmagazine.co.uk for F8
and P6 tips from LSBF and
loads more great study advice
ACCA exams PQ
NOTHINGOPTIONAL
P4
.
Students should understand that this is
an advanced level paper that builds on
the knowledge and skills examined in F9.
The examiner wants you to take on the
role of a senior financial professional who
is able to recommend and make financial
management decisions that are likely to
affect the entire business. You also have
to be able to demonstrate your ability to
read and digest quickly comprehensive
and detailed questions. The important
word here is quickly! As a senior
manager you need to be able to work
under scheduled deadlines and the
examiner believes that to be successful
in this exam you need to be able to
demonstrate the ability to prioritise and
manage your time. Business reports and
proposals are expected to be succinct,
professionally written and easy to read
with clear headings and conclusion. That
is what you need to produce in the exam.
Sustained study over a long period of
time (we arent told how long here) is
also a key to success in this paper.
Q1 looked at how exchange rate
fluctuations are influenced by inflation.
Students were then asked to look at the
impact of a capital investment project on
the value of the company and look at its
effect on dividends.
Q2 asked candidates to apply the
adjusted present value technique to a
proposed investment project.
For Q3 sitters had to demonstrate their
understanding of a partnership merger
and how such mergers can be valued.
Q4 wanted to test how knowledge of
real options strategy using the Black
Scholes pricing model can add to
investment appraisal decisions. Risk
factors in option theory was also there,
along with government funding.
P5
.
The examiner is worried that no one is
reading the reports, as previous advice
seems to have been ignored. The March
report reiterates that good candidates
distinguish themselves by being aware
that if they come to this exam expecting
to repeat memorised material they will
probably only score between 20-30%.
PQs also need to ensure they have
filled in the gaps in basic knowledge
(models and techniques), and this might
PQ Magazine June 2016
TOPDOG
AAT exams PQ
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PQ ICAEW spotlight
TOP TUTORS
ACA tutors and examiners attended this years ICAEW Partner in Learning
ACA conference. 2016 was the biggest conference so far, with over 185
delegates at the two-day event. Here are the top exam tips from the event
Advanced level
.
Case study: You must undertake your
own research and analysis of the
Advance Information (AI), and be able to
explain it in your own words. You wont
have time to refer to large volumes of
additional information in the exam you
must have a thorough understanding of
the business described in the AI before
the exam.
Number your pages correctly (1, 2, 3,
etc) and use headings and sub-headings.
Consider whether youre writing an
internal or external report and always use
language that is appropriate for the
audience.
Ethical issues may occur in any of the
three requirements.
Be careful about trying to predict what
the requirements will be. This creates the
risk of using pre-prepared material which
does not address the question in the
exam, particularly for Requirement 3.
Watch the time: equal marks are
available for each requirement.
Strategic Business Management
Apply professional scepticism.
Apply realism what would you advise
in the real world?
Answer requirements in order.
Corporate Reporting
Why and because are important words
when answering a question. If you find
yourself not explaining why or writing
because, you may not be accessing the
higher level marks.
If you are asked for the key audit risks
or financial reporting matter you need to
select the most significant issues. So not
setting out generic points or procedures
only those relating to the scenario.
The application of knowledge is
important rather than copying large
sections of definitions from the
standards. Sometimes it can be helpful
to identify the accounting standard and
to write out definitions, but this should be
done in an applied manner.
If you are asked to adjust the financial
statements before performing financial
statement analysis, it is so your analysis
can tell a more interesting story.
24
Professional level
.
Business Strategy
Think beyond legality, transparency,
effect and fairness.
Use given performance measures in
written analysis, as well as calculations
made.
Widen your scope to other ethical
principles: honesty, integrity and
accountability.
Use methodical approach to
implication of data.
Financial Management
Leave a note next to your answer if you
recognise it is wrong and do not have
time to amend it.
Examiners will award follow through
marks and these are easier to gain if a
note is written for the examiner.
Being able to do calculations in reverse
is a good test of your understanding.
Refer to industry averages and show
industry average calculations whilst
relating it to the company you have
mentioned in your answer.
Make sure you explain what the
numbers mean when the question asks
you to.
Tax Compliance
During the exam, all the information you
need is in the question. For example, if
the question doesnt state whether an
individual is married then you should
assume they are single.
When you are answering a question on
inheritance tax, you should show
workings that relate to nil rate bands.
Show the starting nil rate band and the
amount used up.
For exam
resources,
webinars, study
articles, past
papers, mark
schemes and
examiners tips
visit icaew.com/
examresources
CIMA E1 paper PQ
CONFLICTRESOLUTION
Rebecca Evans on how conflict can arise within the finance function, and why this may be both good and bad
B1
.
Discuss the purpose of the finance function
and its relationship with other parts of the
organisation.
Demonstrate the contribution the finance
function makes to the sustainable delivery of the
organisations strategies in a range of contexts.
Analyse the components of the finance
function.
Discuss the potential for conflict within the role
of the finance function.
B2
.
Explain how the finance function supports the
organisations strategies and operations.
Explain the activities fundamental to the role of
the finance function.
Explain the contemporary transformation of the
finance function.
Not only is an understanding of this syllabus
area important for E1, but its also key for the
operational case study. Managing the finance
function has been examined twice in recent
exam diets, firstly in Variant 2 May 2015, where
students were asked to discuss the contents and
benefits of a SLA, and secondly in November
Variant 4, in the context of considering the
impact a new customer would have on the
finance function.
At the CIMA conference, managing the
finance function was identified by the CIMA
examinations team as the area where students
demonstrate the weakest level of performance.
This is often because trainee accountants think
they can answer the questions using their
experience from the workplace and as a result
dont give it the attention it needs when they are
studying.
Unfortunately for them, although much of the
syllabus does cover content that PQs would pick
up from their everyday work life, there are areas
that could, and clearly are, catching students
out. One such area is the potential for conflict
within the finance function.
Conflict within the finance function
Conflict is a disagreement between people or
groups with opposing opinions, views or
principles. Within organisations conflict can take
two forms: destructive conflict that is harmful to
an organisation or individual, that can often lead
to individuals or groups becoming alienated and
demoralised; and constructive conflict, which
can be viewed more positively as it encourages
change and innovation alongside bringing
problems to the surface so they can be
identified and addressed.
In the E1 syllabus we are asked to consider
conflict arising as result of three key factors:
PQ Magazine June 2016
PQ CIMA P1
PAINTING A PICTURE
Kate Williams focuses on section A of the P1 paper, setting you some questions to test your knowledge
A
40
20
24
(4)
B
50
16
22
12
C
70
40
14
16
The company has now switched from absorption costing to activity based
costing and has identified overheads costs to be allocated as $4, $16,
$40.
Which of the following statement is correct?
A:
B:
C:
D:
26
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PQ CIPFA round-up
5 9 September.
CIPFA has reminded students that they
should continue to take scheduled exams in
June or November 2016 as originally
assumed.
Full tuition is not available for the
September re-sit exams, although revision
packages are under development.
Further information is available at
www.cipfa.org or direct from CIPFA by email
customerservices@cipfa.org. Or telephone
020 7543 5600.
This month Kaplan is giving lucky PQ readers the chance to win free tuition for an
ACCA module of their choice (either Knowledge, Skills, Essentials or Options), plus
three runners-up prizes for a paper of their choice*! As ACCAs chosen Approved
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of the best courses on the market. Enter now for your chance to experience them
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tuition courses only. Terms & Conditions apply. See website for details.)
28
careers PQ
award winner PQ
PQ careers
social media
ROUND-UP
We have just launched a new LinkedIn
Group just for ACCA PQs everywhere
its called ACCA Study Zone. With so
many changes on the horizon in 2016
for ACCA PQs we thought the time was
right to create a truly independent and
authoritative forum where students and
tutors can talk freely. So please do join
the group and help us get the message
out there about the ACCA Study Zone.
Life at PwC
Shabbir Merali, 24, has worked as a Senior Associate in Banking & Capital Markets in
London for two-and-a-half years. An ACA studier, he studied economics at University
College London. He scored the highest mark in the world at the ICAEW Advanced Level
What time does your alarm
clock go off on a working
day? First alarm goes off at
6.45am. But that promptly gets
snoozed a few times before I
actually get out of bed at about
7.10am.
Whats the first thing you do
when you get to your desk?
Check my emails.
Whats on your desk? We have
a hot-desking system so nothing.
Whats the best thing about
where you work? The people
weve got a strong team at the
client site and I joined with a great
bunch of people in my intake.
Wheres your favourite place
to go for lunch? Assenheims 56.
What (or who) can you see
when you sit at your desk?
In brief
SMEs are driving growth
Despite a degree of
uncertainty in the financial
markets the latest job index from
Robert Walters shows vacancies
for accounting and finance
professionals rose by 24% in the
first quarter. In particular, it has
been small to medium sized
businesses that are looking to
recruit. The worry is there has
been a move away from demand
for more junior, newly qualified
investing
in people
Business Analyst
Assistant Accountant
Entertainment, Berkshire
Manufacturing, Middlesex
Salary on application
25,000
Part-qualified accountant.
A career defining move for an ambitious, dynamic and
intelligent individual to join a global video games developer
and publisher responsible for many AAA titles.
Providing detailed and insightful analysis to the upper
management team including the Director of Business
Analysis.
Assisting in preparing regular budget processes and
monthly rolling forecasts, which will include the creation of
physical and digital forecasts for new releases.
Variance analysis and commentary of product sales
performance.
Developing insightful reports and analysis of market trends.
Contribution to the price protection and allowances
provisions process.
Part-qualified accountant.
A fantastic opportunity for a driven individual to join an
internationally recognized manufacturer with progression
opportunities.
To assist/support the Financial Controller in preparing all
monthly, corporate and adhoc reporting.
To assist the Financial Accountant with month end tasks to
ensure that all local and key European corporate financial
reporting deadlines are met.
Preparing and reconciling with the Financial Accountant all
inter-company and European accounts.
Assisting the Financial Accountant with all aspects of the
balance sheet.
Administering the UK-wide treasury cash pool.
Experience with SAP and multi currency preferable.
MANAGEMENT ACCOUNTANT
Salary: 24,328
Location: Macclesfield
Champions students to shape the future of education and create a better world
As the Management Accountant you will support the preparation of financial information for departments and nations and improving collaboration
across the business in order to provide financial expertise and business partnering to the wider business.
Ideally you will be working towards your CIMA/ACCA qualification and able to produce monthly management reporting packs supporting the Commercial
Accountants with their analysis and able to work to tight deadlines with excellent attention to detail. You will need to be someone who is a proactive
thinker and be a confident user of excel, and have the ability to identify errors and coach and support non-financial colleagues with their understanding
of financial awareness and analysis.
This role offers a competitive salary and generous benefits package, which includes:
l 27 days holiday (plus 1 extra day each year to a maximum of 30) plus 4 days over the Christmas period as well as public holidays
l Childcare voucher scheme with a further childcare allowance to support parents
l Flexible working options
l An individual health cash plan
l Employee assistance scheme including a GP advice line, virtual doctor, counselling, medical information and legal advice
l A generous pension scheme (employer matched up to a maximum of 6% of basic salary)
l Access to learning and development opportunities
For more information and to apply for the role please go to http://www.nus.org.uk/jobs
Deadline for applications is 31st May 2016 at 5pm
NUS is committed to being an inclusive employer and having a diverse workforce. We particularly welcome and encourage applications from Black,
Asian and minority ethnic backgrounds.
Sorted, thanks to
pqjobs.co.uk
PQ jobs pqjobs.co.uk
TAKE OWNERSHIP
OF YOUR CAREER
Shouting about your successes and career ambitions
can feel uncomfortable for many people, but this skill
is important if you want to get ahead in your career.
According to our Hays Global Gender Diversity Report 2016,
both men (32%) and women (44%) do not feel they have
the opportunity to communicate their ambition and
self-promote in the workplace.
Making sure other people know what your goals are will
help make sure youre considered for future opportunities,
and give you greater control of your career path.
To find out how we can help you get ahead in your
finance career, email karen.young@hays.com or call
07834 260029. Alternatively, you can visit us online.
hays.co.uk/pq
PQ magazine
About you
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CAT
CIMA
Certificate
F1-3
CIPFA
Certificate
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ICAEW
CFAB
Professional
Advanced
ICAS
TC
TPS
TPE
Tax
ATT
CTA
AAT
Level 2
Level 3
Operations
F4-F9
Management
T4
Strategic
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P Papers
Strategic
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FORTUNE
CREEPY OCCUPATIONS YOU ARENT ONE!
Accountants can breath a sigh of relief they are not on
the latest creepiness ratings of occupations. The recently
published list has clowns and taxidermists at one and two
respectively. Then comes sex shop owners, funeral
directors and taxi drivers. And the least creepy? Apparently
it is meteorologists and teachers.
SWINGING
ACCOUNTANTS
W E V E
EVERYONE NEEDS A
CHARTERED ACCOUNTANT
IN THE
STARS
The Sunday Times
Rich List was
published
recently. Top of
the pile were
property and
internet gurus
David and Simon
Reuben worth
13.1bn. Born in
Mumbai, they
came to Britain in
the 1950s and
went to state
schools. We
always like to see
the star signs of
the richest 1,000.
Top of the Rich
List by some way
are Geminis,
followed by Leos
and those born
under the
Sagittarius
sign. And
bottom?
Well, again
by some
distance is
Scorpio,
followed by Libra
and Cancer.
GOT THE L OT
LUCKY NUMBERS
Heres your chance to win an ICAEW calculator a
Casio FX83 GT PLUS, perfect to help you study
towards an upcoming ACA Certificate Level exam.
This is the actual calculator that you will be provided
with on exam day and we have five to give away.
To be in with a chance of winning this great
giveaway send your name and address to
graham@pqaccountant.com. Head up your email
Calculator.
Terms and conditions: One entry per giveaway please. You must send your name and address to be entered for the draw. All giveaway entries must be
received by Friday 27 May. The main draw will take place on Tuesday 31 May 2016.
EXECUTIVE EDUCATION
London School of Business & Finance (LSBF) has now joined forces with
Manhattan Institute of Management (MIM), giving you the opportunity
to study LSBFs Executive Education courses in the heart of New York.
Postgraduate Certificate in Accounting and Financial Management
Postgraduate Certificate in Global Marketing
Postgraduate Certificate in Project Management
Postgraduate Certificate in Consulting Management
miniMBA