September 21, 2017 | Author: Hassan Askary | Category: Accountant, Audit, Academic Certificate, Auditor's Report, Taxes
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Student Training Record

ACCA is committed to ensuring that all members are equipped with the skills demanded by the current and future workplace, through a process of lifelong learning. Once qualified, ACCA members should continue to update their range of experience and technical knowledge throughout their careers. In order to become Chartered Certified Accountants, ACCA students must obtain a period of supervised relevant practical experience and achieve competence in a range of skills and activities, in addition to completing the ACCA exams. Students must record their achievement of workplace experience and skills in this Student Training Record (STR). The STR explains ACCA’s practical training requirements and how to document the work experience. It also contains all the forms that students and their Supervisor(s) need to complete. The STR is primarily designed to help students focus on the development of technical and management skills that will enable them to meet ACCA’s practical experience requirements for membership. The completion and review of the STR may also assist employers by encouraging students to consider how they can make greater and more effective contributions to the achievement of organisational goals. Students must provide the completed STR to ACCA if requested to do so.


Student Training Record

Contents Guidance Notes PAGE 4

Practical Experience


Completing and Reviewing the STR


STR Audits


ACCA Approved Training Practices


Work Permitted Outside Approved Training


Applying for Membership


Frequently Asked Questions Membership Competences


Membership Competences (including overviews of the Performance Criteria and Examples of how the elements of competence may be achieved)

Student Training Record


Practical Experience To become Chartered Certified

Technical elements of competence


Accountants, students must:

have been identified as Key. These are


• pass the examinations

important technical skills in which

Competence is the ability to perform

• obtain a minimum of three years’

training is encouraged. The elements

an activity to a set standard within the

supervised relevant practical

of competence set out in Key Area 9

workplace. Students achieve an


are Management elements. Some

element of competence if they meet

Management elements of competence

the Performance Criteria associated

are Mandatory. These cover

with the element of competence

communication and interpersonal

without close supervision or regular

Training Record (STR) and provide

skills, ethics, and professional

instruction from their Supervisor.

the completed STR to ACCA if


• satisfy the minimum competence requirements • record their experience in a Student


requested to do so. HOW MANY ELEMENTS OF

Wherever possible the Supervisor



should be a line manager or partner



who is:

Students must be able to demonstrate

To satisfy ACCA’s minimum

competence in a wide range of

competence requirements for

technical, management and personal

membership, students must achieve at

skills required by the modern

least 16 elements of competence,

professional accountant. ACCA’s


examinations provide students with the knowledge and understanding

• a qualified Chartered Certified Accountant; or • a member of an accountancy or auditing body recognised by law in the country of employment.

• at least 12 Technical elements of

which underpins competent

competence, including a minimum

The Supervisor should regularly review

performance in the workplace.

of 6 Key Technical elements of

the students’ work to check that they

competence which must be taken

are meeting the practical experience

from at least 2 Key Areas

requirements. They are also

WHAT ARE ELEMENTS OF COMPETENCE? ACCA has identified 9 Key Areas that

• all 4 Mandatory Management elements of competence.

cover a range of technical and

responsible for judging whether students have achieved an element of competence.

management functions. Within each of


these Key Areas, specific elements of


Please refer to page 11 for additional

competence have been defined. Each


guidance on who can act as

element of competence relates to a

Each element of competence is


specific skill, task or area of

underpinned by Performance Criteria

responsibility that may be

that describe the standards expected.

demonstrated by a Chartered Certified

Overviews of the Performance Criteria

Accountant in the workplace.

are listed on pages 14 to 28. Examples are also provided which

There are 68 Membership

illustrate the tasks and activities that

Competences and they are listed on

students might undertake in order to

pages 14 to 28. The elements of

achieve an element of competence.

competence set out in Key Areas 1 to 8 are Technical elements. Some


Student Training Record

Completing and Reviewing the STR The STR is comprised of three forms:

should note that maintaining a diary is optional. Their diaries will not be

• Employment History

reviewed by ACCA.

• STR1 Records • STR2 Summary of Competences. The STR forms are designed to enable students to record evidence of their practical experience and have this experience verified by their Supervisor. Templates of each STR form are provided in a separate booklet. You should retain these templates and photocopy them as required. Copies of the STR forms can also be downloaded from ACCA’s website at Examples of completed STR1 Records are also provided in the booklet. Students are recommended to keep a diary of their practical experience and update it on a regular basis e.g. monthly. This will help them to complete the STR1 Records. The diary may be documented in any form. A suggestion of how the diary could be structured is shown below. Students


Tasks undertaken and main areas of responsibility

Elements covered


Collated stock sheets, calculated usage ratios, analysed major

Element 3K

variances, discussed with stores managers and produced report April 2001

Prepared report on suppliers’ prices for all consumables, investigated

Element 13

new suppliers, prepared report to management on availability of alternative suppliers and bulk discounts. Discussed report with purchasing department.

Student Training Record


Completing and Reviewing the STR (continued)

EMPLOYMENT HISTORY (completed by the student) Complete the Employment History giving details about the

The Employment History should be completed each time the

period of employment, the employer’s name and address and

student changes employer.

the nature of the business. When changing employer, confirm that STR1 Records and the STR2 Summary of Competences have been completed and reviewed to cover the period of employment. STR1 RECORD (completed by the student) Complete the header section giving details about the student,

STR1 Records should be completed at least annually (or every

employer, supervisor and the period covered.

six months if the student works in an ACCA Approved Training Practice) and additionally when the student changes jobs or

Describe the work experience undertaken in the Summary of

leaves an organisation.

Work Undertaken and Responsibilities section. Cross-reference the skills and activities described to the elements of

The student should ensure that sufficient detail is given in the


narrative to support the elements of competence listed.

Sign each STR1 Record. STR1 RECORD (completed by the Supervisor) Review the work experience the student has listed in the

STR1 Records should be reviewed by the Supervisor at least

Summary of Work Undertaken and Responsibilities section.

annually (or every six months in the case of an ACCA Approved

Ensure the skills and activities have been cross-referenced to the

Training Practice) and additionally when the student changes

appropriate elements of competence.

jobs or leaves an organisation.

Evaluate the student’s performance against the Performance

The review is used to monitor the student’s performance;

Criteria set for each element of competence listed. Indicate the

identify areas in which the student needs further experience in

areas in which the student has achieved competence by

order to meet ACCA’s minimum competence requirements for

completing the relevant column in the Summary of Work

membership; and plan the student’s future development.

Undertaken and Responsibilities section.

Copies of the organisation’s own internal appraisal documentation may be attached to this section, provided that it

Use the ‘Comments’ column to highlight strengths, weaknesses

addresses the achievement of elements of competence.

and future work experience and development requirements. Sign each STR1 Record.


Student Training Record

Completing and Reviewing the STR (continued)

STR2 SUMMARY OF COMPETENCES (completed by the Supervisor) Sign the STR2 Summary of Competences when the student has

The STR2 Summary of Competences should be reviewed by the

achieved an element of competence.

Supervisor at least annually (or every six months in the case of an ACCA Approved Training Practice) and additionally when the

Cross-reference the STR2 Summary of Competences to the

student changes jobs or leaves an organisation.

STR1 Record that evidences the achievement of the element of competence.

Students will achieve an element of competence if they have met the Performance Criteria associated with that element without close supervision or regular instruction.

Further information about practical


experience, the completion and review

ACCA reviews a significant number of STRs to ensure that they have been completed

of the STR, and the role of the

correctly and provide an accurate picture of students’ work experience. Students will

Supervisor, is available within the

be notified if their STR has been selected as part of this review and required to send

Frequently Asked Questions section.

in copies of their STR1 Records and STR2 Summary of Competences. An ACCA

Alternatively, please refer to the

Training Consultant will then provide appropriate feedback.

contacts listed at the back of this booklet for advice.

Student Training Record


ACCA Approved Training Practices An ACCA Approved Training Practice is

membership training towards an ACCA

a firm of accountants that is registered

practising certificate or an ACCA

reviews, comment on experience

with ACCA to train students and

practising certificate and audit

and sign off the STR1 Records and

members towards an ACCA practising


the STR2 Summary of

certificate, which is valid in any

• a qualified manager may undertake

Competences if there is no

country, or an ACCA practising

If students work in an ACCA Approved

nominated Principal sufficiently

certificate and audit qualification

Training Practice, special instructions

familiar with a student’s work to

which is valid in the UK (including

apply to completing the STR:

undertake these activities.

Jersey, Guernsey and the Isle of Man), Republic of Ireland, Cyprus and Zimbabwe. Students who work in an ACCA

However, the STR1 Records and • an STR1 Record must be

STR2 Summary of Competences

completed and reviewed every six

must be countersigned by a


Principal, if the pre-membership

• the Supervisor should be a suitably

experience is to contribute towards

Approved Training Practice can count

qualified accountant nominated by

an ACCA practising certificate or an

up to 12 months of their pre-

the firm to act as Principal;

ACCA practising certificate and audit qualification.

Work Permitted Outside Approved Training ACCA students and affiliates may not

• payroll

Accountants, The Chartered

claim to be members of ACCA or

• VAT (applies in the UK only).

Institute of Public Finance and Accountancy; or

undertake work within the definition of public practice. ACCA students and

Students/affiliates may provide such

affiliates may not be partners or

services either in a self-employed

professional accountancy

directors of a firm that undertakes

capacity or as an employee. However,

qualification which confers the

public practice work. They may

the provision of these services directly

right to practise in their country of

undertake work outside this definition,

to the public cannot constitute


provided that they do not refer to their

‘approved accountancy experience’ for

status as a student or potential

the purpose of obtaining ACCA

Further information about the work

member of ACCA.


permitted outside approved training is

• is resident overseas and holds a

available on ACCA’s website at The work that may be undertaken is

The above rules do not apply if the Alternatively,

basic bookkeeping which is defined


please contact ACCA Connect.

as: • is a practising certificate holder • the recording of basic accounting

and member of one of the UK or

data up to and including the

Irish Institutes of Chartered

preparation of accounting records

Accountants, The Chartered

to trial balance stage

Institute of Management


Student Training Record

Applying for Membership When students have completed the examinations, they will automatically receive a form entitled ‘Transfer to ACCA Membership or ACCA Affiliate Status’. This form must be completed and returned in all circumstances. Successful finalists can either apply for full membership of ACCA, if they have obtained a minimum of three years’ supervised relevant practical experience and satisfied the minimum competence requirements, or apply for ACCA affiliate status. Affiliate certificates are issued by ACCA only on receipt of a completed form.

Frequently Asked Questions PRACTICAL EXPERIENCE

soon as possible after registration as

Do I have to work for an organisation

When can I gain my practical

an ACCA student, as it will be easier

that has been approved by ACCA?


to recall this experience, and have it

No. You do not need to obtain your

You can gain your practical experience

verified by your current/previous

practical experience for membership in

before, during or after completion of


an organisation that has been

the examinations. There is no time

approved by ACCA. However, if you

limit to gaining practical experience

Does my experience have to be gained

work in an ACCA Approved Training

and applying for ACCA membership.

in a specific role or business sector?

Practice, up to 12 months of your pre-

The 10 year time limit only applies to

No. You may use any experience

membership training can count

completing the examinations.

gained in any accounting or

towards the practical training

accounting-related role, provided that

requirement for an ACCA practising

Can I use experience gained before I

it contributes to the achievement of

certificate, which is valid in any

registered as an ACCA student

the minimum competence

country, or an ACCA practising

towards the practical experience

requirements. The experience may be

certificate and audit qualification

requirements for membership?

gained in any business sector or

which is valid in the UK (including

Yes, provided that the experience is

combination of sectors (e.g. public

Jersey, Guernsey and the Isle of Man),

supervised, relevant and can be

practice, industry and commerce or

Republic of Ireland, Cyprus and

verified. You should record your

the public sector).

Zimbabwe. Similarly, if you work in

previous experience in the STR as

Student Training Record

the corporate or public sectors, and


Frequently Asked Questions (continued)

your employer has been granted

count towards the practical experience

listed so that your Supervisor is able to

Approved, Gold Approved or Platinum

requirements for membership on a

assess your competence against the

Approved accreditation status, up to

pro-rata basis. Therefore, wherever

set standards. Wherever possible, you

12 months of your pre-membership

possible, it is advisable to obtain full-

should avoid using jargon and

training can count towards the

time work experience1 that is relevant,

abbreviations that are not explained.

practical training requirement for an

supervised and meets the Membership

ACCA practising certificate.

Competences. 1

What if I work in a specialist area? ACCA will accept experience gained in a number of specialist areas (e.g. corporate recovery, corporate finance, banking, internal audit, forensic

As a guideline, ACCA considers fulltime work experience to be 35 hours per week. 1,540 hours of part-time work equates to one year of full-time work experience.

If I undertake certain tasks on a regular basis, over a long period of time, do I still need to describe them in every STR1 Record or can I just refer back to earlier STR1 Records? Each STR1 Record should stand alone as a summary of all the key aspects of

accounting), provided that you can

What if I am self-employed?

work undertaken in the period. You

demonstrate that you have satisfied

In order for work experience to count

should not refer back to earlier STR1

the minimum competence

towards the Professional Scheme

Records. However, where such tasks

requirements for ACCA membership.

practical experience requirements, it

are performed regularly, you may

must be supervised and verified by a

initially describe the task in detail, but

Can lecturing experience count?

suitably qualified person (see the

give a briefer, more general description

Yes, up to 12 months’ lecturing

section on supervisory issues). While

in later STR1 Records. You should try

experience can count towards the

Professional Scheme students can

to ensure that your records

practical experience requirements for

provide basic book-keeping and certain

demonstrate the progression in your

membership. The lecturing experience

other services direct to the public,

role, both in terms of your technical

must be at a level equivalent to Part 1

this cannot constitute ‘approved

ability and management skills.

of ACCA’s professional examinations

accountancy experience’ and therefore

and cover basic accounting, business

may not count towards the practical

Can my STR be completed

studies and finance-related subjects.

experience requirements for the ACCA


qualification. However, basic book-

Although experience gained prior to

Can I use experience gained in a

keeping and other accountancy work

registration can be entered in the STR

part-time or temporary position?

undertaken under supervision (eg on a

retrospectively, you are strongly

Yes, provided that the work

sub-contract basis) may constitute

advised to document your work

experience is of a sufficient breadth

‘approved accountancy experience’.

experience on an ongoing basis and

and depth to contribute towards

arrange for your STR to be reviewed

achieving the minimum competence


regularly. This will enable your

requirements. You may find that

How much detail do I need to put in

Supervisor to consider your work

experience gained in a part-time or

the STR?

experience, plan for your future

temporary position does not allow you

The description of your work

development, and ensure that you

to achieve many elements of

experience should be concise.

meet the practical experience

competence and may not provide you

However, it should still give a

requirements for membership.

with sufficient opportunities for career

sufficient explanation of the key skills

development. Also, work experience

and activities associated with each

gained on a part-time basis can only

element of competence that you have


Student Training Record

Frequently Asked Questions (continued)

Can I use experience that I obtained

If your Supervisor is not a qualified

Competences are brought up-to-date

when I was studying for another

accountant, there may be another

and reviewed when you leave an

professional accountancy

individual within your organisation who

employer or change departments.


holds a professional accountancy

Yes, provided that the experience is

qualification. If this person has


supervised, relevant and can be

sufficient knowledge of your work,


verified. Unfortunately, ACCA is unable

then they can review and verify your

I have passed my examinations.

to accept the training records of

STR1 Records and STR2 Summary of

Does that mean I am a member of

another professional accountancy body

Competences instead.

ACCA and can use the designatory letters ‘ACCA’ after my name?

because they are not based upon the achievement of our Membership

However, if there is no other qualified

No. You may only refer to yourself as

Competences. Therefore you will need

accountant within your organisation,

a member of ACCA, and use the

to record your previous experience in

ACCA will still accept STR forms that

designatory letters ‘ACCA’ after your

the STR as soon as possible after

have been verified by an unqualified

name, when you have been admitted

registration as an ACCA student and


to full ACCA membership.

I work in an ACCA Approved Training

When you have passed the

Practice. Who should be my

examinations, you will be invited to



transfer to ACCA membership or ACCA

I am the most senior member of

Ideally, your Supervisor should be a

affiliate status. If you have not yet

accounting staff in my organisation.

suitably qualified accountant

gained the necessary practical

Who should review my STR?

nominated by the firm to act as your

experience for membership, you

You should make arrangements for

Principal. A qualified manager may

should apply for ACCA affiliate status.

your organisation’s auditors or

review and verify your STR forms.

Affiliates are not members of ACCA

accountants to sign, or countersign,

However, the STR1 Records and

and they may not use the designatory

the STR1 Records and STR2

STR2 Summary of Competences must

letters ‘ACCA’ after their name. Once

Summary of Competences.

be countersigned by a Principal if your

you have satisfied the practical

have it verified by your previous Supervisor.

pre-membership work experience is to

training requirements for membership,

My Supervisor has no professional

contribute towards an ACCA practising

you may then apply for full ACCA

accountancy qualification, but has

certificate or an ACCA practising


considerable experience in finance.

certificate and audit qualification.

Can he/she verify my STR1 Records

When I have been admitted to full

and STR2 Summary of

Can my current Supervisor verify

ACCA membership, can I offer my


experience gained at a previous

services directly to the public?

Wherever possible, your Supervisor

employer or in another department?

As an ACCA member you may provide

should be a line manager or partner

No. Your current Supervisor is only

payroll, VAT and basic book-keeping

who is:

responsible for verifying the experience

services; record basic accounting data;

• a qualified Chartered Certified

gained under his/her supervision and

and prepare accounting records to trial

the elements of competence


Accountant; or • a member of an accountancy or

demonstrated in your current role.

auditing body recognised by law in

You should ensure that your STR1

your country of employment.

Records and STR2 Summary of

Student Training Record


Frequently Asked Questions (continued)

However, you are not permitted to

How do I obtain an ACCA practising

A practising certificate and audit

undertake work that falls within


qualification is only available to

ACCA’s definition of public practice

To obtain a globally portable practising

members who, in addition to providing

unless you hold an appropriate

certificate, individuals must meet

general accountancy services, wish to

practising certificate. ACCA’s definition

ACCA’s practical training requirements

undertake audit work in the UK,

of public practice includes accepting

which are focused on experience

Republic of Ireland, Cyprus and

appointment as an auditor; signing or

gained after admission to membership.

Zimbabwe where ACCA has specific

producing any accounts, report or

Post-membership experience must be

legislative responsibilities to regulate

certificate or tax return, that a ‘third

recorded in a Practising Certificate

members providing audit services. The

party’ may place reliance on; or

Training Record and verified by an

practising certificate and audit

holding yourself out as being available

appropriately qualified individual – the

qualification may entitle members to

to undertake these activities.

Principal. Up to 12 months’ pre-

transfer the validity of their practising

membership experience can be

certificate to other countries (subject

What types of ACCA practising

counted towards the minimum three

to any local authorisation requirements

certificate are there?

years required for a practising

also being met). The audit

ACCA issues two types of practising

certificate and recorded in the Student

qualification is not generally

certificate: the ACCA practising

Training Record.


Training for a practising certificate

Members with ACCA practising

certificate and the ACCA practising certificate and audit qualification.

must be gained in an organisation

certificates in countries other than the

The ACCA practising certificate allows

appropriately accredited by ACCA.

UK, Republic of Ireland and Zimbabwe

you to perform any activity constituting

Corporate and public sector

may carry out audit or other reserved

public practice, apart from accepting

organisations as well as public

work where authorised under local

work as an auditor .

practice firms can now provide such

legislation but ACCA will require proof

training. Public practice firms must be

of authorisation.


The ACCA practising certificate and

registered as Approved Training

audit qualification is only valid in the

Practices and corporate or public

Members in the UK and Republic of

UK (including Jersey, Guernsey and

sector organisations should be

Ireland must also sit and pass an

the Isle of Man), Republic of Ireland,

accredited at Approved level or above.

Orientation Course & Test.

allows you to perform any activity

Members who hold a licence to

Further information about the practical

constituting public practice, including

practise issued by a recognised local

training requirements for ACCA’s

work reserved for Registered Auditors.

body or authority may apply for a

practising certificates is available on

waiver of the practical training

ACCA’s website at

requirements to obtain an ACCA

Cyprus and Zimbabwe. This certificate


In counties other than the UK and

Republic of Ireland, members holding

practising certificate. Where a waiver

an ACCA practising certificate may

is granted, however, the ACCA

What is the Orientation Course &

carry out audit work or other reserved

practising certificate awarded will be


work where authorised under local

valid only in the country where the

The Orientation Course & Test only

legislation but ACCA will require proof

local licence allows the member to

applies to members in the UK

of authorisation.


(including Jersey, Guernsey and the Isle of Man) and Republic of Ireland


Student Training Record

Frequently Asked Questions (continued)

who wish to obtain an ACCA

In addition to attending the relevant

Are there any special requirements if

practising certificate or an ACCA

sections of the course, you are

I wish to become an Insolvency

practising certificate and audit

required to undergo an assessment



procedure which includes a pre-course

If you think that you will be moving

case study and a case study taken

into insolvency work in the UK and

under examination conditions during

Republic of Ireland, you will need to

the course. Both case studies are

be aware of the rules governing the

marked by qualified accountants and

issue of insolvency licences. Applicants

reviewed by an external assessor.

have to complete appropriate relevant

Once you have completed the practical training requirements for a practising certificate, you may apply to undertake an Orientation Course & Test. The objective of the course is to confirm your ability to practise as a Chartered Certified Accountant in the UK and Republic of Ireland. It also provides an assessment and enhancement of your skills and aptitudes before the award of a practising certificate. In particular, you are required to demonstrate that you are able to apply the technical and practical knowledge gained in your professional work to practical problems. There are two types of Orientation Course & Test: Audit and Practice. If you apply for an ACCA practising certificate and audit qualification you must pass an Audit Orientation Course & Test. If you apply for an ACCA practising certificate you must pass a Practice Orientation Course & Test. The Orientation Course & Tests are held during the course of a week, but you only attend for a maximum of 3 days. The courses include a variety of modules, such as practice management, professional

insolvency experience and pass the In order to satisfactorily complete the

examination of the Joint Insolvency

Orientation Course & Test, you must

Examination Board. Insolvency

score a minimum average mark of

licences are not, as a general rule,

50%, with a minimum mark for each

issued to members outside of the UK.

case study of 40%. Where the mark for either case study is below 40%,

Further information about Insolvency

you automatically fail the Orientation

licences is available on ACCA’s

Course & Test regardless of the mark

website at

for the other case study.

Alternatively please refer to the contact list at the back of this booklet

If you score an average mark between

for advice.

40%–50%, you are invited to an oral examination (usually a few weeks after the course) with a Panel of Assessors. If your average mark is below 40%, you fail the Orientation Course & Test and are ineligible to re-sit the same Course & Test for 12 months. Further information about the Orientation Course & Test is available on ACCA’s website at or from Members’ Affairs at ACCA (see the inside of the back cover for contact details).

assignments, and the professional environment.

Student Training Record


Membership Competences This section provides overviews of the


accounting regulations and

performance criteria associated with



each element of competence and

• Provide supporting information

examples of how the elements of


competence may be achieved.

Prepare financial and other statements and accounts for external

The full set of Membership


Overviews and detailed Performance


Criteria) is available on ACCA’s

Appraise information for the

website at

preparation of financial and other

Hard copies are also available on

statements and accounts

request. To satisfy ACCA’s minimum


competence requirements for

• Collect information for the

membership, students must achieve at

preparation of accounts, ensuring

least 16 elements of competence,

that it is complete and accurate


• Ensure any estimates are

• at least 12 Technical elements of

• Investigate any unusual trends or

reasonable competence, including a minimum

variances, giving explanations

of 6 Key Technical elements of

where appropriate

and accounts • Prepare supporting schedules/notes to the accounts affairs • Prepare a prospectus for a public listing • Prepare a cover statement for a bank report UNIT B Prepare financial information for management ELEMENT 3 K

competence which must be taken

elements of competence.

• Prepare the financial statements

• Prepare an up-to-date statement of To gain competence in this area, you

• all 4 Mandatory Management

show an adverse financial position


Competences (including Unit

from at least 2 Key Areas

where appropriate • Identify whether or not the accounts


Appraise financial information for the

• Maintain sales ledger, purchase

preparation of management

ledger, cash book and payroll


• Prepare bank and other Throughout this overview, Key


To gain competence in this area, you

Technical elements of competence

• Prepare the Trial Balance


have been marked K and Mandatory

• Identify the assets and liabilities of

• Collect information for the

Management elements of competence

an organisation to form the basis of

preparation of accounts to meet

have been marked M.

a statement of affairs

management requirements • Investigate areas where there is

ELEMENT 2 K Prepare and present financial and other statements and accounts

doubt as to the completeness, accuracy and validity of information • Review variations between actual and anticipated major ratios, giving

To gain competence in this area, you

explanations where appropriate

should: • Prepare statements and accounts in



an appropriate format and in

• Prepare a schedule of fixed assets

accordance with relevant

• Analyse stock levels

Student Training Record

Membership Competences (continued)

• Analyse sales figures



• Prepare graphs

• Ensure compliance with taxation

Assist in the development and

• Analyse trends

legislation, accounting standards,

• Obtain market, industry and

industry standards and regulations

implementation of accounting systems

organisational statistics for a share

or public sector regulations and




Identify potential changes to an

• Monitor compliance with legislation ELEMENT 4 K

for buyouts, mergers and takeovers

Prepare and present financial information for management purposes To gain competence in this area, you

To gain competence in this area, you ELEMENT 6


Provide support in meeting regulatory

• Review existing accounting systems


should: • Present information for management purposes • Provide any necessary supporting explanations

To gain competence in this area, you should: • Carry out the functions required to

any reasons for being unable to

• Prepare monthly management

perform certain executive functions,

reporting package

UNIT C Advise and support clients/

Examples: • Recommend changes/improvements to current accounting system ELEMENT 8


Assist in the introduction of new/ changes to accounting systems

Examples: • Prepare minutes of meetings

To gain competence in this area, you

• Prepare documents for the issue of


shares or debentures • Review/file Annual Returns

regulatory obligations

• Maintain statutory books • Prepare returns specific to the


organisation for submission to the

Advise on relevant regulatory

appropriate authority e.g. pension


schemes, charities commission • For an insolvent organisation,

To gain competence in this area, you

ensure that creditors are paid in the


appropriate order of priority

regulations that the organisation

and packages

accountant’s independenc (practice

management in meeting their

• Identify and monitor specific

• Identify potentially suitable systems

or other roles which impinge on the

• Prepare management information for buyouts, mergers and takeovers

in consultation with clients/users

meet regulatory obligations


• Prepare monthly management

and discuss future requirements • Assess current and potential needs

• Be aware of and be able to explain


organisation’s accounting systems

• Implement a new system or changes to an existing system • Monitor the introduction of new/ changes to accounting systems and obtain feedback from users Examples • Introduce a new software package • Train staff and deal with any queries arising

• For an insolvent organisation, file all relevant statutory returns

must comply with • Offer advice which is consistent with the regulations

Student Training Record


Membership Competences (continued)




Assist in the evaluation of changes to


• Set up a system for benchmarking

accounting systems


To gain competence in this area, you



Assist in the planning and monitoring

and seasonal variations, using pre-

• Monitor changes to accounting

of business performance

set performance indicators

organisational performance against competitors’ activities • Train staff to identify sales trends

systems and provide on-going advice and support • Make recommendations for modifications to the system where



Assist in identifying financial

Assist in monitoring the achievement

objectives and performance measures

of financial performance and objectives

required To gain competence in this area, you Examples:


To gain competence in this area, you

• Meet clients/users to obtain

• Gain an understanding of the


feedback and offer support

overall business objectives and performance measures • Set performance measures and financial objectives

• Assess performance and inform management of the outcome • Diagnose problems in performance and give advice on how to solve them

Examples: • Identify key financial ratios that are to be used by the business to

• Report the results of monitoring and analysis to the client/management • Set new or amend existing business

assess performance e.g. return on

objectives/performance measures to

capital employed or debtors ratios

accommodate changes in

• Identify other relevant performance


indicators Examples: ELEMENT 11 Assist in the introduction of systems and practices to plan and monitor financial performance

• Produce a report of achievement of monthly sales targets per region • Compare the achievement of objectives/margins/ratios/targets with expectations/previous periods/

To gain competence in this area, you should:

industry averages/benchmarks • Produce detailed variance analyses

• Agree the nature and scope of systems to measure and monitor


financial performance

Identify and analyse the costs

• Demonstrate the system to users

associated with products and services

and ensure that they understand it ELEMENT 13 Identify the cost of products and services


Student Training Record

Membership Competences (continued)

To gain competence in this area, you should: • Identify both short term and long

products and services • Calculate and analyse differences between estimated and actual costs

term costs of products and services • Identify and contact potential suppliers • Maintain an awareness of market conditions as they affect supply

operates • Identify the funding required for business activities and relevant

Examples: • Prepare an illustration of how actual costs compare to estimated

sources of funding • Design spending plans/cash flow forecasts

costs • Prepare a report to management


which explains any major cost

• Prepare costings of new raw


materials or service contracts • Investigate alternative suppliers of

economic environment in which it

Examples: • Prepare spending proposals for the department’s activities • Prepare cash flow forecasts

ELEMENT 16 Make recommendations to reduce


costs and enhance value

Agree budgets for activities

Identify the potential profitability of

To gain competence in this area, you

To gain competence in this area, you

products and services



• Follow up evaluations on the cost

• Negotiate budgets and resolve any

goods and services ELEMENT 14

To gain competence in this area, you

of products and services and their


value to the organisation

• Calculate potential revenue from

• Give advice to improve profitability

products and services and estimate future profitability • Consider if the profitability of

Examples: • Make recommendations to discontinue an unprofitable product

organisation’s objectives and

line • Produce a report to management/ the client on potential cost

Examples: margins policies

Examples: • Attend meetings to discuss and agree budgets • Amend budgets to reflect the outcome of negotiations

reductions ELEMENT 19 K

• Prepare predictions of profit • Prepare information for price setting

those who are responsible for administering or controlling funds

products and services meets the strategies

outstanding issues • Communicate agreed budgets to


Monitor and report on budgets

Control expenditure and monitor budgets

To gain competence in this area, you should:



Calculate the actual costs of products

Prepare spending proposals and

and services


• Analyse variations between actual and budgeted figures • Report to management/the client on the variations identified, giving

To gain competence in this area, you

To gain competence in this area, you

adequate explanation and



interpretation of the data

• Identify the actual costs of

• Understand the business objectives

production and delivery for

Student Training Record

of the organisation and the


Membership Competences (continued)




• Prepare monthly variance analysis


• Correspond with the tax authorities

reports • Give explanations and make recommendations based on the

on routine or specific issues arising UNIT A

from the submission of tax

Compute tax payable



• Agree final settlement of disputed ELEMENT 20 K Compute the tax payable by the client/organisation

tax position, including payment schedule and interest, if relevant • Attend VAT/PAYE investigations and liaise with the tax officer on the

To gain competence in this area, you

client’s/management’s behalf

should: • Collect the necessary data and make accurate calculations of

UNIT B Develop plans for tax liabilities

tax(es) payable • Prepare and submit the relevant tax returns

ELEMENT 22 Advise on tax liabilities and payments

• Ensure that calculations and returns conform to current legal

To gain competence in this area, you


should: • Provide oral or written advice to the


client/management about their tax

• Prepare corporation tax

liabilities and payments

computations • Prepare income tax computations • Prepare PAYE/NI returns • Prepare VAT returns

• Respond to any queries resulting from the advice given • Ensure that the client/management fully understand the advice given



Negotiate with the tax authorities

• Inform the client/management of their tax liabilities and explain any

To gain competence in this area, you should: • Liase with the tax authorities on routine or specific tax enquiries

issues arising • Provide reminders of due dates for submission of tax returns/payment of tax liabilities

• Negotiate with the tax authorities on behalf of the client/management • Correspond in writing or conduct face to face negotiations with both the client/management and the tax authorities


Student Training Record

Membership Competences (continued)




Assist clients/management with tax


• Record and evaluate clients’


systems using systems notes, flow UNIT A

charts, internal control

To gain competence in this area, you

Prepare for and control the statutory

questionnaires etc.


audit process

• Have a working knowledge of the

• Design and carry out compliance tests

client’s/organisation’s business and


its future plans

Determine the level of audit risk

ELEMENT 26 Co-ordinate the delivery of statutory

• Forecast the future tax payable and compare the potential cash

To gain competence in this area, you

requirements against the level of


cash that is needed for the planned

• Obtain and evaluate information

audit evidence To gain competence in this area, you

about the business and its


• Advise the client/management on

environment, including any work

• Plan and manage resources such as

ways to optimise the timing of

prepared by internal auditors and

people and time to enable the audit

activities/transactions to ensure the

any risks identified in previous

to be completed on a timely and

best possible tax position


cost-effective basis


• Identify the risk areas

• Monitor audit work against audit


• Document the audit approach

programmes to ensure that audit

• Compare the effect of changes in

• Plan the use of audit tests and

objectives are met

tax rates on the client’s/

design audit programmes

organisation’s tax liabilities and

• Resolve any problems by communicating and discussing

advise on any action required by


issues with senior colleagues or the

the client/organisation to optimise

• Prepare an Audit Planning


their tax position • Advise on the timing of capital asset purchases to optimise the

Memorandum and supporting schedules • Design/tailor audit programmes

client’s/organisation’s tax position

Examples: • Plan staffing arrangements and allocate audit work to staff


according to their knowledge and

under future plans of the client/

Evaluate the control risk within an

level of experience

organisation and advise on how

organisation’s accounting systems

• Review the interaction of taxes

future tax liabilities may be minimised

• Set time and cost budgets and review these on a regular basis

To gain competence in this area, you should: • Test and evaluate the adequacy of the accounting system as a basis for the preparation of financial statements • Investigate areas of concern • Make any necessary changes to the

• Review audit work produced and ensure that it adequately supports the audit objective • Consider if amendments to the audit programme are required to gain sufficient evidence • Discuss and resolve issues arising during the audit with the client

audit approach and the audit programme

Student Training Record


Membership Competences (continued)

UNIT B Collect evidence and evaluate risk for a statutory audit

• Evaluate any significant lack of evidence fairness of the financial statements Examples:

statutory audit

• Complete an analytical review of

• Collect audit evidence, carry out and evaluate the results of audit tests • Investigate inconsistencies or areas of concern arising from audit work • Corroborate evidence based on

• Ensure that audit papers are complete and that all significant

implications of the audit

the financial statements at the final

To gain competence in this area, you

review stage


• Summarise and evaluate errors or misstatements identified during the course of the audit • Document your opinion on the truth and fairness of the financial statements, and the information on which they are based

management representations with evidence from another source

ELEMENT 30 Advise on the findings and

Evaluate evidence collected for a


Report on the findings of the audit

• Form an opinion on the truth and


To gain competence in this area, you


• Inform the client of the audit results and opinion and discuss matters of concern with management • Prepare and retain records of management responses • Record instances where management sheds further light on matters where sufficient evidence is

ELEMENT 29 Review the performance of a statutory audit

lacking • Design and discuss a management letter

matters relating to audit judgement are documented for the attention of

To gain competence in this area, you


the reporting partner


• Attend a closing meeting with the

• Ensure that all work undertaken by Examples: • Prepare working papers that document and evaluate audit tests and conclude thereon

staff is complete and accurate • Ensure that auditing standards and current legislation are adhered to • Ensure that sufficient evidence has

• Verify the audit programme

been obtained and that there are no

• Prepare a completion memorandum

outstanding queries

audit partner and the client and prepare minutes thereon • Obtain a letter of representation • Prepare and issue a management letter ELEMENT 31 K Prepare a formal audit report



Make judgements about the truth and

• Review audit work prepared by

fairness of an organisation’s financial

other staff


• Complete the audit programme and

To gain competence in this area, you

• Complete a statutory disclosure

clear all outstanding points should: • Review the financial statements • Consider the materiality of errors or misstatements identified from the audit work performed


To gain competence in this area, you should: • Draft the audit report in accordance with current auditing standards, relevant legislation and statutory declarations • Arrange for this to be reviewed and confirmed by the audit principal • Explain the consequences of any qualification of the audit report to the client organisation


Student Training Record

Membership Competences (continued)

• Ensure that audit files adequately


• Monitor the completion of the

document the reasons for any


review programme and amend it

qualification and any relevant


where necessary

discussions before the audit report is signed Examples:

• Ensure that any organisational and UNIT A

other regulatory requirements are

Prepare for and control an internal



• Prepare an appropriately worded audit report • Prepare a working paper to discuss the issues contributing to any

through discussion with the client/ ELEMENT 32 K


Determine the scope, purpose and objectives of an internal review

qualification, and the client’s responses

• Resolve any problems as they arise

Examples: • Complete the review programme

To gain competence in this area, you should:

• Discuss major issues as they arise with the client/management

• Determine the scope and objectives of the review and the specific areas


to be reviewed

Deliver the objectives of an internal

• Establish criteria against which the


evidence will be judged • Collect any relevant background documentation • Design the review programmes and

ELEMENT 34 Obtain evidence for analysis against the objectives of an internal review

planning documentation To gain competence in this area, you Examples:


• Collect and document information

• Collect evidence to meet the

on the business environment • Produce planning documentation and audit programmes • Establish the objectives of a due diligence assignment and plan the work accordingly

objectives of the review • Investigate any areas of inconsistency or concern and document all significant findings • Corroborate management representations



Co-ordinate the delivery of evidence

• Carry out interviews with client staff

for an internal review

• Prepare documentation from site visits

To gain competence in this area, you should: • Manage staff and resources to ensure that the review outcomes

• Obtain third party evidence e.g. by performing a debtors’ circularisation • Produce systems documentation and working papers

are delivered

Student Training Record


Membership Competences (continued)




Make judgements against the


• Make arrangements for bank overdrafts or loans

objectives of an internal review UNIT A

• Prepare grant applications

To gain competence in this area, you

Monitor and maintain the

• Investigate potential financing


organisation’s working capital

options and consider alternative

• Analyse the evidence gathered


costs of financing

• Compare results with the criteria ELEMENT 37


Assess the organisation’s working

Contribute to controlling credit and

capital requirements

monitoring debt

To gain competence in this area, you




Contribute to the specification of

• Perform analytical review of

• Collect information on working

credit and debt policies and

established at the planning stage • Select appropriate areas for further investigation and collect further evidence as necessary

evidence • Prepare a summary of findings ELEMENT 36 K Report on the findings and outcomes of an internal review To gain competence in this area, you

capital requirements market trends which may affect

To gain competence in this area, you

working capital requirements


• Have adequate knowledge of the

outcomes of the review • Present the report to the client/ management

mechanisms and make

processes, customers and suppliers

recommendations for modifications

in order to make informed decisions

to existing/the introduction of new policies

Examples: • Produce a schedule of working capital requirements and timings of these requirements

• Investigate relevant market trends and organisational developments to determine their effect on future policies and mechanisms • Assess the organisation’s payments

• Ensure that the report meets the set requirements

• Evaluate existing policies and

organisation’s structure and

should: • Prepare a written report on the


• Consider current and expected



Co-ordinate the provision of working Examples:


the review • Present the report to the client/ management

Examples: • Establish credit and debt control

• Produce a final written report on To gain competence in this area, you should: • Identify assets available

policies • Evaluate and report on existing credit and debt control policies

• Deposit funds in order to gain the optimum return on capital • Phase the provision of working capital over suitable time periods as required • Identify sources of finance and prepare finance applications


Student Training Record

Membership Competences (continued)



Monitor and maintain credit control

Evaluate potential business/


investment opportunities

To gain competence in this area, you



Determine the risks and benefits

return on capital employed, debtors

• Ensure that customers are offered

associated with business/investment

and creditors days and make


recommendations on how

• Recommend ways of developing assets where appropriate Examples

credit appropriate to their level of credit worthiness and consistent with organisational policy • Ensure that customers comply with agreements • Monitor the activities of colleagues

improvements may be made To gain competence in this area, you

• Investigate the tax implications of


the current and future asset

• Evaluate the potential returns of


business/investment opportunities

to ensure that they are working

• Evaluate the risks associated with

within the limits of their stated

business/investment opportunities


• Perform ratio analysis such as the

• Analyse the need to secure finance and identify sources from which


that finance may be obtained

• Perform credit control checks on new customers • Ensure that the sales department are operating within set credit limits for specific customers • Monitor customers’ payment patterns

Examples: • Perform cost benefit analysis of potential investments • Perform value for money studies • Identify the advantages and constraints of potential corporate action (e.g. buyout, merger,

ELEMENT 41 Monitor and control the level of outstanding debt

takeover) • Evaluate potential capital investment opportunities

To gain competence in this area, you



Identify ways to optimise the use of

• Check on outstanding debt and


make arrangements for its payment • Take necessary action when

To gain competence in this area, you

agreements are not reached or


adhered to

• Consider the way that assets (cash/ current assets/fixed assets) are used


• Identify ways to optimise the use of

• Produce late payment records

these assets in the organisation

• Take action against late-paying

• Analyse trends and developments


which may affect the way that assets are used

Student Training Record


Membership Competences (continued)




Assist in the setting of business

optimise the trading position of an


targets and objectives

organisation in financial difficulty


To gain competence in this area, you


Contribute to formulating business


Contribute to developing products and

strategy and objectives

• Translate business strategy into


(Please note that this unit does not

clear targets and objectives

include controlling expenditure and

• Consult relevant personnel to

• Negotiate and agree plans to


monitoring budgets, which is covered

determine business targets and

Identify and evaluate new ideas for

in Key Area 2, Unit C)


products and services

• Use suitable performance ELEMENT 44 K Assist in formulating business strategy

measurement criteria • Communicate targets to those responsible for their achievement

To gain competence in this area, you Examples:

• Formulate recommendations for

• Set cost and expenses category targets in line with the

• Take into account any internal and

organisation’s strategy

external factors such as budget

• Communicate targets and

constraints and competitor

performance criteria to cost centre


managers or budget-holders



business or department • Produce a 5 or 10 year business plan for the organisation • For administrative receiverships, review the possible outcomes for continuing to trade or closure of the business • Provide advice to management/ clients on possible alternative exit

• Consider ways to improve the quality of service offered by the organisation • Analyse and evaluate ideas for changes to products and services

• Advise the client/management on how goods can be produced/

targets and objectives

services provided in a more costeffective way by undertaking an

To gain competence in this area, you

internal review or project

should: • Set clear operational plans so that targets can be achieved • Provide details of the resources

ELEMENT 48 Contribute to the identification of changes to products and services

required to implement the plans • Involve the relevant personnel in the development of the plans • Where necessary, make allowances for risks and contingencies

routes e.g. sale of the business, public listing etc.

new ones

Develop plans to achieve business • Formulate a 12 month strategic plan for the activities of the

• Consider ways to improve existing


• Present information in a clear and precise form, as required by users

should: products or services or to introduce

should: business strategy

To gain competence in this area, you

To gain competence in this area, you should: • Monitor the organisation’s products and services with a view to improving them

Examples: • Develop plans for the department or organisation which show how

• Evaluate the ongoing value and applicability of existing products and services

targets and objectives will be met


Student Training Record

Membership Competences (continued)

• Make recommendations for changes to products and services

• Ensure that newly defined standards are in line with organisational values and aims

Examples: • Review sales and usage figures to identify slow moving stock lines and suggest possible improvements

products, services and processes • Monitor quality achievement in products, services and processes

Examples: • Gather feedback from customers, to specify customer service standards and policies


• Constantly promote quality in

• Carry out benchmarking techniques

Examples: • Establish and monitor the criteria for meeting customer deadlines • Monitor the level of customer

Define and implement plans for the

to ascertain and measure customer

complaints and ensure that

introduction of changes to products


appropriate remedial action is taken

and services

• Monitor adherence to industry ELEMENT 51

To gain competence in this area, you

Implement and monitor customer


service standards and policies


• Reach agreement on how changes will be implemented • Plan and monitor the implementation of the changes identified • Amend plans as necessary

To gain competence in this area, you should: • Take the newly defined standards and translate them into practical action • Ensure that colleagues and service


providers understand the new

• Design plans for the phasing out of


obsolete stock or the introduction of new stock lines

Examples: • Perform a presentation at a staff


meeting to communicate new

Monitor and maintain the quality of

standards to staff

service to customers

• Provide staff training as necessary



Specify customer service standards

Promote continuous quality

and policies

improvement in products, services and processes

To gain competence in this area, you should:

To gain competence in this area, you

• Gather and analyse appropriate


data • Communicate the benefits of

• Seek feedback on the quality of service provided by the organisation

customer service standards to staff

and compare to that provided b

and colleagues

similar organisations and/or industry standards

Student Training Record


Membership Competences (continued)





• Prepare a cost benefit analysis of

Manage the system specification

different structures e.g. internal UNIT A

information systems such as off-

To gain competence in this area, you

Advise on information systems to

the-shelf packages, bespoke


meet requirements

software and external information

• Produce a project plan for the

systems such as outsourcing ELEMENT 53 K Identify information system requirements

• Report on the findings of analysis and provide recommendations • Develop a cost allocation model

installation of the system, detailing objectives and constraints • Consider project risks, resources needed, timescales and the roles and responsibilities of those

To gain competence in this area, you



Specify information systems to meet

• Evaluate the capability and

identified requirements

involved • Seek authority to implement new/ modify existing information systems

relevance of current information systems • Identify the costs and benefits of developing information systems to



Contribute to the design of

• Prepare the project plan

information systems UNIT C

meet organisationa requirements To gain competence in this area, you

Install information systems to meet




• Prepare a review of the

• Identify the requirements for

organisation’s existing information systems • Prepare a cost benefit analysis of new/modifications to information systems ELEMENT 54 Assist in establishing structures to deliver information systems

information systems and the needs


of users

Implement information systems which

• Prepare a system specification • Consider potential problems, legislative requirements; access

To gain competence in this area, you

requirements, output requirements


and ease of use

• Obtain the resources for the

• Contribute to the design of a system which balances current needs and anticipated future requirements

To gain competence in this area, you

meet requirements

• Consult with users throughout the

implementation and testing of systems • Implement and test the system in accordance with the system


design process and negotiate

specification and in co-operation

• Review the options available to

approval for the design with

with users and systems specialists

deliver information systems and

appropriate personnel

• Provide recommendations on the most appropriate structure to deliver information systems • Consider the most suitable method of allocating the costs of

• Maintain the performance of the existing systems at operating levels

consider their costs and benefits Examples: • Construct and appraise an appropriate system specification • Contribute to the design of a flexible

throughout installation and testing • Communicate the results of the system testing to the appropriate personnel

and maintainable system

information systems


Student Training Record

Membership Competences (continued)



• Implement the system


• Ensure that information given to others is clear and concise

• Produce test plans and document test results and user feedback • Prepare a report detailing the results of system testing



Develop and maintain effective and

• Give support and encouragement

ethical relationships

to junior staff • Ensure effective team working



Review and evaluate implemented

Develop and maintain effective and


information systems

ethical business relationships

Recruit and develop people

To gain competence in this area, you

To gain competence in this area, you




Identify personnel requirements and

• Review the system and gain

• Develop effective business networks

role specifications

feedback from users at regular

and maintain relationships with


clients, statutory and professional

To gain competence in this area, you



• Identify opportunities for improvements to the system • Produce timely reports on systems performance • Make recommendations for

• Ensure confidentiality of information • Demonstrate and maintain professional integrity • Refer matters outside your

improvements and take action to

responsibility to senior colleagues

rectify problems, where authorised

or external sources as appropriate

to do so

• Identify recruitment needs in terms of skills gaps and staff shortages • Consider resource constraints against the benefits of bringing in new personnel • Produce clear and concise job and personnel specifications

Examples: Examples:

• Develop good working relationships

• Produce a systems evaluation

with auditors, clients, banks,

• Report on systems performance

debtors, creditors and other external

• Recommend improvements to the


appropriate people

Examples: • Produce a job specification for a sales ledger clerk • Review staffing allocations

• Attend external business meetings ELEMENT 62

• Rectify any problems arising ELEMENT 60 M

Recruit and select teams and

Develop and maintain effective and


ethical relationships with colleagues To gain competence in this area, you To gain competence in this area, you should: • Respond to requests and offer advice to colleagues as appropriate and when necessary • Request assistance in a manner sensitive to the needs and work load of colleagues

Student Training Record

should: • Use appropriate recruitment techniques to select individuals based upon agreed selection criteria • Ensure consistency with legal and organisational requirements • Ensure equality of opportunity and record the selection process


Membership Competences (continued)

• Make recommendations on the recruitment and selection of

• Discuss your understanding of changes with relevant people


• Ensure that work methods and objectives are consistent with the organisation’s ethos and priorities,


comply with relevant legal


• Read relevant literature

requirements and optimise the use

• Review applications received for a

• Attend in-house or external

of available resources

vacant post

technical update sessions Examples:

• Sit on the interview panel ELEMENT 65 M

• Set team objectives


Demonstrate a commitment to own

Develop teams and individuals

ongoing personal and professional



Delegate activities to teams and

To gain competence in this area, you should: • Make assessments of the work of teams and individuals • Identify staff training and development needs • Identify and organise activities to meet development needs • Provide feedback to individuals and the team on their performance and development

individuals To gain competence in this area, you should:

To gain competence in this area, you

• Assess your own current level of


competence • Set yourself challenging and achievable objectives • Take responsibility for your own development • Discuss your development and

• Allocate work to meet objectives • Provide learning opportunities to team members as appropriate • Allocate work in accordance with the abilities and development needs of team members

progress with your supervisor/line manager on a regular basis

Examples: • Allocate work to team members



• Carry out staff appraisals

• Complete and discuss your Student

• Implement training plans


Training Record • Attend an appraisal and discuss


• Coach team members on specific

future objectives

ELEMENT 68 Monitor the work of others

Prioritise own ongoing personal and professional development


To gain competence in this area, you

Lead others to achieve objectives

should: • Monitor the team and individuals’

ELEMENT 64 M Maintain an awareness and


understanding of changes affecting

Identify and agree objectives and

the profession

methods to deliver required outcomes

performance against objectives • Provide feedback to the team and individuals and suggest improvements

To gain competence in this area, you

To gain competence in this area, you



• Keep up to date with changes

• Develop and agree work methods

affecting the profession • Keep a record of information gathered


• Reschedule or reallocate work to achieve objectives

and objectives with the team in


order to achieve the required

• Co-ordinate team/project meetings


• Carry out individual appraisals.

Student Training Record

Useful Addresses AUSTRALIA

ACCA Australia and New Zealand Centre Level 25 Chifley Tower 2 Chifley Square Sydney NSW 2000 tel: +61 (0)2 9747 2444 fax: +61 (0)2 9747 2403 e-mail: [email protected]


ACCA Botswana Private Bag 00225 Gaborone tel: +267 318 8756 fax: +267 318 8757 e-mail: [email protected]


ACCA Canada 55 St Clair Avenue West Suite 255 Toronto Ontario M4V 2Y7 tel: +1 416 966 2225 fax: +1 416 967 6320 e-mail: [email protected]


ACCA Ghana PO Box OS3110 Osu Accra tel: +233 (0)21 250856/7010615 fax: +233 (0)21 250857 e-mail: [email protected]


ACCA Beijing Representative Office c/o Seacron Ltd Unit 1820 Tower 2 Beijing Bright China Chang An Building No. 7 Jianguomennei Avenue Beijing 100005 tel: +86 (0)10 6526 9776 or 6522 4885/6 fax: +86 (0)10 6526 9778 e-mail: [email protected] ACCA Guangzhou Representative Office c/o Seacron Ltd Room 3211-12 Guangzhou Metro Plaza 183 Tian He Bei Road Guangzhou 510620 tel: +86 (0)20 8755 7932/3/6012 fax: +86 (0)20 8755 7935 e-mail: [email protected] ACCA Hong Kong Room 1901 19/F World Wide House 19 Des Voeux Road Central tel: +852 2524 4988 fax: +852 2868 4909 e-mail: [email protected] ACCA Shanghai Representative Office Unit G 25/F Shanghai Industrial Investment Building 18 Cao Xi North Road Xu Hui District Shanghai 200030 tel: +86 (0)21 6468 6175/6/7 fax: +86 (0)21 6468 6178 e-mail: [email protected]


ACCA Iran Representative PO Box 15745 – 1177 Tehran e-mail: [email protected]


ACCA Ireland 9 Leeson Park Dublin 6 tel: +353 (0)1 498 8900 fax: +353 (0)1 496 3615 e-mail: [email protected]


ACCA Kenya PO Box 42502 Nairobi tel: +254 (0)20 2730728/9 fax: + 254 (0)20 2730730 e-mail: [email protected]


ACCA Malaysia Sdn Bhd (473007P) 27th Floor Wisma Denmark No. 86 Jalan Ampang 50450 Kuala Lumpur tel: +60 (0)3 2713 5051 fax: +60 (0)3 2713 5052 e-mail: [email protected]


ACCA Mauritius Fon Sing Building 4th Floor 12 Edith Cavell Street Port Louis tel: +230 210 9701 fax: +230 210 9699 e-mail: [email protected]


ACCA Nepal Representative c/o P P Pradhan & Co Chartered Certified Accountants Kalimati Kha 1–13 PO Box 3242 Kathmandu tel: +977 1 4270495 fax: +977 1 4270346 e-mail: [email protected]


ACCA Oman Representative PO Box 57 Al-Harthy Complex Postal Code 118 tel: +968 571320 fax: +968 571324 e-mail: [email protected]


ACCA Pakistan 61-C Main Gulberg Main Boulevard Lahore 54660 tel: +92 (0)42 575 9129/571 4361 fax: +92 (0)42 575 9346 e-mail: [email protected] ACCA Islamabad Office Office #13 1st Floor Mohammadi Plaza 1-C Jinnah Avenue Between Sector F-6 and G-6 Blue Area Islamabad tel: +92 (0)51 287 6637/6654 fax: +92 (0)51 287 6605 e-mail: [email protected] ACCA Karachi Office 603 6th Floor Fortune Centre Block-6 PECHS Shahrah-e-Faisal Karachi tel: +92 (0)21 431 5301/438 6612 fax: +92 (0)21 438 6613 e-mail: [email protected]


ACCA Russia Representative Office Room 223 Building 1 Petrovka Street 27 103031 Moscow tel/fax: +7 095 737 5542 e-mail: [email protected]


ACCA Singapore 435 Orchard Road #12-03 Wisma Atria Singapore 238877 tel: +65 6734 8110 fax: +65 6734 2248 e-mail: [email protected]


ACCA South Africa PO Box 924 Saxonwold 2132 tel: +27 (0)11 537 1760 fax: +27 (0)11 537 1761 e-mail: [email protected]


ACCA Sri Lanka No.9 Rosmead Place Colombo 7 tel: +94 (0)1 679129/688593 fax: +94 (0)1 676599 e-mail: [email protected]


ACCA Uganda PO Box 33000 Kampala tel: +256 (0)41 251328/9 or +256 (0)31 262503 fax: +256 (0)41 251330 e-mail: [email protected]


ACCA UK 64 Finnieston Square Glasgow G3 8DT tel: +44 (0)141 582 2000 fax: + 44 (0)141 582 2222 e-mail: [email protected]


ACCA US e-mail: [email protected]

Student Training Record



ACCA Vietnam Unit 605A - 6th Floor of Saigon Trade Center 37 Ton Duc Thang Street District 1 Ho Chi Minh City tel: +84 (0)8 910 3488 fax: +84 (0)8 910 3489 e-mail: [email protected]


ACCA Zambia Postnet #135 Private Bag E835 Lusaka tel: +260 (0)1 223 810 fax: +260 (0)1 223 824 e-mail: [email protected]


ACCA Zimbabwe PO Box BE896 Belvedere Harare tel: +263 (0)4 704 798/794 474 tel/fax: +263 (0)4 704 777 e-mail: [email protected]


ACCA Asia–Pacific e-mail: [email protected]


ACCA Caribbean PO Box 5047 Newtown Port of Spain Trinidad West Indies tel: +1 868 622 3434 fax: +1 868 622 1358 e-mail: [email protected]


ACCA Central and Eastern Europe Na Prikope 9/11 110 00 Praha 1 Czech Republic tel: + 420 2 2224 0855 fax: +420 2 2423 9720 e-mail: [email protected]


ACCA East Africa PO Box 42502 Nairobi Kenya tel: +254 (0)20 2730728/9 fax: + 254 (0)20 2730730 e-mail: [email protected]


ACCA Southern Africa PO Box 924 Saxonwold 2132 South Africa tel: +27 (0)11 537 1760 fax: +27 (0)11 537 1761 e-mail: [email protected]


Student Training Record

Every effort has been made to ensure that the information in this booklet is accurate and up to date at the time of going to press. ACCA accepts no liability for inconvenience or loss caused by the publication of any out of date or inaccurate information. Any fees quoted are relevant to 2003 and are subject to change without written notification. No part of this publication may be reproduced in any format, without prior written permission of ACCA. Student Record © ACCATraining August 2003



For further information please contact ACCA Connect, our dedicated global customer service centre 64 Finnieston Square Glasgow G3 8DT United Kingdom tel: +44 (0)141 582 2000 fax: +44 (0)141 582 2222 e-mail: [email protected] PAGE 32 The Association of Chartered Certified Accountants

Student Training Record


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