Five myths about ACCA's Performance Objectives

Many ACCA students focus on their exams progress. In the same time, the employers are keen on their knowledge gained from exams, ethical behaviour and practical experience.

Thus, do not forget about your Ethics module and PER. It makes your value as a professional higher and your chances to get an attractive job offer increase significantly.

ACCA analysed the students' contacts via ACCA Connect and found five myths about Practical Experience Requirements (PER).

Myth #1 "All I need to achieve a PO is to tick right box"

There are three challenge questions for any PO and no any prescribed right or wrong answer. You should describe your own situation (up to 500 words), then your experience gained (up to 500 words) and possible impact if you had not behaved ethically in this situation (up to 500 words).

Myth #2 "I don't need to prove experience - once, I've passed exams, I am ACCA member"

Exams are only part of the story. You need to apply the knowledge gained from exams in the workplace. Exams, ethics and experience are all needed for ACCA membership.

ACCA approved employers in Ukraine

• List of Ukrainian companies which offer unique career and development opportunities for their employees - members of ACCA:

• Ukraine International Airlines (Kiev.Ukraine)
• Wrigley Ukraine (Kiev.Ukraine)
• Bank Renaissance Capital (Kiev.Ukraine)
• Suntrade S.E. (Kiev.Ukraine)
• Interpipe (Kiev.Ukraine)
• Kyivstar GSM (Kiev.Ukraine)
• BDO, LLC (Dnepropetrovsk.Ukraine)

Related and correlated risks - ACCA P1 June 2013

To be honest, I missed this theme when I prepared for P1 June 2013. Reading the opentuition forum I discovered that the same question was in past paper P1 June 2011. Unfortunately, I didn't pratice all past papers. My knowledge of statistics helped me to find the right answer.

Related and correlated risks 

Question 1, part a), 10 marks (18 minutes)

Briefly explain ‘related’ and ‘correlated’ risks. Explore the correlation between legal risk and reputation risk for Hoppo if it were to cancel its contract with Red Co.


Related risks are the risk which vary because of the presence of another risk. They do not exist independently.

Correlated risks is a particular example of related risks.
Risks are positively correlated, if the one rises, then the another also rises and vice versa. That means they vary in the same direction.
Risks are negatively correlated, if the one rises, then the another falls and vice versa. That means they vary in opposite direction.

Статистика на образовательном проекте Coursera

Доброе утро, мир!

Сегодня статистика просмотров показала 500, и это прекрасно )))

Но речь пойдет сегодня о курсе статистики "Statistics: making sense a data", который был предложен University of Toronto на сайте Coursera. Курс ведут Alison Gibbs, PhD, senior lecturer и Jeffrey Rosenthal, PhD, professor, автор канадского бестселлера Struck by Lightning: The Curious World of Probabilities (Удар молнии: загадочный мир вероятностей).

Курс разделен на 8 недель, включает видеолекции, тесты в лекциях, 7 еженедельных тестов и 2 оценивания одногрупниками (peer assessment). Предложены учебники для самостоятельного изучения:

• OpenIntro Statistics, by David M. Diez, Christopher D. Barr, and Mine Cetinkaya-Rundel
• Online Statistics Education, by David M. Lane, David Scott, Mikki Hebi, Rudy Guerra, Dan Osherson, and Heidi Zimmer
• HyperStat Online, by David M. Lane
• StatPrimer, by B. Burt Gerstman