Performance Objectives

Performance Objectives: Relevant for Papers P1 to P7 and Practical Experience Requirement

In order to qualify as an ACCA, a candidate needs to complete the practical experience requirement ("PER") in addition to passing the exams and completing the professional ethics module.

Performance Objectives ("POs") are ACCA's indicators of effective performance in the workplace. They establish the standards that you are expected to demonstrate. Go to http://www.accaglobal.com/students/acca/per/objectives to view the 9 essential and 11 optional POs under PER.


Then go to http://www.accaglobal.com/documents/examPERLink.pdf to view a summary of the links between the exams and the individual POs. Thus, if you are preparing for Paper P1 Professional Accountant (and all other papers since professionalism, ethics and governance are tested throughout the Professional Level), you may wish to read:
PO1: Demonstrate the application of professional ethics, values and judgement.
You must be fully aware of the ethics, values and standards that apply to you as a professional and make their application a consistent feature in all aspects of your work. This will include taking personal responsibility for your actions and decision making. You must both act and be seen to act ethically and with the utmost integrity.
PO2: Contribute to the effective governance of an organization
You will contribute to the effective governance of an organization by providing support and information which will enable the organization requested by senior management and/or decision making bodies in your organization. You must also ensure that the work carried out in your area of responsibility is in line with your organization's policies and procedures.
PO3: Raise awareness of non-financial risk
In your work, you will take steps to identify any potential risks, including the probability of their occurrence and the likely consequences. Dealing with identified risks may include informing others of the risks identified and deciding how the risk will be managed. You must be risk aware, but at the same time not afraid to take decisions and undertake activities which involve levels of risk which have been assessed as acceptable.
Student Accountant discussed PO1 in the May 2009 issue and PO2 & PO3 in the June/July 2009 issue.

P2 is linked to PO10 & PO11, P3 to PO7, PO8 & PO9, P4 to PO15 & PO16 and P5 to PO8, PO12, PO13 & PO14, P6 to PO19 & PO20 and P7 to PO17 & PO18.(Note PO8 is linked to both P3 and P5).
Student Accountant discussed PO7 & PO8 in the August 2009 issue, PO9 in the September issue and PO10 in the October issue. The digital issues can be read at http://studentaccountant.digitaleditions.co.uk/sept09/ .

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