Why is the Ethics and Professional Skills module being introduced?
Professional accountants need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. They must be capable of doing this in broader, more complex scenarios where integration of technical and professional skills is key. So in the Ethics and Professional Skills module - the first of its kind – you will meet a number of these real-world work scenarios to help you develop your ethical and professional skills.
What’s the structure of the Ethics and Professional Skills module?
The module is made up of 7 units. At the end of each Unit 1-6, there will be a series of assessments to embed your learning. Unit 7 is a final assessment and you’ll get a dashboard of your performance in that unit and a transcript and certificate on successful completion of the assessment. A syllabus for the Ethics and Professional Skills module is available.
How long does the new Ethics and Professional Skills module take?
The new module will take approximately 20 hours to complete. To ensure you fully benefit and develop the skills the module provides – skills employers have told us they need - the new module teaches and assesses a wide range of professional qualities essential to the workplace, including communication, commercial acumen, innovation, analysis and evaluation skills. The module has been developed to make sure it’s engaging and interactive. You’ll get lots of opportunity to respond to tasks/challenges, so your journey through it should be enjoyable as well as rewarding.
When should I complete the Ethics and Professional Skills module?
The new Ethics and Professional Skills module will also support you to exam success at Strategic Professional. To take maximum advantage of the support provided by the module, we recommend you complete it before attempting any exams at Strategic Professional, but as close as you can to the completion your Applied Skills examinations.
How does the Ethics and Professional Skills module support me in passing exams at the new Strategic Professional level?
Our new case study examination, Strategic Business Leader, will assess both technical and professional skills. The module will help you to develop and demonstrate these professional skills which you can then integrate with your technical skills in the exam. The module will introduce you to/help focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. This is very similar to the approach you’ll be required to take at P level/Strategic Professional, so it’s great preparation and support for exam success.
What are professional skills and why are these important?
Professional skills are specific skills that you generally acquire through work-place experience – for example team-working, communication, negotiation ability, etc. In the Ethics and Professional Skills module, the specific professional skills are ethics and professionalism, personal effectiveness, innovation and scepticism, commercial awareness, leadership and team working and communication skills. As a professional accountant, you’ll continue to develop these technical and professional skills through lifelong Continuing Professional Development (CPD). As a result of the changing business landscape globally, employers are looking for their professional accountants to add value early in their career. So professional accountants who have the technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. So it’s important that ACCA professional accountants are able to make an immediate impact in their workplace
Is there a pass or fail of the Ethics and Professional Skills module?
Yes. There are a series of tests throughout the module and the final unit of the module is an integrated assessment where you have to successfully complete a range of assessments based on knowledge and skills acquired throughout the module. If you don’t pass then you will get feedback and you can try again.
How much does the Ethics and Professional Skills module cost?
As part of the overall changes to the professional level of the ACCA Qualification, our pricing has been reviewed and as a result, we will be introducing a charge of £60 for the Ethics and Professional Skills module. The design of the new Ethics and Professional Skills module – which integrates ethics with the wider range of advanced professional skills – is much more extensive than the current PEM and delivers significantly more value. In our pricing for Strategic Professional, we’ve ensured that the overall cost of the ACCA Qualification will not increase significantly from today’s cost. There is no resit cost for the module – once a student has paid £60, they will be able to do the assessment multiple times. And continue to have access to the module.
If I have partially completed the current PEM, will my work be transferred to the new Ethics and Professional Skills module?
No, the Ethics and Professional Skills module is brand new. Ethics continues to be at the heart of the module - and the ACCA Qualification – but the content is new and so no credits will be available for a partially completed PEM.
Can I do the PEM and the Ethics and Professional Skills module?
Yes - if you’ve successfully completed the existing PEM, you will be able to access the Ethics and Professional Skills module. You would need to pay the one-off £60 charge.
Do I have to pay again if I fail the assessment?
No, the £60 charge is a one-off payment.
What do you get on completion?
- You will receive a Certificate of achievement. And you will also be given a personalised dashboard of your performance in Unit 7 and a transcript showing the skills you will have demonstrated throughout the module
- You’ll have completed one of the three key requirements towards ACCA membership (the others being exams and experience)
- As you work through the module, you’ll be asked to complete different tasks which you would expect to see in a real-world work scenario. You’ll be able to save these outputs in your ‘My portfolio’ section of the module. You can then use these to present to your employer - or in an interview situation - to demonstrate how you would approach and resolve these real-world scenarios. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives.