The launch of ACCA’s new Ethics and Professional Skills Module is another world first for ACCA – no other professional body offers a module like it. It focuses on developing the complete range of ethical and professional skills employers told ACCA they need and is:
a module made up of seven units which ends with a self-reflection assessment, to be completed online
incorporates real business scenarios that a professional accountant is likely to face
is one of three components which make up the ACCA Qualification (the others being exams and experience)
costs £60 to complete – while this charge is new, the total price of the ACCA Qualification remains the same for students. ACCA members can sit the module for free.
What the module covers
Comprising seven interactive units, the module covers:
Ethics and professionalism – an introduction to the broad ethical and professional values which underpin all the other professional skills and behaviours which are explored in the module. These values provide a framework for you, the professional accountant, to guide your behaviours in demonstrating the more specific professional skills you’ll cover.
Personal effectiveness – ways to maximise the quantity and quality of your work output and how you communicate and interact with others. And ensuring you make the most of the resources available to you.
Innovation and scepticism – understanding how to encourage open mindedness and innovative thinking to create or suggest imaginative solutions to problems. All within the context of suitability, feasibility and acceptability – and at the same time recognising the limitations of solutions and any problems with their implementation.
Commercial awareness, analysis, evaluation and problem solving – improving your ability to view situations from a commercial or business perspective, considering factors that influence the success of a business. And an understanding of the business processes, relationships, risks and costs.
Leadership and team-working – getting to know more about different type of leadership approaches and traits which can be adopted or adapted at any level of the organisation. And how effective leadership involves inspiring, motivating and supporting teams to work effectively and efficiently, delivering value for their organisations.
Communication skills – understanding more about how to communicate effectively with others in a business environment, including clients, customers, colleagues and external authorities. And how effective these are in different contexts and recognising the appropriate methods and skills involved in advising, supporting, motivating and influencing others.
The seventh unit is a comprehensive and interactive assessment where you are presented with a series of video clips or other media about a situation based on the learnings from units 1-6. You’ll take on the role of a professional accountant and face challenges which you have to identify and explore. And then you’ll be asked to provide solutions and effective ways of delivering these to ensure the best possible outcome for the business.
It takes 20 hours to complete the module and you are awarded a certificate on completion.
As with the previous Professional Ethics Module, ACCA members are able to access the new module as part of their membership benefits with ACCA. Members can self-assess how many units of CPD are appropriate for their learning, up to a maximum of seven units.
While ACCA members have already completed the ethics requirements of membership, this is a good opportunity for you to refresh your knowledge and understanding. Members do not need to complete the entire module, but must complete the first unit to be able to access the following five units and the assessment.