London College

of Accountancy
Quality Flexibility Affordability

Acca Courses CAT COURSES Top Up UNDERGRADUATE

FULL-TIME / PART-TIME FULL-TIME your ACCA with an MSc & POSTGRADUATE
from £150 per paper from £210 per paper or MBA from £1500 COURSES
Jan - Mar - Jul - Sept Jan - Mar - Jul - Sept Jan - Apr - June - Sept

Our exclusive lecturing team

Ravi Gill Steve Lumby Doug Beardon David Benjamin Michael Mainwaring Dave Sexton Fred Keer
FCCA BA, MSc MA, LL.M, FCA, FCCA, AIIT FCCA BA, MBA, MSc MSc, CPFA, FHEA BA, MSc

LCAAdvertProof.indd 1 15/12/09 23:09:55

 ACCREDITED BY ACCA COLLEGE OF THE YEAR 2009
TO RUN INTERNALLY
ACCA & CAT ACCA FULL TIME College
ASSESSED COURSES
Registration Introduce a friend of the year
(F1, F2, F3 PAPERS)
5-7 Jan 2010 and get up to 25% off 2009

Our
exclusive
lecturing
team Ravi Gill
FCCA
Doug Beardon
MA, LL.M, FCA, FCCA, AIIT
David Benjamin
FCCA
Nigel Grant
BSc, FCCA, PGCE

Geoff Hughes Feroz Kassam-Kanji Peter Keeling Fred Keer Steve Lumby
BA, FCA, FCCA BSc, FCCA BSc, FCA BA, MSc BA, MSc

MBA MSc ACCESS COURSES BA (HONS)

International
Michael Mainwaring INTERNATIONAL
Tony Mock from £750 -
Dianne Ramdeen Dave Sexton £1600 per semester
Naraine Singh
from £5400
BA, MBA, MSc - ACCOUNTING
BSc, FCA ACCA 3, 6 months MSc, CPFA, FHEA 24, 36 monthsLLB, Cert Ed, Barrister
12, 18, 24 months £1500 - 6, 9, 12 months
200 Great Dover Street, London SE1 4YB T: +44 (0)20 7407 1119
F: +44 (0)20 7407 1004 E: info@londoncollege.org www.londoncollege.org
For more W www.londoncollege.org T +44 (0)20 7407 1119 F +44 (0)20 7407 1004
information
sessed courses for all Knowledge module papers
E info@londoncollege.org 200 Great Dover Street, London SE1 4YB

OURSES F1, F2, F3 Papers

Geoff Hughes Nigel Grant Tony Mock Dianne Ramdeen Feroz Kassam-Kanji Peter Keeling Naraine Singh
BA, FCA BSc, FCCA, PGCE BSc, FCA ACCA BSc, FCCA BSc, FCA LLB, Cert Ed, Barrister

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4 CONTENTS

DISPATCH
06 GRAPHIC NEWS Accounting fraud, tax index, and
green commitment
08 JOBS NEWS Jobs news from around the world
10 NEWS ROUNDUP Global accounting and finance news

FEATURES
21 FOCUS ON: RUSSIA We look at how
trainees are fairing in Russia, ACCA’s fastest
growing market
26 TOGETHER WE’RE STRONGER
You can benefit from the wide range
of support offered by colleagues,
employers, study groups, online
communities, tutors, mentors, and
even family members
30 10 OUT OF 10,000
2010 sees the number of
OBU graduates reach
over 10,000. Student
Accountant speaks
to 10 of the newest
graduates to find out
what made them aim for
the degree and why they
would recommend it to
ACCA students
33 MEDAL WINNERS’ ADVICE
Why did the June 2009 medal
winners choose ACCA?

LEARNING CENTRE
14 COVER LETTER MISTAKES How to avoid them 18 WHAT IT’S LIKE TO WORK AT BP Pakistan Exploration
17 TALKING TECHNOLOGY Upgrade or not upgrade? 20 STUDENT IN ZAMBIA Clara Yamba

SERVICES DIRECTORY DOWNLOAD ARTICLE PDFS

Click here to find out about the services offered Wherever you see the download icon , click on it
by ACCA Approved Learning Partners and to download a PDF file of the article which can be
subscribers to the ACCA Tuition Provider directory read offline and printed off to help you with your studies
 Welcome to ISSUE 01/2010 of STUDENT ACCOUNTANT
Brendan Murtagh
Please email studentaccountant@accaglobal.com with your feedback on this issue President
Mark Gold
Deputy President
Dean Westcott
Vice President
Helen Brand
TECHNICAL Chief Executive

EDITORIAL TEAM
35 TECHNICAL Victoria Morgan
ARTICLES Editor
THE DIFFERENCE Jamie Ambler
BETWEEN F2 AND F5 Editorial Consultant
ACCA Qualification
Papers F2 and F5 Jackie Dollar
Art Editor
THE SUPREME COURT
ACCA Qualification Richard Gooding
Paper F4 (ENG) Designer

CORPORATION TAX Rhian Lewis

AND GROUPS PART 1: Editorial Executive
GROUP RELIEF
ACCA Qualification WWW.ACCAGLOBAL.COM
Paper P6 (UK) Glen Patterson
LIMITING FACTOR Online Editor
ANALYSIS – PART 1
CAT Paper 4 29 Lincoln’s Inn Fields London
WC2A 3EE
FOCUS ON PER United Kingdom
Performance tel: +44 (0)20 7059 5700
objective 11 email: info@accaglobal.com
36 TECHNICAL www.accaglobal.com
ARTICLE ARCHIVE All
ACCA and CAT papers PUBLISHING AND ADVERTISING
All technical content Adam Williams
from Student Head of Publishing
Accountant is on Anthony Kay
ACCA’s website at Production Manager
www.accaglobal.com/
students For all advertising-related matters please
Answers to frequently contact Lisa Peake:
asked questions about tel: +44 (0)20 7902 1224
ACCA’s qualifications email: lisa@educate-direct.com
can be found at
www.accaglobal.com/ Published by the Certified Accountants
learningproviders/ Educational Trust in cooperation
tuition_provider/faq with ACCA.

The Council of ACCA and the publishers

do not guarantee the accuracy of
statements made by contributors or
RESOURCES advertisers, or accept any responsibility
for any statement which they may make in
this publication.
40 NOTICEBOARD
ESSENTIAL No part of this publication may be
INFORMATION ABOUT reproduced, stored in a retrieval system,
ACCA AND YOUR or transmitted in any form or by any means,
STUDIES Exam results, electronic, mechanical, photocopying
exam timetables or otherwise, without prior written
INTERACTIVE and information for permission of the publishers. © CAET 2010
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