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Can anyone advice on the expiring date (7 years rules) which will be applicable for the new Strategic Business Leader paper.
Acca will grant us 7 years time limit on September 2018 assuming that we have already passed both P1 and P3
My expiry date for p1 is June 2019 and p3 is December 2024. it implies that after June 2019 if I have not completed my acca I will have to take the paper strategic Business Leader?
Then what happened to my p3 which expiry date is December 2024?
I think it will be fair enough if we are granted 7 years on the conversation of the paper on September 2018. This is quite confusing. I have even called ACCA from here yesterday and the operator was not able to help me. she said she will revert on the matter after contacting ACCA head office.
I passed both but my P1 paper expires in June 2019. I wonder if I will lose the converted paper in case I have not been able to complete all the remaining papers in level 3 by June 2019.
They are merging 2 papers to make 1 paper. Implying that the 7 time limit rule should take into consideration both papers expiry dates and not only one.
This issue is not clear in my mind either.I found information in the following link about getting a converted pass in New paper-
https://future.accaglobal.com/changes-to-the-qualification/what-do-the-changes-mean-for-me/strategic-professional
The information,however, is not unambiguous and Its not clear whether people in your position (and mine but with different dates) will keep the converted pass till June 2025 exam session,allowing them to complete remaining papers till this session inclusively or whether converted pass will be revoked if one of two previous required passes becomes over seven years old.This issue is not clear in my mind either.I found information in the following link about getting a converted pass in New paper-
https://future.accaglobal.com/changes-to-the-qualification/what-do-the-changes-mean-for-me/strategic-professional
The information,however, is not unambiguous and Its not clear whether people in your position (and mine but with different dates) will keep the converted pass till June 2025 exam session,allowing them to complete remaining papers till this session inclusively or whether converted pass will be revoked if one of two previous required passes becomes over seven years old.They are merging 2 papers to make 1.
It would be fair enough to retake the paper SBL when both expired.
Or exempted paper should not have time limit because both papers will not exist in the future.
Or It would be more appropriate if on conversion date September 2018, 7 years are granted. All these I am suggesting don’t know acca decision on the matter.
I sent an email to ACCA for explanation they could only say that after September 2018 both papers will be converted to 1 paper.
I have resent an another email hope to get a straight forward ans.
7 year rule still applies to Strategic Business Leader (SBL) – After the conversion to SBL this paper will take the expiry of the most recently passed P1 or P3 paper. The paper expire for me in December 2024.
In my opinion based on past conversion year i.e. 2007 on all papers together expired in December 2017. with the same token the papers P1 & P3 converted to the new paper (Strategic Business Leader (SBL) in September 2018. Not only these papers but also all other papers in professional lave will start their new life from that date on i.e. September 2018 and will expired on June 2025. Hope that would be happen to all of us in P’s.
7 years rule applies for all papers from date we passed it as per my understanding.
As confirmed by ACCA only for SBL the expiry date will be the most recently passed paper either p1 or p3 which in my opinion is fair enough as they are merging two papers to create a new one therefore both need to expiry which implies the most recently passed need to expire to lose the converted SBL.
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