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Hi all,
I’m in the process of filling up my PER.
The way it works is you need to claim the 5 essentials and then at least 4 Technical objectives. Those technicals would be from objective 6 to objective 22, that’s 17 in total. They are grouped in 7 categories: Corporate & Business Reporting, Financial Management, Management Accounting, Taxation, Audit and Assurance, Advisory and consultancy and Data,digital and Technology.
My question is: Do you have to choose 4 areas and complete all the objectives under each area? Or can you pick 4 objectives from different categories?
It seems to me that claiming only 4 out of 17 technical objectives is “too easy” for ACCA standards.
Also, so far I’ve done two years in practice and two in industry. I”m going to submit some objectives to my supervisor in practice first. Does it mean that if he approves them I need to pick different ones for my supervisor in industry?
Thanks to all who read this and any advise or view that can shed some light is welcome!!!
The 4 optional objectives may be from any category. It”s just 4 objectives, not all objectives from 4 categories.
I’d say it depends on what work you have done whether it’s too easy or not. If you have worked in practice then it is likely you covered a wide variety of work and will find it easy to cover 4 different objectives. I personally find the PER is quite geared towards the traditional practice work and doesn’t reflect the diversity of roles in a modern finance department.
I worked in the same company in industry in a financial accounting role for nearly 3 years, and found it impossible to cover 4 different optional objectives fully within the that role. There was quite a lot of work I did which didn’t fit into the neat little boxes prescribed by the PER framework. I ended up having to move to a management accounting role in order to finish my PER. That was before the addition of the consultancy and data objectives though, which might have helped.
As for your second question, each objective only has to be signed off once, by one supervisor. So you would only get your second supervisor to sign off objectives your first supervisor didn’t. Once you have your 5 mandatory and 4 options signed off then you’re finished with that part of PER.
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