- January 6, 2019 at 9:52 pm
Apologies if this question has been asked before but does the Oxford Brooks degree qualify as CPD for the ACCA?
For example if I am to take the Oxford Brooks degree in 2019 will it therefore qualify as verifiable CPD for the ACCA?
Or is the obu degree not classed as valid CPD despite the work involved.
ThanksJanuary 7, 2019 at 10:56 am
An interesting question- unfortunately though my answer will disappoint as you cannot use the BSc degree for any ACCA CPD. The reason for this is because in order to qualify for the degree you have to have passed (or been exempted from) ACCA papers F4-F9 / their new equivalents and the average mark of these will mostly dictate your class of degree. So in effect it would be like double- counting the ACCA exams if the degree then qualified for CPD recognition.January 7, 2019 at 1:47 pm
thanks for your response! Was hoping it would be allowable as I could then claim the c500 quid (kaplan cost) from work as an expense.
ThanksFebruary 10, 2019 at 10:31 pm
Do you happen to have a link or reference to where the ACCA have stated that the OBU BSc. does not count as CPD?
As I understand it, verifiable CPD is any learning activity that:
1. Is relevant to your career.
2. You can explain how you have applied that learning to your work place.
3. You can provide evidence that the learning took place.
So provided that you can demonstrate these three criteria, which is certainly possible with the BSc., then I would be confident in claiming it as CPD. Particularly as I’ve not seen anything anywere on the ACCA site nor OBU specifically excluding it (I’m happy to stand corrected here).
I’ll concede that your exam results in the early exams count towards part of it, but you still have to write the 9,500 words for the RAP. The RAP is not part of your assessment for the ACCA qualification, ergo I maintain that it is a seperate learning activity.
@ftloose (great name), I’m certainly interested to see if you or Gillian can find anything definitive on this, but if not, then frankly I’d suggest you count it as CPD (provided you feel you can demonstrate the three criteria required of all CPD). It is certainly within the spirit of what CPD is supposed to be.
Full disclosure: I have claimed my BSc. as CPD, but have not been the subject of a review to test whether or not it was accepted as such. If I am reviewed and told that it does not count, then I shall argue my case with the ACCA.February 10, 2019 at 11:30 pm
I am from the OBU camp therefore I would not be familiar with any citation from ACCA or link where they specifically state it does not count. However I think I can provide you with the means to ascertain a definitive answer (in life it can sometimes be ill advisory to assume something unless you have established facts, so I would never advocate claiming it for CPD unless and until proven to be valid for that purpose).
I suggest that you or any interested student make contact with Jane Towers-Clarke at ACCA. As in a previous life JTC was the former BSc Applied Accounting Programme Director and is now in ACCA’s London Headquarters. If Jane cannot provide an instant answer I am sure she knows a man (or woman) who can. So rather than argue about the wording and maintain it should apply, the means exist to validate those arguments by going to the horse’s mouth so-to-speak!February 11, 2019 at 9:57 am
I would respectfully disagree that one must prove that any CPD is valid beyond the three criteria mentioned. If the ACCA have a stipulation that a given project such as the RAP, that otherwise meets those criteria, should be excluded from being CPD in any way then they should explicitly state that. If they choose not to, then they certainly have no business retrospectively censuring members who have undertaken the BSc. in good faith but then not met their annual CPD requirement as a result.
To assume something is valid based on named criteria without any statement to the contrary is in my view perfectly reasonable. The first I have seen any such statement is in your response to @ftloose, and I have sought to determine whether you have an established fact that you are basing your statement on or whether you yourself are making an assumption. I’ve found nothing on the ACCA site, nor the OBU site, but again welcome any links that anyone reading this post can find.
In life it can sometimes be good advice to let sleeping dogs lie. And until someone provides a definitive statement from the horse’s mouth that it is not valid CPD, then I have no intention of even going near the horse’s field. If the ACCA review my CPD, decide that the BSc. is not valid, and demand that I make up a shortfall they have then created, then I’ll cross that bridge when I come to it.
@ftloose, good luck with your RAP and CPD should you choose to claim it. You also may find better value Mentors out there if you have a scout around.
All the best to you both,
O.February 12, 2019 at 11:14 pm
I have no opinion on your ability as a mentor, nor have I expressed one. You have assumed I have made a personal slight against you; I have not. Please rest assured that if I had a justifiable opinion of your mentorship I would express it openly.
There is nowhere in this thread where @ftloose has indicated a wish to engage your services, nor where you have offered your services to them. On the contrary s/he has instead indicated that they are looking to use Kaplan at a cost of c.£500. The mentor I used was less than this, and you yourself have a lower fee too. Hence, they may find better value Mentors if they have a scout around.
I would also note that I signed off my post by wishing both of you the best, and I meant that sincerely. I have only respectfully disagreed with you; I bear you no ill will.
However in the interests of open expression, I am disappointed in the manner in which you have engaged with me in this thread. I humbly asked you for evidence for advice you stated as fact, and in response you provided none while criticising me for my assumptions. I have made an assumption in the absence of evidence to the contrary (with adequate justification, I feel), when you have made an assumption to the contrary in the absence of evidence. I would hope you accept that as fair criticism as it is intended, and not as a slight.
Congratulations on your full P38 quota, and good luck to all of you.
All the best,
O.February 13, 2019 at 10:57 am
I am sorry -I misread your post and thought you were having a side-swipe at me (as others have). Once I recognised the error I removed my post and am now making this public apology (as do newspapers when they fall foul of the standards expected).
Yes you are right a mentoring fee of GBP500 takes some justification if it is not to be viewed as exploitation!
I actually have made it a policy by introducing an ‘Early Bird’ rate to try to make my fees as affordable as possible. I was both saddened but heartened by a comment from a resubmitting African student who told me he had had to work all month to get together the GBP245 I was charging for mentoring (a sobering thought for those of us who might blow half this amount on a single night out !). He is probably not alone but my rates mean I am not precluding a large group of students and about half of my quota are from we patronising term ‘the developing nations’
I know from my marking days, pass rates in some parts of the world are often low and the need for affordable good mentorship is high. Brookes offers some help in cases of extreme hardship but the likes of Kaplan and other UK mentors could do more on this front and use the excess fees charged to subsidise some keen and able students who are excluded merely on the grounds of inability to pay.
However I will get off my soapbox now and I apologise again for misconstruing your earlier comment
GillianFebruary 13, 2019 at 3:51 pm
Thank you for your message; it is easy for written communication to be misconstrued. I was unaware that you have experienced such behaviour already. It is easy to see now why you would be on alert for it.
You raise an interesting point with regard to mentoring fees. There is a fine balance between charging a fair rate for your time (as well as covering hosting, advertising and site fees etc.) and keeping it affordable for students from less affluent backgrounds. I would think you probably have the best possible balance.
I’m not sure if you are aware of a chap called Sam Harris. He is an author and public figure who has been increasingly offering talks/apps/podcasts etc. with what he deems a fair charge for the content. But with all of his IP, if you are genuinely unable to afford it, he will provide it to you for free. It’s an interesting business model in a time when people are used to free content in some contexts (online news, podcasts etc.) but are happy to pay in others (Netflix, NowTV etc.). Of course, it’s a little easier for him to do that now he is established and presumably affluent enough to afford it.
Still I thought it was an interesting parallel to your concerns over the affordability of mentoring services. Perhaps more mentors in the market will drive down prices.
All the best,
O.March 6, 2019 at 10:25 pm
I haven’t read all of the comments above but I called the ACCA last week and asked this question and they said that completion of the RAP fulfils your VERIFIABLE CPD requirement for TWO years!
Hope this helps!March 6, 2019 at 10:29 pm
I’m also hoping my employer will pay as it counts as two years worth it is actually not too expensive! My course has cost £575 for 3 meetings and actually they ‘aren’t allowed’ to even really help just point me to places and give ambiguous answers!March 11, 2019 at 10:48 pm
That is both excellent and interesting news. I estimated my RAP at 36 hours or so, and along with some other CPD I’d already done had 42 hours for 2018, therefore essentially fulfilling my requirement for 2019 too.
Whilst your mentor sounds expensive, it is true that they are not really able to give you answers. They are a mentor, not a tutor, and their job is to challenge and question your assumptions; rather than tell you the direction to go in, ask you why you chose that direction over others etc.
It can be frustrating while you are going through the process, but ultimately it ensures that it is all your own work, and it will be your achievement.
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