12 May IF YOU WANT TO USE ADVANCED STATISTICAL TECHNIQUES, THEN DO YOU REALLY UNDERSTAND HOW TO APPLY THEM AND TO EXPLAIN THE OUTPUT IN BUSINESS TERMS?
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the RAP provides you with the opportunity to demonstrate the
remaining graduate level attributes necessary for the award of the BSc degree.
Please read the RAP learning outcomes and assessment criteria carefully before you
start your RAP work. This will help you understand what is expected of an ACCA
student who wishes to submit a RAP to Oxford Brookes University.
You should understand that your research work and preparation of the RAP is
covered by the Oxford Brookes University academic regulations. This includes the
University’s regulations on cheating which can be found on the ACCA and OBU
websites. If an ACCA student or member is found guilty of breaching these
regulations this could lead to permanent expulsion from Oxford Brookes University
and disciplinary action by ACCA.
In particular, your submitted RAP must be your own work and your research must
have been undertaken specifically for the RAP. You cannot take a workplace
research or consultancy report and adapt it for your RAP. Neither can you submit a
piece of research work that has previously been submitted to another educational
institution for a different academic award.
The RAP is very different to an ACCA written exam. You have many choices to
make in order to produce a good quality RAP. You have to choose which
organisation to study, what you want to find out, which information sources you will
use and how to present your research findings. Each RAP is different and there is no
‘model’ answer to your project objectives. Your research findings may depend on
how you collect and analyse information, and your findings may not be wholly
definitive. Your conclusions may be unexpected or not what you might have
anticipated before starting the RAP work. This is the nature of applied research.
In order to produce a successful RAP you have to evaluate and / or analyse
information from a range of sources. This means creating some meaning of what
you have found, or making a judgment or coming to a conclusion. If you only report
the information that you have found or generated, you will not pass the RAP. The
ability to evaluate and / or analyse information is a very important graduate attribute
and the grade that you are awarded for your RAP will be significantly influenced by
‘how well’ you demonstrate your evaluative and/or analytical skills in your RAP.
You may be one of the many ACCA students whose overall class of BSc degree will
not be directly affected by the grade awarded to your RAP (provided you pass).
However, a good performance in the RAP will demonstrate to your family, friends,
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colleagues, tutors and employers that you are capable of undertaking good quality
research. If your ACCA average mark puts you in a position where achieving a high
grade in the RAP will gain you a higher class of degree, then you must aim for your
first project submission to be the highest quality research work of which you are
capable. You cannot resubmit a passed RAP and the RAP grade will be capped for
a resubmitted Research Report that originally failed.
Your RAP will focus on accounting and / or business issues within an organisation. It
is very important to remember that the reported financial performance of an
organisation – whether in the private or public sector – is the outcome of the
organisation’s business activities. A private sector company usually competes
against other companies to sell its goods and services and its success in doing so is
reflected in the company’s financial statements and financial performance indicators.
Therefore in order to explain why a company’s financial performance has changed,
you must look into the company’s business environment and identify those actions
taken by the company, its competitors, government etc. which have led to changes in
the company’s business performance. To understand change, you may need to look
outside of the organisation chosen for your RAP.
The remaining sections of the RAP Preparation Guide provide further guidance on
the preparation of your Research Report and your Skills and Learning Statement.
However, there some other general issues that you should think about before starting
your RAP work:
ACCA Qualification syllabus. The RAP is an opportunity for you to apply
some of your learning from your ACCA exams. You may have to develop this
learning in more depth to prepare a high quality RAP and this will enhance
your knowledge and skills in accounting and business.
what to do for your RAP. If you prefer financial accounting to management
accounting, then would it be better to choose a RAP topic which is based on
financial reporting? Or do you want to improve your knowledge and skills in
your weak areas? If you want to use advanced statistical techniques, then do
you really understand how to apply them and to explain the output in business
terms?
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