[转帖]FTC Tips for June 06 Session(页 1) - 【ACCA 学习交流】 - ACCA论坛

cicpa 发表于 2006-6-21 13:03

[转帖]FTC Tips for June 06 Session

1.1 GBR Paper 1.1 Tips ¡V June 2006 SECTION A (50 %) 25 Multiple choice questions Will cover all areas of the syllabus SECTION B (50%) Longer questions ¡V will include theory and computational questions. Five compulsory questions will need to be attempted. Each question will carry between 8 and 12 marks, Preparation final accounts of a partnership/ company Correction of errors and suspense accounts Cash Flow Statements Ratios and interpretation Accounting theory, Concepts & Standards 1.2 Possible Tips for Part B Long Questions ACCA 1.2 Decision Making Marginal and Absorption Costing Profit Statements Process Costing Standard Costing Stock Control 1.3 Primary Tips: „X Role of Management/Supervisor „X Authority, responsibility and delegation „X Classical and modern theories of management „X Objective setting; performance indicators; Management by Objectives „X Individual, Groups and Team behaviour „X Motivational and Leadership Secondary Tips: „X Training and Development „X Management of Diversity/Equal Opportunities „X Effective Communication Practices ¡V Counselling „X Recruitment and Selection 2.1 Managing Information Systems „X Business strategy and IS/IT strategy „X Outsourcing „X Accounting for IS/IT costs „X Legacy systems „X Terms of reference „X Staff roles and responsibilities Designing Information Systems „X Modelling: business process model; business event model „X External design: data capture „X Invitation to tender „X Prototyping and 4GL Evaluating Information Systems „X Security: physical security; passwords; validation; encryption „X Quality; V-model „X Changeover methods „X Maintenance 2.2 Paper 2.2 ¡V Corporate & Business Law „X EC law „X Delegated legislation „X Consideration (including Pinnel's case) „X Discharge by performance „X Restraint of trade „X Remedies for breach (including liquidated damages clauses) „X Types of company „X Memorandum of Association „X Articles of Association „X Discounts & premiums „X Reductions of capital „X Debentures and charges „X Directors „X Auditors „X Minority protection „X Insolvency 2.3 Section A Corporation Tax Q1 Trading Loss relief with capital allowances & industrial buildings allowance and some calculation of chargeable gain Income Tax Q2 Adjustment of profit Trading income assessment leading to income tax and possible gains tax payable. Section B VAT Q3 Tax point VAT return - calculation of VAT payable Misdeclaration penalty CGT Q4 Capital Gains Tax Shares - bonus/rights/ takeover Rollover and Gift Relief As from June 2005 exam, the format of the exam has changed and questions 5 to 7 can now be set on any topic Overseas implication - Double tax relief Partnership with losses Employment Verses Self Employment with income tax and NIC calculations Disposal of business with capital allowances, CGT and some planning Terminal loss relief for both Sole Traders has not been examined 2.4 FMC tips for June 2006 „X Investment Appraisal; NPV to include tax and inflation, other methods of appraisal (possibly IRR) and possibly capital rationing „X Long term finance and gearing „X Working capital management, possibly to include debtors „X Budgeting „X Variance analysis ¡V possibly to include mix and yield variances 2.5 UK consolidations drafting financial statements substance interpretation including cash flow statements construction contracts 2.6 INT and GBR Tips for 2.6 (INT and UK) Corporate Governance - Role of Audit Committees Ethics - Confidentiality Internal Controls - Management Letter on Purchases/Payroll/Computer Controls Substantive Testing - Receivables (Debtors) Review/Report - Audit Work and Audit Reporting re. Going Concern Internal Audit - compared with External Audit / role in Risk Management 3.1 INT and GBR Q1. Risk assessment, risk management and audit strategy. Q2. Assurance services - prospective financial information, or reporting on non-financial information. Q3. Matters and evidence - 3 scenarios. Q4. Audit reporting - Opening balances and Comparatives. Q5. Professional and ethical matters / practice management. Q6. Current issues. 3.2 „X IHT including lifetime and death gifts and the definition of domicile „X Trusts ¡V Uses of different types of trust and the tax implications of trustees disposing of chargeable assets held in the trust. „X CGT ¡V Shares,assignment of a short lease, part disposal, gift relief, incorporation relief, reorganisations, EIS reinvestment relief, overseas aspects. „X Income tax computation including property business profits, employment income . „X National Insurance „X Income tax ¡V trading losses for a partnership on commencement/cessation of a business. „X Financial planning ¡V sources of finance, lease versus buy, investments including ISAs and pensions. „X Close companies „X Corporation tax including IBA, loss relief and group and consortium relief. 3.3 „X Contribution based decision-making „X Practical aspects of pricing policy „X Performance evaluation ¡V ROI and RI „X The learning effect „X The strategic framework ¡V specifically a question based around the examiner¡¦s recent article on ¡§Business Strategy and Performance Models¡¨ (Student Accountant ¡V April 2006) 3.4 SWOT analysis ¡V ability to determine the issues which affect the business using and internal and external focus MacFarlan/Peppard¡¦s Strategic grid ¡V possible application to a case study with the comparison of competing projects Lewins Model ¡V application of how an organisation can manage change using an unfreeze, change and refreeze approach Intranet ¡V development of a system to support internal operations Business and IS/IT alignment BPR and the implications of changing business operations E-commerce ¡V development of web sites and their impact on both business and individual customer usage 3.5 „X Ethics „X Corporate governance issues „X CSR „X Globalisation „X Marketing 3.6 IAS Section A This compulsory question will be on the preparation of consolidated accounts. The preparation of a group income statement is due, as is the translation of foreign subsidiaries and cash flow statements! Section B Share based payments Revenue Recognition Financial instruments. International issues Reporting of non financial performance e.g. Corporate Social Responsibility, sustainability reporting 3.6 GBR Section A This compulsory question will be on the preparation of consolidated accounts. The preparation of a group profit and loss account is due, as is the translation of foreign subsidiaries and cash flow statements! Section B Share based payments Revenue Recognition Financial instruments. International issues Reporting of non financial performance e.g. Corporate Social Responsibility, sustainability reporting 3.7 Section A: „X Overseas NPV: Ability to perform a basic overseas NPV/FCF calculation. Including one off cash flows, annuities and perpetuity calculations and the knowledge of the specific issues that relate to foreign direct investment. „X Risk management: Currency Risk / Interest rate risk „X Company Valuation within the context of Merger and Acquisitions: A possible question that requires a valuation under various methods like NAV, DVM, P/E Ratio and FCFs. (maybe within the context of Going Private.) Also review the share for share exchange style questions. Section B: „X Economic Value Added ¡V EVA „X Dividend Policy „X Portfolio Theory and CAPM - summary and alpha tables „X International economics ¡V I.M.F., Treasury Management. Balance of payments deficits.

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[转帖]FTC Tips for June 06 Session