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标题: ACCA EXAM TIPS [打印本页]

作者: smartpants    时间: 2016-4-22 14:54     标题: ACCA EXAM TIPS

OpenTuition exam tips  Tips for ACCA F1 – F3No exam tips available – Multiple choice questions cover entire syllabus
Tips for ACCA F4 Corporate and Business Law (Eng)1 Supreme Court article in January Student Accountant  or /ratio/obiter/reversing (June 05)
2 Meetings and resolutions – special resolution, special notice, special business (Dec 08)
3 Company secretary (June 05) or difference between executive and non-executive directors (June 08)
4 Debentures – ( fixed and floating ) (June 04) or comparison of debentures with shares (June 08)
5 Agent authority (Dec 01)
6 Employment law – explanation of unfair and wrongful dismissal  (Dec 07/ Dec 08) or difference between employed and self-employed (June 08)
7 Tort and remoteness of damage (Dec 07)
8 Usual question 8 – contract law with invitation, offer, counter-offer, option period, breach – advise the parties
9 Partnership  / liability of partners (June 08) / (Dec 08)
10 Insider dealing (June 09) or Money laundering (Dec 05)
Tips for ACCA Paper F5 “Performance Management”ABC
Linear Programming or Decision Theory
Budgeting written + flexed
Mix & Yield variances
Divisional + transfer pricing
Tips for ACCA Paper F6 “Taxation” (UK)F6 is very predictable so no tips as such
Practise as many exam standard questions as you can.
Make sure you do to time. After the 15 minute reading time you have 1.8 minutes per mark. If a question is split between part (a) 10 marks and part (b) 10 marks then only spend 18 minutes on part (a) and then move on to part (b).
Look at all the requirements of the question, can you answer an easy parts first, for example one part maybe standalone and on something very straightforward, so do this part first
You do not have to answer the questions in the order they are set, if question 5 is the easiest do this one first.
Question 3 will be the hardest so leave this until last but make sure you leave 36 minutes to answer it.
Do not panic if you can’t remember something in a question, don’t spend too much time trying to remember it, have a go or even guess. Then you can move on to other parts of the question.
Above all you need 50% to pass, so find the marks you can do. There will always be more than 50% of the question which is examining core areas of the syllabus, only a few marks will be fringe areas, but you do not have to worry about these as you can find the 50 marks you need to pass
Tips for ACCA F7 Financial Reporting (INT)1 Consolidated Statements of Income and financial Position with subsidiary and associate
2 Preparation of a company’s financial statements from an adjusted trial balance
3 Report on a company’s performance including ratio calculations. Maybe with a relatively straight forward cash flow
4 Construction contracts
5 IAS 8 on prior year adjustments and changes in accounting policies
Tips for ACCA Paper F8 Audit and Assurance (INT)Sales system/receivables, including audit planning.
CAAT
Analytical procedures
Reasons for qualifying – Clarity statement
Events after the period end
Ethics and risk/client acceptanc
Tips for ACCA Paper F9 Financial ManagementWACC / NPV / IRR
Debtors Management / EOQ / overtrading
Business Valuation etc (Q54)
Foreign exchange risk
Tips for ACCA P1 Professional Accountant1) Something to do with External and Internal Actors – Student Accountant Article from August 2009 . Scenario involving chair who is also chief exec, too few neds, domination by one person and ineffective other board members. Role of Corporate Governance and critical commentary about why this company fails and how it could improve. 5 marks worth of definition about transparency and integrity
2) Report ( or memo ) requiring identification of business risks and recommendations of how to best manage those risks
3) Role, function and responsibilities of internal auditors and maybe a comparison with external auditors
4) Scenario question with some very questionable ethical activities – maybe incorporating problems for both directors and auditors
Tips for Paper P2 June 2010 examsQ1 Foreign Consolidation, such as the questions Memo, Ejay and Rybi from the Revision Kit
Q2 & 3  Multiple IAS Questions (with multiple parts in a question testing various IASs: Revenue. Earnings per share, Contingencies, Share based payments, Financial Liabilities)
Q4 Recent IFRS for small and medium enterprises (May Student Accountant article)
Tips for ACCA Paper P3 Business AnalysisPESTEL/SWOT/BCG
Quality – CMMI
E-business/e-commerce/e-marketing
Ashridge portfolio display matrix
Prahalad and Hamel – (resource-based v position-based strategy)
Tips for Paper P4 Advanced Financial Management1 Big NPV involving calculation of WACC using CAPM (gearing and ungearing betas), possibly a foreign investment needing forecasting of exchange rates,
2 Financial appraisal of a business (from sets of accounts) and calculation of Z-score (in which case formula will be given)
Section B:
3 Foreign exchange risk – futures and options
4 Either interest rate risk (futures and options), or possibly Option Pricing (share options and delta hedge)
5 Written question – impossible to guess, but possibly – “Quantitative easing”. What is it? Why do it? Risk involved in doing it?
Tips for Paper P5 Advanced Performance ManagementA
1) Financial & Non-Financial Performances Measures (Including Preparation of Budget/Actual Profit Statement)
2) Learning Curves / Target Costing
B
3) Residual Income / Return on Investment / Economic Value Added
4) Written question on problems with Budgets / Behavioral Aspects
5) Decision Making and Probabilities
Tips for ACCA P7 Advanced Audit and Assurance (INT)Q1 Audit risk ( 12/02, 6/03, 6/04 )
Q2 “Matters to consider and evidence you would expect to find / audit tests to be performed” ( 12/01, 6/02, 12/03, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08 )
Q3 Going concern – Article from March Student Accountant ( 6/02, 12/08 )
Q4 Ethics ( Pilot paper, 6/02, 6/03, 6/04, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08, 6/09 )
Q5 Audit reports including environmental issues, groups (Pilot paper ) and key performance indicators ( 12/08 )
Probable that “Clarity Project” will be in the exam somewhere, either directly or indirectly.
作者: SkipE99    时间: 2016-4-22 14:56

Paper P5
?        Scope of strategic performance measures in the private sector. Analysis of financial and non-financial performance; this could include the use of activity-based approaches or learning curves, and strategies to improve performance.
?        Divisional performance and transfer pricing issues. ROI, RI , EVA or even ABC could feature here; transfer pricing could feature as an aspect of these questions.
?        Problems with budgeting. Budgeting has been a favourite essay question with your examiner, especially an awareness of the problems of budgeting but was largely unexamined in 2009.
?        Alternative views of performance measurement. The examiner often includes a question to evaluate an organisation against an established theoretical model. The balanced scorecard, performance pyramid and building blocks have all appeared in previous exams.
?        Performance hierarchy. Linking strategic decisions to mission statements or suggesting strategic options using models such as Ansoff’s matrix or the BCG matrix lend themselves to questions containing a mixture of financial and discursive elements that could easily include a simple NPV or profit analysis.
Paper P6
Income tax:
?        Pension contributions – tax relief
?        EIS/VCT schemes
?        Income tax losses
?        Accrued income scheme
?        Personal service companies
?        Termination payments
?        Share schemes
?        Overseas aspects for individuals
Capital gains tax:
?        Small part disposal of land
?        Takeover/reorganisations
?        EIS reinvestment relief
?        Damaged/destroyed assets
?        Leases/wasting assets
Inheritance tax:
?        Death estate, treatment of lifetime gifts
?        Quick succession relief
?        Gifts with reservation of benefit
?        Variation of will
?        Payment of IHT
?        IHT implications of transferring property into a trust
Corporation tax:
?        Research and development
?        Intangible assets
?        Liquidation/winding up
?        Consortium relief
Value added tax:
VAT groups
?        Imports/exports
?        Partial exemption
?        Treatment of VAT on disposal of buildings Ethics

Paper P7
?        A risk-based and/or planning scenario in the compulsory section
?        Questions based on articles published in Student Accountant in the past six months - such as the article on Going Concern from February 2010
?        A number of requirements asking for audit procedures and required evidence in respect of specific financial reporting issues
?        A practice-based scenario looking at professional, ethical and quality control issues
?        A reporting scenario of some sort - probably testing either emphasis of matter or other matter paragraphs
?        Legal and regulatory issues affecting assurance providers, especially in the context of firms’ professional liability and the UK Companies Act 2006
?        Specific procedures for obtaining evidence (such as analytical procedures and other ISAs that have changed following the Clarity Project) and evaluating the quality of audit work carried out, both for components and groups
?        The requirements of other forms of assurance engagement, such as Value for Money (VfM) studies or agreed upon procedures
?        The correct treatment of more complex accounting issues (such as employee benefits and adoption of IFRS) than has been seen before
?        Specific ISAs may be examined in sufficient detail to warrant learning the key elements for regurgitation in the exam, such as comparatives (ISA 710) other information (ISA 720) or opening balances (ISA 510)
?        Discrete topics that we have not yet seen such as questions using the context of internal audit or examples of other non-audit engagements
?        The need to understand current issues such as globalisation, the impact of the recession on auditors, corporate governance, risk management and auditor liability - especially relevant in the context of the going concern article from February 2010
作者: troymo    时间: 2016-4-22 14:57

thank you very much
作者: busterbluth    时间: 2016-4-22 14:57

楼主还真精华 这些确实都是最基本最重要的 考试之前一定要弄懂的




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