ACCA EXAM, ACCA EXAM TIPS, ACCA JUNE 2010 EXAM TIP, ACCA DECEMBER 2010 EXAM TIP, ACCA JUNE EXAM TIP, ACCA DECEMBER EXAM TIP, PASS ACCA, ACCA PILOT PAPER, ACCA MOCK EXAM.

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ACCA Exam Tips June 2009

ACCA Exam Tips for June 2009 from 7city
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Paper F4
* Delegated legislation, statutory interpretation, human rights
* Consideration, privacy and contract terms
* Duty of care in the tort of negligence, professional negligence
* Distinguishing employment contracts from self employment
* Choice of corporate name
* General meetings and company secretary
* Insider dealing
* Corporate governance
* Liquidation, wrongful trading

Paper F5
* Compare traditional absorption costing with activity based costing (ABC) and the implications of switching to ABC
* Theory of constraints, throughput costing and back flush accounting
* Multiple limiting factors and shadow prices
* Short term decision making – shut down decisions, make or buy decisions
* Activity based budgeting and variance analysis, forecasting methods
* Transfer pricing
* Planning and operational variances


Paper F6
* Q1 – Income Tax – Employed and Self Employed + VAT
* Q2 – Corporation Tax – Adj profit + Groups
* Q3 – Capital Gains Tax – Individuals inc. Entrepreneurial Relief
* Q4 – Corporation Tax Overseas Income/DTR
* Q5 – NIC

Paper F7 Financial Reporting (INT)
* Q1 – Consolidated Statement of Financial Position (Parent, Subsidiary and Associate)
* Q2 – Single Company financial statements including adjustments for Deferred tax, rights issue, financial instruments and provisions.
* Q3 – Cash flow
* Q4 – Impairments + Framework
* Q5 – Construction Contracts

Paper F8
* Inventory – Physical verification, testing valuation and cut-off
* Acceptance of appointment – Ethical and practical issues
* System evaluation, use of CAATs and management letters
* Audit of estimates including provisions and contingencies
* Understanding unmodified audit reports and modified opinions
* Principles of corporate governance and the link to internal audit

Paper F9
* Working capital –
- EOQ with discounts, buffer stock and Just in Time
- Early settlement discounts
- Cash management models Baumol and Miller Orr
* Investment appraisal - dealing with uncertainty – expected values and sensitivity analysis
* Capital Asset replacement decisions
* Capital rationing
* Use of weighted average and marginal costs of capital odigliani and Miller and pecking order theories of equity versus cost of debt
* Interest rate risk and management

Paper P1
* Corporate Governance – risk management, director's remuneration and non
* executive director's responsibilities
* Ethical dilemma – American Accounting Association decision model,
* Stakeholder management - Gray Owen and Adams social responsibility. Mendelow's Matrix
* Risk audit - in house versus external provision. The need for internal audit
* The contents and process of a social/environment audit
* Enterprise risk management models, the requirements for risk reporting

Paper P2
* Complex group statement of financial position using net assets approach to goodwill
* Employee benefits
* Deferred tax
* Financial instruments including the impact of mark to market and hedge accounting
* Impact of accounting policies on a financial covenant
* Accounting for environmental issues including provisioning

Paper P3
* Strategic positioning – Porter's National Diamond and five forces models
* The extended marketing mix (7 P's model), E marketing and CRM
* Strategic capability – the 9 M's model, benchmarking and CMMI
* Stakeholders and ethical theories and dilemmas
* International orientation
* Change management, reasons for change, force field analysis and change agents
* Swim-lane/process flow diagrams

Paper P4
* Multi period capital rationing with taxation
* Geared and ungeared B's
* Ethical financial policy and corporate governance
* Option pricing theory – using Black Scholes model
* Foreign exchange risk, SWAPS and options, Value at risk
* Strategic planning for multinationals

Paper P5
* The value chain and business process reengineering
* Pricing, cost, demand and marketing driven approaches
* Behavioural and motivational aspects of budgeting and beyond budgeting

* Internal analysis models – Porter's 5 forces, the BCG matrix and Ansoff's growth matrix
* Internationalisation and divisional performance measurement
* Stakeholders and Mendelow's matrix

Paper P6
* Tax Planning and Trusts
* Corporation Tax Groups
* Overseas Income Tax Issues
* VAT, Stamp Duty and Stamp Duty Land Tax
* Inheritance Tax Planning

Paper P7
* Prospective financial information and assurance assignments
* Audit procedures potentially covering impairment of financial instruments
* Ethical scenarios
* Audit risk and potential for earnings management and fraud in a group scenario
* Issues associated with the control weaknesses and collection of evidence for a not-for-profit organisation
* Audit challenges of determining going concern status

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