F5
Probables
Activity based cosyting.
Decision making under uncertaibty – (maximax, maximin etc).
Advanced variances – mix variances.
Performance measurement – NFIs or divisional performance appraisal.
Possibles
Learning curve.
Throughput accounting.
F6
Income tax for husbands and wife.
Employment income, including the evaluation of benefits, car, fuel, mileage allowance, and accommodation benefit.
Income for ISA including the rules for individuals aged 50 years and over.
Corporation tax – adjustment of a trading profit and the computation of capital allowances on plant and machinery and industrial buildings maybe long period of account.
Due date for VAT registration.
Cash accounting scheme.
Contents of VAT invoice.
Disposals including the matching rules for shares and rights or bonus issues.
Sole trader/partnership in business making trading losses and deciding on the best way to relieve the losses.
Employed versus self employment or pensions.
F7
Q1- consolidated income statement with IFRS 3 (Revised) discussion, or both CSFP and CIS in same Q (last one Dec 2008).
Q2 – re-drafting or published accounts.
Q3 - interpretation mainly, with or without cash flows.
Q4 - mixed standards, especially leasing, impairment, EPS, grants.
Q5 – depreciation, provisions, deferred tax, standard setting.
F8
Apointment.
Ethics.
Risk.
Non current assets.
Liabilities.
Reporting.
F9
Probables
Investment appraisal – tax and inflation.
Cost of capital – project specific discount rates.
Business finance – rights issue and gearing.
Risk – parity theory and currency hedging.
WCM – financing of WC and receiveables.
Possibles
Valuation – PV of FCF.
NPV – sensitivity analysis.
P1
Audit committees.
Board performance evaluation.
Importance of independence.
Transaction cost theory.
Industry-specific risk categories.
Gray, Owen and Adams positons on CSR.
Kohlberg moral development theory.
Role of corporate codes of ethics.
P2
Complex groups.
Cash flow statement.
Revenue.
SME.
Segments.
Provisions.
P3
Strategic position – excternal analysis.
Strategic choice – joint ventures/alliances.
Culture and its effect on strategy.
Life cycle.
Change management.
P5
We have a brand new examiner so all bets are off I’m afraid.
P6
IHT with the death estate including BPR and valuation rules. Transfer of unused nil rate band between spouses. Changing the will after a person is dead.
Corporation tax including relief for trading, losses, groups, consortium relief, overseas aspects including DTR and, anti-avoidance legislation S768 ICTA 1988.
Capital gains tax – mergers, takeovers, reorganizations shares including bonus and rights issues and losses on the disposal of unquoted shares.
Employment income – share options, share incentive plans and taxable and tax free benefits.
Property business profits including furnished holiday letting property.
Enterprise investment scheme, venture capital trusts and corporate venturing scheme relief.
Partnership -= with wife being employed or being introduced as a partner.
Partial exemption for VAT, opting to tax a building, electronic filing of the VAT return, flat rate scheme.
VAT implications of selling the business as a going concern.
Purchase of own shares by a company.
Personal service companies.
Ethics and deliberate tax defaulters.
P7
Business risk/due diligence.
Audit work on segment information/related party transactions/provisions/intangibles.
Social/environmental reporting and assurance reports.
Evaluation of proposed audit report.
Advertising by audit firms.
Ethical threats and safeguards.
Thanks to PQ Magazine
Friday
Anouncement for Paper P1 Professional Accountant
Paper Professional level 1, once known as Professional Accountant is now
Governance, Risk and Ethics.
The paper name change will come into effect from the June 2011 exams. The paper name will be updated to Governance, Risk and Ethics in their exam transcripts from August 2011.
What's the benefit for this change? Employers will be more understanding when they read the title. Professional Accountant is very arbitrary so it causes confusions for everyone to understand what it really taught in this subject.
Not just the name been change, even the syllabus will be adding in some facts or knowledge that you can apply in your work life. No longer just a subject for exam.
Governance, Risk and Ethics.
The paper name change will come into effect from the June 2011 exams. The paper name will be updated to Governance, Risk and Ethics in their exam transcripts from August 2011.
What's the benefit for this change? Employers will be more understanding when they read the title. Professional Accountant is very arbitrary so it causes confusions for everyone to understand what it really taught in this subject.
Not just the name been change, even the syllabus will be adding in some facts or knowledge that you can apply in your work life. No longer just a subject for exam.
Monday
ACCA elects new president
ACCA has elected Mark Gold as president for 2010-11.
Gold, a senior partner at the London offices of Silver Levene - the UK's largest ACCA accountancy practice - first joined the company more than 20 years ago, during which time it has won Accountancy Age awards in the categories of medium-size firm of the year and innovation.
Speaking about his appointment, Gold said: 'I am extremely proud to have become president of ACCA. I am passionate about the ACCA qualification and the way in which it can provide outstanding opportunities for people around the world.
'I am very excited about the opportunities to represent this great organisation in the year ahead.'
Gold has been an ACCA Council member for the past 10 years, and has served as chairman on the Finance, ACCA UK and Creative Industries Committees. He is also vice chairman of the ACCA SME Committee.
In addition to Gold's appointment, Dean Westcott, finance director at NHS West Essex, UK, has been elected deputy president, and Barry J Cooper, professor of accounting at Deakin University in Melbourne, Australia, is vice president.
News at:
[http://www.accaglobal.com]
Gold, a senior partner at the London offices of Silver Levene - the UK's largest ACCA accountancy practice - first joined the company more than 20 years ago, during which time it has won Accountancy Age awards in the categories of medium-size firm of the year and innovation.
Speaking about his appointment, Gold said: 'I am extremely proud to have become president of ACCA. I am passionate about the ACCA qualification and the way in which it can provide outstanding opportunities for people around the world.
'I am very excited about the opportunities to represent this great organisation in the year ahead.'
Gold has been an ACCA Council member for the past 10 years, and has served as chairman on the Finance, ACCA UK and Creative Industries Committees. He is also vice chairman of the ACCA SME Committee.
In addition to Gold's appointment, Dean Westcott, finance director at NHS West Essex, UK, has been elected deputy president, and Barry J Cooper, professor of accounting at Deakin University in Melbourne, Australia, is vice president.
News at:
[http://www.accaglobal.com]
Saturday
Top 5 firms to work in Canada
Many employers in Canada are actively looking to recruit ACCA members! If you are applying job, and you are searching for a list of employers to apply for, this is the top 5 list of firms that you can work for in Canada.
1) Ernst & Young LLP is a Big Four accounting firm.
2) KPMG LLP is another of the Big Four Accounting firms.
3) PricewaterhouseCoopers (PwC) LLP is one of the Big Four accounting firms.
4) Hewlett-Packard (HP) is a technology solutions provider to consumers, businesses and institutions globally.
5) Canadian Imperial Bank of Commerce (CIBC) is one of the major Canadian banks.
I'm not sure about Deloitte in Canada, but it is also one of the Big Four.
If you wish to know more, please read the top 20 list of Canada Approved Employers or visit [ http://canada.accaglobal.com/canada/employers/ ]
1) Ernst & Young LLP is a Big Four accounting firm.
2) KPMG LLP is another of the Big Four Accounting firms.
3) PricewaterhouseCoopers (PwC) LLP is one of the Big Four accounting firms.
4) Hewlett-Packard (HP) is a technology solutions provider to consumers, businesses and institutions globally.
5) Canadian Imperial Bank of Commerce (CIBC) is one of the major Canadian banks.
I'm not sure about Deloitte in Canada, but it is also one of the Big Four.
If you wish to know more, please read the top 20 list of Canada Approved Employers or visit [ http://canada.accaglobal.com/canada/employers/ ]
Monday
ACCA Student Accountant Articles
FUNDAMENTALS
- F1 Accountant in Business (AB)
- F2 Management Accounting (MA)
- F3 Financial Accounting (FA)
- F4 Corporate and Business Law (CL)
- F5 Performance Management (PM)
- F6 Taxation (TX)
- F7 Financial Reporting (FR)
- F8 Audit and Assurance (AA)
- F9 Financial Management (FM)
PROFESSIONAL
Core Papers
Options
Thursday
ACCA December 2010 Exam Dates
ACCA Exam dates for December 2010 session:-
Monday 6 December 2010
F6 Taxation
P6 Advanced Taxation
Tuesday 7 December 2010
F4 Corporate and Business Law
P7 Advanced Audit and Assurance
Wednesday 8 December 2010
F3 Financial Accounting
F8 Audit and Assurance
Thursday 9 December 2010
F9 Financial Management
P4 Advanced Financial Management
Friday 10 December 2010
F2 Management Accounting
P5 Advanced Performance Management
Monday 13 December 2010
F5 Performance Management
P1 Professional Accountant
Tuesday 14 December 2010
F7 Financial Reporting
P2 Corporate Reporting
Wednesday 15 December 2010
F1 Accountant in Business
P3 Business Analysis
Monday 6 December 2010
F6 Taxation
P6 Advanced Taxation
Tuesday 7 December 2010
F4 Corporate and Business Law
P7 Advanced Audit and Assurance
Wednesday 8 December 2010
F3 Financial Accounting
F8 Audit and Assurance
Thursday 9 December 2010
F9 Financial Management
P4 Advanced Financial Management
Friday 10 December 2010
F2 Management Accounting
P5 Advanced Performance Management
Monday 13 December 2010
F5 Performance Management
P1 Professional Accountant
Tuesday 14 December 2010
F7 Financial Reporting
P2 Corporate Reporting
Wednesday 15 December 2010
F1 Accountant in Business
P3 Business Analysis
ACCA, CIMA, and AAT
The Association of Chartered Certified Accountants (ACCA) is a British accountancy body which offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. The ACCA is a founding member body of the Consultative Committee of Accountancy Bodies (CCAB) and the International Federation of Accountants (IFAC).
The Chartered Institute of Management Accountants (CIMA) is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.
The Association of Accounting Technicians, or AAT is a technician level qualification which entitles those who have completed the exams and obtained relevant supervised work experience to call themselves associate accounting technicians.
ACCA, CIMA, and AAT Exam tips will be available soon. Please do visit more often to get the tips.
Sources:-
1) http://en.wikipedia.org/wiki/Association_of_Accounting_Technicians
2) http://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountants
3) http://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountants
The Chartered Institute of Management Accountants (CIMA) is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.
The Association of Accounting Technicians, or AAT is a technician level qualification which entitles those who have completed the exams and obtained relevant supervised work experience to call themselves associate accounting technicians.
ACCA, CIMA, and AAT Exam tips will be available soon. Please do visit more often to get the tips.
Sources:-
1) http://en.wikipedia.org/wiki/Association_of_Accounting_Technicians
2) http://en.wikipedia.org/wiki/Association_of_Chartered_Certified_Accountants
3) http://en.wikipedia.org/wiki/Chartered_Institute_of_Management_Accountants
ACCA December 2010 session examiners
December 2010 exam session
| Exam paper | Examiner |
|---|---|
| Paper F1, Accountant in Business | Bob Souster |
| Paper F2, Management Accounting | David Forster |
| Paper F3, Financial Accounting | Nicola Ventress |
| Paper F4, Corporate and Business Law (BWA) | John Kiggundu |
| Paper F4, Corporate and Business Law (CHN) | Zhidong Chen |
| Paper F4, Corporate and Business Law (CYP) | Pambos Ioannides |
| Paper F4, Corporate and Business Law (ENG) | David Kelly |
| Paper F4, Corporate and Business Law (HKG) | Paul Kwong Kin Ning |
| Paper F4, Corporate and Business Law (LSO) | Umesh Kumar |
| Paper F4, Corporate and Business Law (MLA) | Louise Ellul Cachia Caruana |
| Paper F4, Corporate and Business Law (MYS) | S Thalmalingam |
| Paper F4, Corporate and Business Law (PKN) | Muhammad Haroon Mumtaz |
| Paper F4, Corporate and Business Law (RUS) | Robert Souster |
| Paper F4, Corporate and Business Law (SGP) | Joyce Lee |
| Paper F4, Corporate and Business Law (VNM) | Robert Souster |
| Paper F4, Corporate and Business Law (ZAF) | Jopie Pretorius |
| Paper F4, Corporate and Business Law (ZWE) | Emmanuel Magade |
| Paper F5, Performance Management | Ann Irons |
| Paper F6, Taxation (BWA) | Terry Brick |
| Paper F6, Taxation (CHN) | Kit Chung |
| Paper F6, Taxation (CYP) | Philippos Rapatopoulous |
| Paper F6, Taxation (CZE) | Milena Hrdinkova |
| Paper F6, Taxation (HKG) | Betty Kwok Yuk Sim and Shirley Fu Me Yuk |
| Paper F6, Taxation (HUN) | Attila Csutora |
| Paper F6, Taxation (IRL) | Delma Carey |
| Paper F6, Taxation (LSO) | Nthoto Ramalefane |
| Paper F6, Taxation (MLA) | Geraldine Schembri |
| Paper F6, Taxation (MWI) | Andrew Chioko |
| Paper F6, Taxation (MYS) | Mildred Lopez |
| Paper F6, Taxation (PKN) | Muhammad Arshad |
| Paper F6, Taxation (POL) | Jan Czerniawski |
| Paper F6, Taxation (RUS) | Natalia Denisova |
| Paper F6, Taxation (SGP) | Damien Hong Chin Fock |
| Paper F6, Taxation (VNM) | Hoang Vu Phan |
| Paper F6, Taxation (UK) | David Harrowven |
| Paper F6, Taxation (ZAF) | Craig West |
| Paper F6, Taxation (ZWE) | Georgina Masike |
| Paper F7, Financial Reporting | Stephen Scott |
| Paper F8, Audit and Assurance | Pami Bahl |
| Paper F9, Financial Management | Antony Head |
| Paper P1, Professional Accountant | David Campbell |
| Paper P2, Corporate Reporting | Graham Holt |
| Paper P3, Business Analysis | Steve Skidmore |
| Paper P4, Advanced Financial Management | Shishir Malde |
| Paper P5, Advanced Performance Management | Alexander Watt |
| Paper P6, Advanced Taxation (CYP) | Alexis Tsielepis |
| Paper P6, Advanced Taxation (HKG) | Betty Kwok Yuk Sim and Shirley Fu Me Yuk |
| Paper P6, Advanced Taxation (IRL) | Louise Langan |
| Paper P6, Advanced Taxation (MLA) | Kevin Catania |
| Paper P6, Advanced Taxation (MYS) | Yong Siew Chuen |
| Paper P6, Advanced Taxation (SGP) | Meng Leong |
| Paper P6, Advanced Taxation ( UK ) | Rory Fish |
| Paper P6, Advanced Taxation (ZAF) | Craig West |
| Paper P7, Advanced Audit and Assurance | Lisa Weaver |
Monday
ACCA Pass Rate June 2010
ACCA Pass Rate June 2010
June 2010 session ACCA Qualification pass rates:
Paper F1, Accountant in Business, 64%*
Paper F2, Management Accounting, 54%*
Paper F3, Financial Accounting, 60%*
Paper F4, Corporate and Business Law, 51%
Paper F5, Performance Management, 57%
Paper F6, Taxation, 46%
Paper F7, Financial Reporting, 28%
Paper F8, Audit and Assurance, 36%
Paper F9, Financial Management, 43%
Paper P1, Professional Accountant, 53%
Paper P2, Corporate Reporting, 47%
Paper P3, Business Analysis, 51%
Paper P4, Advanced Financial Management, 34%
Paper P5, Advanced Performance Management, 44%
Paper P6, Advanced Taxation, 35%
Paper P7, Advanced Audit and Assurance, 32%
June 2010 session CAT pass rates:
Paper 1, Recording Financial Transactions, 63%*
Paper 2, Information and Management Control, 63%*
Paper 3, Maintaining Financial Records, 66%*
Paper 4, Accounting for Costs, 59%*
Paper 5, Managing People and Systems, 38%
Paper 6, Drafting Financial Statements, 79%
Paper 7, Planning, Control and Performance Management, 30%
Paper 8, Implementing Audit Procedures, 28%
Paper 9, Preparing Taxation Computations, 62%
Paper 10, Managing Finances, 61%
* Combined pass rates for paper-based and computer-based exams.
ACCA Pass Rate June 2010
June 2010 session ACCA Qualification pass rates:
Paper F1, Accountant in Business, 64%*
Paper F2, Management Accounting, 54%*
Paper F3, Financial Accounting, 60%*
Paper F4, Corporate and Business Law, 51%
Paper F5, Performance Management, 57%
Paper F6, Taxation, 46%
Paper F7, Financial Reporting, 28%
Paper F8, Audit and Assurance, 36%
Paper F9, Financial Management, 43%
Paper P1, Professional Accountant, 53%
Paper P2, Corporate Reporting, 47%
Paper P3, Business Analysis, 51%
Paper P4, Advanced Financial Management, 34%
Paper P5, Advanced Performance Management, 44%
Paper P6, Advanced Taxation, 35%
Paper P7, Advanced Audit and Assurance, 32%
June 2010 session CAT pass rates:
Paper 1, Recording Financial Transactions, 63%*
Paper 2, Information and Management Control, 63%*
Paper 3, Maintaining Financial Records, 66%*
Paper 4, Accounting for Costs, 59%*
Paper 5, Managing People and Systems, 38%
Paper 6, Drafting Financial Statements, 79%
Paper 7, Planning, Control and Performance Management, 30%
Paper 8, Implementing Audit Procedures, 28%
Paper 9, Preparing Taxation Computations, 62%
Paper 10, Managing Finances, 61%
* Combined pass rates for paper-based and computer-based exams.
ACCA Pass Rate June 2010
Saturday
ACCA Exam Tips June 2010
ACCA June 2010 Exam Tips provided by Open Tuition
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)
1. Sales system/receivables, including audit planning.
2. CAAT
3. Analytical procedures
4. Reasons for qualifying – Clarity statement
5. Events after the period end
6. Ethics and risk/client acceptanc
Tips for ACCA Paper F9 Financial Management
1. WACC / NPV / IRR
2. Debtors Management / EOQ / overtrading
3. Business Valuation etc (Q54)
4. Foreign exchange risk
Tips for ACCA P1 Professional Accountant
1. 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 P4 Advanced Financial Management
1. 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:
1. Foreign exchange risk – futures and options
2. Either interest rate risk (futures and options), or possibly Option Pricing (share options and delta hedge)
3. Written question – impossible to guess, but possibly – “Quantitative easing”. What is it? Why do it? Risk involved in doing it?
Tips for ACCA P7 Advanced Audit and Assurance (INT)
1. Audit risk ( 12/02, 6/03, 6/04 )
2. “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 )
3. Going concern – Article from March Student Accountant ( 6/02, 12/08 )
4. Ethics ( Pilot paper, 6/02, 6/03, 6/04, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08, 6/09 )
5. Audit reports including environmental issues, groups (Pilot paper ) and key performance indicators ( 12/08 )
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)
1. Sales system/receivables, including audit planning.
2. CAAT
3. Analytical procedures
4. Reasons for qualifying – Clarity statement
5. Events after the period end
6. Ethics and risk/client acceptanc
Tips for ACCA Paper F9 Financial Management
1. WACC / NPV / IRR
2. Debtors Management / EOQ / overtrading
3. Business Valuation etc (Q54)
4. Foreign exchange risk
Tips for ACCA P1 Professional Accountant
1. 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 P4 Advanced Financial Management
1. 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:
1. Foreign exchange risk – futures and options
2. Either interest rate risk (futures and options), or possibly Option Pricing (share options and delta hedge)
3. Written question – impossible to guess, but possibly – “Quantitative easing”. What is it? Why do it? Risk involved in doing it?
Tips for ACCA P7 Advanced Audit and Assurance (INT)
1. Audit risk ( 12/02, 6/03, 6/04 )
2. “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 )
3. Going concern – Article from March Student Accountant ( 6/02, 12/08 )
4. Ethics ( Pilot paper, 6/02, 6/03, 6/04, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08, 6/09 )
5. Audit reports including environmental issues, groups (Pilot paper ) and key performance indicators ( 12/08 )
ACCA Exam Tips June 2010 by KAPLAN
F4 Corporate & Business Law
* Damages
* Supreme Court
* Tort of negligence
* Liability of agents & partners
F5 Performance Management
* Financial and non-financial performance indicators
* Mix and Yield variances
* Transfer Pricing
* Activity Based Costing
F6 Taxation
* Employment Income - benefits
* Capital allowances including IBA
* VAT return
* Disposal of chattels
* Partnerships with loss
F9 Financial Management
* IRR with tax
* Inventory management
* Asset and cash flow based values
* Gearing/capital structure calculations
* Interest rate risk
P3 Business Analysis
* Strategy evaluation
* Environmental or internal analysis
* Business process change
* Marketing
* Organisation structure
P4 Advanced Financial Management
* Acquisitions and business valuation (especially free cash flow method)
* Net Present Value
* Black Scholes model, but not the Grabbe variant
* WACC
* Interest rate hedging
P5 Advanced Performance Management
* Forecasting
* Divisional assessment
* Strategic alternatives
* Corporate failure
* Dealing with uncertainty
P6 Advanced Taxation
* Capital allowances: new rules for cars
* Capital Gains: incorporation relief
* Inheritance Tax: business property relief
* Benefits: share option schemes;
* Personal financial planning - ISAs
P7 Advanced Audit & Assurance
* Auditing in a Computer Based Environment
* Audit of employee benefits and discontinued operations
* ISA 570 Going Concern
* Engagement planning and risk assessment;
* Engagement reporting (ISA’s 700, 705, 706 in particular).
* Damages
* Supreme Court
* Tort of negligence
* Liability of agents & partners
F5 Performance Management
* Financial and non-financial performance indicators
* Mix and Yield variances
* Transfer Pricing
* Activity Based Costing
F6 Taxation
* Employment Income - benefits
* Capital allowances including IBA
* VAT return
* Disposal of chattels
* Partnerships with loss
F9 Financial Management
* IRR with tax
* Inventory management
* Asset and cash flow based values
* Gearing/capital structure calculations
* Interest rate risk
P3 Business Analysis
* Strategy evaluation
* Environmental or internal analysis
* Business process change
* Marketing
* Organisation structure
P4 Advanced Financial Management
* Acquisitions and business valuation (especially free cash flow method)
* Net Present Value
* Black Scholes model, but not the Grabbe variant
* WACC
* Interest rate hedging
P5 Advanced Performance Management
* Forecasting
* Divisional assessment
* Strategic alternatives
* Corporate failure
* Dealing with uncertainty
P6 Advanced Taxation
* Capital allowances: new rules for cars
* Capital Gains: incorporation relief
* Inheritance Tax: business property relief
* Benefits: share option schemes;
* Personal financial planning - ISAs
P7 Advanced Audit & Assurance
* Auditing in a Computer Based Environment
* Audit of employee benefits and discontinued operations
* ISA 570 Going Concern
* Engagement planning and risk assessment;
* Engagement reporting (ISA’s 700, 705, 706 in particular).
Tuesday
ACCA Pass Rate December 2009
The pass rates for the December 2009 sitting of the ACCA Qualification Professional Papers are as follows:
Paper F1 Accountant in Business – 66%*
Paper F2 Management Accounting – 58%*
Paper F3 Financial Accounting – 64%*
Paper F4 Corporate and Business Law – 42%
Paper F5 Performance Management – 52%
Paper F6 Taxation – 51%
Paper F7 Financial Reporting – 39%
Paper F8 Audit and Assurance – 40%
Paper F9 Financial Management – 37%
Paper P1 Professional Accountant – 49%
Paper P2 Corporate Reporting – 58%
Paper P3 Business Analysis – 48%
Paper P4 Advanced Financial Management – 41%
Paper P5 Advanced Performance Management – 42%
Paper P6 Advanced Taxation – 39%
Paper P7 Advanced Audit and Assurance – 39%
The pass rates for the December 2009 sitting of the Certified Accounting Technician (CAT) scheme
Paper 1 Recording Financial Transactions – 64%*
Paper 2 Information and Management Control – 65%*
Paper 3 Maintaining Financial Records – 62%*
Paper 4 Accounting for Costs – 63%*
Paper 5 Managing People and Systems – 42%
Paper 6 Drafting Financial Statements – 57%
Paper 7 Planning, Control and Performance Management – 58%
Paper 8 Implementing Audit Procedures – 30%
Paper 9 Preparing Taxation Computations – 59%
Paper 10 Managing Finances – 36%
Paper F1 Accountant in Business – 66%*
Paper F2 Management Accounting – 58%*
Paper F3 Financial Accounting – 64%*
Paper F4 Corporate and Business Law – 42%
Paper F5 Performance Management – 52%
Paper F6 Taxation – 51%
Paper F7 Financial Reporting – 39%
Paper F8 Audit and Assurance – 40%
Paper F9 Financial Management – 37%
Paper P1 Professional Accountant – 49%
Paper P2 Corporate Reporting – 58%
Paper P3 Business Analysis – 48%
Paper P4 Advanced Financial Management – 41%
Paper P5 Advanced Performance Management – 42%
Paper P6 Advanced Taxation – 39%
Paper P7 Advanced Audit and Assurance – 39%
The pass rates for the December 2009 sitting of the Certified Accounting Technician (CAT) scheme
Paper 1 Recording Financial Transactions – 64%*
Paper 2 Information and Management Control – 65%*
Paper 3 Maintaining Financial Records – 62%*
Paper 4 Accounting for Costs – 63%*
Paper 5 Managing People and Systems – 42%
Paper 6 Drafting Financial Statements – 57%
Paper 7 Planning, Control and Performance Management – 58%
Paper 8 Implementing Audit Procedures – 30%
Paper 9 Preparing Taxation Computations – 59%
Paper 10 Managing Finances – 36%
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