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    Default Acca Exam tips 2013

    Kaplan exam tips
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

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    ACCA F4 EXAM TIPS – JUNE 2013

    Question 1: English Legal system

    Question 2: Domestic and Commercial arrangement and doctrine of estoppel

    Question 3: Breach of contract and its remedies

    Question 4: Tort of negligence

    Question 5: Duties of company secretary and discussion on ordinary and special resolutions

    Question 6: Discussion on different types of shares and rights of such shareholders

    Question 7: Differentiation between contract of service and contract for service and discussion on different labour law terms

    Question 8: Scenario based on contract act between seller and buyer and their rights

    Question 9: Liability of directors

    Question 10: Implications of wrongful and fraudulent trading

    ACCA F6 EXAM TIPS – JUNE 2013

    Income tax:

    Trading income adjustments (Major part)
    (professional fee, repair and renewals, other expenses, profit on disposal of shares, bank interest received, interest payable, capital allowances, purchase of factory),
    NIC, Occupational pension, Payment on account and balancing payment, factors for employee and self employed
    Employment income benefits:

    Interest free loan, car, traveling allowance, deductible interest
    Company:

    For company (Business property income, trading loss relief claim and calculate total taxable profits). Company(small, medium and large) corporation tax payment date.
    Capital gain tax:

    Disposal of Car, house (principle private residence relief), Chattels, Bonus and right Share issue.
    For inheritance tax :

    Death estate, Gift to trust and gift to relatives
    VAT (Value Added Tax):

    Input and output Vat calculation, surcharge period
    ACCA F7 EXAM TIPS – JUNE 2013

    Question 1: Consolidated Statement of Financial Position with Associate. Pay special attention on acquisition consideration. It is expected that part will have lots of complexities. A small discussion on consolidation related concept. Probably on equity accounting or fair value method.

    Question 2: Published Accounts of non-group entity with adjustments on financial instruments,

    Question 3: Interpreting performance using cash flow statements

    Question 4: Events after balance sheet date

    Question 5: Deferred Taxation or Convertible loan stock

    ACCA F8 EXAM TIPS – JUNE 2013

    General impression: Expecting a challenging paper from a usual level as element of novelty will be visible in every question. So expect new areas or style of questions. The questions may come in particular order as mentioned below and resultantly their weightage may change in exams. But the following are highly likely topics.

    Question 1: Risk assessment procedures at planning stage. Use of analytical procedures and may involve use of ratios. Small parts on confirming certain assertions.

    Question 2: Using work of expert, external confirmation and emphasis of matter paragraph or others matter paragraph

    Question 3: Subsequent events or Substantive procedures on capital expenditures

    Question 4: Internal Audit, Audit committee, Using the work of internal audit

    Question 5: Drafting a report or correcting given report

    ACCA P1 EXAM TIPS – JUNE 2013

    Kohlberg’s model, AAA model for ethical decision making, issue and context based factors influencing ethical decision making, defining different types of risks, Identifying deficiencies in Internal controls and recommendation, Importance of robust internal control systems, Internal audit department rolls, duties and benefits, Performance related pay, Gray, Owen and Adam’s views, Different views about types of Stakeholders, risk assessment, insider and outsider system, director’s joining, dismissal and retirement, roles of NED, Executives, chairman, audit committee, risk manager, Absolute and relative views, TARA framework, Principles of corporate governance, Sustainability, environmental audit, threats to fundamental ethical principles.

    ACCA P3 EXAM TIPS – JUNE 2013

    Porter’s five forces and Diamond model, SWOT analysis, strategy clock, what is Business case and project initiation document, value chain analysis, supply chain management, strategic evaluation, matrix structure, Variance analysis, Financial analysis for proposed investments, six sigma approach to address quality issues, identifying problems in current processes and business process re-engineering role of E business and E marketing, Project constraints, strategic change management, qualities of a leader, scientific approach, Critical success factors and key performance indicators.

    ACCA P7 EXAM TIPS – JUNE 2013

    Section A will comprise two compulsory case studies (questions) containing total marks between 55 to 65

    Case studies normally contain requirements on planning, gathering evidences and applying procedures.
    Mostly question one and two will be asked in the form of an email from your audit partner and you have to respond to that email
    You must have to prepare briefing notes in respond to an email
    Section B will comprise three questions but you will be asked to attempt any two questions. This sections will contain total marks of two questions ranging from 35 to 45

    Short scenarios are given as compared to section above. In this part mostly questions are braked in two or three parts in the form of issued or matters E.g. issues or matters related with standards, ethics and reporting.

    Note: professional marks are also given at professional exam level. They are usually awarded in section A ranging between 4 to 6 marks at your professional presentation in giving answers of letters, memo ,briefing notes or any other report

    Expected Topics:

    Audit risk
    Risk of material misstatements
    Ethics ( complete)
    Reporting ( complete)
    Transnational audits
    Fair value Internal audit
    Important International Accounting Standards (IASs)

    Differed tax IAS 11 IAS 37 IAS 1 IAS 17 Financial instruments Related party transactions
    Important International Auditing Standards (ISAs)

    200 240 320 330 300 315 500 510 520 550 570 580 700 705 706
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

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    i cannot view the tips for F5. please help

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    Kaplan
    • Environmental Management Accounting
    • Throughput accounting and TOC
    • Learning curves
    • Variances: Sales Variances, Market size and market share
    • Decision Trees
    • Pricing Equations and Pricing strategies
    • Activity based budgeting
    • Non Financial Performance Indicators
    BPP
    There will be 5 compulsory questions, each worth 20 marks. It is
    likely that one of these will be entirely written, with the others
    being a mixture of discursive and numerical requirements. This
    means that it is essential to practice written questions as well as
    numerical ones when studying for F5.
    The syllabus for this paper is very broad, an understanding of all
    areas is necessary to pass the exam. It would be reasonable to
    expect one topic from each of the five syllabus areas to be tested.
    The examiner has repeatedly stated that question spotting is not a
    suitable way to approach F5. I believe that time spent trying to
    guess what is going to be in the exam would be better spent
    revising one additional topic.
    Even with this in mind there are some general themes which crop
    up in most exams: variances have always been tested historically.
    Given the syllabus changes for 2013 it is likely that mix and yield
    and/or planning and operational variances will be tested.
    Additionally performance management in the form of appraisal of a
    company or divisions within one company is a regular feature. This
    may include transfer pricing or the use of ROI and RI.
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

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    F7 tips by expert
    Question 1
    Consolidated Statement of Financial Position with subsidiary and associate
    Question 2
    "The usual" - prepare Statement of Financial Position, Statement of Income and possibly Statement of Changes in Equity
    Within the question, mini problems including 2 different depreciation rates, deferred tax calculation, impaired asset, loan interest (or preference dividend) accrual, adjustment to revenue and development expenditure
    Question 3
    Cash flow (12 marks) and interpretation (13 marks)
    Question 4
    Small exercise on leasing or borrowing costs and explanation of part of Framework
    Question 5
    One of earnings per share or a PPE problem with costs of improvements and or treatment of impairments

    Please Note:
    ACCA exam tips should not be relied on, they are only intelligent guesses.
    The only purpose of the ACCA exam tips June 2013 is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.
    Practice as many past exam questions as possible!
    Please also check all the latest Student Accountant Technical Articles.
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

  6. #6
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    F5=Throughput,Linear programming,Yield and mix vaience,performance measurement
    For F5 don't miss the kit for Performance measurement (one question is must) and trust me the most easy part. other topic F5 are variance and the comparison of variance, standard costing and TQM. ( you should concentrate on theory) and The costing part.
    F7=IAS 33,IAS 17,IAS 32. IAS 23 for q 4 n 5
    F8= sales audit procedure,Internal audit,Going concern, aduit risk, ethics
    F9= WACC calculation + CAPM + discussion on theories of gearing, Capital rationing calculation + discussions on lease / buy and replacement, Receivables management + funding of working capital + foreign exchange risk management, Business valuation + discussion on dividend policy.
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

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    F8 tips by expert

    Internal control – sales; letter of weakness
    Assertions and evidence to support the assertions
    Events after the period end (adjusting/non-adjusting)
    Corporate governance
    Audit planning; accepting new business

    Please Note:
    ACCA exam tips should not be relied on, they are only intelligent guesses.
    The only purpose of the ACCA exam tips June 2013 is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.
    Practice as many past exam questions as possible!
    Please also check all the latest Student Accountant Technical Articles.
    WORK , WORK , WORK WITH HONESTY AND FAITH IN YOURSELF

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