jazib

The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
CAT8 BPP Tips:

Following are the important Topics for this attempt.

* Regulatory framework/third parties
* Audit of balance sheet items/testing
* Accounting systems/control cycles
* Audit completion – analytical review/report qualifications

CAT 8i Health Check

If you can answer the following questions positively then you will be well placed for the exam.

Can you describe the chronology of an audit and explain the various parts of the audit in detail, including where the regulatory framework has an impact?
Can you describe the statutory powers and duties of auditors and how they are required to behave ethically?
Can you explain the different types of audit risk and how these affect the work that is needed on an audit?
Do you know the different types of controls that are likely to exist in a company and how to design tests that fit into the controls that are available, and how to design tests if controls are not available in the company?
Do you know how CAATs are used for control/compliance or substantive testing purposes?
Do you know why audit sampling is relevant to the auditor, can explain terms such as confidence intervals and outline various types of sampling with their advantages and limitations?
Can you explain the procedures involved with auditing all major balance sheet categories?
Do you know the function of review procedures in an audit, including analytical review, post balance sheet events, contingencies, opening balances, letters of representation and management letters?
Can you describe the purpose, significance and content of an audit report?
Do you understand auditor’s liability and responsibility?

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jazib

The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.Following are the important Topics for this attempt.

CAT9 BPP Tips:

* Income tax computation, investment & income tax payments for self-employed
* Income from employment, NICs
* Corporation Tax calculation of losses
* CGT shares computation, with reliefs/CT administration
* VAT administration and registration, tax points

CAT 9 Health Check

If you can answer the following questions positively then you will be well placed for the exam.

Can you work out what the adjusted profit/loss is for a business taking into account capital allowances?
Do you know the different classes of National Insurance Contributions, what they mean and who they apply to?
Can you compute taxable pay from employment, what is allowed to be deducted and what the benefits in kind are?
Do you know the various ways that income from property is assessed and relieved, plus income from other investments?
On income tax computations, can you work out the amount of taxable income for an individual and then work out the income tax payable including reliefs?
Can you calculate the chargeable gains and losses from information supplied, particularly being able to deal with the various pools and how they are adjusted for bonus and rights issues?
Can you describe and apply the reliefs that are available for capital gains tax?
Can you explain the system for the administration of income tax and capital gains tax, including the self-assessment system?
Do you know how to work out the profits chargeable to corporation tax, taking into account the rules on accounting periods, and know how the tax will be paid, including self-assessment?
Can you describe the time of VAT supply, work out how much to pay depending on the type of supply and explain the types of record needed for VAT?

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jazib

The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

CAT10 BPP Tips:

Following are the important Topics for this attempt.

* Capital investment appraisal techniques – discounting and non-discounting
* Debtors management - credit information and terms
* Cash and liquidity budgeting/management, cash cycle
* Sources of finance, short to long term/capital markets/gearing and EPS

CAT 10 Health Check
If you can answer the following questions positively then you will be well placed for the exam.

Can you deal with cash receipts and payments, know how to reconcile these to profit and prepare cash budgets and forecasts?

Can you describe practical methods of investing surplus funds and how to control the liquidity of a company?

Do you know the various things to look for to judge who to grant credit to and then how to decide credit terms, recording debtors and contracts?

Do you know the various different sources and uses of finances, and the effect on cash flows in the short and long term?

Can you describe the banking system, what the role and functions of banks are, and can you explain the money markets?

Can you outline the relationship between money and interest rates and interest rates and exchange rates, and also how monetary policies are used to control the money supply?

Do you know the situations when it is best to raise short, medium or long term finance, how to mix the different types of finance and what the risks are to both the company and the lender?

Can you explain the functions of the stock market, who is involved including venture capitalists?

Do you know what the working capital cycle is, can you calculate and explain it?

Do you know the key factors in developing a strategy for stock, debtor, creditor and cash management, including the controls that are necessary?

Do you know why capital budgeting is important, can you perform a variety of methods to assess whether a capital investment is satisfactory (including the effect of taxation)?

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Umar Riaz

these r DEC 2007 guesses....

Umar Riaz

but these r guesses for December 2007 attempt

akasha

yar yeha tip tu dec 2007 ke nahe hay????????/

kcwoo

yeah seems like last years tips. lol >_< end of may? exam is on 2nd jun. tips wont help much by then >_<.. oh wells good luck ^_~

akasha

r u sure u got tip by the end of may???????????????

jazib

Originally Posted by Umar Riaz

these r DEC 2007 guesses....

Well have I mentioned for June 2008. If yes do tell me

The Tips for June 2008 will be posted soon.

Till then keep up the Good work what is it called hmmmmm I gues its STUDYING

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waldo

Originally Posted by jazib

The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam. CAT6 BPP Tips: * Preparation of financial statements for a limited company/non-current assets * Conceptual and regulatory framework/notes to the accounts * Consolidated balance sheet/ratios * Cash flow statement