aliyyu

hey guys pls help me get the exam tips for june 08 sittings for CAT T6 to T10....
pls help me in this...if anyone has it just shre it with me..hope ill get ur help

thanks:

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Umar Riaz

but we need cat exam tips for june 2008 sittings like u have posted for acca papers...we need them urgently...so kindly post them soon

jazib

You had to wait till end May, 2008, till then keep studying.

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jazib

Because the exam is entirely multiple choice it is easier for the examiner to cover the whole syllabus of 1 in any one sitting. The following topics are however key topics and we would expect them to appear somewhere on the paper.

CAT1 BPP Tips:

* Understanding and accounting for various business transactions, eg sales, purchases, expenses, trade and settlement discounts
* Transaction documentation: invoices, credit notes, statements etc
* Basic VAT
* Cash handling (eg petty cash, recording in the cash book)
* Posting to the general ledger (debits and credits)
* Bank reconciliations
* Sales/purchase ledger reconciliations
* Capital v revenue expenditure


CAT 1i Health Check

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

Do you know how you would check a computer to make sure it is safe?

Do you know the security threats that there are to a computer system and how to prevent them?

Can you quote the legal regulations concerned with computers?

Do you know the relationship between management and financial accounting and why we do management accounting?

Do you know the sources of management information, including using software to obtain it?

Do you know the different elements of cost in a product and the relevant sources of information and documents?

Can you give a series of comparisons to see how well your management information is looking?

Do you know what a basic variance is and how you would calculate it, giving reasons why it might have happened?

Can you describe terms like contribution, break-even, margin of safety and limiting factors, and calculate them if needed?

Do you know how to extract management information, it role in organisations and how you would use it for decision-making?

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jazib

The ACCA don’t issue complete past exams so it is difficult to try to predict what will come up. The exam is entirely multiple choice it is easier for the examiner to cover the whole syllabus of 1 in any one sitting. This means that you will need to cover the whole syllabus and make sure that you have a good breadth of knowledge, covering the main areas i.e.

CAT2 BPP Tips:

* Using computer systems safely and effectively
* Security, confidentiality and legal issues
* Management information
* Income and expenditure and comparisons
* Decision making



CAT 2 Health Check

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

Do you know how you would check a computer to make sure it is safe?
Do you know the security threats that there are to a computer system and how to prevent them?
Can you quote the legal regulations concerned with computers?
Do you know the relationship between management and financial accounting and why we do management accounting?
Do you know the sources of management information, including using software to obtain it?
Do you know the different elements of cost in a product and the relevant sources of information and documents?
Can you give a series of comparisons to see how well your management information is looking?
Do you know what a basic variance is and how you would calculate it, giving reasons why it might have happened?
Can you describe terms like contribution, break-even, margin of safety and limiting factors, and calculate them if needed?
Do you know how to extract management information, it role in organisations and how you would use it for decision-making?

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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.

CAT3 BPP Tips:

* Sales ledger reconciliation/suspense accounts
* Accounting standards and principles
* Sole trader accounts
* Trial balance adjustments/errors in accounts

CAT 3i Health Check

If you can answer the following questions positively then you will be well placed for the exam.
Can you calculate stock valuation under different accounting bases and explain how the different bases apply accounting concepts to the valuation of stock?
Can you complete a trial balance, extend it using journal entries and finish off an extended trial balance?
Do you know the different entries that go into accounting for partnership accounts, and account for the different types of agreements in appropriation, current and capital accounts?
Can you deal with incomplete accounting records and find out missing balances from a range of accounts?
Can you reconcile control accounts, discuss the purpose of them and perform bank reconciliations?
Do you know how accounting information flows from the original capture of data, through an accounting system and into the final accounts?
Do you know what the fundamental accounting concepts are and can you apply them to a range of situations?
Do you know how sole traders prepare their accounts and how these would differ from a partnership or a company?
Do you know what the books of prime entry are and are you able to prepare them and discuss them?
Do you know the various different types of error that can occur in a set of accounts and whether they need to be corrected on a trial balance and, if not, where they should be corrected?

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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.
CAT4 BPP Tips:

* Cost classification and behaviour/nature and purpose of management information
* Elements of cost with marginal/absorption costing
* Process/job costing
* Decision making

CAT 4 Health Check

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

Can you classify costs into different categories and know how to chart the fixed, variable and semi-variable costs?
Are you up to speed on stock valuation methods and can calculate different methods and the impact on profit for the period?
Do you know how stock control systems work and can set, minimum/maximum levels, re-order quantities and levels, and tie these into material costing systems?
Can you compute costs over various different categories, including labour and a variety of expense types?
Can you calculate absorption rates on different bases, knowing which is the most appropriate, and can you describe other methods, such as activity based costing?
Can you reconcile absorption and marginal costing techniques?
Do you know the difference between service, process, batch and contract costing methods and apply them to the appropriate situation?
Can you deal with process costing calculations, including simple work-in progress and joint products and the double entry?
Can you work out the relevant costs in a situation, explain why they are relevant and discount them?
Can you calculate the break-even point, margin of safety and contribution/sales ratio and explain why they are useful?

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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.

CAT5 BPP Tips:

* Business and accounting environment
* Internal controls and MIS
* Motivation, leadership/teams
* Personal planning and communication
* Health and Safety at work, and security

CAT 5 Health Check

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

Can you explain the political, economic, social and technological issues affecting a business and who the different stakeholders are in the business?

Do you know how an organisation is structured , the systems and procedures that are likely to be in place and how the accounting department co-ordinates with other functional areas?

Do you know the difference between internal and external auditors and what the management should do with respect to internal control?

Do you know the control procedures that there are in an accounting system, the main ways to prevent fraud and how management information systems help?

Can you describe the work of the main theorists concerning authority, responsibility, leadership and management, including the weaknesses?

Can you distinguish between a group and a team and know what makes them tick or not tick, including the key theories of motivation?

Do you know the main ways to improve individual effectiveness at work, including interpersonal skills and communication?

Can you describe how to make sure that training is effective, how the process of learning should occur in the workplace and then how workers should be assessed and appraised?

Can you outline the main provisions of relevant legislation on Health and Safety, what sources of danger there are in the workplace and how to prevent this danger?

Cab you describe possible sources of security breach in a workplace and how to prevent them?

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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.

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

CAT 6i Health Check

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

Do you know the fundamental accounting concepts and can you apply them to a range of different accounting situations and standards?
Have you learned, and can reproduce, the detailed content and notes for a set of financial statements?
Can you prepare a cash flow statement and the notes to it or interpret a cash flow statement if given one?
Can you deal with partnership accounts, knowing the appropriate law to apply and being able to do the double entry for the situations a partnership is likely to face?
Do you know and can you apply the main accounting standards for the elements on the balance sheet?
Do you know how to present taxation in company accounts?
Can you draft consolidated profit and loss accounts and balance sheets?
Can you explain the different treatments of goodwill and show how they impact a set of consolidated accounts?
Can you define, calculate and identify the limitations of ratios, and do you know which to apply in different situations or for different users?
Can you compare and contrast the form and content of financial statements for different organisation types?

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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.

CAT7 BPP Tips:

Following are the important Topics for this attempt.

* Principles of cost accounting/collecting and analysing cost information

* Variance analysis

* Forecasting/time series

* Decision making scenario/cost management/performance indicators

CAT 7 Health Check

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

Do you know about the role of a management accountant in detail, the limitations of management accounting information and how to collect, maintain and improve the information?
Do you know how to analyse and present information, including the use of index numbers?
Can you explain the budgetary process, including functional and departmental budgets, and how this ties into the planning and control cycle within an organisation?
Can you prepare master budgets and all the component parts of them, including the use of time series and scatter diagrams?
Can you calculate variances that arise from a flexible budgeting system, both in terms of physical units as well as pounds?
Can you explain why variances arise, how they are inter-linked and what action to take in response to a variance?
Can you work out suitable performance measures for an organisation (including job, batch, contract, service and process costing environments) and discuss the problems with selecting and monitoring the measures?
Do you know the different types of cost behaviour and apply these to different decision-making situations?
Can you prepare and explain break-even charts and profit-volume charts and then describe the advantages and disadvantages of using the analysis produced?
Do you know modern management theories including Life Cycle, Target, Activity Based costing and Total Quality Mangement?

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