F6 ACCA Exam Tips for December 2011 - ACCA Global Accountancy Discussion Forums

Robinhood · 11-27-2011, 04:05 AM

F6 Taxation
December 2011 ACCA Exam Tips

Use the following ACCA Exam Tips as important areas to cover but remember that no one knows what can come in your F6 December 2011 ACCA Exam, apart from David Harrowven (F6 examiner). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in every sitting of F6 Taxation Exam.

Bpp F6 December 2011 ACCA Exam Tips

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Question 1 will test income tax with maybe a VAT section attached as a separate part. The income tax will focus on a self employed individual with property income and some investment income. The VAT section could look at calculation of VAT payable, penalties and special schemes.
Question 2 will test corporation tax and could involve a long period of account, capital allowance computations for plant and machinery, computation of corporation tax payable and payment of tax.
Question 3 will test capital gains tax from an individuals’ perspective. This question will involve a number of different disposals involving entrepreneurs’ relief, part disposals, chattels and shares with a computation of capital gains tax payable. It is possible this question could alternatively involve a company disposing of shares.
Question 4 & 5 will test anything else. Possible topics that may be examined here are:
- commencement, cessation and change of accounting date rules for sole traders and partnerships
- inheritance tax testing the inheritance tax liabilities on lifetime gifts and as a result of the individual’s death.
- Group relief
- Overseas aspects of corporation tax
- Self assessment system
- Badges of trade
- Corporation tax loss relief

Kaplan F6 December 2011 ACCA Exam Tips

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Income tax
Husband and wife
Joint investment income
Adjustment of profits
Income tax trading loss
Corporation tax
Capital allowances including IBA
Penalties for late filing of return
Interest on late payment of corporation tax
VAT
VAT return – including some discounts and impaired debts relief
Cash accounting scheme/Flat rate scheme

First Intuition F6 December 2011 ACCA Exam Tips

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Resident status
BIKS and employment v self employment
Badges of trade
Adjustment of profits
Basis periods – change of year end
Capital allowances
Partnerships
Property profit
Income tax computation
Corporation tax with group relief
CGT – chattels, PPR, rollover relief, gift relief
NI – Class 1,2 and 4
VAT – cash accounting, default surcharge
Payments on account