ACCA Exam Tips June 2015 Exams

ACCA Exam Tips should not be relied on, they are only intelligent guesses, Do NOT exclude other topics from your overall preparation.

The only purpose of the ACCA Exam Tips is to give you suggestions for topics to concentrate on in your last few days of preparation.


To get the most from your exam preparation make sure to use:

Free ACCA Lectures | ACCA lecture notes and practice as many past exam questions as possible!

See also:

Before the ACCA Exam Checklist  | How to pass ACCA exams | Exam Preparation Advice  and check all the latest Student Accountant Technical Articles.

 


See also:  BPP, LSBF, First Intuition Exam Tips


Exam Tips for ACCA F1 – F3

No exam tips available – Multiple choice questions cover entire syllabus

BUT you can speed up your ACCA exam preparation, get free:

ACCA F1  notes –  free F1 lectures | ACCA F2 notes – free F2 lectures | ACCA F3 notes – free F3 lectures

F1 Revision Mock exam | F2 Revision Mock exam | F3 Revision Mock exam


ACCA Exam tips for Paper F4 English & Global

No exam tips available – Multiple choice questions cover entire syllabus

The F4 exam will be a 2 hour paper, with all questions being compulsory.

There will be two sections to the exam:

Section A – will comprise 25 objective test questions of 2 marks each, and 20 objective test questions of 1 mark each.

 

Section B  – will comprise five 6 mark multi-task questions.

GLOBAL Variant tips

1 – Arbitration (challenge the makeup of the arbitration panel or the identity of one of the panel)
2 – Partnership liability / one partner exceeding authority
3 – Company law – directors
4 – International sale of goods dispute,
5 – Insider dealing
English Variant tips
1  – Contract law, breach of contract or invitation, offer, acceptance
2  – Partnership liability / one partner exceeding authority
3  – Company law – directors
4 –  articles of association
5 – Insider dealing

 

F4 GLO objective test exam (Section A) | NEW! F4 ENG objective test exam (Section A)

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ACCA Exam tips for Paper F5

Section A – 20 MCQ’s from throughout the syllabus

Section B – 5 questions:

– Target costing + Lifecycle costing

– Linear programming

– Planning and operational variances

– Transfer pricing

– Non-financial performance measures

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F5 objective test exam (Section A)

 

 


ACCA Exam tips for Paper F6

F6 tips are available here

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ACCA Exam tips for Paper F7

Section A

40 marks MCQ anywhere from the syllabus

Section B

In addition to the 20 mcqs, there are 2 questions worth 15 marks each and will likely be based on one or more IAS / IFRS and or recent articles from Student Accountant

Possible topics and related articles include:

  •   IAS 18 Revenue and the article “Revenue Recognition”
  •   IAS 17 Leasing and two articles “Accounting for Leases” and “Leases – Operating or Finance”
  •   IAS 41 Agriculture  (question in the course notes)

And the last question for 30 marks – cash flow with maybe a bit of comment on financial situation (last two exams have had financial performance evaluation / commentary)

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F7 objective test exam (Section A)

 

 


ACCA Exam tips for Paper F8

Section A – All topics will be examined

Section B

Audit risk and audit planning including analytical procedures

Audit evidence and procedures: receivables

Internal controls – payables system

New audit engagement and engagement letter

Ethics

 

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F8 objective test exam (Section A)

 


ACCA Exam tips for Paper F9

Section A – 20 MCQ’s from throughout the syllabus

Section B – 5 questions:

– Management of receivables

– Valuation of business (using PE ratio, and using dividend valuation model)

– Investment appraisal – NPV calculation (plus capital rationing)

– WACC calculation (including CAPM)

– Gearing (financial and operational)

 

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F9 objective test exam (Section A)

 


ACCA Exam tips for Paper P1

The paper title gives pretty strong clues about the likely content of the exam!

Question 1 will probably be the “usual” 500 – 700 word case study with sub questions covering governance, risk AND ethics with a part question asking for something like a chair’s address to the members at an AGM or a report to, say, institutional investors

Questions 2, 3 and 4 could have at their root a topic covered by recent Student Accountant articles including any or all of the following:

  •   Diversifying the Board
  •   Integrated Reporting Framework
  •   CSR Strategy and Strategic CSR
  •   Environmental Accounting and Reporting

but, throughout the paper, the underlying themes will be governance, risk and ethics

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ACCA Exam tips for Paper P2

Question 1 A “D” shaped group question including also a joint venture with all the usual problems (unrealised profits, goodwill impairments, share based payments, pension funds)

Questions 2 and 3 – typical questions with various IAS / IFRS issues

Question 4 – current issue question. Recent technical articles in Student Accountant include:

  •   Integrated Reporting
  •   Hedge Accounting
  •   Impairment of Financial Assets
  •   Leasing – Operating or Finance
  •   Concepts of Profit or Loss and Other Comprehensive Income
  •   IAS 41 Agriculture

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ACCA Exam tips for Paper P3

Strategic position (PESTEL, 5 Forces, resources) and recommendations for improvement

Job design

IT security

Activity based costing

Integrated reporting

Culture

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ACCA Exam tips for Paper P4

Question 1:

– Investment appraisal of investment in foreign country

– calculation of cost of capital to apply

– ethical considerations

Choice questions:

– Foreign exchange risk management

– Duration

– Written question on effects of a country leaving a common currency (such as Greece leaving the Euro)

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ACCA Exam tips for Paper P5

EVA

Balanced scorecard

Transfer pricing

Quality

Learning curves

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ACCA Exam tips for Paper P6

Detailed P6 tips coming soon


ACCA Exam tips for Paper P7

Usual question 1 – an email from a partner asking for your response and concerning a forthcoming audit where the partner has had a preliminary meeting that has revealed a number of accounting and auditing issues.  Those issues could very likely involve various risks and the categorization of those risks.  In addition, there could well be ethical matters to be brought in as well as professional considerations

As question 2, coming out of left field, I like the idea of the need for, and identification of, appropriate procedures instituted by companies for the protection of their employees from the threats caused by bribery

Questions 3, 4 and 5 could be based on any or all of recent articles from Student Accountant.  These include:

  •   Professional Scepticism
  •   Using the Work of Internal Auditors (last exam was reliance on an expert)
  •   Staying on the right side of Ethics
  •   Answering questions involving Accounting Issues

Also, again a flyer, auditing the financial statements of a farm bringing in IAS 41 Agriculture matters

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