Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Advice needed:- Doing P6 without doing F6
- This topic has 10 replies, 3 voices, and was last updated 7 years ago by Anonymous.
- AuthorPosts
- November 25, 2016 at 1:36 pm #351408
Hi everyone,
I was exempt from a large number of F papers due to my university degree, which I fully took advantage off when I first started work.
Obviously as time goes by, I feel that perhaps it would’ve been better to get a more solid foundation but nevertheless, what’s done is done.Anyhoo, I’ve made it to my last final 2 exams (P6 Tax & P7 Audit) and I will soon be buying the course to be ready for March 2017 exam.
I’d like to do some additional preparation work, to give myself a solid foundation before starting the course in January 2017 with BPP.
My personal life rarely leaves me with 1-2 hours an evening (if I’m lucky) to myself, but I try to make up for it by studying in the car and work through my lunch hours and try to do the best I can and made it this far doing so.
So if possible, I’d like to know about topics or calculations that I MUST learn for P6 as I have very little knowledge as to what to expect.
Thanks very much 🙂
Edit:-
I had hoped that there was a study guide & lecture notes by opentuition for P6 but I lucked out on that one ^_^
I’ll use this opportunity to say thanks to you guys though as you have helped me plenty by providing these materials for free (particularly for P3 which I solely used opentuition)November 25, 2016 at 10:23 pm #351510F6 knowledge is still examinable at P6, I would say it probably accounts for 75% of the syllabus.
My suggestion is: go through the material and the lectures for F6 (which are brilliant) and purchase the P6 Kaplan study text to cover the advanced topics.
The book is huge but is full of examples and very clear schemes/mind maps.You can also purchase the P6 set of recorded lectures from Kaplan for £45 which also covers F6 revision.
The lectures are pretty good and comprehensive (if you can get past the monotone voice of one of the ladies…. don’t know, maybe she speaks like that so that everyone can understand).And finally, as you certainly know at this level, practise, practise, practise all the questions from your revision kit until you are very comfortable with all the topics.
I will be sitting P6 (and P4, my last 2 papers) in December and that’s my study strategy.
I hope this helps, good luck.November 26, 2016 at 8:44 am #351554@palmy said:
F6 knowledge is still examinable at P6, I would say it probably accounts for 75% of the syllabus.
My suggestion is: go through the material and the lectures for F6 (which are brilliant) and purchase the P6 Kaplan study text to cover the advanced topics.
The book is huge but is full of examples and very clear schemes/mind maps.You can also purchase the P6 set of recorded lectures from Kaplan for £45 which also covers F6 revision.
The lectures are pretty good and comprehensive (if you can get past the monotone voice of one of the ladies…. don’t know, maybe she speaks like that so that everyone can understand).And finally, as you certainly know at this level, practise, practise, practise all the questions from your revision kit until you are very comfortable with all the topics.
I will be sitting P6 (and P4, my last 2 papers) in December and that’s my study strategy.
I hope this helps, good luck.Phew, I actually feel quite reassured by your reply regarding F6, as I’ve actually decided to quickly have a crash course (Starting today!) and study F6.
Are there any topics that you feel I should focus particularly on, as I’m curious to know what topics are likely to be carried forward. I’m only aiming to study efficiently but productively and if I feel like I have time, I’ll go back and study the topics to gain further support on my foundation.
November 26, 2016 at 10:09 am #351567You will have to become very familiar with the entire F6 syllabus, I am afraid (but don’t worry, the tax tutor follows a step by step approach that will make your life easier).
Income tax for individuals for example, you will not be asked to prepare a full tax computation as we do in F6: the examiner expects you to work at the margin, showing how much tax can be saved according to the different options available, but to do that you need to have an understanding of the basics.
Trading profits, basis periods and loss reliefs are tested regularly as well as VAT, corporation tax and groups taxation.
Cgt and Iht tax are two subjects that can lead to confusion and are often tested in the same question: you will need to know your F6 stuff very well there.
Also pensions schemes and NCI contributions feature regularly in the exam.
New topics at P6 level include the overseas aspects of every tax and additional reliefs. Questions will now have large multitax scenarios, where you will have to evaluate the interaction of different taxes or tax planning measures.
You will also need to show the ability to provide advice to your client in a professional manner.
Hth.November 26, 2016 at 10:38 am #351588@palmy said:
You will have to become very familiar with the entire F6 syllabus, I am afraid (but don’t worry, the tax tutor follows a step by step approach that will make your life easier).
Income tax for individuals for example, you will not be asked to prepare a full tax computation as we do in F6: the examiner expects you to work at the margin, showing how much tax can be saved according to the different options available, but to do that you need to have an understanding of the basics.
Trading profits, basis periods and loss reliefs are tested regularly as well as VAT, corporation tax and groups taxation.
Cgt and Iht tax are two subjects that can lead to confusion and are often tested in the same question: you will need to know your F6 stuff very well there.
Also pensions schemes and NCI contributions feature regularly in the exam.
New topics at P6 level include the overseas aspects of every tax and additional reliefs. Questions will now have large multitax scenarios, where you will have to evaluate the interaction of different taxes or tax planning measures.
You will also need to show the ability to provide advice to your client in a professional manner.
Hth.Well, I guess I better get grafting!
Thanks very much for the tips.Thankfully, I remember a few information from what I did back in university but it’s an interesting topic considering I’d like to start doing some more tax work at my current work place 🙂
November 26, 2016 at 10:53 am #351596You are welcome 🙂
November 26, 2016 at 10:56 am #351600Actually, one more thing though it may seem silly:-
As I’m doing the computations would it be alright if I simply write:-
NS for Non-Savings
S – Savings
D – Dividendsetc. to save time on writing the whole description as doable in other exams?
November 26, 2016 at 12:54 pm #351631Abbreviations are perfectly fine, examiners will have no problem with that as long as people use them sensibly.
What really drives them nuts is the use of texting language in the scripts…. yep, some people do that…November 26, 2016 at 1:12 pm #351632i dnt no wat u mean
hue hue thanks again ^_^
November 26, 2016 at 1:38 pm #351635LOL
December 5, 2016 at 10:31 pm #354341AnonymousInactive- Topics: 0
- Replies: 3
- ☆
Hey man do u live in London, do u want to study together as I taking p6 for the first time
- AuthorPosts
- You must be logged in to reply to this topic.