Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › F8 Exam Tips by Kaplan, Bpp, 7 city and LSBF june 2010
- This topic has 10 replies, 9 voices, and was last updated 14 years ago by Anonymous.
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- June 5, 2010 at 7:01 am #44427AnonymousInactive
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Here are the tips
7City says:
• Professional ethics focused on
independence and confidentiality.
• Internal controls within a
purchases system possibly as an
extract from a management letter.
• Modified audit opinions including
inherent uncertainty and the link to
going concern.
• Events after the period end date.
• Substantive audit procedures to
validate accounts payable.
• Financial statement risk.BPP says:
• Not-for-profit organisations.
• Risk assessment.
• Ethics.
• Computer based auditing.
• Analytical procedures.
• Fraud.Kaplan says:
• Systems: purchases.
• ISA 570 going concern.
• Ethics.
• Not-for-profit organisations.
• Completion and auditor’s reports.LSBF says:
• There’s a new examiner for F8, so
there is no history from which to
project. Based on past exams look
out for:
• Inventory and purchases.
• Risk and ethics.
• Non current assets and CAATs.
• Reporting and going concern.OpenTuition Says:
Sales system/receivables, including audit planning.
CAAT
Analytical procedures
Reasons for qualifying – Clarity statement
Events after the period end
Ethics and risk/client acceptancJune 5, 2010 at 7:27 pm #62100Brilliant. Thank you.
June 5, 2010 at 7:48 pm #62101can i get P4 tips pleasee
June 6, 2010 at 12:58 am #62102AnonymousInactive- Topics: 0
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Thank you so much.
June 6, 2010 at 7:26 am #62103AnonymousInactive- Topics: 6
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hi ee
yes sure for P4 Advanced Financial ManagementBPP says:
Role and responsibility towards stakeholders:
• Ethical issues continue to appear regularly as an optional discussion question, normally with practical financial issues from elsewhere in the syllabus. The discussion question is normally one of the easier optional questions.Advanced investment appraisal:
• The compulsory question often features an NPV question with an analysis of risk. Cost of capital calculations are regularly tested, make sure that you are comfortable adjusting betas for differences in gearing. Real options and adjusted present value are also popular themes, and are normally tested in section B of the exam.Acquisitions and mergers:
• Although this area was heavily examined in December, this exam normally contains a question involving valuations which the examiner sees as a crucial part of the syllabus.Corporate reconstruction:
• This is a topical area; a question could also ask you to evaluate a capital reconstruction e.g. a business that is considering offering its creditors shares in order to enable it to survive.Advanced risk management:
• We would expect to see a numerical risk management question featuring either interest rate or exchange rate hedging. Foreign currency derivatives are due to be tested numerically; the new examiner has indicated that questions may well ask you to compare the results of a hedge using a number of different hedging techniques.Kaplan says:
• Acquisitions and business valuation (especially free cash flow method)
• Net Present Value
• Black Scholes model, but not the Grabbe variant
• WACC
• Interest rate hedgingJune 6, 2010 at 8:47 am #62104AnonymousInactive- Topics: 0
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so kind of you
June 6, 2010 at 11:07 am #62105Awesome post – thank you!
June 6, 2010 at 11:16 am #62106a great job, but just remember that these are intelligent guesses.
June 6, 2010 at 4:45 pm #62107thnx 4 these!!!!!!!!!!!!
June 6, 2010 at 5:55 pm #62108hey bro thanks for these i need tips for f4 n p1 aswell plz post them or mail them to me at
thanks!
June 6, 2010 at 6:30 pm #62109AnonymousInactive- Topics: 6
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@1777731 said:
hey bro thanks for these i need tips for f4 n p1 aswell plz post them or mail them to me atthanks!
oh paleeees i would have pasted if only i had time to paste them. For now i have to go and study! F8 exam is on wed ..
why dont you try search them on google ? i took these tips from pqmagazine site
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