F8 INT Group study sessions – Dec 2011

Dear F8 Int Students,

You are invited to the following group study sessions.

We will to follow official ACCA syllabus, which can be found here :
https://www2.accaglobal.com/pubs/students/acca/exams/f8/syllabus/f8int_syll_sg2011.pdf

However, the choice of topics will depend on our progress.

Part A – Audit Framework and regulation
Thursday 14th July 2011 @ 6:30 pm UK – Chapter 1
Thursday 21st July 2011 @ 6:30 pm UK – Chapter 2, 3 , 4

Part B – Internal audit
Thursday 28th July 2011 @ 6:30 pm UK – Chapter 1 , 2, 3
Thursday 4th August 2011 @ 6:30 pm UK – Chapter 4, 5

Part C – Planning and risk assessment
Thursday 11th August 2011 @ 6:30 pm UK – Chapter 1,2,3,4
Thursday 18th August 2011 @ 6:30 pm UK – Chapter 1, 4

Thursday 25th August 2011 @ 6:30 pm UK – Chapter 5,6,7

Part D – Internal control
Thursday 1st September 2011 @ 6:30 pm UK – Chapters 1, 2
Thursday 8th September 2011 @ 6:30 pm UK – Chapters 2,3,4,5,6

PART E – Audit Evidence

Thursday 15th September 2011 @ 6:30 pm UK – Chapters 1, 2
Thursday 22nd September 2011 @ 6:30 pm UK – Chapter 3 (i)

Thursday 29th September 2011 @ 6:30 pm UK – Chapter 3 , continue
Thursday 6th October 2011 @ 6:30 pm UK – Chapter 4,5 ,6 ,7

PART F – Review
Thursday 13th October 2011 @ 6:30 pm UK – Chapter 1, 2
Thursday 20th August 2011 @ 6:30 pm UK – Chapter 3, 4

PART G – Reporting

Thursday 27th August 2011 @ 6:30 pm UK – 1,2,3
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November 2011 – revision period.

** These sessions will be taking place in the Open Tuition F8 chat room which you can access via the link below https://opentuition.com/chatroom/

All F8 int students are encouraged to join those sessions.
No matter which textbook you use , from official publisher or not , no matter if you are a self – study student or u follow full time or distant learning tuition, I am sure that this exchange of experience will benefit all of us.

For those who can’t make themself start studying, participation in this session can become a good motivation and for those who already went far with their studies it can become a good place for revision . Also those students who have already passed this paper are very welcome to join those sessions when they have time , to exchange their experience.

We should all study the relevant chapters before each session has started. The session will reinforce our knowledge of what we have already read. We can discuss, share mind maps, notes, test each other. etc.

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FAQs

How to make the best out of these group study sessions?
Please come prepared! Make a list of questions if possible for sessions so that you can get your questions answered

What time will the sessions take place in my country?
To check what time it will be in your country, use this converter https://www.timeanddate.com/worldclock/converter.html

Any guidelines I need to be aware of before joining?
Yes! Please visit this link for more details https://opentuition.com/groups/general-acca/forum/topic/rules-and-guidelines-for-study-sessions/

What if I can’t attend the study sessions?
Don’t worry! All chat sessions will be saved and posted here :
https://opentuition.com/groups/f8-audit-and-assurance/forum/topic/all-f8-int-chat-histories-for-the-group-study-sessions/

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thanks!

regards,
ansi

SESSION 2

Previous session showed that F8 will require lots of theoretical studies and regular revision.

I should say that we didnn’t really cover chapter 2, so most likely we will make some overview of this chapter again.

Please pay attention to each and every part of relevant chapters and don’t leave anything not covered.
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Topics for discussion

2. Statutory audits
Questions to practice:
Past papers : Dec’ 08 – Q2(b)
BPP revision kit: Q4
Kaplan kit:

3. The regulatory environment and corporate governance
Questions to practice:
Past papers : PP – Q3 (b, c), June’09 – Q 4(b), Dec’ 09 – Q2(b)
BPP revision kit: Q 5,6
Kaplan kit:

4. Professional ethics and ACCA’s Code of Ethics and Conduct
very boring topic but highly important for us and often examined, so make all possible effort to understand it and memorize relevant bits.

Read a brief description of it here: https://www2.accaglobal.com/documents/CofEC.pdf

You can find this Code in ACCA rulebook 2011 here :
https://rulebook.accaglobal.com/banner.html

Questions to practice:
Past papers : PP – Q2(a), Q3 (a), Dec’07 – Q2(a), Dec’08 – Q3 (a), June’09 – Q5 (b), June’11 – Q2 (b), Q4 (c)
BPP revision kit: Q10, Q11, Q12
Kaplan kit: Q22(a), Q28
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We won’t have time in session to discuss everything till details as we have just 1 session per week, so please come prepared, so that you can benefit from session
and not just waste your time.

SESSION 4

We did well last time and so we manage to follow the schedule.
For this session the plan is to finish with module B by discussing last 2 chapters:
outsourcing the internal audit function and internal audit assignments.

Small but quite important topics.

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Topics for discussion

4. Outsourcing the internal audit function
Questions to practise:
Past papers : June’08 – Q4
BPP revision kit:
Kaplan kit: Q37

5. Internal audit assignments
Questions to practise:
Past papers :
BPP revision kit: Q15
Kaplan kit:
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see you in session!

SESSION 6

So , what can be said,
last time we covered many different concepts from here and there.
We didn’t strictly follow planned topics and discussed a bit about materiality and fraud.

However, to make it look more organized i will post about different topics here.

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Topics for discussion

3. Understanding the entity and its environment
Questions to practise:
Past papers : Dec’09 – 3a, Dec’10 – Q4
BPP revision kit:
Kaplan kit:

4. Materiality, fraud, laws and regulations
Questions to practise:
Past papers : June’09 – Q5b (i), June’10 – Q2b
BPP revision kit: Q22
Kaplan kit:
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Technical articles to read are the same as for last time, as we are still studying risk and thus they are