Please Note Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation.
Do not exclude other topics from your overall preparation.
Tips for ACCA F1 – F3
No exam tips available – Multiple choice questions cover entire syllabus
Tips for ACCA F4 Corporate and Business Law (Eng)
1 Interpretation of statute
2 either rules relating to acceptance of offer (16) or question on terms (25)
3 either agency (49) or partnership (50) or (55)
4 veil of incorporation (57)
5 directors (87) (96)
6 auditors (89)
7 employment (41 - 48)
8 typical question 8
9 types of investment (69)
10 liquidation (95)
(numbers in brackets are Questions to practice from BPP Revision kit)
Tips for ACCA exam F5 "Performance Management"
1 Variance analysis - mix & yield
2 Learning curves and Target costing
3 Divisional financial and non-financial performance
4 Throughput accounting
5 Decision making under uncertainty (maximin etc.)
Tips for ACCA exam F6 "Taxation" (UK)
F6 is very predictable so no tips as such Practise as many exam standard questions as you can. Make sure you do to time.
After the 15 minute reading time you have 1.8 minutes per mark. If a question is split between part (a) 10 marks and part (b) 10 marks then only spend 18 minutes on part (a) and then move on to part (b).
Look at all the requirements of the question, can you answer an easy parts first, for example one part maybe standalone and on something very straightforward, so do this part first You do not have to answer the questions in the order they are set, if question 5 is the easiest do this one first.
Question 3 will be the hardest so leave this until last but make sure you leave 36 minutes to answer it. Do not panic if you can't remember something in a question, don't spend too much time trying to remember it, have a go or even guess. Then you can move on to other parts of the question. Above all you need 50% to pass, so find the marks you can do. There will always be more than 50% of the question which is examining core areas of the syllabus, only a few marks will be fringe areas, but you do not have to worry about these as you can find the 50 marks you need to pass.
Tips for ACCA F7 Financial Reporting (INT)
Q1 Consolidated Statements of Income AND of Financial Position - question
Pedantic ( 31 ) subsid, but no associate
Q2 Preparation of Financial Statements - any of the questions from the BPP
revision kit (5) Winger through to (13 ) Pricewell AND questions 24 - 26
Telenorth - Partway
Q3 Cash Flow AND report (71 ) Bigwood
Q4 Provisions and contingencies (51) Promail
Q5 Impairment of assets ( 21 ) Advent
(Numbers in brackets indicate questions to practice from BPP Revision kit)
Tips for ACCA exam F8 Audit and Assurance (INT)
1 Sales system internal controls and weaknesses
2 Corporate governance
3 Analytical procedures perhaps with reference to trade payables and accruals
4 Sampling
5 Audit reports, perhaps combined with events occurring after the reporting period
Tips for ACCA exam F9 Financial Management
1 Inventory control calculations + written on Miller-Orr cash management
2 NPV with inflation and tax + IRR, payback period, accounting rate of return
3 Business valuation, with WACC and CAPM + calculation of asset beta from equity beta
4 Foreign exchange risk - forward contracts and money market + written on other methods available
Tips for ACCA P1 Professional Accountant
Dominant director question, corporate governance ( 46 )
Kohlberg ( 54 )
Gray, Owen and Adams ( 41 and 44 )
Deontology and teleology ( 40 )
Internal and external auditors comparison ( 29 )
Corporate social responsibility ( 52 and 50 ( not part e ))
Nominations committee ( 10 ) and risk committee ( 23 )
Tips for P2 exam June 2010 exams
Question 1
Consolidation - cash flow ( favourite ) foreign ( possible ) or "traditional" ( less likely ) 35 marks.
Other 15 marks ethics or environment
Questions 2 and 3
Typical questions from P2 - probably one report to directors about a specific IAS ( possibly Revenue - but could be anything! ) and various problems which the directors are facing. The other covering a variety of IAS / IFRS and a comment about proposed treatment.
Question 4
Current issues. Check out Graham Holt's article on SMEs from April Student Accountant ( ? ) and Lisa Weaver's article from the October edition on leases, deferred tax and management reports
Tips for ACCA P3 exam Business Analysis
Question 1
Company appraisal/generic strategies, strategic clock; Ashridge portfolio display
Questions 2 - 4
Project management especially project initiation document and project manager
The strategic use of IT Company structure, culture and ethics
Tips for Paper P4 Advanced Financial Management
Section A
- WACC and discussion of different methods of financing
- Business Valuation
Section B
- Option pricing
- Foreign exchange risk management
- Discussion about the merits/risks of quantitative easing
Tips for Paper P5 Advanced Performance Management
Section A
- Preparation of budget and actual profit statements
Importance of non-financial performance measures
- Report on divisional performance - discussion of trends from several years accounts
RI / ROI / EVA calculations
Section B
- Decision making under uncertainty (maximin etc..)
- Transfer pricing
- Reward schemes
Tips for ACCA P7 Advanced Audit and Assurance (INT)
q1 Business risk tied up with financial statement risk ( Hydrasports )
q2 Going concern - theory ( Audit Reports ) and scenario ( Cinnabar )
q3 Scenario and then "Comment on the matters you should consider and
state the audit evidence you should expect to find" ( loads of questions in
the revision kit like this )
q4 Ethics - 3 or 4 ethical issues ( Bartholeme ) and / or money
laundering (Dedza ) ( Naze )
q5 Audit reports - critically appraise ( Pluto ), ( Cleeves ), ( Axis )
Words in brackets refer to questions in the BPP 2010 revision kit
Tips by other providers (BPP, Kaplan, LSBF):
F4,
F5,
F6,
F7,
F8,
F9,
P1,
P2,
P3,
P7
thanks
E-MAIL ADRESS kmohamedlamin@yahoo.com
Could anybody out there assist me with kaplan Mock Exams for Dec. 2010?
numbers in brackets appears to be question number in the revision kits (either BPP or Kaplan)
sorry people i 4got to mention corporate re construction (share repurchase e.g June 2009 Q2 and valuation of merger/acqusitions. for option i feel we should concerntrate on real options.P4 topics are highly interlinked. the examiner has emphasised tht we carefully study the december 2009 exam paper.his exams will be more analytically complex than Ryan's technical complex questions.we shud ensure tht we read his recent articles.i like them they r mind openers.
people these are just my views based on 3 times i have attempted this paper.hope to pass it and b an affiliate.whooo i cant wait!
am sure opentuition will soon give us more tips.
z-score, APV adjustng betas, option valuation exminer article refered to it again, risk management (currency future, currency options)
Q5 quantitative easyng/ethics in finance etc anythng P1 related or current debt issues in europe.
Lots of reading of questions
Number crunching galore
Options valuation fetish like Bob Ryan
Think the man is insane
TMT
Thanks
and ensure that we have covered each and everything of the syllbus
Good luck
when r u going to publish p 7 exams tips?
time is ticking, keep studying :) dont wait for the tips! these are only guesses, not certainty! never rely on tips!
tips will come later this month.
South Africa
Just as others have stated, kindly provide us with other professional quess from other relevant sites most especially the tuition providers.
Keep up the good job
Omolad(Nigeria)
Best of luck,
SamSeiko
could you please tell me, under the F4 tips what does the nos in the bracket means? are those questions from the revision kit? if yes, then which revision kit, because i am using BPP.
Thanks
I am going to sit paper F9 , i would like to know if you:
- If you could send the tips for the paspt papers ( Dec 2007 to June 2010) to see if they came up-
-if you advise to paractise some specific questions from Kaplan or BPP book
Thank you in advance for yor asnwers
Selim
Thanks for any assistance.