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ACCA Exam Tips - December 2011 exams

VIVA Subject Guide
Please Note ACCA Exam 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)

Numbers in brackets indicate question to practice from BPP Revision kit Precedent, ratio and obiter (6) Consideration (24) Terms (28) Lifting the veil (63) Resolutions and meetings (84) Redundancy - explanation and rules (48 Auditors - qualifications, duties and powers (94 and 95) Invitation, offer, counter-offer, scenario Directors' appointment and removal (88) Alteration of Articles and binding force (69 and 70) Compulsory and voluntary winding-up (98) Shares and debentures (75) Bribery Act ( Student Accountant article ) F4 tips from Kaplan / BPP 

Tips for ACCA exam F5 "Performance Management"

Target costing / Lifecycle costing / Environmental Management Accounting (short written part) Multi-product cost volume profit analysis Budgetting (written part) / Time series / regression analysis Planning and Operational variances Performance measurement - financial and non-financial / Transfer pricing F5 Tips from Kaplan / BPP

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. F6 Exam tips from Kaplan / BPP

Tips for ACCA F7 Financial Reporting (INT)

q1 Consolidated balance sheet with subsidiary and associate q2 Preparation of SoFP and SoI ( maybe Statement of changes in equity too ) after making adjustments to trial balance or draft accounts q3 Cash flow ( probably with an element of interpretation ) q4 Development expenditure - chat and short calculation q5 IFRS9 - 10 mark chat F7 Exam tips from Kaplan / BPP

Tips for ACCA exam F8 Audit and Assurance (INT)

Q1 Inventory; stock count; computer assisted auditing techniques Q2 Internal audit v external audit; parts of an assurance engagament Q3 Corporate governance Q4 Going concern and audit reports Q5 Sampling F8 Exam tips from Kaplan / BPP

Tips for ACCA exam F9 Financial Management

1 Valuation of shares using PE ratio and using the dividend growth model (including using betas and using asset beta formula) 2 Investment appraisal - replacement and/or capital rationing and/or lease v buy 3 Receivables management (whether or not to offer discounts) 4 Part a) Rights issue and effect on some financial ratios Part b) Foreign exchange risk management F9 Exam tips from Kaplan / BPP

Tips for ACCA P1 Professional Accountant

q1 Internal control problems, role of the Chair, the contribution that neds can make to corporate governance q2 Corporate social responsibility - why and what q3 Internal auditors and their role in managing risk q4 Ethical problems - possibly a money laundering situation possible question - instead of any of those last three - a numbers question P1 Exam tips from Kaplan / BPP

Tips for P2 exam exams

q1 Vertical group, maybe a "D" shape, Statement of Financial Position, some ethics or corporate governance q2 Accounting treatment, possibly complicated inventory or substance over form - but it could be any IAS / IFRS / Framework-based question / Reconstructions q3 "Various IAS accounting treatment" ( 3 or 4 different IASs rather than a specific one as in q2 ) q4 Role of IFRS, the need for and an understanding P2 Exam tips from Kaplan / BPP

Tips for ACCA P3 exam Business Analysis

Q1 Normal appraisal and advice. Perhaps with takeovers and expected values Q2 Marketing, particularly pricing Q3 Project - project initiation documents and gateways Q4 Strategic use of IT Q5 Strategy and people P3 Exam tips from Kaplan / BPP

Tips for Paper P4 Advanced Financial Management

Section A Big investment appraisal / cost of capital calculation Managing interest rate risk Section B Managing foreign exchange risk Capital asset pricing model Written on quantitative easing P4 Exam tips from Kaplan / BPP

Tips for Paper P5 Advanced Performance Management

EVA Non financial performance measures Information needs of different business structures Different approaches to budgeting; beyond budgeting P5 Exam tips from Kaplan / BPP

Tips for ACCA P7 Advanced Audit and Assurance (INT)

q1 reply to an email from a partner about a new audit assignment / assurance engagement planning exercise - maybe where there was a suspicion of fraud last year and a change in management q2 an ethical problem with conflict of interest implications q3 roles and contrast of internal / external auditors, the need for and justification of an internal audit function q4 criticise an audit report Make sure to read Lisa's article from October 2011 student Accountant about "Completing the audit" possible question - comment on the matters and identify the evidence you would expect to find in the review process of an audit file P7 Exam tips from Kaplan / BPP

59 Comments

  1. mayfikry
    where are the f4 global tips???
  2. hamzatahir
    where is P6 :-(
  3. aird1990
    Thanks a lot!!!
  4. SRA
    Bribery Act ( Student Accountant article ) is this in F4...
  5. 1507797ayesha
    i cant seem to get d substantiive test n control test,its a bit confusing,wen i answer question n check the kit i get only a few correct n its slowing down my studies ,any help pls
  6. ammadoo
    @1507797ayesha, in substantive procedures just thik how u will check on that item urself is everything according to procedure and in test of controls u will check entitys control over procedure either all transactions r completed and all controls r properly using etc suppliers r paid after approval of finance manager so suppliers r paynig after approval or not....hope u understand...read everyline make ur assumpotion and points then in the end extract best points which u thik will be enough to demonstrate:)
  7. twesigye
    Please help me with the Mock for Paper3
  8. christian2010
    thanks for your help
  9. desydi
    what about tips for DipIFR exam December 2011 ? Thanks in advance.
  10. timo1901
    Hi- Your exam tips normally have the topics as well as the numbers of questions to practice in BPP revision kit, why you do not have them this time for P2 and P7?  Thanks
  11. boyxav1510
    i will like some one to help me with the key areas of P5 and P7 for the exams that most be tested
  12. agbeko
    P7 tips out!
    thanks
  13. zimbag
    help me with final strategy for P3,P4,P7
  14. iga4
    @zimbag, I like this combination(P3,P4 & P7) its what i did last sitting (june 2011) & passed all the papers. Please be focused, you gonna make it.
  15. hammadaslam
    hey please give me tips about p7 papers n good luck to all pals for their examinations
  16. menae4u
    Hi
    Please can you give me P6 Advance Taxtaion (UK)
    Exams Tips
    thank you
    I am Waiting for your reply
  17. razess
    what about tips for P2 and P7?
  18. scilla2011
    When are exam tips for P2 and P7 from Opentuition going to be available?
  19. chand1707
    when can we expect to get exams tips from Opentuition on paper P7?
  20. admin
    rakesh: F4 tips are on line....
  21. rakesh03
    I have been looking for Exam Tips for F4 Dec 2011
  22. kimberly
    i have been looking forward for the p7 tips from Opentution but todate nothing can any one shed any light
  23. karibo
    nice! for those that v relied on tips b4, dose it really work? say what %
  24. sandra1964
    Is there a difference in doing consol for a published listed company and a limited company. Specifically mid year acquisition?
  25. manze
    Much as tips are intelligent guesses, but can someone with at least right gueses ? Again i need mock exams for paper P1 and P3. Can someone assist / post ?
    Otherwise, good luck to all of us sitting for December 2011 exams
  26. naidooju
    Any good tips for P2....Please, this paper hates me
  27. alimohsin982
    one question from audit sampling is confirm
  28. onono
    pls help me out with p3 and p6 mock exam
  29. patrickdlamini2000
    Kindly help with mock exam papers for P7 and P1
  30. onono
    thanks alot guys,has anybody seen kaplan or bpp mock exam?.pls help me out if any
  31. camile29
    can someone please help with with some tips on CAT book 4 - cost accounting. its killing me and I cant find anyone to do so.
  32. brightsambo
    F7 and F9 tips please!!!!
  33. keke
    where can i get the sylabus for the acca foundation
  34. saad5541
    no tips for P6 ;(....
  35. roshdy0124881380
    hey all , BPP exam tips is not true its the same tips from JUNE 2011 ???? how come the same tips with the same topics its really misleading tips , my advice to u , plz plz don’t go behind this tips , try 4 a moment to imagine yourself in the exam hall and nothing from that come in the exam, just the answer is simple u will fail
  36. iga4
    @roshdy0124881380, Hi, Exam tips or no tips, you got to prepare, read and get set to pass. Please be focused, you gonna make it.
  37. kamwadi
    anyone with p4 mocks exams from anywhere please
  38. seachciao
    i appreciate your support and generous sharing.
  39. admin
    @ angela

    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.
  40. angelamupaso
    are they reliable i have never used them before but i am panicking this seating.. do they help???
  41. joexp7
    Plz download even for F7 asap
  42. hamzazafar
    thnxx... 4 uR imp guEss
  43. nomuzy
    thanks
  44. kyoto99
    need f9 tips.. ><
  45. innocent_love6
    icount exam tips

    December 2011 exam tips for ACCA candidates
    F4
    Contract breach
    Employment tests
    Company articles and memorandum
    Corporate governance
    Loan capital
    Limited liability

    F5
    Linear Programming
    Analysing Performance using Financial and Non Financial Indicators
    Activity Based Costing
    Relevant Costing
    Budgeting

    F6
    Adjustments to accounting profits to calculate income tax of a sole trader.
    Corporation tax basic groups.
    Chargeable gains for individuals or companies.
    Accounting for VAT, including registration dates.
    Income tax losses.

    F7
    Consolidated group accounts with parent, sub and associate – with intergroup trading, items in transit and FV adjustments.
    Redraft of single entity accounts with adjustments 3. Statement of Cashflow with liquidity ratios.
    EPS/Construction Contracts
    Features of a finance lease, with computations.

    F8
    System deficiencies and controls
    Corporate governance
    Audit assertions and appropriate audit procedures.
    Written representations
    Ethics and safeguards.

    F9
    Net Present Value
    Working Capital Management
    Types of finance and WACC change in Business Risk
    Analysing performance financial & non financial measures
    PE and DVM valuations

    P1
    Transaction cost versus agency theories
    Board committees
    Risk management and the role of internal audit
    Controlling organisational risks
    Absolutist versus relativist ethical theories
    Professional ethics

    P2
    Consolidation Statement of Comprehensive Income (with complex groups)
    Consolidated Statement of Cashflow
    Accounting treatment for Pension / Share based payments.
    Current developments within IFRS’/IAS’
    Financial instruments at FVTPL and amortised cost.

    P3
    Project management skills
    Internal resources and competences
    Supply chain management
    Decision tree
    Budgeting
    Change management

    P4
    Overseas Net Present Value
    Financing incorporating change in Business Risk
    Black Scholes
    Corporate failure
    Interest rate risk management

    P5
    Quality measurement
    PEST/Porters 5 forces
    Incremental Budgeting
    Public sector performance measurement
    Activity Based Costing

    P6
    Advising on IHT mitigation with CGT aspects of lifetime gifts.
    Corporation tax groups with VAT groups.
    Sole trader trading losses.
    Employee share schemes.

    P7
    Audit opinion
    Evidence
    Transnational audits
    Business and financial statement risk
    Ethics
    Quality control
    source: PQ Magazine
  46. djones007
    Thanks pal....Bless
  47. accafritz
    great
  48. ndunda
    somebody with tips for f9 p1 f7 p2 kondly post and any mock exam wishing all the best in your preparations .God bless
  49. hemachoolhye
    thx.. but need for P1
  50. judi
    I was waiting impatiently and at last ! Thank you!
  51. olakunleoladipupo
    Kaplan P4 Exam Tips!!!
    * NPV - including foreign currency cash flows
    * Bond Yield and Bond Values
    * Risk adjusted WACC
    * Discussion of financing options
    * Interest rate hedging - options, futures and FRAs

    Kaplan P6 Exam Tips!!!
    * Overseas aspects of CGT
    * Corporation tax groups with consortium relief
    * VAT groups
    * IHT vs CGT
    * Lease vs buy assets
    * Employment income: share options and redundancy payments

    Anybody with more P3, P4 and P6 exam tps should please post them. Thanks
  52. afifhere
    how come you've targeted 5 Questions for P3..I thought there is suppose to be only 4 ( 1 compulsory and 3 optional)
  53. Et
    I will give you my Tips . Don't relay on the intelligent guesses just do as much as you could and face the devil !!
  54. wadnasor
    Very good.
  55. ssk19
    Need F7 tips for December 2011 ASAP! As i can see the tips given for june 2011 questions 4 & 5 actually came!
  56. jadu
    need p7.....
  57. irisc
    well i got some tips of the f9 last week friday, which is the same as the one i got for f8, but why is the f9 not here. wld it be diff from this one?
  58. nellyng
    Thanks for providing us the study material, latest news as well as tips...appreciated ^^
  59. musoke
    Thanks for your good notes

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