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 Supreme Court article in January Student Accountant or /ratio/obiter/reversing (June 05)
2 Meetings and resolutions - special resolution, special notice, special business (Dec 08)
3 Company secretary (June 05) or difference between executive and non-executive directors (June 08)
4 Debentures - ( fixed and floating ) (June 04) or comparison of debentures with shares (June 08)
5 Agent authority (Dec 01)
6 Employment law - explanation of unfair and wrongful dismissal (Dec 07/ Dec 08) or difference between employed and self-employed (June 08)
7 Tort and remoteness of damage (Dec 07)
8 Usual question 8 - contract law with invitation, offer, counter-offer, option period, breach - advise the parties
9 Partnership / liability of partners (June 08) / (Dec 08)
10 Insider dealing (June 09) or Money laundering (Dec 05)
Tips for ACCA exam F5 "Performance Management"
Question 1
ABC
Question 2
Linear Programming or Decision Theory
Question 3
Budgeting written + preparation of flexed budget
Question 4
Mix & Yield variances
Question 5
Divisional performance measurement + transfer pricing
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)
1 Consolidated Statements of Income and financial Position with subsidiary and associate
2 Preparation of a company’s financial statements from an adjusted trial balance
3 Report on a company’s performance including ratio calculations. Maybe with a relatively straight forward cash flow
4 Construction contracts
5 IAS 8 on prior year adjustments and changes in accounting policies
Tips for ACCA exam F8 Audit and Assurance (INT)
Sales system/receivables, including audit planning.
CAAT
Analytical procedures
Reasons for qualifying - Clarity statement
Events after the period end
Ethics and risk/client acceptanc
Tips for ACCA exam F9 Financial Management
WACC / NPV / IRR
Debtors Management / EOQ / overtrading
Business Valuation etc (Q54)
Foreign exchange risk
Tips for ACCA P1 Professional Accountant
1) Something to do with External and Internal Actors - Student Accountant Article from August 2009 . Scenario involving chair who is also chief exec, too few neds, domination by one person and ineffective other board members. Role of Corporate Governance and critical commentary about why this company fails and how it could improve. 5 marks worth of definition about transparency and integrity
2) Report ( or memo ) requiring identification of business risks and recommendations of how to best manage those risks
3) Role, function and responsibilities of internal auditors and maybe a comparison with external auditors
4) Scenario question with some very questionable ethical activities - maybe incorporating problems for both directors and auditors
Tips for P2 exam June 2010 exams
Q1 Foreign Consolidation, such as the questions Memo, Ejay and Rybi from the Revision Kit
Q2 & 3 Multiple IAS Questions (with multiple parts in a question testing various IASs: Revenue. Earnings per share, Contingencies, Share based payments, Financial Liabilities)
Q4 Recent IFRS for small and medium enterprises (May Student Accountant article)
Tips for ACCA P3 exam Business Analysis
PESTEL/SWOT/BCG
Quality - CMMI
E-business/e-commerce/e-marketing
Ashridge portfolio display matrix
Prahalad and Hamel - (resource-based v position-based strategy)
Tips for Paper P4 Advanced Financial Management
1 Big NPV involving calculation of WACC using CAPM (gearing and ungearing betas), possibly a foreign investment needing forecasting of exchange rates,
2 Financial appraisal of a business (from sets of accounts) and calculation of Z-score (in which case formula will be given)
Section B:
3 Foreign exchange risk - futures and options
4 Either interest rate risk (futures and options), or possibly Option Pricing (share options and delta hedge)
5 Written question - impossible to guess, but possibly - "Quantitative easing". What is it? Why do it? Risk involved in doing it?
Tips for Paper P5 Advanced Performance Management
A
1) Financial & Non-Financial Performances Measures (Including Preparation of Budget/Actual Profit Statement)
2) Learning Curves / Target Costing
B
3) Residual Income / Return on Investment / Economic Value Added
4) Written question on problems with Budgets / Behavioral Aspects
5) Decision Making and Probabilities
Tips for ACCA P7 Advanced Audit and Assurance (INT)
Q1 Audit risk ( 12/02, 6/03, 6/04 )
Q2 “Matters to consider and evidence you would expect to find / audit tests to be performed” ( 12/01, 6/02, 12/03, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08 )
Q3 Going concern - Article from March Student Accountant ( 6/02, 12/08 )
Q4 Ethics ( Pilot paper, 6/02, 6/03, 6/04, 6/05, 6/06, 12/06, 6/07, 6/08, 12/08, 6/09 )
Q5 Audit reports including environmental issues, groups (Pilot paper ) and key performance indicators ( 12/08 )
Probable that “Clarity Project” will be in the exam somewhere, either directly or indirectly.
You need revision kits for these papers
There are many posts and free materials available on this site, just take a look around!
if i give case name is it necessary to mention the decision too.
Please tel me that the pattern of f5 exam that in each question threre is 4 parts and each carry 5 maks or as paper come previously.
i m also here for p1....its very but i dnt know wot happend last tim..i did past papers and i guesd that it will b very easy to solve...but ethics part require very deep concentration....Now i hv also done whole book bpp nd about to do kit....hope it will help....my tip is to get involve properly in the scenario jus n answer according to scenario...no hanki panki....
I really do not know why paper P2 UK is marginalized in OPENTUITION.COM.
Why is there no separate forum, separate tips, separate groups, separate report e.t.c. for paper P2 UK, opentuition.com? I could only see stuff for P2 INT.
Please note that P2 UK is different from P2 International in many significant ways.
Could someone provide some answers, please?
Or Could an administrator set something up, please?
our tutors do not teach P2 UK variants, so that is why.
If you have any questions to post for UK variant,, there is no problem posting it in P2 forums, just type: UK variant.. as part of the topic
any body please can share me a important tips for f6 paper from kaplann... plz if any body has thn share wid me .i shall be thankful to him.
what does this denotes for...?
pls post imp of KAPLAN also....
Best of luck to all of you
Can't you see the first 3 lines on this page? here it goes again
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.
please any body can share some material for CAT papers like T6 , T9 , T10
actually i am new user of this site so any body can help me in these papers
great thnx full
https://www.bpp.com/about-bpp/news/examination-course-news/accounting--finance/acca/june-2010-exam-tips.aspx#F6
Paper F6
Income tax:
-Employment income including benefits and PAYE system
-NIC for employed earners
-Income tax losses
-Property income
-Calculation of income tax payable
-Treatment of pension contributions
Corporation tax:
-Calculation of plant and machinery capital allowances
-Calculation of CT payable
-Submission of CT return and payment of tax
-Group relief
Capital gains tax:
-Calculation of various disposals from a company’s perspective
-Share disposals
-Replacement of business asset relief -
Part disposal
VAT:
-Default surcharge liability notice
-Common penalty regime
-Annual accounting/flat rate scheme
Hope it is useful
How else are you going to practice?
Past exams and revision kit is a must!!!
Where is P5 tips ?
Reply
thanks
maybe other students will help you out on the forums (go to CAT group/forum)
have u ever compare from past attempts that how many chances that these tips will accurate....
thanks
thank you
pls......................walef6@yahoo.com......................
Cheers
It won't be much of a surprise if any of the examiner repeats a question again or throws in a surprise.
If you read the examiners' report, a recurring decimal is the issue of 'question spotting'. It's more dangerous at the P levels where the examiners like combinations of different study areas.
I'll advise that even though you have difficulty studying or you hate a syllabus area etc, it's safe to get an idea of 'less liked' areas so that you can put down something reasonable in the exam. That's the difference between a 49 n 50
When tutors send them to me!
If it is so important to you, bookmark this page and check every hour :)
you should know all syllabus!!