[Mrtaza]

bpp

[Mrtaza]

*†Partner—Any individual with authority to bind the firm with respect to the
performance of a professional services engagement.

The term audit partner refers to a person who is a member of the audit engagement team (who has responsibility for decision-making on significant auditing, accounting, and reporting matters that affect the financial statements or who maintains regular contact with management and the audit committee.

An audit partner includes the lead and concurring partners, who assist the client, who consult with others on the audit engagement team during the audit, review, or attestation engagement regarding technical or industry-specific issues, transactions, or events. An audit partner is someone who brings insights to the audit team as a result of his or her experience.

[Mrtaza]

a) check out the buy sell forum for second hand books https://opentuition.com/groups/buy-or-sell/forum/ also look at the online resources available on this site https://opentuition.com/acca/p3/

b) just give it a shot i hope you like them 🙂 i have used them for all my papers yet https://opentuition.com/acca/p3/

c) there are two options, first you can have a look at p3 group members https://opentuition.com/groups/p3-business-analysis/members/ you can contact them etc.. secondly post or search studdy buddy forum https://opentuition.com/groups/study-buddy/forum/

Take care
Regards

[Mrtaza]

@salman said:
i have done the whole paper, calculation with my own hands, but the invigilator dint let me go out and take my calculator from my car, i was gone for prayer so i forgot it in my car, and they dint let me take it, i have emaild ACCA for it.

Shocked to see ACCA invigilators having that attitude..
My Calculator stopped working in june 2009 exams and they provided me with one. Its good that you didnt back up and fought till the end bro!!! My Prayers for you!!
Regards

[Mrtaza]

@salman said:
Q3 was a nightmare, and i had no calculator in the exam, rest you can imagine.

dont tell me!! no Calculater??!! omg!!

Paper was fine with me i knew there would be time management probs was mentally prepared for that challenge a lot of practice needs to be done for F7 to achieve that speed needed in F7 Exam.

Those Who tackled with the Time must have done all the questions.

I hope we All Pass

[Mrtaza]

You can find Old & New links to past papers here https://opentuition.com/articles/past-acca-exams/

[Mrtaza]

@sufiona said:
Cases at Glance.docx open in a new window to Download (42k)

I cannot open it!!!
help !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
🙁

here u go download it from the attachment of my post that file actually was in .docx format which requires latest Microsoft Office! i have converted it to pdf format 😉

Regards

[Mrtaza]

here is a link to topic where this question was answered i hope this helps

https://opentuition.com/groups/ask-the-tutor-acca-f8-exams/forum/topic/audit-report-changed/

regards

[Mrtaza]

@furhana said:
plse advise differnce between analytical procedures

your question is incomplete ..

difference between analytical procedures & ……………???

[Mrtaza]

Here are some links to Open Tuition lectures that you should listen to.

Contract Law – Exclusion Clauses (part a)>>>

Contract Law – Exclusion Clauses (part b)>>>

Regards

[Mrtaza]

Other matters paragraphs you are talking about is not some thing that is changed in the audit report but that concept already exists(Not newly introduced!)
Read Text below which i am going to quote you from an article “A matter of opinion?” in Student Accountant

Quote:

Matter of Opinion wrote:

‘Other matter’ paragraphs are used
to refer to matters that have not been
disclosed in the financial statements
that the auditor believes are significant
to user understanding. One usage of
these paragraphs is where the auditor
concludes that there is a material
inconsistency between the audited
financial statements and the other
(unaudited) information contained
within the annual report and accounts,
as required by ISA 720, The Auditor’s
Responsibilities Relating to Other
Information in Documents Containing
Audited Financial Statements.

[Mrtaza]

Quick Links to ALL Past ACCA Exams can be found here https://opentuition.com/articles/past-acca-exams/

[Mrtaza]

@danishthebo said:
guys am appearing for 8 again and just got to know about the changes .. so can anyone help me with the changes and tell me whether revision course notes provided by ot are up-to-date ! thanks in advance

First please make your tittle descriptive so that its easy to spot of what actually you are trying to ask..and ppl can reply you ASAP!
2nd) see this topic for changes https://opentuition.com/groups/f8-audit-and-assurance/forum/topic/impchanges-in-f8-syllabus-isas-new-examiner-article/
3rd) YES – OT course notes for June 2010 Exam are Up To Date & OT Flash Cards June 2010 Updated for Clarity Project Slides are also downloadable here

[Mrtaza]

guys please do not duplicate topics and search before you post! i think good discussion was already done on this topic here regarding Assertions

1) https://opentuition.com/groups/f8-audit-and-assurance/forum/topic/how-to-apply-the-audit-assertionshow-to-identify-audit-risk/
2) https://opentuition.com/groups/f8-audit-and-assurance/forum/topic/types-of-assertions/
3) https://opentuition.com/groups/f8-audit-and-assurance/forum/topic/assertions-classes-of-transactions/

[Mrtaza]

@shruti said:
I have been trying to download the Open Tuition notes for F7 and F9 – Im able to download the file but it does not open. PDF says “Bad Encrypted dictionary” when i try to open the file. Can someone please assist. Thank you!

Please note
If you have any errors when opening the file, please turn off any download managers you may have! To open our course notes we recommend you use the latest version of free Adobe Reader 9 you can get it here: https://www.adobe.com/products/acrobat/readstep2.html

[Mrtaza]

@sweety2009 said:
CAN ANYONE TELL ME THE REASON WHY I AM UNABLE TO LOG
INTO MY CHAT BOX ON OPEN TUITION?

log in https://opentuition.com/chatroom/ its back!

[Mrtaza]

i agree with werty! 🙂

[Mrtaza]

Until you wait for werty(F4 tutor) to reply i would share what i did when i attempted F4 in june2009
My Own Made examples (My own created Facts) If supported by Point of law will score equal no of marks.
You can if you wish mention a case name supported by point of law.
Because we are not Law Students so what we need to clear the examiner is that we understand the point of law .
Other use full links regarding cases
https://www.accaglobal.com/learningproviders/tuition_provider/faq/fundamentals/skills#F4_1
https://www.accaglobal.com/learningproviders/tuition_provider/faq/fundamentals/skills#F4_10

[Mrtaza]

@usmannaeem said:
some one answer the Q3 june 2008

you can get the answer from this link https://www.accaglobal.com/pubs/students/acca/exams/f5/past_papers/f5_2008_jun_a.pdf

how ever if you have specific problem with the question you have mentioned don’t hesitate to ask.

take care

[Mrtaza]

@samuelricky said:
Dear Admin,
Many of our us takes and will take F4 (Global)…but here is only for UK stream…please make courses and other resources of global stream.
Thank you

kindly see this link https://opentuition.com/groups/f4-corporate-and-business-law/forum/topic/f4-glo/

Take care

[Mrtaza]

@gr8shadow said:
the below link (chapter 6, example 3) seems to have some sort of error.

https://opentuition.com/acca/f6/f6-chapter-6-trading-income-basis-period-example-3/

lecture is not available. the link returns to a page which gives the message below.
[We have upgraded the site, please select link you were looking for below]

Thanks you can in future report report broken links here https://opentuition.com/groups/f6-taxation/forum/topic/report-missing-attachements-broken-links-from-forums-here-9/ so that its easy for us to reply and find it out etc..

will let u know when the above link will be fixed

[Mrtaza]

@onghooiyee said:
https://opentuition.com/acca/p3/printable_practice_question_1/
pls refer to above link….
i was not able to view the document..what to do?thanks!

check the page again the document is OK now
cyaa

[Mrtaza]

@onghooiyee said:
https://opentuition.com/acca/p3/printable_practice_question_1/
pls refer to above link….
i was not able to view the document..what to do?thanks!

thanks for pointing it out you can in future report these errors on the topic on this link https://opentuition.com/groups/p3-business-analysis/forum/topic/report-missing-attachements-broken-links-from-forums-here-15/
so that its easy for us to reply to you etc..:)

i hope this document will be fixed will let u know when it does.

cyaa

[Mrtaza]

Quote:

Tammi wrote HI there,

You do not have to remember all the formula of variances as they are all based on logic. Still I am posting the list to better understand them.

Sales variances

Sales price variance:
Change in budgeted and actual selling price (per unit) x actual sales
Budgeted selling price greater actual selling price = A
Budgeted selling price lesser actual selling price = F

Sales volume variance:
Change in budgeted and actual sales x budgeted profit/contribution
Budgeted sales greater actual sales = A
Budgeted sales lesser actual sales = F

Materials cost variances

Materials price variance:
Change in budgeted and actual cost (per kg, etc.) x purchased material (quantity)
Budgeted cost (per unit) greater actual cost = F
Budgeted cost lesser actual cost = A

Materials usage variance:
Change in standard and actual materials usage x budgeted cost (per kg, etc.)
Standard materials usage greater actual materials usage = F
Standard materials usage lesser actual materials usage = A

Total materials variance
Materials price variance + materials usage variance
or
Standard materials cost – actual materials cost
Standard materials cost greater actual materials cost = F
Standard materials cost lesser actual materials cost = A

Labour cost variances

Labour rate/price variance:
Change in budgeted and actual cost (per hour) x actual hours
Budgeted cost (per hour) greater actual cost = F
Budgeted cost (per hour) lesser actual cost = A

Labour efficiency variance:
Change in standard and actual hours x budgeted cost (per hour)
Standard hours greater actual hours = F
Standard hours lesser actual hours = A

Labour total variance:
Labour rate/price variance + Labour efficiency variance
or
Standard labour cost (of actual production) – actual labour cost
Standard labour cost greater actual labour cost = F
Standard labour cost lesser actual labour cost = A

Variable overhead variances

Variable overhead expenditure variance
Change in standard and actual cost (per hour) x actual hours
Standard cost (per hour) greater actual cost = F
Standard cost (per hour) lesser actual cost = A

Variable overhead efficiency variance:
Change in standard and actual hours x budgeted cost (per hour)
Standard hours greater actual hours = F
Standard hours lesser actual hours = A

Variable overhead total variance:
Variable overhead expenditure variance + Variable overhead efficiency variance
or
Standard variable overhead (of production) – actual variable overhead
Standard variable overhead greater actual variable overhead = F
Standard variable overhead lesser actual variable overhead = A

If interested, I will also share fixed overhead variances.

Best wishes,
Tammi

[Mrtaza]

HI!

You can now listen to All Audio lectures for P2!! here https://opentuition.com/acca/p2/acca-paper-p2-listen-to-audio-lectures/ wait for the page to load and click any audio you wish to listen online! 🙂

Enjoy!!

[Author]

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