Hi Sir,
I have been working through BPP material June 2013.
Are there any specific chapters that have been added or removed?....any thing apart from the format of the exam changed in regards to the content of the syllabus.
I am working through Open tuition now aswell.
Many thanks in advance
Ask the Tutor ACCA AA
F8 Changes to 2014
11y ago#1No material changes.
So we should cover not for profit org chapter aswell?
11y ago#3I think only this:
Not-for-profit. Main points:
Often run by a high proportion of volunteers eg charities – so the accounting system, chain of xommmand and accounting might not be as good as in commercial undertaking.
Often involves cash receipts and this can increase risk (again charities in particular)
Income = grants and donations, not sales
Income often has strings attached ie a grant from the government has to be spent in a particular way.
Can be high profile/public interest – so more risk to the audit firm.
Thank you very much!
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