F9 Financial Management
June 2011 ACCA Exam Tips by Kaplan
• Investment appraisal – complex NPV or IRR with tax and possibly inflation.
• Working capital management – cash operating cycle.
• Valuations – cash flow based values.
• Business finance – Islamic financing could be tested soon.
• Risk management – foreign exchange risk.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F9 June 2011 ACCA Exams, apart from Antony Head (F9 examiner for June 2011 Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of F9 Financial Management Exam.
P4 Advanced Financial Management
June 2011 ACCA Exam Tips by Kaplan
Acquisitions and business valuation – including calculations (especially free cash flow
method)
Net Present Value
Black Scholes model
WACC / financing
Interest rate hedging – options, futures and FRAs
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P4 June 2011 ACCA Exam, apart from Shishir Malde (P4 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P4 Advanced Financial Management Exam.
P1 Professional Accountant
June 2011 ACCA Exam Tips by Kaplan
Risk Management / Risk Appetite and ALARP
Ethics – Moral Development
CSR
Stakeholders
Audit Committees
Ethics – Tucker/AAA
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P1 June 2011 Exam, apart from David Campbell (P1 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P1 Professional Accountant Exam.
P3 Business Analysis
June 2011 ACCA Exam Tips by Kaplan
Process redesign
Financial and strategic analysis (financial analysis has mainly appeared in option questions in
recent exams). The strategic analysis may focus on a common strategic tool such as SWOT
analysis or the value chain.
Strategy evaluation (this has appeared in almost every compulsory question)
Part (c) of the compulsory question will possibly include 5 to 10 marks of calculations.
Project management – possibly focusing on the new area of benefits management
Marketing
Change management
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P3 June 2011 ACCA Exam, apart from Steve Skidmore (P3 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P3 Business Analysis Exam.
P6 Advanced Taxation
June 2011 ACCA Exam Tips by Kaplan
Corporation tax
- Group relief – tax planning; consortium relief, trading losses
- Loan relationships computational aspects i.e. non trading deficits
- Capital gains groups: degrouping charges, rollover
- Double tax relief for branches / no tax on overseas dividends
- Transfer pricing
- Quarterly payments for large companies
Capital gains
- Overseas aspects
- Reliefs: Entrepreneurs’, gift, PPR and letting
- Share matching rules, takeovers or reorganisations, valuation of shares
Inheritance tax
- IHT aspects of trusts
- Death estate computation with business property relief
- Transfer of nil band between spouses
- Deed of variation
- Valuation of shares
Income tax
- Sole trader: opening year rules
- Self assessment admin: payment by instalment, new penalty regime
- Overseas aspects for employees working abroad
- Income tax comps at marginal rates, possible overseas income
- Redundancy payments
- Share options
- Furnished holiday lettings
- EIS/VCTs/ISAs
VAT
- Partial exemption
- Penalties
- Deregistration and final VAT charge
- VAT groups
Scenarios
- Sole trader commencement
- Lease vs. buy assets: net cost
- IHT vs CGT for gifts
Ethics!
Quote: Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P6 June 2011 ACCA Exam, apart from Rory Fish (P6 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P6 Advanced Taxation Exam.
P2 Corporate Reporting
June 2011 ACCA Exam Tips by Kaplan
Section A
Group statement of financial position.
This could include mistreatment and/or misclassification of items to be included within the statement.
This may include, for example, accounting for impairment or accounting for a foreign subsidiary.
There is occasionally inappropriate recognition or measurement of items which may need to be
corrected as part of completing the consolidations.
It could also include dealing with a change of group structure (addition or disposal of a subsidiary, or
dealing with foreign exchange gains or losses if there is a foreign subsidiary.
Reporting standards examined may include:
IAS 16 property, plant & equipment IAS 17 leases
IAS 36 impairment IAS 38 intangibles
IAS 37 provisions Employee benefits
IAS 12 tax IAS 39 & IFRS 9 financial instruments
Section B
The conceptual or current issues topic is difficult to predict as there are so many currentdevelopments.
Questions dealing with IAS GAAP and US GAAP convergence, together with other topics,
Typical IAS/IFRS knowledge which may be required for Section B content includes:
Non-current assets Held for sale and discontinued activities
Impairments Provisions
Tax Employee benefits
Share-based payment Leases
Intangibles Financial instruments
Reporting financial performance Revenue recognitions
Events after the reporting date Entity reconstructions
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P2 June 2011 ACCA Exam, apart from Graham Holt (P2 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P2 Corporate Reporting Exam.
P5 Advanced Performance Management
June 2011 ACCA Exam Tips by Kaplan
Divisional performance appraisal – ROI/RI and transfer pricing
Non-financial performance indicators
Public sector appraisal and league tables
Probabilities and expected values
Quality
Benchmarking
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P5 June 2011 ACCA Exam, apart from Alexander Watt (P5 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P5 Advanced Performance Management Exam. P7 Advanced Audit and Assurance
June 2011 ACCA Exam Tips by Kaplan
Core areas (as per examiner’s approach article) likely to be examined in every paper:
Engagement planning and risk assessment
Engagement procedures (i.e. evidence)
Ethics and professional issues
Engagement reporting (ISA’s 700, 705, 706 in particular)
Subjects of recent articles yet to be examined:
Preconditions for an audit; current issues – provision of non-audit services to audit clients;
and client/engagement acceptance & continuance procedures (March 11 article).
Auditing in a Computer Based Environment
Discontinued operations
ISA 540 Audit of Accounting Estimates
Significant topics not examined for at least 18 months:
Risk management
Money laundering
Auditing financial instruments (new IFRS 9)
Due diligence
Forensic audit
Using the work of an expert (ISA 620 – maybe ISA 610 as well?)
Auditing related parties (ISA 550);
Laws & regulations (ISA 250)
UK variant is also very likely to include an aspect of Insolvency.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your P7 June 2011 ACCA Exam, apart from Lisa Weaver (P7 examiner for June 2011). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of P7 Advanced Audit and Assurance Exam. *
F8 Audit and Assurance
June 2011 ACCA Exam Tips by Kaplan
• Assurance engagements.
• Ethics including confidentiality/ conflicts of interest.
• Small/not for profit organisations.
• Systems: sales, payroll.
• Completion and auditor’s reports.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F8 June 2011 ACCA Exams, apart from Pami Bahl (F8 examiner for June 2011 Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of F8 Audit and Assurance Exam.
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F7 Financial Reporting
June 2011 ACCA Exam Tips by Kaplan
• Q1: Consolidated income statement including an associate and possibly a mid-year acquisition.
• Q2: Redraft of the financial statements including drafting SOCIE.
• Q3: Possible mixed cash flow/interpretation question.
• Q4 & 5: Finance lease, impairment, IASB framework, government grants.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F7 June 2011 ACCA Exams, apart from Stephen Scott (F7 examiner for June 2011 Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of F7 Financial Reporting Exam.
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F6 Taxation
June 2011 ACCA Exam Tips by Kaplan
• Income tax: additional rate taxpayer and/or PA restriction.
• Corporation tax: capital allowances.
• VAT: overseas issues.
• Capital gains tax: disposals by individual.
•Inheritance tax.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F6 June 2011 ACCA Exams, apart from David Harrowven (F6 examiner for June 2011 Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of F6 Taxation Exam.
F5 Performance Management
June 2011 ACCA Exam Tips by Kaplan
• Breakeven analysis.
• Transfer pricing.
• Mix and yield variances.
• Payoff tables.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F5 June 2011 ACCA Exams, apart from Ann Irons (F5 examiner for June 2011 Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in this sitting of F5 Performance Management Exam.
F4 Corporate and Business Law
June 2011 ACCA Exam Tips by Kaplan
• English legal system: tribunals, Supreme Court.
• Contract law: termination of offer.
• Tort.
• Employment law: remedies.
• Company law: articles of association, issue of shares at a discount/premium.
• Fraudulent behaviour: insider dealing.
Use the above ACCA EXAM Tips as important areas to cover but remember that no one knows what can come in your F4 June 2011 ACCA Exams, apart from David Kelly (F4 examiner for June 2011 ACCA Exams). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in F4 Corporate and Business Law Exam.
ABOUT ACCA:
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. ACCA aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA support 140,000 members and 404,000 students throughout their careers, providing services through a network of 83 offices and active centres. Our global infrastructure means that exams and support are delivered - and reputation and influence developed - at a local level, directly benefiting stakeholders wherever they are based, or plan to move to, in pursuit of new career opportunities. Our focus is on professional values, ethics, and governance, and we deliver value-added services through 57 global accountancy partnerships, working closely with multinational and small entities to promote global standards and support.
We use our expertise and experience to work with governments, donor agencies and professional bodies such as the International Federation of Accountants (IFAC) to develop the global accountancy profession and to advance the public interest.
ACCA understands the real issues facing small businesses as 63,000 of our members work in SMEs or small partnerships worldwide. ACCA's theme for 2009-2010 is Accountants for Business. This theme emphasises the important roles accountants play in both the private and public sectors, promoting their role as advocates of sound business practices, champions of sustainable business development and identifiers of value drivers which lead to high-performing organisations.
The Professionals Academy
Dua for all muslim students to get good marks in exams
(In the name of God, Most Merciful, Most Beneficent)
Remember, after hardships ALWAYS COME EASE whether, it be here, straight away or even in the here-after. But that ease after the hardship is for sure.
Al-hamdu llilahi rabb il ‘âlamîn wa salallahu ‘ala saydinâ Muhamamdin wa ‘alâ âlihi wa sahbihi wa sallam. Nawaytu al-ta’alluma wa talîma wat tadhakkara wa-tadhkîr wa na’fa’ wal ‘intifâ’ wal-ifâdah wa’l istifâdah wal-hath ‘ala_tamassuki bi kitâbillahi wa sunnati rusûlihi wa du’â il al-hudâ wa dalâlata ‘alal khayri wabtighâha waj hillâhi wa mardâtihi wa qurbihi wa thawâbihi subhânahu wa ta’âla.
All praise is to Allah, Lord of the Worlds. And salutations and greetings upon our master Muhammad and upon his family and companions. I intend to study and teach, take and give a reminder, take and give benefit, take and give advantage, to encourage the holding fast to the book of Allah and the way of His messenger, and calling to guidance and directing towards good, hoping for the countenance of Allah and His pleasure, proximity and reward, transcendent is He.
Dua for Strengthening Memory
Glorified are You. We do not know except what you have taught us. Surely you are all-knowing,
all-wise. My Lord, expand for me my Bosom and ease for me my task
and remove the knot from my tongue (speech) so that they may understand my speech. My Lord increase me in knowledge.
O Allah, fill my heart with light and increase the strength of my hearing, my sight and my memory.
all-wise. My Lord, expand for me my Bosom and ease for me my task
and remove the knot from my tongue (speech) so that they may understand my speech. My Lord increase me in knowledge.
O Allah, fill my heart with light and increase the strength of my hearing, my sight and my memory.
Increasing Knowledge
· Rabbi Zidni ‘Ilma
· (My Lord! Increase me in knowledge)
I think most of you probably know that dua already, but in case you don’t, then RabiZidni’Ilma is one of the main duas everybody seems to read before studying.
