ACCA毕业生/学生请报到 6

limitedterry

P1
Sarbanes Oxley - why a rules based system is suitable for corporate governance and comparing it to the UK combined code
CSR - benefits to organisations of engaging with stakeholders
Auditing processes - benefits of internal auditing, focussing on environmental auditing
Disclosure requirements under Turnbull report
Discussing an ethical issue using the American Accounting Association model
Explanation of some of the 9 principles of good governance
Features of an effective control system
Roles of different committees at board level
2 Tier v unitary board structure

P2
Section A
Compulsory case study including preparation of a group statement of comprehensive income (profit and loss account) (top tip) and/or statement of financial position (balance sheet) including complex group structures, continuing and discontinued activities or group disposals. This will include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
There will also be discursive requirements on a linked accounting adjustment and social/ethical aspects of corporate reporting and the link between morality and ethics.

Section B
Industry question (often Q3), testing range of standards (NB: no specific knowledge of the particular industry is required)
Discussion question (Q4) looking at current developments in corporate reporting such as proposals relating to fair values, success/issues on implementation of IFRSs, treatment of gains and losses on pension schemes, small and medium-sized entities, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. May also include a related computational part based on figures from a case study
'Multi-part' testing a range of standards separately, such as related parties, pensions, changes in accounting policies, recognition and/or impairment of tangible and intangible assets, foreign currency transactions, leases, revenue recognition, consistency of standards with the conceptual framework, changes in accounting policies, the effect of accounting treatments on earnings per share or ratios and deferred tax implications

P3
Organisational goals and culture
Environmental analysis
Business processes
Quality initiatives
Methods of organisational expansion
Strategies for competitive advantage
Portfolio analysis

P4
Role and responsibility towards stakeholders: ethical issues continue to appear regularly as an optional discussion question. This is an important area to develop as a strength, since the discussion question is normally one of the easier optional questions.
Advanced investment appraisal: real options and adjusted present value are popular themes and were not tested in the last two sittings. Cost of capital calculations are regularly tested, make sure that you are comfortable adjusting betas for differences in gearing.
Acquisitions and mergers: this exam normally contains a question involving valuations which the examiner sees as a crucial part of the syllabus, and this area was not examined in June. To give this a topical twist you might be valuing a company that is splitting itself up or selling off a division.
Corporate reconstruction: this is a topical area; a question could also ask you to evaluate a capital reconstruction e.g. a business that is considering offering its creditors shares in order to enable it to survive.
Advanced risk management: foreign currency derivatives are due to be tested numerically.
Emerging issues: the January 2009 article by the examiner on ‘toxic assets’ indicates that this area may well be examined as a part of a question.

P5
Scope of strategic performance measures in the private sector: you may be asked to draw up an income statement or budget or to compare actual performance against a benchmark. This could include the use of activity-based approaches, learning curves or optimal pricing. Once the financial data has been collated and compared, questions usually include the need to comment on these and may require discussion of non-financial indicators, additional information to improve assessment or strategies to improve performance.
Divisional performance and transfer pricing issues: this chapter has been a key issue in P5 exams so far, often appearing as a compulsory question. ROI, RI, EVA or even ABC could feature here. Transfer pricing has not yet been tested in a full question but has appeared both as part of optional questions, numerically, and part of the smaller compulsory question, discursively.
Current developments / trends in management accounting: modern management and management accounting techniques have been examined here with both JIT and TQM common topics in the previous syllabus. Knowledge of these was used to discuss the impact they would have on information systems / performance measures.
Alternative approaches to budgeting for control: budgeting has been a favourite essay question with your examiner, but missed out in 2008.
Management accounting and information systems: a question on sources of information, relevance of operational management accounting information in today’s business environment or types of management information system is possible at this sitting as it has not yet been tested in depth at P5.
Alternative views of performance measurement: the examiner often includes a question to evaluate an organisation against an established theoretical model. The balanced scorecard, performance pyramid and building blocks have all appeared in previous exams.
Performance hierarchy: linking strategic decisions to mission statements or suggesting strategic options using models such as Ansoff’s matrix or the BCG matrix lend themselves to questions containing a mixture of financial and discursive elements

P6
Section A
Q1 Case study scenario involving personal tax issues.
Covering overseas aspects of income tax, calculation of DTR, choice of remuneration package involving share schemes, property income, capital gains.
Q2 Case study scenario involving group of companies; group relief, capital gains groups implications including consequences of selling a subsidiary, VAT issues of a group

Section B
Q3 IHT and CGT consequences of gifting wealth in lifetime or on death
Q4 Purchase of own shares, close companies, liquidation
Q5 Unincorporated business versus company, involving loss relief

P7
A risk-based and/or planning scenario in the compulsory section
Questions based on articles published in Student Accountant in the past six months - such as recent articles on the Clarity Project and Computer Assisted Audit Techniques (CAATs)
A number of requirements asking for audit procedures and required evidence in respect of specific financial reporting issues (CAATs could also feature here)
A practice-based scenario looking at professional, ethical and quality control issues
A reporting scenario of some sort
Legal and regulatory issues affecting assurance providers, especially in the context of firms’ professional liability, money laundering and the UK Companies Act 2006 (even the IAASB Clarity Project)
The requirements of other forms of assurance engagement, such as Prospective Financial Information (PFI), Value for Money (VfM) studies or agreed upon procedures
The correct treatment of more complex accounting issues (such as employee benefits or first time adoption of IFRS) than has been seen before
As in June 2009 with ISA 315, specific ISAs may be examined in sufficient detail to warrant learning the key elements for regurgitation in the exam
Discrete topics that we have not yet seen such as subsequent events as part of evaluation and review, questions using the context of internal audit or advertising for certain engagements
The need to understand current issues such as globalisation, the impact of the recession on auditors, corporate governance, risk management and auditor liability.

limitedterry

谁有tips了！分享一下

limitedterry

FTC和PQmagazine的tips有了吗？

limitedterry

PQmagazine
Paper F4
Contract law: exclusion clauses or intention to create legal relations.
Employment law: wrongful and unfair dismissal .
Partnership law: ostensible authority.
Company law: alteration of articles, or formation.
Combined Code on Corporate Governance: application and purpose.
Types/structure of court – the English Legal System.
Civil and criminal law – the differences.
Offer and acceptance – the agreement.
Directors’ duties.
Company formation.
Fraudulent behaviour.

Paper F5
Interpreting financial and non-financial performance measures.
Throughput accounting techniques.
Short-term decision-making techniques.
Divisional performance measures .
Standard costing – variance analysis and operating statements.
Comparing the merits of different budgetary control systems.
ABC.
Forecasting - linear regression, or time series.
Transfer pricing.
Backflush costing discussion.
Limiting factors.

Paper F6
Taxation of employment income.
Dealing with trading losses – loss reliefs for sole traders and companies.
Computing corporation tax liabilities.
Computing chargeable gains.
Self-assessment and payment of tax by companies.
Badges of trade.
Adjusted profit computation and capital allowances for sole trader.
CGT – principle private residence relief.
Personal tax: benefits, adjustment to profits, capital allowances, opening year rules.
Corporation tax: long period of account, capital allowance, property lease, gains of shares, VAT annual accounting.


Paper F7
Consolidated Statement of Comprehensive Income – possible transactions to include depreciation, revaluation, investment property, IFRS 5.
Consolidated I/S and SFP for either 2/3 company groups..
Published accounts.
Cashflow question with report on company performance.
Financial statement interpretation.
Intangible non-current assets including research and development.
Liabilities including deferred tax.
Leasing – both numbers and written aspects.
IASB framework – elements or qualitative characteristics.


Paper F8

Payables – validation of period end balances and cut-off.

Acceptance of appointment – ethical and practical issues.

System evaluation and management letter extracts.

Audit of estimates including provisions and contingencies.

Understanding unmodified audit reports and modified opinions.

Closing review, subsequent events and threats to going concern status.

Payroll audit procedures.

Not for profit organisations.

Internal control weakness.

IAS 570 going concern.

Analytical review as a planning tool.

Threats to an auditors independence.

Inventories or non-current assets.



Paper F9

Economic environment and the impact on interest and exchange rates.

Working capital management – EOQ with discounts and lead time buffer stock.

Management of trade receivables, including settlement discounts and factoring.

Asset replacement cycles and capital rationing.

Risk management of foreign currency using internal and external hedging techniques.

Weighted average and marginal costs of capital and the CAPM.

Business valuations using geared betas and earnings based valuations.

Inventory management.

Complex NPV or IRR with tax.



Paper P1

Corporate Governance – risk management, director’s remuneration and non-executive director’s responsibilities.

Internal controls.

TARA risk model, ethics absolutist v relativism, separation of CEO and chairman powers (think M&S), ISO 14001.

Ethical dilemma – American Accounting Association decision model.

Stakeholder management Mendelow’s Matrix.

Risk audit - in house versus external provision. The need for internal audit.

The contents and process of a social/environment audit; the environmental footprint.

Enterprise risk management models



Paper P2

Complex group statement of comprehensive income incorporating a part disposal or stepped acquisition.

IFRS 3 revised aspects.

Principles and accounting treatment multi-scenario incorporating intangible non-current assets and impairment.

Deferred tax.

Management responsibilities for ensuring transparency of financial statements.

Impact of accounting policies on a financial covenant.

Accounting for environmental issues including provisioning.

Convergence of IFRS and US GAAP.

Discount activities.

Group topics – disposal of subsidiary and complex group. Other topics provisions, impairments, deferred tax.



Paper P3

The balance between controlling and encouraging emergent strategy.

E-business and supply chain management.

Scanning the macro-environment and competitive environment.

Project management and the capability maturity model.

Marketing techniques and customer relationship management.

Stakeholder analysis and corporate social responsibility.

Business analysis in not-for-profit organisation.



Paper P4

Corporate failure.

WACC/financing.

Business Valuation.

Black Scholes.



Paper P5

Impact of world, national and market trends on performance.

Current issues and trends in performance management.

The performance hierarchy, pyramid.

Behavioural aspects of performance management, forecasting.

Strategic management accounting and limitations of traditional management accounting techniques.

Learning curves.



Paper P6

Taxation aspects of property and investment income.

Self-assessment for individuals and partnerships.

Taxation of group companies and consortia.

Computing trading losses.

Ethics and tax planning.

Rollover relief.

Lease vs buy for assets.

VAT capital goods scheme.

IHT death estate.



Paper P7

Prospective financial information linked to applications for debt funding.

Audit procedures looking at impairment of financial instruments and fair value.

Ethical scenarios/professional issues.

Auditor liability and good practice management.

Issues associated with the control weaknesses and collection of evidence for a not-for-profit organisation.

Audit challenges of determining going concern status and the impact on audit opinions.

The clarity prject.

ISA 700 engagement reporting.

ISA 540 accounting estimates.

cowcow88

原帖由 limitedterry 于 11-11-2009 06:48 PM 发表
ACCA December 2009 Exam Tips from BPP


F4
Court structures
Offer and acceptance
Contract breach
Employees v independent contractors
Agency relationships
Directors duties
Insolvency

F5
P ...

感谢limitedterry无私得分享！！
少了kelvinlee和郭富城的仇人的踪影ACCA的贴变得好冷清...

limitedterry

原帖由 cowcow88 于 11-11-2009 21:06 发表


感谢limitedterry无私得分享！！
少了kelvinlee和郭富城的仇人的踪影ACCA的贴变得好冷清...

你讲也有道理！的确是冷清的很~~~~~

cowcow88

原帖由 limitedterry 于 11-11-2009 09:36 PM 发表

你讲也有道理！的确是冷清的很~~~~~

这次考试你拿几张paper呢？？？通常这些tips是用来参考罢了吧？？

limitedterry

原帖由 cowcow88 于 11-11-2009 22:00 发表


这次考试你拿几张paper呢？？？通常这些tips是用来参考罢了吧？？

这些tips都是用来证明我spot得准不准的！请别见怪！

美丽草原我的家

原帖由 gineshoney 于 11-11-2009 09:05 AM 发表


啊？是吗？因为我看到他的学费那边有分是tar学生和不是tar学生的，所以之前不是tar学生的应该可以去读吧

那我不确定了.
去年年底教育展到TAR的booth问(当时也考虑过去那里)
负责人这样说.

KFClover

感谢limitedterry大大的无私分享
小弟感动涕零

smoothmy

请问是不是每一科都要pass?不pass呢？是不是从考？

star_sun

原帖由 smoothmy 于 12-11-2009 11:44 AM 发表
请问是不是每一科都要pass?不pass呢？是不是从考？

如果不pass的话要怎样去读接下来的papers 不及格的话就要从考~~~

cowcow88

原帖由 limitedterry 于 11-11-2009 11:28 PM 发表

这些tips都是用来证明我spot得准不准的！请别见怪！

哦？自己spot的吗？如何说？？不是参考bpp那边拿的吗？？

limitedterry

原帖由 cowcow88 于 12-11-2009 21:44 发表


哦？自己spot的吗？如何说？？不是参考bpp那边拿的吗？？

自己spot的是另一份！我是用来guide我的spoting!希望有luck可以spot到！

龟龟龟

原帖由 美丽草原我的家 于 12-11-2009 12:39 AM 发表

那我不确定了.
去年年底教育展到TAR的booth问(当时也考虑过去那里)
负责人这样说.

TARC 还是 UTAR?

美丽草原我的家

原帖由 龟龟龟 于 13-11-2009 02:29 AM 发表 TARC 还是 UTAR?

TARC.
UTAR有开始offer了吗?

龟龟龟

自古以来都是 TARC 学生出去外面
没有外面学生近来 TARC 补习喔

gineshoney

原帖由 龟龟龟 于 13-11-2009 07:11 PM 发表
自古以来都是 TARC 学生出去外面
没有外面学生近来 TARC 补习喔

不过tarc不是已经拿到platinum了吗？
那么个位大大会推荐哪一间呢？除了sunway哦，因为实在太贵了

龟龟龟

已经降级了
水准其实也并不怎么好
像老人院多一点咯

茨厂街一带有很多好补习中心都是很好下的

yoyo016012

谁是读KSA 的？
请问January 2010 intake有公开报名了吗？
谢谢