ACCA JUNE 2009 EXAM TIPS (FTC)


ACCA Exam Tips for June 2009 from FTC

All these tips are merely intelligent guesses thus it is not 100% accurate. Please use at your own risk. You are advised to go through all syllabus before referring to the tips as guide.

P1 Till P7


P1 – Professional Accountant

Section A: Compulsory

• always covers range of syllabus areas
• some element of ethics in this question
Section B: 2 from 3

• one question solely on governance
• one question with significant ethics element

Key topics – in section A or B:

• internal audit: independence or appointment (possibly via audit committee)
• remuneration committee
• directors induction and / or appraisal
• ethical decisions: AAA or Tucker
• stakeholder categorisation
• normative / instrumental views of stakeholders
• board structure: family / insider or unitary / two tier
• Corporate Social Responsibility (CSR)
• sound internal controls

P2 INT – Corporate Reporting (International variant)

Compulsory group question within part A could be:

• Cashflow (not examined under the new syllabus, but in the pilot paper)
• Group income statement which will examine aspects of IFRS 3 revised (goodwill and NCI at fair value)
• Accounting for changed shareholdings in group structure

Within the compulsory question, there may also be some explanation and application of ethics and/or a written element which includes IFRS 3 revised.

Multi-topic question to include aspects of:

• Impairments
• Share-based payment
• Financial instruments
• Retirement benefits
• Discontinued and held-for-sale
• Deferred tax
• Provisions and events after the b/s date

Current issues:

• Retirement benefits – Discussion Paper within examinable documents
• Financial Instruments – Discussion Paper within examinable documents
• IFRS 3 Revised
• Harmonisation of international standards


P3 – Business Analysis

Section A

• Question 1 will still focus mainly on the strategic planning process. Key areas may be:

• SWOT
• Ansoff
• Acquisition

• Also expect an implementation issue such as culture or change management

Section B

• If culture and/or change management do not appear in the compulsory question then they may appear in the option questions

• Other areas may be:

• TQM
• Supply chain management
• Choosing & evaluating an IT system

P4 – Advanced Financial Management

Section A

• Business valuation (various methods, with pros and cons)
• Option pricing – Black Scholes model


Section B

• Interest rate hedging (futures and options), bond pricing and credit spreads
• Stakeholders and conflict of objectives
• Investment appraisal – with foreign currency

P5 – Advanced Performance Management

• Corporate failure as per recent article (July 08)
• Pricing (transfer pricing)
• Strategic planning and gap analysis
• Performance measures for both private and public sector
• Environmental management accounting

P7 – Advanced Audit & Assurance (UK & INT variant)

Core areas of the syllabus expected to be examined in every sitting:
• Engagement planning and risk (audit risk likely this sitting);
• Gathering evidence;
• Ethics/professional issues; and
• Engagement reporting (particularly audit qualifications).

Subject of recent articles:
• Forensic investigations and audit (September 2008). (Likely to include elements of planning and/or gathering evidence similar to question 2 of pilot paper).

"Peripheral topics" from exam approach article yet to be covered:
• Regulatory framework;
• Obtaining professional work; and
• Corporate governance.

source : opentuition
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Current Top Scorers!


I believe what Mr Tan said is for the CGPA.
Miss Kuan Huey Ling (group 9) I told you! You're the Top Student!!
2nd will be Mister Wong Poh Hon (group 8)
3rd Yew Lee Siong (group 9)
erm....Congratulations to all Top 10 Scorers!

updated : Top 3 scorer group are known =)
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P3 Model and Situation Applications

Environment

- PESTEL
- Scenario Building
- Porter’s Five Forces
- OT analysis of SWOT
- Marketing Mix 7Ps
- Market Segmentation
- Product Positioning Map
- CSF, DMU
- Customer Behavior Analysis

Organisations

- Structure (Functional, Divisional, Team Matrix, Transnational)
- Mission and Objectives (SMART)
- Resources and Competencies
- 9 M’s Model (Resources)
- Resource Base Theory
- Cost Efficiency (Economies of Scale)
- Knowledge Management (Data warehouse, Data mining, Intranet, ERPs)
- Value Chain Model (Porter)
- Product Lifecycle
- Innovation, R & D (leader or follower strategy)
- Benchmarking
- SW analysis of SWOT
- Ethical / CSR issues / Corporate Governance
- Stakeholder Mapping (Mendelow)
- The Cultural Web (The Paradigm by JS&W)
- Types of Culture (Power, Role, Task, Existential)
- Prospectors, Analyzers, Defenders, Reactors (Miles and Snow)

Strategy Options

- Ansoffs Growth Vector Matrix
- Diversification (Related or Unrelated)
- Globalization
- 5 Stages of Evolution of Global Business (Ohmae)
- Management Orientation (Ethnocentric, Polycentric, Geocentri)
- BCG matrix with Build, Hold, Harvest, Divest
- Porter’s 3 generic strategies
- Growth Strategies

Organizing for Success

- Process Controls (Balance Score Card)
- Stereological Configurations (Mintzberg)
- Process Strategy Matrix (Harmon)
- Business Process Redesign
- Types of Redesign
- Software Solutions - defining, selection techniques
- V-Model
- E-Business Evolution (Earl) and Adoption Pyramid
- Mcfarlan and Mckenny’s Strategic Grid
- E-Supply Chain Management
- E-Marketing - The 6 Is
- Customer Relationship Management
- Quality Management System (Six Sigma, ISO 9000:2000)
- CMMI
- Project Management

As businesses get larger, perhaps by becoming global, the usual assumption is that they will be able to enjoy economies of scale. Reasons include:

1 Greater buying power so that better prices can be obtained from suppliers.
2 Research and development costs of new products can be spread over more and more units.
3 Marketing costs can be spread over more units.
4 As factories work 8, the 16 then 24 hours per day the fixed overheads of the factory can be spread more thinly.
5 Larger, more efficient machines can be used.

Generally, therefore, it will be easier for very large businesses to become cost leaders.

However, being very large does not guarantee economies of scale, and large businesses could be badly run or suffer from historical problems that mean that their costs per unit are higher than those of smaller businesses. You only have to look at the plight of Ford and General Motors at the moment, particularly in the USA. Those company's are very large but are burdened with very high wage, pension and sickness benefit costs, partly because of previous very generous agreements, and partly because they have an older workforce and more pensioners than more recent car manufacturers.


This is an add-on. Thanks to Gromit tutor =)

Source : OpenTuition

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Result Released but Pending Status?


That's what we get for now....From 10 am until 2.30pm the result is still in pending....
Otherwise it's going to be unable to load within 3 minutes!
I demand result released NOW!!!

UPDATE 4.30PM :-
FINALLY CAN LOGIN!
GO CHECK NOW!~

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ACCA Exam Tips for June 2009 (7city)


ACCA Exam Tips for June 2009 from 7city

All these tips are merely intelligent guesses thus it is not 100% accurate. Please use at your own risk. You are advised to go through all syllabus before referring to the tips as guide.

Top tutors 7 city provide you with what they think the examiners were thinking about 18 months ago when they wrote the June exam






Paper F4
* Delegated legislation, statutory interpretation, human rights
* Consideration, privity and contract terms
* Duty of care in the tort of negligence, professional negligence
* Distinguishing employment contracts from self employment
* Choice of corporate name
* General meetings and company secretary
* Insider dealing
* Corporate governance
* Liquidation, wrongful trading

Paper F5
* Compare traditional absorption costing with activity based costing (ABC) and the implications of switching to ABC
* Theory of constraints, throughput costing and back flush accounting
* Multiple limiting factors and shadow prices
* Short term decision making – shut down decisions, make or buy decisions
* Activity based budgeting and variance analysis, forecasting methods
* Transfer pricing
* Planning and operational variances

Paper F6
* Q1 – Income Tax – Employed and Self Employed + VAT
* Q2 – Corporation Tax – Adj profit + Groups
* Q3 – Capital Gains Tax – Individuals inc. Entrepreneurial Relief
* Q4 – Corporation Tax Overseas Income/DTR
* Q5 – NIC

Paper F7 Financial Reporting (INT)
* Q1 – Consolidated Statement of Financial Position (Parent, Subsidiary and Associate)
* Q2 – Single Company financial statements including adjustments for Deferred tax, rights issue, financial instruments and provisions.
* Q3 – Cash flow
* Q4 – Impairments + Framework
* Q5 – Construction Contracts

Paper F8
* Inventory – Physical verification, testing valuation and cut-off
* Acceptance of appointment – Ethical and practical issues
* System evaluation, use of CAATs and management letters
* Audit of estimates including provisions and contingencies
* Understanding unmodified audit reports and modified opinions
* Principles of corporate governance and the link to internal audit

Paper F9
* Working capital –
- EOQ with discounts, buffer stock and Just in Time
- Early settlement discounts
- Cash management models Baumol and Miller Orr
* Investment appraisal - dealing with uncertainty – expected values and sensitivity analysis
* Capital Asset replacement decisions
* Capital rationing
* Use of weighted average and marginal costs of capital odigliani and Miller and pecking order theories of equity versus cost of debt
* Interest rate risk and management

Paper P1
* Corporate Governance – risk management, director's remuneration and non
* executive director's responsibilities
* Ethical dilemma – American Accounting Association decision model,
* Stakeholder management - Gray Owen and Adams social responsibility. Mendelow's Matrix
* Risk audit - in house versus external provision. The need for internal audit
* The contents and process of a social/environment audit
* Enterprise risk management models, the requirements for risk reporting

Paper P2
* Complex group statement of financial position using net assets approach to goodwill
* Employee benefits
* Deferred tax
* Financial instruments including the impact of mark to market and hedge accounting
* Impact of accounting policies on a financial covenant
* Accounting for environmental issues including provisioning

Paper P3
* Strategic positioning – Porter's National Diamond and five forces models
* The extended marketing mix (7 P's model), E marketing and CRM
* Strategic capability – the 9 M's model, benchmarking and CMMI
* Stakeholders and ethical theories and dilemmas
* International orientation
* Change management, reasons for change, force field analysis and change agents
* Swim-lane/process flow diagrams

Paper P4
* Multi period capital rationing with taxation
* Geared and ungeared B's
* Ethical financial policy and corporate governance
* Option pricing theory – using Black Scholes model
* Foreign exchange risk, SWAPS and options, Value at risk
* Strategic planning for multinationals

Paper P5
* The value chain and business process reengineering
* Pricing, cost, demand and marketing driven approaches
* Behavioural and motivational aspects of budgeting and beyond budgeting

* Internal analysis models – Porter's 5 forces, the BCG matrix and Ansoff's growth matrix
* Internationalisation and divisional performance measurement
* Stakeholders and Mendelow's matrix

Paper P6
* Tax Planning and Trusts
* Corporation Tax Groups
* Overseas Income Tax Issues
* VAT, Stamp Duty and Stamp Duty Land Tax
* Inheritance Tax Planning

Paper P7
* Prospective financial information and assurance assignments
* Audit procedures potentially covering impairment of financial instruments
* Ethical scenarios
* Audit risk and potential for earnings management and fraud in a group scenario
* Issues associated with the control weaknesses and collection of evidence for a not-for-profit organisation
* Audit challenges of determining going concern status

KAPLAN ACCA EXAM TIPS JUNE 2009
AND
BPP ACCA EXAM TIPS JUNE 2009 WILL BE ADDED SOON~


Source : PQ Magazine
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Date of Results Released


We're on 18 of May 2009...which is just 4 days left!!
Deadline for resit application on 22 May
Collection of resit bill on 27 May

UPdate from Ms Geh :-
June resit is TENTATIVELY (means not confirmed) on 22 June 2009 for 3 or 4 days.
Once confirmed I will be posting it here.

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Revision Classes (updated 1)

CR INTENSIVE class
Venue: DK Z
Time: 8.30am to 9.30am
Date: 16 May 2009 (Saturday)

******************************************
Advanced Taxation revision class on fri has been cancelled.
Venue: DKX
Time:-
1st session: 9am to 12pm
2nd session: 1.30pm - 4.30pm.
Date: 16 May 2009 (Sat)

*******************************************
P5 revision class
Venue: DKZ
Time:-
1st session: 9am - 12pm
2nd session: 1pm - 4pm
Date: 13 May 2009 (Wed) & 15 May 2009 (Fri)

Note:-
Please read through the attached PDF file containing Shane Johnson's presentation at a teacher's conference in February 2009 in UK to have a more thorough understanding of his expectations for the P5 paper.

Also attached is a powerpoint titled Conglom plc. Do attempt the question as the answer will be discuss during the class on Wednesday.

# If you don't have the attachment please leave your details and email in the comment section so we can forward you the email ASAP!
P.S.
For APM INTERNAL revision class
Venue : R202
Time : 2 - 4pm
Date : 28 May 2009

*******************************************
BA revision for June 2009 internal examination (UPDATED VERSION)
By: Mr Chee Khye Luen
Venue: DKABB
Time: 3 - 5 pm
Date: 12 June 2009



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Happy Mother's Day



Mother's day is around the corner, to be exactly it is TOMORROW.
10th of May 2009!

How are you going to celebrate with your mother??
*Actually a simple "go-out" eating will make your mom happy too.
*Help mom to relax and probably do all her chores


These are just suggestions, help me fill in the list.

Tell me how you celebrate or plan for mother's day!


We welcome you to say your dedications here too :)

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BEst wishes to all of you .

It's been a long time ..din post blog here ..very very damm boring.and i cant say no contribute at all lo ..haha.so i must post at least something..not a big deal .not a big story here ..just i want to use this blog..and take these opportunity .to wish all my friend good luck at internal exam result..as i know going to out soon..and happy .enjoying.studying external ..

Lastly ..I just realize my friend litle brother have sick and go to hospital right..i have sincerly wish that my friend little brother can fast fast recover ..best wish to u all who read these blog as well..Support AFA blog.your bes choice and u going miss those day at class.use it as medium to contact with friend..when future .see ya


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Revision Timetable!!!



This is the revision timetable prepared for those students taking external exams for
Advanced Financial Management, Advanced Performance Management, Advanced Audit and Assurance but yet there is no Advanced Taxation.
So wait for the update of Taxation....

P.S.
4 more days then the revision classes will commence.

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