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Questions in brackets indicate questions to practice from the BPP Revision kit. Important areas that have not been examined under the new syllabus are: Construction contracts. Impairment of assets. IAS 37, accounting for provisions.
Questions in brackets indicate questions to practice from the BPP Revision kit. Important areas that have not been examined under the new syllabus are: Construction contracts. Impairment of assets. IAS 37, accounting for provisions.
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Attribution Non-Commercial (BY-NC)
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Questions in brackets indicate questions to practice from the BPP Revision kit. Important areas that have not been examined under the new syllabus are: Construction contracts. Impairment of assets. IAS 37, accounting for provisions.
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате TXT, PDF, TXT или читайте онлайн в Scribd
Q1 Consolidated Statements of Income AND of Financial Position question
Pedantic ( 31 ) subsid, but no associate Q2 Preparation of Financial Statements any of the questions from the BPP revision kit (5) Winger through to (13 ) Pricewell AND questions 24 26 Telenorth Partway Q3 Cash Flow AND report (71 ) Bigwood Q4 Provisions and contingencies (51) Promail Q5 Impairment of assets ( 21 ) Advent (Numbers in brackets indicate questions to practice from BPP Revision kit) ATC Leases. Revenue recognition. Substance versus form. Convertible instruments (IAS 39). Accounting for taxation. Accounting assets IAS 16. Important areas that have not been examined under the new syllabus and so may fe ature are: Construction contracts. Impairment of assets. IAS 37, accounting for provisions. BPP Consolidated SOCI and/or SOFP with one subsidiary plus associate including adjustments for fair values, unrealised profit, intragroup trading, go ods/cash in transit, other syllabus area. Accounts restatement/preparation with adjustments depreciation, current/deferred tax, inventory valuation, leases, substance over form issues, financial instrum ents. Interpretation and/or statement of cash flows, perhaps with written part on aims of not-for-profit entities. Interpretation may focus on limited ratios and thei r interpretation. Conceptual framework. Other areas regulatory framework, inflation, government grants, discontinued ope rations, impairments, deferred tax, leases, intangible assets, or provisions. Kaplan Q1 mixed consolidated income statement and statement of financial position (poss ible adjustments to include PURP). Q2 redraft of financial statements (also to include SOCIE) possible adjustments could include revenue recognition, investment property, depreciation. Q3 calculation of an element of a statement of cash flow and a report to include calculation of ratios and interpretation of the accounts using the statement of cash flow and ratio results. Q4 & Q5 IFRS 5: discontinued operations, government grants, investment property. LSBF Q1 consolidated income statement with IFRS 3 (Revised) discussion, or both CSFP and CIS in same Q (last one Dec 2008). Q2 re-drafting or published accounts. Q3 interpretation mainly, with or without cash flows. Q4 mixed standards, especially leasing, impairment, EPS, grants. Q5 depreciation, provisions, deferred tax, standard setting
Tips for ACCA Paper F8 Audit and Assurance (INT)
1 Sales system internal controls and weaknesses 2 Corporate governance 3 Analytical procedures perhaps with reference to trade payables and accruals 4 Sampling 5 Audit reports, perhaps combined with events occurring after the reporting peri od BPP Audit planning (analytical procedures). The assessment of audit risk. Audit procedures (both substantive and tests of control) relevant to key audit a ssertions. Not for profit organisations. Subsequent events. Audit reporting and materiality. Kaplan Regulation of audit, governance. Small/not for profit organisations. Systems: purchases/sales/payroll. Specific standards; for example, ISA 210, ISA 260, ISA 530. Completion and auditor s reports. LSBF Appointment. Ethics. Risk. Non current assets. Liabilities. Reporting.
Tips for ACCA Paper F9 Financial Management
1 Inventory control calculations + written on Miller-Orr cash management 2 NPV with inflation and tax + IRR, payback period, accounting rate of return 3 Business valuation, with WACC and CAPM + calculation of asset beta from equity beta 4 Foreign exchange risk forward contracts and money market + written on other me thods available ATC The Miller-Orr model and Baumol model. Debt factoring and settlement discounts. SME finance (for more detail refer to the Student Accountant article Business finance and the SME sector September 2001). Purchasing power parity and interest rate parity theories. BPP Working capital questions on inventory management and receivables management are likely here. Investment decisions net present value (NPV), often with tax and inflation. You may need to calculate a weighted average cost of capital before you calculate an NPV. Sources of finance a topical area, we would expect a part question on financing problems covering gearing issues and problems for small an d medium sized companies. Ratio analysis is likely to feature here. Business valuations commonly tested and a core syllabus area. In recent sittings the examiner has looked to combine different syllabus areas within the same exa m question; for example, asking you to calculate a cost of equity and then use i t to value a company. Make sure that you are also able to value debt. Financial environment & risk management recent exchange rate and interest rate v olatility could impact on a company s financial management plans a part question o n this area could be set, with further discussion and calculations on hedging te chniques. Kaplan Investment appraisal risk and uncertainty. Working capital management models for inventory and cash management. Valuations asset and cash flow based values. Business finance gearing/capital structure calculations/commentary. Risk management interest rate risk. LSBF Investment appraisal tax and inflation. Cost of capital project specific discount rates. Business finance rights issue and gearing. Risk parity theory and currency hedging. WCM financing of WC and receivables. Valuation PV of FCF. NPV sensitivity analysis. <PIXTEL_MMI_EBOOK_2005>2</PIXTEL_MMI_EBOOK_2005>