BPP ACCA exam tips | September 2015 attempt

These are only hints, intelligent guesses and exam tips by BPP for September 2015 attempt. Don,t fully rely on these tips. Read every area of text books first and then focus on these tricky and expected exam areas/topics on priority basis. Also read latest technical articles . To read technical articles click here.

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F5 exam tips by BPP

Q1-3
* Any syllabus area could be tested here – so study it all!

Q4 & 5
* Planning and operational variances.
* Mix and yield variances and evaluation of the company performance (either as a whole or on a divisional basis).

F6 exam tips by BPP

Q1 - 4
* Property income.
* Pensions.
*A range of capital gains calculations - chattels, part-disposals, use of capital losses & business reliefs.
*Inheritance tax - death tax on lifetime gifts and/or death estate.
*VAT - schemes for small businesses.

Q5 & 6
* Income tax – employment income and/or trading income.
* Corporation tax – capital allowances.

F7 exam tips by BPP

Q1 & 2
* Interpretation or statement of cash flows.
* Consolidation.
* Conceptual framework.
* Intangible/tangible assets and impairment.
* Provisions and contingencies.
*Revenue and grants.
* Financial instruments discounted operations/assets held for sale or earnings per share.

Q3
*Could be single entity or a consolidation – statement of profit or loss and other comprehensive income and/or statement of financial position.

F8 exam tips by BPP

 

Q1 – 4
*Ethical threats and safeguards.
*Corporate governance and internal audit.
*Audit planning, materiality, audit procedures (substantive procedures), audit finalization and audit reports.

Q5 & 6
*Audit risk.
*Internal control.
*Audit procedures – both substantive procedures and tests of controls.

F9 exam tips by BPP

Q1 - 3
*Working capital management – the impact of a change in credit period or accepting a factor’s offer.
*Business or security valuations – assets method and earnings valuation.
*Financial risk management – currency risk or interest rate risk.
Q4 & 5
* Investment appraisal – likely to be NPV with inflation and tax.
*Working capital management & business finance – evaluation of financing options, interest coverage and gearing ratios, or a cost of capital calculation.

P1 exam tips by BPP

*Use of stakeholder, ethical and other CRS theories – all applied to the scenarios.
*June tested the examiner’s technical article on CSR so ensure you are familiar with any new articles.

P2 exam tips by BPP

 

Q1
*Preparation of a group statement of profit of loss and other comprehensive income and /or statement of financial position or statement of cash flows. This may include a foreign subsidiary, discounted activities, disposal and/or acquisitions. You can add other complications such as financial instruments, pensions, share-based payment and impairments.

Q2 & 3
*Tests a range of topics such as deferred tax, foreign currency transactions, financial instruments, pensions, share-based payment, non-current assets, borrowing costs, and the effect of accounting treatments on earnings per share or ratios.
*The other will test a range of standards such as accounting policies and the framework, leases, grants, IFRS for SMEs, reorganisations, provisions, events after the reporting period and related parties.

Q4
*Revision of the conceptual framework.
*Regulatory issues over adoption and consistent application of IFRSs.
*Implementation issues.
*Revenue recognition.
*Management commentary.
*Application of the definition of control and significant influence – equity accounting.
*Improvements in performance measurement.
*Classification in profit or loss vs OCI – see exam team article.
*Integrated reporting – see exam team article.

P3 exam tips by BPP

 

*Value chain.
*Critical success factors and KPIs.
*Role of the corporate parent, including BCG matrix/Ashbridge.
*Managing strategic change – force field analysis.

P4 exam tips by BPP

 

*Project appraisal – cost of capital calculations.
*Business valuation – also likely to include cost of capital calculations.
*Risk management – hedging.
*Currency risk management.
*Business re-organization.
*Real options.

P5 exam tips by BPP

 

*Numerical techniques – KPIs, EVA, transfer pricing, ratios, quality related costs, and ABC.
*Building blocks model.
*Quality management.
*Information reporting – CSFs and KPIs.
*Application of strategic models – PEST, Porter’s 5 Forces, value chain.
*HR frameworks – reward & appraisal systems.
*Risk management.
*Environmental management accounting.

P6 exam tips by BPP

 

*Groups of companies involving overseas aspects.
*Unincorporated business particularly loss relief or involving a partnership.
*Capital gains tax versus inheritance tax.
*Overseas aspects, particularly the new rules on residence.
*Personal service company.
*Company purchase of own shares.
*Enterprise investment schemes/venture capital trusts.
*Change in accounting date.
*Takeover.
*VAT partial exemption.
*Transfer of trade versus sale of subsidiary.
*Dis incorporation relief.
*Pensions contributions.
*Patent box, research and development expenditure.

P7 exam tips by BPP

 

*Q1: Planning, risk assessment, evidence gathering and practice management Issues – including financial statements extracts.
*Q2: Non-audit engagement – PFI, due diligence, audit completion or consolidated groups.
*Audit evidence and financial reporting issues.
*Practice management including ethics.
*Quality control and reporting – completion and communication.

Source : PQ - Magazine

 

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