Becker ACCA exam tips | September 2015 attempt

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

F7 exam tips by Becker

*Consolidation issues.
*Revenue recognition.
*Substance vs form.
*Convertible instruments (IFRS 9)
*Accounting for taxation, as part of final accounts question.
*Provisions & contingencies.

F8 exam tips by Becker

*Audit risk.
*Auditor’s report.

F9 exam tips by Becker

*Read the examiner’s/exam teams articles – capital asset pricing model, myopic management , equivalent annual costs and benefits, business valuation, advanced investment appraisal, foreign exchange risk and its management, and introduction to Islamic finance.
*IRR.
*WACC.
*Bond valuation.
*Dividend policy.

P1 exam tips by Becker

*Corporate governance (CG) concepts, underlying fundamentals and arrangements.
*CG in other organizations (e.g. public sector, NGOs).
*Types and forms of CG (e.g. rules based, principles based, insider, outsider systems, UK Corporate Governance Code, SoX).
*Agency theory, stakeholders, Mendelow.
*Board structures, CEO/chairman, directors, NEDs, committees .
*Internal control and business risk, Turn bull.
*Ethical theories and business codes – Kohl berg, Gray, Owen and Adams, Tucker, AAA.
*Professions and the public interest.
*Corporate social responsibility, corporate citizen, footprints and sustainability.
*Integrated reporting, social and environmental auditing.

P2 exam tips by Becker

*Consolidations in Q1.
*Disposals and complex groups (June 2010).
*Disposals (December 2009).
*Step acquisitions (December 2011).
*Cash flow (Dec 2013).
*Foreign Sub (June 2010).
*Complex group (Dec 2012 and June 2013).
*Consolidated profit or loss was examined for the first time in over three years in the June 2014 paper.
*Foreign subsidiaries have not been examined for a few exams.
*Financial Instruments (IFRS 9) to include hedge accounting, (questions on this topic tend to appear in most exams).
*Employee benefits (IAS 19).
*Leases (IAS 17).
*Share-based Payments (IFRS 2).
*Impairment of assets (IAS 36).
*Deferred Tax (IAS 12).

P5 exam tips by Becker

*Budgeting.
*Financial performance indicators such as NPV and MIRR.
*Activity based management.
*Fitzgerald and Moon building block model.
*Six Sigma.

P7 exam tips by Becker

*New audits, tendering.
*Planning, materiality, sampling, analytical review.
*Audit, business or material misstatement risk.
*Group audits, goodwill, joint audit, joint ventures.
*Assurance services, PFI, KPI, due diligence, forensic audit, reviews, insolvency (UK and Ireland students only).
*Ethics, practice management and other professional issues.
*Any audit matter covering IFRS (IAS 1 to 40 and IFRS 1 to 15 – see P2 syllabus).
*Close down procedures, opening balances, comparatives, other information, going concern, subsequent events, representation letter, emphasis of matter, audit reports.
*Outsourcing, service providers, use of an expert.
*Corporate governance, internal audit (relating to ethics, outsourcing), audit committees.
*Current issues (e.g. quality control and professional skepticism) including integrated reporting.

Source: PQ - Magazine

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