Dear all,
I have uploaded all the tips that i can get to the following forum...
Pls check it out yourself for the tips..thanks and all the best to your exam...
Complete Tips from Paper 1.3-3.7
http://forum.lowyat.net/index.php?showtopic=116302&st=2280
( Post #2281 to Post #2286 )
Additional Tips on FTC HK Tips:
http://forum.lowyat.net/index.php?showtopic=116302&st=2340
( Post #2341 to Post #2353 )
Tuesday, November 21, 2006
Friday, November 17, 2006
十個生活小佳句送給大家‥
開心與不開心，往往都只在人的一念之間， 何不放開一點、簡單一點、單純一點。 集滿三點，我想會開心一點喔。
生活佳句
1.每個人都有一台自己的時光機器吧， 傳送你回到過去的叫做回憶，
傳送你邁向未來的叫做夢想， 讓你完成回憶和夢想的，叫做現在。
2.生命的靈魂是上帝創造的， 生活的精彩是自己規劃的，
人活到老學到老，這句話我很認同， 但是不要活到老做到老。
3.蠶要破繭才能變成蛾，小雞必須破蛋才能變成大雞，
相同的， 人必須先破除心中的圍牆，才能探索圍牆以外的世界。
4.生命中有許多的場合，都要痛下決心去選擇離開；
離開，不一定是悲傷， 有時候是為了到達另一個新境界的過程。
5.自在就像蝴蝶，你愈想去捕捉，牠愈消失於無形，
但是，當你疲倦放棄時，牠卻悄悄的飛近你身旁。
6.金盾銀盾是大家耳熟能詳西方寓言， 不管金盾還是銀盾都不是真正的盾，
人們的執著才是最大的矛盾！ 假如，真理沒有經過思考， 就會變成類似金盾銀盾的辯論題材。
7.思考不是鑽牛角尖，也不是想事情，而是聯想事情， 就像神經的系統，
因為創意是從聯想而來， 一個不經意的聯想，就能找到一個創意， 很可能因此改變你一生，
也可能改變整個世界。
8.以前的人，會問你什麼學校畢業， 不過現代的人，比較少問你這個， 他們不在乎你的背景、學歷， 他們只會問你：「你懂得設計嗎？」 如果你懂設計，就算是私立畢業他們仍然選擇你， 如果你不懂設計，就算你是國立學校，他們一樣沒興趣。
9.平常缺少壓力的人生活過的比較悠， 有壓力的人生活比較積極緊湊， 同理可知，有夢想的人一定比沒有夢想的人堅強， 實現夢想的途中沒有人可以難為你， 就怕你自己難為你自己。 有夢的人最美，勇敢做一個有夢的人， 夢想所以會實現，是因為你從來不想放棄。
10.過去的就讓它過去吧，雲淡風清不留下絲毫的污穢， 分手不出惡言這是與人相處的修養。 知道怎麼上台的人，不一定懂得怎麼下台， 上台靠的是機會，下台需要靠的是智慧啊。
生活佳句
1.每個人都有一台自己的時光機器吧， 傳送你回到過去的叫做回憶，
傳送你邁向未來的叫做夢想， 讓你完成回憶和夢想的，叫做現在。
2.生命的靈魂是上帝創造的， 生活的精彩是自己規劃的，
人活到老學到老，這句話我很認同， 但是不要活到老做到老。
3.蠶要破繭才能變成蛾，小雞必須破蛋才能變成大雞，
相同的， 人必須先破除心中的圍牆，才能探索圍牆以外的世界。
4.生命中有許多的場合，都要痛下決心去選擇離開；
離開，不一定是悲傷， 有時候是為了到達另一個新境界的過程。
5.自在就像蝴蝶，你愈想去捕捉，牠愈消失於無形，
但是，當你疲倦放棄時，牠卻悄悄的飛近你身旁。
6.金盾銀盾是大家耳熟能詳西方寓言， 不管金盾還是銀盾都不是真正的盾，
人們的執著才是最大的矛盾！ 假如，真理沒有經過思考， 就會變成類似金盾銀盾的辯論題材。
7.思考不是鑽牛角尖，也不是想事情，而是聯想事情， 就像神經的系統，
因為創意是從聯想而來， 一個不經意的聯想，就能找到一個創意， 很可能因此改變你一生，
也可能改變整個世界。
8.以前的人，會問你什麼學校畢業， 不過現代的人，比較少問你這個， 他們不在乎你的背景、學歷， 他們只會問你：「你懂得設計嗎？」 如果你懂設計，就算是私立畢業他們仍然選擇你， 如果你不懂設計，就算你是國立學校，他們一樣沒興趣。
9.平常缺少壓力的人生活過的比較悠， 有壓力的人生活比較積極緊湊， 同理可知，有夢想的人一定比沒有夢想的人堅強， 實現夢想的途中沒有人可以難為你， 就怕你自己難為你自己。 有夢的人最美，勇敢做一個有夢的人， 夢想所以會實現，是因為你從來不想放棄。
10.過去的就讓它過去吧，雲淡風清不留下絲毫的污穢， 分手不出惡言這是與人相處的修養。 知道怎麼上台的人，不一定懂得怎麼下台， 上台靠的是機會，下台需要靠的是智慧啊。
Wednesday, November 15, 2006
ACCA December 2006 Exam Tips
Hello,the following is my compilation of tips from every source that i can get,i will update it if i can get any more...
thanks to roy_pck,gary,HBK,b3llad0nna for willingness to share the tips...
WARNING: Tips are no substitute for revision!
Paper 1.3 Managing People
Primary Tips:
* Counseling
* Individual, Groups and Team behaviour
* Motivational Theories
* Objective setting; performance indicators
* Effective Communication
* Management of Diversity/Equal Opportunities
Secondary Tips:
* Leadership Theories
* Recruitment and Selection
* Management by Objectives
* The Learning Process Mumford and Kolb
Paper 2.1 IS
Managing Information Systems
* Business strategy and IS/IT strategy
* IS cost allocation methods
* Feasibility study
* Legacy systems
* Accounting for IS/IT costs
* Staff roles and responsibilities
* Project management and control
* Centralisation/decentralisation
Designing Information Systems
* Methodologies
* Analysis,CASE
* Modelling
* External design: data capture
* Invitation to tender
* Prototyping and 4GL
Evaluating Information Systems
* Security/legislation
* Implementation
* Post-implementation review
* Quality
* Documentation
* Maintenance
Source: Lecturer Parminder Singh (KSA)
1. HCI (specially on GUI n Screen), IS personnel, flat structures
2. Data capture
2. IS/IT/IM strategy
4. Cross-charging, seperate company, centralization/decentralization of IS function
5. SLDC (training, testing, maintenance, fact finding/documentation, TOSE, software packages, change control procedure, data conversion/creation)
6. V model
7. Prototyping, CASE, Spiral model
8. Project management (project plan, network diagram, grantt chart, risk management process)
9. SAD (ERM, decision tables/trees, DFD)
10. Quality (project quality plan)
11. Security (features, malicious software, disaster planning)
12. Legislation (DPA, CMA)
Paper 2.2 Corporate & Business Law
Source: Lecturer Viknes 1v37 (KSA)
Advices:
*Never mention the section if ur unsure as mistake to the section numbers implies serious matter n the whole answer will be voidable at the option of the marker to implies NIL mark for the whole said section or some 'sympathy marks' for u. However, as the fact given, putting down the section number indicating student of well-readness n extra bonus marks might be given to ur overall performance, hereby, again at the option of the marker.
*leading decisions of case law must not be omitted in ur answer. Elaborate all your answer by giving defination (quoted from the act/case law/own defination is acceptable), stating any illustration from the act (if any), n followed by relevant case laws (preferably m'sian case).
Contract law
1. Offer vs ITT & acceptance vs counter offer (D01 Q8)
2. Consideration (executory, executed, past and adequacy issue)
3. Undue Influence (ESSAY)
4. Frustration S57(1)(2)
Company law
1. Minority (Fross v Harbottle possible 20m)
2. Shares (read all plus preference share/redeemable)
3. Receiver (duty, liability)
4. Directorship (dun spot, read all especially duties, possible problem solving question)
5. SLP lifting veil by parliment, S35(1)(2)
6. Auditor (removal)
Agency
1. Duties of Agent to principal
2. Termination
Partnership
1. termination
2. liability
Malaysian Legal System
1. Subsidiary legislation
2. How law is made
3. common law
Employment law
1. constructive dismissal
Paper 2.3 Malaysia Taxation
1. company tax marks targeted: 20/30
- memorize all d expenses whether allowable, not allowable or double deduction n their explanations
- d explanation must b specific. try to avoid explanations like 'wholely and exclusively incurred in d production of income' or 'incurred in d normal course of biz'
- capital allowance is expected to b examined
2. personal tax marks targeted: 15/25
- S13(1)(a) and (b) r expected to b examined in details. must b able to distinguish which benefit falls under which section
- small value asset, repairs vs maintenance, royalty income, child relief (new changes)
3. sales n service tax marks targeted: 8/15
- bad debts
- mostly theories
- sales tax (credit sys)
- service tax (imposition of service tax, failure of non-compliance, evasion of service tax)
4. RPGT marks targeted: 10/15
- memorize d RPGT computation n isi tempat kosong laugh.gif
- NGNL especially transfer of asset from individual to co controlled by him/her [para 3(b)]
- private residence exemption (new changes)
5-7. others: marks targeted: 3/15 laugh.gif
1. CA [HOT!!!]
2. resident status
3. individual tax planning
4. SAS for co
5. case law R or E
*FYI s108 not targeted smile.gif
ACCA 2.4 Financial Management and Control
Investment Appraisal; NPV to include relevant costs, tax and inflation, and possibly capital rationing and/or sensitivity analsysis, determinants of the discount rate
Raising Finance
Ratio analysis
Replacement policy
Working capital management, possibly to include stock
Costing systems (ABC ?)
Budgeting and Budgetary control
Divisional Performance appraisal and strategic performance measures
Long term finance and gearing
FTMS CKT Tips
CaseStudy : Investment Appraisal (NPV)
section b
-Sources of Finance : Ratio -Debt Valuation (calculate & discuss)
-Financial Risk & Investor Ratio
-Standard Costing : Mix & Yield Var**
ACCA Paper 2.4 – Financial Management & Control
Section A: One compulsory question worth 50 marks
Question 1
investment appraisal & about 10 marks management accounting.
Section B: Two out of 4 questions each worth 25 marks
Question 2 to 5
2 of section B questions will be in the area of financial management and the other 2 questions on management accounting. Of these, one question will be purely theory. In the last exam paper, the pure theory question was on aspect of financial management. This time may be financial management as well.
Possible topics:
1. Last Paper Lack Investment Appraisal. Focus on - Investment App :: Appraisal Techniques , evaluation decision with relevant cost, inflation, tax adjustment(might incorparate probability and expected value) , capital rationing & replacement policy.
2. Working capital management. Focus on debtors ( assessing credit worthiness and cash discount), Cash Mgmt ( miller-orr model & operating cycle) also likely.
3. Sources of finance. Focus on debentures( convertible debenture) valuation. Theory on methods of issuing share. Every Exam there is Question on Investment Ratios.
4. Flexible budget,Incremental Budget, ZBB and rolling Budget.Forecasting techniques : Regression Analysis.
5. Performance Measurement
6.There is a question on variances in each exam. So look out! *Mix & Yield Var*
ACCA Paper 2.5
Paper 2.5 does not change. You must work through the last 6 exams. The style and content of the questions remains very much the same.
Q.1 is consolidation and you can expect another balance sheet but be prepared for an income statement. You must be able to include an associate (or a joint venture) in the consolidated accounts using the equity method.
Q.2 is the “list of balances” question – practise on the last 6 exam questions – they cover the same ground. There are two approaches. Either go for workings to start with and then prepare the financial
statements asked for, or prepare pro-forma financial statements first and fill in the numbers as you work through each note in the question. This is a good question to choose in Section B. It is not difficult, but it is time consuming.
Q.3 is the single-standard question together with accounting principles – focus on impairment,provisions, eps, leases, contracts, discontinued operations. Consider the principle of substance over form and the principles of revenue recognition.
Q.4 usually includes a cash flow statement – work through the last 6 question 4s from past papers.You should get some financial analysis in December. Remember your ratios and the key points for comment.
Q.5 is the “multi-standard” question – of course you need to know all examinable standards.
ACCA 2.6 Exam Tips
New Client Appointment / Conflicts of Interest
Practical Audit Risk
Engagement Letters
Materiality
Management Letter - purchases / computer controls
Sampling
Substantive Testing of Receivables / Payables
Audit Report scenarios
Role of Audit Committees
Responsibilities for fraud
McOrange Sheila's 2.6 Tips [NEWLY ARRIVED!!!] rclxm9.gif
1. Ethics
- conflict of interest
- what to do when fraud/ defaults & unlawful acts are discovered
- new client appointment/ considering whether to continue wif client
2. Identifying business risk & how to manage the risks identified/ internal review
3. Internal controls & tests of controls (payrolls function or purchasing function)
4. Role of EA & IA in risk management
5. Internal audit
6. Identifying audit risk - scenario
7. External review - theory - ISRE 2400
8. Substantive procedures
- audit of trade receivables and ISA 505 direct confirmation (incl. use of CAATs)
- audit of bank/ overdraft/ loans (incl. use of CAATs)
- audit of accounting estimates (provision for bad debts, prov for damages)
9. sampling
10. materiality, summary of audit differences
11. analytical review
12. audit automation, CAATs
13. audit report - theory or scenarios
14. going concern (symtoms, audit procedures & audit reports)
15. misc audit stds:
- ISA 260, 510, 720, 230, 700
16. Corp governance- role of audit committee
thanks to roy_pck,gary,HBK,b3llad0nna for willingness to share the tips...
WARNING: Tips are no substitute for revision!
Paper 1.3 Managing People
Primary Tips:
* Counseling
* Individual, Groups and Team behaviour
* Motivational Theories
* Objective setting; performance indicators
* Effective Communication
* Management of Diversity/Equal Opportunities
Secondary Tips:
* Leadership Theories
* Recruitment and Selection
* Management by Objectives
* The Learning Process Mumford and Kolb
Paper 2.1 IS
Managing Information Systems
* Business strategy and IS/IT strategy
* IS cost allocation methods
* Feasibility study
* Legacy systems
* Accounting for IS/IT costs
* Staff roles and responsibilities
* Project management and control
* Centralisation/decentralisation
Designing Information Systems
* Methodologies
* Analysis,CASE
* Modelling
* External design: data capture
* Invitation to tender
* Prototyping and 4GL
Evaluating Information Systems
* Security/legislation
* Implementation
* Post-implementation review
* Quality
* Documentation
* Maintenance
Source: Lecturer Parminder Singh (KSA)
1. HCI (specially on GUI n Screen), IS personnel, flat structures
2. Data capture
2. IS/IT/IM strategy
4. Cross-charging, seperate company, centralization/decentralization of IS function
5. SLDC (training, testing, maintenance, fact finding/documentation, TOSE, software packages, change control procedure, data conversion/creation)
6. V model
7. Prototyping, CASE, Spiral model
8. Project management (project plan, network diagram, grantt chart, risk management process)
9. SAD (ERM, decision tables/trees, DFD)
10. Quality (project quality plan)
11. Security (features, malicious software, disaster planning)
12. Legislation (DPA, CMA)
Paper 2.2 Corporate & Business Law
Source: Lecturer Viknes 1v37 (KSA)
Advices:
*Never mention the section if ur unsure as mistake to the section numbers implies serious matter n the whole answer will be voidable at the option of the marker to implies NIL mark for the whole said section or some 'sympathy marks' for u. However, as the fact given, putting down the section number indicating student of well-readness n extra bonus marks might be given to ur overall performance, hereby, again at the option of the marker.
*leading decisions of case law must not be omitted in ur answer. Elaborate all your answer by giving defination (quoted from the act/case law/own defination is acceptable), stating any illustration from the act (if any), n followed by relevant case laws (preferably m'sian case).
Contract law
1. Offer vs ITT & acceptance vs counter offer (D01 Q8)
2. Consideration (executory, executed, past and adequacy issue)
3. Undue Influence (ESSAY)
4. Frustration S57(1)(2)
Company law
1. Minority (Fross v Harbottle possible 20m)
2. Shares (read all plus preference share/redeemable)
3. Receiver (duty, liability)
4. Directorship (dun spot, read all especially duties, possible problem solving question)
5. SLP lifting veil by parliment, S35(1)(2)
6. Auditor (removal)
Agency
1. Duties of Agent to principal
2. Termination
Partnership
1. termination
2. liability
Malaysian Legal System
1. Subsidiary legislation
2. How law is made
3. common law
Employment law
1. constructive dismissal
Paper 2.3 Malaysia Taxation
1. company tax marks targeted: 20/30
- memorize all d expenses whether allowable, not allowable or double deduction n their explanations
- d explanation must b specific. try to avoid explanations like 'wholely and exclusively incurred in d production of income' or 'incurred in d normal course of biz'
- capital allowance is expected to b examined
2. personal tax marks targeted: 15/25
- S13(1)(a) and (b) r expected to b examined in details. must b able to distinguish which benefit falls under which section
- small value asset, repairs vs maintenance, royalty income, child relief (new changes)
3. sales n service tax marks targeted: 8/15
- bad debts
- mostly theories
- sales tax (credit sys)
- service tax (imposition of service tax, failure of non-compliance, evasion of service tax)
4. RPGT marks targeted: 10/15
- memorize d RPGT computation n isi tempat kosong laugh.gif
- NGNL especially transfer of asset from individual to co controlled by him/her [para 3(b)]
- private residence exemption (new changes)
5-7. others: marks targeted: 3/15 laugh.gif
1. CA [HOT!!!]
2. resident status
3. individual tax planning
4. SAS for co
5. case law R or E
*FYI s108 not targeted smile.gif
ACCA 2.4 Financial Management and Control
Investment Appraisal; NPV to include relevant costs, tax and inflation, and possibly capital rationing and/or sensitivity analsysis, determinants of the discount rate
Raising Finance
Ratio analysis
Replacement policy
Working capital management, possibly to include stock
Costing systems (ABC ?)
Budgeting and Budgetary control
Divisional Performance appraisal and strategic performance measures
Long term finance and gearing
FTMS CKT Tips
CaseStudy : Investment Appraisal (NPV)
section b
-Sources of Finance : Ratio -Debt Valuation (calculate & discuss)
-Financial Risk & Investor Ratio
-Standard Costing : Mix & Yield Var**
ACCA Paper 2.4 – Financial Management & Control
Section A: One compulsory question worth 50 marks
Question 1
investment appraisal & about 10 marks management accounting.
Section B: Two out of 4 questions each worth 25 marks
Question 2 to 5
2 of section B questions will be in the area of financial management and the other 2 questions on management accounting. Of these, one question will be purely theory. In the last exam paper, the pure theory question was on aspect of financial management. This time may be financial management as well.
Possible topics:
1. Last Paper Lack Investment Appraisal. Focus on - Investment App :: Appraisal Techniques , evaluation decision with relevant cost, inflation, tax adjustment(might incorparate probability and expected value) , capital rationing & replacement policy.
2. Working capital management. Focus on debtors ( assessing credit worthiness and cash discount), Cash Mgmt ( miller-orr model & operating cycle) also likely.
3. Sources of finance. Focus on debentures( convertible debenture) valuation. Theory on methods of issuing share. Every Exam there is Question on Investment Ratios.
4. Flexible budget,Incremental Budget, ZBB and rolling Budget.Forecasting techniques : Regression Analysis.
5. Performance Measurement
6.There is a question on variances in each exam. So look out! *Mix & Yield Var*
ACCA Paper 2.5
Paper 2.5 does not change. You must work through the last 6 exams. The style and content of the questions remains very much the same.
Q.1 is consolidation and you can expect another balance sheet but be prepared for an income statement. You must be able to include an associate (or a joint venture) in the consolidated accounts using the equity method.
Q.2 is the “list of balances” question – practise on the last 6 exam questions – they cover the same ground. There are two approaches. Either go for workings to start with and then prepare the financial
statements asked for, or prepare pro-forma financial statements first and fill in the numbers as you work through each note in the question. This is a good question to choose in Section B. It is not difficult, but it is time consuming.
Q.3 is the single-standard question together with accounting principles – focus on impairment,provisions, eps, leases, contracts, discontinued operations. Consider the principle of substance over form and the principles of revenue recognition.
Q.4 usually includes a cash flow statement – work through the last 6 question 4s from past papers.You should get some financial analysis in December. Remember your ratios and the key points for comment.
Q.5 is the “multi-standard” question – of course you need to know all examinable standards.
ACCA 2.6 Exam Tips
New Client Appointment / Conflicts of Interest
Practical Audit Risk
Engagement Letters
Materiality
Management Letter - purchases / computer controls
Sampling
Substantive Testing of Receivables / Payables
Audit Report scenarios
Role of Audit Committees
Responsibilities for fraud
McOrange Sheila's 2.6 Tips [NEWLY ARRIVED!!!] rclxm9.gif
1. Ethics
- conflict of interest
- what to do when fraud/ defaults & unlawful acts are discovered
- new client appointment/ considering whether to continue wif client
2. Identifying business risk & how to manage the risks identified/ internal review
3. Internal controls & tests of controls (payrolls function or purchasing function)
4. Role of EA & IA in risk management
5. Internal audit
6. Identifying audit risk - scenario
7. External review - theory - ISRE 2400
8. Substantive procedures
- audit of trade receivables and ISA 505 direct confirmation (incl. use of CAATs)
- audit of bank/ overdraft/ loans (incl. use of CAATs)
- audit of accounting estimates (provision for bad debts, prov for damages)
9. sampling
10. materiality, summary of audit differences
11. analytical review
12. audit automation, CAATs
13. audit report - theory or scenarios
14. going concern (symtoms, audit procedures & audit reports)
15. misc audit stds:
- ISA 260, 510, 720, 230, 700
16. Corp governance- role of audit committee
ACCA 3.1 Exam Tips
Risk Appraisal, Risk Management and Audit Strategy
Assurance Services - PFI and Performance Measurement
Matters and Evidence - usual GAAP favourites - Intangibles, Provisions, Impairment etc.
Audit Reports - ISAs 570 & 720
Ethics/Professional Conduct/Practice Management
Current Issues - 'Yesterday's News'
ACCA 3.3 Exam Tips
Contribution based decision-making – possibly involving expected values, maximax, maximin & minimax regret.
Performance evaluation – ROI/RI and the conflict between performance evaluation and investment appraisal.
The strategic framework – specifically a question based around the examiner’s recent article on “Business Strategy and Performance Models” (Student Accountant – April 2006). This is likely to focus on Porter’s 5 Forces and/or Ansoff’s matrix
Decision making, focus on calculations of contribution and/or throughput
Pricing decisions (discussion of traditional vs. strategic pricing decisions,maybe something on bowman's strategy clock)
Modern developments. JIT, TQM and a discussion of activity based
management (ABC, ABB etc)
Strategic planning models...value chain analysis or porters 5 forces
Performance measurement. Divisional performance measurement and transfer pricing
Benchmarking
Maybe small question on MIS
ACCA 3.4 Exam Tips
Porters five forces
Macfarlan/Peppard
Earls 3 leg
PEST
EIS
Data management and data mining
Soft systems methodology
Impacts of the use of ecommerce
Software selection – web site design
ACCA 3.5 Exam Tips
• 60 marks study –likely to focus strategic management
• Environmental analysis
• Stakeholders
• Strategic options
• Section B ( possible areas)
• Marketing strategy possibly in a foreign country, where you would
have to analyse how you would adapt the marketing mix for a foreign
market
• Ethics/social responsibility
• ROI problems / benefits
• Role of the accountant in the innovation process
• Innovation/Business Growth/International Business/Change Management
ACCA 3.6 Exam Tips
Section A
This compulsory question will be on the preparation of consolidated accounts and the preparation of a group accounts with a foreign subsidiary is due, as is cash flow statements!
Section B
Share based payments
Deferred tax
Financial instruments.
Developments in group accounts
Management Commentary / the OFR
Reporting of non financial performance e.g. Corporate Social Responsibility, sustainability reporting
Measurement issues
Accounting standard for SMEs
ACCA 3.7 Exam Tips
Section A
* Overseas NPV: Ability to perform a basic overseas NPV/FCF calculation. Including one off cash flows, annuities and perpetuity calculations and the knowledge of the specific issues that relate to foreign direct investment.
* Company Valuation within the context of Merger and Acquisitions: A possible question that requires a valuation under various methods like NAV, DVM, P/E Ratio and FCFs. (maybe within the context of Going Private.) Also review the share for share exchange style questions.
* WACC - Risk adjusted WACC – APV calculations within the context of a standard investment appraisal question. However risk adjusted WACC could also be examined within the context of traditional gearing.
* Risk management: Interest rate risk / Currency Risk
Section B:
* Economic Value Added – EVA
* Portfolio Theory and CAPM - summary and alpha tables
* Dividend Policy
* Term Structure of Interest rate
* International economics – I.M.F., Treasury Management. Balance of payments deficits and Forecasting exchange rates.
Risk Appraisal, Risk Management and Audit Strategy
Assurance Services - PFI and Performance Measurement
Matters and Evidence - usual GAAP favourites - Intangibles, Provisions, Impairment etc.
Audit Reports - ISAs 570 & 720
Ethics/Professional Conduct/Practice Management
Current Issues - 'Yesterday's News'
ACCA 3.3 Exam Tips
Contribution based decision-making – possibly involving expected values, maximax, maximin & minimax regret.
Performance evaluation – ROI/RI and the conflict between performance evaluation and investment appraisal.
The strategic framework – specifically a question based around the examiner’s recent article on “Business Strategy and Performance Models” (Student Accountant – April 2006). This is likely to focus on Porter’s 5 Forces and/or Ansoff’s matrix
Decision making, focus on calculations of contribution and/or throughput
Pricing decisions (discussion of traditional vs. strategic pricing decisions,maybe something on bowman's strategy clock)
Modern developments. JIT, TQM and a discussion of activity based
management (ABC, ABB etc)
Strategic planning models...value chain analysis or porters 5 forces
Performance measurement. Divisional performance measurement and transfer pricing
Benchmarking
Maybe small question on MIS
ACCA 3.4 Exam Tips
Porters five forces
Macfarlan/Peppard
Earls 3 leg
PEST
EIS
Data management and data mining
Soft systems methodology
Impacts of the use of ecommerce
Software selection – web site design
ACCA 3.5 Exam Tips
• 60 marks study –likely to focus strategic management
• Environmental analysis
• Stakeholders
• Strategic options
• Section B ( possible areas)
• Marketing strategy possibly in a foreign country, where you would
have to analyse how you would adapt the marketing mix for a foreign
market
• Ethics/social responsibility
• ROI problems / benefits
• Role of the accountant in the innovation process
• Innovation/Business Growth/International Business/Change Management
ACCA 3.6 Exam Tips
Section A
This compulsory question will be on the preparation of consolidated accounts and the preparation of a group accounts with a foreign subsidiary is due, as is cash flow statements!
Section B
Share based payments
Deferred tax
Financial instruments.
Developments in group accounts
Management Commentary / the OFR
Reporting of non financial performance e.g. Corporate Social Responsibility, sustainability reporting
Measurement issues
Accounting standard for SMEs
ACCA 3.7 Exam Tips
Section A
* Overseas NPV: Ability to perform a basic overseas NPV/FCF calculation. Including one off cash flows, annuities and perpetuity calculations and the knowledge of the specific issues that relate to foreign direct investment.
* Company Valuation within the context of Merger and Acquisitions: A possible question that requires a valuation under various methods like NAV, DVM, P/E Ratio and FCFs. (maybe within the context of Going Private.) Also review the share for share exchange style questions.
* WACC - Risk adjusted WACC – APV calculations within the context of a standard investment appraisal question. However risk adjusted WACC could also be examined within the context of traditional gearing.
* Risk management: Interest rate risk / Currency Risk
Section B:
* Economic Value Added – EVA
* Portfolio Theory and CAPM - summary and alpha tables
* Dividend Policy
* Term Structure of Interest rate
* International economics – I.M.F., Treasury Management. Balance of payments deficits and Forecasting exchange rates.
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