The ACCA has done the collected the data and below is the list of ACCA December 2010 Exam Passing Rate (worldwide):-
F1 Accountant in Business 70%*
F2 Management Accounting, 60%*
F3 Financial Accounting 60%*
F4 Corporate and Business Law 44%
F5 Performance Management 41%
F6 Taxation 44%
F7 Financial Reporting 47%
F8 Audit and Assurance 38%
F9 Financial Management 40%
P1 Professional Accountant 51%
P2 Corporate Reporting 51%
P3 Business Analysis 48%
P4 Advanced Financial Management 33%
P5 Advanced Performance Management 35%
P6 Advanced Taxation 44%
P7 Advanced Audit and Assurance 34%
* Combined pass rates for paper-based and computer-based exams.
Credit:-
ACCA website @ accaglobal.com
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ACCA Pass Rate December 2010
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ACCA December 2010 Exam Dates
ACCA Exam dates for December 2010 session:-
Monday 6 December 2010
F6 Taxation
P6 Advanced Taxation
Tuesday 7 December 2010
F4 Corporate and Business Law
P7 Advanced Audit and Assurance
Wednesday 8 December 2010
F3 Financial Accounting
F8 Audit and Assurance
Thursday 9 December 2010
F9 Financial Management
P4 Advanced Financial Management
Friday 10 December 2010
F2 Management Accounting
P5 Advanced Performance Management
Monday 13 December 2010
F5 Performance Management
P1 Professional Accountant
Tuesday 14 December 2010
F7 Financial Reporting
P2 Corporate Reporting
Wednesday 15 December 2010
F1 Accountant in Business
P3 Business Analysis
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ACCA Exam June 2010 Passing Rate
The ACCA June 2010 Exam Passing Rate is released at ACCA website on August 2010! A lot of the papers having more than 50% worldwide passing rate. Of course there are few papers that has less than 50% worldwide passing rate. The data had been gathered and tablet.... So which percentage are you??
Read the tablet "ACCA June 2010 Exam Passing Rate" here. Remember this is a worldwide tabled data gathered. For Malaysia ACCA June 2010 Exam Passing Rate, you will have to wait for the Malaysia ACCA to tablet out.
Don't let the result demoralized you! You will do better next sitting in ACCA December 2010 Exam, we will be providing you ACCA December 2010 Exam Tips very soon!
Tomorrow is a Holiday for few of the Malaysia states, maybe you can start going to have a peace of mind during the holiday a long with Merdeka day! 5 days of holiday!!!
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Labels: ACCA
ACCA December Exam Tips
All the ACCA December Exam Tips that you need to get from BPP is here. Get well prepared for the coming ACCA December Exam earlier. These ACCA June Exam Tips and ACCA December Exam Tips are merely for reference, definitely not accurate at all thus do not follow ACCA June Exam Tips and ACCA December Exam Tips blindly.
F4
- Court structures
- Offer and acceptance
- Contract breach
- Employees v independent contractors
- Agency relationships
- Directors duties
- Insolvency
F5
- Performance Management (possibly with transfer pricing)
- Budgeting including objectives and behavioural aspects
- ABC
- Pricing
- Variances including planning & operating variances
F6
- Income tax involving sole trader encompassing profit adjustment and capital allowances and employed earner. Payment of tax details also required.
- Corporation tax involving capital allowance calculation for plant and machinery and industrial building allowance. Double tax relief also tested.
- VAT default surcharge liability.
- Capital gains tax from individual perspective testing gift relief, entrepreneurs’ relief, part disposal, destroyed or damaged asset, exempt assets. Calculation of CGT liability involving capital losses.
- Property income
- Corporation tax losses
F7
- Q1 (25 marks): Consolidated statement of comprehensive income (P&L) and/or statement of financial position (balance sheet) with one subsidiary plus associate (including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area). Discursive part (b) on reasons for adjusting for unrealised profit or other group topic.
- Q2 (25 marks): Accounts restatement/preparation with adjustments e.g. depreciation, current/deferred tax, inventory (stock) valuation, leases, substance over form issues, financial instruments (FV change or amortised cost), revaluations, share issues or government grants. May include EPS calculation or movement in share capital and reserves.
- Q3 (25 marks): Interpretation and/or statement of cash flows, perhaps with written part on not-for-profit entities. Interpretation may focus on limited ratios and their interpretation (e.g. ROCE and its components). Sections of a statement of cash flows (rather than whole statement) may be tested
- Q4 & Q5 (15 & 10 marks): One question in context of conceptual framework; other containing one or two discrete topics. Possibilities: regulatory framework, inflation, earnings per share, government grants, impairment, substance over form issues, leases or intangible assets
F8
- Not for profit organisations
- CAAT
- Corporate Governance
- Test of Controls
- Substantive Testing
- Audit Reports
F9
- Working capital: this has always been a favourite theme; questions on inventory management and receivables management are likely here. Make sure that you are comfortable with calculating the operating cycle and explaining the concept of over-trading.
- Investment decisions: this exam normally contains a question involving net present value (NPV), often with tax and inflation; discounted cash flow techniques can also be applied to asset replacement, capital rationing and leasing as well and one of these areas could well be tested this time. Remember that you may need to calculate a weighted average cost of capital before you calculate an NPV.
- Sources of finance: this is a topical area, we would expect a part question on financing problems covering gearing issues and problems for small-medium sized companies. Ratio analysis is likely to feature here.
- Business Valuations: this area is commonly tested and is a core syllabus area. You should note that in recent sittings the examiner has looked to combine different syllabus areas within the same exam question – for example asking you to calculate a cost of equity and then use it to value a company.
- Make sure that you are also able to value debt. Finally, you need to be able to explain the efficient markets hypothesis – recent stock market volatility casts doubt on the ability of stock markets to price securities in a rational way.
- Financial environment & Risk management: recent exchange rate and interest rate volatility could impact on a company’s financial management plans – a part question on this area could be set, with further discussion and calculations on hedging techniques.
P1
- Sarbanes Oxley - why a rules based system is suitable for corporate governance and comparing it to the UK combined code
- CSR - benefits to organisations of engaging with stakeholders
- Auditing processes - benefits of internal auditing, focussing on environmental auditing
- Disclosure requirements under Turnbull report
- Discussing an ethical issue using the American Accounting Association model
- Explanation of some of the 9 principles of good governance
- Features of an effective control system
- Roles of different committees at board level
- 2 Tier v unitary board structure
P2
Section A
- Compulsory case study including preparation of a group statement of comprehensive income (profit and loss account) (top tip) and/or statement of financial position (balance sheet) including complex group structures, continuing and discontinued activities or group disposals. This will include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
- There will also be discursive requirements on a linked accounting adjustment and social/ethical aspects of corporate reporting and the link between morality and ethics.
Section B
- Industry question (often Q3), testing range of standards (NB: no specific knowledge of the particular industry is required)
- Discussion question (Q4) looking at current developments in corporate reporting such as proposals relating to fair values, success/issues on implementation of IFRSs, treatment of gains and losses on pension schemes, small and medium-sized entities, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. May also include a related computational part based on figures from a case study
- 'Multi-part' testing a range of standards separately, such as related parties, pensions, changes in accounting policies, recognition and/or impairment of tangible and intangible assets, foreign currency transactions, leases, revenue recognition, consistency of standards with the conceptual framework, changes in accounting policies, the effect of accounting treatments on earnings per share or ratios and deferred tax implications
P3
- Organisational goals and culture
- Environmental analysis
- Business processes
- Quality initiatives
- Methods of organisational expansion
- Strategies for competitive advantage
- Portfolio analysis
P4
- Role and responsibility towards stakeholders: ethical issues continue to appear regularly as an optional discussion question. This is an important area to develop as a strength, since the discussion question is normally one of the easier optional questions.
- Advanced investment appraisal: real options and adjusted present value are popular themes and were not tested in the last two sittings. Cost of capital calculations are regularly tested, make sure that you are comfortable adjusting betas for differences in gearing.
- Acquisitions and mergers: this exam normally contains a question involving valuations which the examiner sees as a crucial part of the syllabus, and this area was not examined in June. To give this a topical twist you might be valuing a company that is splitting itself up or selling off a division.
- Corporate reconstruction: this is a topical area; a question could also ask you to evaluate a capital reconstruction e.g. a business that is considering offering its creditors shares in order to enable it to survive.
- Advanced risk management: foreign currency derivatives are due to be tested numerically.
- Emerging issues: the January 2009 article by the examiner on ‘toxic assets’ indicates that this area may well be examined as a part of a question.
P5
- Scope of strategic performance measures in the private sector: you may be asked to draw up an income statement or budget or to compare actual performance against a benchmark. This could include the use of activity-based approaches, learning curves or optimal pricing. Once the financial data has been collated and compared, questions usually include the need to comment on these and may require discussion of non-financial indicators, additional information to improve assessment or strategies to improve performance.
- Divisional performance and transfer pricing issues: this chapter has been a key issue in P5 exams so far, often appearing as a compulsory question. ROI, RI, EVA or even ABC could feature here. Transfer pricing has not yet been tested in a full question but has appeared both as part of optional questions, numerically, and part of the smaller compulsory question, discursively.
- Current developments / trends in management accounting: modern management and management accounting techniques have been examined here with both JIT and TQM common topics in the previous syllabus. Knowledge of these was used to discuss the impact they would have on information systems / performance measures.
- Alternative approaches to budgeting for control: budgeting has been a favourite essay question with your examiner, but missed out in 2008.
- Management accounting and information systems: a question on sources of information, relevance of operational management accounting information in today’s business environment or types of management information system is possible at this sitting as it has not yet been tested in depth at P5.
- Alternative views of performance measurement: the examiner often includes a question to evaluate an organisation against an established theoretical model. The balanced scorecard, performance pyramid and building blocks have all appeared in previous exams.
- Performance hierarchy: linking strategic decisions to mission statements or suggesting strategic options using models such as Ansoff’s matrix or the BCG matrix lend themselves to questions containing a mixture of financial and discursive elements
P6
Section A
- Q1 Case study scenario involving personal tax issues.
- Covering overseas aspects of income tax, calculation of DTR, choice of remuneration package involving share schemes, property income, capital gains.
- Q2 Case study scenario involving group of companies; group relief, capital gains groups implications including consequences of selling a subsidiary, VAT issues of a group
Section B
- Q3 IHT and CGT consequences of gifting wealth in lifetime or on death
- Q4 Purchase of own shares, close companies, liquidation
- Q5 Unincorporated business versus company, involving loss relief
P7
- A risk-based and/or planning scenario in the compulsory section
- Questions based on articles published in Student Accountant in the past six months - such as recent articles on the Clarity Project and Computer Assisted Audit Techniques (CAATs)
- A number of requirements asking for audit procedures and required evidence in respect of specific financial reporting issues (CAATs could also feature here)
- A practice-based scenario looking at professional, ethical and quality control issues
- A reporting scenario of some sort
- Legal and regulatory issues affecting assurance providers, especially in the context of firms’ professional liability, money laundering and the UK Companies Act 2006 (even the IAASB Clarity Project)
- The requirements of other forms of assurance engagement, such as Prospective Financial Information (PFI), Value for Money (VfM) studies or agreed upon procedures
- The correct treatment of more complex accounting issues (such as employee benefits or first time adoption of IFRS) than has been seen before
- As in June 2009 with ISA 315, specific ISAs may be examined in sufficient detail to warrant learning the key elements for regurgitation in the exam
- Discrete topics that we have not yet seen such as subsequent events as part of evaluation and review, questions using the context of internal audit or advertising for certain engagements
- The need to understand current issues such as globalisation, the impact of the recession on auditors, corporate governance, risk management and auditor liability.
All Rights Reserved. This message is intended only for the ordinary use by the person to whom it is addressed and may contain information that is confidential and privileged under applicable laws, or otherwise protected by work product immunity or other legal rules. DO NOT COPY THIS POST.... I am merely sharing what I had received if the author or any related parties or any authorities feel offended in any way please EMAIL ME to have this post be DELETED! Thanks!
ACCA EXAM, ACCA EXAM TIPS, ACCA JUNE 2010 EXAM TIP, ACCA DECEMBER 2010 EXAM TIP, ACCA JUNE EXAM TIP, ACCA DECEMBER EXAM TIP, PASS ACCA, ACCA PILOT PAPER, ACCA MOCK EXAM.
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Labels: ACCA
June 2010 ACCA Exam Tips
Paper F4
* Operation of judicial precedent
* Offer and acceptance of contracts
* The tort of negligence
* Breach of contract and remedies
* Directors’ statutory duties under the Companies Act 2006
* Insider dealing and/or Money Laundering
Paper F5
* Specialist Cost and Management Accounting Techniques. ABC, Throughput Accounting & Target Costing have featured recently. Backflush accounting has not yet been examined. Be prepared to discuss techniques such as ABC compared to traditional costing techniques such as Absorption Costing.
* Decision making techniques. Relevant costing, linear programming and risk & uncertainty have been examined recently. Pricing is yet to be examined in much detail other than a brief discussion about discounting and a requirement to suggest two pricing strategies.
* Budgeting. Learning curves have featured most regularly to date. Discussion marks may look at the appropriateness of budgeting types or the behavioural impacts of types of budgeting. Numerical elements in a budgeting question could include flexed budgets or time series analysis.
* Standard costing & variance analysis. Mix & yield variances, planning & operating variances and operating statements have been examined. Be prepared to discuss performance and whether variances are an indicative measure of good / bad performance.
* Performance Measurement and Control. Questions focusing on interpretation of performance and financial vs non financial measures have featured on all papers to date. Questions could focus on the public sector, divisional performance measures such as ROI / RI or a discussion of the impact on performance of various transfer prices.
Paper F6
Income tax:
* Employment income including benefits and PAYE system
* NIC for employed earners
* Income tax losses
* Property income
* Calculation of income tax payable
* Treatment of pension contributions
Corporation tax:
* Calculation of plant and machinery capital allowances
* Calculation of CT payable
* Submission of CT return and payment of tax
* Group relief
Capital gains tax:
* Calculation of various disposals from a company’s perspective
* Share disposals
* Replacement of business asset relief
* Part disposal
VAT:
* Default surcharge liability notice
* Common penalty regime
* Annual accounting/flat rate scheme
Paper F7
* Q1 (25 marks). Consolidated statement of comprehensive income (P&L) and/or statement of financial position (balance sheet) with one subsidiary plus associate (including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area). Discursive part (b) on reasons for adjusting for unrealised profit or other group topic.
* Q2 (25 marks). Accounts restatement/preparation with adjustments e.g. depreciation, current/deferred tax, inventory (stock) valuation, leases, substance over form issues, financial instruments (change in FV or amortised cost), revaluations, share issues or government grants. May include EPS calculation or movement in share capital and reserves.
* Q3 (25 marks). Interpretation and/or statement of cash flows, perhaps with written part on not-for-profit entities. Interpretation may focus on limited ratios and their interpretation (e.g. liquidity). Sections of a statement of cash flows (rather than whole statement) may be tested.
* Q4 & Q5 (15 & 10 marks). One question in context of conceptual framework; other containing one or two discrete topics. Possibilities: regulatory framework, inflation, government grants, deferred tax, substance over form issues, leases, intangible assets, impairment or construction contracts.
Paper F8
* Not for profit organisations
* Risk assessment
* Ethics
* Computer based auditing
* Analytical procedures
* Fraud
Paper F9
* Working capital. This has always been a favourite theme; questions on inventory management and receivables management are likely here. Make sure that you are comfortable with using working capital ratios to calculate inventory, receivables, payables and cash balances.
* Investment decisions. This exam normally contains a question involving net present value (NPV), often with tax and inflation. Remember that you may need to calculate a weighted average cost of capital before you calculate an NPV.
* Sources of finance. This is a topical area, we would expect a part question on financing problems covering gearing issues and problems for small-medium sized companies. Ratio analysis is likely to feature here.
* Business Valuations. This area is commonly tested and is a core syllabus area. You should note that in recent sittings the examiner has looked to combine different syllabus areas within the same exam question – for example asking you to calculate a cost of equity and then use it to value a company. Make sure that you are also able to value debt.
* Financial environment & risk management. Recent exchange rate and interest rate volatility could impact on a company’s financial management plans – a part question on this area could be set, with further discussion and calculations on hedging techniques.
Paper P1
* Corporate Governance. Governance underpins the P1 syllabus so you can expect detailed questions on principles-based systems such as the UK Combined Code (2006). Make sure that you fully understand the role and responsibilities of directors (both executive and non executive), and how good governance structures help to reduce risk. Remember that you may need to discuss the various committees recommended as part of best practice, and the disclosures required by the Turnbull report.
* Risk Management. Typical risk management questions often require you to identify specific risks in a given scenario, and then suggest how the organisation might seek to respond to those risks. You may also need to give your opinion on the risks, so key models that are highly examinable are the risk mapping matrix and the ‘TARA’ response model.
* Control Systems. In order to respond to risks, organisations will implement a range of controls. You need to be able to suggest suitable controls in a given context, and show that you know the difference between the control environment and control procedures. Questions in internal control may also cover internal audit, as this is an integral part of both risk management and control.
* Ethics. Ethics questions invariably require candidates to related their opinions or ideas to key theories. Remember that personal ethics relate to how we behave or choose to behave, and key schools of thought include Deontology (duty) and Telelogy (Outcome). Kohlberg’s model of ethical development is highly examinable, and questions may ask you to recognise where a particular individual fits into the model. Professional ethics is concerned with following an ethical code of conduct, and questions may ask you to evaluate an accountant’s actions.
* Corporate Social Responsibility. Organisations have a wider duty to stakeholders. This area is always highly examinable, and questions frequently ask candidates to refer to the Gray Owen Adams model, when identifying how an organisation should choose to behave.
Paper P2
Section A:
* Compulsory case study including preparation of a group statement of comprehensive income (profit and loss account) and/or statement of financial position (balance sheet) including complex group structures, continuing and discontinued activities or foreign subsidiary, or alternatively a statement of cash flows. This will include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
* There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate reporting.
Section B:
* Industry question (often Q3), testing range of standards (NB: no specific knowledge of the particular industry is required)
* Discussion question (Q4) looking at current developments in corporate reporting such as small and medium-sized entities, leases, success/issues on implementation of IFRSs, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. May also include a related computational part based on figures from a case study.
* ‘Multi-part’ testing a range of standards separately, such as related parties, pensions, changes in accounting policies, recognition and/or impairment of tangible and intangible assets, foreign currency transactions, leases, revenue recognition, consistency of standards with the conceptual framework, changes in accounting policies, the effect of accounting treatments on earnings per share or ratios and deferred tax implications.
Paper P3
* Internal/External analysis. A core area of the syllabus and could be based around a number of key models all of which may be used to analyse the current position of the organisation. This could be the main part of your section A. The value chain and BCG matrix are included so make sure you are able to work with these models. Ensure that you can undertake analysis of a business’ current position and performance using ratios as this is increasingly an element of P3.
* Generation and evaluation of strategic options. Leading on from an initial analysis of a business you may be asked to offer advice on the best options in light of the current position or having been informed of an issue an organisation is facing.
* Project management. Most business decisions result in projects being initiated. This is an important area of P3 and although we have seen this before there are a number of ways this area could be examined.
* Business processes and Change management. Although seen in previous sittings this could be part of a requirement. This could incorporate changes to both upstream and downstream supply chains.
* Quality. A popular area of the syllabus that has featured in a number of sittings. We have seen the key models examined in recent sittings. The importance of quality may see it included as a part requirement or underpinning a business decision.
* Marketing. Techniques and customer relationship could feature in section B. Competitive behaviour through lifecycle modelling could be an underpinning issue in either section A or B.
* Stakeholders. Identification of stakeholders has been examined previously although you may still see this as a part requirement.
Paper P4
* Role and responsibility towards stakeholders. Ethical issues continue to appear regularly as an optional discussion question, normally with practical financial issues from elsewhere in the syllabus. The discussion question is normally one of the easier optional questions.
* Advanced investment appraisal. The compulsory question often features an NPV question with an analysis of risk. Cost of capital calculations are regularly tested, make sure that you are comfortable adjusting betas for differences in gearing. Real options and adjusted present value are also popular themes, and are normally tested in section B of the exam.
* Acquisitions and mergers. Although this area was heavily examined in December, this exam normally contains a question involving valuations which the examiner sees as a crucial part of the syllabus.
* Corporate reconstruction. This is a topical area; a question could also ask you to evaluate a capital reconstruction e.g. a business that is considering offering its creditors shares in order to enable it to survive.
* Advanced risk management. We would expect to see a numerical risk management question featuring either interest rate or exchange rate hedging. Foreign currency derivatives are due to be tested numerically; the new examiner has indicated that questions may well ask you to compare the results of a hedge using a number of different hedging techniques.
Paper P5
* Scope of strategic performance measures in the private sector. Analysis of financial and non-financial performance; this could include the use of activity-based approaches or learning curves, and strategies to improve performance.
* Divisional performance and transfer pricing issues. ROI, RI , EVA or even ABC could feature here; transfer pricing could feature as an aspect of these questions.
* Problems with budgeting. Budgeting has been a favourite essay question with your examiner, especially an awareness of the problems of budgeting but was largely unexamined in 2009.
* Alternative views of performance measurement. The examiner often includes a question to evaluate an organisation against an established theoretical model. The balanced scorecard, performance pyramid and building blocks have all appeared in previous exams.
* Performance hierarchy. Linking strategic decisions to mission statements or suggesting strategic options using models such as Ansoff’s matrix or the BCG matrix lend themselves to questions containing a mixture of financial and discursive elements that could easily include a simple NPV or profit analysis.
Paper P6
Income tax:
* Pension contributions – tax relief
* EIS/VCT schemes
* Income tax losses
* Accrued income scheme
* Personal service companies
* Termination payments
* Share schemes
* Overseas aspects for individuals
Capital gains tax:
* Small part disposal of land
* Takeover/reorganisations
* EIS reinvestment relief
* Damaged/destroyed assets
* Leases/wasting assets
Inheritance tax:
* Death estate, treatment of lifetime gifts
* Quick succession relief
* Gifts with reservation of benefit
* Variation of will
* Payment of IHT
* IHT implications of transferring property into a trust
Corporation tax:
* Research and development
* Intangible assets
* Liquidation/winding up
* Consortium relief
Value added tax:
VAT groups
* Imports/exports
* Partial exemption
* Treatment of VAT on disposal of buildings
Ethics
Paper P7
* A risk-based and/or planning scenario in the compulsory section
* Questions based on articles published in Student Accountant in the past six months – such as the article on Going Concern from February 2010
* A number of requirements asking for audit procedures and required evidence in respect of specific financial reporting issues
* A practice-based scenario looking at professional, ethical and quality control issues
* A reporting scenario of some sort – probably testing either emphasis of matter or other matter paragraphs
* Legal and regulatory issues affecting assurance providers, especially in the context of firms’ professional liability and the UK Companies Act 2006
* Specific procedures for obtaining evidence (such as analytical procedures and other ISAs that have changed following the Clarity Project) and evaluating the quality of audit work carried out, both for components and groups
* The requirements of other forms of assurance engagement, such as Value for Money (VfM) studies or agreed upon procedures
* The correct treatment of more complex accounting issues (such as employee benefits and adoption of IFRS) than has been seen before
* Specific ISAs may be examined in sufficient detail to warrant learning the key elements for regurgitation in the exam, such as comparatives (ISA 710) other information (ISA 720) or opening balances (ISA 510)
* Discrete topics that we have not yet seen such as questions using the context of internal audit or examples of other non-audit engagements
* The need to understand current issues such as globalisation, the impact of the recession on auditors, corporate governance, risk management and auditor liability – especially relevant in the context of the going concern article from February 2010
ACCA EXAM, ACCA EXAM TIPS, ACCA JUNE 2010 EXAM TIP, ACCA DECEMBER 2010 EXAM TIP, ACCA JUNE EXAM TIP, ACCA DECEMBER EXAM TIP, PASS ACCA, ACCA PILOT PAPER, ACCA MOCK EXAM.
DISCLAIMER : All these tips are not provided or created by me, I'm solely sharing the tips thus any damages caused will not be held liable on me.
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All Rights Reserved. This message is intended only for the ordinary use by the person to whom it is addressed and may contain information that is confidential and privileged under applicable laws, or otherwise protected by work product immunity or other legal rules. DO NOT COPY THIS POST.... I am merely sharing what I had received if the author or any related parties or any authorities feel offended in any way please EMAIL ME to have this post be DELETED! Thanks!
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Labels: ACCA
ACCA Exam Dates for June 2010
Good luck in ACCA Exam June 2010
Exam timetable for ACCA Exams June 2010
07 June2010 (Mon)
F6 Taxation / P6 Advanced Taxation
08 June 2010(Tue)
F4 Corporate and Business Law / P7 Advanced Audit and Assurance
09 June 2010
F3 Financial Accounting / F8 Audit and Assurance
10 June 2010
F9 Financial Management / P4 Advanced Financial Management
11 June 2010
F2 Management Accounting / P5 Advanced Performance Management
You have 2 days to rest before the start of new paper in ACCA Exam June 2010
14 June 2010(Mon)
F5 Performance Management / P1 Professional Accountant
15 June 2010 (Tue)
F7 Financial Reporting / P2 Corporate Reporting
16 June 2010 (Wed)
F1 Accountant in Business / P3 Business Analysis
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ACCA June 2009 Exam Tips
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.
ACCA EXAM, ACCA EXAM TIPS, ACCA JUNE 2010 EXAM TIP, ACCA DECEMBER 2010 EXAM TIP, ACCA JUNE EXAM TIP, ACCA DECEMBER EXAM TIP, PASS ACCA, ACCA PILOT PAPER, ACCA MOCK EXAM.
source : opentuition
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ACCA June 2009 Examiners
Paper F1, Accountant in Business Bob Souster
Paper F2, Management Accounting David Forster
Paper F3, Financial Accounting Nicola Ventress
Paper F4, Corporate and Business Law (BWA) John Kiggundu
Paper F4, Corporate and Business Law (CHN) Zhidong Chen
Paper F4, Corporate and Business Law (CYP) Pambos Ioannides
Paper F4, Corporate and Business Law (ENG) David Kelly
Paper F4, Corporate and Business Law (HKG) Paul Kwong Kin Ning
Paper F4, Corporate and Business Law (LSO) Umesh Kumar
Paper F4, Corporate and Business Law (MLA) Louise Ellul Cachia Caruana
Paper F4, Corporate and Business Law (MYS) S Thalmalingam
Paper F4, Corporate and Business Law (PKN) Muhammad Arif Saeed
Paper F4, Corporate and Business Law (RUS) Robert Souster
Paper F4, Corporate and Business Law (SGP) Erin Goh-Low Soen Yin
Paper F4, Corporate and Business Law (VNM) Robert Souster
Paper F4, Corporate and Business Law (ZAF) Jopie Pretorius
Paper F4, Corporate and Business Law (ZWE) Emmanuel Magade
Paper F5, Performance Management Geoff Cordwell
Paper F6, Taxation (BWA) Terry Brick
Paper F6, Taxation (CHN) Kit Chung
Paper F6, Taxation (CYP) George Poufos
Paper F6, Taxation (CZE) Milena Hrdinkova
Paper F6, Taxation (HKG) Betty Kwok Yuk Sim and Shirley Fu Me Yuk
Paper F6, Taxation (HUN) Agnes Claus
Paper F6, Taxation ( IND ) N Rangachary
Paper F6, Taxation (IRL) Eugene Dolan
Paper F6, Taxation (LSO) Nthoto Ramalefane
Paper F6, Taxation (MLA) Walter Cutajar
Paper F6, Taxation (MWI) Andrew Chioko
Paper F6, Taxation (MYS) Shareena Othman (Cheong Shaw Gor)
Paper F6, Taxation (PKN) Nusswan Rustomjee
Paper F6, Taxation (POL) Jan Czerniawski
Paper F6, Taxation (RUS) Natalia Denisova
Paper F6, Taxation (SGP) Damien Hong Chin Fock
Paper F6, Taxation (VNM) Warrick Cleine
Paper F6, Taxation ( UK ) David Harrowven
Paper F6, Taxation (ZAF) Keith Huxham
Paper F6, Taxation (ZWE) Georgina Masike
Paper F7, Financial Reporting Stephen Scott
Paper F8, Audit and Assurance Alan Lewin
Paper F9, Financial Management Antony Head
Paper P1, Professional Accountant David Campbell
Paper P2, Corporate Reporting Graham Holt
Paper P3, Business Analysis Steve Skidmore
Paper P4, Advanced Financial Management Bob Ryan
Paper P5, Advanced Performance Management Shane Johnson
Paper P6, Advanced Taxation (CHN) Sandy Lin
Paper P6, Advanced Taxation (CYP) Loizos Timinis
Paper P6, Advanced Taxation (HKG) Betty Kwok Yuk and Shirley Fu Me Yuk
Paper P6, Advanced Taxation (IRL) James O'Hara
Paper P6, Advanced Taxation (MLA) Kevin Catania
Paper P6, Advanced Taxation (MYS) Richard Thornton
Paper P6, Advanced Taxation (SGP) Jenny Lim
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Labels: ACCA
