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It is a great pleasure to announce to all you people that a Forum dedicated for Helping ACCA Students, Affiliates and Members has been launched and can be accessed at
ACCA Exam Tips for June 2008 would also be released at ACCA Help Forums this year
So register today and be a part of this great community.
Following arethe Exam tips for Paper 8 Implementing Audit Procedures that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Regulatory framework/third parties
Audit of balance sheet items/testing
Accounting systems/control cycles
Audit completion – analytical review/report qualifications
.
Following arethe Exam tips for Paper 7 Planning - Control and Performance Management that are likely to appear in Dec 2007 . Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Principles of cost accounting/collecting and analysing cost information
Variance analysis
Forecasting/time series
Decision making scenario/cost management/performance indicators
.
.
Following are the Exam tips for Paper 6 Drafting Financial Statements that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Preparation of financial statements for a limited company/non-current assets
Conceptual and regulatory framework/notes to the accounts
Consolidated balance sheet/ratios
Cash flow statement
.
.
Following arethe Exam tips for Paper 5 Managing People and Systems that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Business and accounting environment
Internal controls and MIS
Motivation, leadership/teams
Personal planning and communication
Health and Safety at work, and security
.
Following arethe Exam tips for Paper 4 Accounting for Costs that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Cost classification and behaviour/nature and purpose of management information
Elements of cost with marginal/absorption costing
Process/job costing
Decision making
.
Following are the BPP Exam tips for Paper 3 Maintaining Financial Records that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Following are the important Topics for Dec 2007 attempt.
Sales ledger reconciliation/suspense accounts
Accounting standards and principles
Sole trader accounts
Trial balance adjustments/errors in accounts
.
Following are the BPP Exam tips for Paper 2 Information and Management Control that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
The ACCA don’t issue complete past exams so it is difficult to try to predict what will come up. The exam is entirely multiple choice it is easier for the examiner to cover the whole syllabus of 1 in any one sitting. This means that you will need to cover the whole syllabus and make sure that you have a good breadth of knowledge, covering the main areas i.e.
Using computer systems safely and effectively
Security, confidentiality and legal issues
Management information
Income and expenditure and comparisons
Decision making
.
Following are the BPP Exam Tips for Paper 1 Recording Financial Transactions that are likely to appear in Dec 2007 Attempt. WARNING: The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Because the exam is entirely multiple choice it is easier for the examiner to cover the whole syllabus of 1 in any one sitting. The following topics are however key topics and we would expect them to appear somewhere on the paper.
Understanding and accounting for various business transactions, eg sales, purchases, expenses, trade and settlement discounts
Transaction documentation: invoices, credit notes, statements etc
Basic VAT
Cash handling (eg petty cash, recording in the cash book)
Posting to the general ledger (debits and credits)
Bank reconciliations
Sales/purchase ledger reconciliations
Capital v revenue expenditure
.
