Free Download Acca F9 Financial Management Kaplan Mock Exams For June 2015 Attempt
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Monday, 25 May 2015
Thursday, 21 May 2015
ACCA F9 Financial Management Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
These acca exam tips will help you in
questions other than MCQ’s while MCQ’s can come up in exam from any area
so in order to get success you must cover the breadth of every topic.
– NPV with Inflation and Taxation
– IRR
Working Capital Management:
– Cash operating cycle
– Receivables management
– Payables management or Inventory management
Valuations:
– PE ratio
– Dividend valuation methods
– Cash flow based values
– Efficient market hypothesis
Business Finance:
– Financial Ratios (Interpretation)
– Cost of Capital
Risk Management:
– Foreign Exchange Risk
Financial Management Function and Environment
20 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. It is likely that some of the MCQs will test the financial management and objectives (ratio analysis, the concept of shareholder wealth) as well as economic environment and financial institutions topics (financial intermediation, fiscal and monetary policies). The efficient market hypothesis is likely to be tested here too. But bear in mind that the whole point of setting MCQs is to test good coverage of the syllabus in the exam.
Section B
Q1 – Q3: Three 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 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 (most likely in the form of currency risk but it is possible that interest rate risk is examined here).
Q4 & Q5: Two 15 mark questions which will be broken down into sub requirements and be scenario based. These two questions will focus on these topics investment appraisal (likely to be an NPV with inflation and tax), working capital management and business finance (either an evaluation of financing options – interest coverage and gearing ratios are likely to be important here or a cost of capital calculation are most likely). Whichever of these three topics does not feature in question 4 or 5 will appear in question 1, 2 or 3.
F9 has the following syllabus areas:
A Financial management function
B Financial management environment
C Working capital management
D Investment appraisal
E Business finance
F Business valuations
G Risk management
– Calculation of NPV. Discussion question on risk and uncertainty – example – sensitivity analysis and probability distribution.
– Quantity discount (EOQ) and factoring calculations. Discussion of working capital financing and/or investment policies.
– Factors to consider in formulating dividend policy or the effect of a change in dividend policy on share price.
– Valuation of equity using; DVM, P/E ratio and asset basis. Valuation of convertible debt and calculation of conversion premium. Explanation of weak and strong form of efficient market.
– Hedging currency risk using forward contract and money market hedge. Discussion of transaction, economic and translation risk.
– Working capital management.
– Investment appraisal and cost of capital.
– Business valuations.
Section B: 5 questions:
– Management of receivables
– Valuation of business (using PE ratio, and using dividend valuation model)
– Investment appraisal – NPV calculation (plus capital rationing)
– WACC calculation (including CAPM)
– Gearing (financial and operational)
– IRR.
– Debt factoring.
– Dividend policy.
– Project-specific cost of equity.
ACCA F9 Exam Tips:
ACCA Exam Tips for paper F9 Financial Management for June 2015 session are given as follows by famous tuition providersKaplan
Investment Appraisal:– NPV with Inflation and Taxation
– IRR
Working Capital Management:
– Cash operating cycle
– Receivables management
– Payables management or Inventory management
Valuations:
– PE ratio
– Dividend valuation methods
– Cash flow based values
– Efficient market hypothesis
Business Finance:
– Financial Ratios (Interpretation)
– Cost of Capital
Risk Management:
– Foreign Exchange Risk
Financial Management Function and Environment
Bpp
Section A20 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. It is likely that some of the MCQs will test the financial management and objectives (ratio analysis, the concept of shareholder wealth) as well as economic environment and financial institutions topics (financial intermediation, fiscal and monetary policies). The efficient market hypothesis is likely to be tested here too. But bear in mind that the whole point of setting MCQs is to test good coverage of the syllabus in the exam.
Section B
Q1 – Q3: Three 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 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 (most likely in the form of currency risk but it is possible that interest rate risk is examined here).
Q4 & Q5: Two 15 mark questions which will be broken down into sub requirements and be scenario based. These two questions will focus on these topics investment appraisal (likely to be an NPV with inflation and tax), working capital management and business finance (either an evaluation of financing options – interest coverage and gearing ratios are likely to be important here or a cost of capital calculation are most likely). Whichever of these three topics does not feature in question 4 or 5 will appear in question 1, 2 or 3.
F9 has the following syllabus areas:
A Financial management function
B Financial management environment
C Working capital management
D Investment appraisal
E Business finance
F Business valuations
G Risk management
Lsbf
– Calculating cost of equity using CAPM or dividend valuation model, cost of redeemable debt and bank loan/preference shares. Circumstances under which WACC can be used.– Calculation of NPV. Discussion question on risk and uncertainty – example – sensitivity analysis and probability distribution.
– Quantity discount (EOQ) and factoring calculations. Discussion of working capital financing and/or investment policies.
– Factors to consider in formulating dividend policy or the effect of a change in dividend policy on share price.
– Valuation of equity using; DVM, P/E ratio and asset basis. Valuation of convertible debt and calculation of conversion premium. Explanation of weak and strong form of efficient market.
– Hedging currency risk using forward contract and money market hedge. Discussion of transaction, economic and translation risk.
First Institution
– Discussion of the economic environment and the impact on interest and exchange rates.– Working capital management.
– Investment appraisal and cost of capital.
– Business valuations.
OpenTuition
Section A: 20 MCQ’s from throughout the syllabusSection B: 5 questions:
– Management of receivables
– Valuation of business (using PE ratio, and using dividend valuation model)
– Investment appraisal – NPV calculation (plus capital rationing)
– WACC calculation (including CAPM)
– Gearing (financial and operational)
Beckers Professional
– NPV– IRR.
– Debt factoring.
– Dividend policy.
– Project-specific cost of equity.
Manchester Metropolitan University MMU
Coming SoonACCA F8 Audit And Assurance Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
These
acca exam tips will help you in questions other than MCQ’s while MCQ’s
can come up in exam from any area so in order to get success you must
cover the breadth of every topic.
– Ethics
– Conflict of Interest
– Audit Committees
Internal Audit:
– Outsourcing
– VFM
– Assistance to External Auditors
Planning and Risk:
– Audit Risks
Internal Control:
– Inventory, Purchases, Payroll System
– Test of Controls
Audit Evidence:
– Purchases, Revenue, Inventory, Payroll
Completion and Reporting:
– Evaluate Misstatement
– Going Concern
– Auditors Reports
Specific Topics:
– Limited Assurance Engagement
– Risk Assessment Procedures
– Engagement Letters
– Financial Assertions (Ratios)
– Expectation Gap
– Inherent Limitation of Internal Controls
– Audit Planning
12 multiple choice questions of which eight are worth 2 marks each and four are worth 1 mark each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined.
Section B
Q1 – Q4: Four 10 mark questions. These will test single topic areas of the syllabus and so will either test syllabus area A, B, C, D or E. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 4 include ethical threats and safeguards, corporate governance and internal audit, audit planning, materiality, audit procedures (especially substantive procedures), audit finalisation and audit reports.
Q5 & Q6: Two 20 mark questions which will be broken down into sub requirements and be scenario based. The majority of marks in each question will test syllabus areas B, C and/or D.
Areas expected to be tested in questions 5 and 6 include audit risk, internal control and audit procedures (both substantive procedures and tests of controls).
F8 has the following syllabus areas:
A Audit framework and regulation
B Planning and risk assessment
C Internal control
D Audit evidence
E Review and reporting
12 MCQs from across whole syllabus.
Section B
Substantive procedures
– Purchases.
– Trade payables.
– Provisions.
– Bank and cash.
Internal controls
– Purchases (control deficiencies, recommendations, tests of control).
Audit risk and response
– Written scenario plus ratios/analytical procedures.
Ethics
– Threats to objectivity.
– Confidentiality.
Audit reports
– Scenarios to test the various report modifications.
Internal audit
– Reliance by external audit.
– Roles.
Other
– CAATs.
– ISA 240 Fraud.
– ISA 250 Laws and Regulations.
– Positive and Negative Assurance.
– Ethics.
– Audit risk and auditor response (including ratio calculations).
– Internal control – deficiencies, implications and recommendations (purchases and payables cycle).
– Audit evidence and substantive testing.
– Subsequent events, written representations and going concern.
– Modified auditor’s reports.
Section B:
– Audit Risk and Audit Planning including analytical procedures
– Audit evidence and procedures: Receivables
– Internal controls – Payables systems
– New audit engagement and engagement letter
– Ethics
ACCA F8 Exam Tips:
ACCA Exam Tips for paper F8 Audit and Assurance for June 2015 session are given as follows by famous tuition providersKaplan
Audit Framework:– Ethics
– Conflict of Interest
– Audit Committees
Internal Audit:
– Outsourcing
– VFM
– Assistance to External Auditors
Planning and Risk:
– Audit Risks
Internal Control:
– Inventory, Purchases, Payroll System
– Test of Controls
Audit Evidence:
– Purchases, Revenue, Inventory, Payroll
Completion and Reporting:
– Evaluate Misstatement
– Going Concern
– Auditors Reports
Specific Topics:
– Limited Assurance Engagement
– Risk Assessment Procedures
– Engagement Letters
– Financial Assertions (Ratios)
– Expectation Gap
– Inherent Limitation of Internal Controls
– Audit Planning
Bpp
Section A12 multiple choice questions of which eight are worth 2 marks each and four are worth 1 mark each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined.
Section B
Q1 – Q4: Four 10 mark questions. These will test single topic areas of the syllabus and so will either test syllabus area A, B, C, D or E. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 4 include ethical threats and safeguards, corporate governance and internal audit, audit planning, materiality, audit procedures (especially substantive procedures), audit finalisation and audit reports.
Q5 & Q6: Two 20 mark questions which will be broken down into sub requirements and be scenario based. The majority of marks in each question will test syllabus areas B, C and/or D.
Areas expected to be tested in questions 5 and 6 include audit risk, internal control and audit procedures (both substantive procedures and tests of controls).
F8 has the following syllabus areas:
A Audit framework and regulation
B Planning and risk assessment
C Internal control
D Audit evidence
E Review and reporting
Lsbf
Section A12 MCQs from across whole syllabus.
Section B
Substantive procedures
– Purchases.
– Trade payables.
– Provisions.
– Bank and cash.
Internal controls
– Purchases (control deficiencies, recommendations, tests of control).
Audit risk and response
– Written scenario plus ratios/analytical procedures.
Ethics
– Threats to objectivity.
– Confidentiality.
Audit reports
– Scenarios to test the various report modifications.
Internal audit
– Reliance by external audit.
– Roles.
Other
– CAATs.
– ISA 240 Fraud.
– ISA 250 Laws and Regulations.
– Positive and Negative Assurance.
First Institution
MCQs on the whole syllabus.– Ethics.
– Audit risk and auditor response (including ratio calculations).
– Internal control – deficiencies, implications and recommendations (purchases and payables cycle).
– Audit evidence and substantive testing.
– Subsequent events, written representations and going concern.
– Modified auditor’s reports.
OpenTuition
Section A: 10 Marks MCQ’s from Whole SyllabusSection B:
– Audit Risk and Audit Planning including analytical procedures
– Audit evidence and procedures: Receivables
– Internal controls – Payables systems
– New audit engagement and engagement letter
– Ethics
Beckers Professional
Coming SoonManchester Metropolitan University MMU
Coming SoonACCA F7 Financial Reporting Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
These
acca exam tips will help you in questions other than MCQ’s while MCQ’s
can come up in exam from any area so in order to get success you must
cover the breadth of every topic.
Twenty 2 mark multiple choice questions on a wide range of topics including several on consolidation and interpretation of financial statements
Expect a few questions on non-core areas (e.g. inflation, specialised entities)
Section B
Q1 & 2: Two 15 mark questions
One likely to be an interpretation or statement of cash flows, the other may be a consolidation question if Q3 is not a consolidation.
Other possibilities: conceptual framework, intangible/tangible assets and impairment, provisions and contingencies, revenue and grants, financial instruments discontinued operations/assets held for sale or earnings per share.
Q3: 30 mark financial statement preparation question. Could be for a single entity or a consolidation (statement of profit or loss and other comprehensive income and/or statement of financial position). Will include adjustments on other syllabus areas.
May include a short separate part, e.g. with a statement of changes in equity, statement of cash flows extract, earnings per share calculation or linked written topic.
A consolidation question would include one subsidiary and often an associate, with adjustments, e.g. fair values, deferred/contingent consideration, PUP on inventories/PPE, intragroup trading and balances, goods/cash in transit.
A single entity question could be preparation from a trial balance or restatement of given financial statements with the usual adjustments for depreciation, revaluation and current/deferred tax (including deferred tax on revaluations) plus a mixture of adjustments on other syllabus areas, e.g. leases, substance over form issues, financial instruments (change in fair value or amortised cost), share issues, government grants, inventory valuation, revenue recognition or construction contracts.
20 two-mark MCQs can be on any area of the syllabus. If the 15 marker is on Consols then many of the MCQs will also be on Consols; likewise, if 15 marker is on Published, then many MCQs will be on Standards.
Section B
– Q1 (15 marks): Could be ratios and interpretation, statement of cash flow or mixed standards.
– Q2 (15 marks): Will be on consolidations or published accounts.
– Q3 (30 marks): Will be on published accounts (or consolidations).
– Employment/self-employment.
– Ethics.
– PAYE.
– Cash basis.
– Opening years/basis periods.
– Corporation tax/income tax losses.
– Corporation tax – long accounting periods.
– VAT invoice content and annual accounting.
– CGT: principal private residence and entrepreneur’s relief, chattels.
40 marks MCQ anywhere from the syllabus
Section B
In addition to the 20 mcqs, there are 2 questions worth 15 marks each and will likely be based on one or more IAS / IFRS and or recent articles from Student Accountant.
Possible topics and related articles include:
– IAS 18 Revenue and the article “Revenue Recognition”
– IAS 17 Leasing and two articles “Accounting for Leases” and “Leases – Operating or Finance”
– IAS 41 Agriculture
And the last question for 30 marks – cash flow with maybe a bit of comment on financial situation (last two exams have had financial performance evaluation / commentary)
– Revenue recognition.
– Substance v form.
– Convertible instruments (IAS 32/IFRS 9).
– Accounting for taxation, as part of final accounts.
– Accounting for assets, particularly IAS 16.
– Provisions v contingencies.
ACCA F7 Exam Tips:
ACCA Exam Tips for paper F7 Financial Reporting for June 2015 session are given as follows by famous tuition providersKaplan
ACCA Exam Tips are no longer relevant for F7, due to the paper now consisting of 40% OTs, however it is essential to know the wide variety of accounting standards and concepts, as well as being able to construct sets of financial statements.Bpp
Section ATwenty 2 mark multiple choice questions on a wide range of topics including several on consolidation and interpretation of financial statements
Expect a few questions on non-core areas (e.g. inflation, specialised entities)
Section B
Q1 & 2: Two 15 mark questions
One likely to be an interpretation or statement of cash flows, the other may be a consolidation question if Q3 is not a consolidation.
Other possibilities: conceptual framework, intangible/tangible assets and impairment, provisions and contingencies, revenue and grants, financial instruments discontinued operations/assets held for sale or earnings per share.
Q3: 30 mark financial statement preparation question. Could be for a single entity or a consolidation (statement of profit or loss and other comprehensive income and/or statement of financial position). Will include adjustments on other syllabus areas.
May include a short separate part, e.g. with a statement of changes in equity, statement of cash flows extract, earnings per share calculation or linked written topic.
A consolidation question would include one subsidiary and often an associate, with adjustments, e.g. fair values, deferred/contingent consideration, PUP on inventories/PPE, intragroup trading and balances, goods/cash in transit.
A single entity question could be preparation from a trial balance or restatement of given financial statements with the usual adjustments for depreciation, revaluation and current/deferred tax (including deferred tax on revaluations) plus a mixture of adjustments on other syllabus areas, e.g. leases, substance over form issues, financial instruments (change in fair value or amortised cost), share issues, government grants, inventory valuation, revenue recognition or construction contracts.
Lsbf
Section A20 two-mark MCQs can be on any area of the syllabus. If the 15 marker is on Consols then many of the MCQs will also be on Consols; likewise, if 15 marker is on Published, then many MCQs will be on Standards.
Section B
– Q1 (15 marks): Could be ratios and interpretation, statement of cash flow or mixed standards.
– Q2 (15 marks): Will be on consolidations or published accounts.
– Q3 (30 marks): Will be on published accounts (or consolidations).
First Institution
MCQs on the whole syllabus.– Employment/self-employment.
– Ethics.
– PAYE.
– Cash basis.
– Opening years/basis periods.
– Corporation tax/income tax losses.
– Corporation tax – long accounting periods.
– VAT invoice content and annual accounting.
– CGT: principal private residence and entrepreneur’s relief, chattels.
OpenTuition
Section A40 marks MCQ anywhere from the syllabus
Section B
In addition to the 20 mcqs, there are 2 questions worth 15 marks each and will likely be based on one or more IAS / IFRS and or recent articles from Student Accountant.
Possible topics and related articles include:
– IAS 18 Revenue and the article “Revenue Recognition”
– IAS 17 Leasing and two articles “Accounting for Leases” and “Leases – Operating or Finance”
– IAS 41 Agriculture
And the last question for 30 marks – cash flow with maybe a bit of comment on financial situation (last two exams have had financial performance evaluation / commentary)
Beckers Professional
– Construction contracts.– Revenue recognition.
– Substance v form.
– Convertible instruments (IAS 32/IFRS 9).
– Accounting for taxation, as part of final accounts.
– Accounting for assets, particularly IAS 16.
– Provisions v contingencies.
Manchester Metropolitan University MMU
Coming SoonACCA F6 Taxation Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
ACCA Exam Tips for paper F6 Taxation for June 2015 session are given as follows by famous tuition providers
Income tax:
– Personal allowance reduction/personal age allowance.
– Husband and wife/civil partners.
– Employed vs. self-employed.
– Losses – choice of relief/tax saving/maximum deduction restriction.
Corporation tax:
– Possibly a straddling period.
– Long period of account.
– Chargeable gains to calculate.
VAT:
– Separate part of question 1 or 2 or whole question.
– Discounts.
– Impaired debts.
– Invoices/simplified invoicing.
Capital gains tax:
– Husband and wife making disposals.
– Wasting assets or chattels.
– Exempt assets.
Inheritance tax:
– Transfer of unused NRB between spouses.
Others:
– Comparative scenario or other new style question.
– Self assessment.
– Ethics – including general anti-abuse rule
15 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. You should expect the administrative aspects of F6 (self-assessment filing, payment deadlines, penalties etc for both individuals and companies) to feature a little more than was the case before.
Section B
Q1 – Q4: Four 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 4 include property income, pensions, a range of capital gains calculations (chattels, part-disposals, use of capital losses and business reliefs), inheritance tax (death tax on lifetime gifts and/or death estate) and value added tax (schemes for small businesses).
Q5 & Q6: Two 15 mark questions which will be broken down into sub requirements and be scenario based. One of the questions will test a range of aspects of income tax (likely to be employment income and/or trading income) and the other question will cover corporation tax. Capital allowances are likely to feature in one of these questions.
F6 has the following syllabus areas:
A The UK tax system and its administration
B Income tax and national insurance contributions
C Chargeable gains for individuals
D Inheritance tax
E Corporation tax liabilities
F Value added tax
MCQs from anywhere in the syllabus
Section B
– Q1 (10 marks): Capital gains question for a company or individual maybe shares, takeovers/mergers and PPR relief/letting relief.
– Q2 (10 marks): VAT – due date for registration or deregistration, surcharges, flat rate scheme.
– Q3 (10 marks): Inheritance tax, including lifetime gifts into a trust, the diminution in value principle and the death estate.
– Q4 (10 marks): Property business profits/losses calculation or a sole trader making a trading loss in the middle of the trading cycle.
– Q5 (15 marks): Income tax – a sole trader and adjusting the accounting profits, maybe on commencement or cessation, capital allowance and computing income tax.
– Q6 (15 marks): Corporation tax computation – calculating corporation tax possibly including a straddling CAP.
will contain 15 MCQ each carrying 2 marks. Remember No marks will be rewarded if your answer is wrong. Choose exact figures of answer.
Section B
Q: Income Tax (15 Marks)
– Employment Income with assessable benefits
– Property Income
– Interest Income
– Dividend Income
It may also include the opening or closing years of an unincorporated trader as the individual moves from employment to self employment during the tax year or vice versa.
Q: Incorporation Tax (15 Marks)
– Adjustment of Profit and Loss
– Capital Allowances Adjustment
– Long Period of Accounts
The latest style of testing this is to give you in the question not the statement of profit or loss and ask you to prepare the CT computation but gives you within the question an error strewn CT computation prepared by the client and ask you to correct it!
Q: Four 10 mark questions will almost certainly be on CGT, IHT and VAT with a final question testing a different area of either Income Tax or Corporation Tax, for example losses of either a company or unincorporated trade, partnerships, pension contributions, groups of companies or the administration of the taxes and ethics.
Important:
Detailed technical article on Motor Cars may form the basis of the more challenging style of question now favored by the examining team where the candidate is required to think very carefully to answer a more unusual stated requirement.
This may involve e.g evaluating the tax position of both the business (unincorporated or incorporated), and if separate, the individual, regarding the provision of a car and fuel to an employee or proprietor. This may involve elements of Income Tax, Corporation Tax, VAT and NIC’s. Work carefully through the exam standard example at the end of the examiner’s article.
Kaplan
MCQ’s will cover whole syllabus.Income tax:
– Personal allowance reduction/personal age allowance.
– Husband and wife/civil partners.
– Employed vs. self-employed.
– Losses – choice of relief/tax saving/maximum deduction restriction.
Corporation tax:
– Possibly a straddling period.
– Long period of account.
– Chargeable gains to calculate.
VAT:
– Separate part of question 1 or 2 or whole question.
– Discounts.
– Impaired debts.
– Invoices/simplified invoicing.
Capital gains tax:
– Husband and wife making disposals.
– Wasting assets or chattels.
– Exempt assets.
Inheritance tax:
– Transfer of unused NRB between spouses.
Others:
– Comparative scenario or other new style question.
– Self assessment.
– Ethics – including general anti-abuse rule
Bpp
Section A15 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. You should expect the administrative aspects of F6 (self-assessment filing, payment deadlines, penalties etc for both individuals and companies) to feature a little more than was the case before.
Section B
Q1 – Q4: Four 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 4 include property income, pensions, a range of capital gains calculations (chattels, part-disposals, use of capital losses and business reliefs), inheritance tax (death tax on lifetime gifts and/or death estate) and value added tax (schemes for small businesses).
Q5 & Q6: Two 15 mark questions which will be broken down into sub requirements and be scenario based. One of the questions will test a range of aspects of income tax (likely to be employment income and/or trading income) and the other question will cover corporation tax. Capital allowances are likely to feature in one of these questions.
F6 has the following syllabus areas:
A The UK tax system and its administration
B Income tax and national insurance contributions
C Chargeable gains for individuals
D Inheritance tax
E Corporation tax liabilities
F Value added tax
Lsbf
Section AMCQs from anywhere in the syllabus
Section B
– Q1 (10 marks): Capital gains question for a company or individual maybe shares, takeovers/mergers and PPR relief/letting relief.
– Q2 (10 marks): VAT – due date for registration or deregistration, surcharges, flat rate scheme.
– Q3 (10 marks): Inheritance tax, including lifetime gifts into a trust, the diminution in value principle and the death estate.
– Q4 (10 marks): Property business profits/losses calculation or a sole trader making a trading loss in the middle of the trading cycle.
– Q5 (15 marks): Income tax – a sole trader and adjusting the accounting profits, maybe on commencement or cessation, capital allowance and computing income tax.
– Q6 (15 marks): Corporation tax computation – calculating corporation tax possibly including a straddling CAP.
First Institution
Coming SoonOpen Tuition
Section Awill contain 15 MCQ each carrying 2 marks. Remember No marks will be rewarded if your answer is wrong. Choose exact figures of answer.
Section B
Q: Income Tax (15 Marks)
– Employment Income with assessable benefits
– Property Income
– Interest Income
– Dividend Income
It may also include the opening or closing years of an unincorporated trader as the individual moves from employment to self employment during the tax year or vice versa.
Q: Incorporation Tax (15 Marks)
– Adjustment of Profit and Loss
– Capital Allowances Adjustment
– Long Period of Accounts
The latest style of testing this is to give you in the question not the statement of profit or loss and ask you to prepare the CT computation but gives you within the question an error strewn CT computation prepared by the client and ask you to correct it!
Q: Four 10 mark questions will almost certainly be on CGT, IHT and VAT with a final question testing a different area of either Income Tax or Corporation Tax, for example losses of either a company or unincorporated trade, partnerships, pension contributions, groups of companies or the administration of the taxes and ethics.
Important:
Detailed technical article on Motor Cars may form the basis of the more challenging style of question now favored by the examining team where the candidate is required to think very carefully to answer a more unusual stated requirement.
This may involve e.g evaluating the tax position of both the business (unincorporated or incorporated), and if separate, the individual, regarding the provision of a car and fuel to an employee or proprietor. This may involve elements of Income Tax, Corporation Tax, VAT and NIC’s. Work carefully through the exam standard example at the end of the examiner’s article.
Beckers Professional
Coming SoonManchester Metropolitan University MMU
Coming SoonACCA F5 Performance Management Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
ACCA F5 Performance Management Kaplan,Bpp,Lsbf,OpenTuition,Becker And Other Exam Tips For June 2015 Attempt
These acca exam tips will help you in questions other than MCQ’s while MCQ’s can come up in exam from any area so in order to get success you must cover the breadth of every topic.
– Activity Based Costing
– Throughput Accounting
– Life Cycle Costing
Decision Making Techniques:
– Pricing
– Relevant Costing
– Shutdown Decision
– Payoff Tables
– Cost Volume Profit Analysis
Budgeting:
– Different Types of Budgeting
– Quantitative Analysis
Standard Costing and Variance Analysis:
– Planning and Operational Variance
– Behavioural Aspects of Standard Costing
Performance Management:
– Transfer Pricing
– ROI and RI
20 multiple choice questions each worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. This means that you will need breadth of syllabus knowledge. There will be 5 questions on each syllabus area.
Section B
Q1-3: Three 10 mark questions. These will test any of the four syllabus areas and could combine syllabus in one question. The questions will be broken down into sub requirements and are likely to be based on a short scenario.
Q4 & Q5: Two 15 mark questions which will most likely be broken down into sub requirements and be scenario based. These questions will only cover syllabus areas B, C and D. Areas expected to be tested in Q4 and % included performance management and further variances.
Important areas to cover for the June exam include (but not limited to):
A: ABC, throughput accounting, target costing & lifecycle costing.
B: Techniques to assit decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty.
C: Approaches to the types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves.
D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard.
MCQs from anywhere in the syllabus.
Section B
– Q1: Target costing and life cycle costing.
– Q2. CVP analysis or decision tree.
– Q3: Demand based pricing with learning curve.
– Q4: Planning and operational variances and interpretation or budgeting types.
– Q5: Corporate performance both financial and non financial measures.
– Target costing.
– ABC.
– Pricing.
– Risk.
– Flexed budget and planning variances.
– Financial and non-financial performance.
Section B:
– Target Costing+ Life cycle Costing
– Linear Programming
– Planning and Operational Variances
– Transfer Pricing
– NonFinancial Measures
These acca exam tips will help you in questions other than MCQ’s while MCQ’s can come up in exam from any area so in order to get success you must cover the breadth of every topic.
ACCA F5 Exam Tips:
ACCA Exam Tips for paper F5 Performance Management for June 2015 session are given below by famous tuition providersKaplan
Specialist Cost and Management Accounting:– Activity Based Costing
– Throughput Accounting
– Life Cycle Costing
Decision Making Techniques:
– Pricing
– Relevant Costing
– Shutdown Decision
– Payoff Tables
– Cost Volume Profit Analysis
Budgeting:
– Different Types of Budgeting
– Quantitative Analysis
Standard Costing and Variance Analysis:
– Planning and Operational Variance
– Behavioural Aspects of Standard Costing
Performance Management:
– Transfer Pricing
– ROI and RI
Bpp
Section A20 multiple choice questions each worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. This means that you will need breadth of syllabus knowledge. There will be 5 questions on each syllabus area.
Section B
Q1-3: Three 10 mark questions. These will test any of the four syllabus areas and could combine syllabus in one question. The questions will be broken down into sub requirements and are likely to be based on a short scenario.
Q4 & Q5: Two 15 mark questions which will most likely be broken down into sub requirements and be scenario based. These questions will only cover syllabus areas B, C and D. Areas expected to be tested in Q4 and % included performance management and further variances.
Important areas to cover for the June exam include (but not limited to):
A: ABC, throughput accounting, target costing & lifecycle costing.
B: Techniques to assit decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty.
C: Approaches to the types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves.
D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard.
Lsbf
Section AMCQs from anywhere in the syllabus.
Section B
– Q1: Target costing and life cycle costing.
– Q2. CVP analysis or decision tree.
– Q3: Demand based pricing with learning curve.
– Q4: Planning and operational variances and interpretation or budgeting types.
– Q5: Corporate performance both financial and non financial measures.
First Institution
MCQs on the whole syllabus.– Target costing.
– ABC.
– Pricing.
– Risk.
– Flexed budget and planning variances.
– Financial and non-financial performance.
OpenTuition
Section A: 20 MCQ’s from whole syllabusSection B:
– Target Costing+ Life cycle Costing
– Linear Programming
– Planning and Operational Variances
– Transfer Pricing
– NonFinancial Measures
Beckers Professional
Coming SoonManchester Metropolitan University MMU
Coming SoonACCA F5 Performance Management OpenTuition Exam Tips For June 2015 Attempt
ACCA F5 Performance Management OpenTuition Exam Tips For June 2015 Attempt
Section A: 20 MCQ’s from whole syllabus
Section B:
– Target Costing+ Life cycle Costing
– Linear Programming
– Planning and Operational Variances
– Transfer Pricing
– NonFinancial Measures
ACCA F5 Performance Management First Institution Exam Tips For June 2015 Attempt
ACCA F5 Performance Management First Institution Exam Tips For June 2015 Attempt
MCQs on the whole syllabus.
– Target costing.
– ABC.
– Pricing.
– Risk.
– Flexed budget and planning variances.
– Financial and non-financial performance.
MCQs on the whole syllabus.
– Target costing.
– ABC.
– Pricing.
– Risk.
– Flexed budget and planning variances.
– Financial and non-financial performance.
ACCA F5 Performance Management Lsbf Exam Tips For June 2015 Attempt
ACCA F5 Performance Management Lsbf Exam Tips For June 2015 Attempt
Section A
MCQs from anywhere in the syllabus.
Section B
– Q1: Target costing and life cycle costing.
– Q2. CVP analysis or decision tree.
– Q3: Demand based pricing with learning curve.
– Q4: Planning and operational variances and interpretation or budgeting types.
– Q5: Corporate performance both financial and non financial measures.
Section A
MCQs from anywhere in the syllabus.
Section B
– Q1: Target costing and life cycle costing.
– Q2. CVP analysis or decision tree.
– Q3: Demand based pricing with learning curve.
– Q4: Planning and operational variances and interpretation or budgeting types.
– Q5: Corporate performance both financial and non financial measures.
ACCA F5 Performance Management Bpp Exam Tips For June 2015 Attempt
ACCA F5 Performance Management Bpp Exam Tips For June 2015 Attempt
Section A
20 multiple choice questions each worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. This means that you will need breadth of syllabus knowledge. There will be 5 questions on each syllabus area.
Section B
Q1-3: Three 10 mark questions. These will test any of the four syllabus areas and could combine syllabus in one question. The questions will be broken down into sub requirements and are likely to be based on a short scenario.
Q4 & Q5: Two 15 mark questions which will most likely be broken down into sub requirements and be scenario based. These questions will only cover syllabus areas B, C and D. Areas expected to be tested in Q4 and % included performance management and further variances.
Important areas to cover for the June exam include (but not limited to):
A: ABC, throughput accounting, target costing & lifecycle costing.
B: Techniques to assit decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty.
C: Approaches to the types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves.
D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard.
Section A
20 multiple choice questions each worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. This means that you will need breadth of syllabus knowledge. There will be 5 questions on each syllabus area.
Section B
Q1-3: Three 10 mark questions. These will test any of the four syllabus areas and could combine syllabus in one question. The questions will be broken down into sub requirements and are likely to be based on a short scenario.
Q4 & Q5: Two 15 mark questions which will most likely be broken down into sub requirements and be scenario based. These questions will only cover syllabus areas B, C and D. Areas expected to be tested in Q4 and % included performance management and further variances.
Important areas to cover for the June exam include (but not limited to):
A: ABC, throughput accounting, target costing & lifecycle costing.
B: Techniques to assit decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty.
C: Approaches to the types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves.
D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard.
ACCA F5 Performance Management Kaplan Exam Tips For June 2015 Attempt
ACCA F5 Performance Management Kaplan Exam Tips For June 2015 Attempt
Specialist Cost and Management Accounting:
– Activity Based Costing
– Throughput Accounting
– Life Cycle Costing
Decision Making Techniques:
– Pricing
– Relevant Costing
– Shutdown Decision
– Payoff Tables
– Cost Volume Profit Analysis
Budgeting:
– Different Types of Budgeting
– Quantitative Analysis
Standard Costing and Variance Analysis:
– Planning and Operational Variance
– Behavioural Aspects of Standard Costing
Performance Management:
– Transfer Pricing
– ROI and RI
Specialist Cost and Management Accounting:
– Activity Based Costing
– Throughput Accounting
– Life Cycle Costing
Decision Making Techniques:
– Pricing
– Relevant Costing
– Shutdown Decision
– Payoff Tables
– Cost Volume Profit Analysis
Budgeting:
– Different Types of Budgeting
– Quantitative Analysis
Standard Costing and Variance Analysis:
– Planning and Operational Variance
– Behavioural Aspects of Standard Costing
Performance Management:
– Transfer Pricing
– ROI and RI
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