Apr 272013
 

ACCA Exam Tips June 2013

ACCA exam tips contains frequently examined topics that you need to prepare to achieve pass marks. It is not an attempt to guess the contents for exam papers June 2013 exam session.

ACCA F2 / FMA Exam Tips June 2013

Absorption Costing

Marginal Costing

Process Costing

Standard Costing & Variance Analysis

High Low Method

Regression Analysis

Inventory Valuation Techniques (FIFO, LiFO, WAVG, Periodic)

ACCA F3 Exam Tips June 2013

IAS 1: Presentation of Financial Statements

IAS 2: Inventory

IAS 8: Accounting Policies, Change in Accounting Estimates & Errors

IAS 7: Statement of Cash Flows

IAS 10: Events after the Reporting Period

IAS 16: Property Plant & Equipment

IAS 37: Provisions, Contingent Assets & Liabilities

IAS 38: Intangible Assets

ACCA F5 Exam Tips June 2013

ABC Costing

Target Costing

Product Life Cycle Costing

Linear Programming

Pricing Strategies

Make or Buy, Outsourcing, Further Processing Decisions

Learning Curve

Decision Rules Maximax, Maximin, Minimax Regret Rule

Payoff Tables

Expected Values

Zero Based Budgeting & Incremental Budgeting

Time Series Analysis

Flexed or Flexible Budgeting

Basic Variance Analysis

Interpretation of Basic Variances

Mix & Yield Variances

Planning & Operational Variances

ACCA F7 Exam Tips June 2013

IAS 1: Presentation of Financial Statements

IAS 2: Inventory

IAS 7: Statement of Cash Flows Consolidated

IAS 8: Accounting Policies, Changes in Accounting Estimates & Errors

IAS 11: Construction Contracts

IAS 12: Income Taxes

IAS 16: Property, Plant & Equipment

IAS 17: Leases

IAS 18: Revenue

IAS 27: Consolidated & Separate Financial Statements

IAS 28: Investment in Associates

IAS 32: Financial Instruments: Presentation

IAS 33: Earnings Per Share

IAS 36: Impairment of Assets

IAS 37: Provisions, Contingent Liabilities & Contingent Assets

IAS 38: Intangible Assets

IAS 39: Financial Instruments: Recognition and Measurement

IFRS 3: Business Combinations

IFRS 5: Non-Current Assets Held for Sale & Discontinued Operations

ACCA F9 Exam Tips June 2013

EOQ with Bulk Purchase Discounts or Buffer Inventory

Trade Receivable Policy Formulation

Factoring & Invoice Discounting

Accepting & Offering Bulk Purchase Discounts

Working Capital Cycle & Requirement

Net Present Value (NPV)

Internal Rate of Return (IRR)

Accounting Rate of Return (ARR)

Simple & Discounted PayBack Period

Sensitivity Analysis

Lease or Buy

Single Period Capital Rationing Divisible & Indivisible Projects

Pecking Order Theory

Convertible Loan Notes

Right Issue

Dividend Policy

Net Asset Based Valuation

Dividend Valuation Model(Derived from Dividend Growth Model)

P/E ratio

Forms of Market Efficiency – Weak, Semi-Strong, Strong Form Efficiency

Types of Foreign Exchange Rate Risk – Transaction, Translation, Economic Exposure

Forward Contracts

Currency Futures

Money Market Hedge

Currency Options

Currency Swap

Forward Rate Agreements

Interest Rate Futures

Interest Options

Interest Rate Swap

Factors Affecting Interest Rate Movements

ACCA P1 Exam Tips June 2013

AAA (American Accounting Association) model

Tucker’s 5 step model

Social & environmental footprint and sustainability

Absolutism Vs Relativism Or Teleological Vs Deontological Ethics

ACCA code of ethics

Types of Ethical Threats

Public Interest. It includes conflict between duty as professional accountant and public interest

Stakeholders’ classification and management (Mendelow matrix)

Role of NEDs & Chairman

Principles Vs Rules based approach

Corporate governance codes (Combine Code UK and Sarbanes Oxley act US)

COSO framework

Types of risk

Risk assessment

TARA framework

Internal control environment. It includes risk embedding

Internal control activities (SPAM SOAP)

Internal audit role and objectives

Audit & Risk management committee

ACCA P2 Exam Tips June 2013

IAS 1: Presentation of Financial Statements

IAS 7: Statement of Cash Flows Consolidated

IAS 16: Property, Plant & Equipment

IAS 19: Employment Benefits

IAS 27: Consolidated & Separate Financial Statements

IAS 28: Investment in Associates

IAS 32: Financial Instruments: Presentation

IAS 36: Impairment of Assets

IAS 37: Provisions, Contingent Liabilities & Contingent Assets

IAS 38: Intangible Assets

IAS 39: Financial Instruments: Recognition and Measurement

IFRS 1: First Time Adoption

IFRS 2: Share Based Payment

IFRS 3: Business Combinations

IFRS 5: Non-Current Assets Held for Sale & Discontinued Operations

ACCA P3 Exam Tips June 2013

PESTEL (Political, Economic, Social, Technological, Environmental, Legal)

Michael Porter’s five force model

SWOT (Strengths, Weaknesses, Opportunities, Threats)

Ashridge portfolio matrix

BCG (Boston Consulting Group) Matrix

Product life cycle in combination with BCG

Strategic capability

SAF (Suitability, Acceptability, Feasibility) Criteria

Michael Porter’s generic strategies Or strategic clock

Project initiation document (project charter)

Business case

Benefits realisation

Response to project slippage problem

Role of project manager

Michael Porter’s value chain

Value network analysis (Supply chain analysis)

Business process redesign

Paul Harmon Process/Strategy matrix

Paul Harmon process improvement techniques (simplification, gaps & disconnects, value analysis, Re-engineering)

Characteristics of internet marketing

Push vs. pull marketing

Marketing Mix (7M’s)

Purchase Mix (5R’s)

Pricing Strategies

Cultural web paradigm

7′s Mc Kinsey Model

Balogun & Hope Hailey contextual features

ROCE (Return on capital employed)

RI (Residual income)

EVA (Economic value added)

Ratio analysis (Profitability, Liquidity or Working capital, Gearing, Investor)

Only use black ballpoint. ACCA OCR (optical character recognition) software does not recognize any other colour and gel pen, ink pen, marker, pointer, highlighter etc

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