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ACCA F2, F5, F9,
P1, P3 Exam Tips June 2014
Note: Exam Tips given
below are frequently examined exam topics that you must prepare to
achieve pass marks. It is not an attempt to guess contents of exam
paper. Your revision must contain but should not be limited to
these exam topics.
Exam Tips June 2014
Discounted cash flows
High low method
ACCA F5 Exam Tips June 2014
Part A Costing Techniques
Activity based costing
Life Cycle Costing for Products
Part B Decision making
Please do not forget to take
pencil, ruler and eraser along with you. You may need to draw diagram to find
out optimal point on graph paper, which will be provided by the ACCA.
Expected Value & Decision Rules
Short Term Decision Making such
as make or buy, in-house or outsourcing, further processing decisions.
Part C Budgeting
Time Series Analysis.
Time series is not examined
since along. It is very important forecasting technique in practice.
Budgeting (Zero Based
Budgeting, Incremental Budgeting, Top-down & Bottom up Budgeting).
CVP analysis is not examined
since it is included in ACCA F5 Performance Management syllabus. It may
be examined as part of a question for up to 6 marks.
Part D Standard Costing
Mix & Yield variances
Planning & Operational variances
Part E Performance Measurement
Divisional performance measurement.
It includes ROCE, RI & EVA
Balance Score Card or Fitzgerald & Moon
Building Block Model
Critical Success Factors
(CSFs) & Key Performance Indicators (KPIs)
Behavioural aspects of performance
measurement. It includes issues such as evaluating managerial performance,
rewarding performance, encouraging goal congruence.
ACCA F9 Exam Tips June 2014
EOQ (Economic Order Quantity)
Bulk purchase discounts.
Formulating & evaluating trade
Obtaining & offering early settlement
NPV (Net Present Value).
IRR (Internal Rate of Return).
ARR (Accounting Rate of Return).
SOURCES OF FINANCE
Impact of sources of finance
on cost of capital
Impact of dividend policy on
cost of capital.
Pecking order theory
COST OF CAPITAL
CAPM (Capital Asset Pricing Model),
WACC (Weighted Average Cost of
Types of foreign exchange risk.
for foreign currency risk. It includes
forward contract, currency futures, currency options, money market hedge and currency
ACCA P1 Exam Tips June 2014
AAA (American Accounting Association)
model Or Tucker's 5 step model.
Social & environmental footprint
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.
and management (Mendelow matrix)
Role of NEDs & Chairman.
Principles Vs Rules based approach
Corporate governance codes (Combine
Code UK and Sarbanes Oxley act US)
Types of risk
Internal control environment.
It includes risk embedding.
Internal control activities (SPAM
Internal audit role and objectives.
Audit & Risk management committee
ACCA P3 Exam Tips June 2014
PESTEL (Political, Economic,
Social, Technological, Environmental, Legal).
Michael Porter's five force model.
SWOT (Strengths, Weaknesses,
Ashridge portfolio matrix.
BCG (Boston Consulting Group)
Product life cycle in combination
SAF (Suitability, Acceptability,
Michael Porter's generic strategies
Or strategic clock.
Project initiation document (project
Response to project slippage
Role of project manager.
Michael Porter's value chain.
Value network analysis (Supply
Business process redesign.
Paul Harmon Process/Strategy
Paul Harmon process improvement
techniques (simplification, gaps & disconnects, value analysis, Re-engineering).
E-business & Marketing
Characteristics of internet marketing.
Push vs. pull marketing.
Marketing Mix (7M's).
Purchase Mix (5R's).
Cultural web paradigm.
7's Mc Kinsey Model.
Balogun & Hope Hailey contextual
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.
You should take a spare calculator
along with you. If your preferred calculator fails unfortunately, then you can
use the spare calculator. Read