ACCA Exam tips for Paper F8

Wages system: Internal control, weaknesses and audit tests


Engagement letter and procedures

Audit reports

Computer assisted audit techniques

Remember, if asked for audit procedures state which assertion the procedure helps with.

ACCA Exam tips for Paper F9

NPV with inflation and tax / Internal Rate of Return / Capital Rationing

Working capital – cash management + written on overtrading and funding of working capital

Weighted average cost of capital + CAPM / Business valuation

a) Sources of finance / rights issue

b) Foreign exchange risk management

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