Blog

ACCA P7 - Hot Topics for March 2017 Exams (by Mr CK Fung, FTMSGlobal Subject Specialist)

P7 MARCH 2017

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT YOUR OWN RISKS!

(compiled by Mr Fung Chee Kong, FTMSGlobal Subject Specialist)

Likely to have a question on identifying business risks. (see Dec 2014 Q1a, Dec 2012 Q1a, Dec 2010 Q1a, June 2009 Q1a) Must learn to link business risks to FS risks of MM (see June 2008 Q1, June 2014 Q4a theory) Dec 2014 Q1b).

Be prepared for risk of material misstatements (previously known as FS risks). Practice Dec 2008 Q1a, Dec 2009 Q1c, Dec 2010 Q1b, June 2011 Q1ai and June 2012 Q1aii, June 2013 Q1a, June 2014 Q1a. For identifying risk of MM, see Dec 2012 Q1b, Dec 2010 Q1a, June 2009 Q1a. See also Dec 2008 Q1a and Dec 2009 Q1c.

Continue reading
3239 Hits
0 Comments

ACCA F8 - Hot Topics for March 2017 Exams (by Mr CK Fung, FTMSGlobal Subject Specialist)

F8 MARCH 2017

Professional ethics – May have a question on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a, June 2015 Q1, Dec 2015 Q1).

If the above ethics case study is not here, take note of confidentiality and what are the exceptions to this principle. (See Dec 2011 Q4c) Plus conflict of interests (June 2011 Q4a, June 2014 Q3c).

Continue reading
3093 Hits
0 Comments

Tips for March 2017 ACCA P2 Exam by Tom Clendon

P2 MARCH 2017

Q1 should either be the examiner's favourite a group statement of financial position, and if so expect control to control transactions. Alternatively it could be group cash flow (the statement of comprehensive income came up last time so do not get caught out by putting all your eggs in the group statement of financial position). Each paragraph in the p2 exam group statement of financial position questions should be capable of being addressed in isolation. Always clearly reference your workings. Read the examiners reports. Ethics of course will always be there so please have a go and by that I mean apply the ethical principles not just write them out cold. See my article.

Continue reading
6691 Hits
0 Comments