~~~~~~~~~~~~~~~Motivation Quote~~~~~~~~~~~~~~~~ ~~~~~~~~~~Sometimes it takes a lot of rain before you get your rainbow!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~Just FOcus On The Key Topics That You Know And Ignore What You Don't!!!!!!~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~The glory is not in never failing but in rising again everytime you fall!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~YOU MAKE THE FAILURE COMPLETE WHEN YOU STOP TRYING!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Sunday, October 30, 2005

exam guidance from BPP ~ paper 3.7

ACCA Paper 3.7 Strategic Financial Management
June 2005

Section A
Question 1

Question 1 my feature a question on mergers & acquisitions. This could include valuations based on several techniques as well as changes in shareholder wealth post-merger.
Q34 Oakton, Q35 Minprice

Question 2

Question 2 could revolve around interest rate management, specifically hedging. Q56 Projections, Q58 PZP

Section B

Subjects likely to feature include:

Adjusted Present Value - Q32 Strayer
International Financing - Q61 Trade Blocs, Q62 IMF, Q63 Beela
Dividend Policy - Q76 Serty, Q77 Tigger
Corporate Objectives - Q1 Stakeholders, Q2 International Corporate Governance

exam guidance from BPP ~ paper 3.6 (Int)

ACCA Paper 3.6 Advanced Corporate Reporting
December 2005

Section A

The section A question can be on any of the traditional higher-level group accounting topics that are not examinable in paper 2.5. Complex group structures, disposals of subsidiaries or a foreign subsidiary appear to be the most likely topics for this sitting.
The question often includes an adjustment for 4 or 5 marks on another area such as pensions.
X Group, Wright, XY and AG*

Section B

Section B questions tend to range over a number of topics and may include:

International reconciliations, the continuing attempts to bring about international harmonisation and the effect on a company's accounts of applying IFRS. IFRS 1 on First-time Adoption of IFRS has already been examined but could reappear due to its topicality.

Mixed questions can include a wide range of new and longer-established areas of accounting. Issues relating to recognition and impairment of tangible and intangible assets have been a recurring theme along with provisions, deferred tax and retirement benefits.

Accounting for financial instruments could be tested

Performance and valuation measures and how these are affected by accounting policies often appear in the ACR exam.
Impairment of assets, Finaleyes, Retirement Benefits, Vacs, Low Paints (Q2 within Mock Exam 2 in the UK kit), AX (INT kit only), Pailing (INT kit only), Inventure (INT kit only), FRS 26* (UK only), Stateside (UK kit only), Desolve (UK kit only), Q3 Mock Exam 2 (Cohort)

A discussion question looking at current developments in corporate reporting. Social and environmental reporting can appear here as well as business ethics, and reporting on the internet.
Glowball, Mineral

Relevant articles

Useful articles
IAS 39, 17 May 2005
IAS 39 19 May 2005
First-time adoption of International Financial Reporting Standards, 4 January 2005
Improving standards, 23 July 2004
Look out for other articles on the website in the months leading up to the exam.

exam guidance from BPP ~ paper 3.5

ACCA Paper 3.5 Strategic Business Planning and Development
December 2005

Section A

Always difficult to predict the subject matter of the case scenario, and in last December it was rather unusually based around the control and management relationships within a large group structure of a manufacturing company. Therefore this time it might be something less complex in structure and based on the service sector.

Areas that could be included within the requirements could include

A discussion of the relative merits of different ways of making strategy
Stakeholder analysis and objective setting
Application of strategic analysis models
Evaluation of strategic objectives, using the numbers included
Marketing issues
52 World-Wide Agricultural, 51 Bethesda Heights, and 50 Playwell.

Section B

Marketing, including new product development. In part suggested by the recent article but also due the lack of marketing in the December 2004 exam.
24 Westport University, 26 Karaoke, 27 Product Launch, and 34 Sports Centre

Change management. This is feasible this time because it is an important subject, which has been absent for the past few sittings.
20 Apex Culture, and 49 Lionel Cartwright.

Globalisation strategy. The strategic development of global businesses was very popular when the paper was first introduced. It remains relevant and could be due another appearance.
41 Excalibur Sportswear, 42 Global Marketing, 43 Clothing Supply Company and 48 ALG Industries

Ethics and corporate social responsibility. With all of the talk (and recent cases) of corporate scandal ethical behaviour is a very topical area of the syllabus
16 Digwell, 17 Large Financial Services Company, and 18 Acquisition

Relevant Articles
The role of the accountant in new product development
January 2005 another two articles Performance measures to support competitive advantage (11/8/05)
E-commerce by Jim Stone (17/05/05)

exam guidance from BPP ~ paper 3.4

ACCA Paper 3.4 Business Information Management
Dec 2005

Section A

The examiner tends to provide fairly lengthy case studies, which provide information about the business strategy, the IT history to date and the current situation.
As you are likely to be dealing with an organisation that needs to make decisions about its IT systems and strategies, questions are often based on strategic models and approaches from the syllabus.

Questions in the December 2005 exam could ask you to analyse an organisation's current position regarding its IT, perhaps using a model such as Porter's value chain (Q11). In order to tackle this type of question, you need to be able to recognise the relevant business strategy in order to make appropriate IT suggestions. Questions 51 and 52 are excellent ones to practice on this.

A key area that all students must focus on is how to develop a business case for Information Technology. IT facilitates business decisions, and the examiner is likely to ask you to analyse the key business issues. A key model to understand and use is ?Where We Are, Where We Want to Be, Going to Get There?, and it would be useful to review the first BIM exam paper set.

There could also be questions asking you to improve a project or development that is
experiencing problems (Q26, Q28)

Another key area to review would be the human and social issues relating to IT development, and the syllabus lists several change management theories, such as Lewin, which have yet to be examined.

Exam technique is extremely important in this paper, so working through as many case
studies as possible is to be advised. Questions 64-66 are the questions from the examiner's pilot paper.

Also be aware of articles relevant to your paper written near to the time of the exam. Before the June 2005 sitting the examiner wrote an article on Legacy Systems, which then appeared on the exam as a 12 mark question, in section A.

Section B

Section B questions could come from anywhere in the syllabus, and there are often questions which focus on one particular theory. The examiner also uses these questions to get candidates to bring in 'real-life' examples, to illustrate theories, so be sure to have at your fingertips some examples which you can use, either from your own experience, or perhaps from other exam scenarios and questions which you have used. There is also usually one question with a mini-scenario that can be a good one to choose, as you have a context to work with. The examiner also uses section B to test knowledge about specific types of technology.

Key theories that need to be understood are those of Nolan, Parsons, Porter, Earl and
Zuboff, and reviewing past BIM papers can be extremely helpful to see the style of questions on these areas.

Key areas to cover in depth are as follows:

E-commerce is an area that usually appears on information papers (Q8)
The human impact of IT has not yet been examined extensively (Q31 &32)
Knowledge management is an area that may be prominent in future exams (Q5)

ACCA paper 3.4
Business Information Management
Relevant Articles

The adaptability of Strategic Models June 2005
E-Commerce May 2005
Legacy Information Systems March 2005
Big Brother July 2004
Soft Sytems Jan 2004
The 3 C's March 2003
IS Strategy Dec 2002
How to pass Paper 3.4

exam guidance from BPP ~ paper 3.3

ACCA Paper 3.3 Performance Management
December 2005

General: The exam is often time pressured and careful planning is required to ensure marks are maximised in time allowed. The examiner has examined some of the key topic areas in a very practical way but this has often looked unusually challenging on first read through.

Section A

To date the large question in this section has contained some elements of budgeting (short term planning). This will be heavily numerical with a small written element.
55 Fork Lift Trucks, 61 Privmed, 62 Motor Breakdown Services

The shorter question has often tackled some element of performance measurement with the majority of the marks being for numerical analysis.
45 Eatwell Restaurant, 41 Management Accounting and the Public Sector

Section B

There is usually a high discursive element in this section with 2 questions being wholly or almost wholly discursive. If it has not made an appearance in Section A performance measurement will make an appearance here.

Many of the modern management and management accounting techniques have been examined here;
12 Costs and Quality, 54 Activity Based Budgeting

Numerical topics do still appear in this area, topics that have not appeared for a little while include transfer pricing (which can also include qualitative issues) and uncertainty in decision-making.
75 Tannadens Division, 33 UKCOM

Relevant Articles

The examiner has often used his most recent article to set a question. Look out for any articles in the second half of the year.

exam guidance from BPP ~ paper 3.1 (Int)

ACCA Paper 3.1 Audit and Assurance Services
December 2005

Section A

Questions 1 and 2

Scenario questions in the context of audit risk/business risk.

May also include:

Control suggestion and/or evaluation
Audit evidence on Paper 2.5 accounting areas (see Q3)
Group audit issues (including audit work on fair values)
Planning/practice management/quality control issues
Assurance services
14 Signet, 24 Alakazam, 25 Amber Pan Europe, 44 Azure, Q2 Mock 1 Imperiol

Question 3

Audit evidence. Comment on the matters you would consider and the audit evidence you
would expect to find as audit manager conducting a review of audit files.
Likely to be several scenarios covering various Paper 2.5 level accounting standards, e.g:
Earnings per share
Borrowing costs
Revenue recognition
Standard costing
Impairments
Deferred tax
Discontinued operations
Intangible assets
Related party disclosures
34 Aspersion, 35 Phoenix, 37 Alphasweeter, Q3 Mock 2 Visean

Section B

Question 4
Part (a): Any syllabus area.
Part (b): A related question on reporting.
53 Capri, 54 Arid, Q4 Mock 1 Cinnabar

Question 5
Ethics, professional and quality control issues scenario question.
3 Aventura, 5 Isthmus, Q5 Mock 2 Corundum

Question 6
Discussion question on current issues, e.g:
Money laundering (make sure you read the examiner's recent article as likely to be examined!)
International convergence
Audit exemption for small companies
Risk-based auditing
Corporate governance
Laws and regulations
1 Assurance provision, 6 Convergence, 51 Environmental issues

Relevant Articles

The examiner, Kim Smith, has written many articles and expects you to have read them and know them. She often comments that students fail for not having read the articles explaining how to tackle questions.

Read as many as you can, particularly the following:

Money laundering, 4 February 2005
'Technique in auditing questions', 4 September 2001
'Technique in auditing questions ? part 2', 17 October 2001
'Tackling the 'Discussion' question', 1 November 2001
'Professional ethics ? a kloser look', 30 April 2003
'Divided opinion' (auditors' reports), 5 November 2002
'Rest assured' (assurance), 1 June 2001
'Audit and assurance services', 27 July 2001

exam guidance from BPP ~ paper 2.6 (Int)

ACCA Paper 2.6 Audit & Internal Review
December 2005

The following list is an idea of the type of questions that may come up in the coming exam. The list highlights areas of the syllabus and how they may well be tested.

Please note that there was a new examiner in June 2005

Internal audit/ Internal review
Following the new examiner's recent article on how the internal audit department can assist in corporate governance and risk management, this was tested in June 2005. Note that in addition to a specific question on internal audit or reviews conducted by internal or external staff, questions could be in the form of a report to management on control weaknesses with recommendations, very similar in substance to that produced by an external auditor (see Systems and Controls below)
Q7 Internal Auditors, Q8 Roxy Hotels)

Substantive testing
This will be in the exam, but what will be tested?
In June 2005 sales and tangible assets were tested.
In December 2004 substantive testing of payroll balances was tested (Q4).
In June 2004 inventories (stock) (Q3) and payables (creditors) and accruals (Q4) came up.
In December 2003 payroll audit was tested (Q2).
In June 2003, Inventories (stock) (Q2) and provisions were tested (Q3).
In the December 2002 exam, payables (creditors) (Q3) and inventories (stock) were tested (Q5).
In June 2002 cash was tested (Q2) and
In December 2001 receivables (debtors) were tested (Q4).
That would appear to leave non-current (fixed) assets, bank/cash and receivables (debtors) as likely candidates for examination this time round.
Q38 Springfield Nurseries, Q43 Goodfoot & Q45 Villawood Computers

Systems and controls
Again this topic will be included in the exam in some format.
In June 2005 Q3 was centred around a complex computer system. The examiner has warned that computers will be expected to feature in scenarios.
In December 2004 Q3 risks from a scenario had to be spotted, and controls recommended.
In June 2004, they came up in the context of outsourced catering and payroll (Q5). In December 2003 controls over payroll were tested in Q2 and Q1 included controls over business risks in the areas of human resources, procurement and marketing.
In June 2003, controls over non-current (fixed) assets were tested (Q6).
In the December 2002 exam the sales system was tested (Q2).
In June 2002 the cash system was tested (Q2) and in December 2001 Purchases/ capital expenditure were tested (Q3).
Any of these could come up again: the purchases/payables and sales/receivables systems looking the most likely.
Q32 Cosmo & Q27 Internal Control Systems

Planning and risk assessment (from a scenario)
risk in one form or another comes up at every sitting.
It is one of the key stages of the audit, but can also be examined in the context of a company's business risk as it was in June 2004.
In June 2005 Q1 was a straightforward question looking for risks from a simple scenario.
In December 2004, Q2 was centred around planning and the information you require, and Q1 was about spotting the risks of fraud and error.
Q17 EWheels & Q18 Nepco

Professional ethics
This is a core area not examined at the last 3 sittings. It is still a topical issue with all of the recent corporate collapses bringing the independence and professionalism of their advisors into question.
Recently, confidentiality came up in December 2003 (Q6), conflicts of interest in June 2003 (Q3) and objectivity in December 2002 (Q1).
Any independence issues would be ripe for examination again at this sitting.
Q10 Billington Travel & Q11 Manly

Audit/ Assurance Reports
This is a very important area of the syllabus, it is deliverable from the end of all assurance engagements. You also need to be aware of the differences between internal audit reports/ external audit reports and other assurance reports such as review reports. It was tested in June 2005 as an unpopular optional question asking for errors in a given audit report.
It has been tested in December 2003 (Q3 b and c), June 2003 (Q3c and Q5), June 2002 (Q3b) and December 2001 (Q5), but not in the last few sittings.
Q54 Audit and Review Reports, Q55 Cremorne

Parts of questions
The following topics could form discrete parts of questions at this sitting:
fraud,
management representations,
audit regulation,
materiality,
e-technology (see article below)
so make sure you are up to speed on these areas.


Relevant Articles
The following articles can be found in the Student Accountant magazine (or ACCA website)

The regulatory environment, 4 January 2005
Audit risk in a brave new world, 30 September 2004
Confirmation as audit evidence, 28 October 2003
Electronic technology and the auditor, 25 June 2003
Service organisations, 26 March 2003
Internal audit and review reports, 29 January 2003
Corporate governance in the 21st century, 30 September 2002
The independence of accountants, 10 June 2002.
The role of internal audit in risk management, 1 March 2002.
Technique in auditing questions,4 September 2001
Audit and internal review, 1 June 2001

Saturday, October 29, 2005

exam guidance from BPP ~ paper 2.5 (Int)

ACCA paper 2.5 - Part 2 - Financial Reporting
December 2005 Exam Tips

Section A

Question 1

Section A will comprise one compulsory question that will examine group accounting.
Group accounting is a core area and this question could ask you to produce a consolidated balance sheet and/or income statement (profit & loss account) with one subsidiary and possibly an associate or joint venture.

It usually includes adjustments for items such as:
fair value
unrealised profit on inventories (stock) or tangible assets
cancellation of intragroup trading
goods/cash in transit
pre-acquisition dividends.

Part (b) of the question usually includes a related discussion element.

2005 P&R Kit Questions:
Mock Exam 1 Q1 (Horsefield),
Mock Exam 2 Q1 (Hydrate), Holding, Augment, Hanford.

Section B

Section B will comprise four questions out of which candidates should select three questions. The examiner, Steve Scott has stated that the style of the paper will remain fairly static:

Question 2

Question 2 will be preparation/restatement of an income statement (profit & loss account) and/or balance sheet. This question normally requires adjustments for depreciation, tax and dividends. Other adjustments may relate to debt factoring or other substance over form issues, finance leases, financial/capital instruments, share issues and inventory (stock) valuation. There may be further disclosure requirements re discontinued operations or an earnings per share calculation.

2005 P&R Kit Questions:
Mock Exam 1 Q2 (Deltoid),
Mock Exam 2 Q2 (Bloomsbury), Larcher, Telenorth.

Question 3

Question 3 will be a written question examining theoretical/conceptual areas or accounting standards. This could be on tangible or intangible assets, impairments, accounting policies or leases with reference to the Framework for the Preparation and Presentation of Financial Statements (Statement of Principles).

2005 P&R Kit Questions:
Broadoak ('FRS 15' in the UK Variant kit),
Q3 Mock Exam 2 (Atkins).

Question 4

Question 4 is likely to examine interpretation and/or cash flow statements. There could also be a discursive part on why, for example, related party or discontinued operations disclosures are useful.

2005 P&R Kit Questions:
Charmer, Q4 Mock Exam 1 (Judicious),
Q4 Mock Exam 2 (Nedberg).

Question 5

Question 5 has no specified format or content and will cover other areas of the syllabus. The examiner frequently includes a 'mixed bag' question, which examines three or four different accounting standards.

Possibilities this sitting include:
deferred tax, construction contracts,
segment reporting,
events after the balance sheet date,
governments grants,
financial/capital instruments,
discontinued operations or substance over form issues.

2005 P&R Kit Questions:
Multiplex,
Deferred tax,
Diversity,
Myriad,
Dawes,
Jedders.

Relevant Articles (www.accaglobal.com/students)

How to approach performance appraisal questions 28 April 2004

First time adoption of International Financial Reporting Standards 4 January 2005

Health Warning! The examiners deliberately try to avoid question spotting. Just because a question featured last time, doesn?t mean it won?t feature this time. Use the tips as areas to have a good look at, but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

exam guidance from BPP

ACCA Paper 2.4 Financial Management and Control
December 2005

Section A

Cash management (Q55 PCB PLC and Q56 DELCARS PLC)
Cash flow forecasts (Q88 (a) JACK GEEP, Q92 AMBER PLC)
Sources of equity (Q62 BURNSALL, Q63 NEWSAM)
Ratio analysis and performance management (Q52 KESWICK PLC)

Note:the more complete case scenarios you attempt the better prepared you will be.
The Case scenarios recommended (Q87-97)

Section B

In section B of the exam there will be two questions on Financial Management (one of which will be on investment appraisal). The other two questions will be on areas from the Management Accounting section of the syllabus.

Net present value (NPV) calculations (Q70, Q80 BENLAND, 87 WATER SUPPLIES LTD 93 SPENDER CONSTRUCTION)
Sensitivity analysis (Q77 BURLEY PLC)
Capital Rationing (Q82 FILTREX, Q83 PI)
Dividend policy (Q51 PHOENIX, Q61 FOOD RETAILERS, Q66 NETHERBY PLC)
Budgeting (Q1 MANAGEMENT ACCOUNTING, Q2 COST AND MANAGEMENT ACCOUNTING, Q96 KWAN TONG)

Health Warning! The examiners deliberately try to avoid question spotting. Just because a question featured last time, doesn't mean it won't feature this time. Use the guide as areas to have a good look at, but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

Guidance for paper 3.5 and 3.7 for the coming acca exam.

3.5
1)rational or ermergent approach
2)strategic position
3)strategic option
4)role of accountant in the process of innovation
5)IT for competitive adv
6)ethic dillemme
7)ROI -ADV + DIS
8)balanced scorecard
9)marketing -international
10)attack defence strategy


3.7
1)foreign exchange risk
2)black scoled model
3)delta hedge
4)ratio + EVA
5)FDI +NPV
6)dividend policy
7)corporate governance
8)WACC + CAPM

this is a guidance i took from my friend's blog who is taking acca core paper this sitting...

prepared and look out for more up date on guidance for various paper for this coming december sitting.

Wednesday, October 26, 2005

CIMA tips from the website

CIMA exam tips...right here 07/10/2005



You can rely on Pass to come up with comprehensive exam tips from some of the best lecturers in the business




We have teamed up with our chums at BPP, FTC, LVMT and Reed Business School to bring you the hottest CIMA tips in town for the second sitting of the new syllabus.
WARNING: HANDLE WITH CARE
A quick guide to using our tips
• Revise well before use
• Revise further after use
• Keep out of reach of those without good syllabus coverage
• Keep away from question spotting
• Contains great tips

For the November 2005 exam it is a little easier than in May to try and predict likely topics due to the fact it is now the second sitting.
Examiners try to avoid question spotting. Just because a question featured under the old syllabus or in May, it doesn’t mean it won’t feature this time. Use our tips to guide your revision but remember other than the examiner nobody knows for sure what will appear in the exam.



Paper 1
Management Accounting Performance Evaluation – BPP
Section A
• Costing systems
• Modern business environment and costing
• Standard costing and variance analysis
• Budgeting
• Forecasting techniques
• Performance appraisal
• Transfer pricing


Section B

The questions in section B may include the following areas:
• Modern costing systems - ABC is the most likely (make sure you know the advantages and disadvantages as well as being able to get through calculations fairly quickly)
• Budgeting systems eg traditional/incremental budgeting v zero-based budgeting
• Responsibility centres - ratio analysis, ROI and RI
• Transfer pricing

Section C
• Activity based costing and other aspects of world class manufacturing
• Budgeting




Paper 2
Management Accounting Decision Management – BPP
Section A
* Learning curves
* Optimal pricing


Section B
* Modern management accounting techniques (possibly in section C)
* Pricing
* Investment appraisal
* Uncertainty

Section C
* Pricing
* NPV calculations with sensitivity



Paper 3
Management Accounting Risk and Control Strategy – FTC
Due to the integrated nature of the compulsory question, and the diverse balance of topics covered in the Pilot paper and the May 2005 exam, these tips should be taken with much caution.
• Risk - measuring/internal controls and Turnbull/risk management strategy
• Audit -audit types, eg VFM
• Control systems - systems theory/feedback control/modern developments
• Financial risk - computations on currency risk/discussion regarding prediction of exchange rates (PPPT/IRPT)
• Information strategy - ERPS/basic theory


Paper 4
Organisational Management and Information Systems – LVMT
Section A
* Design documentation techniques (the data flow diagrams, the entity relationship model and the entity life history
* Systems analysis (functional and physical requirement for a new system, invitation to tender, in-house verses purchased systems
* Product life cycle and the 4Ps
* Human resource management aspects (planning human resources and human resource cycle)

Section B
* Operations management. Emphases should be placed on (the supply chain management and quality in organisation).
* Management theories (especially the classical theorist, and the human relations movement)
* Change management.

Section C
• Change management
• * Operations management (with particular reference to JIT, MRPOPT)
• Marketing aspects


Paper 5
Integrated Management - Reed Business School
Section A:
* A thorough knowledge of short definitions is essential

Section B:
• Process of strategy formulation and
• The tools used for strategic analysis
• Project life cycle
• The skills required of a project manager
• The disciplinary section of the learning outcomes

Candidates will also need to be familiar with and identify structural and leadership issues that will be faced in managing a project team; and evaluate through selected review and audit, the learning outcomes from a pr

Section C:
• The purpose and principles of good corporate governance
• Evaluation of competitive situations (and application of this knowledge to an organisation)
• The importance of national cultures on management style (globalization)
• Methods of conducting research and gathering data as part of the managerial process



Paper 6
Management Accounting Business Strategy – LVMT
Section A
* Aspects of the role of mission statement and shareholder value analysis
* Strategic Options areas
* The calculation of NPV

Section B
• Porter’s Diamond
• Value chain analysis or M’s model
• McFarlan guide
* IT impact on strategies


Paper 7
Financial Accounting and Tax Principles – FTC
The nature of this paper you must have a good basic understanding of all topics. This is because 80% of the paper (section A and B) is compulsory.
Section A
All areas of the syllabus, but principles of business taxation are likely to be tested here.

Section B
All areas of the syllabus.
* Individual accounting standards, including NCA, PBSE, provisions, leases, deferred tax, construction contracts
* Working capital

Section C
* Preparation of all financial statements, particularly the balance sheet, the income statement and the cash flow statement

Paper 8
Financial Analysis – BPP

Section A
The questions will be broad syllabus coverage
• Profit on disposal
* Cash received from associates
* Goodwill
* Fair values


Section B
• Short consolidated income statement or balance sheet
• Goodwill/retained earnings calculation for a group including adjustments
• Inflation accounting/ asset valuation explanation/ comparison
• Pensions accounting
• Substance over form scenarios, such as debt factoring or sale and repurchase agreements
• Explanation of a US GAAP reconciliation
• Recognition, measurement and/or classification of financial instruments
• Earnings per share calculation and explanation (basic and/or diluted)
• Ratio calculation and interpretation


Section C

• Group financial statements eg complex group balance sheet and/or income statement, group income statement with disposal, group cash flow statement, foreign subsidiary
• Ratio calculations, perhaps in the context of segment analysis


Paper 9
Management Accounting Financial Strategy – FTC
• WACC
• CAPM
• Mergers and acquisitions
• Objectives
• Dividend policy
• NPV
• Treasury

Please note the very latest CIMA tips will be made available online at www.passmagazine so make sure you keep checking our website over the coming days


For further exam advice visit –

FTC --> www.financial-training.com or www.FTC4Success.com

BPP --> www.bpp.com/virtualcampus/cima.
For BPP practice and revision kits, visit www.bpp.com/cima/products

Reed Business School --> www.reed.com

LVMT -->www.lvmt.com

the above are adopted from the article available from pass magazine.

SHU briefing.

there would be a briefing for those who are interested to further thier study in uk ----> Sheffield Hallam University (SHU)
this briefing 2005 would be conducted by David Kyle.
Date, time and venue are as follows:-

Date: Friday 11 November 2005
Time: 1pm
Venue: DK B

Please help to spread the news to those who are interested.

Friday, October 14, 2005

Career Talk at TARC 2

The following are the title and date as well as the venue for the career talk at tar.
if you are interested in any of the following just drop by during the stipulated time and venue as follow:-

Business Etiquette
13 October 2005
2-4pm
Function room, Clubhouse

Resume Writing & Attending Interviews Skills
19 October 2005
2-4pm
Function room, Clubhouse

Find Yourself @ PricewaterhouseCoopers
Perspective from TARCians
19 October 2005
11-12.30pm
Function room, Clubhouse

Job Opportunities in Chartered Accountant Firm
20 October 2005
2-3.30pm
Function room, Clubhouse

Public Practice in Small to Medium Sized Firm
21 October 2005
10-11.30pm
Room UA026, Sports Complex

Career Opportunities As An Accountant in Malaysia
21 October 2005
12-1pm
Function room, Clubhouse

A Career in Taxation
21 October 2005
2-3.30pm
Room UA026, Sports Complex

Wednesday, October 12, 2005

Career Talk at TARC

Dear Coursemate,

There would be a series of talk during the career day held at TAR College during 19-21 October 2005.
This would be a good opportunity for those who are looking forward to be employed or those who wish to have a change in their working environment, to get contact with your potential employer.

p/s these talks are handled by big 4, small and medium sized firms and
also commercial firms.

further information would be updated when more information is obtained.