TARC ACCA 2005: ACCA Exam Tips December 05 Part 2 from ftc

~~~~~~~~~~~~~~~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!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~

Sunday, November 06, 2005

ACCA Exam Tips December 05 Part 2 from ftc

2.1

Managing Information Systems

Business strategy and IS/IT strategy
Trends in IT
Outsourcing
Recharging IS/IT costs
Legacy systems
Projects: quality plans; slippage

Designing Information Systems

Systems development methodologies (Student Accountant article August 2005)
Data flow diagram; business event model
External design: data input
Software: packages v bespoke
Prototyping, CASE and 4GL

Evaluating Information Systems

Security: physical security; passwords; validation; encryption
Quality management, quality assurance, quality control; V-model
Changeover methods
Metrics (Student Accountant article February 2005)
Maintenance

2.4
Budgeting (to include cash budgets, maybe forecasting)
Costing systems (Absorption, ABC, Marginal, throughput)
Working Capital Management (possibly Debtors and/or overtrading)
Investment Appraisal; NPV to include tax and inflation, other methods of appraisal and possibly capital rationing
Gearing, ratios (ROCE, ROE) and multiple objectives

2.5 INT
CBS and CIS
Published accounts,EPS ?(maybe normal IS and BS)
Interps (but don’t neglect cashflow)
IAS 12 (FRS 112)
IAS 17 (FRS 117)
IAS 36 (FRS 136)
IAS 18 (FRS 118)

2.6 INT
Ethics / New audit appointment
Internal Control Objectives / Procedures for a given company
Substantive Testing of Inventory (Stock) or Receivables (Debtors)
Internal Audit outsourcing
Audit Report scenarios
Practical Audit Planning
Computer Assisted Audit Techniques