ACCA FTC Exam Tips June 06 Part 3
3.1 INT and GBRQ1. Risk assessment, risk management and audit strategy.
Q2. Assurance services - prospective financial information, or reporting on non-financial information.
Q3. Matters and evidence - 3 scenarios.
Q4. Audit reporting - Opening balances and Comparatives.
Q5. Professional and ethical matters / practice management.
Q6. Current issues.
3.3
Contribution based decision-making
Practical aspects of pricing policy
Performance evaluation – ROI and RI
The learning effect
The strategic framework – specifically a question based around the examiner’s recent article on “Business Strategy and Performance Models” (Student Accountant – April 2006)
3.4
SWOT analysis – ability to determine the issues which affect the business using and internal and external focus
MacFarlan/Peppard’s Strategic grid – possible application to a case study with the comparison of competing projects
Lewins Model – application of how an organisation can manage change using an unfreeze, change and refreeze approach
Intranet – development of a system to support internal operations
Business and IS/IT alignment
BPR and the implications of changing business operations
E-commerce – development of web sites and their impact on both business and individual customer usage
3.5
Ethics
Corporate governance issues
CSR
Globalisation
Marketing
3.6 IAS
Section A
This compulsory question will be on the preparation of consolidated accounts.
The preparation of a group income statement is due, as is the translation of foreign
subsidiaries and cash flow statements!
Section B
Share based payments
Revenue Recognition
Financial instruments.
International issues
Reporting of non financial performance e.g. Corporate Social Responsibility,
sustainability reporting
3.7
Section A:
Overseas NPV: Ability to perform a basic overseas NPV/FCF calculation. Including one off cash flows, annuities and perpetuity calculations and the knowledge of the specific issues that relate to foreign direct investment.
Risk management: Currency Risk / Interest rate risk
Company Valuation within the context of Merger and Acquisitions: A possible question that requires a valuation under various methods like NAV, DVM, P/E Ratio and FCFs. (maybe within the context of Going Private.) Also review the share for share exchange style questions.
Section B:
Economic Value Added – EVA
Dividend Policy
Portfolio Theory and CAPM - summary and alpha tables
International economics – I.M.F., Treasury Management. Balance of payments deficits.
0 Comments:
Post a Comment
<< Home