TARC ACCA 2005: ACCA Exam Tips December 06 Part 1 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!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~

Saturday, November 04, 2006

ACCA Exam Tips December 06 Part 1 from ftc

1.1 - GBR/IAS
SECTION A (50 %)
25 Multiple choice questions
Will cover all areas of the syllabus

SECTION B (50%)
Longer questions – will include theory and computational questions, each question worth between 8 to 12 marks.

Preparation of financial statements for a sole trader/company
Consolidated balance sheet
Fixed/Non current assets ledger accounting
Incomplete records
Accounting standards/ concepts/theory
Ratios and interpretation

1.2
The paper will consist of 25 MCQs of 2 marks each and 5 long questions of 8-12 marks each. The MCQs will vary in difficulty, but the variety will ensure that the paper reflects the syllabus. The five long questions will be a mix of (mostly) calculations and (a few) written marks. The vast majority of the marks in this paper will be for calculations.

The nine key areas of the syllabus will make up the bulk of the exam paper:

Cost classification and behaviour.
Material, Labour and Overhead costs.
Absorption and Marginal Costing.
Process Costing.
Standard Costing (includes variances).
CVP analysis (includes break-even).
Pricing Methods.
Relevant Costing
Limiting Factors and Linear Programming

1.3
Primary Tips:
Counseling
Individual, Groups and Team behaviour
Motivational Theories
Objective setting; performance indicators
Effective Communication
Management of Diversity/Equal Opportunities
Secondary Tips:
Leadership Theories
Recruitment and Selection
Management by Objectives
The Learning Process – Mumford and Kolb