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ACCA June exam tips

26 May 2017

FIRST INTUITION"S JUNE EXAM TIPS

P1
• 50-mark scenario question to include ethics, governance and risk management, integrated reporting and directors’ remuneration.
• Optional questions to include evaluation of risks and their mitigation, Tucker’s five question model on ethics and the role of NEDs in the management of risk.


P2
• Q1 – Group question on disposals or step acquisitions.
• Ethics.
• Revenue recognition.
• Provisions.
• Deferred tax
share-based payments.
• Pensions.


P3
• Three strategic lenses.
• Industry lifecycle.
• Pricing strategy.
• Value chain.
• Critical success factors.
• Organigram.
• Globalisation.
• Porter’s generic strategies.
• Change Kaleidoscope.
• Harmon’s process strategy mix.
• 6 I’s.
• Business case.
• Leadership.


P4
• International investment appraisal techniques focusing on risk management tools such as value at risk.
• Option valuation.
• Capital structure: traditional debt finance and Islamic finance – Sukuk bonds.
• Financing strategy.
• Business valuation.


P5
• Critique an existing performance management system and the performance hierarchy.
• Quality as a critical success factor.
• Benchmarking.
• Effective use of information systems.
• Reward systems linked to performance measures.
• Performance model (balanced scorecard or performance pyramid).
• Risk management techniques.
• Transfer pricing.


P6
• Incorporation relief/ disincorporation relief.
• Remittance basis.
• Pensions consortia.
• Patent box.
• Takeovers.
• Commencement of trade (basis periods/losses).
• VAT – option to tax and partial exemption.
• EIS, SEIS and VCTs.


P7
• Business or audit risks in a scenario.
• Identifying ethical and other professional issues in a scenario.
• Matters to be considered and audit evidence for a couple of core accounting issues.
• Forensic auditing.
• Insolvency issues (UK stream).
• Discussion on current issues.

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