Only use black ballpoint. ACCA OCR (optical character recognition) software does not recognize any other colour and gel pen, ink pen, marker, pointer, highlighter etc.
You should take a spare calculator along with you. If your preferred calculator fails unfortunately, then you can use the spare calculator.
ACCA F2/FMA Exam Tips June 2012
- Absorption costing
- Marginal Costing
- Process costing
- Variance analysis
- Discounted cash flows techniques
- Regression analysis
- High low method
ACCA F5 Exam Tips June 2012
PART A COSTING TECHNIQUES
Activity based costing
Target costing
Environmental accounting
PART B DECISION MAKING
Linear Programming. Please do not forget to take pencil, ruler and eraser along with you. You may need to draw diagram to find out optimal point on graph paper, which will be provided by the ACCA.
PART C BUDGETING
Time Series Analysis. Time series is not examined since along. It is very important forecasting technique in practice.
CVP analysis is not examined since it is included in ACCA F5 Performance Management syllabus. It may be examined as part of a question for up to 6 marks.
PART D STANDARD COSTING
Basic variances.
Mix & Yield variances.
PART E PERFORMANCE MEASUREMENT
Divisional performance measurement. It includes ROCE, RI & EVA
Balance Score Card
Critical Success Factors (CSFs) & Key Performance Indicators (KPIs)
Behavioural aspects of performance measurement. It includes issues such as evaluating managerial performance, rewarding performance, encouraging goal congruence.
ACCA F9 Exam Tips June 2012
WORKING CAPITAL MANAGEMENT (Q1)
EOQ (Economic Order Quantity)
Bulk purchase discounts.
Formulating & evaluating trade receivable policies.
Obtaining & offering early settlement discounts.
INVESTMENT APPRAISAL TECHNIQUES (Q2)
NPV (Net Present Value).
IRR (Internal Rate of Return).
Discounted Payback.
ARR (Accounting Rate of Return).
SOURCES OF FINANCE (Q3)
Impact of sources of finance on cost of capital
Impact of dividend policy on cost of capital.
Pecking order theory
COST OF CAPITAL (Q3)
CAPM (Capital Asset Pricing Model),
WACC (Weighted Average Cost of Capital)
RISK MANAGEMENT (Q4)
Types of foreign exchange risk.
Hedging techniques for foreign currency risk. It includes forward contract, currency futures, currency options, money market hedge and currency swap.
ACCA P1 Exam Tips June 2012
ETHICS
AAA (American Accounting Association) model Or Tucker's 5 step model.
Social & environmental footprint and sustainability.
Absolutism Vs Relativism Or Teleological Vs Deontological Ethics
ACCA code of ethics.
Types of Ethical Threats.
Public Interest. It includes conflict between duty as professional accountant and public interest.
GOVERNANCE
Stakeholders' classification and management (Mendelow matrix)
Role of NEDs & Chairman.
Principles Vs Rules based approach
Corporate governance codes (Combine Code UK and Sarbanes Oxley act US)
RISK
COSO framework
Types of risk
Risk assessment
TARA framework
Internal control environment. It includes risk embedding.
Internal control activities (SPAM SOAP)
Internal audit role and objectives.
Audit & Risk management committee
ACCA P3 Exam Tips June 2012
STRATEGIC PLANNING
PESTEL (Political, Economic, Social, Technological, Environmental, Legal).
Michael Porter's five force model.
SWOT (Strengths, Weaknesses, Opportunities, Threats).
Ashridge portfolio matrix.
BCG (Boston Consulting Group) Matrix.
Product life cycle in combination with BCG.
Strategic capability.
SAF (Suitability, Acceptability, Feasibility) Criteria.
Michael Porter's generic strategies Or strategic clock.
PROJECT MANAGEMENT
Project initiation document (project charter).
Business case.
Benefits realisation.
Response to project slippage problem.
Role of project manager.
PROCESS
Michael Porter's value chain.
Value network analysis (Supply chain analysis).
Business process redesign.
Paul Harmon Process/Strategy matrix.
Paul Harmon process improvement techniques (simplification, gaps & disconnects, value analysis, Re-engineering).
E-BUSINESS & MARKETING
Characteristics of internet marketing.
Push vs. pull marketing.
Marketing Mix (7M's).
Purchase Mix (5R's).
Pricing Strategies.
CHANGE MANAGEMENT
Cultural web paradigm.
7's Mc Kinsey Model.
Balogun & Hope Hailey contextual features.
FINANCE
ROCE (Return on capital employed).
RI (Residual income).
EVA (Economic value added).
Ratio analysis (Profitability, Liquidity or Working capital, Gearing, Investor).
