Free Study Material for Accountants

Seminar On Study in Malaysia (UCSI University)

2010-05-31T03:07:00.001-07:00

Excel Pivot Tables

2010-05-29T03:15:00.001-07:00

Excel Pivot Tables Recipe Book - A Problem-Solution Approach

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F8 BPP Audio CD

2010-05-29T03:14:00.001-07:00

Audio CD BOO F8

ACCA-BPP-F8 -AUDIO CD.rar download
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P4 BPP Audio CD

2010-05-29T03:13:00.001-07:00

ACCA P4 BPP Audio CD

ACCA-BPP-P4-AUDIO CD.rar download
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F6 UK Study Notes

2010-05-29T03:12:00.003-07:00

F6 UK Variant Study Notes

ACCA F6 UK variant .pdf download
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F2 - Management Accounting (Video Lecture)

2010-05-29T03:12:00.001-07:00

London School of Business and Finance's ACCA Exam Preparation Course. To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.

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F3 - Financial Accounting (Video Lecture)

2010-05-29T03:11:00.003-07:00

ACCA F3 - Financial Accounting
English (UK) | ~30 hours | 640x360 | Flash Video 1 | | 2.8 GB

To develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques, including the preparation of basic financial statements.

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CAT BPP i-pass cds

2010-05-29T03:11:00.001-07:00

CAT BPP i-pass cds

CAT PAPER 1 T1 Recording Financial Transactions >> Download CAT-T1 i-pass cd

CAT PAPER 2 T2 Information and Management Control >> Download CAT-T2 i-pass cd

CAT PAPER 3 T3 Maintaining Financial Records >> Download CAT-T3 i-pass cd

CAT PAPER 4 T4 Accounting for Costs >> Download CAT-T4 i-pass cd

F9 - Financial Management (Video Lecture)

2010-05-29T03:10:00.001-07:00

ACCA F9 - Financial Management
Flash | English (UK) | ~35 hours | 640x360 |3.1 GB

To develop knowledge and skills expected of a financial manager - relating to issues affecting investment, financing, and dividend policy decisions.

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F8 Audit and Assurance (Video + Book) Rapidshare Download link

2010-05-29T03:09:00.001-07:00

ACCA F8 Audit and Assurance
Video + Book | English | 45 Hours | 3.6 GB

To develop knowledge and skills in the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.

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Management Accounting in Enterprise Resource Planning Systems

2010-05-29T03:08:00.001-07:00

Current evidence points to management accountants using traditional software (such as spreadsheets) for budgeting, ABC, balanced scorecards and other performance management techniques independent of, rather than integrated with Enterprise Resource Planning (ERP) Systems.

While there has been some limited research on the effects of ERP systems on management accountants, this report provides a comprehensive analysis of the consequences of implementation of ERP systems for management accountants.

. This report provides a theoretical basis for studying the impact of Enterprise Resource Planning (ERP) systems on management accounting and provides critical insights into the opportunities provided by ERP systems for the most efficient use of management accounting techniques.

. The seven UK case studies of ERP implementations reveal the correlation between the success of the system implementation and the development of the role of management accountants in business partners thereby identifying the changes and skills required of management accountants.

. The book provides guidance to management accountants on the changes they need to make in order to achieve the most from an ERP system implementation.

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Manual Exam Past Paper F1

2010-05-29T03:07:00.002-07:00

Past ACCA Manual Exam Papers for F1

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Download F1 Past Papers (Last 7 Years)

Manual Past Paper for F2

2010-05-29T03:07:00.001-07:00

Manual Past Paper for F2

Past ACCA Manual Exam Papers for F2

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Download F2 Past Papers (Last 7 Years)

Past ACCA Manual Exam Papers for F3

2010-05-29T03:06:00.001-07:00

Past ACCA Manual Exam Papers for F3

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Download F3 Past Papers (Last 7 Years)

ACCA BPP June 2010 Exam Tips

2010-05-29T02:43:00.001-07:00

Whilst we're not examiners and don't get to see the exam papers in advance, our tutor team have put together some exam tips for the June 2010 exams. These are effectively the most examinable topics for each paper i.e. the areas that you must be fully comfortable with before the June 2010 exams.

Please note that these tips are based on our experience as a leading ACCA tuition provider. You should ensure you have a complete and solid knowledge of the entire syllabus in addition to the tips below. The majority of every exam is compulsory, so there is little value in trying to 'question spot' your way through an exam.

Exam tips are available towards the June 2010 sitting for the following papers:

Paper F4

Operation of judicial precedent
Offer and acceptance of contracts
The tort of negligence
Breach of contract and remedies
Directors' statutory duties under the Companies Act 2006
Insider dealing and/or Money Laundering

Paper F5

Specialist Cost and Management Accounting Techniques. ABC, Throughput Accounting & Target Costing have featured recently. Backflush accounting has not yet been examined. Be prepared to discuss techniques such as ABC compared to traditional costing techniques such as Absorption Costing.
Decision making techniques. Relevant costing, linear programming and risk & uncertainty have been examined recently. Pricing is yet to be examined in much detail other than a brief discussion about discounting and a requirement to suggest two pricing strategies.
Budgeting. Learning curves have featured most regularly to date. Discussion marks may look at the appropriateness of budgeting types or the behavioural impacts of types of budgeting. Numerical elements in a budgeting question could include flexed budgets or time series analysis.
Standard costing & variance analysis. Mix & yield variances, planning & operating variances and operating statements have been examined. Be prepared to discuss performance and whether variances are an indicative measure of good / bad performance.
Performance Measurement and Control. Questions focusing on interpretation of performance and financial vs non financial measures have featured on all papers to date. Questions could focus on the public sector, divisional performance measures such as ROI / RI or a discussion of the impact on performance of various transfer prices.

Paper F6

Income tax:

Employment income including benefits and PAYE system
NIC for employed earners
Income tax losses
Property income
Calculation of income tax payable
Treatment of pension contributions

Corporation tax:

Calculation of plant and machinery capital allowances
Calculation of CT payable
Submission of CT return and payment of tax
Group relief

Capital gains tax:

Calculation of various disposals from a company's perspective
Share disposals
Replacement of business asset relief
Part disposal

VAT:

Default surcharge liability notice
Common penalty regime
Annual accounting/flat rate scheme

Paper F7

Q1 (25 marks). Consolidated statement of comprehensive income (P&L) and/or statement of financial position (balance sheet) with one subsidiary plus associate (including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area). Discursive part (b) on reasons for adjusting for unrealised profit or other group topic.
Q2 (25 marks). Accounts restatement/preparation with adjustments e.g. depreciation, current/deferred tax, inventory (stock) valuation, leases, substance over form issues, financial instruments (change in FV or amortised cost), revaluations, share issues or government grants. May include EPS calculation or movement in share capital and reserves.
Q3 (25 marks). Interpretation and/or statement of cash flows, perhaps with written part on not-for-profit entities. Interpretation may focus on limited ratios and their interpretation (e.g. liquidity). Sections of a statement of cash flows (rather than whole statement) may be tested.
Q4 & Q5 (15 & 10 marks). One question in context of conceptual framework; other containing one or two discrete topics. Possibilities: regulatory framework, inflation, government grants, deferred tax, substance over form issues, leases, intangible assets, impairment or construction contracts.

Paper F8

Not for profit organisations
Risk assessment
Ethics
Computer based auditing
Analytical procedures

Paper F9

Working capital. This has always been a favourite theme; questions on inventory management and receivables management are likely here. Make sure that you are comfortable with using working capital ratios to calculate inventory, receivables, payables and cash balances.
Investment decisions. This exam normally contains a question involving net present value (NPV), often with tax and inflation. Remember that you may need to calculate a weighted average cost of capital before you calculate an NPV.
Sources of finance. This is a topical area, we would expect a part question on financing problems covering gearing issues and problems for small-medium sized companies. Ratio analysis is likely to feature here.
Business Valuations. This area is commonly tested and is a core syllabus area. You should note that in recent sittings the examiner has looked to combine different syllabus areas within the same exam question – for example asking you to calculate a cost of equity and then use it to value a company. Make sure that you are also able to value debt.
Financial environment & risk management. Recent exchange rate and interest rate volatility could impact on a company's financial management plans – a part question on this area could be set, with further discussion and calculations on hedging techniques.

Paper P1

Corporate Governance. Governance underpins the P1 syllabus so you can expect detailed questions on principles-based systems such as the UK Combined Code (2006). Make sure that you fully understand the role and responsibilities of directors (both executive and non executive), and how good governance structures help to reduce risk. Remember that you may need to discuss the various committees recommended as part of best practice, and the disclosures required by the Turnbull report.
Risk Management. Typical risk management questions often require you to identify specific risks in a given scenario, and then suggest how the organisation might seek to respond to those risks. You may also need to give your opinion on the risks, so key models that are highly examinable are the risk mapping matrix and the 'TARA' response model.
Control Systems. In order to respond to risks, organisations will implement a range of controls. You need to be able to suggest suitable controls in a given context, and show that you know the difference between the control environment and control procedures. Questions in internal control may also cover internal audit, as this is an integral part of both risk management and control.
Ethics. Ethics questions invariably require candidates to related their opinions or ideas to key theories. Remember that personal ethics relate to how we behave or choose to behave, and key schools of thought include Deontology (duty) and Telelogy (Outcome). Kohlberg's model of ethical development is highly examinable, and questions may ask you to recognise where a particular individual fits into the model. Professional ethics is concerned with following an ethical code of conduct, and questions may ask you to evaluate an accountant's actions.
Corporate Social Responsibility. Organisations have a wider duty to stakeholders. This area is always highly examinable, and questions frequently ask candidates to refer to the Gray Owen Adams model, when identifying how an organisation should choose to behave.

Paper P2

Section A:

Compulsory case study including preparation of a group statement of comprehensive income (profit and loss account) and/or statement of financial position (balance sheet) including complex group structures, continuing and discontinued activities or foreign subsidiary, or alternatively a statement of cash flows. This will include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate reporting.

Section B:

Industry question (often Q3), testing range of standards (NB: no specific knowledge of the particular industry is required)
Discussion question (Q4) looking at current developments in corporate reporting such as small and medium-sized entities, leases, success/issues on implementation of IFRSs, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. May also include a related computational part based on figures from a case study.
'Multi-part' testing a range of standards separately, such as related parties, pensions, changes in accounting policies, recognition and/or impairment of tangible and intangible assets, foreign currency transactions, leases, revenue recognition, consistency of standards with the conceptual framework, changes in accounting policies, the effect of accounting treatments on earnings per share or ratios and deferred tax implications.

Paper P3

Internal/External analysis. A core area of the syllabus and could be based around a number of key models all of which may be used to analyse the current position of the organisation. This could be the main part of your section A. The value chain and BCG matrix are included so make sure you are able to work with these models. Ensure that you can undertake analysis of a business' current position and performance using ratios as this is increasingly an element of P3.
Generation and evaluation of strategic options. Leading on from an initial analysis of a business you may be asked to offer advice on the best options in light of the current position or having been informed of an issue an organisation is facing.
Project management. Most business decisions result in projects being initiated. This is an important area of P3 and although we have seen this before there are a number of ways this area could be examined.
Business processes and Change management. Although seen in previous sittings this could be part of a requirement. This could incorporate changes to both upstream and downstream supply chains.
Quality. A popular area of the syllabus that has featured in a number of sittings. We have seen the key models examined in recent sittings. The importance of quality may see it included as a part requirement or underpinning a business decision.
Marketing. Techniques and customer relationship could feature in section B. Competitive behaviour through lifecycle modelling could be an underpinning issue in either section A or B.
Stakeholders. Identification of stakeholders has been examined previously although you may still see this as a part requirement.

Paper P4

Role and responsibility towards stakeholders. Ethical issues continue to appear regularly as an optional discussion question, normally with practical financial issues from elsewhere in the syllabus. The discussion question is normally one of the easier optional questions.
Advanced investment appraisal. The compulsory question often features an NPV question with an analysis of risk. Cost of capital calculations are regularly tested, make sure that you are comfortable adjusting betas for differences in gearing. Real options and adjusted present value are also popular themes, and are normally tested in section B of the exam.
Acquisitions and mergers. Although this area was heavily examined in December, this exam normally contains a question involving valuations which the examiner sees as a crucial part of the syllabus.
Corporate reconstruction. This is a topical area; a question could also ask you to evaluate a capital reconstruction e.g. a business that is considering offering its creditors shares in order to enable it to survive.
Advanced risk management. We would expect to see a numerical risk management question featuring either interest rate or exchange rate hedging. Foreign currency derivatives are due to be tested numerically; the new examiner has indicated that questions may well ask you to compare the results of a hedge using a number of different hedging techniques.

Paper P5

Scope of strategic performance measures in the private sector. Analysis of financial and non-financial performance; this could include the use of activity-based approaches or learning curves, and strategies to improve performance.
Divisional performance and transfer pricing issues. ROI, RI , EVA or even ABC could feature here; transfer pricing could feature as an aspect of these questions.
Problems with budgeting. Budgeting has been a favourite essay question with your examiner, especially an awareness of the problems of budgeting but was largely unexamined in 2009.
Alternative views of performance measurement. The examiner often includes a question to evaluate an organisation against an established theoretical model. The balanced scorecard, performance pyramid and building blocks have all appeared in previous exams.
Performance hierarchy. Linking strategic decisions to mission statements or suggesting strategic options using models such as Ansoff's matrix or the BCG matrix lend themselves to questions containing a mixture of financial and discursive elements that could easily include a simple NPV or profit analysis.

Paper P6

Income tax:

Pension contributions – tax relief
EIS/VCT schemes
Income tax losses
Accrued income scheme
Personal service companies
Termination payments
Share schemes
Overseas aspects for individuals

Capital gains tax:

Small part disposal of land
Takeover/reorganisations
EIS reinvestment relief
Damaged/destroyed assets
Leases/wasting assets

Inheritance tax:

Death estate, treatment of lifetime gifts
Quick succession relief
Gifts with reservation of benefit
Variation of will
Payment of IHT
IHT implications of transferring property into a trust

Corporation tax:

Research and development
Intangible assets
Liquidation/winding up
Consortium relief

Value added tax:

VAT groups

Imports/exports
Partial exemption
Treatment of VAT on disposal of buildings

Ethics

Paper P7

A risk-based and/or planning scenario in the compulsory section
Questions based on articles published in Student Accountant in the past six months - such as the article on Going Concern from February 2010
A number of requirements asking for audit procedures and required evidence in respect of specific financial reporting issues
A practice-based scenario looking at professional, ethical and quality control issues
A reporting scenario of some sort - probably testing either emphasis of matter or other matter paragraphs
Legal and regulatory issues affecting assurance providers, especially in the context of firms' professional liability and the UK Companies Act 2006
Specific procedures for obtaining evidence (such as analytical procedures and other ISAs that have changed following the Clarity Project) and evaluating the quality of audit work carried out, both for components and groups
The requirements of other forms of assurance engagement, such as Value for Money (VfM) studies or agreed upon procedures
The correct treatment of more complex accounting issues (such as employee benefits and adoption of IFRS) than has been seen before
Specific ISAs may be examined in sufficient detail to warrant learning the key elements for regurgitation in the exam, such as comparatives (ISA 710) other information (ISA 720) or opening balances (ISA 510)
Discrete topics that we have not yet seen such as questions using the context of internal audit or examples of other non-audit engagements
The need to understand current issues such as globalisation, the impact of the recession on auditors, corporate governance, risk management and auditor liability - especially relevant in the context of the going concern article from February 2010

English Learning Books

2010-05-28T22:24:00.001-07:00

672 Oxford Guide to English Grammar
To Download Click Here

A Communicative Grammar of English-Third Edition
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Speak English like an American
To Download Click Here

The A-Z of Correct English Common Errors in English
To Download Click Here

The Art of Writing and Speaking the English LanguageThe Art of Writing and Speaking the English Language
To Download Click Here

Excel Pivot Tables Recipe Book - A Problem-Solution Approach (2006)
To Download Click Here

1 Mock Paper F4 BPP

2010-05-28T22:01:00.003-07:00

1 Mock Paper F4 BPP

2 Mock Paper F4 BPP

2010-05-28T22:01:00.001-07:00

2 Mock Paper F4 BPP

1 Mock Paper F5 BPP

2010-05-28T22:00:00.001-07:00

1 Mock Paper F5 BPP

2 Mock Paper F5 BPP

2010-05-28T21:58:00.003-07:00

2 Mock Paper F5 BPP

1 Mock Paper F6 BPP

2010-05-28T21:58:00.001-07:00

1 Mock Paper F6 BPP

2 Mock Paper F6 BPP

2010-05-28T21:57:00.001-07:00

2 Mock Paper F6 BPP

1 Mock Paper F7 BPP

2010-05-28T21:56:00.001-07:00

1 Mock Paper F7 BPP

2 Mock Paper F7 BPP

2010-05-28T21:55:00.001-07:00

2 Mock Paper F7 BPP

1 Mock Paper F8 BPP

2010-05-28T21:54:00.001-07:00

1 Mock Paper F8 BPP