F1
U`,0]"Qk Exam format
%Rz&lh/ the exam will be have 50 questions which make up 90 marks – the pass mark is 50%. There are 40 multiple choic questions, each question will be on 1 syllabus area and will require selection of the correct answer out of 4; 10 Short questions: where the candidate has to read some information and choose TRUE or False. The CBE exam may make use of other question formats
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hXE This paper is broad but not deep, questions are about knowledge and understanding across a very wide range of general business issue that will provide a foundation for later studies
;2@BO-3K Syllabus areas
:gerQz4R8 There are 6 key syllabus areas, and with an exam of this nature, none can be deemed less important, as all can be tested and exams will aim to be representative across the syllabus.
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IV!; Context tested in the pilot paper
*+TH#EL2 Chapter 1: Span of control; function of marketing; advantage of decentralisation; shamrock organisation; 4P in marketing
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'm0 Chapter 2: transaction processing system;
K+Z+wA? Chapter 3: Handy’s cultural type; internal stakeholder; Mendelow’s analysis of group of stakeholders;
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m_ Chapter 4: no single question appear on the pilot paper
{GKy'/[ Chapter 5:Best practice in corporate governance; Public Oversight Board;
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KZX+ Chapter 6:Policy to expand level of economic activity; types of unemployment;
rgSOS-ox total level of demand; impact of interest rate increase; impact of inflation;
D?C)BcN Chapter 7:Situation analysis (environmental scan); population trend; data
lIUuA protection legislation; lobby group; utilities company;
&;XAuDw4+i Chapter 8:Role of accounting; IASB; role of financial accountant; disadvantage
rj6tZJZ#o0 of computerised accounting system;
Zm"{V iv] Chapter 9: Internal auditor vs. internal control; internal auditor’s accountability; system audit; responsibility of external auditor; substantive test;
XYS'.6k( Chapter 10: Teeming and lading; effective internal control system to minimize fraud;
VOc8q-hK Chapter 11: Scientific management; leadership style; Blake&Mouton’s managerial grid
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Q5N Chapter 12: Tuckman’s team development; Belbin’s team roles; difference between group and team;
0O\SU"bP Chapter 13: Herzberg’s Two-factor theory; Vroom’s equation;
R+nMy=I%8 Chapter 14: Communication pattern; lateral communication; mentor (vs. counseller vs. instructor)
neXeAU Chapter 15: Competence testing;
UA4J>1 i Chapter 16: Indirect discrimination;
JC}f-%H?K Chapter 17: Role playing exercises
Nc:({@I Chapter 18: Tell and listen approach in appraisal interview
y"6y! Reporting on the 2009-12 F2
!L;\cl Syllabus考点:
<V7>?U l A The nature and purpose of cost and management accounting
"V>R9dO{"! 1. Accounting for management
`((Yc]:7 2. Cost and management accounting versus financial accounting
lz?;#U B Cost classification, behavior and purpose
~6pr0uyO` 1. Production and non-production costs
%&->%U|' 2. Direct indirect costs
Mmo6MZ^ 3. Fixed and variable costs
FuUD 61JHY C Business mathematics and computer spreadsheets
%.<H=!$ 1. Dealing with uncertainty
kloR#?8A 2. Statistics for business
]c<qM_HWg 3. Use of computer spreadsheets
_(d.!qGz D Cost accounting techniques
@WQK>-=(3 1. Accounting for materials
~_9n .C 2. Accounting for labor
EyI}{6~F 3. Accounting for overheads
P7 ]z 4. Marginal and absorption costing
oT{@_U{*J 5. Job and batch costing
$xOI 1|d 6. Process costing
kdxz ! 7. Service costing
],ZzI E Budgeting and standard costing
kM'"4[,nz 1. Nature and purpose of budgeting
UWZa|I~:J 2. Functional budgets
&O)&k 3. Flexible budgets and standard
:d0Y%vl 4. Basic variance analysis under absorption and marginal costing
RbGJ)K! 5. Reconciliation of budgeted profit to actual profit
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g?1-|Tj F Decision-making techniques
QDTBWM% 1. Cost-volume-profit analysis
'qArf 2. Relevant costing
X*g(q0N<S 3. Limiting factors
7_wJpTz F2考试继续用两小时的时间对于上述考点进行测试,具体形式有机考和必考两种。上述考点都会在问题中涉及,包括计算题和论述题,一共40道2分题,10道一分题。F2考试的及格线是50分。
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W F2的2009年12月试题基本和官方发布的pilot paper 相似,偏重计算,而且计算的难度每一年都在提高,在
ACCA的错误率统计中,不难发现F2 的考试最容易失分的仍然是概念混淆导致的计算错误。比如:Joint costs的分摊问题,仍然有同学用sales volume x selling price来分配联合成本。F2是基于对概念的理解,整个成本的确认了解后的计算为主的考试,只会计算不一定会有高分。
!PMU O\y F2的计算题的难点主要集中在PART D&E 中,absorption costing 和 marginal costing 计算, processing costing 计算 process account ( work in process and finished goods), Variance 计算和调整是考生最难掌握的,在f2考试中占得分值是40%以上。
o7TN,([W F2的图形题和概念题主要集中在Part A &B中,考生的通过率是比较高的,这种类型题目在考试中只占总分的30左右。
Gy,u^lkk: 针对Part F,是小型计算题,每种类型的计算没有太大的联系,所以掌握相对比较容易,总分值在15%-20%左右。
F$Ca;cP" 总结:
LuR,f"%2 那同学们在复习的过程中必须按照分值的分布和难点来学习才能在考试中得到理想的分数。
[3W*9j 4D$;KokZ [k[u*5hP|F F3
zf.-I 1 Exam format
4J|t?]ij|E The Financial Accounting paper is a two hour paper, it consists entirely of objective test questions and contains:40 two mark questions and 10 one mark questions
[xfaj'j=@ All questions are compulsory, questions are marked either right or wrong, there are no marks awarded for workings. The pass mark is 50%. The focus of the exam is on basic double entry skills. the ACCA are not going to release past exam papers.
h6%[q x< 2 Syllabus areas
>#}2J[2HQ z *9FlV Chapter 1-6: this six chapters are the bases for understanding later chapters. Qeustions are likely to be on limited libility company concept, business entity concept, accounting regulation, accounting information characteristics, etc.
S2C]?6cTq Chapter 7: Calculation of receivables balance where both a trade and a settlement discount were offered (VAT calculated after all discounts)
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Ed Chapter 8: cost of inventory; Valuation of closing inventory using FIFO; net realisable value
'PlaM Oy Chapter 9: cost of PPT, subsequent mesaurement including depreciation and revaluation, disposal
!umEyd@ " Chapter10: accounting treatment of research and development costs
td{O}\s7D Chapter 11: Effect of adjustments on current assets and current liabilities
Y&*x4&Lb Chapter 12: Calculation of income statement charge for the “allowance for receivables” with a write off and a reduction in the allowance brought forward
,WWj-X|+= Chapter13: Accounting treatment of provision and contingent liability
K{cbn1\,H Chapter 14: accounting treatment of all transaction affecting RLCA,PLCA,RL,PL.
rS*$rQCr= Chapter 15: Bank reconciliation
R4e&^tI@* Chapter 16,18: Correction of errors and incomplete records. These can relate to any chapter, so make sure you are familiarize with all double entries covered in F3.
8I+d)(: Chapter 17: financial statement for sole traders, preparing the whole statements are not examined under F3
*Q}[ ]g Chapter 19: Determination of a partner’s profit share
u>.y:> Chapter 20: Accounting entries for rights issues and bonus issues;
!OcENV Chapter 21: Components of a statement of financial position, statement of comprehensive income statement, statement of changes in equity.
M R'o{?{e` Statement 22: identify adjusting and non-adjusting events
=y%rG :! Statement 23: componets of cash flows, cash flows calculation
X6RQqen3: ACCA F4 CORPORATE AND BUSINESS LAW
8cm@a*2% Analysis for December 2009 exam
?4z8)E9Ju Lecturer: Calvin Ruan
!q4x~G0d Q1-Statutory Interpretation
},+~F8B 本题属于Part A, 符合历年出题惯例。该知识点属于非重点知识,从新大纲实行起几乎从未考过。但正因为极少考到,根据ACCA考试出题规律,此知识点在09年12月份考试中出现的概率非常大。因此,BPP mock exam中特意将此知识点作为第一题列示。在我考前最后一份复习提纲中也有明确指出。在10年6月再次考察该知识点的概率非常小。
VjbG(nB?_ Q2-Postal rule and the doctrine of Privity
+&ZX$ 本题属于Part B,符合历年出题惯例。第一小题考查postal rule的知识,属于acceptance概念下非常重要的一个考点。历年考题多有涉及,但主要以案例题为主。学员应对其定义,适用情况及例外事项有充分理解。第二小题属于Part B中的非重点知识,在07年12月份时考过一次,内容较为简单。同样在10年6月考察该知识点的概率非常小。
V/"}ku Q3-Liquidated damages, penalty clauses and mitigating losses
~!+ _[uJ 本题属于Part B,连同Q2,Q4和Q8,本次考试中共有4题涉及到Part B的知识,说明Part B仍然是F4考试中的重点章节。第一小题考查Liquidated damages与penalty clauses之间的区别,答题时应重点关注二者目的上的不同及其法律效应。第二小题考查mitigating losses,内容较为简单,学员理解即可答题。如果能记得案例则能保证不失分。
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:DkAQ-<~ 本题属于Part B,该知识点考察次数较少。但是从未来的实际知识应用角度出发,此类题目具有非常大的指导作用。建议在未来的考试中重点关注。有关Auditor的知识在本书中三个地方有所涉及:1. Professional negligence, 2.Company officer, 3.Corporate governance. 未来ACCA的出题趋势是加强章节之间的联系,这种在书中多处出现的知识点很有可能成为未来综合题的出题点。与该知识点相类似的还有Director有关的知识点。预计未来考试中这类考题将多次出现!
_qWC4NMF( Q5-Company
}Ia 0"J4 本题属于Part D,考察公司所有制结构。本考点属于重点知识,在历年考试中多有涉及。但此类考点大多数属于背诵知识点,在未来考试中仍将以概念题为主要查考方式,基本不会出案例题。对于此类枯燥乏味的题目,需要求学员刻苦背诵。鉴于在Part D中仍有大量重要考点,在10年6月考试中再次出现该知识点的概率不大。
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VY'Q|[ 本题属于Part G,第一小题考察company winding up的形式,属于本部分重点内容,学员除掌握基本概念之外,还应该能对比compulsory winding up vs. voluntary winding up.此题考查较为简单。第二小题属于非重点内容,要求背诵,历年考题很少涉及。未来再次出现该考点的可能性非常小。
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Q7-Employers vs. Employees
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)d1q(~ 本题属于Part C,由于该部分考点较集中,因此此题并不出人意料。除了此考点之外,该部分还要注意employee vs. self-employed的区别。在未来考试中这两个考点仍然很有可能出现,很有可能是以案例题的形式出现。
ErbSl Q8-Exclusion clause
|V`S>m%N 本题属于Part B, 该考点在多次考试中均有涉及。属于该部分重点内容,学员需要对定义,应用及案例有充分理解。建议学员多参考教材和笔记中的案例深刻理解。未来考试中仍有可能出现,且该部分内容非常灵活,会出现多种变种题型,需要多加留意。
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) Q9-Duty of director
.Gb+\E{M 本题属于Part F,该考点属于重点考点,多次考试中均有涉及。如第四题分析中提到的一样,未来关于director的考题很有可能成为重点。这类考题可能综合多部分知识进行考察,学员应具有发散思维,考虑到可能考察的方方面面才能够将这类题目回答完整。否则很有可能因为偏题或回答不完整大量失分。
;?IT)sNY Q10-Wrongful trading and fraudulent trading
3@5p"X 本题属于Part G,在近年考试中已经出现明显的趋势。Insider dealing, Money laundering, wrongful trading and fraudulent trading三个考点轮流出现的情况已经持续多年。07年6月是wrongful trading and fraudulent trading,08年6月是Insider dealing, 09年6月是Insider dealing和Money laundering。因此在10年6月再次出现相关考题的概率非常大,需要重点关注。
/N^~U&7 Summary
qeaA&(|5 总览全卷,除少数部分题目略显冷门外,大部分内容仍然符合重点章节的出题惯例。Part B的仍然是最重点章节。在未来考试中仍然将占据2题以上的份额。另外对于在书中多个地方出现的知识点,考察综合运用能力的题目也将成为未来的主流,值得关注。学员在吸取此次考试经验教训的同时,需要特别注意以下几点:
i(HByI 1. 熟练掌握重点章节
m/USC'U% 2. 对非重点知识有一定程度理解。
J(h3]J/Yw 3. 记忆案例并熟练运用
P#G.lft"O 4. 熟悉考试答题技巧,提高英语答题能力
zp=!8Av Paper F5 Performance Management
C|z%P}u#p Now, you have two months to prepare the exam of Paper F5, Performance Management in this exam session,. I guess most of the candidates have already learnt more than half of the syllabus. I know you may feel a little worried, as this paper should be the first paper for you to write the answer in English. Don’t worry, you still have sufficient time to review, to prepare and to gain good marks in this examination.
!Qu PG/=X What was examined in last paper?
y7zkAXhJ You know that, there will not be huge changes in the syllabus of such a management subject. No law, no rule, no policy. We need common sense, we need management skills, we need the broad thinking, we need the excellent expression. Therefore, we could learn and predict the exam paper from past examinations.
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T,2sd In the exam session of December 2009, the paper has covered all the five parts of the syllabus.
{^&@gkYY 1) Specialist cost and management accounting techniques. We had question 2 (a)(b).The candidates were required to calculate the target cost using learning curve and cost calculation, also discuss how the cost gap may be closed.
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*n>dH 2) Decision Making Techniques. Question 5. The examiner asked you to make a decision whether to cease the production using relevant costing theory. Then you had to explain two pricing strategies and describe the issues to consider about outsourcing.
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E_n 3) Budgeting. Question 2(a)(c), using learning curve to forecast the cost. In question 3, the examiner required you to calculate the expected output using very easy time series method, no adjustment of seasonal variation, just straightforward trend equation. Then you were asked to split of the operation costs into variable and fixed elements using regression analysis and allowing for inflation. Last question, discussed on the incremental budgeting techniques.
z] @W[MHY 4) Standard costing and Variance Analysis. Question 1, the candidates were required to calculate the basic material price and usage variances in (a), these are the knowledge you had learned in Paper F2. Then, further analysis into the planning and operating variances. (c) is a straightforward discussion of the production manager’s performance.
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1Rb 5) Performance Measurement and control. Question 4. Assessment of financial performance, calculation of some KPI’s. Assessment of quality of service provided and risks associated with current policies.
RR>G]#k What will be examined in this paper?
<jd/t19DB 1) Specialist cost and management accounting techniques. Activity Based Costing, Life Cycle Costing, Throughput accounting and back – flush accounting. As ABC was examined regularly, but you still can not ignore it, especially calculation part. Life cycle and back-flush, you may focus on the main ideas about the theory, the discussion parts. Pay attention to back-flush, as it has not been examined yet. Throughput accounting, please make sure you understand the theory and calculation of this method. It could be tested this time.
B.-A $/ 2) Decision Making Techniques. All the pricing strategies, especially for the new product to launch into the market. Do not neglect areas such as relevant costing as this is a very important topic that could easily be examined again soon. Also linear programming is another key area.
dl[ob,aCK 3) Budgeting. You need to prepare implications of differing budget approaches and
0B3 QVbp' their impacts on motivation. The conflict between ZBB and incremental budgeting is also likely to be explored. Numbers elements in a budgeting question could include flexed budgets or time series analysis & learning curves.
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m_,t 4) Standard costing and Variance Analysis. Standard variances and planning and operational variances; calculation and discussion, factors to consider when investigating a variance. An operating statement which included budgeted idle time has also been required.
b>q6:=(( 5) Performance management and control. Questions here could frequently focus on interpretation of performance and a discussion of financial vs non financial measures. These have featured on all papers to date. Questions could also focus on performance evaluation in the public sector so perhaps featuring calculations using the 3 Es. Alternatively they could focus on divisional performance measures such as ROI / RI and a discussion of the impact on performance of various transfer prices.
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This exam consists entirely of compulsory questions; this makes question spotting particularly dangerous. The purpose of this analysis is to highlight key areas that we would expect to be regularly tested. Use the above tips as important areas to cover but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
/GsrGX8 At last, do not forget to spend one or two days to read the articles which can be found on the website. They may tell you what the examiners are thinking and give you a guide of the exam you will face to very soon.
%{ ~>n" Wish all the good luck in your exams!
*q"G } nN{dORJlx Yue Wu
|Is'-g! Lecturer of Paper F5, Performance Management
G.VYp6)5 c2b6B.4 f4]&pcK Report on F7 Dec 09 sitting
'\4fU% 09年12月F7 Financial Reporting 的考题结构为:
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