ACCA F1 Accountant in Business course companion

34 Pages·0.43 MB·English

PAPER F1 INTEGRATED
ACCOUNTANT IN BUSINESS
Congratulations
on choosing to begin your studies of Paper F1 with a BPP taught course!
You have made the right decision because you have at your fingertips a wealth of
support to help guide you through your studies with both BPP Professional
Education and BPP Learning Media.
Bkank
Contents
Page

How to use this Course Companion..................................................................................................................................5
Approaching your learning................................................................................................................................................6
Course Structure...............................................................................................................................................................8
Paper F1 Syllabus overview..............................................................................................................................................9
Course day 1
Overview...................................................................................................................................................................10
Home Study...............................................................................................................................................................12
Course day 2
Overview...................................................................................................................................................................16
Home Study...............................................................................................................................................................18
Course day 3
Overview...................................................................................................................................................................22
Home Study...............................................................................................................................................................24
Course day 4
Overview...................................................................................................................................................................26
Home Study...............................................................................................................................................................28
Practice, revision and rehearsal phase...........................................................................................................................30
Other BPP Learning Media products...............................................................................................................................31

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4
How to use this Course Companion
The Purpose of the Companion
In class we aim to cover the key areas of the syllabus. To ensure examination success you will need to spend private
study time reinforcing your classroom course with question practice and reviewing areas of the Course Notes. Your
Course Companion, written by subject specialists, is designed to ensure that your study time is used effectively and will
help you to:
• Prioritise your work during home study sessions
• Check your knowledge and skills at key milestones along the way
Plan your individual home study sessions
The Home Study sections of the Course Companion will guide you through the work we recommend you complete after
each day of the course. Aligned with the chapters in your Course Notes, the guidance helps you to:
• Reinforce key concepts studied in class
• Practise relevant questions to test your understanding and skills
The Course Structure provides a breakdown of the topics covered on each day of the course. This will be also be
helpful if you miss a session/ day since the topics can easily be identified and added to your home study schedule.
The Syllabus Overview diagram is a reminder of how the individual topics studied in class and at home link together to
form the complete syllabus. It is useful to review this from time to time to remind yourself of the bigger picture.
Some subjects benefit from the use of real-world examples to illustrate theories and concepts covered in the syllabus.
Your Course Notes indicate whether real-world examples are provided at the end of your Course Companion. These
examples bring topics to life and are a memorable way of absorbing information.
Checking your knowledge and skills
You have been provided with Course Tests (included with your Course Notes) that should be attempted when instructed
to do so by your tutor. These will help you to test your understanding of the syllabus and reinforce the knowledge and
techniques that you have learnt to date.
Prepare for and book your CBE
You should plan to sit your CBE within a couple of weeks of finishing your course whilst the knowledge from the course is still fresh
in your mind. In preparation use the Learning Media Practice & Revision Kit and i-Pass to test yourself on as many questions as
you can, revising from the Course Notes and Passcards any areas of the syllabus that cause you problems.
One of the criteria for Pass Assurance is that you book your CBE with BPP, so please contact your local BPP centre as early
as you can to book your CBE and good luck!
Helpline
If you have any queries during your private study contact your class tutor on the telephone number or e mail address that they
have supplied. Alternatively, call [phone] (outside London) or [phone] (London) and ask for a tutor
for this paper to speak to you or call you back within 24 hours.
5
Approaching your learning
Take a few minutes to think about previous studying you have done and how you learn best. Do you make your own notes,
draw your own diagrams, prefer to listen to a lecturer without writing notes, discuss with a fellow student or work alone?
Many psychologists believe there are a number of learning styles – we all have a natural tendency to prefer one or more
of these styles. To maximize your learning (both in the lecture room and at home) you should use study techniques that
suit you best.
Read through the different learning styles listed and suggested learning techniques below; then try some out and
hopefully you will find some extra ways of making your learning more effective.
Do you learn in a visual/non-verbal way?
You
• Prefer to learn from diagrams on paper
• Prefer to look at notes/presentations during a lecture rather than solely listen to the lecturer
• Can often visualize a picture of something as a way of remembering it
Techniques to try
• Draw diagrams of a technique showing the logical sequential steps in separate boxes
• Colour code your notes in a way that is meaningful to you
• Use different colour pens if making your own summary notes
• Draw a mind map of a chapter or of the whole syllabus (look at www.wikipedia.com for examples)
• Create flashcards of key concepts in a diagram/chart form – keep them specific to a small topic so you
can visualize them
Do you learn in a visual/verbal way?
You
• Prefer to learn from lists of facts and written text
• Test your knowledge by writing it out
• Can often visualize a list of points as a way of remembering them
Techniques to try
• Summarise a chapter briefly in your own words on a single page so you can visualize it
• Make use of highlighters and colour coding
• Use flashcards with key words or phrases on – keep them brief for ease of visualisation
• When learning an approach write it out in a numbered list
• Use mnemonics and anagrams to help memorise a list – try www.wordsmith.org to make an anagram out
of initial letters from a list of words
6
Approaching your learning (cont)
Do you learn in an active way?
You
• Like the practical challenge of puzzles (such as flat-pack furniture)
• You prefer to try and fix something yourself before turning to the instructions
• Struggle to maintain attention in a classroom setting and get restless
• Enjoyed practical subjects at school and college
• Are always on the go
Techniques to try
• Use flashcards to memorise a technique by ordering them in the right sequence on the table in front of you
• Try to keep active in the classroom by making notes, highlighting, summarising in your own chapter
diagram and answering questions
• Sit near the front so that you are less likely to lose concentration
• Keep home study sessions short and frequent rather than attempting a single three hour session
• Alternate your home study between papers you are studying to minimize boredom
• Take Passcards or your own notes out with you so that you can learn whilst on the move rather than
sitting at a desk
Do you learn in an auditory way?
You
• Prefer to sit back and listen to speakers rather than read notes
• Like studying with music in the background
• Can remember things people have said to you better than you remember written facts
Techniques to try
• Put a list of facts to learn into a rhyme or associate the list with a rhythm
• Talk aloud when checking your understanding – pretend you are the lecturer!
• Meet up with a fellow student and talk through an area of the syllabus
• Record an audio file summarising an area of the syllabus and listen to it regularly
• Make the most of classroom discussion and group work
7
Course structure

Day Class chapters Questions
1 Business organisation and structure 1.1 – 1.5
1
2 Information technology and systems 2.1 – 2.5
3 Influences on organisational culture 3.1 – 3.5
4 Ethical considerations 4.1 – 4.5
5 Corporate governance and social responsibility 5.1 – 5.5

6 Home study – The macro-economic environment 6.1 – 6.5
2
7 The business environment 7.1 – 7.5
8 Home study – The role of accounting 8.1 – 8.5
9 Control, security and audit 9.1 – 9.5
10 Identifying and preventing fraud 10.1 – 10.5

11 Leadership and managing people 11.1 – 11.5
3
12 Individuals, groups, teams 12.1 – 12.5
13 Motivating individuals and groups 13.1 – 13.5
14 Personal effectiveness and communication 14.1 – 14.5

15 Recruitment and selection 15.1 – 15.5
4
16 Diversity and equal opportunities 16.1 – 16.5
17 Training and development 17.1 – 17.5
18 Performance appraisal 18.1 – 18.5

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Paper F1 syllabus overview
Structures of
organisations
Structure & IT & Systems
management

Influence of Culture
Business
organisation
Ethical
Considerations
Corporate
Governance
Environmental Macro-economic
influences & environment
constraints
Business
Environment
Role of
Accounting in Accounting
Accounting in
Business (F1)
Business Identifying &
Control, Security Preventing Fraud
& Audit
Leadership &
Managing People
Individuals Groups
& Teams
People
Management
Motivating
Individuals &
Groups
People in
Business Diversity & Equal
Opportunities
Personal
Effectiveness &
Communication
People Recruitment &
Development Selection
Training &
Developments
Performance
Appraisal
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Overview – day 1
Structures of
organisations

Structure & IT & Systems
management

Influence of Culture
Business
organisation
Ethical
Considerations
Corporate
Governance
Environmental Macro-economic
influences & environment
constraints
Business
Environment
Role of
Accounting in Accounting
Accounting in
Business (F1)
Business Identifying &
Control, Security Preventing Fraud
& Audit
Leadership &
Managing People
Individuals Groups
& Teams
People
Management
Motivating
Individuals &
Groups
People in
Business Diversity & Equal
Opportunities
Personal
Effectiveness &
Communication
People Recruitment &
Development Selection
Training &
Developments
Performance
Appraisal
10