Fin Acc 2 Tutorial 102

177 Pages·2016·2.1 MB·English

Prepared by Anesu Daka CA (SA) (Z) 1
Commissioner Anesu Daka CA(SA)(Z)
• Chartered Accountant (South Africa);
• Professional Speaker (Toastmasters International);
• Founding & Principal Director of CAA
• Trained Facilitator of Learning
• Passionate Academic & Lecturer for Financial Accounting for
ZCTA, ITC and APC and ACCA P2&F7;
• Former IFRS specialist and L&D manager for Ernst & Young
Zimbabwe.
• Member of the ICAZ APC and Insurance APC sub-committee,
ZAPB and FRMP.
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CAA – Our Services
Chartered accountants (ICAZ) Consulting :
CTA, ITC, APC IFRS, TAX, Audit, Advisory,
ACCA & CIS
Skills and professional
Facilitated Technical Training
In-house Training on IFRS, TAX,
Audit and Financial Management
Publications
3
FAC4864
2016 Study Pack
Menu
• Administration
• Exam Study Guide
• Detailed Exam Technique
• Past Exam Analysis & 2016 Exam Scoping
• Revision of Critical Exam Content.
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CA(Z) RA
CTA
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Meaning of “Applied”
Lets say YOU are a Doctor (IFRS Consultant)
You give medical remedy/medicine
for the disease(s)- (Apply IFRS
principles to the ISSUE to get a
CONCLUSION)
You do DIAGNOSIS to a patient to
identify the disease(s) -(IFRS
Issue(s))
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APPLIED FINANCIAL ACC
• Key Areas to focus on:
– Identifying the Issue in the question (problem
diagnosis)
– Application of accounting, auditing, FinAcc and
taxation principles to reach a conclusion on the
issue identified (remedy application).
– UNDERSTANDING THE REQUIRED
– Exam technique for both theory and calculation
questions (Answering the question).
– Workings & Referencing
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APPLIED FINANCIAL ACCOUNTING
• Key Areas to focus on:
– Time management
– Layout and presentation
– Hand-writing, verbosity, clear and concise
– Recommendations/interpretations
• NB: 5 marks are allocated to: Arrangement
and layout, clarity of explanation, logical
argument and language usage.
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