Lsbf Big Book of Acca Tips

36 Pages·2014·1.02 MB·English

L S B F
BIG
Book oF
ACCA
TIPS
+ + +
TUITION REVISION QUESTION BASED DAYS EXAM EXTRAS
www.LSBF.org.uk/ACCAtips
0203 435 4643
Contents
01
Introduction
knowLedge eSSentIaLS
F1 P1
02-03 20-21
Accountant in Business Governance, Risk and Ethics
F2 P2
04-05 22-23
Management Accounting Corporate Reporting
F3 P3
06-07 24-25
Financial Accounting Business Analysis
SkILLS options
F4 P4
08-09 26-27
Corporate and Business Law Advanced Financial Management
F5 P5
10-11 28-29
Performance Management Advanced Performance Management
F6 P6
12-13 30-31
Taxation Advanced Taxation
F7 P7
14-15 32-33
Financial Reporting Advanced Audit & Assurance
F8
16-17
Audit & Assurance
F9
18-19
Financial Management
01 Introduction
INTRODUCTION
we understand that gaining your aCCa qualification is
eSSentIaLS
the key to you pursuing a successful career. So at LSBF
we try to do everything possible to ensure your exam
preparation is as effective as possible.
this book of tips is designed to give you an insight on
each individual paper from both our team of expert
tutors and the students they have guided to exam
success. our tutors also share their top revision
tips having recently reviewed the latest december
aCCa exams.
options Rob Sowerby,
Director of Professional Courses
F1 Accountant in Business 02
F1 Accountant in Business
Gain vital insight into the role of the
accountant, including the impact of
the global business environment upon
it. This module will give you a solid
understanding of the fundamental
factors in the effective management of
of an organisation.
Knowledge papers
03 F1 Accountant in Business
TUTOR TIP: Isaac Osei-Kwame
As questions are spread evenly across the learning outcomes on the study guide it is a high risk
strategy to ‘question spot’ by focusing on some topics at the exclusion of others, so try and gain a
good base knowledge of all syllabus areas.
Section B requires knowledge of academic models and management theories, very few questions can
be answered by common sense alone. Time management is crucial in this paper especially Section B.
As part of your revision, time yourself while you complete mock questions.
k n ow l e d g e
Waseem Abdool Raman Rachel Valdez
Student tip: ACCA Award winner tip:
Start revising from the very beginning of the session Do past exam questions in an exam environment.
and continue to practise on a daily basis. This will Time yourself. Remember that time is always, always
ensure that you are confident and at ease both in of the essence – not only during the actual exam, but
your exams and at work. If you want to go far in life during revision as well.
and your career, you had better start early.
www.LSBF.org.uk
F2 Management Accounting 04
F2 Management Accounting
Develop essential knowledge and an
in-depth 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.
Knowledge papers
05 F2 Management Accounting
TUTOR TIP: Brigita Petrova
Success = knowledge + speed + attention to detail.
Everything from the syllabus is examined; you need to know it all, and you need to know it well. With
an average of only 2.4 minutes available for each exam question, you need to work fast.
But make sure you read each question carefully, paying attention to each detail. Some questions tend
to be worded in a confusing manner, so ensure you are answering the question being asked, and
not the one you want.
Answer the quick questions first to gain some easy marks, increase your confidence and warm up
your brain.
k n ow l e d g e
Shahzad Ali Masood Rahim
Student tip: Student tip:
Pay close attention to the precise requirement of Do mock exams and past papers in a time-bound
each question. It’s important to understand what scenario, helping you to complete exams on time.
the examiner wants before you answer the question, Moreover, the exams kits are very helpful for
rather than realising halfway through that you have understanding how examiners want you to answer a
misinterpreted the requirement of the question. question.
www.LSBF.org.uk
F3 Financial Accounting 06
F3 Financial Accounting
Develop a clear understanding of the
fundamental principles, concepts
and regulations surrounding financial
accounting. You will become proficient
with double-entry accounting
techniques and will learn how to
prepare rudimentary financial
statements.
Knowledge papers
07 F3 Financial Accounting
TUTOR TIP: Philip Brabin
Your preparation should involve attempting both the ACCA F3 Pilot Paper (available via the ACCA
website), as well as LSBF’s F3 mock examination, sat under exam conditions. This will develop your
exam technique, which is crucial for passing professional examinations. Ensure you fully debrief your
marked scripts, focusing your remaining revision time on those areas most in need of attention.
k n ow l e d g e
Ali Abbas Shahneel Shahid
Student tip: Student tip:
Firstly, you should make sure you get ACCA approved When revising, one should quickly go through the
notes. Then I would recommend going through the chapters and make a mental image of the pages.
exam kit at least twice. In the exam itself, ensure When revising through LSBF class notes, I make an
that you don’t spend a single second more on each image of every page in my mind. In this way, all the
question than is necessary. topics can be easily recalled.
www.LSBF.org.uk
F4 Corporate and Business Law 08
F4 Corporate and Business Law
This paper will develop your knowledge
of the general legal framework, and of
specific legal areas relating to business,
recognising the need to seek further
specialist legal advice where necessary.
Skills papers