ACCA F1 Accountant in Business Study Text & Exam Kit

ACCA has many of their learning partners who provides the best conceptual building theoretical material and exam practice questions.BPP, KAPLAN, & GTG are some the good learning material providers. The entire above are best but BPP considered superior by the most the students because of its extensive information.

All the learning material providers normally two books for the paper guide Study text in which the basics concepts and under lying theories are discussed and the other is Exam Practice Kit in which exam level practice questions are available. The students must read the study guide thoroughly and practice the exam kit vitally before the exams.

ACCA F1 Accountant in Business Working Mocks

F1 Accountant in Business in the beginning of the ACCA Fundamentals – Knowledge Level, and consist of lots of management system exists in the business environment. These systems are managed and controlled by the management of the organization by their different roles and responsibilities. In this paper the examiner will often test the students by giving those questions from every part of the exam guide, so it means that every single topic of this paper is equal in priority and hence no selective study.

When preparing for the paper candidates must revise all the topic areas and practice the exam questions as many as possible because it will give a certainty of the shape of the question that could be tested through the exam. Candidates should also practice exam mocks in proper exam conditions. Attempting mock paper in exam condition means that candidates should set their 2 hours to any of the hours in a day with their comfortable time, and attempt the mock paper in the restricted time and then check the accuracy of the questions after that they will see their weaknesses and time pitfalls, so ultimately gives pre-exam experience for F1 and will not a big deal in the real exam.

ACCA F1 Accountant in Business Practice Questions

F1 Accountant in Business is the first paper of the ACCA Fundamental – Knowledge Level. This paper is based on the basic knowledge, concepts and theories of the organizational management. In this paper the examiner will tests a candidate with management techniques commonly used in the organization and specific focus on the role of the accountant in the business environment. The Paper consists of 50 MCQ’s (Multiple Choice Questions) each carrying 2 marks. The paper can be attempted VIA CBE – Computer based Exam by most of the candidates. The paper can also be attempted manually in June and December attempt only although the CBE exam can be attempted any month of the year.

As said earlier that this paper contains 50 questions each with 2 marks, so candidates must consider practicing exam level question as more as possible. Practice question can be acquired by the ACCA website or some their learning partners who provides complete questions relevant to the ACCA F1 and their solutions. One thing while practicing ACCA F1 practice questions that the candidates should consider is do not move to the solutions until you have complete the answer in full, this will weaker the concepts and makes candidates under-prepared for the some of the questions.

ICAP ordered to Cease Recruiting ACCA in Pakistan

ICAP – Institute of Chartered Accountants of Pakistan recently issued a notice to accountancy and audit firms in Pakistan not to recruit employees with international accountancy bodies, Foreign accountancy bodies including ACCA, CIMA and ICAEW. This creates a strong negative impact on the foreign accountancy bodies’ students in Pakistan against the unfair decision of ICAP.

ACCA F7 Statements of Cash Flows

ACCA Paper F7 Financial Reporting; Statements of Cash Flows generally examined in Question 3. This will composed of either Cash Flow Statements or Financial Assessment of the Company, or combination of both.

A Cash Flow Question will base on financial statements, Statement of Comprehensive Income & Statement of Financial position. In a Typical question SOCI & SOFP will be given with some relevant information and you are required to prepare Statement of Cash Flows for the year end.

Workings you are required to do are; Tax computations, Dividend Paid, Shares Issued, Increase / decrease in working Capital i.e. Inventory, Trade Receivables and Trade Payable. Statement of Cash Flows comprises of three main activities; Operating Activities, Investing Activities & Financing Activities.

Operating Activities involves cash generated from operations.

Investing Activities associated with sale & purchase of Non-Current assets.

Financing Activities are concerned with Investments and Equity Movement.

Relevant to ACCA BSc Hons Degree

As ACCA with partnered with Oxford Brooks University OBU gives you an opportunity to convert all your skills and knowledge into a BS Degree. In this program you are required to complete all the ACCA Fundamental Level Papers i.e F1 - F9, complete the Research Analysis Project (RAP) and submit to the OBU, once you have successfully passed your RAP then you will be awarded the Oxford Brook's BS (hons) in Applied Accounting Degree. The Grades of degree will vary with the marks gained in your Rap and ACCA Fundamental Papers. Have a look at How to Complete BS Hons Degree with ACCA.

ACCA Paper F6 Exam Kit Applicable for 2012

As you all know in F6 Taxation ACCA exam June 2012 attempt the Finance Act is changed to 2011. So you will be suggested to follow new Exam kit considering new Finance Act 2011 Questions. There is lots of changing to the courses. The main Changes includes P.A (Personal Allowance) which are material and are not negligible to the June 2012 Attempt.

ACCA Paper F5 Exam Kit Applicable for 2012

As you all know ACCA paper F5 Performance Management is the core cost accounting paper in the whole ACCA qualification and requires more hard work to pass at the first attempt. F5 Performance Management Paper always divided into five sections in the costing. First section consists of basic cost accounting techniques which are brought forward from the previous knowledge level paper F2 Management Accounting. You can practice lot of question from the past questions and as well as exam kit.

Important Tips to Remember in ACCA Exams

Whenever you sit in ACCA Exams it’s very important to make sure that you are confident enough to fight against the exam with your 100 percent. The question in here is that how you will get that confidence. Well the most of the students said they dropped their exams because the ineffective time management. This is the cause that sometimes lead you the failure in the exams. Thus there is another problem arrives that how to manage your exam in that way that you complete 100 percent paper at the end of the exam. There is only tips to control your ACCA exam time is that practice higher the practice higher the time management lower the practice lower the time management. Practicing the question make you to identify the problems which will arrives in the exams and thus you will go through those problems earlier then the exams and this will lower your chances to failure.