The best technique to be used to Pass F7

In F7 (Financial Reporting) paper, there is a limited time with lots of adjustments. You must have to apply the IFRS's(International Financial Reporting Standards) to the scenario question, and must have strong grip on underlying concepts and theories of IFRS's. This is all that you have to do to pass F7 easily. But how could you do this? The Answer is very simple that you have to employ a good technique to achieve all above, which I am going to tell you to pass this exam.

F7 consists of five questions based on 90% scenario and approximately 10% theory. The key area are IFRS's which you should have to know what they are telling to do. So you must have to read every IAS or IFRS which are examinable in F7. You can find these in ACCA study guide and study texts. After you know which standards are going to be tested, you must understand their objectives, scope and definitions of specific concepts. This will create ground understanding of the standards.

However, understanding IAS's and IFRS's alone is not getting you to pass because F7 requires you to apply these standards to scenario questions. You must have to know what you have learn from the standards and how it is going to be applied in the situation stated in the exam question. This would be the hardest part to learn. So it requires knowledge as well as strong analysis of the given situation.

The technique would be very simple if you manage to employe it effectively. After learning the standards, you must practice the exam topical questions. For example, If you have learned IAS 16 Property, plant and Equipment then must have to practice questions specific to IAS 16. Once you learned all the standards and practice their question, now you will be able to tackle the full fledge question which will be asked in the exam. Note that practice is the key to complete this paper in limited time constraint and to apply standards in scenario questions.

How you will pass F4 by following 3 Steps

I might be wrong, but F4 (Corporate and Business Law) paper has been claimed as difficult by many students. But if you follow 3 easy steps that I will be telling you, you will pass this exam without any extensive work. However, many students has passed F4 at their first attempt and got attractive mark. So what did they do actually with this paper? The secret will be revealed now.

First of all, Read the study text thoroughly and be comfortable with Law vocabulary used in the text. This will build your basic concept for the paper. I would not say that you read this text again and again, but once is good. Now, you will be able to understand the law.

The second step would be hard. You will need to remember case names and relate them with topics. This needs some time and little bit of hard work. But once you are done with this, Now you can easily write them in your own words. Remember that rote learning is not the key to pass the exam. However, to some extent it works like learning definitions and cases facts.

The last and final step is practicing exam kit. As more the questions you practice more will be the quality of your text. Remember that ACCA will not mark your paper against quantity, but they mark paper with quality of text. After following these steps I assure you that you will pass this exam with great margin.

How can you get Admission in MBA in NUST after F9

It would be a plus if you have a Masters degree as with ACCA. As you all know, ACCA is partnered with OBU(Oxford Brookes University) to gain Bsc (Hons) in Applied accounting degree. This will be a great opportunity for who joined ACCA before graduation or from different entry routes like CAT, FIA or AFD. Pakistan recognizes this degree and you can apply for any university for Masters program. Despite of this you will have to pass some of their requirements like interviews to get admission

After passing F1 - F9, you can get Bsc Hons degree awarded by OBU by completing the research analysis project (RAP) given by OBU. After, You can Apply to any well recognized university for your higher level qualification. But remember that NUST(National University of Science and Technology) is very highly profiled university. They will require many other formalities before giving admission to MBA like interviews. However, if you pass all 14 papers of ACCA and complete professional experience requirement, you will be awarded M.COM degree(University of Punjab) from HEC. As HEC (Higher Education Commission) of Pakistan recognized ACCA as equivalent to Masters of Commerce.

It is however very difficult to study MBA and ACCA together as both are professional studies and needs time and commitment. But I must say this will be a great opportunity to sound your C.V as higher will be the certificates or degrees higher the achievements and ultimately success.

A week before ACCA exam a Nightmare

"I've studied in the last week of the exam and got reasonable marks" This is often heard by many students whom I know. Is this really works?

I've been studying ACCA for last 1.5 years approximately, and learn every day. Generally, I couldn't say that studying ACCA exam just before one week is a good strategy, but I can assure you that last days of exam has big influence in exam.

So, As far as passing the exam is concerned, practicing exam question are in the first priority. However, understanding critical underlying knowledge has also its own importance, because in ACCA exam you are required to assess the cases and analyse the data. Though only number crunching couldn't do well alone.

So far, what I've learned is time, commitment and a sound exam technique has very much important to pass the exam, and these all require time.

On the other hand, In the last days of exam, Where all of us are struggling hard to pass the exam, Learning appropriate exam technique would be very beneficial. Therefore, knowing the exam tits and tats in the last days would yield more.

ACCA Paper fee for 2013 & 2014 (Revised)

ACCA has introduced its paper fee as effective in December 2013 and June 2014 exam sittings. These should be paid to ACCA as per ACCA deadlines for early, standard and late payment. You may pay by logging in to your myACCA account along with the selection of papers.

Deadlines

The deadline for early payment for December 2013 attempt is 8th September 2013, for standard payment is 9th September 2013 to 8 October 2013 and for late payment is 9th October 2013 to 8th November 2013, Though the deadline for early payment for June 2014 attempt is 8th March 2014, for standard payment is 9th March 2014 to 8th April 2014 and for late payment is 9th April 2014 to 8th May 2014.

Knowledge Level F1 - F3


Exam entry period     December 2013 exam         June 2014 exam

Early                                        £64                                      £69
       Standard                                 £73                                      £74
       Late                                         £224                                    £225

Skills Level F4 - F9

       Early                                         £81                                    £87
       Standard                                  £92                                    £93
       Late                                          £242                                  £245

Professional Level P1 - P3 and any two from P4, P5, P6 and P7)

      Early                                         £94                                    £100
      Standard                                  £106                                  £108
      Late                                          £259                                  £259

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.

ACCA June 2011 Examination Result

As you all know that ACCA June 2011 Examination attempt Result is going to announced on 22 August 2011. You can also opt to receive your ACCA June 2011 Exam Result Via Email, or you can also see in your myACCA account flashing your ACCA June 2011 Exam Result. You can Opt to receive your ACCA June 2011 Exam Results through Email by clicking a tick to your MyACCA account or clicking this https://www.acca-business.org and make sure that you do this by 19 August 2011 and you have submitting your valid Email Address to which ACCA June 2011 Exam Attempt Result can be sent. After you Opted to receive your ACCA June 2011 Attempt Exam Result you can expect an email sent out by ACCA at 17:00hrs BST on 22 August 2011 to all students who have registered to receive this ACCA June 2011 Exam Result Notification.Wish you Good Luck for your ACCA June 2011 Exam Result.

Complete ACCA Oxford Brooks Bsc (Hons) Applied Accounting

As you all know Oxford Brooks University (OBU) gives an opportunity partnered with ACCA to earn Bsc (Hons) in Applied Accounting. In order to gain Oxford Brooks Bsc (Hons) in Applied Accounting you will have to submit a Research Analysis Project (RAP) to OBU after completing ACCA Fundamental Skills Level Papers ie. F4 to F9 and then complete further ACCA professional ethics level not optional then submits your Research Analysis Project to Oxford Brooks. After submitting the RAP to OBU if you pass the research analysis project thesis the marks that you have obtained in ACCA Fundamentals Skills level F4 to F9 would be considered to be evaluation of OBU Bsc (Hons) in Applied Accounting. In order to gain Oxford Brooks University Bsc (Hons)  in Applied Accounting you are required to pay RAP fee £100 for period 1 and £115 for period 2. Oxford Brooks University Project for ACCA includes the certain Transferable capabilities which are required to convert your knowledge into a degree.The Oxford Brooks RAP for ACCA should be sent to OBU with assessment fee in order to comply with OBU Bsc(Hons) in Applied Accounting.

Get Discount in ACCA Paper Fee

As the ACCA Announced that there will be an increase in Fee per paper in December 2011 and June 2012 attempt. This can also be seen in your myACCA account.On the Other side ACCA also provide you an opportunity  to pay earlier for December 2011 and June 2012 Attempt with Discounted Fee. In this case if you pay earlier to ACCA for December 2011 and June 2012 Exams you will have to pay Discounted Fee or otherwise you can pay with the standard payment with new Fee or you can also pay late Exam entry with late Fee Payment. It is Recommended to pay earlier to avail Discounted Exam Fee.The Fee Payment vary with 3 different Levels, Knowledge Level, Skills Level, and Professional or ethics Level.You can pay you Fee by online with your Visa, MasterCard, AMEX, Switch and Solo or Sterling bank drafts drawn on a UK bank crossed British Postal Orders, but Recommended to pay online within the minutes to save time. The Following chart will show the December 2011 and June 2012 Attempt Exam Fee Structure with Early , Standard or Late Exam Entry.

Exam level	Exam entry	December 2011	June 2012
	period	exam fee	exam fee
		(per exam)	(per exam)
Knowledge	Early	£55	£55
F1, F2 and F3	Standard	£61	£64
	Late	£183	£192
Skills	Early	£69	£69
F4, F5, F6, F7,	Standard	£76	£80
F8 and F9	Late	£198	£208
Professional	Early	£81	£81
P1, P2 and P3	Standard	£89	£94
(and any two from	Late	£211	£222
P4, P5, P6 and P7)

ACCA FIA CBE Demo Exam Questions

As you all know that ACCA Fundamentals or Knowledge Level is CBE - Computer based Exam. The Main Thing is you need to remember in order to pass the exam is more abd more practice. The More you practice your Questions the more chance to pass your exam. As ACCA new suit FIA - Foundations in Accountancy has also three CBE which are currently F1, F2 and F3 of the ACCA or equivalent to Fundamentals or Knowledge level of ACCA. In order to practice your question first of all you have to make your basic concepts strong and clear. The Other thing you need is practicing lots of questions as you can. You can use BPP or Kaplan Practice Kit questions. In Bpp or Kaplan Questions there are questions with their solutions are given but the best thing is that first you solve those questions with your own concepts within the time limit given and then go for the solutions. In the other hand you can do Online ACCA or FIA CBE Demonstration given by ACCA in order to give you more near idea for CBE Exams. The Online ACCA or FIA CBE Demo have as the real exam time limit is Max 2 hours with probably 50 MCQ's  with 2 Marks each and the total of 100 Marks Exam. The Online ACCA CBE demo has also online question correction identification for which question you submitted is correct or wrong. The Online ACCA CBE demo includes almost all the Computer based exams. Some of the Exam which are in Online ACCA or FIA CBE Demo are T1, T2, T3, and T4 for CAT Exams. TT5, TT6, and TT7 for FIA Exams and F1, F2, and F3 for ACCA candidates.

Analysis ACCA F5 Performance Management

As ACCA Skills Level Paper F5 Performance Management is considered to be very difficult paper in costing. As this Paper Required you to make computations and as well as a detailed Analysis with the figures you have computed. In order to pass you don't just have to be good in computations but as well as in-depth Analysis of those figures. ACCA Paper F5 Performance Management is a paper with costing techniques used with the analysis part. In ACCA Paper F5 Performance Management there would be 2 - 3 part of a question requiring about to 75% of the computations and 25% in-dept Analysis. So in order to Pass this Exam First time a little effort is required on the behave of you.

FIA TT5, TT6 & TT7 Practice Questions

As FIA TT5, TT6 & TT7 Exams are CBE Computer based Exam and has 50 MCQ's each with 2 Marks. The Basic Thing in CBE Exams you have to Concentrate is your Time Management and lots of Practice. Most of the 80% of the students know answers but they are reluctant to answer those questions just because of the lack of practice and in efficient time management. There would be 2 Hours for CBE Exam means 120 Minutes, Which Probably 2.4 Minutes to Solve One Question i.e 120 Mins / 50 MCQ's = 2.4 Mins Per Question. In Some Question there Would be Time Consuming Complex Computing Questions But Some Question Takes a Few Second to Attempt. In Order To make your Exam 100 % Attempted the main thing you have to remember is Time Management and Thus Lots of Question Practice.