ACCA P7 Key Examinable Areas for December 2014 .
Note :These tips should only be used in along with proper studying.Please also read all the Examiner’s Articles which are available on the ACCA Global website.
Core areas (as per examiner’s approach article) likely to be examined in every paper:
Engagement planning and risk assessment (Business risk & risk of material misstatement)
Engagement procedures (or evidence)
Ethics and professional issues
Completion (matters to consider/evidence on file) and engagement reporting Current topics.
Subjects of recent articles:
IAASB Developments
Reporting on audited financial statements – significant changes proposed
Significant topics not examined for at least 18 months:
Understanding the entity
Related party transactions
Relying on the work of others including experts
Review of interim FS
Tendering
Joint audits Transnational audits
Opening balances
Subsequent events
Internal audit
Audit of social and environmental and integrated reporting
The examiner will set 5 questions, which will all have multiple elements, so it is likely that topics other than the ones noted above will be examined in the December 2014 exam.
The examiner has noted that questions will not be restricted to topic areas (e.g. question 5 will not necessarily be on audit reporting) and instead we should expect to see topics spread across a number of questions.
In addition, please note the case study questions in section A will have the requirements embedded in the question (see the article from the examiner ‘Changes in question style’). 4 professional marks will be available within one of the section A case study questions.
Finally, please note that the questions in the exam now have a fixed number of marks as follows:
Question 1: 35 , Question 2: 25 marks
Questions 3 to 5: 20 marks each
Note :These tips should only be used in along with proper studying.Please also read all the Examiner’s Articles which are available on the ACCA Global website.
Core areas (as per examiner’s approach article) likely to be examined in every paper:
Engagement planning and risk assessment (Business risk & risk of material misstatement)
Engagement procedures (or evidence)
Ethics and professional issues
Completion (matters to consider/evidence on file) and engagement reporting Current topics.
Subjects of recent articles:
IAASB Developments
Reporting on audited financial statements – significant changes proposed
Significant topics not examined for at least 18 months:
Understanding the entity
Related party transactions
Relying on the work of others including experts
Review of interim FS
Tendering
Joint audits Transnational audits
Opening balances
Subsequent events
Internal audit
Audit of social and environmental and integrated reporting
The examiner will set 5 questions, which will all have multiple elements, so it is likely that topics other than the ones noted above will be examined in the December 2014 exam.
The examiner has noted that questions will not be restricted to topic areas (e.g. question 5 will not necessarily be on audit reporting) and instead we should expect to see topics spread across a number of questions.
In addition, please note the case study questions in section A will have the requirements embedded in the question (see the article from the examiner ‘Changes in question style’). 4 professional marks will be available within one of the section A case study questions.
Finally, please note that the questions in the exam now have a fixed number of marks as follows:
Question 1: 35 , Question 2: 25 marks
Questions 3 to 5: 20 marks each
No comments :
Post a Comment