Ftc Exam tips Part1 Papers

ACCA JUNE 2007 EXAM TIPS

Paper 1.1 PFS

(i) Company accounts

(ii) Consolidated balance sheet

(iii) Interpretation of accounts

(iv) Cash flow statements

(v) Accounting Standards and theory

(vi) Incomplete records

(vii) Partnership accounts

Paper 1.2 Financial Information for Management

The paper will consist of 25 MCQs of 2 marks each and 5 long questions of 8-12 marks each. The MCQs will vary in difficulty, but the variety will ensure that the paper reflects the syllabus. The five long questions will be a mix of (mostly) calculations and (a few) written marks. The vast majority of the marks in this paper will be for calculations.

The nine key areas of the syllabus will make up the bulk of the exam paper:

* Cost classification and behaviour.

* Material, Labour and Overhead costs.

* Absorption and Marginal Costing.

* Process Costing.

* Standard Costing (includes variances).

* CVP analysis (includes break-even).

* Pricing Methods.

* Relevant Costing

* Limiting Factors and Linear Programming

Paper 1.3 Managing People

Primary Tips:

Structure – forms of Organisational Structure

Culture – Handy and comparative theories

Motivation – Herzberg and comparative theories

Role of Management

Effective Communication Practices

Management of Diversity/Equal Opportunities

Secondary Tips:

Management and Leadership

Management by Objectives

The Learning Process – Mumford and Kolb

Recruitment and Selection