ACCA Advanced Financial Management (AFM)

Previously known as P4 ¬ ACCA AFM Syllabus

Books & Revision Kits

AFM Study Notes

AFM Pass Rate

Dec 2018	March 2019	Jun 2019	Sep 2019	Dec 2019
41%	35%	38%	38%	33%

ACCA Strategic Business Reporting (SBR)

Previously known as P2 ¬ SBR ACCA Notes

Books & Revision Kits

Kaplan SBR Study Text

SBR Pass Rate

Dec 2018	March 2019	Jun 2019	Sep 2019	Dec 2019
47%	49%	48%	52%	48%

ACCA UK Taxation TX

Previously known as F6 ¬ TX ACCA Syllabus

Books & Revision Kits

ACCA TX Syllabus 2021 – UK Taxation

Individual & Corporate Tax calculations
The UK tax system and its administration
Income Tax and NIC liabilities
The chargeable gain for individuals
Inheritance tax
Corporation tax liabilities
VAT

Paper Pattern

Section A: 15 objective questions. 2 Marks each (30Marks)
Section B: 3 OT Questions, Each question contains 5 MCQs (30Marks)
Total 3 Questions (40Marks)
- One question of 10 Marks
- Two questions of 15 Marks

ACCA Member acca qualification — Journey of ACCA Members

How to Prepare TX Paper

This paper considers an easy paper for ACCA
TX paper contains a lot of small-small rules, sometimes which are hard to remember, this makes TX paper difficult
So the best way is to do practice questions daily from different topics
For example
- On Monday attempt questions from individual tax calculation
- Tuesday attempt question from Corporate tax
- On Wednesday attempted question from NIC
- Thursday question from Vat
- And so on
So if you are doing the practice of TX as told above, Believe me, you are on the way to this paper very easily, Because you are continuously revising all the small-small rules on daily basis, which are hard to remember otherwise
Time Management: This is a very common problem with most students, On the day of the exam they were unable to complete their papers because they are unable to manage their time
So to make sure you are not going to face time Management issues on the exam day, Do practice questions by allocating time to each question
For example, when you are going to solve the question of VAT, do promise yourself that you have 30 Minutes only and set a timer on your mobile, and exactly after 30Minuts check the progress of your question, if you still solving the question after 30 minutes, then you need to improve your speed, so by doing this you can avoid Time Management issue on the Exam day

Tx Pass Rate

Dec 2017	Jun 2018	Dec 2018	Jun 2018	Dec 2019
51%	50%	51%	52%	49%

ACCA FM Syllabus 2023 (Financial Management)

ACCA Financial Management (FM) – Previously Known as F9 ¬ ACCA FM Paper

ACCA FM Syllabus 2023

Investment Appraisal
- Basic Methods
- Taxation Method
- Specific Decision
- Risk & Uncertainty
Cost of Capital
- Cost of Equity
- Cost of debt
- Weight average cost of capital
- Capital Structure theories
Business Valuation
- Equity Valuation
- Debt Valuation
Sources of Finance
- Equity
- Debt
- Islamic Finance
- Ratio Analysis
- Dividend policy
Risk Management
- Interest Rate Management
- Foreign Currency rate management
Working Capital
- Inventory Management
- Debtor Management
- Creditor Management
- Cash Management

FM paper pattern

First of all, The final exam in which you are going to appear will include two sections

Section A: OT Questions
- 15 OT questions having 2 marks each
Section B: OT Cases
- 3 OT cases having 5 OTs in each case
Section C: 2
- Constructive response questions, 20 Marks for each question

Probably the Reason for the unsuccessful attempts of FM

Not enough practice on the past paper questions
Poor time management in the exam
Similarly Not attempting all parts of the given question
Not explaining the answer as expected by the examiner
Almost Lack sufficient knowledge about the subject area
Panic in the exam when you see something unseen on the question booklet
Many students just read the solution to questions, they don’t try to write every part of the question by themself

In FM you have to practice in 3 different types of areas,
1- Simple MCQs OR OT questions (30 Marks questions)
2-OT case- A case study will be given and related 5 questions, you need to read and understand the case study and answer the related 5 questions. (30 Marks)
3-Constructive Response area: (40 Marks)
Must Practice all areas from past papers

Therefore Remember mostly students who fails a 49, They claim that they are failed by 1 mark, This is not true, Almost you were failed by 51 Marks 🙂 Keep in mind and practice very well

FM ACCA Books & Revision Kits

FM Pass Rate

Dec 2017	Jun 2018	Dec 2018	Jun 2018	Dec 2019
48%	48%	43%	46%	43%

FM video lectures

FR

ACCA Financial Reporting (FR)

Previously Known as F7 ¬ ACCA FR Textures

Miscellaneous Topics

Petty Cash

Books & Revision Kits

FR Video lectures

Financial Reporting FR (F7) is the 7th paper of ACCA & and the advanced level of FA (F3).

ACCA FR Relation with other papers of ACCA

This paper deals with Financial accounting.

The main purpose of this paper is to build capabilities & skills in applying International Accounting Standards and theoretical framework. and interpretation of Financial Statements

Financial Statements

Statement of Financial Position (Balance sheet)
Income Statement
Statement of cash flow
statement of changes in equity
Disclosure of Financial Statements

FA is mainly a calculation-based paper- Examiner wants you to apply standers on different scenarios which are given in the exam paper

For Example, a question in the exam is from IFRS 16, So for the most problem examiner with the check, your knowledge and application of this stander as technically as He/She can.

But if you have a full grip on International Accounting Standers And IFRS, Then believe exam questions will be just a child’s play for you and you will pass this Exam Easily

FR Paper Pattern

Section A: 15 Objective Test Questions, 2 Marks each 30Marks)
Section B: 3 OT Case Questions. Each case contains 5 OT Questions (30Marks)
Section C: 2 Constructed Response Questions, 15Marks each (40 Marks)
- Interpretation of Financial Statements
- Preparation of Financial Statements (Individual or Group)

If we calculate time per mark, it’s 1.8 Minutes per mark.

So we have

54 minutes total for section A
18 Minutes for each question in section B
36 Minutes for each question in section C

Exam time allocated 3 Hours
Passing Marks 50

ACCA FR Syllabus 2023

The Conceptual and Regulatory Framework for Financial Reporting

Property Plant Equipment
Intangible Assets
Inventory
Biological Assets
Impairment of assets
Financial instrument
leasing
Provision and event after the reporting period
taxation
Reporting Financial Performance
Revenue
Government Grant
Foreign Currency transaction

FR Pass Rate

Dec 2017	Jun 2018	Dec 2018	Jun 2018	Dec 2019
49%	50%	51%	50%	46%

Also, Read
How to pass ACCA FR
ACCA Exam Tips

ACCA PM

ACCA PM Performance Management – Previously Known as F5 ¬ ACCA PM Course

ACCA PM Syllabus 2021

Absorption Costing Vs Marginal Costing

Cost Accounting
1. Activity-Based Costing
2. Target Costing
3. Life cycle costing
4. Throughput Accounting
5. Environmental Accounting
Decision-Making Techniques
1. Relevant cost analysis
2. Cost volume analysis
3. Limiting factors
4. Pricing Decisions
5. Make or buy and other short term decisions
6. Risk & Uncertainty
Budgeting
1. Budgetary systems and types of budget
2. Quantitive analysis in budgeting
3. Stander costing
4. Material mix & Yield variance
5. Sales mix & Quantity variance
6. Planning and operational variance
7. Performance analysis
Performance measurement and control
1. (PM)Performance management information systems
2. Sources of management information
3. Management reports
4. Performance analysis in private sector organizations
5. Divisional performance and transfer pricing
6. Performance analysis is not for profit Org and the public sector
7. External consideration and behavioral aspects

Introduction: Performance Management (PM) is the fifth paper of ACCA, Previously known as F5.

As well this is the advanced level paper of F2, Most topics were introduced in F2, But the testing level is high in PM(F5)

First of all, The main purpose of the paper is to build basic skills related to the Management Accounting

Also, PM is a Computer-based exam, available 4 times a year, March-June-September-December

Hence For the exam timetable: Click Here

Furthermore, Mainly this is the mixed paper of the reticle and calculation, However, the major portion consists of theory,

Also, Performance Management is considered one of the toughest papers in ACCA’s Fundamental papers, with the lowest passing rate after Audit (AA), See below the official passing rate issued by the ACCA

However, with a little bit of Management in study style, you can easily pass this paper,

In PM there are four key area

Cost Accounting area (includes ABC costing, Life cycle costing, Throughput accounting, Target costing, and Environment costing) Competitively is the easy part of this paper because just after learning you can easily calculate questions in this area
At the other end, the Decision-making technique is a tricky and difficult area (includes Relevant cost, cost volume, Limiting factor analysis, Pricing. make or buy decision, and risk and uncertainty) in this area examiner of PM wants you to explain your calculated calculation, to check your concepts and understandings about the topic
Also, the next one, Budgeting, Budgeting in Performance Management paper consider a difficult area of the paper, Most of the students are weak in budgeting because is a theoretical area and with only a few calculations, But this can be learned very easily if your concepts are clear and strong, you just need to explain what you have learned,
Also includes VARIANCE ANALYSIS, Variance analysis is a very easy topic, just a few calculations and this considers very easy marks in exams

As a result, you must cover the entire syllabus of PM, Similarly, practice past papers as much as you can as this is the key to success in exams,

Practice makes perfect

ACCA PM Paper Pattern:

Objective Test questions
1. Multiple-choice questions
2. Multiple response questions
3. Fill in the blank
4. Drop Down list
5. Drag and drop
6. Hot Spot
7. Hot area
Objective Test Case questions: Each OT case contains a group of five OT questions based on a single
scenario. These can be any combination of the single OT question types and
they are auto-marked in the same way as the single OT questions
Constructed response questions: For these question types, students produce individual written and numerical answers which they insert into blank word processing pages, blank spreadsheets, or pre-formatted templates. A number of standard word processing and spreadsheet functions are available via the menu and toolbar for students to use when responding to the question.

Section A:
- 15 Ots, each having 2 marks making a total of 30 marks
Section B:
- 3 OT Cases, each having 5 OTs making a total of 30 marks
Section c: 2CRs, each having 20 marks, each having multiple requirements making a total of 40 marks.

The total time allowed in the exam is 3 hours and 15 minutes, and you need probably perfect time management to complete the paper, this is only possible with practice and practice

So due to, details visit ACCA’s official website: Click Here

Books & Revision Kits

And most noteworthy below we sharing ACCA PM video lectures with you, Held by ACCA

PM Video Lectures

PM Pass Rate

Dec 2017	Jun 2018	Dec 2018	Jun 2018	Dec 2019
42%	38%	39%	38%	38%

ACCA SBL

ACCA SBL (Strategic Business Leader)

New Paper by merging P1 and P3 – ACCA SBL ACCA Course

ACCA SBL Introduction

How to pass SBL – Tips and Techniques

Books & Revision Kits

SBL video lectures

ACCA SBL Pass Rate

Dec 2018	March 2019	Jun 2019	Sep 2019	Dec 2019
48%	46%	51%	49%	46%

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ACCA AAA Syllabus 2023

ACCA AAA (Advanced Audit and Assurance) – Previously known as P7 – AAA, And ACCA

ACCA AAA Syllabus 2023

AAA Syllabus includes two sections

1: Audit of historical Financial Statements (All syllabus of AA)

Acceptance of Audit
Audit planning & Risk Assessment (18-24 Marks Normally in Question No 1)
Audit Evidence (20-30 Marks Normally It can be tested anywhere in the paper, in any part out of 3)
Review (Around 15 Marks in every paper)

2: Other Areas
Two sections in this area

Ethic & Practice Management. (Around 20 Marks from this area)	Other Assignments (Q3 10-20 Marks Normally)
Audit Regulation	Forensic Audit
Code of ethics	PFI
Audit Quality	Social & Environment Audit
Advertising Professional services	Audit of performance information of public sector
	Due diligence

Paper Pattern

Question 1 50 Marks Case study and can b from
- Risk (Must)
- Audit Procedure (Usual)
- Ethic (Usual)
- Any other topic from the syllabus
Question 2:
- Review and report (Must)
- Any other topic can be tested with a review
Question 3:
- Other assignments + any other topic can be tested here

Books & Revision Kits

BPP P7 PASS CARD

How to pass AAA (Tips and Tricks)

AAA video lectures

AAA Pass Rate

Dec 2018	March 2019	June 2019	Sep 2019	Dec 2019
31%	30%	31%	36%	30%

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ACCA AA Syllabus 2023

ACCA Audit and Assurance (AA)

ACCA AA Syllabus 2023

Topic-wise Notes

What is Audit?

First of all the basic means of Audit is investigations.

Another way in accounts, this word being used Audit for the examination of Financial Statements prepared by entities annually.

Balance sheet
Statement of profit and loss
Income statement
Statement of changes in equity
Statement of cash flow

Likewise, ACCA AA (F8) is a theoretical paper that Probably consists of 90% theory and 10% calculations.

In theory, the examiner tests the concepts of students by giving a situation, and students need the resolve that situation in different ways in different questions, like Analytical procedures, Tests of controls, internal controls

Also, other parts of the parts consist of calculations, Calculations of this part are probably from IAS-IFRS, like if the examiner explains the situation by referring to IFRS-16 then you should be attentive there is something wrong in the calculation of IFRS 16 which examiner wants you to correct this problem,

Furthermore, like assets are recorded correctly, Disposals are calculated in the right way, Depreciation treatments accounting according to the IFRS 16,

Similar to other accounting standers.

The main motive of the ACCA AA paper

This is to develop a basic understanding and knowledge of the audit process to give an assurance engagement to a Clint by following the Professional Regulatory Framework

However, to pass AA you need to:

Concepts regarding the audit and assurance
what are the procedures of an audit, and how does an auditor perform his audit assignments
Understand and evaluation of internal controls to assess the risk factors

Study Plan

Material for topic preparation: Any approved learning provider content along with the revision notes.

Material for Question practice: Past exams (Any Revision Kit- The answers on the ACCA website do not reflect the changes in the accounting and auditing standards). Please use the latest Kit (for Sept 2017 exam session) for answers.

Key preparatory recommendations:
-Attempt each question first yourself
-then read the answers
-Read the answers constructively- annotate and underline the key points that you missed, commonly used terminology, etc.

ACCA AA Practice Questions Topic Wise

Topic	Questions
Assurance & Regulation	June 2015-Q5c Dec 12- Q2a,c June 12- Q1c
Accepting audit engagements	Sept/Dec Hybrid 2015-Q2 a,b Dec 2013-Q4a,b June 11 Q2b
Audit planning	Sept/Dec Hybrid 2015-Q2c Sept/Dec Hybrid 2015-Q4 June 2015-Q5b
Audit planning	June 2014-Q3a Dec 2013-Q1a,b,c June 2013-Q3 ( Ratios)
Audit planning	Dec 2012-Q3a,b Dec 2010-Q3 ( Ratios)
ICS-Sales	Dec 2014-Q5a Dec 2013-Q3 June 11- Q1a,c
ICS-purchases	June 2015-Q4 June 2013-Q1b,c Dec 10- Q1a,b, Q4b
ICS-payroll	Sept/Dec Hybrid 2015-Q5 a,b June 2014-Q1a,b Dec 2011- Q1a
Other IC topics	June 10- Q3b June 2015-Q2 Dec 09- Q3b June 2012- Q1a
Evidence and procedures	June 12- Q4a June 11- Q3a
Substantive-Sales and trade receivables	June 2015-Q6a and Q6biii Dec 2014-Q5b
Audit procedures-Inventory	Sept/Dec Hybrid 2015-Q6a, bi Dec 2014-Q6bii June 2014-Q3b Dec 2012-Q1a,b June 2012-Q4a
Substantive-Property, Plant & Equipment And Equity	Dec 2014-Q6bi June 2013-Q4a June 2012-Q1b,c
Substantive-purchases and trade payable s	June 2015-Q6bi
Payroll	Sept/Dec Hybrid 2015-Q5c Dec 2014-Q1 June 2014-Q1c,d
Intangible assets	Sept/Dec Hybrid 2015-Q6bii
Bank	June 2015-Q6bii June 2013-Q1d
Remuneration	June 2014-Q3c
Relying on work of others	Dec 2014-Q6a
Substantive practice	Dec 2013-Q1d Dec 2012-Q4b June 2012-Q4b
Fraud, Laws & regulations	June 2015-Q5a Dec 12- Q2b June 12- Q3a
Audit documentation	June 12- Q4c June 11- Q2a
CAATs	Dec 10- Q2c
Sampling	Dec 2012-Q1c June 12- Q2b
Going concern review	Sept/Dec Hybrid 2015-Q3 June 2014-Q5a,b,c June 2012-Q5a,b,c
Subsequent events review, overall review	Dec 2011-Q5a, bi, and bii Dec 2008-Q5 June 2013-Q1a Dec 2010-Q5a,b
Audit opinion & report	Sept/Dec Hybrid 2015-Q6c June 2015-Q3 Dec 2014-Q4 Dec 2014-Q6c June 2014-Q5d
Audit opinion & report	June 2013-Q5c Dec 2012-Q5 June 2012-Q5d Dec 2011-Q5biii June 2011-Q5c
Ethics	Sept/Dec Hybrid 2015-Q1 June 2015-Q1 June 2014-Q3d Dec 2013-Q4c June 2012-Q3b,c
Corporate governance	Dec 2014-Q3
Internal audit	June 2014-Q4 June 2013-Q4b,c,d June 2013-Q5a,b Dec 2012-Q3c June 2012-Q1d,e June 2012-Q3d
Full exam paper under exam conditions ( time managed)	March/June 2016 Sept 2016 Dec 2016 March/June 2017

ACCA Audit and Assurance Topic-wise questions for practice, To help out students we are providing you this list, so when students learn one topic they can practice its relevant question to get a full grip on that topic

How to Pass ACCA AA

AA Video Lectures

Books & Revision Kits

AA Pass Rate

Dec 2017	Jun 2018	Dec 2018	Jun 2018	Dec 2019
40%	40%	38%	39%	38%

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Previously Known as F8

ACCA Strategic Business Leader (SBL) Introducation

Strategic Business Leader (SBL)

An innovative case study examination

Integrated technical, ethical, and professional skills.

Paper Structure ACCA Strategic Business Leader

4-hour duration allowed (240 minutes)
100 marks, 80 for application of technical content, and 20 for professional skills
50 marks to pass
12-15 pages of case study information
All questions are based on the same scenario
The emphasis is on a combination of technical and professional skills

The skills and expertise you’ll need

A successful student should:

bring forward the skill and knowledge from earlier learning and exam in the context of acting as a strategic business leader
take a board interest in their day to day work, undertake wider reading, and develop business acumen in order to apply this to the scenario given
demonstrate their technical skills in a practical context, professionalism, and professional skills
show the ability to access, interpret and synthesize the scenario and other information to provide appropriate solutions to the tasks required.

SBL Strategic Business Leader ACCA — SBL Strategic Business Leader

1.1 Being Leader

As a leader, you are expected to be able to analyze a business situation and provide and implement an appropriate, effective and sustainable solution. This Means that can

be clear and focused, identifying the key issues in any situation
analyze and address ethical concerns
use technical principles and quantitative study to move out key issues, confirm causality and integrate a broad range of circumstances into a coherent argument
make recommendations that meet the needs of users and ‘are fit for purpose.

1.2 Thinking Strategically

Having a strategic perspective means that you can do the following:

Take a long-term perspective.
Look at the whole organization as well as individual products/divisions/ SBUs.
Set the selection of the whole organization and integrate its activities.
Consider the views of all stakeholders, not just shareholders.
Analyze the organization’s resources and define resource requirements
Relate the organization to its environment.
Look at gaining a sustainable competitive advantage.