ACCA PM Video Lectures

ACCA PM Video Lectures

ACCA Performance Management

Previously known as F5

ACCA PM Video Lectures For students, for exam preparations within one week online lectures, Course Refresher in last days of the

Day 1

Day 2

Day 3

Day 4

Day 5

Performance Management is a mixed paper of Theoretical + Theory areas

Mostly Examiner focus on Theoretical Aspects of the paper, don’t try to selective study as MCQs can be from any area of PM (Performance Management),

and this paper demands practice as much as you, Practic Practic Practic. this assures your success in the,

And another thing is its also time saver in exam time if you are used to solving questions then you can solve question more quickly in Exam pressure,

ACCA PM Video Lectures will help you to refresh your course in five days, take one video daily and that day only solve questions related to that topic,

And don’ttry copy answers from any answer sheet because there is no paper to copy from you will need to solve by your self.

Students Good Luck for your exams in the coming attempt, you can Contact US if you need any kind of help for your papers, study hard

The main focus on these lectures to focus on CBE, techniques, approaches, paper style, and how to mange time


Days wise plan:

  • Day 1: Costing and Decision (Pricing & CVP)
  • Day 2: The decision making (Limiting factor, Relevant costing, Risk)
  • Day 3: Budgeting & Control
  • Day 4: Performance Management
  • Day 5: Questions and answer session

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ACCA Exam dates

acca exam dates timetable

ACCA Exam Dates and Deadlines

ACCA Exam dates for June 2020, September 2020 and December 2020 ACCA Exams Deadline

acca exam dates

Exam start times

Details of local start times can be found on the Exam Planner and will be stated on exam dockets. acca exam timetable is available to book your exam timely


September 2020

ACCA Exams Date for 7 – 11 September 2020

Monday 7 Sep 2020Tuesday 8 Sep 2020Wednesday 9 Sep 2020Thursday 10 Sep 2020Friday 11 Sep 2020
Audit and
Assurance
(AA)
Taxation (TX)Performance Management (PM)Financial
Reporting
(FR)
Financial
Management (FM)
Advanced
Audit and
Assurance (AAA)
Advanced
Taxation
(ATX)
Advanced
Performance Management (APM)
Strategic
Business
Reporting
(SBR)
Advanced
Financial
Management (AFM)
Strategic
Business
Leader
(SBL)
Technical
Role
Simulation
(TRS)
Corporate
and
Business
Law (LW)
ACCA Exam dates for September 2020
Early exam entry deadline date - 11 May 2020
Stander exam entry deadline- 27 July 2020
Late exam entry deadline - 3 August 2020

December 2020

ACCA Exams Date for 7 – 11 December 2020

Monday 7 Dec 2020Tuesday 8 Dec 2020Wednesday 9 Dec 2020Thursday 10 Dec 2020Friday 11 Dec 2020
Audit and Assurance (AA)Taxation (TX)Performance Management (PM)Financial Reporting (FR)Financial Management (FM)
Advanced Audit and Assurance (AAA)Advanced Taxation (ATX)Advanced Performance Management (APM)Strategic Business Reporting (SBR)Advanced Financial Management (AFM)
Strategic Business Leader (SBL)Technical Role Simulation (TRS)Corporate and Business Law (LW)


March 2021

ACCA Exams Date for 8 – 12 March 2021

Monday 8 March 2021Tuesday 9 March 2021Wednesday 10 March 2021Thursday 11 March 2021Friday 12 March 2021
Audit and Assurance (AA)Taxation (TX)Performance Management (PM)Financial Reporting (FR)Financial Management (FM)
Advanced Audit and Assurance (AAA)Advanced Taxation (ATX)Advanced Performance Management (APM)Strategic Business Reporting (SBR)Advanced Financial Management (AFM)
Strategic Business Leader (SBL)Technical Role Simulation (TRS)Corporate and Business Law (LW)



FAQ’s

Can i change ACCA Exam entry?

Yes, you can change or cancel exam entry before the stander entry date.
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How many times ACCA exams per year?

ACCA exams held 4 times a year, March-June-September-December

What time do ACCA exams start?

Exam time will be available on your docket, issued by ACCA.


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SBL Tips and Techniques

How to pass ACCA SBL - Tips and Techniques

How to pass SBL – Tips and Techniques

This is a technical article on how to pass SBL and SBL Tips and Techniques for students.

  1. One of the issues students face in the exams is to handle the case study in the allotted time.
  2. To handle this exam effectively and efficiently, You, must plan your paper for 40 to 50 Mins at least and then start a draft answering the answers…
  3. If you think that it is just a combo of P1 and P3 sorry folks you are absolutely wrong here. A lot of new techniques are involved in it.
  4. Another thing which makes this paper the unique it has 80 Knowledge marks and 20 Professional Marks, and if you plan that you will focus on Knowledge area and ignore the Professional marks and Strategy it is folks
  5. To get those professional marks you must work on these professional skills Communication, Commercial Acumen, Analysis, Scepticism, and Evaluation.
  6. You must know, how to Apply knowledge into the application of Scenarios
  7. Learn concepts and how to draft answers and pass this Beast paper

The Recommended approach

  • Read information in the sequence (Background, List of exhibits, task, exhibits)
  • Link tasks to exhibits when reading exhibits
  • Highlight relevant and useful information
  • Once scenario read, read requirements again
    • Be certain about what is being asked
    • Verb
    • Rule of AND
    • No professional marks if technical answer incorrect

Writing Skills in SBL Tips and Techniques

  1. Sentences should be short and to the point
  2. Each point in a separate paragraph
  3. Leave space between the paragraph
  4. include heading and subheadings but not excessively so
  5. Answer Questions in Numerical Order (Preferred)
  6. Don’t define the framework
  7. The Formate: Cant get full professional marks if formats not used correctly

Professional Marks

  • Making the most important or crucial points.
  • Only making relevant points and not including extra information or wrong or unsupported points.
  • A not repeating point already made.
  • Use short sentences
  • Use headings to break down information into the clearly identifiable section

In the words of the examiner

Time Management

250 minutes available
-40 minutes: Read the case study, plan the answer (Read all pages end to end, know where to find relevant information easily when writing)
-200minutes: individual requirements:
prepare for and answer (100 marks so 2 minutes per mark)
-allocate time for each part

Effective Reading

-No point in skimming through the paper-
no choice in the exam
-Read info in the sequence given
-Link task to exhibits when readings
exhibits
-highlight relevant and useful information

Analyzing the requirements

-Be certain about what is being asked
-No professional marks if technical answer incorrect
-Verb
-Rule of AND
-Translate into your native Language

Planning

-Plan the whole exam before answering any part of the paper because of the integrated nature of the case information.
-One requirement may directly or indirectly relate to the next one
-Can cross reference answer instead of wasting time
-Decide how many points need to be made
(1 mark for 1 point usually in SBL- another mark for the same point possibly if fully
developed)
-Use syllabus and previous knowledge when identifying points you will later write but link it to the case
-Be aware of the professional marks

Writing Skills

-Get into the character of the task
-be aware of what you are being asked to do and who they answer is for (the audience)
-Answer the requirement
-The breadth of issues (Depth of the discussion by applying syllabus knowledge to the scenario but not excessive).
-Sentences should be short and to the point (2-4 sentences for each point)
-Each point in separate paragraphs
-Include headlines and subheadings but not excessively so

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Analytical Procedures

Analytical Procedures

Analytical Procedures in Audit

In audit Analytical Procedures that seek to provide evidence as to the completeness, accuracy, and validity of the information contained in the accounting records or in the financial statements.

Analytical Procedures consists of the systematic study and comparison of relationships among elements of financial information and the investigation of significant fluctuations and variances from the expected relationship

Examples of Analytical Procedures
Examples of Analytical Procedures

Steps involved in analytical procedures

  1. Expectation: This step involves developing an expectation of what the financial information figures should be. This can be agreed through comparisons of financial information or considerations of relationships (ratio analysis).
  2. Identification: This step involves the identification of significant variations between the actual data with the expected data.
  3. Investigation of unusual variances: Once the variation has been computed, and if significant variations are found, the auditor would consult the management in order to establish explanations for the variations revealed.
  4. Performance of alternate procedures: If the auditor or the management does not find the variation reasonable, then they investigate further and perform analytical procedures to satisfy themselves.

When performing an analytical procedure, the auditor compares numbers, ratios or even non-financial information in order to identify unexpected trends or unexpected relationships, which may indicate the existence of errors.

There are many different analytical procedures including the comparisons listed below

  1. Year on year (e.g. revenue this year compared to revenue last year);
  2. To budget or forecast (e.g. actual purchases compared to budgeted purchases);
  3. To predictions made by the auditors-proof in total (e.g. auditors calculation of depreciation compared to the client’s calculation);
  4. Through industry information (e.g. client’s revenue compared to competitor’s revenue).
  5. Comparison/analysis of relationships between different elements of the financial statements ( for example gross profit compared to sales)
  6. Comparison of financial info with non-financial info ( for e.g. payroll expense matched to the number of employees)
  7. Non-financial information. For Example, sales revenue for a client from the hotel industry may be available data as to room occupancy rates basis.
Analytical procedures at various stages of audit
Analytical procedures at various stages of audit
Analytical Procedures at the
Planning stage
To assist the auditor in the planning stage the
nature, timing, and extent of other
audit procedures. Use at this stage
should add to the firm’s
understanding of the business and
identify the risky areas to which audit
resources should
be targeted.
Analytical Procedures at 
substantive testing stage
at the detailed testing stage –
in most instances analytical
procedures should be used in
conjunction with tests of detail
to achieve a particular audit
the objective in relation to specific
financial statement assertions..
Analytical Procedures at 
the Review stage
At the final review stage the
the auditor must design and perform
analytical procedures that assist
him when forming an overall
conclusion as to whether the
financial statements are consistent with the auditor’s understanding
of the entity and that all of the
audit
objectives with regard to the
financial statements have been
met.

Using Ratios

In the Paper Audit and Assurance exam, you may be asked to compute and interpret the key ratios used in analytical procedures at both the audit planning stage and when collecting audit evidence. Ratios and comparisons can be used to identify where the accounts can be wrong, and where additional auditing effort needs to be spent.

Ratio’s

Ratio Analysis Plays a key Roll to determine the business circumstance, here are few Ratios are given below.

In the examination, you will be asked to calculate and interpret the ratios used in analytical procedures at the audit planning stage and when collecting audit evidence. Ratios and comparisons can be used to identify where the accounts might be wrong or right, and where additional auditing effort should be a need to spent. 

Calculating a ratio is an easy step, divide a number by another number, the calculations are so basic that they can be calculated using a spreadsheet.

The real skill is the interpretation of results and using that information to conduct out a better audit. Saying that a ratio has increased because the top line in the calculation has increased or the bottom line decreased is rather had no point, this is simply translating the calculation into words. the interpretation is another thing. 

Gross Profit Margin: Gross profit/Sales Revenue x 100

Operating profit margin =Operating profit/Sales Revenue x 100

Return on capital employed (ROI) = Operating profit/ Capital employed x 100

Current Ratio= Current Assets/Current Liabilities

Quick ( or asset test) ratios =Current assets minus inventory/ current liabilities

Inventory holding period or Inventory days =Inventory/Cost of sales x 365

Receivable days/ Receivables collection period =Trade receivables/Sales x 365

Trade payable Days/Payables payment period =Trade payables/Cost of sales x 365

Interest cover = profit before interest/ interest

Gearing = Long-term loan finance/ equity finance x 100  The gearing ratio can also be defined 
in other words, particularly by comparing long-term loan finance to total finance.

As the gearing ratio increases so risk that the interest can’t be paid. But it is difficult to define a
‘safe’ level of gearing. an example is , a property company with properties leased to tenants will have a fairly rental income for one year. 

Such a company can probably safely sustain substantial borrowings (though it could be in trouble if interest rates increased significantly). 

A company with volatile streams of income would have to keep its gearing lower as it must ensure that they have the ability to pay interest during the lean times. 

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ACCA Exam Tips September 2020

ACCA Exam Tips
 The secrets of exam success 

Important Topics

ACCA EXAM Tips September 2020 Important Topics

PM EXAM Tips (Performance Management)

  1. Activity-Based Costing
  2. ThroughPut Accounting
  3. Variance Analysis
  4. Linear Programming
  5. CVP
  6. Pricing
  7. Risk and Uncertainty
  8. Performance Management

TX EXAM Tips (Uk Taxation)

  1. Individual Income Tax along with Partnership
  2. Corporate Tax
  3. Vat
  4. Inheritance Tax
  5. CGT

FR EXAM Tips (Finance Reporting)

  1. Consolidation
  2. Final accounts
  3. Ratio
  4. MCQ’s can be from anywhere

Questions to practice Final Accounts

  • PRICEWELL
  • XTOL
  • KANDY
  • TRIAGE

Questions to practice Consolidation

  • POLESTAR
  • PENKETH
  • PELISTAR
  • DARGENT
  • LAUREL

Important Questions to practice Ratios & Cash-flow

  • HARDY
  • PINTO
  • BENGAL
  • FUNJECT
  • MOWAIR

AA EXAM Tips (Audit and Assurance)

  1. Ethic
  2. Corporate governance
  3. Reporting
  4. Internal Controls (sales, Payroll, Purchases)
  5. Substantive Procedures (Cash cycle, revenue, and fixed asset)

FM EXAM Tips (Financial Management)

  1. Investment appraisal
  2. The weighted average cost of capital
  3. Forex
  4. Sources of Finance
  5. Working Capital

SBL EXAM Tips (Strategic Business Leader)

  1. PESTEL
  2. Porter 5 Forces
  3. Human Resources
  4. Swot Analysis
  5. SFA Model
  6. Value Chain
  7. E . business, E-Marketing
  8. BCG Matrix
  9. Financial Information
  10. Internal Controls
  11. Corporate Governance
  12. Pestel/P5F/ Str Position
  13. Swot/Tows
  14. Corporate Portfolio
  15. Growth Strategies
  16. Culture
  17. E-Business / 61/ 7P
  18. IT Risk / Security / Cloud
  19. Harmon Process Matrix
  20. Context Change
  21. Outsourcing/ shared services
  22. Financial Proj/ Analysis
  23. Stakeholder/ Mendelow
  24. Prof/ Ethical behaviour
  25. Agency / Conflict of interest
  26. NEDs/ Board Comm
  27. Family-owned business
  28. Integrated Rep/ 6 Capita

SBR EXAM Tips (Strategic Business Reporting)

  1. Consolidated cash flow statement
  2. consolidated income statement
  3. IAS 19
  4. IAS 37
  5. IFRS 8
  6. IFRS 10
  7. IFRS 16
  8. IFRS 15
  9. IFRS 13
  10. IAS 38
  11. Financial Instruments

APM EXAM Tips (Advanced Performance Management)

  1. ABC
  2. BCG Matrix
  3. Ash-ridge Model
  4. Performance management
  5. Corporate Failure
  6. HR

AAA EXAM Tips (Advanced Audit and Assurance)

  1. Business Risk and ROMM
  2. Audit Procedure
  3. Ethic and quality control
  4. Sufficiency and Appropriateness of audit evidence or matters
  5. Due Diligence
  6. Forex
  7. Audit  report (Critical appraisal or matters)
  8. Current issue ED ISA540

However ACCA Exam Tips all are the just the guesses based on research and our Experience, Please do not ignore the other areas as well

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