When time forbids...

For those who didn't realise,
Today is the first day in the month of MARCH.

In other words,
Progress test is in 15 days time!

F4 17th
F5 18th
F6 19th

So,it's not too late to start studying NOW!!
And good luck...haha

ACCA G1 new blog

HAPPY NEW YEAR!!

ACCA time!!

Interested to earn some pocket money til feb? Help needed for data entry and accounts billing. Contact Ms Chung 0331767763.

Ms Joyce

Paper 9

T9 - Preparing Taxation Computation
11th Dec 2007
1500 hour/3.00pm

Paper 9 Exam Tips

• Income tax computation, investment & income tax payments for self-employed
• Income from employment, NICs
• Corporation Tax calculation of losses and CGT shares computation, with reliefs/CT administration
• VAT administration and registration, tax points

Calculated tips:

• Question 1 - confirm 30m-35m tax computation
• relief
• Gratuity
• Compensation for loss of employment
• Dividend & interest (every sitting out)
• Rental
  
• Royalty
• Annuity(not out yet)
• Question 3 - is usually RPGT
  
• however, due to the fact that RPGT is not in our syllabus
• We will need to know other topics in great detail (for example, small capital expenditure tax treatment in J07)
• Confirm either Sales tax or Service tax(came out twice), (i would suggest study both)
  
• Capital allowance - Non commercial vehicle
• Residence status
• Derivation of employment income
• Witholding tax
• Badgets of trade
• Tax investigation / tax audit
  

Can't spot much as tax is just tax
do any many question

Paper 9

Loading...
15%

tomorrow morning la
hehe

Paper 8

T8 - Implementing Audit Procedures
10th Dec 2007
1500hours / 3.00pm

BPP tips:

• Regulatory framework/third parties
• Audit of balance sheet items/testing
• Accounting systems/control cycles
• Audit completion – analytical review/report qualifications

tell me bout it
the tips are way too general

or is it?

Sampled tips:

Remember, it's called 'SAMPLED' tips main resource : Study guide

reference : analysis of PYQ J04-J07

• Independence!! (J04) aka Code of ethics, Professional Conduct of ACCA
• Audit risk - application question
• Reliance on IA & expert
• Role & purpose of IA
• Factor to consider reliance
• Concept of True and fair view
• concept of 'reasonable assurance'
• Audit programmes
• role
• adv & disadv
• Current file & permanent file
• Purpose
• Content (know 4 examples)
• Outline Quality control procedure(extra notes)
  
• Importance of internal control to auditors
• IC III
• Distinguish application controls & general controls
• examples
• outline control problems in small computer-based system
• Purpose of Test of Control(TOC)
• Distinguish TOC & substantive procedure(extra notes)
• Learn to write examples of TOC & SP - 98% will be ask but don't know which topic in particular including control obj and activities
  
• Factors affecting sample size
• Letter of representation (didn't come out for a long time)
• purpose
• content
• provide examples
• Balance sheet audit (this is where the problem starts)
• many of the balance sheet audit has not come out
• INVENTORIES(didn't come out 4 sittings)
  
• Audit procedure (b4,after and during inventory count)
• extent auditor can rely on system
• Non-current asset
• Going Concern (4 sittings not out - can hit you hard with 25m - ie:J05)
• Receivables
• Circularlisation
• Bad debt
• Do the past year question before J04 - very useful!!
  

having hard time doing "audit planning"
too many tiny topics to focus on
therefore, examiner expect us to know every part of the syllabus
as anything and everything can be tested

Thank you Thank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank youThank you a zillion trillion billion million thanks will never be enough for all you determination!! Thank you

Enjoy your birthday present!!

Do max past year question!!
All the BEST!
*ANGELS FLYING WITH YOU AS YOU DO T8 !!*