ACCA exam notes phần 2 doc

43 exam notes student accountant February 2004

UITF Abstract 15*Disclosure of substantial acquisitions Feb 1999

UITF Abstract 19 Tax on gains and losses on foreign

currency borrowings that hedge an

investment in a foreign enterprise Feb 1998

UITF Abstract 21 Accounting issues arising from

the proposed introduction of the Euro Mar 1998

UITF Abstract 21 Appendix Aug 1998

UITF Abstract 23 Application of the transition rules

in FRS 15 May 2000

UITF Abstract 24 Accounting for start-up costs June 2000

UITF Abstract 25 National Insurance contributions

on share option gains July 2000

UITF Abstract 27 Revision to estimates of the useful economic

life of goodwill and intangible assets Dec 2000

UITF Abstract 28 Operating lease incentives Feb 2001

UITF Abstract 29 Website development costs Feb 2001

UITF Abstract 30 Date of award to employees

of shares or rights to shares Mar 2001

UITF Abstract 31 Exchanges of businesses or other

non-monetary assets for an interest

in a subsidiary, joint venture or associate Oct 2001

UITF Abstract 32 Employee benefit trusts and other

intermediate payment arrangements Dec 2001

UITF Abstract 33 Obligations in capital instruments Feb 2002

UITF Abstract 34 Pre-contract costs May 2002

UITF Abstract 35 Death-in-service and incapacity benefits May 2002

UITF Abstract 36 Contracts for sales of capacity Mar 2003

UITF Abstract 37*Purchases and sales of own shares Oct 2003

FINANCIAL REPORTING EXPOSURE DRAFTS (FREDs),

DISCUSSION PAPERS, FINANCIAL REPORTING REVIEW PANEL

(FRRP) PRONOUNCEMENTS AND STATEMENTS

Candidates sitting Paper 3.6 are expected to be aware of the issues/

reasons which have led to the publication of a DP or FRED, indicated

as examinable in the list below, and to appreciate the main thrust of

these documents.

FINANCIAL REPORTING EXPOSURE DRAFTS (FREDs)

No Title Issue date

FRED 22 Revision of FRS 3 ‘Reporting Financial

Performance’ Dec 2000

FRED 23 Financial Instruments: Hedge Accounting May 2002

FRED 31 Share-based Payment Nov 2002

FRED 32 Disposal of Non-Current Assets and

Presentation of Discontinued Operations July 2003

FRED 24-30 and IASB Proposals to change international accounting

standards will be examined on the basis of the effect of the main

changes proposed to existing UK requirements.

FRED 24 The Effects of Changes in Foreign Exchange Rates.

Financial Reporting in Hyperinflationary

Economies May 2002

FRED 25 Related Party Disclosures May 2002

FRED 26 Earnings Per Share May 2002

FRED 27 Events After the Balance Sheet Date May 2002

FRED 29 Property, Plant and Equipment Borrowing Costs May 2002

FRED 30 Financial Instruments: Disclosure and

Presentation, Recognition and Measurement June 2002

IASB Proposals to Amend Certain International May 2002

Accounting Standards (consultation paper)

IASB Proposals on Business Combinations, Impairment Dec 2002

and Intangible Assets

DISCUSSION PAPERS AND OTHER DOCUMENTS

Title Issue date

Year-end Financial Reports: Improving communication Feb 2000

The Combined Code on Corporate Governance July 2003

Revenue recognition July 2001

IFRS 1* First-time Adoption of International Financial

Reporting Standards June 2003

FRRP PRONOUNCEMENT

Candidates sitting Paper 3.6 need to understand the role of the FRRP

which is to examine companies’ accounts to determine whether, in its

opinion, the accounts should be revised. The FRRP has reviewed the

accounts of a number of companies and students should be aware of

the comments issued by the FRRP.

APPROACH TO EXAMINING THE SYLLABUS

The examination is a three-hour paper divided into two sections. The

Study Guide provides more detailed guidance on the syllabus.

Number

of marks

Section A: 1 compulsory question 25

Section B: Choice of 3 from 4 questions (25 marks each) 75

100

PAPER 1.2 FINANCIAL INFORMATION FOR MANAGEMENT

APPROACH TO EXAMINING THE SYLLABUS

The examination is a three-hour paper in two sections. Both sections

will draw from all parts of the syllabus and will contain both

computational and discursive elements.

management accounting and

financial management papers

Professional Scheme