James Yu之ACCA考试经验分享

More emphasis will be placed on the Statement of Principles/Framework.. GBR students will be expected to have a great knowledge of differences between UK standards and IFRS. Developments in financial reporting such as different methods of communication financial information will become increasingly important.

Over recent diets candidates have performed quite well on question 1 but have struggled with the discursive questions where technical knowledge has been required. An exception to this has been question 5 which has generally been a discursive question without the need for technical input. Questions will continue to be asked where candidates are expected to discuss and adjust financial statements but recent diets have proven that candidates have struggled with this type of question.

Slide 4

Candidate often answer the question they would like to have been set. Many students simply do not write sufficient to pass neither do they relate the number of marks to the amount that they should write. If candidates understood the basic principle of group accounts, the Framework and the key standards they would stand an excellent chance of passing. Very few candidates seem to have an in depth understanding of the subject.

Slide 5

Candidates’ performance seems to improve when their reading is wider than just the manual. Reading the accountancy journals if only on a selective basis will enhance the chance of success. (Feedback from one of the professional tutors)

Slide 6

Recent diets have shown that the answer to questions are too often very shallow and candidates seem to find it difficult to look at their knowledge base cross-sectionally. Most candidates can reproduce rote learned material but find it difficult to advise a client if it involves knowledge of a number of accounting standards.

Many candidates only answer 3 questions which naturally means that there chance of passing is significantly reduced. This practice was particularly prevalent in June 2004 papers.

The marks for “report” format are given on the basis that candidates use acceptable approach e.g. formal headings, computations in an appendix etc.

Slide 7

Guidance will be given in the examinable documents and in forum such as this on the nature of the knowledge required for exposure drafts. Discussion papers (if any) will generally be examined in terms of the major principles involved and will not be examined as a full question.

Group accounting question will still be compulsory and follow same principles but note that changes brought about recent IASB activity may change the nature of the adjustments in the questions. As has been stated “national and international regulation” will become a more important part of the paper.

Issues in corporate accounting practice will be scenario based with the majority of the marks for core knowledge. Obviously in these situations, part of the answer may involve a detailed knowledge of the IFRS. The marking scheme will be such that candidates can achieve the majority of the marks for the core knowledge.

The delay in the issuing of EDs as standards means that a paper may seem to be over geared towards exposure drafts than the IAS equivalents. It means also that fuller knowledge may be required of some EDs. Foreign currency translation is a key area as was evidence by a question in June 2004’s diet. MNE’s (Multi National Enterprises) are an important element of this paper and foreign currency transactions/translation will be examined regularly.

As has been stated before, if there is a question on cash flows in section A then the likely hood is that a question on internal re-organizations will appear in section B.

Topics can be set in more than one question. For example impairment of assets can be issue to consider in several questions in a paper. Thus the subject mater is being examined cross-sectionally rather than just setting a single question on the subject.