Tips for passing F8 For all those who keen to know how to pass F8 exam, i am sharing a litte tips and tricks which might help u, 1. First of all u need to know what is F8 is all about and what examiner wants 4rm u, remember one thing although F8 is theory paper but this is not rote learning papers as such u study for F4, F8 is a mixture of techical knowledge and application of those knowledge in exam scenario so if u r thinking that u will pass just by rote learning then i m sorry 2. Now moving on to how to prepare which book to use how many hours to study its depend on indivitual basis if i need to advise than i will say go for emilewoolf or kaplan that does not mean BPP is useless all of these are approved publishers 3. Start with a topic in book do all examples given in a book and then do a kit for that particular topic and after see examiner comments on that paper its very very important 4. I found this useful thing on internet : f you are doing ACCA F8, the following are the tools that you should be aware of 1 Standards ISA 200,210,230,240,250,260,265 - Responsibilities ISA 300,315,320,330 - Planning ISA 402, 450 - Other issues ISA 500,501,505,510,520,530,540,560,570,580 - Evidence ISA 610,620 - Using others ISA 700,705,706,710,720 - Reporting 2 IFAC Ethics code 3 IAS 1, 8, 10, 16, 36, 37, 38 - Accounting standards 4 Ratio Analysis 5 Internal controls activities Internal control objectives System audit approach Business risk 6 Company Law - Auditor appointment - Auditor removal - Auditor resignation - Auditor power, duties and responsibilities 7 ISAAB - Framework - Authority of ISA - Country operations 8 Code of governance The above 8 tools are the main ones that F8 students must master before going for the exam. If you know your tools, then you will have to spend time to learn the situation presented by the examiner before applying the correct tools to solve the problem. Like in the case of doctors - the patient never tell the doctor what tools to be used to diagnose them, the doctor understands the situation and decides how to respond with the tools available to him So preparing for F8, get your tools understood well and know how it is used during the practice of questions.
Posted on: Mon, 07 Oct 2013 14:22:21 +0000
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