EXAMINER’S APPROACH: F 1, F AB Accountant in Business.

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Presentation transcript:

EXAMINER’S APPROACH: F 1, F AB Accountant in Business

WHERE THE PAPER FITS?

Diploma in Accounting and Business (3 papers below + FiP) (ACCA Fundamentals Knowledge module – 3 exam papers only ) F1 Accountant in Business (FAB) F2 Management Accounting (FMA) F3 Financial Accounting (FFA) Advanced Diploma in Accounting and Business (6 papers + Professional ethics module) (ACCA Fundamentals Skills Module – 6 exam papers only)

LINKS TO OTHER PARTS OF THE QUALIFICATION?

P1P1 F 2 and F 3 P3P3

Other papers Practical experience

OVERALL CONCEPT?

“The accountant sees the wood AND the trees” Adapted from the well known saying

BROAD THEMES?

Business purpose Ethics Business structure Accounting functions Leadership and management

F 1 CONTENT?

Section A Section B

Sections D and E Section C Section F

EXAM STRUCTURE?

2 hours Objective testing

50 two mark questions

Number of Questions? Guessing? On demand? Time allocation? Choice?

EXAM TIPS

Strategy Key areas

Tip 2 - Breadth! Tip 1 - Top down! Tip 3 - Practice!

EXAM PITFALLS

Pitfall 2 - Rushing! Pitfall 1 - Unprepared! Pitfall 3 - Unanswered questions!

Illustration and context Global paper Broad principles

Examiners’ reports Common problems

TO CONCLUDE

Apply! Read! Move on!