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

EXAMINER’S APPROACH: F 1, F AB Accountant in Business. WHERE THE PAPER FITS?. Advanced Diploma in Accounting and Business (6 papers + Professional ethics module) (ACCA Fundamentals Skills Module – 6 exam papers only). Diploma in Accounting and Business (3 papers below + FiP).

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

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  1. EXAMINER’S APPROACH: F1,FAB Accountant in Business

  2. WHERE THE PAPER FITS?

  3. Advanced Diploma in Accounting and Business (6 papers + Professional ethics module) (ACCA Fundamentals Skills Module – 6 exam papers only) 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)

  4. LINKS TO OTHER PARTS OF THE QUALIFICATION?

  5. F2 and F3 P1 P3

  6. Practical experience Other papers

  7. OVERALL CONCEPT?

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

  9. BROAD THEMES?

  10. Business purpose Ethics Leadership and management Business structure Accounting functions

  11. F1 CONTENT?

  12. Section A Section B

  13. Section C Sections D and E Section F

  14. EXAM STRUCTURE?

  15. Objective testing 2 hours

  16. 50 two mark questions

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

  18. EXAM TIPS

  19. Key areas Strategy

  20. Tip1- Top down! Tip 2 - Breadth! Tip3 - Practice!

  21. EXAM PITFALLS

  22. Pitfall1 - Unprepared! Pitfall2 - Rushing! Pitfall3 - Unanswered questions!

  23. Global paper Illustration and context Broad principles

  24. Common problems Examiners’ reports

  25. TO CONCLUDE

  26. Read! Apply! Move on!

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