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APM disclosure by maagement: they gave the information on that APM and asked to discuss whether it was correct and not misleading the investors
For question 1 there was no step acquisition or disposal as such just the treatment of errors. One such error was 100% subsidiary was recognised as HFS and DCO without fulfilment of conditions , rectify it in pre populated spread sheet
Another was, initially building was investment property later converted to PPE but FV on gain not treated correctly
Section C P1, SFP 12 and Adjustments to profit 8 (like pre-dec 2023), P2 Goodwill 5, Ratios 5, Analysis 10.
Читать полностью…Question 1
ifrs 10
IAs 19
SOFp
Question 2
ifrs 15
Ethical
Question 3
iFRs 16
IAs 36
IAs 12
Loan IAs 21
Question 4
APM
IAs 16
IAs 40
IAs 38
In the ACCA Performance Management (PM) exam, Section C focuses on complex scenarios and requires in-depth analysis. Key topics to master include:
Budgeting and Forecasting: Understanding different types of budgets (e.g., flexible, zero-based) and forecasting techniques.
Standard Costing and Variance Analysis: Analyzing variances from standard costs and interpreting their implications for performance management.
Performance Measurement: Techniques for evaluating performance, including financial ratios, performance indicators, and balanced scorecards.
Cost Management: Analyzing cost behavior, cost-volume-profit analysis, and managing costs in different contexts (e.g., job costing, process costing).
Decision Making: Techniques for making informed business decisions, including relevant costing, make-or-buy decisions, and pricing decisions.
Control and Risk Management: Assessing internal controls, risk management frameworks, and the impact of risks on performance.
Strategic Planning and Analysis: Understanding strategic planning, including SWOT analysis, strategic performance measures, and the role of performance management in strategy.
Ethical Considerations: Recognizing ethical issues in performance management and their impact on decision-making.
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Section C : IHT , TRADING loss, terminal loss, corporation tax, income tax
Section B : VAT, IHT, disposal of shares, gains
too many procedures but overall easy
tips :
1) daily practice of procedures
2) internal controls should be practiced regularly
3) audit risk scenarios usually relate to exam kit so solve exam kit to score full in risk question
4) book reading and understanding of concepts for sec A and side questions of sec B
Section C IHT, corporation tax liability and terminal loss of subsidary company, income tax payable
Section B vat, IHT, cgt relief(BADR, chattels)
ACCA TX (UK) session September 2024.
Section B.
- VAT
- CGT
- Inheritence
Section C.
- Savings income tax 4 marks
- CGT 3 marks
- Inheritence 3 marks
- Trading loss, terminal loss in company 7 marks
- Corporate tax 8 marks
- Income tax computation 15 marks. (Employement, property income)