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@accaglobal_bot For Uzbek students https://t.me/accauzbekistana f5 https://t.me/f5performancemanagament f7 https://t.me/FRfinancialreporting f8 https://t.me/f8auditandassurance f9 https://t.me/F9FinancialManagment
F5 PM
Section A
ABC and Traditional costing
Pricing: Penetration
Make or buy
Incremental budgeting
Zero-based budgeting
Lice-cycle costing
High/low analysis
Material mix variance
Value for money
ERPS
Service characteristic
B Section
(i) Expected value
(ii) Advanced variance
Material planning and operational variances
(iii) Throughput accounting
TPAR
C Section
Q1 margin of safety
Average contribution/sales ratio
Limitation CVP
Q2 Balanced Scorecard (20mark)
There was a part related to CSOP shares
Asking that a person got csop shares at mv and planning to sell it on the same day, will there be a gain on it? As it is being sold on the same day
Q1 was IHT
Q2 don't remember exactly, but one part was for vat voluntary registration - company sells standard rated supplies
Q3 related to overseas
If there is an overseas PE and overseas subsidiary, what will be the tax implications for company, calculate corp tax
Overseas subsidiary pays dividend income, so implications for subsidiary and uk resident company
Consequences like loss of intellectual property, loss of control, quality issues, lead/delivery times, ethical issues, inflexibility etc
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transfer pricing
impact on profit if other division buy from external supplier
consequences of buying from external supplier
zbb
calculate the decision packages
assess choose the DP
benefit of Zbb
Overall exam was not too bad.
I think Section C was hard because there are 7 marks worth simple income tax computation in first question.
Then the whole 12 marks worth Sara's income tax computation with trading profit employment income property income and other income.
There was also 15 marks worth corporation tax with trading profit, capital allowances, property income and chargeable gains on takeover.
But in Section A there were a lot IHT questions which I hate most
Also Section B questions were not so hard and I am kinda confident in this exam.
However I was late to my exam and successfully wasted 20 minutes of exam. FYI UWED entrance in the back side of the building
Keyboards and mouse barely worked and exam hall was very noisy which means distrubted many candidates.
Ok whatever comes is for goodness and I wish you strong sabr to wait 6 weeks for your results
@~Hasan / @Everyone
Competitive adv of each products & how to improve growth of each product (30mks)
Online channel sales (adv n dis)
Analyzing current processes (order delivery etc)
Risks
Bribery
substantive procedure of loan tax and remuneration is not there
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Procedures on - Purchases and expenses
- bank loan
- Claim
Impact on audit report of the material balance
Audit risk (8)
Internal audit deficiency, direct control and TOC
What is materiality and performance materiality
Identify Corporate governance deficiency (3)
Objective que - outsourcing
sp
trade discount receivable
directors remuneration
bank loan
sales tax liability
KAM
Inventory valuation
Revenue
Supplier rebate
Audit risk 8
Control deficiency control recommendation 8
Section B
Throughput accounting
Advanced variances
Expected Value
No learning curve questions
Q2 was about employment income
A person has 2 options, either get a freehold house or car, calculate the most beneficial one
Freehold premises had annual value and purchase price given along with rent paid by the person
Section B
Life cycle costing
Pricing
Standard costing (variances)
Section C
Transfer Pricing
zero based budgeting
Overall, 24 marks for discussion of Section C. 20-Balanced scorecard. 4-CVP
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My frnd wrote the exam.. In sec b variance was asked
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TX-UK 2025 June session
Section B
Inheritance
VAT
Chargeable gains
Section C
Income tax computation simple.
Income tax computation.
Corporation tax.
Session A
Corporate governance
Audit reporting
Audit framework
SessionB
1. Audit risk
8 Audit risk and response (16 mark)
Auditors responsibity in finding fraud (4 mark)
3 Ethical threads and safeguard (6 mark)
Substansive procedurres of trade discount receivables (4 mark)
2.internal audit
8 internal audit of purchase and sales (16 mark)
Sales importance of control (4mark)
3. Audit evidence
Substansive procedures of:
Bank loan (5 mark)
Director remuneration ( 5 mark)
Sales tax liability (5 mark)
Audit report (5 mark)
RoMM
Internal control could they need understand from management
Substantive Procedure
Ethics
Find Audit quality deficiency
Audit report implications on group and component if not adjusted
Ethics
Matter to consider before accepting assurance engagement
Substantive Procedure
Internal control information auditors need to understand from management
Analyse whole revenue forcast assurance
And substantive procedure for payables was based on GRNI (GRN not Invoiced)
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