Self Re-Structed Tips

Disclaimer: Tips may not be 100% Correct

F8 Tips

Ethics
• Appointment, Quality Control
Purchases
• Audit procedure, Control Weakness, Recommend Improvement, Analytical Procedure, Cut Off
Inventory Count
• Perpetual Count (weakness)
Fraud & Error
• Responsibility of Auditor
Going Concern
• Assurance Work, Audit Procedure
Corporate Governance
• Improvement
Small Entities
• Internal Control Procedure (effectiveness)
Audit Risk
Payroll
Management Letter

Subsequent Events – Responsibility of Auditors
Audit Report – Types, Effectiveness (modified)
Revenue – Cut Off
Not For Profit Organizations – Completeness, Accuracy, Cut Off (Income and Expenditure)
Internal Control - Adequacy
Analytical procedures embedded in Substantive tests
Non-current assets – Valuation, Substantive Test, Audit Procedure
Internal Audit – Duties, Outsourcing
Audit Committee – Duties
Risk Assessment – Substantive Procedure
System and Computer Audit
Audit Planning
Liabilities
Bank
Audit Sampling
Debtor Circularisation


F9

EAC, Capital Rationing, Sensitivity Analysis, Leasing against Purchasing
Debtors, Inventory, Factoring, Discount Policy (benefits), Miller-Orr, Baumol
Rights Issue, Business Valuation, Convertible Debt
Source of Finance for SME – Gov. Back-up Scheme, Business Angles
CAPM + WACC (Risk) – Project Specific Dis. Rate
Beta asset, Beta equity – Biz. Valuation, Cost of Capital
Risk Management – FRA
Exchange Risk Management – Hedging
Yield Curve - Theory

Methods of Appraisal
Cash Management Models
Business Finance – Gearing and Ratios


F7
Question 1
Consolidated statement of financial position (balance sheet), with Associates.

Question 2
Published accounts preparation from TB or re-drafting

Question 3
Statement of cash flow with some interpretation

Questions 4 & 5