转帖-2012.Jun exam 猜题 F8

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转帖-2012.Jun exam 猜题 F8
F8Exam tips – June 2012 sitting (6 posts)
Opentuition
1 Inventory count.
2 Nature of an assurance assignment/internal audit
3 Going concern and analytical procedures
4 Computer assisted audit techniques
5 Contingent liabilities BPP • Audit planning and identification of audit risk,audit procedures and internal control.
• Responsibilities of directors and auditors.
• Definitions – assurance and audit regulation.
• The 20-mark questions: ethics, planning, auditrisk explanation, specific transaction audit, internal controls and audit,management representations, going concern and audit reports. Kaplan Financial • Assurance engagements.
• Ethics including fundamental principles.
• Systems – non-current assets, purchasing (including testsof control).
• Evidence – non-current assets, share capital/reserves, bankand cash, payables.
• Completion (ISA 570 – going concern). First Intuition • Substantive audit procedures and tests ofcontrol on a key area of the statement of financial position,
eg inventories or non-current assets.
• Audit risks.
• Identifying and explaining the threats toauditor independence and ways of managing them.
• Management letter: identifying the weaknesses,consequences and recommendations in a particular company.
• Subsequent events.F8 June 2012 :For sure following are the chapter you cannot ignore if you wanna pass F8. Hereare the chapters:
1. Ethics ( threats and safeguards to independence/how an auditor accept an appointment )
2. Planning and risk ( especially Audit risk andits application- should be good at picking risk from scenario and commentingupon them- should also know the definition of audit risk and three componentswell) / what impact on audit strategy of selected audit risk level.
3. Internal controls ( something you cant rule outfrom F8 paper / sales and purchase system looks at top priority)/ Test ofcontrols too
4.Substantive procedures ( again receivables/payables/ sales / purchases / inventory looks important)
5. Review ( Subsequent events / going concern)
6. Reporting ( looks important – again opinions in a given scenario)F9 Exam tips – June 2012 sitting (2 posts)
Opentuition
1 a) Investment appraisal – lease v buy decision
b) Written on replacement
2 a) economic order quantity calculation
b) cash budget
3 a) Capital asset pricing model (ungearing anequity beta)
b) foreign exchange risk management – forward rates andmoney markets
4 a) calculation of effect of raising finance (i)from equity and (ii) from debt on the earnings per share, interest cover, andgearing ratio of a company
b) written on other ways of raising finance.

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