ACCA F6 Exam Tips September 2015 session given below are just intelligent guesses from exam point of view provided by famous tuition providers.
After introduction of MCQ’s in ACCA F6 and other skill level papers, it is now important that you should prepare each and every area of syllabus thoroughly to maximize chances of success.
These ACCA Exam Tips will help you in questions other than MCQ’s while MCQ’s can come up from any area in exam so in order to get success you must cover the breadth of every topic and syllabus.
ACCA F6 Exam Tips:
ACCA Exam Tips for F6 Taxation Paper for September 2015 session are given below by famous tuition providers
15 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. You should expect the administrative aspects of F6 (self-assessment filing, payment deadlines, penalties etc for both individuals and companies) to feature a little more than was the case before.
Q1 – Q4: Four 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 4 include property income, pensions, a range of capital gains calculations (chattels, part-disposals, use of capital losses and business reliefs), inheritance tax (death tax on lifetime gifts and/or death estate) and value added tax (schemes for small businesses).
Q5, Q6: Two 15 mark questions which will be broken down into sub requirements and be scenario based. One of the questions will test a range of aspects of income tax (likely to be employment income and/or trading income) and the other question will cover corporation tax. Capital allowances are likely to feature in one of these questions.
The exam is predominantly computational which means that most of your marks will be available for number work. That does not mean you should ignore the narrative requirements which will make up a discernible number of marks.
At the beginning of the exam you are given 15 minutes “reading and planning” time. During this time you can read and annotate your question paper and so this is a perfect chance to make notes next to the information in the scenarios of things to include in your answer.
During this time you should also think about the order in which you will attempt the questions – start with your best question first but remember to watch your timing very closely – you seriously damage your chances of passing if you do not attempt all the questions set or if you significantly run out of time.
Presentation is important. If you do not use the proformas you have been using on your course your marker will find it harder to give you marks. It is your responsibility to convince the marker you deserve to pass, so make your computations, workings and narrative easy to follow.
– Opening years and change of year end for sole traders.
– Capital allowances.
– VAT default surcharge and VAT invoice content and annual accounting.
– CGT: Principal private residence and entrepreneur’s relief, chattels.
– IHT lifetime and death transfers.
Manchester Metropolitan University (MMU)