ACCA P7 Key Examinable Areas for December 2012

NOTE: These should only be used in conjunction with proper studying. We cannot guarantee that these topics will appear in the actual exam as we have not seen the exam papers. Examiners are not predictable so it is vital that all core syllabus areas are revised fully. The tips are based on Kaplan’s experience and understanding of the ACCA exams and will help focus your last minute revision. Please also read all the Examiner’s Articles – available on the ACCA Global website

Core areas (as per examiner’s approach article) likely to be examined in every paper: • • • • Engagement planning and risk assessment (business risk/risk of material misstatement?); Engagement procedures (i.e. evidence); Ethics and professional issues; Completion (matters to consider/evidence on file) and engagement reporting;

Subjects of recent articles: • Planning (October 2012);

Significant topics not examined for at least 18 months: • • • • • • Subsequent Events (ISA 560); Review engagements (interim financial information?); Obtaining work; Outsourcing/internal audit; Limiting liability; Changing auditors;

Current topics: • Competition in the statutory audit market; • Improving the audit report. Please note: the UK variant is also very likely to include an aspect of Insolvency (wrongful & fraudulent trading?). Please be aware that the whole syllabus is examinable. Whilst the above topics are likely to be examined in forthcoming sittings this does not mean candidates should avoid other areas of the syllabus in their exam preparation.


Kaplan Financial

December 2012

kaplan-exam-tips. 4 professional marks will be available within one of the section A case study questions. The examiner has noted that questions will not be restricted to topic areas (e. so it is likely that topics other than the ones noted above will be examined in the December 2012 exam. question 5 will not necessarily be on audit reporting) and instead we should expect to see topics spread across a number of questions. live 26th November – 11th December If you have not used this free Kaplan site before simply go to the website above. Kaplan Financial December 2012 . In addition.g. Read our FAQs and General Exam Tips for this subject at: www.The examiner will set 5 questions. please note the case study questions in section A will have the requirements embedded in the question (see the recent article from the examiner ‘Changes in question style’). select ‘click here to sign up’ and register. This website will also give you access lots of other FREE resources: • • • • • • • Masterclass video tutorials Exam Review video tutorials Revision advice Past exam evaluations Forums Tips on what to do on exam day Advice on how to use your reading time Plus Kaplan’s Exam Emergency Service forum for any last minute questions you have for our tutors. which will all have multiple elements.

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