F8 Good News

Meeting up the F8 examiner recently in UK I had a chance to clarify some issues

1. The F8 paper is still about the same as the previous sitting, there is not that much changes

2. Accounting standards that you must know for this paper are:

IAS 2

IAS 7

IAS 8

IAS 10

IAS 16

IAS 36

IAS 37

IAS 38

So that reduces you stress level a bit for the students. On the other hand, students are expected to prepare for this paper with some additional effort, especially for those that are not actually in the audit world - you will need to learn with all your might and ability to grasp the world of accounting in reality.

I have just come across a new book that seems to be easy reading and extremely suitable for the students who are about to sit for the F8 paper. trying to get the publisher to release the books here.

Overall the emphasis of the paper is the same, calculations are expected in every paper, either for ratio, materiality or sample errors.

It would appear that there will not be a 20 mark question focusing on audit report after all, it will be part of something else (Subsequent event, going concern, errors or lack of evidence)

Good luck for those that are preparing for the coming JUNE 2011 ACCA F8 Exams