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PDF Editor FAQ

What subject combination is ideal for the ACCA exam, per sitting? I have cleared f1-f4, and I am planning to answer f6 next, then f7 and f8 together, then f5 and f9.

Perfect combination. F6 is broaaaaad. So many exceptions and blah blah blah to remember. F8 and F7 are like non identical twins. You put in place controls, you audit financial records and then you publish financial statements. F5 and f9 are also similar. Lots of related formulas and similar processes of problem solving. Go for it.

What are some passing tips for F8 ACCA?

Chuck your BPP textbook in the bin and go back to the source.If you are the type to learn better when you know why you are doing something, then all the more you need to go back to the source.Read and reread your standards. For F8, the standards are the ISA, ISAE and relevant parts of the ACCA's Rulebook (ethics and practice management) as the case may be. You would likely find these source materials easier to read and understand than say, BPP textbook.You would kill three birds with one stone with this method: It prepares you for both F8 and P7, and best of all, it'll prepare you to deal with the real working environment, where you will be expected to know and justify the audit procedures you undertake when auditing financial statements assertions on the basis of the standards. You simply can't convince your senior or manager or partner to go your way by showing them excerpts from the BPP textbook.The BPP textbook I have used tend to overemphasise the hows (e.g. by describing the many possible ways to audit trade receivables). The danger is that you might become overwhelmed with those details that you end up trying to memorise procedures, rather than understand why you are doing them. These procedures won't be fully imitable especially when the examiner gets creative in setting scenario type questions.I took about 36 hours to read through the standards. I don't think I could have done the same with the BPP textbook.Then start practicing questions.Time yourself.Reread the standards.Practice more questions.Get 80+ for F8.

Which industry does Bloomberg terminal cover?

Bloomberg L.P is primarily a financial / business news and data supplier, with specialist units covering law and politics. Basically, there isn’t an industry that Bloomberg does not cover - in fact their current tagline is “because ultimately every story is ultimately a business story”.The Bloomberg Terminal provides subscribers with access to every news article, every piece of financial data, every statistic, every quote - well it just provides so much information that it would be more realistic to describe it as a “Premium Google” than a financial terminal. You can find anything about anybody who is relevant in the world of business and finance.The Bloomberg Terminal is made up of various functions and menus of which the user can “drill down” and find further information on. One example would be typing in “AAPL” hitting the F8 Key (Equity) followed by Enter (Go).You can look at Apple Corporation, the current CEO and board of directors together with their career experience and current contact details. You can browse through years of financial statements and find out who owns the majority stakes of AAPL together with various broker / analyst recommendations and every news story ever written about the company. You can then go ahead and find out what other companies are affected by AAPL (supply chain analysis) and what each of those companies mean to AAPL in terms of money.The same can be executed for any publicly listed or major private company in the world.Bloomberg owns a number of satellites that take images of oil reserves in addition to providing earthquake alerts and other geographic tools via BMAP.To answer your question, Bloomberg covers every industry with a finance / business perspective. The actual data obtainable from a Bloomberg terminal is astounding and really needs to be seen to believed. Additionally, Bloomberg Professional subscribers can connect with each other (BIO) and use real-time chat (IB) to inform each other of rumours, pending deals etc.I hope this helps.

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