The ACCA qualificationis a useful tool to develop accounting skills as well as it also helps to build a successful financial career. Codes of conduct, social ethics and moral values are given special consideration in this course.
Overview And Main Features Of ACCA P6.
The ACCA P6 helps the students to tackle problems, help the financial firms on Taxation issues and also to apply the relevant knowledge to understand the impact of major taxes. The ACCA P6 revolves around the in-depth study of capital taxation, corporate and personal taxation, impact of taxes and the situations arising through the interaction of taxes, providing advices regarding minimization of tax liabilities and also develops the communication skills needed on the grounds of taxation.
Approach To The Examination.
The ACCA P6 is a three hour exam consisting of two sections. The questions included will be scenario based involving the consideration of more than one tax and planning and interaction of taxes will also be an important feature of these questions. In ACCA P6, marks are awarded to those candidates who are able to show effective demonstration skills and are able to provide logical and coherent advice and are also able to support their arguments effectively. Time management is a real important component of ACCA P6 and the students would be able to allocate equal and the right of amount of time to each question according to the nature of the question.
Examiner's Approach To ACCA P6.
The basic aim of ACCA P6 is to ensure that the candidates are able to provide information, to individuals and organizations, regarding the interaction of taxes and the impact these major taxes make on the financial and administrative decisions. The communication skills are thoroughly developed as it is one of the main features of the ACCA P6 which is to enhance the ability of the candidates to communicate with the clients and with the other financial professionals. Along with practicality, candidates are required to solve scenario based taxation problems which mainly involve the consequences of taxation and also the candidates are required to identify and demonstrate the effect of these taxes.
Candidate's Approach To ACCA P6.
During the ACCA P6, before the start of every question the candidates are advised to identify the relevant taxes and provide effective solutions and calculations in order to support their argument and advice. The calculations should be precise and efficient and lengthy calculations should be avoided where a simple calculation is possible. The candidate should also try to ensure that all the individual arguments are addressed and the answer should not be in a generalized form. The client should always be kept in mind while giving advice regarding taxation and the ACCA P6 answer should be concise, relevant and helpful.
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