The ACCA P6 Module is part of the Professional (P) Level Options Module, and those who will be taking it should have a good grasp of the techniques and concepts that were taught in Module F6: Taxation. In this paper, the topics in F6 will be discussed on a managerial level to make sure that students will be able to give their future clients advice and information regarding the effects of major taxes on their businesses. Since this exam is not compulsory, those who decide to take it must fully understand that they should have sufficient knowledge on taxes, tax systems, and their implications on individuals and companies. This will ensure their success on the P6 examinations.
Objectives of the ACCA P6 Syllabus.
The aim of the ACCA P6 Module is to test the student's background knowledge on taxation and how they can use this knowledge in giving financial advice to their clients. The concepts and topics that will be covered in the P6 paper will help students come up with financial decisions that will be beneficial for the company. Those who are comfortable with the topics discussed in F6 will probably find it easy to understand the P6 Module.
Some of the topics that P6 will cover are: Income tax liabilities, inheritance tax, value added tax, and chargeable gains.
ACCA P6 Past Papers.
ACCA's official website gives access to UK's P6 past papers from December 2007 to December 2012. They also have P6 past papers from several different countries, including Singapore, South Africa, Malaysia, and China. These were the actual P6 exams that were taken by students in the past, so examinees will have a good idea how they could prepare for the upcoming exams.
The P6 Examination.
The ACCA P6 exam is divided into two parts, Parts A and B. Part A makes up 50-70% of the exam, depending on the type of question. The questions will most likely require a letter or a report as answers because it will tackle the application of taxes on different situations. Part B makes up 30-50% of the exam, which will require the examinee to answer two out of three questions. The questions may be worth 15 to 25 marks each.
Answering the P6 Exam.
To be able to pass the ACCA P6 exams, it is advisable for the students to have a good grasp of their local laws on taxations. It will also help a lot if they are able to understand their local tax system very well. Knowing how to apply this knowledge on certain scenarios will definitely help the examinee gain good marks in the P6 examination.
Passing Rates for ACCA P6 Module.
Since December 2007, the average passing rate for the ACCA P6 examination is 39.09%. To be a part of the passers list, students must make sure they study very hard for the upcoming exams. Various study materials are available on ACCA's website and other ACCA-affiliated sites.
Reviewing for the ACCA P6 Examinations.
The ACCA P6 exam is not mandatory, so those who are planning to take it must be fully comfortable with topics regarding taxation laws and systems. The official website of ACCA provides access to its past P6 papers from various countries. They also provide study guides, examinable documents, and technical articles to prepare students for their big challenge.
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