What are the Common Topics in the ACCA Past Papers F6?
The ACCA past papers F6 are all about the study of the basic principles and concepts of taxation. It has been a very vital area that the certified accountants must study and understand because other many areas of their practice and jobs usually involve many considerations about the taxation issues. Before you go to P6 examination (The Advanced Taxation), you should first have a great groundwork when it comes to taxation. If you are willing to work on a tax environment, the F6 examination is required to be taken by you.
The F6 examiner must have enormous and solid understanding about the tax system and the major taxes, such as the corporation tax, income tax, capital gains tax, national insurance contribution, value added taxes and inheritance tax. To be prepared about these taxes issues, there are many written articles in the Student Accountant where you can find more about the ways to approach the exam paper, Finance Act 2010 and the Inheritance Tax two articles.
After reading these articles, you will earn a lot of knowledge that are very important for your gaining insights about how the previous examiners of the ACCA past papers F6 examinations. You can see updates also for the F6 Syllabus from the June 2011 issues onwards. The method of taking exams for the syllabus is frequently changing and the full summary and overview for the alterations to the F6 syllabus is can be read on the Internet. Before taking F6 exams, make sure you have enough knowledge about the concepts of the main changes, like the addition of the basic principles of Inheritance Tax and the two latest VAT issues- the overseas aspects and the group registrations.
The ACCA past papers F6 examination and the syllabus are assessed through a paper-based exam. The examiner will be given 3 hours and 15 minutes only for the planning and reading time. Most questions given a predominantly computational and there will be five questions that are needed to be answered. The number one question is about the income tax and the second question is usually concentrating on the corporation tax. If you perfect these two first questions, you will gain a total of 55 marks because the one question is for 30 marks and the other is for 25 marks. You must also be ready about the inclusion of few elements of the chargeable earnings.
The question number three is commonly about the chargeable gains (can be corporate or personal) and it is for 15 marks. The number four and five can be focusing on any area on the syllabus, and it can cover up many topics like the inherence tax and it will be for 15 marks each. On the area of the VAT, there will always be at least 10 marks allotted. There can always be included topics concerning on issues related to the deferred taxes liabilities, etc. and these can be found on any of the five questions.
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