• IHT including lifetime and death gifts and the definition of domicile
• Trusts – Uses of different types of trust and the tax implications of trustees disposing of chargeable assets held in the trust.
• CGT – Shares,assignment of a short lease, part disposal, gift relief, incorporation relief, reorganisations, EIS reinvestment relief, overseas aspects.
• Income tax computation including property business profits, employment income .
• National Insurance
• Income tax – trading losses for a partnership on commencement/cessation of a business.
• Financial planning – sources of finance, lease versus buy, investments including ISAs and pensions.
• Close companies
• Corporation tax including IBA, loss relief and group and consortium relief.

SWOT analysis – ability to determine the issues which affect the business using and internal and external focus

MacFarlan/Peppard’s Strategic grid – possible application to a case study with the comparison of competing projects

Lewins Model – application of how an organisation can manage change using an unfreeze, change and refreeze approach

Intranet – development of a system to support internal operations

Business and IS/IT alignment

BPR and the implications of changing business operations

E-commerce – development of web sites and their impact on both business and individual customer usage

Section A
This compulsory question will be on the preparation of consolidated accounts.
The preparation of a group income statement is due, as is the translation of foreign
subsidiaries and cash flow statements!
Section B
Share based payments
Revenue Recognition
Financial instruments.
International issues
Reporting of non financial performance e.g. Corporate Social Responsibility,
sustainability reporting

Section A:

• Overseas NPV: Ability to perform a basic overseas NPV/FCF calculation. Including one off cash flows, annuities and perpetuity calculations and the knowledge of the specific issues that relate to foreign direct investment.
• Risk management: Currency Risk / Interest rate risk
• Company Valuation within the context of Merger and Acquisitions: A possible question that requires a valuation under various methods like NAV, DVM, P/E Ratio and FCFs. (maybe within the context of Going Private.) Also review the share for share exchange style questions.
  

Section B:

• Economic Value Added – EVA
• Dividend Policy
• Portfolio Theory and CAPM - summary and alpha tables
• International economics – I.M.F., Treasury Management. Balance of payments deficits.