Paper 1.1 PFS Tips – June 2006

SECTION A (50 %)
25 Multiple choice questions
Will cover all areas of the syllabus

SECTION B (50%)
Longer questions – will include theory and computational questions.
Five compulsory questions will need to be attempted. Each question will carry between 8 and 12 marks,
Preparation final accounts of a partnership/ company
Correction of errors and suspense accounts
Cash Flow Statements
Ratios and interpretation
Accounting theory, Concepts & Standards

Primary Tips:

• Role of Management/Supervisor
• Authority, responsibility and delegation
• Classical and modern theories of management
• Objective setting; performance indicators; Management by Objectives
• Individual, Groups and Team behaviour
• Motivational and Leadership
  

Secondary Tips:

• Training and Development
• Management of Diversity/Equal Opportunities
• Effective Communication Practices – Counselling
• Recruitment and Selection