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F4 paper contains 10 compulsory 10-mark questions testing knowledge and understanding across the whole syllabus. Questions 1-7 are knowledge-based questions, and questions 8 10 are scenario-based problem questions calling for application of legal principles.
F4 paper contains 10 compulsory 10-mark questions testing knowledge and understanding across the whole syllabus. Questions 1-7 are knowledge-based questions, and questions 8 10 are scenario-based problem questions calling for application of legal principles.
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F4 paper contains 10 compulsory 10-mark questions testing knowledge and understanding across the whole syllabus. Questions 1-7 are knowledge-based questions, and questions 8 10 are scenario-based problem questions calling for application of legal principles.
Hak Cipta:
Attribution Non-Commercial (BY-NC)
Format Tersedia
Unduh sebagai TXT, PDF, TXT atau baca online dari Scribd
Exam Tips June 2011 Session The exam tips set out below are not intended as a guaranteed or definitive list of the topics that will be contained in the forthcoming examination paper and shoul d not be construed as such. What follows is presented as an additional resource fo r students preparation, based on knowledge and past experience of ACCA examinations. ATC International accepts no liability where final examination papers differ from these suggestions. Paper: F4ENG (Corporate and Business Law English variant) By Deborah Lloyd The F4 paper contains 10 compulsory 10-mark questions, testing knowledge and understanding across the whole syllabus. Questions 1-7 are knowledge-based questions, and Questions 8 10 are scenario-based problem questions calling for application of legal principles. The law relating to the Legal System and tort (including negligence) are examined in knowledge-based questions. The other syllabus areas can be examined in either (or both) knowledge and problem-based forms. There is no fool proof method for predicting the exact contents of the examinati on. Only the Examiner himself knows what will be in the paper, and he repeatedly warns against question spotting . The tips that follow suggest key topics which we consider to be likely subjects for examination at this sitting. Bear in mind that in the present financial environment business funding, good governance, insolvency and the rights of creditors remain particularly topical. Exam Tips 1 Question 1 of the paper is always based on the nature of law, its creation, interpretation and enforcement within the English Legal System. A likely area for examination at this sitting is the interpretation of the law case law and/or statute - within the English legal system; or the relationship between courts and tribunals. 2 You can expect at least two questions on contract law, including one problem. Be ready to answer a question about aspects of the creation of contracts invitation, offer and acceptance and consideration are regularly tested offer, acceptance, rejection and revocationconsideration and privity are possibilities for this sitting. The nature and remedies for breach, including conditions, warranties and the remoteness of damage, are always key areas, and highly examinable. Exam Tips June 2011 Session 3 The torts of negligence and passing off were introduced into the syllabus as topics in their own right from the December 2007 sitting. There has been a knowledge-based question on this area at every sitting since then. Look particularly at the role of professionals and the concept of contributory negligence for this sitting. 4 Questions 4, 5 and 6 are usually about business organisations. There may be a question on partnership law. Be aware of the different forms of partnership organisation, and the liability of business partners for business debts and obligations Also look at the separate legal personality, and the matters to be considered by the company promoters. 5 Corporate finance is always important: look particularly at the nature of shares and debentures. 6 Corporate management and governance are central to the syllabus. Be ready to explain and apply the rules relating to appointment removal and duties of directors or auditors. Meetings and resolutions should also be considered. 7 There is frequently a question about employment law, either knowledge or problem based. Look particularly at contracts of service and contracts for services , and at the role of the Employment Tribunal. 8 Questions 8, 9 and 10 are always problem-based, requiring you to analyse a scenario and often to advise the parties. Question 8 is likely to be about contract law (see tip (2) above). 9 Insolvency proceedings and the rights of creditors could form the basis of a knowledge or problem-based question. 10 Business mismanagement and fraudulent activity is another very topical subject. Consider market abuse, fraudulent and wrongful trading and their consequences. Exam Tips June 2011 Session Exam Technique Don t forget the following advice while in the exam: Use the Reading and Planning Time before the start of the examination to make sure that you understand what each question is about, and to jot down key thoughts and reminders on the examination paper, to refer back to when you plan and write each answer. For each part of Questions 1-7 highlight the instruction ( define , explain , describe , etc) as a guide to how you should write and the content to be addressed. Do this quickly, in a couple of minutes, without thinking about the answer point s to these. Then move on to Questions 8-10 again highlighting instruction and content. Now re-read these in turn* and read the scenario underline or sideline the information relevant to answering each part. * Start with the question(s) th at has a single requirement for 10 marks since this will be the one which requires most planning. Jot down any thoughts or reminders (as single words or annotations only) on the question paper. If you have time, start planning any of Question 1-7 which have 10 mark requirements. Remember! 15 minutes is not all the time you should expect to spend in reading, planning and thinking! Answer ALL 10 questions, being sure to number them in the answer book as instructed. Keep each answer together so if you skip a part (to come back to later) leave space for this. If you do go back to a part and have run out of spa ce cross reference where it goes to! Allocate your time carefully between questions so that you do not become bogged down in a handful at the expense of others. Remember that each question carries 10 marks: the scenario questions are worth the same as the knowledge questions. You should allow an average of 18 minutes for each question, no more than 20 minutes nor less than 15 on any one in order to do yourself justice. On any one question you might need to spend another five minutes or more thinking and planning. But look for example at Q5 of the June 2010 exam which had three parts of 3 or 4 marks each that means just three or four mark-earning sentences for each part. As a general rule, the more the requirement is broken down for you into parts the less time you need to spend planning. Exam Tips June 2011 Session Do not overrun on time trying to find the last, more difficult one or two marks of a question at the expense of getting the straightforward six or seven marks in another question. Many successful candidates leave the question(s) which they consider most challenging until last, to make sure they pick up the easier marks on the other questions first. But you must attempt those more challenging questions too! Answer the question that has been set, do not reinterpret it for example, if it refers to common law remedies, do not give detailed answers about equitable remedies; if it asks about partnerships, do not give answers based on company law. Be sure to give authority for your answers. If a rule you describe or apply derives from statute or from a judicial precedent, say so. If you can remember t he particular statutory reference or case name, quote it; if not, refer to it gener ally. There is usually no benefit in quoting detailed case facts but you may need to m ake comparisons or distinctions when you apply case law in scenario questions. Presentation is important! Use short headings and sub-heading to give your answer visual impact and use a ruler to underline them. Remember your script is going to be scanned you must write in black! Try your writing out on a friend or colleague before the exam if they have problems reading some words you may need to take care in forming some letters. Dotting the i and crossing the t may sound pedantic but consider that not doing so may make them look like l . Good Luck! In addition to noting the guidance set out above, students should make use of ACCA past examination papers, pay close attention to articles published in Stude nt Accountant in recent months and should read the Examiner s review of the last examination session at www.accaglobal.com/students.