ACCA F8

The OpenTuition complete Study Programme

OpenTuition provides all the study resources

you need to enable you to pass Paper F8 - all
free of charge.

This short document details how to make use

of OpenTuition and provides a study
programme to make sure that you pass!

In this guide you will find:

The structure of the F8 exam
How to use the Study
Programme
Detailed F8 Study Guide

What is Paper F8 and

how is it examined?
For an explanation of the
nature of the subject and how
it is examined, first watch our
Introductory Lecture.

The two key elements to

success are:
Learning and Practice

Learning:
We provide a complete free course
of on-line lectures covering
everything you need for the exam,
together with free downloadable
Lecture Notes to be used while
watching the lectures.
You should watch all of the lectures
in the order given in the programme
attached and work through the
examples in the Lecture Notes as
the tutor works through and explains
them in the lectures.
Our tutors are all UK qualified
accountants and have all been
training accountancy students for
over 30 years.

Practice:
It is vital to practice as many examstandard questions as possible. For
most of the chapters in the Lecture
Notes there are short on-line tests of
multiple-choice questions of the type
in Section A of the exam. Once you
have watched the lectures for a
particular chapter, you should
attempt the test questions and check
your answers.

We provide a complete free course

In addition you will find in the

attached study programme details of
Section B type questions to attempt
from recent exams. You can find
these questions either free of charge
on the ACCA website
(www.accaglobal.com) or in a
Revision/Exam Kit purchased from
one of the ACCA approved
publishers.
(To explain the coding used: D10Q1
means Question 1 from the December
2010 exam. J11Q2 means Question 2
from the June 2011 exam)

Additional resources
OpenTuition also provides additional
resources - again, all free of charge including the following:
A timed on-line test of multiplechoice questions in the style of
Section A of the exam. Questions
are selected at random from a
large bank of questions, so every
time you attempt the test you are
likely to be asked different
questions.
A Paper F8 forum where you can
ask for help from (and give help to)
other students on anything to do
with the exam.
A Paper F8 Ask the Tutor forum
when you can get help directly
from the tutor responsible for F8.
Additional lectures working through
past exam papers - Revision Kit
Live

How to use the Study

Programme
Work through each chapter of the Lecture
Notes in the order listed, watching the
lectures that are linked alongside the
chapters.
Those chapters that do not have a lecture
attached do not involve calculations and are
for you to read yourself.
When you have completed a chapter and
watched all of the corresponding lectures,
then attempt the online test of Section A
type questions for that chapter, and then
attempt the Section B type questions that
are listed.
Some past Section B type questions test
more than one topic they are listed in the
Study Programme after all topics have been
covered in the lectures. It is therefore
important that you work through the
chapters in order.
You will find that some of the Section B type
past questions were for 20 or 25 marks. It is
because the format of the exam used to be
different (they are now either 10 or 15
marks), but the questions are still good
practice.
Tick the check boxes as you work through
the programme, and remember to ask in the
Ask the Tutor Forum if you have any
problems.

To find all the resources available for

Paper F8 visit OpenTuition

Tick the check boxes as you work through

the programme

Chapter in free OpenTuition

Lecture Notes

Free OpenTuition lectures

Past exam questions to

attempt

Lecture /
Notes

MCQ tests

Past exam
questions

Tick when complete

Introduction to Paper F8
1 What is assurance?

What is assurance?

D13Q5(a); D10Q3(a)

2 Corporate Governance

Corporate Governance

D11 Q4 (a)(b), J14 Q4(b); June 12

Q3(c); D15 Q3(a); D15 Q3(b)

3 Auditors rights, appointment,

removal, resignation and regulation

Auditors rights, appointment, removal,

resignation and regulation

4 Professional ethics

Professional ethics

D11 Q4(c); J12 Q3(b); D12 Q4(a); J13

Q2(a); D13 Q4(c)

5 The audit report

The audit report

J13 Q3 (a) D10 Q2 (a)

6 Types of audit report: modified /

unmodified

Types of audit report: modified /

unmodified

D11 Q2(b); J12Q2(c); J13 (Q5(c); D15

Q4(a); D15 Q6(c); Q13 Q2 (c); J12 Q5;

7 The stages of an audit - appointment

The stages of an audit - appointment

Pilot paper Q2; D13 Q4(b); D13 Q4(a)

8 The stages of an audit - after

appointment

The stages of an audit - after appointment

D10 Q3 (b); D13 Q1(c); D12 Q3 (a)

9 Risk

Risk

D11 Q3 (a) (b); D13 Q1 (a) (b); D12

Q3(b); D15 Q2; D14 Q3 (a)

10 The audit process and audit evidence

The audit process and audit evidence

J13 Q4 (a); D13 Q1(d); D13 Q2 (b)

11 Sampling

Sampling

J12 Q2(b); J14 Q2(c)

12 Internal control

Internal control

D10 Q1 (a); D11 Q2 (a); J12 Q1(a);

D13 Q2 (a)

13 Some accounting systems

Some accounting systems

J14 Q1 (a); J13 Q1(b); D13 Q3 (b) (c);

D15 Q5(a)

14 Computer systems

Computer systems

J13 Q1 (c)

15 Computer assisted audit techniques

Computer assisted audit techniques

D12 Q1 (c)

16 The final audit - the assertions

revisited

The final audit - the assertions revisited

J12 Q4(a)

17 The audit of receivables

The audit of receivables

D15 Q5

18 The audit of payables

The audit of payables

D10 Q1

19 The audit of accruals and

prepayments

The audit of accruals and prepayments

20 The audit of inventory

The audit of inventory

D14 Q6 (b);J14 Q3; D12 Q1

21 The audit of cash

The audit of cash

J13 Q1 (d)

22 The audit of non-current assets

The audit of non-current assets

D10 Q4 (a); J12 Q1 (b)

23 Internal audit and other third parties

Internal audit and other third parties

J12 Q1 (e); D12 Q3 (c); J13 Q4; J12 Q1

(d); J14 Q4 (a)

24 Audit documentation

Audit documentation

D10 Q2 (c); J10 Q2 (a); D13 Q3 (a); J14

Q2 (b)

25 Fraud and error

Fraud and error

J12 Q3 (a)

26 Events occurring after the reporting

period

Events occurring after the reporting

period

D11 Q5 (a) (b); J13 Q5 (b); D15 Q4 (b)

27 Contingent assets and liabilities

Contingent assets and liabilities

J10 Q1 (d)

28 Written representations

Written representations

D12 Q5 (a)

29 The audit report - revisited

The audit report - revisited

J13 Q2 (c) J14 Q5

D12 Q2(a); D08 (q2(b); D11 Q1 (c)