Pre Reading for ACA

I did neither and it was fine. But, since you ask:

- Really understand the difference between debit and credit - DEAD CLIC (debits increase expenses, assets, drawings; credits increase liabilities, income and capital)

- Download some statutory accounts and get used to the format; what information they contain; what they tell you about a company.

- Understand the basics of how income, VAT, corporation, inheritance (pain in the ass), and capital gains tax are computed.

- Read the usual management consultancy bullshit - Porter's 5 forces, SWOT, product lifecycle, Porter's diamond, BCG matrix etc.

- Practice NPV calculations, discount factors, linear interpolation

- What the hell do auditors do? Expectations gap; external v. internal audit; different types of audit opinion; evidence; controls etc.

Ahh okay Nice one,

thanks for the long reply!

Yup I've seen all that stuff before as I did accounting for degree but am trying to focus more on what will pass the exams rather than general stuff, maybe I shold find some old ACA textbooks on ebay or something?

Congrats on your training contract! Can i ask who its with?

mm ya sure, I got it with deloitte...hopefully it's still there come september though :s

Loquitur
Liked your explanation (aside from being good), it brought a smile to my face, nice to know someone shares my somewhat jaded feelings.