1. SPL – Telematic session P65 – Test preparation
Feb 2017

2. General information This session has 2 purposes:-
Preparation for your individual tests
Specific guidance
Focus areas
Technical questions on the individual assignment
These slides will be loaded on the website for your reference.

4. US
Ten focus areas
Content in the handbook will make up 85% of the total marks of your test.
Video recordings were distributed to all participants – although it will assist in the preparation for the test, the additional information will not account for more than 15% of the test marks
Only some of the focus areas will be included in the test.

5. US focus areas
Learner guide P12/13 - How financial information assist in the management of accountability
Learner guide P13/14 - The users of financial information and why they need the information
Learner guide P17 to 20 - The definitions of assets and liabilities
Learner guide P29 - The capital replacement reserve

6. US focus areas
Learner guide P41 and 42 -The importance of reliability of financial information
Learner guide P64 - Why do we need a cash flow statement?
Learner guide P82 - The measurement basis that can be used in measuring the value of assets. An example of which assets can be valued using which measurement basis will be needed.
Learner guide P104 - The contents of the annual reports, focussing on the AG report and the performance audit report.

7. US focus areas
Learner guide – Revenue, recognition and disclosure requirements
Learner guide P123 onwards. The ratios in the book with a specific focus on their purpose. No calculations in the test.

8. Conclusion
If you open your handbook and the set of slides, it would be easy to synchronise.
Open book tests are difficult! You should cover the content before arriving in class. Make notes in the handbooks and highlight relevant sections.
Remember 1 test will cover three unit standards.
You must bring all 3 handbooks to the test venue.
Only answer the questions that are relevant to the unit standards that you have registered for.