Exam Focus Webinar Series - First Year
| Week Commencing | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | Sunday |
| April 17 |
April 18 Taxation ROI - 6pm |
April 20 Financial Accounting - 6pm |
April 22 Taxation ROI/NI- 10am Financial Accounting - 2pm |
April 23 Business Management - 10am |
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| April 24 |
April 25 Taxation ROI - 6pm |
April 27 Financial Accounting - 6pm |
April 29 Taxation ROI/NI - 10am Financial Accounting - 2pm |
April 30 Business Management - 10am |
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| May 1 |
May 2 Taxation ROI - 6pm |
May 4 Financial Accounting - 6pm |
May 6 Taxation ROI/NI - 10am Financial Accounting - 2pm |
May 7 Business Law ROI/NI - 10am |
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| May 8 |
May 14 Business Law ROI/NI - 10am |
Taxation Republic of Ireland with Ciarán Armstrong
All three workshops will include overall guidance on general exam approach and specific guidance on the topic(s) covered in the workshop.
Webinar 1: Taxation of individuals
Subjects covered:
- PAYE system
- Allowances and other Tax Reliefs
Upon completion of this workshop students should understand PAYE compliance obligations and calculate take-home pay using all three PAYE methods. They should also be fully conversant with the tax reliefs, allowances and other matters contained in chapter 8 of the course textbook.
Webinar 2: Taxation of self-employed individuals
Subjects covered:
- Tax adjusted profit (TAP) computations
- Capital allowances
- Self-assessment system
After completion of this workshop students should be able to calculate the taxable profits for a self-employed individual, applying the detailed rules applicable for income and expenses. They should also be able to carry out basic capital allowance calculations and identify the key features of the self-assessment system.
Webinar 3: Business taxation and Taxation of investment income
Subjects covered:
- Value Added Tax (VAT)
- Relevant Contracts Tax (RCT)
- Taxation of dividend and rental income
On completion of this workshop students should understand and be able to apply the general principles relating to VAT, in addition to calculating the net VAT liability for a period along with a trader’s payment & filing obligations. They should also be familiar with the basic administration of RCT. Students will be conversant with the sources of income taxable under Schedule F and Schedule D cases III, IV & V and how to calculate the relevant taxable amounts.
Taxation Northern Ireland with Leonie Power
Webinar 1
Subjects covered:
- Overview of the syllabus and structure of the exam
- Taxation system Enquiries and Payments on Account
- Income Tax computation and taxation of Income
This session will concentrate on the administration of the Self-Assessment system of tax for individuals and the preparation of detailed Income tax computations to include the taxation of all Income sources. At the end of the session students should have a broad understanding of the UK tax system and how the system of self-assessment applies to UK tax resident individuals. They should be able to calculate Income Tax payable by an individual for the tax year to include any National Insurance Contributions liability.
Webinar 2
Subjects covered:
- Income from employment (including Benefits in Kind
- Rental (Property) Income
- Income from self-employment Adjusted Profits
This session will concentrate on the scope and basis of assessment for both rental and employment income. The session will explain the adjustments to accounting profit necessary to calculate an adjusted profit for tax purposes. At the end of the session students will be able to calculate assessable rental income and income from both employment and self-employment. They will be able to describe “plant and machinery” for Capital allowances purposes and calculate basic allowances for annual investment, writing down allowance and where appropriate calculate balancing allowances/charges.
Webinar 3
Subjects covered:
- PAYE Computations
- Value Added Tax (VAT) & VAT Key revision areas
- Examination technique and preparation focus
This session will concentrate on the scope and operation of both the PAYE and VAT systems in the collection of taxes. It will include the detailed calculations for both PAYE deductions for individuals and VAT payable by registered businesses. At the end of the session students will be able to calculate take home pay for an employee (including NIC liability) and be able to calculate the VAT liability for a taxable person. The session will end will an exam “game plan” and a focus on success.
Financial Accounting with Barry Smith
Webinar 1
The primary requirement in Section A of the exam paper is to prepare sole trader financial statements from trial balance and to prepare accounting journals for common year end adjustments. Examples of year end adjustments include:
- Inventories.
- Accruals and prepayments.
- Depreciation and disposals.
- Irrecoverable debts.
- Payroll.
- VAT.
This workshop will be suitable for financial accounting students who need to revise the fundamentals of how to prepare financial statements (incorporating post trial balance adjustments). This workshop will also be useful for students who need to develop a method of how to document a solution for this type of question (involving multiple workings) in the time available in the exam.
Webinar 2
The objective of workshop 2 is revise advanced aspects of the material that is assessable in Section A of the Financial Accounting exam paper (which corresponds to 46% of the total assessment). The primary requirement in Section A of the exam paper is to prepare limited company financial statements from trial balance and to prepare accounting journals for common year end adjustments. Examples of year end adjustments include:
- Inventories.
- Accruals and prepayments.
- Depreciation and disposals.
- Irrecoverable debts.
- Payroll.
- VAT.
This workshop will be suitable for financial accounting students who wish to revise a Section A type question at exam standard. Accordingly, the requirements of the question and the nature of the adjustments will be at exam standard.
Webinar 3
The objective of workshop 3 is revise topics that are primarily assessable in Section B of the Financial Accounting exam paper (which corresponds to 54% of the total assessment).The topics covered in this workshop include:
- Bank reconciliation statements.
- Correction of errors.
- Suspense accounts.
- Non-current assets and depreciation
This workshop will be suitable for financial accounting students who wish to revise a selection of Section B type questions at exam standard. This workshop will also be useful to learn how solutions to these questions can be documented on the e-assessment platform.
Business Law Republic of Ireland with Kieran Alcock
These workshops will review the BL syllabus with the objective of learning how the various topics are tackled in an exam context. Key topics with a record of trending in exams will be identified and explored. Some of the delivery with focus on study methods and techniques for memorising. Guidance will be also given on how to optimally structure answers to exam questions. The Business Law exam structure has changed significantly so the approach to preparing for the exam will need to be slightly different from previous years.
Webinar 1
This session will outline the changes to the structure of the exam paper and revise the following areas that are potentially examined in Section A of the exam.
- Business organisations
- Company Finance
- Company Directors
This session will also address other potential Section A topics with review of the following.
- Company Conclusion and Examinerships
- Auditors, Secretary and Company Accounts (including Professional Negligence)
- Data Protection
Webinar 2
This session will complete the revision of potential Section A topics by covering the following.
- Partnerships
- Employment Law
This session will also revise the topics examinable in Section B of the exam.
- The Irish Legal System
- Contract Law
- Tort law
- Consumer Law
- Company Formation
- Company Meetings
Topics vary in volume and detail. In order to maximise the benefit from each session participants should read the relevant section of the Business Law course textbook in advance.
Business Law Northern Ireland with David Vint
Webinar 1
The purpose of these exam focus webinars are to work through the questions and provide you with an opportunity to talk around the topic with the exams in mind. It is not the intention to simply answer the question but to provide opportunities for you to display evidence of learning from the past two semesters and identify any areas of concern. Upon completion you should be able to:
- Explain corporate offences and their sanctions, including the nature of fraudulent and wrongful trading, insider dealing, and the typical characteristics of money laundering.
- Describe the common types of equity finance: ordinary shares, preference shares and redeemable shares.
- Explain the primary roles and responsibilities of company directors.
- Identify the statutory duties owed by a director and the penalties/sanctions imposed on a director for breach of his/her statutory duties.
- Discuss the common types of equity finance.
Webinar 2
The purpose of these exam focus webinars are to work through the questions and provide you with an opportunity to talk around the topic with the exams in mind. It is not the intention to simply answer the question but to provide opportunities for you to display evidence of learning from the past two semesters and identify any areas of concern. Upon completion you should be able to:
- Explain the ways in which a contract may be discharged.
- Explain the meaning and effect of a breach of contract.
- Outline the remedies available for a breach of contract.
- Discuss the significance of express terms and implied terms.
- Summarise the main sources of law in Northern Ireland (including Acts of Parliament, European law, international treaties and conventions).
- Outline the structure and jurisdiction of the Northern Ireland Courts.
Business Management with Kieran Alcock
These workshops will review the Business Management syllabus with the objective of learning how the various topics can be tackled in an exam context. Key topics with a record of trending in exams will be identified and explored. Some of the delivery will focus on study methods and techniques for memorising. Guidance will be also given on how to optimally structure answers to exam questions.
Webinar 1
This session will outline the changes to the structure of the exam paper and revise the first section of the syllabus Business Organisation and Functions. Then, we will explore the Leadership and Management aspect of the syllabus, including team dynamics, motivational theories and change management.
Webinar 2
This session will focus on Information Systems in Business Organisations, a section of the syllabus that has become more extensive this year. This session will also revise Corporate Governance, Social Responsibility and Professional Ethics.In order to maximise the benefit from each session participants should read the relevant section of the Business Management course textbook in advance.