June 2009 Bit Sessions

[siddharth]

Hi friends,

I have good collection of multiple choice questions of F8. Though multiple choice questions doesn't come in the exam, I feel it will help us to understand the concepts in a better fashion.

My scheme of studies goes like this

AIM

To complete this Paper by 25 April 2009 (11 weeks from 1st february 2009)

MANNER OF SYLLABUS COVERAGE

1st week - Accepting the engagement and planning the audit

2nd week - Audit Risk and Audit Evidence

3rd week - Internal Control and Control Risk assessment

4th week - Audit Sampling

5th week - Designing Substantive Procedures

6th week - Auditing sales and debtors

7th week - Auditing Purchases, creditors and Payroll

8th week - Auditing Stocks and tangible fixed assets

9th week - Auditing Cash and Investments

10th week - Completing the audit

11th week - Reporting on audited financial statements

METHOD USED

Each week on Monday and Thursday questions on above said topic will be issued

Answers should be given within Wednesday and Saturday for Monday and Thursday questions respectively.

Answers will be given by me on Wednesday and Saturday.

TYPE OF QUESTIONS

Questions will be given in the form of Multiple Choice and Answers are expected in correct option with Reasons for that option.

I start this multiple choice session with proper planning and I pray God to successfully complete this session.

I thank GTG admin for providing me this wonderful oppurtunity to interact with sincere students around the globe.

I am just starting this session. Success of this program will be determined through responses from students. I hope my friends will make this session a grand success.

I will meet you with questions on Monday (2nd february 2009). In the mean time questions about this sessions are welcome

Thanks and Regards

Siddharth

[ABBAS ALI]

Wow you telling like a professional teacher.

Impressive work Siddharth.

[krishna3898]

Hi,
Really good start,I will join this paper.
once again thanks Sidda
krishna

[Sravanthi Y C]

HI

I am glad to see your dedication for F8. We (GTG) are always here to guide you.
Firstly I would like to thank for your seriousness towards the subject. It is sharing of knowledge.
Think the situations practically and solve the questions.

I can assist you all always if there is any problem.

To succeed... you need to find something to hold on to, something to motivate you, something to inspire you.

Let us think quick quiz is something to succeed in F8. Let us motivate and inspire ourselves.

Thanks & Regards :smile:

[juliana-ap]

Thank you for the initiative Siddhat\rth..you cant count on me!! will post my answers tomorrow!!

[MMCY]

:smile::smile:Hi Siddharth

Excellent move!!!

Where can I find your MC Questions?

Thanks in advance,

MMCY

[siddharth]

HI,

its already posted in the F8 bit Study Sessions. check up

[MMCY]

OK. Thanks a lot.

[ptty_noel]

This is the first time i'm seeing your post. I hope it is not too late for me to catch up. I haven't read the entire text as yet but I will try my best to answer all you questions.

[siddharth]

Hi Noel,

We are just in 4th week schedule. 7 weeks yet to go. so you can benefit by joining this session.

The topic for this week is Audit sampling. questions are already posted for discussion. answers will be posted on wednesday.

looking forward your active participation in coming sessions