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I am sitting P2 in June 2013 for the 2nd time, I got 40% in December and I was wondering is there any advice you can give me to help with the June sitting?
What about “Try to score ten more marks”?
Seriously, have you worked through all the past exam questions? Have you read the exam technique articles for P2 and for General on this site? Have you read all relevant articles from the last 18 months in Student Accountant? Are you a regular visitor to the IASplus website for matters of current concern?
Clearly you weren’t adequately prepared last time – have you done any additional preparation this time …. or are you hoping for Lady Luck to get you through?
Be prepared for around 65 marks worth of questions requiring written answers as distinct from numerate / computational answers.
Write as much as you can having properly planned what you are going to write. Work on the principle that to get 10 marks, you need ten different markable, correct, relevant points …. each of which needs its own sentence / paragraph …. and each sentence / paragraph needs to be written out in no more than 1.3 minutes.
Copy this email for 1.3 minutes ( that’s 1 minute 18 seconds ) and see how much you can write in that time! That’s as long as your exam answer sentences / paragraphs should be.
Or, back to my original advice – try to score ten more marks 🙂
<cite> @anerak said:</cite>
I am sitting P2 in June 2013 for the 2nd time, I got 40% in December and I was wondering is there any advice you can give me to help with the June sitting?I failed as well in Dec, and re-sitting in June, so we’re in the same boat. 🙂
Something I have taken from the experience is not enough applying what I did know to the scenarios given. So maybe it’s not your knowledge that’s lacking, but more a case of not applying that knowledge. You ( and I), need to try and think not just about what the obvious accounting standard is in a given scenario, but what other accounting standards might be in play as well and bring them in when drawing a conclusion to how something should be treated.
The Q1 computation has been a balance sheet/SOFP for a good few sittings now.. so I’m thinking an income statement or even cash flow must be due, so don’t scrimp on practising for them.
As for time management, personally, I think it’s a crock of nonsense about allocating a certain amount of time to each mark. The reality is that you’re going to know more about some things than others, so allocate your time spending more on what you can do and less on what you can’t. Otherwise, on the “equal mark time allocation” method you’re going to be sitting there at the end of the exam with x amt of time left because you couldn’t answer certain things in the paper – all at the expense of what you could’ve answered better had you not abandoned it due equal mark time allocation to twiddle your thumbs at the things you couldn’t answer.
Anyway, best of luck for June, and I hope we’ll both be celebrating in Aug when the results are out! 🙂
Sorry to read about your crock of nonsense. But, no matter what you personally think, your thinking is not inline with neither the ACCA, their examiners, their markers and tutors around the World.
But, hey, you’re entitled to your opinion.
Maybe your approach was a contributory factor to your previous failures?
Hmmm – there’s a thought
Asides from this one at my first attempt in Dec 12, I haven’t failed any others, so my own system of time management is serving me very well. I failed this exam on account of lack of effort in studying for it in the first place, the result being unable to properly apply what I did know to questions asked in the exam, so I failed and deserved it.
Your policy is still nonsense! But that’s ok – if it works for you, that’s great. It would be of great assistance, though, if you would refrain from advising others about your generally recognised inappropriate method.
If you wish to chat in the forum – again, that’s fine and no-one is going to even think about stopping you.
But this page is called “Ask the tutor” and should really be kept for the tutor’s use.
But thanks for trying to be helpful – even if you are really sadly misguided.
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