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For me to pass December exams where do I need to focus I wrote F7 in June I have failed I got 36% I don’t know where I went wrong please help me.
Check out the video recordings of me answering past exam questions – both consolidation questions and preparation of single company financial statement questions
Practice endlessly as many mcqs as you can lay your hands on, over and over again and again and again
Practice, practice, practice
It’s the only way
Oh! And post any problems that you may come across and I’ll try to help you
Thanks for the advice I will try to do my best in December and P1 paper I have to pass these papers both they give me hard times where do I need to focus on P1.
Mike help also.
Thanks George
P1 is a lot of common sense – and an ability to polish your halo, dust down your wings, put on your best white flowing robes and join the other angels in overseeing and criticising the nefarious ways and actions of our corrupt fellow members of society
The examiner pretty much spells out the answers for you within his 500 – 700 word story in question 1.
Improve your awareness of how events in everyday life can be fitted into P1 governance, risk and ethics? That dustbin lorry driver that didn’t disclose his health problems and managed to kill 12 people in Glasgow, Justin Gatlin and his drug-taking history (cheating), Mo Farah’s trainer Salazar accused of using forbidden substances to enhance to performance of his (other) athletes, Salman Butt (the disgraced Pakistani former cricket captain), the 4 brothers of the Sri Lankan dynasty (the Rajapaksa family) that effectively controlled everything in that island nation, the Deep Water Horizon BP disaster in the Gulf of Mexico, the shooting on air of the female television interviewer and her cameraman, the ……..
The list goes on and on and on …….
………. and they are all examples of questionable practices where the principles of the P1 syllabus are breached
Listen to the BBC world news and look out for the repetition of the word(s) corruption, bribery, risk (and others in the same vein)
Read the printed solutions from past exams to get an idea of just how much you DID know but now realise that you probably wouldn’t have included those points within your own answer
And finally, think about your own exam technique!
Do you plan your answers before you commit pen to paper or do you simply launch in?
Do you spend 5 minutes planning an answer for a 10 mark question?
Do you try to ensure that, for that same 10 mark question, you have planned 10 separate points to be made in your answer and that those 10 points do in fact specifically address the question that was asked (and don’t go wandering off tangentially into areas not asked for)?
Do you stick rigidly to time allocation?
If your answer to any of the above is “No” then you need to revise your approach to these ACCA exams!
Yes, P1 is mine …. and P2 and P7
I must have been terribly naughty some time in the past to have been allocated these three!
I’ll bet you was
well, let’s see if I choose P7 as an optional paper at the end of the day. the only thing that frightens me about it it’s too much narrative expected in a good answer
Good Mornimg Mike
Just a quick question on chapter 9 something I did understand why did you subract 124000-60000 on retained earning and where did you get that 40000*0.75*2/3*1*4.30= 86000 why you didn’t do this way I have seen you did this way 20000*0.75*2/3*1*3.3= where did you get 2
Which “2”?
Are the Danute shares not 50 cents each? So $20,000 represents 40,000 50 cent shares
OK?
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