Taking F8 in december 2016

@pauljaco said:
Hi All

Im taking F8 in December as i dont have enough time to take it in September with various personal and business commitments.

I failed my last F8 exam with 47% last christmas and i have just failed F7 in the March sitting. Im close to giving up with accountancy but im going to give it one last hurrah

So im looking for any and all advice to pass this paper (F8)

Thanks in advance

Paul

Firstly, don’t give up, I understand it is frustrating but you got this far so continue.
This is the advice I would give:
As you were close to the 50 mark pass boundary, I believe you knew most of the syllabus and therefore it is more your technique that may have gone wrong.

Did you talk about business risks rather than audit risks for example?
Also, I was told that as well as doing past paper practice, try to avoid using generic terms like check and instead use terms like agree/cast etc… (check could lead to 0/0.5 marks instead of 1+ mark as it is too generic.

This was very useful to me as it it pointed out the common errors students make, https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012/sa_oct08_lewin.pdf

Other advice I have seen:

1) Do pass papers… if you get some questions wrong, dont worry about it, move on to the next pass paper or practice test. There’s no point wasting time going over and over the same question because another paper will tackle the same question worded differently.

2) Make sure you learn key words and phrases… like “Substantive”, use words like “Agree the balance against… “instead of “Check”.

3) Be methodical in your answers, Give your answer and explain why your answer is right, and what the response should be, even if you think your answer may be wrong, or you do not even know the answer.. you should still write something. never leave a question unanswered.

Hope this helps, good luck on any future exams.

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