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F2 Chapter 1 Questions

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  6. question 5

    which one will be data rather than information.

    correct answer – total purchases over a period

    can u please tell the logic. over the period if different units are purchased each will have there invoices which can be data. when we try to calculate total purchases over a period then we need to add up the invoices . so doesn’t that makes it a information because of processing of data (addition)

    • There is often a fine line between data and information (which is why the question is phrased as it is).
      Although certainly the individual invoices are data, that is not one of the options.
      Total purchases does indeed involve an element of processing, but compared with the other choices it requires less processing (and is processing that would happen almost certainly automatically in the accounting system anyway).
      Information is analysis that helps management make decisions and so the other three are much more examples of information rather than data.
      (This is an old exam question and is typical of many exam questions in that one or more answers are almost correct, but only one is completely correct.)

  10. I am having Beckers revision kit ,will it be sufficient or will I be needing more revision kits from other approved learner like bpp or kaplan.

    • This is only Chapter 1, and any questions on this chapter will be easy!!

      You must anyway buy a Revision Kit from one of the ACCA approved publishers because question practice is vital is you want to pass the exam, and the Revision Kits contain lots of exam-standard questions.

      We provide the courses free, but it is up to you to buy a Revision Kit.

    • 🙂 And don’t forget to try our online mock exam when you have finished studying all the topics – the questions are taken at random from a large bank of questions and so each time you attempt the exam you are likely to get different questions.

    • There is a reason for it 🙂

      These little tests are to help with learning, and for Paper F2, since for each chapter the questions are all on the same topic then if you do understand and get one wrong then often you will get them all wrong for the same reason. However, if you get one wrong and see why you got it wrong, then hopefully you will get the next one right.

      When you have watched all the lectures then you can get a proper challenge by attempting the mock exam. In that you won’t know your mark until you have finished the whole exam. (And because the questions in the mock exam are selected at random from a large bank of questions, every time you attempt the exam you are likely to get different questions 🙂 )

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