Forum Replies Created
- Posts
Try to cover the syllabus at least 1 month before exams and use the remaining time for practice and revision only. The opentuition lectures will get you the understanding but it is your duty to ensure that you attempt a minimum of 4-5 questions per chapter in the Kaplan/BPP exams kit and do 2-3 full exams on the CBE platform under timed conditions. There are also youtube webinars available on AFM and walkthroughs of exams questions. It is also likely that the some of the questions will not be the same on exams day (happened to me for AAA/AFM) but the practice will help you get a grip on the techniques to approach the question and score easy marks.
Cleared AFM with 68 on the counter. My journey as student comes to an end and I wish to extend my gratitude to the OT team for the support.
To anyone who failed AFM or any of the Level 3 papers, always keep in mind that OT is only meant to help you clear the chapters relatively faster than if you go through the books. It is your duty to ensure that you attempt a minimum of 4-5 questions per chapter in the exams kit and do 2-3 full exams on the CBE platform under timed conditions. It is also likely that the some of the questions will not be the same on exams day (happened to me for AAA/AFM) but the practice will help you get a grip on the techniques to approach the question and score easy marks even then.
Here’s my 2 cents as someone who self-studied and cleared all Level 3 papers in 2022: try to cover everything at least 1 month before exams and use the remaining time for practice and revision only.
dabirparth wrote:Hi, Can anyone tell me if the questions that everyone got were same? Or did everyone get different questions in Question 1, 2 and 3?
From the looks of it, there were a minimum of 3 variants for this exam. I had the following:
Q1 – Hedging forex and interest and then questions about internal hedging methods and margin requirements
Q2 – Restructuring – Preparation of forcast cashflows and financial position post significant reduction in debt to obtain further debt financing, calculation of interest cover and then a discussion on how would the finance providers react to the restructuring.
Q3 – Investment appraisal with calculation of risk-adjusted WACC and then a question on how BSOP could have been incorporated in the calculation and its limitations.Pratice is everything when it comes to this paper. It is imperative that you attempt a minimum of 3-4 mock exams under timed conditions. It will help you seal the exams technique but also get a good grip on the time management.
50 on the dot. Happy I’ve cleared that paper on first attempt but still disappointed with the way that Q1 (Crown Group) was set. I’m pretty sure it’s Q2 and Q3 that saved the day for me.
WYrealmusic wrote:What on earth is the question 1 asking, weirdest Q1 ive ever seen!
Indeed. The question restrict us to the audit risks relating to the 2 new subsidiaries acquired during the year only. It also tells us not to state audit risks relating to disclosures.To top it all up, the exhibits was full of audit risks relating to the existing subsidiaries which we are not allowed to state.
