[ashleeeyc]

@dhan12 said:
Congratulations – that’s a fantastic result. Would you mind sharing some of your tips? This is the only exam I have failed so not sure exactly how to approach it. Any advice on how you tackled the exam would be very much appreciated! I only managed to completed Q1 and 2.

Thank you! I can’t believe myself too because this is the highest mark I have ever gotten in ACCA.
My tip is in the comments!
I think it is important to complete all the questions! At least attempt 85% of the question to be safe.
Be sure to move on if you are stuck because, in every question, there is always some easy marks to earn.

I would advise you to
spend 1 hr 30 mins in Q1
45 mins each in Q2.
I remember spending about an extra 10 mins in Q1 so I only had less than 5 mins to check everything.

I think the best way is to practice the full set of PYP in real life conditions to make sure you can finish in time.

Hope this helps!

[ashleeeyc]

.

[ashleeeyc]

I got 79% at first attempt and my advice is:

1. Plan your study schedule.
My last 2 weeks study schedule looks something like this (by this time, I have gone through the past year papers once already with my tuition provider):

18th Nov: S/D 2015
19th Nov: M/J 2018
20th Nov: June 2014
21st Nov: M/J 2016
22nd Nov: Read theory (ethics, money laundering and etc) + Recap again on accounting standard + (if I have time) read through the OLDER past year papers
23rd Nov: June 2015
24th Nov: Dec 2014
25th Nov: S/D 16
26th Nov: M/J 17
27th Nov: S/D 17
28th Nov: Specimen Paper
29th Nov: Sep 2018
30th Nov: Read theory + Recap again on accounting standard + look through past year paper that I had done again
1st Dec: Go through everything + any technical articles that seem important
2nd Dec: Read through ethics + the things that I am spotting (risky but if you have done a lot of past year papers, you will have an idea)
3rd Dec: EXAM DAY!

2. Do past year papers from June 2014 onwards (since those are the only ones available on the website now – don’t bother doing more than that because the style is very different but if you have extra time, why not?)
I did the PYP from June 2014 at least 2 times (either by going through it or really doing it). I just roughly read through the questions that already came out the last sitting and paid more attention to things that haven’t appear.

3. Do revision in real life conditions.
Do the full set of past year paper and try to finish it within 3hr and 15 mins. If not, try and try again until you feel more comfortable.
This revision should be part of your last phase of the exam revision when you are more thorough with everything.
I remember about 14 days to my exam… For 7 days, I was doing one full past year paper each day to time myself. At first, it took me almost 6 hours to finish it then it got easier.

4. Ethics
Section 290 is important and is free marks!! So make sure you are thorough with it.

5. Accounting standard
You don’t have to be super knowledgeable in this area because you can pick it up by doing past year paper but it is still better to have an idea.
I did do a summary of the accounting standards last time in P2 so I just used the same notes and look through it. If not, you can just watch the summary videos on IFRSbox.

I did do a checklist of the accounting standard in P2 and tick it every time I have red the Standard so I know I didn’t miss out on anything. I did not read some of the Standard that I felt was irrelevant to AAA.

6. There isn’t much theory to read/memorize so don’t spend too much time on it. Theory marks are little anyway.

Goodluck to everyone and I hope this helps!

[ashleeeyc]

Passed with 79% at first attempt

[ashleeeyc]

does anyone remember the marks allocation for Q2?

I messed up badly, sigh

[ashleeeyc]

Hi! So apparently, it’s a “receipt” so we buy call for 0.032 and sell put for 0.123. Correct me if i’m wrong ? Cheers

[ashleeeyc]

Hi! So apparently, it’s a “receipt” so we buy call for 0.032 and sell put for 0.123. Correct me if i’m wrong 🙂 Cheers

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