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Passed 2nd Attempt – 62%
Based on my experience, the exam techniques and basic concepts played most important role. Get a good mentor that suits your style. Watch all videos from IFRSBox, tremendously helped break down complicated standards into simple explanation.
1st Attempt: September 2018 (Failed – 46 marks)
I took chances by taking P3 and P1 when the syllabus was about to change. Unfortunately, did not pass P1 so had to re-sit for SBL. Since the syllabus content was like a combined of P1 and P3, did not take any classes for SBL. Went in for the exam and failed. Reason being-too much model/theory application rather than case application and lack of exam techniques.
2nd Attempt: December 2018 (Passed – 63 marks)
This time I joined revision classes just to get the proper exam techniques. Here’re few tips that I can share with you guys:
1. Don’t focus too much on theory/models. Sometimes, simple common sense goes along the way.
2. Allocate marks per page strategy. Eg: Q1a has 8 marks, allocate two pages and immediately labelled on top the Qs no.
3. Set up formats for “ALL” Qs first (after allocating pages)
4. Read requirements, identify key words and use sub-headings
5. Once everything set up, just read through the exhibits and write answers directly to spaces provided. Read…write…read…write… If you plan to finish reading ALL exhibits first, by the time you plan to write, you may forget certain facts already and waste time flipping the exhibits again.
6. Pluck facts from case>Match with relevant requirements>Elaborate a bit more eg: why it’s good or bad?
7. Be generous with spacings and page allocationThe techniques require practice. At first, it may feels a bit uncomfortable because we have to spread out answers rather than focusing on one particular question but as we read along the exhibits, the empty spaces will be filled up. It’s all about matching up facts in case with the requirements.
Note: Just for disclaimer, this is not 100% guarantee pass techniques. It may work for some but it may not work for others. Best to evaluate what suits your style and plan accordingly.
Hope this helps!! All the best fellow ACCA students ^^