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No, the prudence concept dictates that a loss on an intracompany transactions, assuming it was done at FV, should be recognised immediately
I had ABM as question 3, could have done with 10 more minutes, but the first part was straightforward
I felt like my answer to the second part was the only weak part of my paper as I didn’t really have enough time to link properly to the caseThe NFP question for Q1 certainly surprised me, but the principles behind linking CSFs and KPIs to mission remain the same, also the NFI section was not too bad.
League tables come down to “what gets measured gets done” and the conflict between the league table measures and the KPIs, and then the potential impact on behaviour which I split depending on whether DP would be high or low in the tableRe the Q2 occupancy benchmarking, the data they gave was enough to calculate that the occupancy rate for the competitor was 72%
Also you could calculate that their planes seated 250 compared to 100 seats on Fyvie planes, which had a big impact on the environmental impact partI managed to sit my SBL remote exam today, although the whole thing just hung with 15 minutes left to go and wouldn’t let me do anything further. Thankfully I’m pretty sure I had already done enough to pass, but they really need to get a handle on all these issues
Olabodeyy, I use the same technique for all my exams, I took two in each of the last 3 sessions
F4: 69%
F5: 84%
F6: 92%
F7: 87%
F8: 86%
F9: 76%Basically, the OT lectures and notes pretty much contain everything you need, but you have to learn the content, not just watch the lectures.
I do one loop through all the lectures, making notes <— making notes is the difference between pass and fail
Then I study the technical articles on ACCA
Then take a practice test to see where your weaknesses are and study those
If I have time, I then go through all the lectures again, on 1.5x the speed, just making notes on things that I didn’t feel I had learnt properly
The last 2 weeks for me are just studying my areas of weakness, doing practice tests, and getting restThis exam was actually the hardest for me, as I had absolutely no clue about anything to do with auditing prior to beginning my study. So, I looked through the past exams and realised that I was almost guaranteed to get questions worth big marks on Internal Controls, Substantive Procedures and Audit Risks. I made sure I studied these hard and fully understood how the marking system worked, and what the examiner would be looking for
I work full time as well, so taking 2 exams per session is pretty intense. Now I’m done with the F level I’m just going to do 1 per session
@nasry96 said:
Wow how did you do itI took FR and FM in the most recent session, scoring 87% and 76%. I’m working full time so I was limited to evenings and weekends, My 3 month schedule looked like this:
2 weeks – watch FR OT lectures and make notes
2 weeks – watch FM OT lectures and make notes
Take one practice test of each course and see how badly I did
Looked through all the past papers on the ACCA website and made a note of the most likely subjects to appear in section C
2 weeks – went through all FR technical articles on ACCA website, making notes
2 weeks – went through all FM technical articles on ACCA website, making notes
1 week – FR studied specifically the things most likely to appear in section C
1 week – FM studied specifically the things most likely to appear in section C
1 week – FR practice tests
1 week – FM practice testsThe most important tips are to make notes on everything you don’t know. During the lectures this will be most things. By the time I got to the technical articles there were some parts I didn’t need to make notes on
Now I’m studying for AA and PM in December
It depends on your prior knowledge. If you have some familiarity with the tax system, then identify your weaker areas, study them, and then focus on practice questions.
If you are not already familiar with the tax system, then I definitely recommend 3 months of study if you want to be confident of a pass. It’s a large syllabus!
@andre74 said:
Hi,Playback seems like a good idea. How do you set the playback, if you are watching on a iPhone?
Thanks
Andre74
If you use the Youtube app on the iPhone, tap the 3 vertical dots in the top right corner, then tap Playback speed
@osazuwacynthia said:
@ecojames congrats. Can you share your study tipsAbsolutely
1) I only used OT study materials. Mainly because I didn’t want to get bogged down with anything that wasn’t essential for the exam
2) I went through the whole set of lectures, making notes on everything. This basically resulted in me pretty much rewriting the lecture notes by hand. It’s very helpful to hear, read and write something if you really want to learn it. I ended up with about 120 pages of notes, too much for proper revision
3) From this point on, everything is about identifying the areas of weakness and focusing study on those areas
4) I took a practice exam at this stage to make sure I was on track and find my weakest areas
(I also took F4 at the same time as F6 so I was fitting that studying in as well)
5) About 3 weeks before the exam I went through the entire set of lectures again. I set the playback speed to 1.5x – 1.75x to get through them faster and just made notes on the things that I hadn’t fully understood/learnt. After this I ended up with about 25 pages of notes. Much more manageable for revising
6) I bought the mock exams from both BPP and Kaplan and went through them. This was essential, both in identifying my areas of weakness, but also in learning to read the question properly. There was also a part of a section C question in my exam that I definitely would have got wrong if I hadn’t done the mock exams.
7) In the 2 days before the exam, by this point I knew my remaining areas of weakness (mainly IHT) so I could focus my revision. I also made sure I got some down time to rest my eyes and my brain
8) Took the F6 exam on the Tuesday, then repeated point 7 for F4 and took that exam on the Thursday
Now I’m studying F7 and F9 for the September session
