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There’s a whole chapter dedicated to them in my textbook. Chapter 15 of Kaplan.
@padraig.kelly said:
Hi, thanks for the reply.
I’m in audit so I have to do this variant.
I have the BPP book and didn’t find it great. I’m repeating and using a book I bought over a year ago though so maybe the latest edition is better. A colleague who took classes mentioned that they just received a handout covering the Irish GAAP towards the end of the course. He didn’t keep it though so I’m still on the lookout.Well maybe try Kaplan or Becker (I would recommend Becker probably it’s what we used in accountancyschool) if you don’t like BPP.
Very little was talked of in regards to the Irish variant in my course.
I done the international version as that was highly recommended to us.
If I was you I’d look up all the UK standards and the differences between them and the IAS’ in a text book or online. Also read the alternative solutions in your revision kit. These cover the UK standards. Remember UK and Irish standard are the same as its the FRC who set both. They are Irish and U.K. Generally Accepted Accounting Practices. That’s why you don’t see a Irish specific textbook or anything.
Hi,
Any of the UK books such as BPP should be good.
Irish and U.K variant of P2 is effectively the same as it’s the Financial Reporting Council (FRS) that set the standards for Irish and U.K. GAAP.
Therefore read something like a BPP textbook to see the extra 15% you need to study. FRS 102 is a new thing from January 2015 and should form part of it.
Hindsight is an unhelpful friend, but in hindsight, maybe you should have chose the international version. Anyway it is what is. You may not regret choosing the Irish version if you plan to be an auditor in the future.
@johnmoffat said:
We do not allow free advertising of other websites (just as other website do not advertise our website 🙂 )Well that fair enough then I respect that.
Thanks for clarifying why.
@soho said:
I can be professional for people or circumstance that calls for it, for people that disrespects each other, I dont see the need toand hey mind u, being aggressive and assertive is a trait in the biz world
Hey buddy I meant no disrespect.
I just feel your method of study was risky and your marginal pass was evidence of its risky nature.
Sure it work for you, and well done on that, but then another person trying this same approach could see it backfire on them in my opinion.
I particularly disagree with the part where you suggest you can BS your way through the question. That is not the case, examiners go out to try and make it hard for people who try to BS. Okay for you it might be all common sense and you feel you have enough to talk about the topic after just briefly reading up on it. But might not be the case for others and they will fail if they try BS. These are professional papers if we could pass them on pure waffle it would make a mockery of the ACCA and they wouldn’t have the reputation they have now.
Well I was going to suggest another site similar to opentution but an error comes up when I put its name in the comments and press post.
I wonder why opentution would block me from posting about this site (or it at least appears they are).
What do you mean? The topics from past papers that are no longer examinable?
Buy a recent practice kit from one of the platinum providers and you’re safe in this regard. Otherwise you’ll have to research yourself.
I for one found there to be much truth in what you are saying. You’re right by telling people not to listen to the negativity. Listen to negative nonsense will dent your confidence.
I have always thought that if you worked hard enough and were determined, persistent and focused enough doing multiple exams at a time, even when working full time, is more than possible. I have been sitting one at a time so far, but will be doing my last few together. Good to see a positive hard working attitude will go the long distance I expect.
@michaelmonti said:
Anyone?Personally I don’t think it really matters all that much what grades you got. Experience is the big thing really. The bigger, more and better your experience the more attractive you are going to be. If you got an exceptionally good result, like one of the best in your country, then put it in your achievement section on your CV by all means. But if you got 60 to 75 mainly in your exams I wouldn’t bother personally. I would be selling my experience and knowledge from my workplace the most to employers.
– Attend lectures from a good tuition provider if possible. You could still buy some distance learning course right now that have recorded lectures you can use and watch in your own time i.e. Kaplan. If this is not possible Opentuition lecture are very good (personally use them on the side of my main course). Ken I believe even wrote a good few of the technical articles on ACCA’s website so he obviously knows his stuff.
– Practice as much questions as you can in the time remaining. Preferably under timed conditions, but you may need to do some untimed in the beginning to see where you are at first.
– Put yourself through as much mock exams as you can before the exam. There is three in the BPP texts for example. Kaplan offer interim and final mock examinations with their texts, see their website for details. Becker also sell a mock exam and interim exam pack for around £5 I believe. The ones given by my paid course and text books was my personal go to. But a free mock exam would simply be practising one of the past papers from the ACCA website.
– If you can get as much question that you practice marked by a lecture, or anyone qualified to do so, for example. It’s all great practising by yourself and reviewing your own answers, but as my lecturer put it “what makes you qualified to correct your answer?”. Reading examiners solutions is all well and good but often these are too long compared to what would actually be expected of you and don’t give you any direct or personal feedback.
– Read the examiners reports! A lot of students ignore these and end up falling into the same traps many before them have falling into. The examiners reports are the examiners direct feedback and advise on what is/isn’t best practice in the exam. Read at least the past three. But more importantly make sure you learn something from them. Make sure that after you’ve read them and taking on board the examiners feedback and advice you can confidently say “Yes I will do XYZ now in the exam and won’t do ABC”.
– Read the technical articles. ACCA have approved them and put them on their website for a very good reason. They don’t do things just for the fun of it. They are part of what you need to study and ignoring them could prove fatal.
Do as much as you can between now and the exam and the very best of luck to you.
Here is the advice from the last P3 global prize winner as per interview in Student Accountant magazine (a good read along with PQ magazine imo).
“Question practice is one of the most important things you can do – in the exam, you must be able to apply all the knowledge you have gained, and completing past questions is the best way to learn how to do this. In the case of P3, this means knowing the relevant models and how to apply them in a practical context.
I think you should also give sensible ‘real life’ advice in your answers, but be able to justify your opinions – there are often no ‘right’ or ‘wrong’ answers to the questions, but a well-reasoned, commercially sensible answer goes a long way in the exam.”
She then goes on to give advice regarding exam technique. Read the April 2017 edition to see the rest of her interview.
Exactly the type of aggressive, unprofessional, idiot we don’t want in our profession.
Do you speak to all your customers/clients in work with that tongue?
You’ll go very far if so (or not).
Congratulations though on successfully slipping through the net.
@kaffie said:
hello,Are you saying that just reading through the articles on the websites WITHOUT studying the texts/notes plus exam questions practice is sufficient to passing this paper?
It seems it was his policy, but he probably just got lucky (as the 2% skin of the tooth pass suggests).
On another day the correcter could have easily failed him.
Of course it’s not too late. There is still over 10 weeks at this point.
Knuckle down and study as much as you can and be determined and dedicated and a pass in June is achievable. You’ve got to be determined, focused and persistent, but that’s the case no matter how early or late you start studying anyway!
One of the few ways doing an option paper before any of the essentials makes sense is if you work in tax and would do really well in P6 as a result. You might find tax is your best subject and opt to do it first. Or maybe you really like the look of P4 (despite it being arguably the hardest subject).
Doing P5 before P3 and doing P7 before P2 would be insane. There is no justification for doing p5 before p3. P7 requires you to know the accounting standard too so unless you have lots of experience in work applying accounting standards and you also work in audit at the same time only then there may be a reason to try P7 before P2. Otherwise you’re crazy to do P7 before P2.
If you are a visual learner than a mapitaccounting may be useful to you.
I have bought Kaplan short video lectures and they are good for revising a topic but nothing else.
It ultimately depends on you. If you feel visual learning is your kind of thing then mapit looks worth the go for just £50 and see what they’re like.
I personally have bought a online course with a platinum standard college. I feel this is the best way to go as the feedback you get from assignments, etc is very good and in my college the lectures for the classes are recoded and can be watched back online. They’re 3 hour lectures and cover a lot of detail.