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<cite> @Fidget said:</cite>
You’re setting yourself up for failing all four if you go ahead with your idea.disagree.
first – he passed all four, read the conversation carefully, he said it on August 9th.
second – i’v tried f4 and f5 at my first sitting and failed. i got something about 45 marks on each. so i’ve decided to sit f4, f5 and f7 at next sitting and passed them all. Why? coz i’ve been already almost prepared for two exams. why waste time? I’ve just spent about a month preparing for f7 and about a week revising f4 and f5.
You should always go for the maximum.oops, didn’t note that you have already passed it))
congratulations, man, you’re great!Good day.
I’ve attempted this time P1, P3 and P4. P1, p3 – pass, p4 – fail, 45 marks. solved only 75 marks in total, it’s pretty tough in timing, so i just had no time enough((
each time i’m taking 3 papers and always passed all 3. so i can tell you, that p4 requires really good preparation and understanding of all possible techniques to be used, since the exam covers all the syllabus.
P3 is pretty easy, you just have to read it good and read previous exam answers to understand the structure.
So if you know p2 really good and if you study p4 really good, you can try, but you’ll have to start preparing in august-september.
Also note, that p7 pass rate is very low, so it’s not that easy as one can think (same as p4, actually – about 35%!).
And note, that p4 is next day after p7, same as p2 is next day after p3, so you’ll have no time between exams to prepare.
But if you are veru sure about p2 techniques and if you’re able to understand mathematics in p4, go for it, try your best and always go for the biggest deal)Good day.
It’s PUT and CALL, not PULL!
Put option is the option (you get the possibility) to SELL something (you put it to the market and someone can buy it).
Call option – you can buy something (you call the market for something).When you get the problem, say “you are in UK will get the $ payment in, say, 3 monthes”, this means that you use Pounds (since you are in UK), but you will get US Dollars, so you will need to sell the $ you will get in 3 months. But since you are in UK, the basic commodity (or however it’s called) is Pounds – your local currency, so in UK put option is to sell pounds, call option – to buy pounds. So you will need to buy pounds (you sell $ = you buy pounds), which means you need a call option.
easy: when you calculate d1 or d2 using formulaes provided, you take the number (say, d1=1,6789) with 2 decimals: d1=1,68. then you find the line and the column according to your value: line with value 1,6 and column with number 0,08. you take the number in the according cell: 0,4535. Since d1>0, you have to add 0,5 to the value to get N(d1): N(d1)=0,4535+0,5=0,9535. Same with d2.
If d1<0, say d1=-1,6789, you subtract the number from the table from 0,5: N(d1)=0,5-0,4535=-0,0465.To avoid these problems i’m registering for p1, p2, p3, 04 but i’ll be sitting only p1, p3, p4. They are scheduled comfortably, so i’m paying p2 fee as the payment for comfortable schedule…
I studied f8 international and it was good enough. But Don’t forget to read previous exams and articles, coz the book gives you theory, but in exam paper you’ll have cases, so you have to obtain knowledge of typical questions and answers.
I didn’t read the uk book, coz i have an experience of international audit, so i was ok with international immediately@anisa786 said:
What should I combine with P2 or should I write P2 in Dec 2013 and P5 and P7 in June 2013? Is this manageable?
Good day and congrats on december results.
I’m thinking almost the same – i passed all F-papers and now i’m planning on 2013 year to pass all P-s. 3 in summer and 2 in winter.
I guess, you should look back on f5 and f7 and remember which one was harder for you, coz p2 is the P-paper for F7, while P5 is P-paper for F5.
If F5 was easy for you, you should take p5&p7 both. Still, you shoul not that P7 is on monday and P5 is on wednesday, so you’ll have just one day break between exams. For some students this can be a problem. P2 is week after P7, so you’ll have plenty of time to prepare for it, including weekend!I would suggest you take P5 and P7 now, but concentrate on P5. If you fail P7, you’ll try it again with P2 and it’ll take less efforts to prepare for it since you’ve tried it in June.
You should make your best and prepare for it once again. Don’t try to study for 2 more marks – you will fail. Try to study it all once again, read all previous exams, write your own answers and compare them to the examiner’s ones.
If you read it now and feel like “i have just read it yesterday, i remember it all” – have a break of a week or two, you should anyway start over, but not just scroll through the book.
Of course you can scroll through the book and try if you pass, but then you should be prepared for a roulette. If you like gambling – that’s your choice) it worked for me long time ago with f4 – i got 40 marks, did nothing and had 66 marks half year later. (well, actually i have given much broader answer second time, but i studied nothing new!)F8 is pretty easy if you have any practice in audit.
If no – it can be time consuming, but you should read several previous exams answers anyway to make sure you understand what kind of answers the examiner expects you to provide!If you have 2 exams left – you should anyway try for 2. If just 1 left – what would they do if you try for 2 optional papers, i wonder?)
If you have experience or studying background in uk – take it. If you don’t know neither uk, nor int – take int, it’s not hard at all and it makes much more use worldwide than uk anyway)
45 is pretty good, i’m pretty sure you lost some marks in p2, coz it never happends that you get a full mark for a question)
Maybe you didn’t provide enough explanations on the Calculations you made and the examiner could think that you just guessed. That would make you loose half of the marks.With this result i think you can try for 4 papers and concentrate on main topics of p2 and arithmetics of it. Also read some articles on p2 and previous exams answers to make sure you provide the same explanations as the examiner expects you to.
That’s cool and you should try but only if you are really sure that you’ll have time to prepare for all of them or at least it wouldn’t be studying a little bit in all papers. You should make sure that you prepare perfectly for at least 2 of them, so you don’t make it just a waste of time. I’m always trying 3 papers a time, but if you have only 4 left and you did p2 pretty good…
You can go for 3 papers at the same time, i’ve passed f4+f5+f7 in june12 and f6+f8+f9 in dec12. I assure you that it’s all possible, all you have to do – is study good,
What i did was i started studying right after i got my marks. So i had 3 monthes for 3 papers. I’ve read all the theory with a marker and a pencil, all 3 papers and solved all the questions given in the theory book. It takes about month and a half. After that you have 3 books all marked with all questions solved in it. After that i compiled a short notes of all these books, so 2-3 weeks later i had short notes for all the books, i never used it but it helps me to get a good structure of the syllabus in my head and remember the checkpoints and main ideas of the syllabus. After that you have 2-3 weeks left to solve previous exams. I usually did the last stage in the opposite order to the exams order – if i have exams order e.g. F7, f5, f4, then i’ll first do f4, then f5, then f7. This made me finish f7 preparation just before the f7 exam. After f7 i have a short follow-up of f5 which i have already prepared in full and just had a break for f7 sitting. And after f5 i’m making short follow-up of f4.
This worked for me, maybe you’ll find this helpful. Anyway, everything’s possible, so you should try and always do your best.
First pack-of-3 was very hard for me, but the second was pretty ok. Now i’m even thinking if starting CFA simultaneously with final acca papers, coz i don’t want to waste time anymore – wasted too much of it in my youth)Good luck!
in month or two, i think.
last year when I got my results in february, I have downloaded the new papers immediately (it was mid.february at the moment).
Anyway, if you want to start studying right now – take the 2012 papers and start studying the concepts of financial management, working capital management principles (management of cash, payables/receivables, inventory), NPV techniques, valuation of shares and bonds. These topics won’t leave the syllabus anyway!are you sure that you stated the question correctly?
If you mean “Audit procedures” – these include all the procedures required to perform audit – understand the business, assess risks, test controls, perform substantive procedures (or substantive tests). So substantive testing is one of the audit procedures, supposing the audit on a very big population (finally depending on the results of the test of controls), which may cover up to 80-90% of the account.If you mean difference between procedures to obtain audit evidence and methods of controls testing (enquiry, inspection, observation, recalculation, testing/analytical procedures), then they are the same, but test of controls is performed on a sample, while audit evidence is the method of gaining the assurance in general meaning, applicable to numerous situations.
I guess what you got wrong is the essence of lifecycle costing (and maybe other costing techniques). What is core about all costing techniques is that they are all about costing – how to control and manage your costs to get required profit. And what thay want from you is to understand that in f2 and f5 we are only talking about cost managing and cost accounting – ways to define cost drivers, control them and account. Revenue is not what you can control using these techniques.
If you are totally unaware of ifrs and reporting – i wouldn’t recommend you. Cases in f8 can ask you about deficiencies or mistakes in accounting, so you should be aware about some principles like revenue and cost accounting, receivables/payables, inventory pricing. E.g.sometimes they ask you about inventory count and expect you to say about inventory valuation – at less of nbv and realisable value.
@abgreat1 said:
yes fixed cost was not included……In june2012 exam fixed costs were included, so i think this time they are part of the cashflow too.
Well, i hope in february the world will be all colors of the rainbow for us)
Good luck!)Good f8 is a good base for Prof. Audit paper)
F7 is very technical – you have to make perfect consolidation, cashflow and trial balance, that would be 75 marks, no need to concentrate on all other topics. I did so and got 60 marks on it from the first attempt.F8 was ok this year, at least it looked like it. Actually it looks always the same – all topics covered and after an hour your writing hand is ready to fall off))
F9 tomorrow – that’s the interesting one. Pass rate is below 40 for the last 3 exams!)I think you should treat it as a “sunk marks”))
Learning it by heart will take some time and some place in your head, but the VAR of it’s appearing in the exam is low – it was in previous exam and it costs just 5 marks)So better study NPV, DCF, WACC, CAPM and MM to get maximum of them)
