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Passed second attempt 55. Was the most difficult paper till now, only P2 left. To all those who have failed my advice is : Do not neglect narrative parts like I did on my first attempt. Get the professional marks, review how the exams kit present the reports.
Failed 42 first attempt. Will try again in March will take only one exam, hope this will help me to grab the extra marks needed as I think I may have prioritized P7 in December. To all those who failed just try to get the professional marks, think I did not get it this time. This is a very time pressured exam so this first experience should help us manage our time better. Good luck.
Passed with 55 marks first attempt. To Ildiko, review means only checking the arithmetical accuracy of your total, so it won’t change anything. You better study the examiner’s answer as it is probable that you did not answer the questions with sufficient depth. For example ‘explain’ means identify and then use you own words to shed some light on what you identified. If you only identify you will get only half of the marks.
I just did F9,P3 and tomorrow its P1.
The key thing for me was that I got two days rest between F9 and P3 and one day rest today (chose papers specifically for this reason and learned this trick from an open tuition student). I tend to cram everything in the last few hours though I have prepared the three papers for the last four months. As for the work load you will have to try it yourself to know, but I found it manageable, not that it means that I will definitely pass in the three subjects.
I am self studying full time and I can put really long hours on the desk every day. Around 10 to 12 hours these last three weeks, maybe 2 to 4 hours before that.I’ve got an example in Kaplan text, gifts given in 2013 and furthest in 2003. We must go back to 1996 to check if any GCT’s were made, so you’re right.
I am doing F8 also. You need to acquire an interest in the subject to be able to do well. It applies as well to all the papers, but F8 is a bit different because even if you learn the entire book, you could be sure to get maximum points in the first part of the question which is book knowledge, but for the other parts carrying more points you’ll have to relate any knowledge that you have to a practical scenario and you might be completely off the mark even if you know every words of the text. This is the most difficult aspect of this exam. What you might do is try to put yourself in the shoes of an internal and external auditor when tackling a question. Imagine you are in a store when a stock count is taking place, what practical steps you should take so that items are not counted twice for example. Or employees who clock cards and are paid overtime are paid only what they are due? Think along these terms and if you can relate knowledge with common sense you will do well.
I’m in the same situation as you. However I’ve bought a study text and exam kit as the past papers don’t keep up with modifications in the syllabus and any changes in the manner in which the questions are asked. The official kits are updated, that’s why you’ll see ‘suitable up to june 2014 exams’ for example. The study text of OP is a valuable tool so maybe you would just need an official exam kit.
Further to my last post, (I’ve been been working past F9 papers the last week), I would like to add that you should work out a few F7 papers that deal with the presentation of N.C assets on the Balance Sheet. You must familiarise yourself with the format in which n.c assets in particular are presented, namely cost, additions, disposals, nbv value as this is something I was not familiar with when I did F3. If I notice anything of importance I will let you know.
F8 is next for me, passed F7 in Dec. I don’t think you need to know anything from F7, just the knowledge from F3 would be enough. Things like allowance for bad debts, events after the balance sheet date. However I’m finding this paper has a very practical slant to it, so if you have work experience, be it in the accountancy/ commercial / marketing department it will help you more than anything you can learn from F7.