Forum Replies Created
- Posts
Finally passed it 52%. Last term in Sep, i fail 48%. After more reviewed and past exam practiced, i finally made it. Thank Opentuition, without this forum, i would not possible to passed as a self-study student in Cambodia.
finally passed it with 50% for my second attemp. My first attemp was only 37%. Thank open tituiton mates for your valuable advices! now m preparing for P7 this Sep 18.
@monica786 said:
Hi,
This is what I felt about the exam
I got 66% in audit first time …my tips are you need to know your P2 knowledge as this will be tested. You are auditing the financial statements given in the exam I.e if they are in accordance to the ias and what the risks there are that they are not. With audit I found it’s best to be concise and to the point. For example: define: accordance to ias ppe , ppe should be recognised if the following criteria is met e.g probable eco benefit and cost of asset can reliably measured. Relate to the scenario, according to the senerio an item has been capitalised but doesn’t meet the criteria of probable eco benefit as it dependent on blah blah, therefore it can be argued that the ppe figure is overstated. There is a misstatement risk. Something like this this. Sorry I wrote this as an example from the top of my head.I felt it is best not to use words it like it is wrong or incorrect but like there is a possibility that it’s overstated and understated. And when I wasn’t sure which standard it related to I was like it can be argued that this relates to this standard because xyz. I hope this makes sense. Definitely do the exam kit invest your time in this- it will give the technique structure that you need for the exam. Also the articles are useful to read although I cannot remember if that came up.
Big thank to Minica for your detail guidance,it helps me alot.
Thank Kim. Regarding to the study material, BPP text and kit June 2018 still can be used?
That’s true. I completed every parts of the questions in March exam and still fail.
i found out my mains pitfalls was : 1-Mis read the scenario and requirement (most of the time i find them very confusion, not sure of what they examiner is asking for) and 2-Difficult to form the appropriate answer.
Anyway, currently, i try to practice the past exams and study the question requirements for ths Jun exam. However, some basic knowlegde still lack of, especially on the iT system parts.Wish u and i pass this jun exam.
Hi Kim,
Thank for your advice and feedforward. Currently, I try to reflect back of what I did wrong during and the weakness and to improve them to prepare the next sitting.
37% fail. last term I fail P4, this term fail P5. what a life! just 2 less, why take so much time to finish up!
@cm69170 said:
Q1… cascading down the business through CSF’s and KPI’s… went for some points around the performance pyramid and spoke generally, ZBB marks were pretty easy to grab with general definitions, characteristics and comparisons to incremental which was used in the case.Q2… UCD seemed as though the issues were clearly in the case study to pick out and develop into points in the answer… easy marks here it seems? basically time, cost(long term cost benefits), reliability, flexibility and differentiation improvements with a UCD.
Q3… EVA calc, not sure if i added or deducted the right depn, one way meant a huge value destruction and the other a small value added… i ended up with a destruction and made the point to compliment the figure i got. Hopefully that gets credit!
Fingers crossed for the results!
___________________________________________________________________
Q1 part A , what does it want exactly? i’m not clear with the requirement. So my aswer was explain the meaning of the Mission, CSFs and KPI and how they are related to each other. Also, part C the Benchmarking, how do we answer this question?
Dear John,
Thank for your explanation.
#1 to # 3, i have understood.
But #4, i am still not clear about it. The 7.5% we get it by ( 4.5%+ 300/100), right ?
So The subsidised loan is 200 basis points should be 6.5% (4.5% + 200/100)@trebleo said:
Time management. This exam is unfairly time pressured. Learn your exam technique to get through the questions as efficiently as possible but if you have used up your time allocation in the question, then please move on. I spent too much time on one question (75 minutes instead of 49) and failed because of this. Aim to finish of course but do not be obsesse If you manage to attempt 85-90% of the exam, you will have done well. But of course, aim to finish.Also learn the whole syllabus. Learn the core topics, but it is also important to have a basic knowledge of all of the smaller topics. This is because the examiner will make it very hard to get high marks on the core topics. If you have basic knowledge on the smaller topics, you can boost your marks with easy points.
Thank to Treblo for your advice. I try to understand whole syllabus as much as possible before going to the exam kit. For the time management, i am fine with it.
@waseem225 said:
Study the full syllabus, make sure you have gained good understanding on every chapter.This is a really time pressured exam. time management is the key to pass this paper (Even with 100% knowledge you can’t pass this paper until unless your time management is good).
So practice as many as questions and past papers.
This is what I learnt from this paper.
Thank Waseem. Now, i am working the study text for a month, then move on the work the exam kit and pass exam.
@brugal84 said:
Excellent, that sounds familiar 🙂I see. Then i made another mistake. I did not revaluated that PPE as i saw the question stated that both Parent and its subsidairy used Cost method.
Regarding to the depreciation, i charge only 50% to the P/L as i think that only 50% is owner occupied which shall be depreciated, and another 50% part is an investment property which we don’t depreciated it. I am not sure, if it right or not.however, wish all of us pass this exam, i don’t like to re-take.
@evus said:
I added my depreciation for plant back to the net assets and used that figure for workings 3,4 and 5. When I remembered too late to cancel, just left it. Hope I won’t be penalized guysDid you add back the depreciation 100% or just 50%?
