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ok i do that again, do u think listening to OP lectures to refresh knowledge would be benficial or time wasting now!
thanks 🙂i actually did that all that’s why im so confused 🙁 i’ve following all that i have a previous thread (general confusing questions) where i asked about all that and followed ur advice, may be i need more practice and comprehension .
so what do u recommend best to sit next session! u didn’t answer this one!
regardsp.s i scored 40 now and 30 last time on p7
for p4 i scored 44 when i sat
Can I answer one previous question paper and post it for marking so that I can be able to identify how I do wrong please?and im confused what to sit after a month and a half! i have p7 and p4 left, p4 i first sat june 2015 once, so which recommend i better sit now! or both!
i blieve there’s a luck matter now
regardshi mike
i noticed answers for additional information questions is similar to evidence questions answers, is that true?before is used to write the plan in the question paper not the answer booklet, but sounds brilliant to write it on top of the page of the answer … thanks for the strategy
hi mike
so with a small paragraph of say 12 marks, is it safer to think of 12 issues, OR 6 issues each with 2 points of explanation?should i always assume 1 mark a point or 1.5 marks a point! because sometimes there are short scenaios with little information!
and yea for exams i solved i only check answers , main points from marking scheme, am i in a safe place! i think i’ve revised the KIT answers in full so no need for detail, after all scenarios differ
regardshello mike
i meant by my question: when im answering say 40 marks question planning time would be 20 min , during which am i suppose to have read whole scenario and highlighted main key answer areas, OR i would just plan what would be the context of the answer before reading the scenario!
another question: answers to matters questions is pretty close to answers to material misstatements right!
and finally: i’ve solving exams but only planning answer bullets, how many mock (real exam conitions) do u think i preferably do!hi
so the calculation of all types of revenue is now similar to construction contract accounting right!
and i want more guide on what u’ve mentioned earlier on question answer planning do u mean by :” practice PLANNING answers within the time allocation for the planning element of answering questions (number of marks / 2 = number of minutes planning time)
” :
only planning what would be the answer before reading the whole scenario or that’s the time for reading and planning?hi
sorry i meant is IFRS 15 on the syllabus for june 2016! and if it is give me an example, in P2 articals it said it will be tested starting sep 2016, but what about for p7!on p2 IFRS technical articals it says it will be tested from sep,not now june right! if it is would u please give me an example, i got so confused
regardsthe chapter of integrated reporting and performance information right? is IFRS 16 tested now! 🙁
hi mark
im reaaaally grateful for your patience, i have one final question: i have a 2014 book and i can see there’s an addition to syllabus in acca website of performance information (predetermined objectives) what’s that subject all about can u give me an example?
you really is my life saver recently god bless you
regardshello mr mike
about evidence again, i found for example in the KIT this:” recalculate borrowing costs, depreciation, and agree to financial statement figures” to me this looks like a procedure too, recalculation is an action isn’t it!
2- when given FS and asked for performing analtical procedures, should i highlight notes matters only or add some ratios on profitability, liquidity, gearing..i don’t want to be offpoint and time wasting
3-similarly to evidence/procedre confusion, is audit/business risk, for example in KIT i found: “emphasis on 1 brand name” as audit risk inherent, to me this looks likea business risk!
regardshi sir
u didn’t tell me whether my understanding of audit evidence is now correct?
can u please give me examples of where misstatements are pervasive! is it only when there uncertainties regarding going concern status! my understanding of pervasive is when the misstaement affects several figures in the accounts but don’t know what exactly wouldhi sir
i REALLY really appreciate your kind co-operation, i used to confuse evidence meaning thought it means the documents we should search for to proceed our audit to discover if there are misstatements, now out of what u explained i understood that we already know there’s a matter (misstatement) and when asked for evidence we’r actually asked to bring it out of our audit file. did i get it well now?
dont u think things like: contents of PFI reports- forensic auditing- liability disclaimer-quality control procedures- due delegence- transnational audit- things to verify before reling on work of others- contents of tender document….etc needs to be learned by heart to save time in the exam!
regards sirsorry let me add this one too: is analatical procedures performed wether the audit approach is tests of controls or substantive testing! or only with substantive testing? and are they always preliminary at planning stage or some are at later stages!
so u think my problem is more of knowledge not practice!! i thought i knew the main models very well, and yes p2 , didn’t read a text but pacticed the questions alot, which i don’t do with theory subjects, as i mentioned earlier, i only verbally answer it.
do u think i should learn some things by heart? cause that’s something i never done since i started my ACCA jounery!!
i REALLY wish if u can test me and tell me where i went wrong and what my weaknesses are! 🙁
thanks tutor