[Wong]

@mungbean83 said:
Hi Wong,
Thanks! This time, I had no relationship problems but also the fire to pass! hahaa

Basically I knew my ISAs inside out, learnt and understood most of the common IAS and IFRS (skipped employee pensions and rare ones). Studied past papers, how points were distributed and READ the question.
If they asked for audit procedures, don’t just say talk to management, state an example question you would ask and why (e.g. enquire whether evidence is checked before accepting them as customers as this demonstrates whether they fulfilled their AML duties).
I realised especially with question 1, when they ask for business risk, don’t state 10 risks, it’s better to write 6 and do them well explaining why they are a risk and potential consequences such as investing tons on R&D could lead to financial risk as a majority of that could fail, and the return will take a few years to realise etc.
Make sure you identify the differences between Business Risk, Audit Risk and the other one. Don’t start talking about IAS, IFRS and under/overstatement when discussing Business Risk.

Best of luck and you WILL pass!
🙂

Thanks for sharing bro 🙂
I will take note on your tips and hopefully it helps to give me a PASS in coming exam…

[Wong]

Hi mungbean,

Thanks for sharing!
I will take note on your tips and hopefully it helps to give me a PASS in coming exam…

[Wong]

@mungbean83 said:
Finally an affiliate!!
This is my fifth attempt and I was on the verge of giving up if i failed again this time….I suffered many setbacks for the other times due to relationship problems but don’t give up!! This time has been the HIGHEST I ever scored in ALL my ACCA exams

Dec 2012 : 47
Dec 2013 : 47
Jun 2014 : 43
Dec 2014 : 41
Sep 2015 : 71

Hi mungbean, this is so impressive, u did well!!

Mind to share how do u study for Sep 2015 exam? And what’s the differences as compare to the previous 4 attempts? I failed several attempts as well and I wish to pass it desperately in coming Dec 2015 sitting…

[Wong]

Hi mungbean, this is so impressive, u did well!!

Mind to share how do u study for Sep 2015 exam? And what’s the differences as compare to the previous 4 attempts? I failed several attempts as well and I wish to pass it desperately in coming Dec 2015 sitting…

[Wong]

hi, add me please wwc_1988@hotmail.com
thank you

[Wong]

Hi Mike,

Noted with thanks!

[Wong]

Hi, noted that IAS18 and IAS11 have been replaced by IFRS15 in P2 syllabus, is this applicable to P7 (September 2015 exam) as well? Having said, we should have to quote IFRS15 instead of IAS18 and IAS11 when we write/discuss about Revenue or Construction Contract in the exam?

Noted that IAS39 has been removed from P2 syllabus as well, is this applicable to P7 as well? Meaning that we can’t quote IAS39 in the P7 exam?

I’m taking Sep15 exam (3rd attempt), kindly advise if there is any changes/issues that i should be aware of..

Thank you in advance!

[Author]

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