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Failed with 43% at the second attempt. I don’t know which approach to use again. I really feel sad on seeing the result.
For those asking what approach to take after a few attempts, although I’m no expert at this but I felt I passed on exam techniques of writing the question rather then just hoping you have enough knowledge.
You can have all the knowledge needed but if you don’t have the techniques in answering the question you will lose marks.
Example
When your asked to identify risks a lot of students stop at only identifying the risk and do not explain (the obvious sometimes) or explain the impact on the fs.Hi all,
I self studied this module when I did F8 and I didn’t really use lectures. As you have done it before this is what I would recommend:This was very useful to me as it it pointed out the common errors students make, https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012/sa_oct08_lewin.pdf
Other advice I have seen:
1) Do pass papers… if you get some questions wrong, dont worry about it, move on to the next pass paper or practice test. There’s no point wasting time going over and over the same question because another paper will tackle the same question worded differently.
2) Make sure you learn key words and phrases… like “Substantive”, use words like “Agree the balance against… “instead of “Check”.
3) Be methodical in your answers, Give your answer and explain why your answer is right, and what the response should be, even if you think your answer may be wrong, or you do not even know the answer.. you should still write something. never leave a question unanswered.
I hope this helps and good luck on F8 and your further ACCA journey.
Many Regards,
Samir@xxpetrou said:
Passed by 64%, with second attempt (first on December was 49%, which made me crazy)
Anyway, the ones that have failed, just don’t give up, try to do many questions from the exam kit and to understand the procedures, that an auditor make use of to reconfirm information extracted by the customer. Try to have an understanding of the differences between test of controls and substantive procedures. Make all these familiar to you by reading and reading examples and also make use of internet info, like opentuition andd youtube(which has many videos explaining of various topics of syllabus).And the most important, start the effort from now, don’t wait until the last week before the exams, it’s very stressful and risky too. I know that the majority of acca students work, but if you dedicate a little time everyday (20-30 minutes in a 2 month period) it will be much easier. Good luck to everybody with our next exam sessions !
I’m sat at F5 course now feeling completely distraught as I hadn’t failed an exam thus far. Will attempt to sit both F5 & F8 in June. Will be doing questions in the weekends while studying F5 throughout the week.
@iraitis said:
Is it worth doing the administrative review? Felt like I should have passed.Dont waster your time or money, trust me
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passed with 66% first time through self study guide, revision webinars with Affaf Noor and cbe mocks. All free from ACCA. Textbooks were Kaplan. Total time about 12 weeks. 🙂 This is my highest F module result. 🙂
Congratulations to all who passed and wisdom to those who will retake. 🙂I think dont do it. I did it once they only will write you that revie was done but nothing will change.
failed with 45 🙁 thought i really was gonna pass this one….felt confident however i guess i need to work harder…
Passed with 52% in first attempt. Thanks to almighty God. Took 3 papers and passed all of them reached to professional level
@elmir said:
I think dont do it. I did it once they only will write you that revie was done but nothing will change.Do they show you your marked exam paper though?
@mmusli said:
Do they show you your marked exam paper though?No and the paper does not get remarked from my understanding. They only add up the marks again to make sure there wasn’t a mathematical error.
Which is not likely.The only way your mark could change is if someone was to reread your paper in case some marks were not picked up but they won’t do that.
Not sure which “learning guide” you are referring to but if you are looking for ACCA study guides they publish two:
A self-study guide aimed at first-time candidates https://www.accaglobal.com/content/dam/ACCA_Global/Learning%20Providers/self-study/F8-self-study-guides-nov-2017.pdf
And a retake guide:https://www.accaglobal.com/content/dam/ACCA_Global/Learning%20Providers/retake-guides/4910_Study_Guide_Retakes_F8_AW_interactive_AW_final.pdf
I passed 66%, first attempt.
You can do an administrative review if you did the CBE exams, but personally I don’t thimk it is worth it because the counting of marks is likely to be accurate.
However here are my tips for those of you that are asking about exam techniques, but I am no expert…
I always tried to answer most of the section B questions in three parts. So for example for audit risk…
1. WHAT is the risk?
2. WHY is it a risk?
3. WHAT does the risk effect? Is it an over/understatement in the statement of financial position or P&L? Only use the word misstatement if it can be either way. Or say if it is a detection risk etc..Then think of an auditors response (not management’s!)…
1. e.g Talk to management.
2. What about?
3. WHY?If you get a question on whereby you have to give an audit opinion try this..
1. State the risk/problem.
2. Is it material? (Do the calculation, show your workings and compare to the standard.)
3. Depending on the scenario give your opinion and WHY you have come to this conclusion.Get the idea? This was the way I approached the exam which helped me, although I always struggled with time management (even when practising at home) and ended up rushing at the end! Which was not great!
Lastly it may seem obvious, but always refer back to the scenario and NEVER use the word ‘check’ examiners don’t like it! Think about the mononic AEIOU instead. Oh and practise, practise, practise every past exam question using an approved practice and revision kit!
Well I hope that helps and good luck to everyone on their next exam sitting whatever the paper may be.
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