** ACCA P6 December 2013 Exam Results and Genius Hunt Competition **

Please give me tips on how to pass this paper.
This was my 1st attempt and didnt clear . Its the last paper to go

Hi. Please do you have any smart tips and techical advice for P6.

Like most ACCA papers once you k ow the technical skills and what examiner is looking for you can pass. Many thanks for your time.

Hi, congratulations that is a very high mark, I am just going to take on p6 now, which study materials did you use, did u have access to any online lectures as unfortunately our opentuition doesn’t cover p6

Your response will be greatly appreciated

Thanks

Hi, Got 58%. That’s great for me, off to affiliate. Done & dusted now. Those nights of torture and the cold. Praise be to God in Heaven!!!

To those who didn’t make it, my advice keep on keeping on, you will eventually make it. It’s not impossible, but that extra mile will work wonders for you.

hcj08e,
I want to believe those that haven’t replied didn’t because its really difficult to say what exactly helped you pass. Let me say what I think helped pass the Ps. I am full time employed Finance Manager, a wife, two kids at school, run a small business on the side. I didn’t have formal classroom lesson, so I taught myself. My advise would be:

1. Spent as much time studying as possible. Start as soon as the results have been announced, for at least 2 hours a day, during the week and on weekend do 3 hrs either Sunday or Saturday, with the aim of finishing the syllabus 4-6 before the exam.
2. Start revising no later than 4 weeks before exam.During this time do all exam questions, mock exams and those in the book. Opentuition provides a forum where you can even ask the tutors some questions. You must do at least two exams under the exams time limits to train yourself.
3. In the exam time yourself. Allocate your time according to the number of marks per question. A 30min question will be 30 x 1.5min = 45min. When this time lapses abondon the question and tackle the next one, so that you at least attempt all of them and gather as much mark as possible. I have been battling with this too.
4. Finally, the articles that are published per paper are also important, they are available online even if you haven’t received your student accountant mag. The time issue above is in one of them titles how to pass the Professional Papers. In this paper start with the two questions in section B that aren’t time consuming and end up with Section A and write as much as you can but straight to the point.
5. One last thing that helped me pass P3, I ran out of time and still had a lot to write. I just wrote points and less elaborating, wasn’t even thinking it will help but it did.

I hope this helps.
Good luck people.

@hcj08e
The technique part is difficult.
P6 is above giving out advice on the best legal tax options. You first have to understand the scenario given, weigh all options available and then advice which one will save most tax.Like in a loss making situation a sole trader has various options to relieve the loss, but you must understand which one saves the most tax, which one has a quick cash flow impact and which one makes business sense. For instance a business that’s closing down cannot be advised to carry forward the loss. So an understanding the taxes affecting each scenario is important, you do an elimination process and dwell on the ones applicable.

This is p6 is trick but nothing bit plenty of practice from the mock exams, past papers as there get to understand how to tackle different scenarios. The answers are there as a guide how you should answer.

That’s my advice.

Welcome. Good luck.

See my previous interview for details on the study methods I used….

https://opentuition.com/spotlight/interview-with-acca-p1-genius-hunt-winner-rebekah-from-england/

The same applies to P6 and P7

I feel so bad having scored only 40% in P6. Just want to get this over and done with! What a drag to have to sit this paper again. Congratulations to all who passed!!

I managed to pass my final paper P6 at 69 marks on my 3rd attempt. The first attempt was at 41 marks and second attempt at 49 marks – both these attempts – while doing revision I just copied the answers from the revision kits after reading the questions. I would say a bad technique for question practice.

So for my 3rd attempt – I followed the advise ie read the questions and try to attempt to answer the questions on my own first without looking at the answers at the back – slowly I developed confidence and wherever I made mistakes after comparing my answers to the kit, I thoroughly revised my notes again where I lack knowledge and practised doing the question again without looking at the answer so I understand the application of the technical knowledge.

I used ebook of BPP revision kit and Kaplan’s question kit to practise.

In the exam , I did Q1 from 3.15 to 4.15pm , then Q2 from 4.15 to 5pm, then Q3 from 5 to 5.35pm and Q5 from 5.35 till 6.15pm – ie I followed the time strictly and never missed out doing all parts of the questions. So touched all parts of the questions!!!

Remember the most important rule – answer EVERY BITS of requirement the examiner ask like for example state the date of CGT payable and you skip this , then you lose marks or state whether the adjustment is correct/not correct and tell why it is so – and you state the adjustment is correct/not correct and did not tell why, then you lose marks!!

End of the day, you will simply pass by just fulfilling EVERY BITS of the requirements the examiner ask (tiny marks here and there will soon add up to contribute to the overall total of your marks) but you must have the correct technical knowledge and enough question practise under exam time to pass.

So, to all those who fail , don’t lose hope because you can pass if you believe you can!

@kzzrd
Thanks very useful. This just reminds us all that exam practice questions and attempting every bit of the q is important to pass. Obviously you need to apply techy knowlede to q. Cheers

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