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Hello Mike,
Just wanted to confirm something with you based on what I’ve read (i.e. the advice you give on the P7 tutor forum)
Basically, your recommended approach is that first of all gain the essential knowledge by watching the P7 lectures on this site and then, simultaneously, also refer back to IAS. Once done with that, get an exam kit and then read the question, read the answer at the back of the exam kit, read the answer at the back of the exam kit and then practice writing that answer in exam time. Correct?
So if I follow this approach I believe I have no strong case for reading the P7 study text. Correct? (By the way I don’t even have the time to read one) so if this is your approach I would like it very much. Please let me know
Am I correct that you have passed P7 already? Which was the paper where I had to tell you to be patient a week before the results we’re announced?
Ok, maybe it was P1 or P2
Assuming that you’re not winding me up ( ! 🙂 ) essentially yes, that’s what I would suggest. WHere you have said “practice writing that answer within the exam time” that’s not quite what I meant
Refamiliarise yourself with IAS and IFRS – but this will happen automatically as you read the exam answers, as it will incidentally with ISAs
Read and retread the questions and answers from a revision kit, but don’t try to sit and learn. Just read. Over and over again from start to finish of the book
Then select a question and plan your answer. DON’T WRITE IT OUT IN FULL – don’t even have the answer page open. Read a question, plan the answer, then check your plan against the published answer. Be critical with yourself – did you score more than 50% when compared with the suggested solution and the marking scheme? Did you answer the full question with appropriate balance (2 marks needs 2 sentences – and no more!)
Do that exercise for all the questions in the revision kit – having previously read all the questions and answers at lest three times before. Pick a question, 28 marks? So allocate 14 minutes to plan a skeleton answer. Then check your skeleton against the published answer
But certainly don’t waste your life copying out an answer from the kit! You’ll never be able to achieve that in the exam room so give that up as part of your preparation
Hope that helps
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