- This topic has 5 replies, 2 voices, and was last updated 1 month ago by
Stephen Widberg.
Stephen Widberg.-
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nm11
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Dear Tutor
Pls advises what’s the best way to move forward as I have failed SBR-( its was my 1st time doing SBR)
So doing the resit exam SBR for mar 21- pls advise that one MUST follow to ensure that one passes this time – Any techniques that one can advise
DO Qs practise etc Learn n apply the IFRS/IAS
– etc etcStephen Widberg
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Sorry to hear about your result.
1. Question practice from an up to date Revision Kit – 2020/2021 edition. Focus on questions since syllabus change in around 2017. DO NOT AUDIT ANSWERS UNTIL YOU HAVE COMPLETED THE QUESTIONS.
2. All articles in student section of ACCA SBR – that’s around 5 per week.
3. Review our debriefs of 2019 real exams to appreciate exam technique.
4. Remember that you must demonstrate the relevant BASIC KNOWLEDGE to get through. If you apply the knowledge incorrectly, it’s not the end of the world.
5. 10% of your time should be on groups and 90% on accounting standards. Most people can do the groups – it is the standards where knowledge is lacking.
6. Remember that you pass this exam by explaining how FS are impacted by transactions and events- journals and calculations are not enough.
7. If you need to check a technical point use our course notes or the iasplus website.And you will get through………………..:)
nm11
- Topics: 15
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Dear Stephen
Thank you for your response- greatly appreciated – I am going to follow your plan and the notes and lecture too.Please can you give me an example or something in point no 4 ; no 6 – the part i have
((eg point 4)) my Q is: …….No 4 : Remember that you must demonstrate the relevant BASIC KNOWLEDGE to get through.
(( If you apply the knowledge incorrectly, it’s not the end of the world.)) so my -Q How does one cover or overcome in this part – any suggestions or examples or even any exam Qs you can suggest- to assist hear please???6. Remember that you pass this exam by explaining how FS are impacted by transactions and events-
((journals and calculations are not enough))- My Q I am not good at all on DRs & Crs- still find it difficult- so if I don’t do that bit – how do I resolve or substitute this little weakness- or can you give an example where i can do something else to rectify my weakness- pls give an exam Q name-year –so I can find the Q in my Kaplan revision Kit or or acca website- and see if it will aid me – and improve my chances to pass SBRPlease help and advise me which is Greatly appreciated
Many thanks
NaomiStephen Widberg
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4. Past exam question – company BUYS and SELLS oil trading contracts. Your brain is temporarily empty. So get some basic marks by defining asset (and then deciding whether definition is met when they BUY one of these things) and explaining revenue recognition (and then attempting to apply it when they SELL one of these things).
6. No need to worry about DR/CR – you will marked right if you use words UP and DOWN. If the business buys sausages on credit, inventory goes UP and liabilities go UP.
Look at the answers to recent exam questions. Notice how the first 3 or 4 lines are BASIC KNOWLEDGE – and that’s what you need to pass.
PS Trusting that you allocate time – it is impossible to pass unless you do this – that’s why many people get 49%.
nm11
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Thank you so much – I feel much better now – with your responses – especially Dr/Cr
I shall apply the basic knowledge to all my QsStephen Widberg
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Happy studying!
nm11
Stephen Widberg- The topic ‘Best way to study etc – for March 21 session – SBR’ is closed to new replies.