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Hi, I have failed p7 twice..first attempt at 40, second attempt at 45..both attempt while i was attending Kaplan P7 classes by chris welch..
But now as i have returned to my home country, i do not have access to a good lecturer in Penang, Malaysia.
I am thinking about doing self study for p7 as i still have the notes from my previous class with chris, and also use opentuition..however i don’t know if it will be sufficient for me to pass the exam ?
Thank you.
Hello Sameed,
Do LSBF do F$ global lectures which i can buy and where I can find it ?
Thank you
sherifOr save yourself some money and practice attempting past exam questions. I assume that, since you’ve done the paper twice already, you have also completed reading the study text. So what benefit do you think you will gain by reading it again?
Marginal, at best!
So get into question practice. Read, think, plan, read again (to make sure your plan answers the question, the whole question and nothing but the question)
That exercise should take you, for a 20 mark question, 13 minutes (that’s 20 marks / 2 = 10 minutes + one fifth of the 15 minutes reading and planning time)
Ok, so 13 minutes has now passed. Check your bullet pointed answer against the printed solution and see if you scored 12 or better. (12 because you are biased and also possibly what you have planned to write has not followed the requirement of those ever important verbs)
Ok, you didn’t score 12 so move on and do another, and another, and another and then maybe go back to the first and do that one again and see if you can score 14 in the 13 minutes of reading and planning time.
Do that for the next 4 months and you will walk through the exam.
But ok, spend your money and buy some course notes / lectures if you want. It will make someone feel good even if it’s only the publisher!
Hi Lina
Scared? And rightly so! With a pass rate in the low thirties and a fail rate therefore of high sixties – this is not a paper to be treated lightly. It deserves the respect and attention that all P level papers deserve. Don’t forget also that some of that high sixties percentage are from big 4 firms where auditing is their everyday life.
The big mistake is to say “this is what I do for a living —- it should be like a walk in the park”
WRONG!
I have said it numerous times on this site and in live lectures, the key is practice, practice and more practice. Yes, ok, read the study text, and the on-line material and the course notes and listen to the lectures. But what it all comes down to is an ability to appreciate exactly WHAT is being asked for (beware the verbs!), in what depth should your answer be, and an ability to be professional in your approach and explanations. (Yes, you’re right – a sound knowledge of IFRS and ISA also helps!)
It’s not rocket science! In a twenty mark question, you should be looking, in an ideal World, to score twenty relevant, markable points. Fifteen is acceptable, but only just! If within that fifteen you start to go off track, then those points will not score. So, aim for twenty.
I have written at great length about how to approach these questions and about the importance of fully and profitably using your planning time. My thoughts are reproduced in two articles by members of the P3 marking team, published in Student Accountant in 2013 (maybe 2012)
Read those articles, and the examiner’s own comments.
Plan answers from a revision kit and then check against the printed solution but don’t lose heart at the sheer length of those printed solutions. Accept that you will not be able to achieve anything like that length / depth in your own answers. But pay particular attention to subtle differences that may appear. For example “What evidence would you expect to find on the audit file?” is NOT the same question as “What further procedures would you expect to carry out?”But they are easily and frequently confused!
To quote my good friend Gromit, “The only time ‘success’ comes before ‘work’ is in the dictionary”but, to extend that, ‘success’ comes after ‘practice’
OK?
I want to write P7, P5 and F9. Please advise. P7 and P5 i will be writting for the first time. Seems i cant get rid of F9 it has been tagging along since i started my Ps! Help please
You have a number of options available to you ( enter 1, 2 or 3 papers but in each of those options, F9 must be included)
Whether you choose to actually attend at F9 is up to you (or at any of them really)
So, in my mind, this is coming down to two main choices
a) enter for all three, but only attempt P5 and P7
b) enter just for F9 and concentrate all your efforts on this one paper
If you choose alternative a) then 6 months later (hopefully) you can devote your undivided attention to F9
I think it’s time to drop off this hitch-hiker that has been tagging along with you – time to end this close relationship you have built up
Probably I would be inclined to concentrate 100% on F9 and get rid of it – but ultimately the choice is yours
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Hi Mike,
I am sitting P7 for the 3rd time in June and P2 for 2nd time. They are my last 2 exams. I have been to lectures for the 2 subjects previously but I am self studying this time around.
Is there a good way to study for these considering there is a connection between them with all the standards and that.Any advice would be greatly appreciated .
Thx,
Paul.
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