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Hello guys
Im really worried about the Paper 7 (other too but..). So I have finished the Kaplan book once but have forgot everything. Revision will bring it back I know but the real problem I am facing is the Kit questions. I have previously topped in the world in Olevels Accounting and I am someone who tries to Finish everything in the papers. I know its difficult in ACCA but i simply feel disappointed when I cant finish as in complete the answer, Time management is not a problem for me but I simply cannot get in the depth of Ideas, their underlying assuptions and everything. So i cant do consolidation adjustments (some of them)
So my next problem is that every question of Consolidation is a new question. I mean the examiner will put a new thing which he is sure no one can understand. When we dont have the idea of something why would he put somethnig like that up. I may sound childish here. But can anyone tell me a question that will have all the fair value purp Additional depreciation Revaluation adjustments in it. A big question that covers everything. Should I read the IAS themselves. Do you think I can do it understand them and is there time now? Im also doing F5(Book done some Kit done F4(havent touched it 🙁 ). What do you people think? Will I flunk I just wanna be the best out there no matter wht it takes.
I would like to thank you guys For reading all this long problem. Any ( i mean any) ideas would be appreciated 🙂 Try to reply to all the questions 🙂Consolidation is tough. as u said, i have noticed examiner has a style of asking surprise in each question. if u practice more , may be same questions in revision kit. i believe u can handle the cunning questions. In f7, consolidation is toughest part. In f5, relevant costing is tough. in f5 , study text is so easy to study. revision kit is so tough.
In my bachelor degree exam, if we read study text 3 or 4 times, we can score high marks. In ACCA , story is different, if u do revision kit 3 or 4 times , there is high chance of getting good marks. so, dont spend lot of time on IASs or any other stuff. read study text and then jump to revision kit. do it 2or 3 times, then u will be able to face the exam. Practice, practice , practice ……hey jafarghani 😀
yaay i finally found someone in the same boat 😉 i too am still brushing myself on F7, i too have forgotten whatever i have learnt 😀 I too am doing F5 but i havent completed the book neither the kit, F9 i havent touched :'(
Speaking of F7! I read you have done kaplan book. Good! My seniors have told me that if u do only kaplan u can manage to score a 75%. Well i personally think that books like kaplan dont guide you step by step in your studying process. When i read kaplan text i seriously had no idea what in the world they were speaking bout in the consolidation chapters, because its something new to me. The way matter is explained there is like as if we already know stuff. Speaking of IAS, if you feel you are not comfortable with what you have learned from the book, i suggest, to revise each ias from your book and then go through the Ias from https://www.iasplus.com/en/standards hopefully you will get a better picture, it might feel in gaps here and there that u might have. As an ACCA exam, there will be twists and turns in the question and i guess thats where “how well you understood” plays an important role. As you practise jot down areas u feel u need more help with or post the question in the forum. Practise more questions on revaluation.
As far as F4 is concerned, i feel a month is more than enough for it. “Do i have to do the kit?” ehhh i dont know i never bothered going through the f4 kit simply because those answers are ideal. Its a pure theory paper, chances are you will rmbr what you studied from the book and from the notes you made yourself. Practise past exam papers and do observe the “technique” used in the kit and the solution to the past exam paper. what you will notice is the answer is based on the law used, so what your answer should look like is “an introduction, mention the law, explain it by referring it to the question, conclusion” something like that 😀
Do not make the mistake of memorizing answers to a particular question! Topics like the legal system and the company directors seem to be asked almost ever sitting so do know them well. Do the contract law very well. Read further only if your are a Global variant student- for the international organizations- make short points on each or else it will drive u nuts 😀 Arbitration very important! Know the obligations of buyer and seller well also means of payments chapter. If you havent managed to study the entire syllabus, do not exclude any chapter from Company law! Agency and partnership? either one usually comes in the form of a case study, these two chapters are the easiest in the entire syllabus and i personally think are a gift of scoring marks in the exam.i think i said too much 😀 u’ll probably feel sleepy by now :p
All the best 😉I agree with u , plen.
kaplan study text is for those who already studied the subject. 🙂 i studied from kaplan was the big mistake, its quality is superb, no doubt. combination of kaplan and gtg study text would really help. i studied f5 using both kaplan and gtg. many things in f5 i was not clear from kaplan and so i purchased GTG , i really enjoyed reading it. kaplan advertise that their books are student friendly, i dont think so.i tell you f7 and f5 , practicing revision kit is the most important part. i personally felt study text and revision kit are 2 different subject. as i was learning lot of stuff from revision kit which they didnt teach in study text. 🙂 that is just my view. i dont know about you.
for me, this f7 and f5 itself is overload. how u guys go for more than 2 subjects, i dont know. May God help me.
u are right vipin 😀 im enjoying gtg, its like bpp and kaplan under one roof lol 😀
Q1 Consolidation is all about practice, practice, practice.
The examiner will always throw something in there to complicate matters. This complication if you get it right is only worth 1-2 marks.
50% of the marks in the Q is getting the basic things right. So, on a S of FP question for 25 marks if you just added all assets and liabilites together and stated equity correctly then you would get around 11-12 marks.
The added complications of Parent hasn’t recorded £2000 of cash in transit or Parent sold S £1000 of stock of which S sold £500, will score you extra marks to get you closer to the 25. But in essence if you can do the basics right you are half way there.
Of course you need to understand the complications bit as typically I believe students who pass this paper tend to get 18+ marks on Q1 and struggle on Q4 and Q5
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Patrice practice practice ….no other option for f7 and i am studying from soft copy it is helpful then Kalpan and BPP ….but Frankly speaking i dont have any knowledge about any Stander and Cash flow but practically i can do all this question its sounds odd but believe me i dont have single of the knowladge about and way to explain about IAS Cash flow but i can solve all the revision kits question thank you
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