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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 ……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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