Deciding on to taking P7

“can you please advice what prior knowledge i need to have if I plan to take P7.”

These ACCA examinations are cumulative so, in theory at least, the P7 paper could include matters such as learning curves and economic order quantity calculations

Don’t panic! They will not be asked

A sound knowledge of IAS IFRS would help

But principally you need to be able to express yourself well and you need to be able to apply strong examination technique

Here’s what I recommend to P7 students:

Don’t spend money on a study text!

Open a revision kit / exam kit from a reputable publisher and read it, from start to finish, question, answer, question, answer, question, answer, question, answ…. and keep doing that, reading the book from start to finish

When I say “read” that’s exactly what I mean. Don’t try to learn. Don’t try to memorise. Just read

Pay attention to the way in which the specific question requirement is addressed

Notice how many different points are raised in the answers

Reflect upon the professionalism of the answer

And read too:

examiner’s reports

the last 10 technical articles

my exam technique article on the P7 home page

the exam technique article on the P3 (yes, P3) home page “From a marker’s perspective” – this article repeats the advice from my own article but it may reassure you to know that the advice is not mine alone but is supported by no less a person than a member of the P3 marking team

But, most of all, read that book over and over again and again until 22 May and then post again for the remainder of the advice on how to tackle P7

OK?