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Dear tudor,
please give guidance on exam technique specific for saving time in answering questions.
examples of acronyms and abbreviations which can b used. (ie is ppe acceptable to use instead of property plant and equipment? or mentioning IAS37 ‘Provisions’ instead of full name).
i am facing difficulties in giving proper answers with all points in time.
Thanks!
NikolasOf course you should use abbreviations. Even in letters, memos, reports and emails but before you use the initials / abbreviations you need to ask yourself if the addressee is likely to understand your abbreviations.
Even if the addressee is not likely to understand, you can still write something like “…..International Financial Reporting Standards ( IFRS ) ….” and then go on from there.
And use abbreviations which are pretty much standard so PPE is fine for Property, Plant and Equipment but PnT wouldn’t be OK for Postage and Telephone
what about accounting and audit standards? is ok to use shortnames for the lengthy ones?
Please Tutor, can you give us the format of answearing p7 quesions, eg from
qn 1 to qn their are specific things the examinor is looking for which we tend not to know or ingor.NB the formular / steps of answearing p7 qns.
thanks.
dmwesigwa – what’s the matter with looking at a publisher’s answers? Or the examiner’s own answers? Or even reading the exam technique article on this site specific to P7 as well as a general article applicable to all ACCA exams? Or even watch the video of John and Mike talking about exam technique?
There’s surely enough already on this site to answer your question
one last qn:) from which paper was lisa weaver examiner? I find more relevant practicing those papers first.
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