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F7 December

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › F7 December

  • This topic has 10 replies, 3 voices, and was last updated 9 years ago by MikeLittle.
Viewing 11 posts - 1 through 11 (of 11 total)
  • Author
    Posts
  • August 27, 2015 at 12:04 am #268711
    george99
    Member
    • Topics: 9
    • Replies: 14
    • ☆

    For me to pass December exams where do I need to focus I wrote F7 in June I have failed I got 36% I don’t know where I went wrong please help me.

    August 27, 2015 at 8:46 am #268747
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Check out the video recordings of me answering past exam questions – both consolidation questions and preparation of single company financial statement questions

    Practice endlessly as many mcqs as you can lay your hands on, over and over again and again and again

    Practice, practice, practice

    It’s the only way

    Oh! And post any problems that you may come across and I’ll try to help you

    August 28, 2015 at 2:15 am #268874
    george99
    Member
    • Topics: 9
    • Replies: 14
    • ☆

    Thanks for the advice I will try to do my best in December and P1 paper I have to pass these papers both they give me hard times where do I need to focus on P1.

    Mike help also.

    Thanks George

    August 28, 2015 at 7:57 am #268894
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    P1 is a lot of common sense – and an ability to polish your halo, dust down your wings, put on your best white flowing robes and join the other angels in overseeing and criticising the nefarious ways and actions of our corrupt fellow members of society

    The examiner pretty much spells out the answers for you within his 500 – 700 word story in question 1.

    Improve your awareness of how events in everyday life can be fitted into P1 governance, risk and ethics? That dustbin lorry driver that didn’t disclose his health problems and managed to kill 12 people in Glasgow, Justin Gatlin and his drug-taking history (cheating), Mo Farah’s trainer Salazar accused of using forbidden substances to enhance to performance of his (other) athletes, Salman Butt (the disgraced Pakistani former cricket captain), the 4 brothers of the Sri Lankan dynasty (the Rajapaksa family) that effectively controlled everything in that island nation, the Deep Water Horizon BP disaster in the Gulf of Mexico, the shooting on air of the female television interviewer and her cameraman, the ……..

    The list goes on and on and on …….

    ………. and they are all examples of questionable practices where the principles of the P1 syllabus are breached

    Listen to the BBC world news and look out for the repetition of the word(s) corruption, bribery, risk (and others in the same vein)

    Read the printed solutions from past exams to get an idea of just how much you DID know but now realise that you probably wouldn’t have included those points within your own answer

    And finally, think about your own exam technique!

    Do you plan your answers before you commit pen to paper or do you simply launch in?

    Do you spend 5 minutes planning an answer for a 10 mark question?

    Do you try to ensure that, for that same 10 mark question, you have planned 10 separate points to be made in your answer and that those 10 points do in fact specifically address the question that was asked (and don’t go wandering off tangentially into areas not asked for)?

    Do you stick rigidly to time allocation?

    If your answer to any of the above is “No” then you need to revise your approach to these ACCA exams!

    August 28, 2015 at 8:31 am #268898
    Victoria
    Participant
    • Topics: 28
    • Replies: 70
    • ☆☆

    so, Mike, you’re lecturing us on P1 as well?
    looking forward to it 🙂

    August 28, 2015 at 8:52 am #268907
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Yes, P1 is mine …. and P2 and P7

    I must have been terribly naughty some time in the past to have been allocated these three!

    August 28, 2015 at 9:41 am #268912
    Victoria
    Participant
    • Topics: 28
    • Replies: 70
    • ☆☆

    I’ll bet you was

    well, let’s see if I choose P7 as an optional paper at the end of the day. the only thing that frightens me about it it’s too much narrative expected in a good answer

    August 28, 2015 at 10:29 am #268920
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    You quickly get used to it!

    September 23, 2015 at 5:56 am #272917
    george99
    Member
    • Topics: 9
    • Replies: 14
    • ☆

    Good Mornimg Mike

    Just a quick question on chapter 9 something I did understand why did you subract 124000-60000 on retained earning and where did you get that 40000*0.75*2/3*1*4.30= 86000 why you didn’t do this way I have seen you did this way 20000*0.75*2/3*1*3.3= where did you get 2

    September 23, 2015 at 3:35 pm #273277
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Which “2”?

    Are the Danute shares not 50 cents each? So $20,000 represents 40,000 50 cent shares

    OK?

    September 23, 2015 at 3:52 pm #273289
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Sorry, $40,000 share capital is 80,000 shares …. That’s where the “x 2” came in

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