- This topic has 9 replies, 3 voices, and was last updated 7 years ago by
MikeLittle.
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nanaosei
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Hellow, hope you are doing great… i have sat for the paper P7 for four times and have fail. what should i do to pass these paper the next sitting please help me. Thank you…
MikeLittle
- Topics: 26
- Replies: 22596
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Have you read the exam technique articles on this site (2 by me and 2 by members of the P4 marking team)
How up to date are you with IAS / IFRS?
How do you tackle a P7 exam? Tell me exactly what you do – don’t tell me what you think I want to hear – I want the truth from you!
nanaosei
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- Replies: 3
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Have read the exam technique articles on the site yet. Please where can i fine it.
with the IAS / IFRS, i have a book which contains its and read and also by the acca web site.
In tackling the P7 exam, I start by attempting the question one follow by one of the options then to question 2 and then the other optional questions. With time pressure i don’t normally finished all the requirement associated with the question 1.
MikeLittle
- Topics: 26
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Go, on this site, to “home, ACCA, P7, exam technique” where you’ll find my two articles
Go, again on this site, to “home, ACCA, P4, technical articles” where you’ll find two articles titled (something like) “passing P level papers”
If you have no time to finish ANY question or any part of any question, then you are failing to apply appropriate exam technique! As students of F4 would tell you “res ipsa loquitur” – it speaks for itself
A 12 mark part question should take 21.6 minutes – no more and no less.
20 marks should take 36 minutes, 18 marks should take 32.4 minutes
There’s no room for variation in any of this; there’s no room for “ifs” and “buts”.
There IS time to finish the exam! There’s 3 hours! If you multiply 100 marks by 1.8 minutes per mark, what do you get? You get 3 hours!
In preparation for the exam, practice PLANNING answers to past exam questions. Then compare your plan to the printed solution
When planning, there is that additional 15 minutes at the start of the exam – in the real exam use that 15 minutes to read through the full paper and make margin notes on the question paper.
When it comes to planning a specific answer, time allocation is relevant here too. Take the number of marks per question (or part question), divide by 2 and that’s the number of minutes you need to spend trying to find enough separate, relevant, markable points to include within an answer
12 marks? 6 minutes planning!
18 marks? 9 minutes planning!
It’s really very straight forward and well short of rocket science
Try it!
nanaosei
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Thanks for your advice and on the other note is there any book or articles that contain the IAS and ISA. That i can read and have full details of its.
MikeLittle
- Topics: 26
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I find that the site http://www.iasplus is good for readable summaries of IAS / IFRS
I tend just to search the Internet when I want to research something on auditing
nanaosei
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Hi Mike hope all is well…Please in answering the P7 paper, will one needs to state the international standards number and the fact of the standards I mean the IAS and ISA, in other to gain the full marks to pass the paper….
best regards
thank you
MikeLittle
- Topics: 26
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No, there are NO MARKS for knowing / quoting IAS, IFRS, ISA numbers
giftmakayi
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You have also helped me a lot in terms of planning and time management. I am looking forward to pas this paper now. Just a quick question videos or audios for practicing past papers or any other revision on your site?
MikeLittle
- Topics: 26
- Replies: 22596
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Neither videos nor audios! Get stuck into the questions from a revision kit / exam kit from one of the reputable publishers
Before lunch read answers for 2 hours, then try planning answers for one hour (120 marks worth of questions).
Before dinner read answers for 2 hours, then plan another 120 marks worth of answers.
After dinner read answers for 2 hours, then plan another 120 marks worth of answers
Do that for a week and see where you’re up to
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