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Hi, I sat the FR paper for the first time in Sept 19, I ended up failing the exam scoring 32 marks. I did find parts of the paper quite hard and was disappointed that I failed. I guess I can only put this down to lack of knowledge and poor technique. I’ll be retaking my exam in Mar 20 and am not sure whether I should re-watch all of the tutorials and then attempt exam questions after each chapter or just focus on going through the exam kit and working my way through all the questions again. Any suggestions on what method you think will be best for retaking the FR Exam?
If the knowledge is fresh in your mind then you probably won’t need to re-watch the lectures. Nevertheless you’ll still need lots and lots of practise. Practise is essential in Financial Reporting exam. As you have already attempted it previously, i would suggest to start your preparation from Section C. The constructive response questions are relatively straight forward and can be attempted easily if you can get the hints.
The focus should then be on important and more detailed standards, including IAS 16, 36, 38, IFRS 9, 15, 16, etc. as these are usually tested in Section B.
Section A contains MCQs from all areas of the syllabus. So, you’ll need to revise all concepts and attempt questions from revision kits.
Hope this helps.
Hi Tanya,
I recently failed my attempt aswell – 40 in Dec but I passed my other exam (AA).
My approach now is twofold – One to work my way through the BPP question booklet. Any area’s I do not understand I will watch Chris’s lectures.
Two – Attempt to read around the ACCA FR website as much as possible and attempt past papers when we are nearer to the exam.
David
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