guidance on how to study p7

Hi

Here is some advice I gave less than two weeks ago on this page – it might help you to read through some of the earlier posts because they ask the same question as you have done!

Try this

Get hold of a reputable revision kit.

Read a question requirement.

Divide the number of marks for the question by 2. That’s the number of minutes you have to plan an answer.

Ok, plan an answer. Just one word bullet points are ideal.

At the end of your planning time, stop. Count up the number of different points you have planned to write in a full answer.

Did you get half marks?

Check the printed solution to see what you missed. See if the solution has managed to get two separate points out of just one of yours.

Did you manage to score more than half in each and every part of the question requirements?

Do this exercise again and again and again ….. until you’re totally sick of doing it.

And then do it some more.

I believe that the biggest cause of failure in this exam is an inability to score enough separate points within the time allocation. And that ability has to be spread across all the parts of those questions that you attempt

Here’s a bit more advice given 6 days ago:

Accountancy Age is a daily publication of articles many of which are suitable reading for an ACCA student in the throes of exam preparation.

Here’s a headline for an article in yesterday’s edition:

“CONFIRMED – Accountants are sexy beasts”

Seriously though, this is the front page summary of yesterday’s articles:

East India Club reviews processes after £500k fraud
The treasurer of the famous member’s club transferred more than half a million pounds into one of his own account to feed his gambling addiction

IASB confirms line-up of IFRS 9 implementation group
The 12-strong panel includes members of the Big Four, along with representatives from Barclays, Bank of China and Deutsche Bank

New masterclasses: FRS 102/cashflow/small biz accounting
Accountancy Age expands on last year’s successful masterclasses with new series of courses

CONFIRMED – Accountants are sexy beasts
Accountants are among the most interesting workers in the bedroom, apparently

Deloitte dismisses HP claim plans as ‘utterly without merit’
HP plans to sue Deloitte over its auditing of Autonomy’s accounts, lawyer tells court

Tax clampdowns and audit squeeze behind drop in firms
The number of registered firms falls 4% in 12 months

Deloitte partner profits fall as modest growth posted
Improved economy should see better growth in 2014/15, says senior Deloitte partner David Sproul”

and the very main headline at the top of the page in banner print is:

“Complaints against insolvency practitioners rise 25%
Insolvency complaints gateway receives 941 complaints in year since its launch”

Now, if you cannot find anything of interest in that lot (even if it’s only to confirm that we, as a profession, are sexy beasts) then you need to get out more from your closeted environment

As for IASPLUS – the site is chock-a-block FULL of news items concerning auditing and accounting standards, exposure drafts, discussion documents, technical commentaries …..

Don’t concentrate on any one thing in particular, read, read and, read! It’s got to be more interesting than the study text of any of the approved content providers!

Here’s a bit more advice!

Check out the previous threads on this “Ask the Tutor” page 🙂

You’re welcome

Thank u sir

“How to attempt questions on part “assignment”??”

What?