Would you kindly advice me as to how should I go about answering the scenario based question since the problem I face is that I understand the concepts of F8 but when it comes to applying them to the scenario is becomes difficult. I have a problem in relating the concept to the scenario. Please help!
The only thing you can do is to work through lots of questions and answers (most questions have a scenario, though Q1 is longer). All scenarios are different so you have to respond to the information there. No piece of information will be given lightly: you have to be suspicious about every detail and ask yourself why the examiner put that in the question. What’s its significance and what issues are raised.