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how to prepare for paper p1 (self study)

Forums › ACCA Forums › General ACCA Forums › how to prepare for paper p1 (self study)

  • This topic has 17 replies, 14 voices, and was last updated 7 years ago by osharaa.
Viewing 18 posts - 1 through 18 (of 18 total)
  • Author
    Posts
  • March 12, 2016 at 8:11 am #305962
    Muhammed
    Member
    • Topics: 6
    • Replies: 6
    • ☆

    Im planning to do p1 in june. Kindly let me know if opentuition notes,lectures and PAST EXAM PAPERS would suffice. Is there a need to get a revision kit on top of this?

    March 13, 2016 at 8:43 am #306142
    Chloe
    Member
    • Topics: 95
    • Replies: 243
    • ☆☆☆

    Hi there, I am going to be doing self-study as well for P1 and sitting in June. I get a revision kit for all exams and will be doing so for P1. The benefit is that the questions and answers are adapted to account for any syllabus changes since the past papers have been written.
    Unless ACCA are updating theirs to show this (I am sure that they do not for tax, at least they hadn’t when I did F6 meaning that the papers were too difficult to work from as the rates and upper and lower bands had changed and you would be using the wrong ones).

    I hope that this helps and if you would like a study buddy you know where I am.

    April 17, 2016 at 7:23 pm #310517
    cutiemai
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    Hi same here . I’m taking p1 on June sitting. Any other sources for the revision kits ? For pass year question , should not focus which year onwards due to changes of syllables?
    Kindly advice 🙂

    April 18, 2016 at 11:39 am #311146
    Anonymous
    Inactive
    • Topics: 2
    • Replies: 31
    • ☆

    I need a study buddy for P1 and P7. Please anyone want to buddy up with me. I really need to pass in June 16

    April 20, 2016 at 1:40 pm #311896
    chitungtang
    Member
    • Topics: 0
    • Replies: 3
    • ☆

    I think study past exam papers is very important. If you have enough time, practice an exam paper like you were actually sitting in the exam.

    summarise those models (AAA, Tucker’s, Mendelow,etc), stages (for example, process of risk management), important definitons, summarise format of letter, memo, email, article, report to get the profesional mark, study the advantanges, disadvantages, roles of different individuals (ED,NED,stakeholder, institutional investors) and committes (risk committe, audit commiitte)

    thats what im doing for this exam, hope it’s helpful
    —————————————————————————————————————————
    I answered someone before I take P1 exam (March, 2016) and that’s my answer.

    I am already pass P1. It is extremely important to study ALL past exam papers and ALL technical papers. You can download those papers from accaglobal website.

    April 23, 2016 at 2:03 pm #312356
    ranita
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    hi,
    i am doing self study p1 can u join with me for preparation of p1 for jun 2016

    April 23, 2016 at 9:16 pm #312414
    yacine
    Participant
    • Topics: 1
    • Replies: 11
    • ☆

    Hello,

    I just want to share my experience. It was my first professional ACCA paper and failed with 46%
    I was self studying using purely LSBF study and revision videos. Whilst the revision videos gave good exam technique, i think i did not pass as i did not have adequate exam practice. The main advice you will get on these forums is that exam practice is key.
    I am using the study guide and revision kits from Kaplan to help me pass this time round.
    It is a very, very dry subject it must be said and has little to do with the branch of accounting i want to follow which is financial reporting.
    Brace yourself for some very dull weekends.

    April 23, 2016 at 9:19 pm #312416
    yacine
    Participant
    • Topics: 1
    • Replies: 11
    • ☆

    Also, i want to add i memorized all the models etc..but if you don’t incorporate the exam practice you are just wasting your time. A key factor in the exam is timing. Exam practice will get your timing right which is pivotal to success. 3 hours may seem a long time, it certainly is not if you want to prepare an ACCA standard answer for 3 questions..

    April 24, 2016 at 3:06 am #312424
    waqas007skyfall
    Participant
    • Topics: 0
    • Replies: 12
    • ☆

    Hey, iam also takin p1 for this coming session, can i ask u a thing related to it coz i need ur experience from this subject, can u plz msg me or email me waqaawan15@gmail.com

    April 24, 2016 at 6:49 pm #312538
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    Hi,
    I strongly disagree that this paper is dry 🙂

    It’s amazing topic. Of course not so direct as corporate reoorting etc. But it grows people. I meet so much people within companies that are so far from ethic, from understanding company needs. They concentrate on their small task and think very narrowly.

    Whatch video lecturers by Mike Little and be inspired. Lectures showed me this bright amazing side of the paper 🙂

    April 25, 2016 at 7:31 am #312589
    dhameelolar
    Member
    • Topics: 13
    • Replies: 68
    • ☆☆

    i came across this topic and decided to share my experience, i self studied p1 for the march 2016 diet and i had a score of 71, i began my study around late january this year, i found p1 quite interesting and fun, if you enjoyed paper f8, you should definitely enjoy p1.
    There are a couple of models in p1 that one should be constant with and know at your finger tips, a good advice i’ll offer is practice is very key. Also, P papers involve much more application that the F papers, each question has it’s peculiarity, such as what works for a particular question shouldn’t for another, all questions don’t have the same format of answers.
    i also found bpp revision kit not too helpful as it had too much lengthy answers which i felt i could not write when faced with such a question on the exam day, so instead i switched to using the examiner’s own answers.
    when answering questions go straight to the point and explain it, there’s no point in writing detailed stories, best you hit the nail on the head.

    April 26, 2016 at 8:19 am #312695
    Anonymous
    Inactive
    • Topics: 2
    • Replies: 31
    • ☆

    Doa, how did u answer the questions pls because I was direct and I fail

    April 26, 2016 at 11:27 am #312720
    dhameelolar
    Member
    • Topics: 13
    • Replies: 68
    • ☆☆

    practice really Annmarie, there’s no shortcut advice i can possibly give beyond this, i found using the examiner’s own answer as a comparative to my own rather useful.
    Also, try reading up on the examiner’s comments for each diet of p1, so take for example i want to attempt december 2012 question; i would get three documents with me, the question paper, the examiner’s own answer to the question and lastly the examiner’s comments (all these are on acca’s website). Once you have all this answer the questions under TIMED CONDITIONS, there’s no point answering exam questions for six hours when you would only have three come exam day, after answering them to the best of your knowledge, compare your answers to the examiner’s own, trust me when i say you can’t get the examiner’s answers word for word but there should be a bit of similarity in the point that’s being driven at.
    after comparing your answers to the examiner’s own next step is to read up on the examiner’s comments so you’ll see the pitfalls and mistakes students made in the exam, at this stage you should be thinking did i make similar mistakes in my own answers, subsequently i shouldn’t fall for the same error.

    October 11, 2017 at 3:05 pm #410366
    myraa
    Member
    • Topics: 1
    • Replies: 4
    • ☆

    Is past papers in acca website is current subject and format??
    Pls reply ASAP.

    April 3, 2018 at 9:12 pm #444827
    shonet98
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    @cutiemai said:
    Hi same here . I’m taking p1 on June sitting. Any other sources for the revision kits ? For pass year question , should not focus which year onwards due to changes of syllables?
    Kindly advice 🙂

    April 17, 2018 at 8:17 am #447658
    osharaa
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    Any tips on preparing for P1? I’m nervous about sitting in June since its the last session for the paper. what if I fail?!

    I’m using the kaplan study kit and revision kit and and signed up for learn signals free 7 day trial as well. I feel like I need to do more.

    Any ideas would be truly appreciated

    April 17, 2018 at 8:58 am #447670
    Chris
    Member
    • Topics: 7
    • Replies: 600
    • ☆☆☆☆

    Try the Dino webinars, and the Marking Insights webinar:

    https://www.acca.ee/uk/en/student/changes-to-exams/p1-and-p3/free-p1-and-p3-webinars.html

    April 19, 2018 at 4:17 am #448080
    osharaa
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    Thank you so much!

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