IASB numbers and CBE exams

This topic has 5 replies, 2 voices, and was last updated 6 years ago by MikeLittle.

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January 18, 2016 at 6:46 pm #295954
Candy
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Dear Mike,

I hope you are well.

I wanted to ask 2 questions:

I was recently told that ACCA are planning to introduce more CBE exams later this year. Do you know if there is any truth to this?

Also I would like to know if it is necessary to learn the actual IFRS numbers and name of principle when answering questions in the exam?

Many thanks
January 19, 2016 at 10:11 am #296203
MikeLittle
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The intention is that all F level papers should be CBE. Whether or not that happens in this year remains to be seen, but that was the plan

Countless times on this site I have answered this question so I’ll be very brief!

“if it is necessary to learn the actual IFRS numbers and name of principle when answering questions in the exam?” A resounding NO!
January 19, 2016 at 9:26 pm #296429
Candy
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Hi Mike,

Thank you for your prompt response.

I asked because studying via Kaplan textbook they placed a lot of emphasise on IFRS numbers.

Thank you.

Also as this is my first paper examine do you have any advice on how I should approach it, for instance do I need to explain things via lenghty sentences including lots of financial jargon to gain points?

Many thanks
January 20, 2016 at 7:08 am #296497
MikeLittle
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Kaplan (and other publishers) have to do this. Imagine if you wanted to look deeper into an IFRS but your original source – a Kaplan study text – failed to provide you with that reference

But you certainly don’t need to know this for the exam

As for advice …… there are two articles on exam technique on the F7 material page on this site. “home, ACCA, F7” and scroll down that page

When you’ve read those and if you still have further questions, post again and I’ll get back to you
January 20, 2016 at 10:48 am #296566
Candy
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I will take a look.

Thanks for your prompt response, it is much appreciated.
January 20, 2016 at 11:28 am #296576
MikeLittle
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You’re welcome
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