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Hi Mike
I am sitting the exam in a weeks time. I have been doing practice questions for the past few weeks and I am struggling!!
I have not sat P2 and I seem to be doing badly on technical questions which have IFRS in them as it was Sep17 that I sat my F7 exam but I can’t remember a lot from that.
Are there any IFRS which I could focus on in the next week to help me get through the exam?
I have been looking through your other replies on the forum – is it your advice to only doing question plan in my revision? As I have been trying to answer in full which means I am not getting through enough questions 🙁
Thanks
Jess
By doing only a plan and then checking your plan against the printed answer, clearly you will get through many more questions than by writing out answers in full – for a 20 mark question, that’s examination time allocation of 39 minutes but, for a 20 mark question, that’s reading, thinking and planning time of only 10 minutes
Ergo, you’ll get through around 4 times as many questions!
I assume that you are perfectly happy with your handwriting (legibility) and your command of English (understandability) so why are you wasting time writing out answers in full
Practice writing plans and then, practice putting some of your planned points into sentences of no more than 3 lines length
As for IFRS and IAS accounting standard treatments … no, there’s no magic list that I can give you
But repeated reading of past exam answers with technical references to accounting issues should provide you with sufficient ammunition in preparation for the P7 next week
OK?
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