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Need some tips for the Paper

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Need some tips for the Paper

  • This topic has 6 replies, 6 voices, and was last updated 8 years ago by fbawany.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • July 18, 2016 at 12:04 pm #326998
    tsar
    Member
    • Topics: 5
    • Replies: 13
    • ☆

    For those of you who have passed the exam, please guide me/us as to how to go about the paper. I’ve attempted it numerous times already but still can’t seem to get through. I feel it has to do with the exam approach that I’m lacking. Didn’t sit in Jun-2016 attempt but I’m hoping I get through it in Sep-16 one. Please help!

    July 19, 2016 at 7:06 am #327492
    sharon
    Member
    • Topics: 3
    • Replies: 35
    • ☆

    I used the BPP practice & revistion kit to practice the questions by each topic, at least redo or review the questions and answers twice, aiming to be very farmiliar with each type of questions and answers, this will save your time for thinking and planning during the exam. Do more writing, and do not just read, sometimes memorising the answers also helps in the exam.

    Obtain the answerring logics and key form of it that will gain you marks. Before each answer in BPP, Top tips and easy marks that to gain will be explained. Read this will help you to gain easy marks.

    When exam tips comes before the exam, review the topics mentioned to enhance the knowledge.

    In the exam, try to write as more as you can when time arrangement allows, as the wrong point you wrote will not deduct your marks.

    hope this could be helpful.

    July 19, 2016 at 3:25 pm #327659
    sun32122
    Member
    • Topics: 1
    • Replies: 4
    • ☆

    Hi there,

    I had similar experience as you…attempted P7 many time but failed.
    My marks were 42, 40, 43, 47 (TWICE!!!) but got 59 at last.
    Finally I passed June 2016 exam and completed all ACCA papers (it’s a long journey).

    I have enrolled BPP revision courses and exam day, studied with BPP online classroom and its textbooks, continuous practiced past exam papers and reviewed examiner’s reports…however, I still failed P7.

    In the end, I decided to work with a tutor who is experienced and can give me detailed feedback to my answer in attempting past exam papers.

    We did not work together physically but communicated by emails & whatsapp.
    I emailed him my answer sheets, he made comments in each question with recommendations of how to make markers happy so it would be easier to score.

    We went through 3 past exam papers and spent almost 2 hours in discussing exam approach of how to use 15 minutes reading time wisely, how to make a good plan in answering Q1 which is always challenging and time management.

    My advice would be:

    During 15 minutes —
    * decide what questions you will attempt and highlight verbs in question in order to work out how many points you need to pass it
    * read through Q1 and make a answering plan
    (start from what subjects you are familiar with)
    * Keep as calm as possible

    During the exam —
    * Do not write too much about the same thing (1 mark = around 4 lines of writing)
    * Stop yourself if you start repeating yourself (you must stop or run out of time)
    * Don’t give up professional marks!!! Adding introduction, comments, conclusion, greeting etc in Q1 (address yourself as audit manager)
    * If you ran out of idea, leave some blank parts in answer booklet and move on.
    * Do be afraid of making a chart in comparing pros and cons / difference etc
    (I did it in June exam because was too lazy to write full sentences, and still passed P7)
    * Strictly follow the time schedule, Q1 – 60 minutes (without taking reading time into account), Q2 – 45 minutes, Q3/Q4/Q5 – 30~35 minutes per question and leave around 10-15 minutes for going back to where you struggled.
    * Spare time will calm you down and give you confidence back so your brain will start working again (psychological technique).

    That’s how I passed P7 and Good luck to you!

    July 19, 2016 at 9:16 pm #327814
    ndlovu
    Member
    • Topics: 6
    • Replies: 15
    • ☆

    I have written this paper several times and my marks range from 47 to 49. i am so devastated, i just need the technique to turn the 49 to a 50.

    July 20, 2016 at 11:38 am #327956
    tsar
    Member
    • Topics: 5
    • Replies: 13
    • ☆

    Thank you both of you. Much appreciated.

    Any tips regarding P2 knowledge that’s required for the P7 paper, how to go about it, what to focus on while reading.

    July 31, 2016 at 1:44 pm #330405
    ddaddison
    Member
    • Topics: 0
    • Replies: 15
    • ☆

    Make notes on every topic. – these notes should be concise and focus on main points.

    Do every exam paper.

    If you are in practice – bring in your audit experience.

    September 3, 2016 at 5:04 pm #337342
    fbawany
    Member
    • Topics: 20
    • Replies: 171
    • ☆☆

    tsar all p2 knowledge (apart from exposure drafts) is examinable in p7.

    In Q1 always lay out the briefing notes professionally including a paragraph on Audit Risk/Business Risk and always have a conclusion.

    As per the ACCA Exam Expert app (available on smart phones) the 4 professional marks in P7 are for;
    – Form & Tone of answer
    – Structure & Persuasiveness of argument

    I hope this helps and we both pass P7 this sitting

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