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new to p7

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › new to p7

  • This topic has 5 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • August 17, 2013 at 3:53 pm #138409
    rockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    hi i ve decided to take p7 i am jus confused how to start ve purchased bpp books wanna ask that for P7 any rote learning is needed ? if ther is then in which areas and is it better to read first book then practice the questions so we should do question topic wise ? and which chapter i should read first. thanks.

    August 17, 2013 at 4:21 pm #138411
    rockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    i want to know the marking scheme i mean is it good to write a 10 detailed point for a 20 mark question or 20 short points? and how long a detailed and short point should be ? thanks

    August 18, 2013 at 11:43 am #138455
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Hi Rockerz – at last you’ve made your choice! Marking – I believe that you should work on the basis of one point = one mark.

    there are some questions which ask “Identify and explain ….” For that type of question the marking scheme shown in revision kits for some of the questions suggests .5 mark for “identify” and 1.5 marks for “explain”

    You’ll quickly get a feel for the way marks are allocated when you start looking at past exam questions. If you can identify only 10 – 12 separate points in a 20 mark question, then it’s likely 2 marks for each point. But if a suggested solution has 20 – 25 separate points in there, then it would seem likely to be a one mark per each point.

    It’s important that you stay up to scratch with IFRS – they do feature quite extensively in P7 problem / scenario type questions and a quick revision of your F8 knowledge would also be useful

    As for book reading …. it’s my belief that a study text is useful in situations where you want to look deeper into a topic. But that’s just my personal belief. So, if it were me facing your dilemma, I wouldn’t go to the study text first (and maybe even not at all!) Get stuck into F8, revise your P2 IFRS, watch / listen to the Opentuition P7 material and start doing past exam questions from a reputable revision kit

    This is the first time I have put this next piece of advice on Opentuition – enroll with the website http://www.accountancyage.com and get them to email a FREE daily notice to you. Pretty much EVERY day there s some piece on their front page which is of direct interest to P1, P2 and / or P7 students

    Hope all this helps but, if you need to, please post again

    August 18, 2013 at 12:02 pm #138458
    rockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    thanksss @mike for your great and detail advice will follow ur steps 😉

    August 18, 2013 at 12:07 pm #138459
    rockerz
    Member
    • Topics: 72
    • Replies: 82
    • ☆☆

    one more thing i wanna ask there are many IAS and IFRS so which one are more relevant for P7?

    August 18, 2013 at 12:24 pm #138460
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Sorry about this! All of them! You can check the precise detail from the ACCA website by looking at the syllabus for P7 but, in general, all of them

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