Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › P2 – June 18
- This topic has 41 replies, 14 voices, and was last updated 6 years ago by pangolinsegg.
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- June 3, 2018 at 12:55 pm #455751
Going to attempt P2 in a few days. Feeling sick like a dog as I just don’t feel confident with it.
If i hadn’t booked or fee was refundable, probably would have changed the exam to a later date.Just wanted to ask if its just me or others are feeling that there’s so much to cover and sometimes don’t know where to start? Or nerve-wracking facing the exam. Its ridiculous as im getting kind of worked up and anxious over it.
As its too late to keep going over notes, I am now sticking with the 2 mock exams and going through them and trying to retain as much information as i can for the exam, with the added pressure of feeling like a complete waste of space or failure if i fail and have to tell people that it didnt go well :s
June 3, 2018 at 1:13 pm #455756I could have written this post!
I had convinced myself on Friday that I wasn’t going to go, but I think that’s daft. Go along, see what you can do and at least you’ve tried and just prepare for a resit in September.
I have felt a bit like this in previous exams but this one seems amplified as it’s my first attempt at a P paper. Can really fell the step up from the F papers.
If SoFP comes up I will be able to make a decent stab at it. Either of the other two and i’m in trouble.
Today, i’m just going through all the written questions in the BPP revision kit, writing down what I think I know and then comparing with the answer and writing down the elements I missed and hoping that it all stays in my memory somewhere! Tomorrow, back to the calculations.
Good luck for Tuesday!
June 3, 2018 at 1:34 pm #455759This is my second sitting with P2. I sat it last about three / four sittings (i cant really remember). I failed badly with 35% which showed a massive gap in my knowledge.
Failure is good, it gives us focus and makes us humble, but it also adds a new level of tension.
In one moment i feel ok, then i panic and think i know nothing. The paper itself has a reputation and sometimes i wonder if that is adding to our tension.
Its too late now to worry, we can only keep trying for the last few days. It will soon be over π
June 3, 2018 at 1:50 pm #455760The way I feel right now, i’d take 35 and then push on for the Sept re-sit. Genuinely don’t think i’ll even reach that.
As you say, come 1:15 on Tuesday it’ll all be over and we can enjoy the summer. (until we get the result!)
June 3, 2018 at 2:07 pm #455762I am exempt from F papers, but Uni was like 7 years ago and this is my first P paper also.
In the same boat as you for SoFP, i can make a half decent attempt, other two i’m snookered.
Tried section B questions from the Kaplan revision kit, but was struggling to do them quickly enough to get through whole revision kit quickly enough, with only a couple of weeks to go to exam. So started doing q1 practice and standards, to at least getting that covered as much as possible. Still doesnt feel enough though.
Will be making a seperate thread after exam to see how people are doing it. As i must be going wrong somewhere to be feeling like this. Maybe 3 months isn’t enough with a full time job, albeit i’ve probably only got 4 weeks in of some good study and the other 2 odd weeks was probably mostly stress and jot taking anything in.
June 3, 2018 at 2:10 pm #455763My crystal ball tells me that you all gonna pass.
June 3, 2018 at 2:16 pm #455765Agree Ruth, its a double edged sword, can be good to guage but also works against you if you’re sensitive take it to heart or already feel down.
Yes guys, Tuesday will be good regardless of how exam goes. Got a list of ‘to-do’ things which have been on hold due to having no life for the past month. No gym no friends just work home study burning my head out.
Even a free mind going to the coffee shop afterwards, and relaxing seems like a 7 star luxury to my life π
June 3, 2018 at 6:31 pm #455830I’ve certainly had some anxiety running up to this one. There are so many standards to learn, some with quite complex rules.
I focused a lot of revision on q1 practice that I neglected the section B practice until a few days ago. I then started to realise how many gaps there were in my knowledge!
Luckily my employer gives me a generous amount of study leave and I use this to study at home immediately before the exam rather than go to college. I’ve practiced a lot of questions this week and things are starting to come together.
I think those worrying about which particular financial statement comes up in 1a should remember that you’re doing a lot of the same calculations regardless. There will always be a goodwill calculation and usually an acquisition or disposal, an associate to deal with etc. Then it’s dealing with the various adjustments which usually impact both profit and the balance sheet.
Remember that although the cash flow statement is a little different there are still lots of easy marks available for things like change in inventory, receivables and payables. With the cash flow it’s also key to look at every item in the P&L and BS you’re given and think “Does this have an impact on cash? Have I taken it into account?”. There are often ‘hidden’ things such as purchases of intangible assets which the question doesn’t point out explicitly but you need to pull out for yourself.
Best of luck to everyone on Tuesday!
June 3, 2018 at 8:25 pm #455844Nice to see i’m not alone!
Feel ok about question 1a but the rest of the paper is going to be an absolute disaster.
Worst part is is that the course is changing because I’ve been told it’s going to be even harder π
June 3, 2018 at 8:28 pm #455848Yeah, i’m back to considering not turning up. π
Joe – the new exam has exactly the same syllabus, but the 30-35 mark calculation (Q1a) will be no more.
June 3, 2018 at 10:38 pm #455861Just do what you can. I’m not even going to push an all nighter as it’s simply not going to work and feel it may end up even worse. Struggling to concentrate now.
I’m only forcing myself to go now as I have paid them for the exam.
Joe – I heard same but made myself accept the fact that if I had started Acca later i would’ve had to sit the new SBR anyway. We don’t get a choice, just need to accept it, may be tough but it will be same for everyone else.
June 3, 2018 at 10:42 pm #455862@pangolinsegg said:
Yeah, i’m back to considering not turning up. πJoe – the new exam has exactly the same syllabus, but the 30-35 mark calculation (Q1a) will be no more.
How did you get on? I was on and off with concentration so got bits done but really not enough.
June 4, 2018 at 5:46 am #455898@dsrdbx said:
Going to attempt P2 in a few days. Feeling sick like a dog as I just don’t feel confident with it.
If i hadn’t booked or fee was refundable, probably would have changed the exam to a later date.Just wanted to ask if its just me or others are feeling that there’s so much to cover and sometimes don’t know where to start? Or nerve-wracking facing the exam. Its ridiculous as im getting kind of worked up and anxious over it.
Tomorrow is the exam date and I feel exactly the same way! I feel I might have to do the new SBR paper in September! In the meantime I’ll press on and do my best tomorrow …
June 4, 2018 at 8:53 am #455935Morning Everyone.
I had a bad day yesterday. Got really upset and couldnt even look at my books in the afternoon. I have however been dreaming about SOFP’s and Cashflows for days which must be a good sign.
Like others though i fear too much time and focus has been spent on Q1 at the cost of the other questions/marks.
I personally spent money on tuition this time and i will say this. They teach the subject well and i felt like i understood it more than previously. When i try and look at an exam question though its like another language and its really depressing.
Good luck with you final hours…see you on the other side π
June 4, 2018 at 9:09 am #455938@dsrdbx said:
How did you get on? I was on and off with concentration so got bits done but really not enough.Packed it in at 9:30 – wasn’t taking anything in. The other mistake I made was to book the UK version of the paper. There’s a downloadable supplement for the BPP study text which I forgot about until last week. So that’s more info that needs to be known. Looking back it looks like maybe 8-10 marks based on that but it could be up to 20. Haven’t even looked at the supplement yet.
I wish you could leave the exam when you were done. Don’t fancy sitting doing nothing for an hour or something. Although I realise that would put other people in the hall off.
All the best everyone – make the most of today and you never know. Be good to hear your thoughts afterwards on Tuesday.
June 4, 2018 at 10:12 am #455946@exams4fun said:
Morning Everyone.I had a bad day yesterday. Got really upset and couldnt even look at my books in the afternoon. I have however been dreaming about SOFP’s and Cashflows for days which must be a good sign.
Like others though i fear too much time and focus has been spent on Q1 at the cost of the other questions/marks.
I personally spent money on tuition this time and i will say this. They teach the subject well and i felt like i understood it more than previously. When i try and look at an exam question though its like another language and its really depressing.
Good luck with you final hours…see you on the other side π
Similar, heads everywhere and today being the day before the exam I’ve got a never ending list of things to go over, no chance I’ll get all of it and I’ll prob burn out, just going to do what I can.
re- tuition – I was thinking of attending Kaplan classes, but never hear anyone talking about their experiences of them or any reviews.
It’s a lot of money so would like to know whether it will actually help or they just go through it a very fast pace and leave you at square one? I work full time and work a weekend too every fortnight. So fear that it could end up being a big waste of money if you can’t keep up with their schedules and don’t take things in.June 4, 2018 at 12:05 pm #455971I am on Kaplan.
Yes it has a cost, and thats hard. Its been frantic. I too work long hours. I try and keep up but i certainly haven’t had 6 weeks “revision”. Maybe thats whats wrong with me. I am SOOOO fed up of the answers looking different in each example though. Past exam paper answers look nothing like others.
On top of that i have ADHD and not taking meds at the moment so i feel that i am fighting a loosing battle here. The more frustrated i get with it all the less its makes any sense.
I honestly cant see me doing much today. I think my brain has had enough. I feel so exhausted its becoming physical now.
June 4, 2018 at 12:14 pm #455972The model answers are wild in my opinion.
Working 2 referencing working 9, working 3 referencing working 7 etc.
Through Learn Signal I learned that you can generally just work your way through each point/note in the question in order. That certainly helped me a bit.
June 4, 2018 at 12:18 pm #455973I think that is a good process to adopt. Generally thats how i work it but given that i am now supper stressed my mind has its own process. Its like a jumble of bits now, without any link π
June 4, 2018 at 1:01 pm #455986Easier said, try and take 15-30 mins away from books to relax the mind in fresh air. Agree model answers leave you more confused/frustrated.
Ruth – Did you not take revison classes with them?
I have been using acounwtancy, but not sure whether I need just that or additional resource to go with it to help me pass next time.
I’m hoping its due to starting late and not enough practice, as its begining to feel like I’ll never pass this, and its impossible even in future :SJune 4, 2018 at 1:25 pm #456001Hi all, reading your above posts made me feel like I wasnt the only one feeling that way.. The pressure is hard knowing it’s the last P2 attempt before SBR!
There are so many standards to remember, and answer indeed being so complex, I wonder how you are spending your last hours of revision?
I am trying to attempt a few more questions but not sure how beneficial this is at this stage..
June 4, 2018 at 2:37 pm #456007Not achieving much to be honest. Was going to attempt Q1a from the Sep/Dec hybrid. SPLOCI. Couldn’t even get started without referring to the answer.
Brutal stuff this.
June 4, 2018 at 4:13 pm #456050I am feeling OK about section 1a, think I will be able to achieve 50% here, but the section B questions I am hating. There are so many little rules to remember and different rules in very minor different situations. This is my last one and I am feeling the pressure, I like everyone else, spent alot of my time practicing the consolidations and feel I have jepordised my chance of a pass.
I am also doing UK version and worried about what may come up on this.
June 4, 2018 at 5:12 pm #456108@pangolinsegg said:
Not achieving much to be honest. Was going to attempt Q1a from the Sep/Dec hybrid. SPLOCI. Couldn’t even get started without referring to the answer.Brutal stuff this.
From reading a few comments, I think SCF or SFP are more likely to come up.. So i took the risk and didnt really look into OCI :-/
Have you guys attempted the mock exams by Becker?
June 4, 2018 at 5:51 pm #456130Im trying to revise now and i cant seem to register anything that i am learning. I have no hope for this exam. Does anyone have any tips?
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