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Please share here with community your comments about June 2011 P7 exam.
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That was really hard lol
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TERRIBLE in CAPS! Was it me or did it not follow any of the last papers!
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Hi All. The exam was not as bad as I expected to be, the only bits is that due to the new format Q1 and Q2 seems to be too long (although the more info probably the better). Q2 was something new (assess going concern matters using the balance sheet and projected cash flows and comment on the projected cash flows assumptions) I didn’t see anything like that in my revision kit (BPP) but was able to do it as I curently work in audit
Time mgmt was an issue (I spent too much time in Q1 and Q2) and had only 30 mins left for Q3 and Q5 which both partially attempted . I wish I had more time to respond all parts of my quetions in section b (they were not difficlult, Q3 mainly about considering ethical and proffesional issues of accepting a new audit client which have never been audited before – the book shop – and the considerations to audit the opening balance sheet plus procedures for auditing opening inventories) and Q 5 group audits which I only attempted part b due to no time)
Overall I hope there is enough meat to convince my marker I deserve to pass. I wish you all good luck and try to remain positive
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What a hightmare, especially Q2 going concern, cash flow and forcasts :(((( run out of time to complete this
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i am lucky if i get 10….this exam was terrible. i even had difficulty to find where the question was – refering to question 1.
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Not good im afraid! Exam did not reflect past papers. Blooming Audit partners should learn how to email in an understandable format :o)! The volume of reading in all qus was quite difficult also, no real let up. Sadly i ran out of time for 12 marks so will be back in Dec 🙁
The questions were too long. Time wasn’t managed properly.Very though exams but doable nonetheless if you’ve had some audit experience. Some of the questions were generally common sense questions but its difficult to gather and compose thoughts under such timed condition. By and large it wasn’t so bad. Wish everyone that took the paper good luck.
difficult to locate requirements for q1 and q2. time pressured…bad paper for dis exams
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AS God Wants we will all succeed 🙂
I also found it hard and especially very big time pressure.
and this was the exam I considered it would be ok. i am afraid about P4 but if P7 was so stressy I dont want to know how P4 will be after tomorrow…..any tipps?
my paper was terribly horrible! i never expected i would create such a mess..
i could just hardly attempt 65 marks out of the paper, it was damn lengthy.. couldnt even see the question 2, later when came out got to know that it was not so hard, but i do not know just messed up.. the Q1 and Q2 combined were too lengthy…
All comments as at yet seem to b similar, anyone who came out with a happy face ??- Topics: 0
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@asthavora85 said:
did anyone do q4?Hi, yes i did Q4 due diligence review?
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Too lengthy a paper, though i agree to what “rmontilva” said that questions had enough meat to convince the marker.
Spent too much time on Question 1, and thus attempted 81 marks of the paper!
In the morning i had to score 50% to clear, now i need 62% !! The tables have turned 🙁
Hopefully i’ll clear someway. I just hope and pray 🙂Tip :: Attempt optional questions first, they are a lot easier as compared to the compulsory portion !!
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What did people put for the matters to be considered for Q1 Part a (i think…)
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@david1983 said:
i am lucky if i get 10….this exam was terrible. i even had difficulty to find where the question was – refering to question 1.lolz! u described the paper best
than othersI agree that the questions were lengthy. could have written more but just not enough time. Question 1 and 2 just took up too much time.
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if i prepare paper of that level and given to the exaimner,i bet she wont be able to finish all
Format completely changed. You cannot easily get the question requirements. You have to finish reading a long passage before knowing what to do. Not the best of styles. Someone must bring the examiner to order.
Very tough Paper
Tme pressured
Q1 – Very tricky and confusing for 27 marks !!:(((@asthavora85 said:
did anyone do q4?yes with 45min remaining for attempting 2 question I thought Q4 was less time consuming…… why?
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Im expecting passing marks but fingers crossed.
The only issue was time management. I couldnt attempt the last question properly. Just put few lines, hopefully I will earn few marks for that. My friend left the whole question, he couldnt even touch it.
It was long paper
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