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I have both BPP and Kaplan exam kits and I am currently practicing ratio analysis. I always try my best to analyze ratios I have calculated and give comments based on the scenario given. And I confidently write out my comments based on the requirement with responses that the examiner has said the way we should tackle ratio analysis (from examiner’s report).
After answering one ratio analysis question, I look at the back and my confidence goes down a lot even though I thought I had given a good response, the answers at the back really are intimidating and I feel my answers not good…
Do examiner’s really expect an answer like on the back answers of revision kits on ratio analysis questions in section C? Or should I answer the way I do and keep practicing on it? Sorry, I just don’t know who to ask and tell my problem to, thank you for all your help.
These printed solutions are intimidating aren’t they!
In ratio questions, there’s normally .5 – 1 mark for calculating the ratio and 1 – 1.5 marks for commenting on it
In terms of time allocation, that calculation and commentary combined should take no more than 4 minutes MAXIMUM
Given that you’ll take 1 minute to calculate the (presumably) two ratios (this year and last year, say) that gives you just 3 more minutes to write a commentary by way of explaining what the possible causes might be for the change from one year to the next
Sometimes ratios are given in a question (say, for the industry) and you only have to calculate one set of ratios..
That’s great … except that there will be twice as many to do – instead of, say, 6 pairs, you’ll now be faced with 10 – 12 separate ratios to compare with the industry statistic
Yes, these are tough questions (aren’t all exam questions tough?) but you’re in no worse a position than thousands of others facing this hurdle on the same day that you are
Remember, if it’s 3 minutes for commentary on a single ratio, that means no more than 2 sentences of 3 lines length each sentence
And, no, the examiner cannot and does not expect students’ answers to be as comprehensive and wordy as are the printed solutions
Better?
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