Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › what is the secret of passing P7?
- This topic has 11 replies, 10 voices, and was last updated 11 years ago by thuha.
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- August 8, 2013 at 8:19 am #136141
I have written P7 in two consecutive sittings but I cant make it. I wanted any advice on this?
August 8, 2013 at 9:11 am #136212Just scan through open tuition notes then study the past questions and answers book deeply, then go over opentuition notes again,then listen to the webmaster from ACCA on p7 exam skills and you will be good.
August 8, 2013 at 9:36 am #1362531 OT Notes
2 Kaplan Study Text OR Bpp if you have time
3 Last 5 years exam papers and you are good to goAugust 8, 2013 at 9:58 am #136282I was always scared of P7, I took it in December and got 46, I was reading about people taking it 4 or 5 times. So for June sitting I went over my notes, went over each question twice and got 57 this morning.
Tax however, not bleming sure, good luck and hang in there.
August 8, 2013 at 10:59 am #136348@giftbanda2, this link may be of help to you: https://opentuition.com/topic/how-we-did-it/
I pretty sure you’ll do better this time. Focuse your energy and make the most of the exam day. No amount of lectures will do if you fail to maximise the moment.
Good luck in your next attempt.
August 11, 2013 at 5:06 am #137476Should we quote the name & number of ISA before we develop our points or no need to memorize it then just state that according to audit standard ….
Those passed P7, pls advise.
Many thanks
August 11, 2013 at 7:58 am #137487AnonymousInactive- Topics: 0
- Replies: 5
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Secret to passing ACCA exams is :
ACCA is all about time management. You can have all the necessary information in your head but if you over shoot in one area, you eat up marks in other areas. Literally stop writing once you hit the time allocation for that question and move on, no matter if you have more to say, leave some space and you can come back if you finish the next question(s) before time.
Always leave a line once you made a point, never make two points in one paragraph cause it is like you are asking the marker to only give you one mark for that whole paragraph. One point one paragraph(sentence) = one mark, as straight forward as that .
The trick is to always answer the whole paper, markers will feel more obligated to go over your paper a second and third time if you’re border line 47/48 to look for those extra marks for you if you answer all the questions in the exam.
For passing P7 specifically:
As my old tutor used to say “put your auditor hat on”, literally.
When you study, and practise questions just ask yourself “how would I handle this as an auditor”.
No need to memorise ISA numbers, just understand the concepts and apply them to each scenario, answer what that the question is asking you. RTQ = Read the question, read it once, twice, three times before answering, then proceed to answer, and re-read it one last time while answering to make sure you do not stray from the topic asked.
Its all about applying information you learnt to handle issues that arise in those specific scenarios. They want you to apply the knowledge from the standards to those scenarios.
And most importantly, you never lose marks in ACCA, so don’t think much about whether to put one thing or another about any specific scenario, put them both down, very likely you’ll get a mark for both. and Never cross out any mistake points, leave them and move on, you might get a mark for them. Just Write , write and write more, make points, any points that come to mind pertaining to the scenario.
Thats the best Advice I can give you that I got and was drilled into me that helped me clear all my papers, praise be to God for giving me the opportunity, knowledge and skill needed to have finished my papers.
August 14, 2013 at 3:22 am #137952Hi Vegetakun,
Thanks for your advice, I got a lot from it,
Really appreciate you.
Please what paper do you think best to sit together with P1?
my email flomartin54@gmail.comThank you
August 18, 2013 at 4:27 pm #138477<cite>@vegetakun said:</cite>
Secret to passing ACCA exams is :No need to memorise ISA numbers, just understand the concepts and apply them to each scenario, ….
Its all about applying information you learnt to handle issues that arise in those specific scenarios. They want you to apply the knowledge from the standards to those scenarios.
——————
I am still confused if we don’t need to quote ISA number, how we apply its concepts to scenarios? ie how to start my point? Or I just need to start with “According to ISA, & tell a ISA concept?Pls. help.
Thank you so muchAugust 18, 2013 at 10:50 pm #138495@ Thutha
You made the right point here. Giving reference to ISA standards is important for P7 as yesterday i went through examiner guidance on approaching P7 it had it written there to give specific reference to the ISA along with the IAS/IFRS as applicable in the paper. As you need to apply those standards and its principles in the given scenario.August 24, 2013 at 3:18 pm #139020ugras05 could i get ur lucky note that help u to pass if i can then send it to
moktaacca@yahoo.comAugust 25, 2013 at 8:28 am #139038Sir, Can you give an advice on @vegetakun & @rimx opinion about how should we apply ISA to the Exam scenario without memorising ISA & IFRS number & name?
Appreciated your advice
Thanks a lot
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