What better advice can you receive than from the examiners
themselves? After all not only do they write the ACCA exam, they also mark
it!
I recently attended a conference in London where
examiners fed back on the performance of accountancy students. It's a
great shame that you were not all in the audience
with me as they gave some great advice on how students can perform better in the
exams. Despite the fact you weren't there, the good
news is that the ACCA Examiners' Reports are issued after every sitting.
They contain nuggets of information that are essential reading for
students.
It was interesting in the conference that the examiners were
disappointed that many students did not take the time to read their ACCA reports - as
the same problems were coming up time and time again!
Here are the key points from ACCA P1. ACCA P2 and P3 will follow over the next few days.
P1 Exam Tips
Feedback from previous
exams:
- Evidence of students reproducing prepared answers
- Students spent too much time on the questions they were more comfortable with
- Students listed their answers
- Lack of knowledge was demonstrated on some questions
Tips:
- Manage your time
- Ensure you answer all parts of the question
- Apply your answer to the given question rather than stating theory or knowledge
- Avoid lists and bullet points
- Plan your answers - avoids duplication and saves time
- Pay
close attention to the number of marks available for each questions as it
indicates how long you should spend on each part
- Ensure you have sufficient knowledge of all syllabus areas - anything can be tested!
For full
analysis of the most recent ACCA Examiner's Report go to the following
links:
Remember, keep an eye out for ACCA P2 tips in the next blog post.
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