F8 Students - DONT PANIC!

[Acid]

Hi F8ians,

Its near exam time and most of you are really worried about how to deal with this paper which had the least passrate in past. But remember if you are well prepared than you will definitely pass! There is no chance of not achieving a pass standard.

What is a well prepared student ? Its same old students anthem . But I define it as , If you have read study text , understood concepts, practised many questions from Questionbank and currently giving ATLEAST 3 hours daily to the subject then you are well prepared ( Just my judgement ).

Prepare : Audit planning , internal controls , Corporate governance and Audit evidence WELL!

Read my previous posts which may be helpful for you all :

World Class Study technique:
http://www.getthroughguides.co.uk/forum/showthread.php?t=287



Best of luck and dont panic !

Acid

[Vivienne]

Yes Acid,

Thanks for the encouragement on this paper.i have failed it once but believe you me i didnt know half of what i know now.in other words i was ill prepared for the paper.
We should all go through the article by our examiner which appeared in the student accountant of march or april 2008 on how we fail to make it in this paper.a lot of things were highlighted and it made me see why i actually failed. but this time around am more than armed.

I am starting my study leave tomorrow until the time of the exam.i should be able to have enough time to prepare for the two papers.but it will mean less participation on the forum as i will not be in office

Goodluck to all forumists

[Hamdy Hafez]

Yes Acid,

Thanks for the encouragement on this paper.i have failed it once but believe you me i didnt know half of what i know now.in other words i was ill prepared for the paper.


yes Acid , also yes Vivienne, you are right
I have failed last Dec 2007 (F8) , like you, but I'm sure that it's my false


We should all go through the article by our examiner which appeared in the student accountant of march or april 2008 on how we fail to make it in this paper.a lot of things were highlighted and it made me see why i actually failed.
also regarding this issues you are right



but it will mean less participation on the forum as i will not be in office

me too, but I'll be very busy next 10 day at my office

[Annie]

Hi Acid and Viviene,

I not sure whether I am really prepared for F8. This is my first attempt and I am really scared. I have gone through the study text and the question bank, it seems manageable but really don't know. Anyways I think we need to keep in mind the standards changed which are referred in the F8 study text in particular IAS 1. Use the changed terminologies.

The student accountant magazine and the pilot paper may give us some more confidence.


All the best all of you.

Annie

[Acid]

Hi Annie,

Its my first attempt as well . No doubt the paper is difficult but what we could do is a bit of rote learning and we need to learn and understand the terminology , For example insteading of saying that "...Auditor will give the FS to see if they are without any errors" we should say "...Auditor will give assurance that they FS are free from material misstatements"..

I believe using such terminology and reading many case studies we can pass the paper.

We only have to do our best , So no need to worri about.

I wish you all the best.

Acid

[Hamdy Hafez]

I believe using such terminology and reading many case studies we can pass the paper.

Acid

Believe me Acid, not just reading , but you need to do more practices (attempt at least 10 exams at your house) and that is the real problem , we haven't the required time to do that
& to bear in your mind the important issue - time management in the exam
I hope succeeding for all us

[Vivienne]

Dear all,

F8 paper is also about communication skills. we have to know the various terminologies that the examiner uses .sometimes we fail not because we dont know the answer but because we misunderstand the instruction.for example where we are told to explain then instead of explaining we list down. i have surely learnt something from the f8 -BIT(the point the markers raised) that when they say evaluate you are supposed to bring out even the advantages and disadvantages.

Secondly the Confidence.I subscribe to the thought that the exam is passed on the exam date.meaning that it also helps on the altitude that you have on that particular day.my daughter once told me that "mum the reason why you fail these exams is that you dont even have confidence in yourself" i surely agreed with her i was always going to the exams very withdrawn and not just sure of what i was going to do . so to Annie go with confidence that you are going for a pass and nothing else.

[Acid]

Annie , Vivie and Hamdy ,

When you all guys are giving you your F8 paper , make sure you remember that even Acid would be giving the F8 at the same time and would be finding it equally hard or easy!

So we arent going alone . When you go to the exam center , consider that F8 is a Mother Alien and we are all heros of F8 and we are there to save humanity i.e. coz if we pass the exams then we audit the accounts and prevent malpractices taking place! ;

So we are all in together!

Acid!

[Pixiefeet]

I really want to pass this exam first time around, I really need to pass first time around, but sometimes I feel as if I am doing a particular topic and I am comfortable with it and as soon as I move on I forget some vital areas of what I had already learnt...and what I was sure that I had concrete.

Types of controls for Sales, Purchases, Non-Current Assets, Pay Wages are very similiar but very long winded also.

[Hamdy Hafez]

but sometimes I feel as if I am doing a particular topic and I am comfortable with it and as soon as I move on I forget some vital areas of what I had already learnt...and what I was sure that I had concrete.

Types of controls for Sales, Purchases, Non-Current Assets, Pay Wages are very similiar but very long winded also.
Regarding this problems, you need to
1) Select an important question regarding every topic (Sales, Purchases, Non-Current Assets...etc)
2) Carefully read & understand the related answer of this question
3) Identify the main points (key terms) of the mentioned answer (you can get it from the marking scheme at the end of every answers paper of related exam questions - from ACCA website)
then you should to keep it in your memory & repeat it once & once
really I think it will be more usefull (just try it)
you can find some examples regarding this issues on the following link
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F8 Quick Revision Q&A Exams (http://getthroughguides.co.uk/forum/showthread.php?t=1058)