Good Luck!

[Vandana]

Hi all,

The very best of luck for you in the exam on Thursday! Remember the following:

1) Do NOT spend more that 40 minutes on the numerical part of the consolidation question! It is not worth it - move on to the next question and come back to it if you have time

2) DO answer part b of the Q 1 FIRST! It will give you some easy marks.

3) In Q2, the preparation of the balance sheet/income statement question, do NOT try to do ALL the adjustments - it will often take too much time! Focus on the adjustments you can do and do them

4) In the remaining questions, DO ensure that you answer something for Each part of the questions, as they are usually broken down into smaller parts. Where possible, give the impact on the financial statements, either by giving the double entry in international format i.e.

Dr impairment expense (IS) 10,000
Cr Property 10,000

Being the loss suffered due to damage to the property

OR by explaining the impact - i.e. Due to the damage on the property, the value of the property in the balance sheet will decrease by 10,000 and there will be a corresponding increase in impairment expense, thus reducing profits.

5) DO ensure you have labelled all your workings and referenced them CLEARLY to your main computation. This will save the examiner lots of time while he marks your answer!

6) DON'T PANIC!!!! If you are finding the exam hard, then know in your heart that EVERYONE across the world is finding the exam even harder!!!!

7) When you finish the exam, DO NOT spend ages doing a post-mortem of what you did and what your friends did. There is no point!

8) DO relax! If you feel like it, come to share your thoughts on the forum. We would love to know how you got on.

GOOD LUCK ALL!!!!

Vandana and the team at GTG

[ankur.jain_aj]

Thanks for all your supports and help towards the exma............