Here is some advice from years of teaching all papers
Now that you are preparing for your ACCA June 2017 diet exam – here’s a little food for thought on which paper to take next..
Wordy and Numbers papers together: F4 & F5, F7 with F8, P1 with P2, P3 with P4 etc. These are generally wise choices however students who do this have a tendency to over focus on a particular paper. Avoid this big mistake – generally split your studying 60%-40% but not below this. The secret to the wordy papers is generally past paper & question technique – this might takes time bur will triple your chances of passing your ACCA exams.
Do F7 before F8 (or simultaneously): Just because you will assimilate faster with some audit risks.
Do P2 immediately after F7: There are lots of similarities and you will find the groups techniques particularly useful again.
Do P7 as soon as possible after P2: This will be of big advantage as the major principles of corporate reporting standards (not calculations though) are all important in Advanced Audit and Assurance.
Do P1 as soon as possible after F8 (or together): There are lots of similarities regarding internal audit and corporate governance which will help you in the exam hall.
Don’t do P3 or P4 alone: This might sound odd to you however; with my years of teaching experience I realized that there is a tendency to “over study” these papers. Usually most students in writing ACCA skills level exam depended on hard study and memory work which helped them to pass their exam but later realized that this study technique isn’t working in the professional level. Furthermore, the key is understanding the principles and applying them like a real like scenarios because the examiner expect you to answer the question like a professional.
If taking 3 papers – try and ensure at least 1 is wordy: These papers are less technical and need less knowledge work – P1 is a good filler paper if you want to write 3 papers this diet.
P7 needs a rethink of your technique and thus more time: As mentioned earlier it builds on Corporate reporting (and AA) and needs to be done ASAP after corporate reporting particularly – however do be aware that the technique for this paper is vastly different. The examiner expects are a far greater range of points and thus knowledge than any of the other papers – so it’s a proper combination of lots of knowledge work and application skills. Therefore be wary of doing this alongside more than 1 other paper.
Any paper you will write I hope this will aid your decision – they’re not meant to be rules, rather just things for you to consider when choosing the paper to write in your next ACCA exam.
To your exam success,
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