nbsp; provision. Many answers to this requirement contained the
comment ‘get management representation’, with nothing further
written. For marks to be awarded, the answer would need to say
exactly what the management representation would state, as it is
the wording of the representation that constitutes the audit
evidence. Similarly, a different requirement on the same paper
asked for audit procedures in relation to the amortisation of
development costs. Many answers stated ‘discuss with
management’. Discuss exactly what, and with whom?
Again it is practice of exam standard questions, followed by a
detailed review of the model answer, which will help to appreciate
that vague answers are worth very few marks at this level of the examinations.
Interviewer: It is clearly important to follow the above tips and avoid any
common pitfalls in exam revision and performance. What further
information about student performance would you give which
might help students prepare for exams?
Examiner: After each examination session, all ACCA examiners are required to
produce an exam report. These reports highlight key issues arising
in the last exam and focus on where students performed
particularly well or badly. These are published in February and
August and can be found under paper resources for each paper
which can be accessed through the website.
In addition, after each exam session has been completed, the exam
review board meets. This is a board consisting of ACCA internal
Education staff and six representative members of the approved
learning partner community. Minutes from this board summarise
the comments made by tuition provider representatives, report
survey results about the exams from student questionnaires and
detail the responses. Again, the minutes from the exam review
board are available on the website.
Interviewer: And finally, what would be your concluding advice about the P7
examination paper?
Examiner: First, students must always read the question scenario and
requirements as carefully as they can, identifying and
understanding the instructional verbs contained within each requirement.
Second, it is important to properly think about the scenario,
looking at the dates, locations, business activities and people
which make up the scenario. Take a minute or two to digest and
comprehend the situation before starting to write an answer. Doing
this will help the answer to make sense in the context of the scenario.
Finally, don’t forget that answers given should relate to the
question actually asked, not the one that a candidate would have
liked to answer.
Interviewer: Thank you very much for sharing your insight into this exam paper.
I’m sure it has given students and tutors lots of useful information.
Examiner: Thank you.
|
