01 901 2014

F is for Phoenix: Rising from the Ashes of a Fail

F is for Phoenix

(Rising from the ashes of an ACCA Professional Level Fail)

No matter how strong your character, that moment when your eyes fall on the word FAIL where your beautiful PASS should have been is like a blow to the solar plexus. Einstein says that doing the same thing and expecting a different result is a sign of insanity. So let’s have a look at what the examiners advise, word for word, in their most recent reports that you do differently to get you over the line in June.

P is for Post Grad

From P5 – “We would strongly advise that… [you] have the right overall attitude to P5, which is intended to lie at a post-graduate level. Most examinations require a balance of memory work and evaluation/analysis. However, as one goes through the levels (say from F2 to F5 to P5) this balance changes, from pure memory to more analysis. Good candidates distinguish themselves by beings aware that if they come to this examination expecting to repeat memorised material. They will probably score only between 20% and 30%.”

A is for Application

From P6 – “common issues were…..Incorrect application of the above rules and conditions to the facts of the question, even when the candidate listed the rules correctly.”

From P2 – “candidates need to develop an understanding of the important corporate reporting concepts so that they can then apply their understanding of these concepts to the scenarios presented in the examination.”

S is for Support

From P3 – “An article to support question two was available in the P3 resources area of the ACCA website.”

From P1 – “Candidates are reminded of the exam resources available to students via the website which contain many technical articles, study support videos, syllabus updates and exam technique guidance which provide an invaluable sources of information.”

S is for Structure

From P4 – “Answers that score high marks show a reasoned structure…..reasons for candidates performing less well were:

  • Written answers that were poorly structured.
  • Not structuring Question one, part b) in a report format and consequently, not gaining all the professional marks available.
  • Not carefully reading the requirements of a question and therefore not answering the question that was asked;
  • Focusing more on either the numerical or discursive parts of the examination. Candidates need to be aware that a balanced approach is required to achieve a pass.”

How better than to follow the words of the examiner to improve your next performance.

P – Aim for professional and Post Grad standard

A – Apply your knowledge to the scenario given

S – Use the specific supports provided on the ACCA website

S – Structure makes it easy for the examiner to give you those precious marks.

Make it so!