QUOTE(Chanita @ Feb 11 2012, 08:28 PM)
HI GUYS...I need serious advice. I'm planning on sitting for the F7, F8 & F9 papers this June 2012...which is the best way to study ...time factor so I'm unble to attend classes.
Thanks!
if say, u have no other choice but to take 3, go n check time table.. min 3-2 days gap not so bad..
I'd say 2 months before finals you have to put your heart into it.. do lots of questions especially past years because similar questions tend to roll again and again. and believe me, they really do. well, doesn't mean you can ignore your textbook.. still read laa..
I did past years for each of those papers for 3-5 rounds.. until everything get 'stuck' in my head.. get the pattern set..
F7: do lots of practice for consolidated accounts, cash flow, and those SOFP + SOCI.. these almost ALWAYS appear.. the 2 other questions must be touching on IASs. so read up on that. I remembered that i did a question on contract cost and the exact same pattern came out, so i find myself not needing to think hard on that and just put the numbers on place. exercises help.
F8: almost always, they will ask on assertions, so know your assertions for completeness, existence, valuation, cut off, etc and your substantive tests, recalculation, analytical procedures, vouching, tracing, inquiry, observation etc
and then got internal controls where u gotta comment and recommend improvement. and theres also question on ethics (audit threats)... u gotta cover the accounting cycles wages, nca, payables, receivables etc
F9: famous questions is on investment appraisal, so do the NPV table kinda questions lots of times. u usually need to carry out WACC calculations to calculate cost of capital, so master those kinda questions. foreign exchange also quite famous, so master those terms spot rate, average rate etc. dont forget how to account for inflation as well.
you must make time at least the last month before finals, and just continue on doing questions everyday. i'd recommend 3 days shift between the papers and not studying like a week for one paper, and then continue for another week for a diff. if like that, you'll find out at the end of the study period, u already forgot the earlier ones u studied.
hope it helps!
This post has been edited by noonies_naruto: Feb 12 2012, 12:09 AM