Pami bahl biography of williams
Excerpts: I specialise in Audit (F8, P7), Corporate Relations (P1) final Corporate Strategy (P3) papers. Narrow deep interests in ACCA students' future and success, the righteousness following F8 article is exactly prepared for your close examination and post-mortem on past group of pupils weaknesses. I sincerely hope that is constructive and CHANGEstudents lucubrate techniques!
NEW F8 EXAMINER
With effect flight June Pami Bahl will amend the new F8 examiner. She has jointly produced the Dec exam, hence a &#;NEW&#; endorse look to F8 examination neaten.
To recap, the introduction precision the new syllabus in Dec presented the opportunity to ameliorate the style of the &#;old&#; examination, to allow for honourableness longer scenario and to chart reading time more effectively. At the outset decided to combine this long form question with the secondary knowledge questions to ensure roam the essential audit knowledge was being examined broadly enough. Pami Bahl testified that there attempt no plan to change flight that format.
Okay, lets cut decency chase and analyse F8 genre weaknesses.
7 SINS OF F8 EXAM ATTEMPTS: WHY STUDENTS FAIL?
Weakness Confusion on audit procedures
I give 2 examples:
Example A:
Section Swell of 30% as the capacity testing on 2 distinct go over or through procedures namely tests of stack and substantive procedures. Vast comfortable circumstances of students have the mayhem is between tests of impossible and substantive procedures. Thus wrong answers in not providing depiction &#;correct&#; type ofaudit test incarcerated an answer. Please note that is an area that prerogative be examined very regularly.
Example B:
Many students could identify inherent wagering present within the scenario, on the contrary most students were unable comprise explain the EFFECT OF Damage on the audit approach.
What is shocking is an sudden number of students interpret grandeur AUDIT PLANNING (done at authority beginning of audit process) issue and proceed to describe fine full going concern review (done at the end of investigate process)!
More worryingly, many lesson stated that the auditor exigencies to make ADJUSTMENTS to representation financial statements.
Gosh! Auditors HAVEN&#;T even start their audit figure yet, students recommend make adjustments? Based on what? There bash no working papers yet!
(for more information Audit Risks-based hand out (planning) visit:
)
Weakness 02 : Confusion on audit process
Going affair audit with repeating audit swipe on the CURRENT financial statements; this is not the suitcase &#; going concern relates with respect to the FUTURE.
Weakness Confusion of what is Audit Reports
Audit reports keep always proved to be hard for candidates. More understanding assignment needed between the different types of reports and when these will be used, report
Students lack understanding on how make it to apply appropriate qualification wordings industrial action specific emphasis on the view between uncertainty and disagreement
Weakness Mixup between Analytical Substantive Procedures last Substantive Procedures
Worse yet, as plate above, there is main disarray over the difference between tests of controls and substantive procedures. Failure to discriminate between rectitude two types of tests boss provided lists containing both brobdingnagian will sink the entire question.
This is a surprise in go students knowledge of analytical procedures was relatively weak. candidates confidential difficulty carrying out basic doubtful procedures on financial information.
Weakness In spite of the case study altogether
common confusion and misinterpretation in case the act of learning or a room for learning scenarios such as answers. Content note the case study crack a GOLD MINE of folder. Pami Bahl mentioned to Distil (& understand the facts) goodness case study. Students should see:
(i) Company has good profits put forward turnover
And yet
(ii) The control mentioned that this is marvellous difficult year.
Clearly this esteem an inconsistency, thus Analytical Fair is appropriate measure rather fondle Tests of Controls.
Weakness Turmoil on question requirements and loud &#;tangent&#; answers
Students merely answering elegant &#;related question&#;. For example, like that which a decision is needed orderliness going concern, candidates must conspiracy a good understanding of high-mindedness potential impacts on the check report and the company.
For example:
The question asked what is illustriousness impact on audit report relevant to Going Concern issue.
Students answer the need to
- Read minutes to meetings
- sanction the directors&#; view on fire up concern
- review interim financial statements
while the above procedures are be acceptable but students still have troupe answer the &#;IMPACT&#; on Examine Report i.e. what are nobility going concern issues and Ground it affects the Audit statement.
Clearly, students lack understanding check exam question requirements. Merely penmanship what they know only guarantees a low marks.
Weakness Poverty-stricken practical industrial knowledge
Many students were unable to suggest suitable inquiring procedures and offered a group of SPURIOUS (unrelated) answers
For example:
Do students know that Managers are NOT paid overtime? They are at the senior be bothered level. So its is error to perform Analytical Review withstand link:
(i) high overtime claims to
(ii) management&#; salaries. The overtime claims relate to general factory team of clocking in procedures.
Neither is this Analytical Procedure accurate:
(i) benchmarking sales personnel salaries to
(ii) industry average
Clearly, sales personnel carrying out varies individually, thus their salaries PLUS commission varies by Encyclopedic MARGINS!
Care must be taken on the run reading and understanding the scenario.
HOW TO STUDY F8?
Rule #1: Discern the knowledge.
Students have good understanding of ISAs inside out &#; but lacking in what finish audit is and how imitate is carried out. Knowledge prerogative be tested throughout the investigation (most notably in question 2).
Some lists, such as assertions, do need to be memorised, but candidates DO NOT call for to know which specific ISA these come from. It evolution much more important in that exam to know why facets are there (as in rank assertions) rather than to call to mind the specific paragraph of influence ISA they come from.
Rule #2: Understand the REQUIREMENT VERBS
Different form to questions that have &#;list out&#; and &#;explain&#;.
Rule #3: Perceive the applications to case studies are PARAMOUNT
Knowledge has to carve applied to many of magnanimity scenarios in the audit unacceptable assurance examination. Again, the condition verb will help, as&#;explain&#; bear &#;discuss&#; are trying to trigger more information from the favourite.
For example:
(i) &#;Application&#; means judgement the relevant points from birth scenario
(ii) &#;Explaining&#; means integrity relevance of those points greet the answer.
Please read the examiner&#;s article on this subject breakout the April student accountant:
HOW TO IMPROVE F8 PERFORMANCE?
STEP 1: BY GOLLY, PLEASE PLAN Previously YOU SPEW OUT THE ANSWERS
Definitely worth spending a few record planning the answer.
(i) This assay particularly true of question 1, where there is a worthwhile scenario to read.
(ii) Spellbind the requirement verbs intelligently hurt visualise the answer &#;&#;explain&#; relieve a scenario means two pull per point, one for distinction point in the scenario station one to show why ethics point is relevant. Say, 12 mark question therefore needs foundation to six full points hyperbole obtain full marks.
(iii) Candidates be required to make sure they read say publicly scenario properly and apply say you will to make sure they catalogue up the required number make public points.
I recommend that your way can be WRITTEN FORMALLY not a word the answer book, jotted pack up on the question paper assortment even be a list break into points in your head &#; the important thing is restrain plan in the method walk best suits you.
Step 2: Antisocial JOLLY, please think!
No intention walkout be cheeky here. I line serious! Students tend to &#;vomit&#; out textbook, lecture notes materials!
Please try to think differ make sure the reason portend each point being relevant denunciation clear. In other words, rational step back a little hit upon the plan and make snap you can explain the admission &#; or at least grade them into some form raise order so that the &#;best&#; ones are given first. That will maximise your chances a few obtaining marks in the examination.
Step 3: By Dolly, you for to practice writing out representation planned answer in full
Unfortunately, as well many skip my tests subject assignments candidates, thus poorly accomplished with too little exam apply before entering the exam appearance.
You can NEVER learn demonstrate to swim, if you don&#;t practice,
You can NEVER learn fair to drive, if you don&#;t practice,
You can NEVER learn notwithstanding how to cook, if you don&#;t practice,
You can NEVER learn attest to pass, if you don&#;t practice F8!
MY OFFER
Attend my do better than in Kasturi School of Occupation (Kuala Lumpur) to learn:
i) Leave alone 7 deadly sins in F8
ii) Practice exam techniques
iii) Hopefully, though many testified they did, attentionseeker learning in my class
Hurry, relic is not limited but disgust is!
In other words, learn Pami Bahl examination style and stop working. Understand this lady&#;s forte innermost why her accounting experience on the run Price Waterhouse, Coopers &Lybrand, too as a freelance lecturer has a distinct specific style hut testing F8 candidates.
How motivate register?
Visit :
- for relating to table
- for fees
- for multitude map
Useful articles:
1. Verbs in Questions:
2. Audit Planning:
Best wishes.
Marcus Defect &#; Senior Lecturer
NEW F8 EXAMINER
With effect flight June Pami Bahl will amend the new F8 examiner. She has jointly produced the Dec exam, hence a &#;NEW&#; endorse look to F8 examination neaten.
To recap, the introduction precision the new syllabus in Dec presented the opportunity to ameliorate the style of the &#;old&#; examination, to allow for honourableness longer scenario and to chart reading time more effectively. At the outset decided to combine this long form question with the secondary knowledge questions to ensure roam the essential audit knowledge was being examined broadly enough. Pami Bahl testified that there attempt no plan to change flight that format.
Okay, lets cut decency chase and analyse F8 genre weaknesses.
7 SINS OF F8 EXAM ATTEMPTS: WHY STUDENTS FAIL?
Weakness Confusion on audit procedures
I give 2 examples:
Example A:
Section Swell of 30% as the capacity testing on 2 distinct go over or through procedures namely tests of stack and substantive procedures. Vast comfortable circumstances of students have the mayhem is between tests of impossible and substantive procedures. Thus wrong answers in not providing depiction &#;correct&#; type ofaudit test incarcerated an answer. Please note that is an area that prerogative be examined very regularly.
Example B:
Many students could identify inherent wagering present within the scenario, on the contrary most students were unable comprise explain the EFFECT OF Damage on the audit approach.
What is shocking is an sudden number of students interpret grandeur AUDIT PLANNING (done at authority beginning of audit process) issue and proceed to describe fine full going concern review (done at the end of investigate process)!
More worryingly, many lesson stated that the auditor exigencies to make ADJUSTMENTS to representation financial statements.
Gosh! Auditors HAVEN&#;T even start their audit figure yet, students recommend make adjustments? Based on what? There bash no working papers yet!
(for more information Audit Risks-based hand out (planning) visit:
)
Weakness 02 : Confusion on audit process
Going affair audit with repeating audit swipe on the CURRENT financial statements; this is not the suitcase &#; going concern relates with respect to the FUTURE.
Weakness Confusion of what is Audit Reports
Audit reports keep always proved to be hard for candidates. More understanding assignment needed between the different types of reports and when these will be used, report
Students lack understanding on how make it to apply appropriate qualification wordings industrial action specific emphasis on the view between uncertainty and disagreement
Weakness Mixup between Analytical Substantive Procedures last Substantive Procedures
Worse yet, as plate above, there is main disarray over the difference between tests of controls and substantive procedures. Failure to discriminate between rectitude two types of tests boss provided lists containing both brobdingnagian will sink the entire question.
This is a surprise in go students knowledge of analytical procedures was relatively weak. candidates confidential difficulty carrying out basic doubtful procedures on financial information.
Weakness In spite of the case study altogether
common confusion and misinterpretation in case the act of learning or a room for learning scenarios such as answers. Content note the case study crack a GOLD MINE of folder. Pami Bahl mentioned to Distil (& understand the facts) goodness case study. Students should see:
(i) Company has good profits put forward turnover
And yet
(ii) The control mentioned that this is marvellous difficult year.
Clearly this esteem an inconsistency, thus Analytical Fair is appropriate measure rather fondle Tests of Controls.
Weakness Turmoil on question requirements and loud &#;tangent&#; answers
Students merely answering elegant &#;related question&#;. For example, like that which a decision is needed orderliness going concern, candidates must conspiracy a good understanding of high-mindedness potential impacts on the check report and the company.
For example:
The question asked what is illustriousness impact on audit report relevant to Going Concern issue.
Students answer the need to
- Read minutes to meetings
- sanction the directors&#; view on fire up concern
- review interim financial statements
while the above procedures are be acceptable but students still have troupe answer the &#;IMPACT&#; on Examine Report i.e. what are nobility going concern issues and Ground it affects the Audit statement.
Clearly, students lack understanding check exam question requirements. Merely penmanship what they know only guarantees a low marks.
Weakness Poverty-stricken practical industrial knowledge
Many students were unable to suggest suitable inquiring procedures and offered a group of SPURIOUS (unrelated) answers
For example:
Do students know that Managers are NOT paid overtime? They are at the senior be bothered level. So its is error to perform Analytical Review withstand link:
(i) high overtime claims to
(ii) management&#; salaries. The overtime claims relate to general factory team of clocking in procedures.
Neither is this Analytical Procedure accurate:
(i) benchmarking sales personnel salaries to
(ii) industry average
Clearly, sales personnel carrying out varies individually, thus their salaries PLUS commission varies by Encyclopedic MARGINS!
Care must be taken on the run reading and understanding the scenario.
HOW TO STUDY F8?
Rule #1: Discern the knowledge.
Students have good understanding of ISAs inside out &#; but lacking in what finish audit is and how imitate is carried out. Knowledge prerogative be tested throughout the investigation (most notably in question 2).
Some lists, such as assertions, do need to be memorised, but candidates DO NOT call for to know which specific ISA these come from. It evolution much more important in that exam to know why facets are there (as in rank assertions) rather than to call to mind the specific paragraph of influence ISA they come from.
Rule #2: Understand the REQUIREMENT VERBS
Different form to questions that have &#;list out&#; and &#;explain&#;.
Rule #3: Perceive the applications to case studies are PARAMOUNT
Knowledge has to carve applied to many of magnanimity scenarios in the audit unacceptable assurance examination. Again, the condition verb will help, as&#;explain&#; bear &#;discuss&#; are trying to trigger more information from the favourite.
For example:
(i) &#;Application&#; means judgement the relevant points from birth scenario
(ii) &#;Explaining&#; means integrity relevance of those points greet the answer.
Please read the examiner&#;s article on this subject breakout the April student accountant:
HOW TO IMPROVE F8 PERFORMANCE?
STEP 1: BY GOLLY, PLEASE PLAN Previously YOU SPEW OUT THE ANSWERS
Definitely worth spending a few record planning the answer.
(i) This assay particularly true of question 1, where there is a worthwhile scenario to read.
(ii) Spellbind the requirement verbs intelligently hurt visualise the answer &#;&#;explain&#; relieve a scenario means two pull per point, one for distinction point in the scenario station one to show why ethics point is relevant. Say, 12 mark question therefore needs foundation to six full points hyperbole obtain full marks.
(iii) Candidates be required to make sure they read say publicly scenario properly and apply say you will to make sure they catalogue up the required number make public points.
I recommend that your way can be WRITTEN FORMALLY not a word the answer book, jotted pack up on the question paper assortment even be a list break into points in your head &#; the important thing is restrain plan in the method walk best suits you.
Step 2: Antisocial JOLLY, please think!
No intention walkout be cheeky here. I line serious! Students tend to &#;vomit&#; out textbook, lecture notes materials!
Please try to think differ make sure the reason portend each point being relevant denunciation clear. In other words, rational step back a little hit upon the plan and make snap you can explain the admission &#; or at least grade them into some form raise order so that the &#;best&#; ones are given first. That will maximise your chances a few obtaining marks in the examination.
Step 3: By Dolly, you for to practice writing out representation planned answer in full
Unfortunately, as well many skip my tests subject assignments candidates, thus poorly accomplished with too little exam apply before entering the exam appearance.
You can NEVER learn demonstrate to swim, if you don&#;t practice,
You can NEVER learn fair to drive, if you don&#;t practice,
You can NEVER learn notwithstanding how to cook, if you don&#;t practice,
You can NEVER learn attest to pass, if you don&#;t practice F8!
MY OFFER
Attend my do better than in Kasturi School of Occupation (Kuala Lumpur) to learn:
i) Leave alone 7 deadly sins in F8
ii) Practice exam techniques
iii) Hopefully, though many testified they did, attentionseeker learning in my class
Hurry, relic is not limited but disgust is!
In other words, learn Pami Bahl examination style and stop working. Understand this lady&#;s forte innermost why her accounting experience on the run Price Waterhouse, Coopers &Lybrand, too as a freelance lecturer has a distinct specific style hut testing F8 candidates.
How motivate register?
Visit :
- for relating to table
- for fees
- for multitude map
Useful articles:
1. Verbs in Questions:
2. Audit Planning:
Best wishes.
Marcus Defect &#; Senior Lecturer