Section 2 200 Marks

• Answer 2 Questions
• Q5 100 marks
• Q6 100 marks
• Q7 100 marks

Section 3 80 Marks

• Answer 1 Question
• Q8 80 marks
• Q9 80 marks

TIMING

The exam lasts for 3 hours i.e. 180 minutes. 

10 minutes reading time
that is 170 minutes to answer
4/5 questions depending on your choice in Section 1.

Question one – 120 marks – 52 minutes approx.

All 60 mark questions – 26 minutes approx.

All 80 mark questions – 34 minutes approx.

General advice

1. Timing is crucial.  Students must create and enforce a strict timing structure (example above) and stick to it.   Do not put yourself under additional stress at the end of the exam trying to get it completed.
2. Practice is essential.  Continual practice of previous examination papers is vital.
3. Don’f forget the theory.  Often this part can be forgotten and in doing so you are throwing away marks.
4. For exam purposes do not worry about saving the trees.  Do not squish all your answers onto the one page. Spread it out.  Have of rough work pages for calculations. Keep these close to each question so that the examiner can apportion marks for any work completed in a satisfactory manner. Students run the risk of scoring zero marks if they omit their workings. Remember that workings can be laid out in note form or account form.
5. Do not attempt question one unless you have a thorough working knowledge of all of the adjustments. These adjustments include: – Damaged Stock; Patents written off; Bank Reconciliation Statements; Disposal of Fixed Assets and Depreciation; Revaluation of Fixed Assets; Debenture Interest due; Investment Income due; Bad Debts provision; Goods in transit; Suspense; VAT; Capital Expenditure; Sale or Return; Dividends etc.
6. Remember that any Financial Accounting topic can appear in Section 1 (a short 60 mark question) or in Section 2 (a longer 100 mark question). Topics, such as, Tabular Statements, Correction of Errors, Published Accounts, Cash Flow Statements, Club Accounts, Service Firms, would be regarded as normal Section 2 questions but have often been shortened and asked as Section 1 questions. There is even the possibility that a Farm Account which is normally a Section 1 question could be extended and be examined in Section 2.
7. Get onto past paper practice as soon as you can. Repeat questions in your study, you will be able to draw on this from memory in an exam.
8. If struggling come and talk to Carrie at Accountancy and Beyond to discuss a grind plan.