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Audit and Assurance Exam Tips

In September 2017 ACCA introduced Computer-based Exams for skill-level papers.
According to The New Pattern ACCA F8 AA Exam Formate as follows.
Section A: 3 case studies, each case study have 5 questions with 2 marks each.
Section B: 3 long questions, Each question has 30 marks and two questions of 20 marks each.

ACCA Testing Some topics frequently in past exams

How to pass the ACCA AA exam you must be familiar with IAS and IFRS deeply,
However near 40% of AA exam depends on IAS and IFRS,
you need to support your statements with evidence to complete sentences.
in AA many area’s Examiner tests straightforwardly,
so straightforward knowledge must be rote-learning to gain easy marks.
Practice: Practice plays a key role in passing ACCA exams, so practice as much as you can it’s very important

Some important terms you need to be comfortable with

Classes of transactions for the period under review: (Means area in the statement of Profit and loss)
Account balance at the period end (Means area in Statement of Financial Position)
F/s Disclosure (Notes to the Accounts)
Public company vs Public sector Org
- Pubic Company means a listed company
- And Public sector Org means Government controlled Org which is not for profit Org

Understanding of concepts of Audit and Finance reporting (FR, like IASs & IFRS) is essential to passing Audit assurance
Do practice the questions again that you did in the classes regularly at least once a week, Keep revising your concepts, If you keep revising your concepts you will forget your concepts.
Do practice other questions from Exam kits and Past papers as well
Make your habit to read the requirement first so that you will know your direction then read the scenario, Contact your knowledge of the scenario.
Remember, If you write the knowledge only and do not connect to the scenario, you will gain only 0.5 marks which won’t help you to pass.