AGAINST THE CLOCK

摘要

The Financial Reporting (FR) paper is often considered the most difficult of all professional stage papers and historically has the lowest pass rate. The reason for this is not the content or volume of the syllabus; it is no more technically challenging than any other paper. However, the way in which the syllabus is examined can lead to students struggling with this paper. APPROACH The most crucial element of the approach to any FR question is management of your time. Always identify how many marks the question is worth and calculate exactly how much time you should spend on the question {1.5 minutes per mark). Before you read the detail of the question, you should always read the requirement very carefully to try and identify exactly what the examiner is asking for. Look for key words such as discuss, explain, calculate and extract as your answer should be based on what the requirement is asking for.