FSLC Exam!! Help

I have been studying the material for some weeks. I am near the end of the study books with just ratios to go. However I feel completely incompetent the hardest unit I have had so far with Level 4.
Any revision tips and study plan suggestions 3 weeks until the exam.
I plan to put 3-4 hours in every evening but for the past two nights I have been completely overwhelmed and feel like I know nothing.

Comments

  • dumutrobadumutroba AAT Student, AATQB Posts: 198
    edited November 2018
    Hi,
    It will take time for everything to sink in
    I focused first on the calculation part of the exam and then practice the writing part as much as possible
    I also thought that the unit is very hard and had doubts. Although I expected a pass at the exam I didn't expect 100%, but I guess that's what 2 months of studying gives you.
    Here are some points I followed on the written questions:
    For IAS
    Know the basic points in each standard
    Read the questions carefully
    Be specific, include calculations where you can
    For example include the name of the business where you can, if they manufacture soap, called soap, not items, etc
    For ratios
    Learn by heart at least 2 of the criteria
    The mention of whether the ratio is better or worse gives you 1 mark, so always start with that
    Don't waste time writing more than necessary, you can achieve only 5 marks per ratio, the one I mentioned above and 2 for each correct explanation given. Writing more on one ratio won't compensate for lack in other
    Be able to explain the working capital cycle
    Don't explain the formula
    AAT Level 2. 2018
    AAT Level 3. 2018
    AAT Level 4.
    Xero Certified Advisor
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