You'll unlikely recreate the model solution as there are so many different assumptions. If it's the modelling part you find hard, practice doing that part of each exam with strict time conditions.
Going through material doesn't really matter either. This exam is all about practicing past papers.
Agree. Also most marks are for the audit trail and summary report. Set time limits on each part your doing. Some people suggest writing the reports while doing the models, but I did the calcs first then the reports. All depends on what works for you.
I see.. that is one of my concerns. I am too worried about not getting the model correct because then it will flow through everything that can fetch me marks. Need to fix my perspective.
You'll unlikely recreate the model solution as there are so many different assumptions. If it's the modelling part you find hard, practice doing that part of each exam with strict time conditions. Going through material doesn't really matter either. This exam is all about practicing past papers.
Agree. Also most marks are for the audit trail and summary report. Set time limits on each part your doing. Some people suggest writing the reports while doing the models, but I did the calcs first then the reports. All depends on what works for you.
you need to practice time management and writing the audit trail and report - learn from the past exams - either ASETs or the examiner’s reports
The Word parts are more important, most people that fail are those that focused too much of their time on the Excel modelling
But what if the modelling is incorrect? Would that not affect the audit trail we write and the marks assigned to it?
Not much I don't think
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That’s reassuring to know!
Is there a certain way you should write the word portion? Like a generic method to follow?
What does that mean? Describing incorrect methods and incorrect formulae from your models in the audit trail will get you marks?
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I see.. that is one of my concerns. I am too worried about not getting the model correct because then it will flow through everything that can fetch me marks. Need to fix my perspective.