Thank and Praise God

ACCA exams results are due on the 18 of August 2008, and i've been nervous all morning anticipating the results:

F8 SGP Audit and Assurance: 69
F9 Financial Management: 55
P3 Business Analysis: 55

Thank God for granting me favourable results. Though not very high, but at least it allows me to proceed on to my last 4 papers in the December exams.

My Thoughts on the results:

F8 SGP Audit and Assurance -

As i've had nearly 2 years of experince working in the audit industry, it may seem easy and straight forward at first. But do not be fooled by it, A&A in theory is much more than meets the eye. Its not absoultely easy, but having hands on experince, it makes wats being taught easier to apprehend.

The paper in June has always been touted as being tougher than December exams as the examiners are fresh for a challenge for the new year, while in December they are preparing for Christmas and didn't have time to crack their brain for a tougher paper. How true? Very true though, as this F8 paper is as tough as it was expected to be, i must say im quite fortunate to get 69 marks as it is only upon exiting the examination hall that i realise i left out certain key points and made some silly errors.

Im quite relief that i cleared this paper though.

F9 Financial Management -

This paper is a killer for a start, if you thought this paper is all about NPV, WACC, CAPAM and calculations calculations and more calculations, think again. Its approximately 55% theory and 45% calculations. The problem is, there is a formular sheet given. As with all exams, if there is formular sheet, it will be a tough calculation part required from you.

i was stunned during the examination as i literally left question 2 (25 marks) out with only a few calculations here and there to score measly marks (question 2 was about Merger & Acquisition and market capitalisation which i wasn't taught!). I was not really prepared for those theory questions as i went all out for calculations and formulars, and those theory questions really left me breaking out in cold sweat. On the calculations part, i had to be very meticulous and very focus for any chance to pass. Thank God i did not forget those important areas.

55 marks was just like yesterday's match between Manchester Utd vs Newcaslte Utd, hard fought and well deserved as i really studied very hard for this paper, though i was a little dissapointed not to gain something like a 70+ for this paper as i initially aimed for. The moment i opened the paper i knew it wasn't going to be an easy 3 hrs paper.

P3 Business Analysis -

This paper is really syllabus intensive with loads of things you got to learn. Apart from thanking God, i must really thank my friend Christine (her revision notes), her lecturer Andy Tan(for giving her the lecture notes) and not forgetting Mr. Dominic (my actual P3 Lecturer who taught me the e-marketing 6 I) for all their contribution. Studying for this exam was really a painful experince that is not easy to forget, so many tools to use and memorise and so many topics to revise.

The paper question 1 was easy (as in straight forward), but the 2 out of 3 questions were not! It is really divine interventaion and help that i got a 55 marks for this exam. i wasn't really expecting anything from this paper. During the exam, i just wrote whatever i thought of an kept writting on. Guessed that helps.



Overall, i went into the exam full of confidence especially for F9, but did not get the results that i desired. Now its the final run in with 4 papers in December 2008, this shall be the boaster to set me up for the final run in(sounds like olmypics hor).

Pray for me!