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REVIEW OF PAST EXAMS. NUMBER OF CANDIDATES SITTING. SYLLABUS EXAMINATION. TOPICS EXAMINED. TRENDS. New legislation features frequently – noting cut-off date Compulsory questions include any aspect of the syllabus Optional questions are focussed within the question. WHAT WAS DONE WELL?.
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TRENDS New legislation features frequently – noting cut-off date Compulsory questions include any aspect of the syllabus Optional questions are focussed within the question
GOOD POINTS Full attempts at all questions Short calculations in support of discussion Appropriate formats applied Clear labelling of question (or part thereof) attempted
APPROACH Answering four questions Time spent Order of attack
STRUCTURE Section A questions: Use of appropriate document Following detailed instructions
Knowledge Audience Planning
KNOWLEDGE Gaps in knowledge Demonstrating knowledge Broad (in most cases) vague statements Insufficient appropriate detail
AUDIENCE AND PLANNING Answers supplied are not geared to audience Repetitive answers Irrelevant statements Insufficient appropriate detail
PLANNING Production of rote answers Unnecessary calculations Generalisations Failure to solve problems Confuse concepts from different Acts
TAILORING Poor relationship of marks earned to work done Production of disproportionately long answers
READ THINK WRITE
Knowledge Requirement Time
KNOWLEDGE Crisp and precise Paper F6 as well as Paper P6 Implications of Amendment Acts to the various taxation Acts
REQUIREMENT Need to address all of it Think about how to solve the problem Verbs Stay focussed on it
TIME Micro management Maintain pressure Earn marks for everything Finish four questions
KNOWLEDGE Question practice alone is not enough Place the rules in context Debriefing questions
REQUIREMENT Analysis of requirements Analysis of question approach
TIME Analysis of requirement Techniques Review answers
PERFORMANCE EVALUATION How well did they perform? Where do they need to improve?
AMENDMENTS AND PRACTICE Relate to both F6 and P6 Since previous tax paper
IMPLICATIONS Different problems
Change is the one characteristic common to all periods of time, and those who best adapt to change are the most successful. Aidan Edwards, businessman
BUT REALLY? Standards remain at the professional level Different problems based on new legislation will arise Same technical material – different problems
The hardest thing in the world to understand is the income tax. Albert Einstein