How To Prepare O Level Accounting (7707) and IGCSE Accounting (0452) Subject From Scratch To Get The Best Grade In CAIE Exams | Tips By Sir Hunain Zia

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Studying routines can be quite stressful, especially when one is trying to get a good score on the exam. However, what can increase this stress is the excessive level of myths that exist about exam preparation. The main purpose to make this post series is to bust those myths about preparation of subjects for CAIE O Level / A Level and IGCSE. The post will be accompanied by 2 other posts: Examination Solving and Attempting Tips, and Schedules for each subject

How To Prepare: General

  • Accounting (7707) of O Level requires you to attempt 2 exams: The MCQ paper and The Theory (Solutions) paper.
  • The following method is what I prefer for the preparation in most cases.

The Prerequisites

  • The first you need to do is to distance yourself from the course book. Sorry, but its full of extra details that you do not need for this paper.
  • Use the excellent notes provided by Sir Hunain Zia (OR ANY OTHER TEACHER) for your preparation.

The Method

  1. First, read the notes of any chapter. Make sure, you attempt a few examples while reading the notes. NEVER start from the top
    1. A few students have this habit of trying to do income statement or balance sheet directly. The issue is that these chapters actually have A LOT of techniques from the smaller chapters used in them. If you start from these chapters, you are likely to waste a lot of time on them.
    2. Instead, first do the smaller chapters that also come as adjustments in these major chapters. That way, you would save time and you will only need the structure of these statements at the end.
  2. When ever you read the notes and attempt examples, make sure you do the topical past paper questions of PAPER 1 – MCQS for the same chapter.
    1. Accounting is a game of concepts. Many students lose marks for simple things, like difference between Cost of Production and Cost of Goods Produced – or Difference between liquid ratio and current ratio etc.
    2. When you attempt topical paper 1 questions, you are tested on those key concepts.
    3. Always do 10 years past papers at least. YOU CAN do papers from 2002 onward for Paper 1 as most of the syllabus has been the same.
      1. Do both variants and both series. May/ June and October / November – and 12 and 11 both variants.
    4. Do not go forward from any chapter yet.
  3. Now, do the topical past papers for Paper 2 of the same chapter.Why?
    1. Doing paper 2 topical questions will help you retain the knowledge your learned from Paper 1 Past paper questions.
    2. Do at least 10 questions of the topic.
      1. Try doing the most recent ones.
  4. Then, move on to the next topic and do the same for it.
  5. MAKE SURE you enlist all the mistakes you made in each chapter – both in paper 1 and paper 2
    1. This way, you can revise quickly at the end and avoid the same mistakes.
  6. Once you are done with all the topics in this way: with paper 1 and paper 2 topical questions, start yearly past papers!
    1. Even if you do 5-7 complete yearly papers, you will have your speed in place
    2. Doing all topical papers will ensure that you are prepared to the topics well.

The Pitfalls

  • During your preparation, do not completely cut off from any topic. The issue occurs when students completely leave a topic and then forget most of its information.
  • The second pitfall are common mistakes
    • Forgetting to do Balance B/D
    • Forgetting to close the account
    • Forgetting the title of account
    • Forgetting date
    • etc.
  • Make sure you make a list of these pitfalls.

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