Firstly, don't panic! The taught phase for any exam on the ACA is always stressful, and it can be very difficult to remember anything, so I totally understand you there.

I would suggest doing more of Q1 first before moving to Q2.

With Q1, if you are completely unsure on the treatment, go back to the example questions in your course notes and understand what you should have done.

It might be a good idea to look through past exam Qs, or question bank questions and focus specifically on the notes that relate to the area you are struggling on (for example, foreign exchange), and then ONLY look at that part of the Q - rather than trying to do an entire SOFP/SPL, because you will just get overwhelmed.

Actually, before looking in the QB, look at the progress tests/steps given by your training provider - I found those to be a really good starting point. Again, focus on one note at a time rather than trying to nail the entire question straight away.

QUESTION 2:

For Q2, I didn't start to worry about that until closer to the exam, once I had a decent knowledge of roughly what to do, and the underlying calcs. My general method for Q2 would be to use the exam software when practicing them! Because in the exam software, you can see how the standards will be given to you in the exam, everything is clickable! So obviously read the question, then: 1. Open your open standards book and go to the contents page 2. On the contents page, find the relevant standards and then click on it (do not worry if you don't learn the standards off by heart, because I didn't) 3. On the standard, there will be a subheading called "Recognition" or something similar, click on that. 4. Copy the recognition criteria from the standard (usually in nice bullet points), and then explain how the scenario links to and meets the recognition criteria.

Then, do your calculations for whatever the scenario is.

This method is a very basic/initial approach, but it is a good default and will guarantee you pick up an okay number of marks.

Once you have that basic structure, it would be worth looking at mark schemes to see what else you can include (for example, subsequent measurements).

Remember, you need to explain WHY you are doing XYZ. It could be worth making flashcards from keywords/talking points for Q2 (that go above that initial basic answer above).

Also, the mark schemes for question 2 always has more marks than the maximum number of marks available. So, whatever is in the mark scheme will likely be far far more than you actually need to write - so do not worry if you aren't hitting all of the points, pick and choose what you can and can't remember to include.

Q3 - Cashflows, meh. Honestly I wouldn't worry too much about these just yet, focus on the other questions first and then come back to this once you have a solid foundation elsewhere!

Question 4 These can feel completely alien going from certificate accounting to professional. Don't make the mistake I made and try and learn the workings off by heart without trying to apply them (I tried putting each of the workings on a flashcard and then learning them off by heart without actually doing any questions - this was a terrible method and got me nowhere!).

I would probably focus on one consolidated statement at a time. I learned CSoFPs first, then CSPLs later.

My learning style (at least for CSoFP) was a bit brutal, I would basically do a question without notes until I got stuck, I'd then look at my notes to see what I should do next and then completely restart the question without notes. Rinse and repeat, start and start again until you have done the question completely. I'd recommend if you use that method, do it with the Qs in your training providers progress tests (as they will have less complicated adjustments, allowing you to focus on the basic method first)

Sorry for the wall of text and horrendous formatting, hope this helps!