this one goes out specifically to any IFA bods out there.
On the IFA website they have old exam questions but I haven't been able to find the stock answers to the questions without which the past papers are not a lot of use.
For ACCA you get questions and answers and also several different publishers vying to give to alternate answers. So far for IFA I have found nothing appart from questions.
Any pointers as to where the answers to their past exam papers are hidden would be gratfully received,
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I don't have to either (when I pass ACCA paper P2 I move up to AFA with the IFA) but I like to do exams of various bodies anyway (the way "normal" people do suduku's!) to ensure that I could if I had to.
I actually sat the ACCA one's that I had exemptions from and glad I did as the other people who came from the same OU course (the certificate in Accounting) as myself all dropped out of the ACCA as starting at the higher levels that their qualifications gave them exemptions up to meant that they missed ACCA level studeies at the lower levels which were the real foundations that they needed to build upon rather than inappropriately negotiated Open University exemptions.
The issue that I have with the IFA past exam papers is that the stock answers don't seem to be available in order to check one's answers.
The paper where I think that would be particularly important is P5 where one is simulating answering a clients questions related to things like legal form, contract law, etc.
ACCA paper F4 prepares one for this but ACCA papers are aimed at a higher level, often PLC's, which is generally not our client base and the simpler IFA scenarios would be useful if one could confirm one's responses against stock answers... Which it doesn't seem that you can as I still cannot find them online so how would one know if you had missed anything in your answer?
Guess I'm restricted to old ACCA papers which pretty much means that there is no point adding the IFA study texts to my collection.
At some stage I will be popping along to some of the IFA meetings and hope that I get a chance to put this forward to someone who might be able to do something about it at one of those.
Which I suppose raises a whole different question? Do the IFA actually listen to their members? I've been a student with the ACCA for a long time so the idea of a professional body listening to people seems quite an alien concept.
kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I might buy one of the study texts to take a look.
The professional skills for the SME one seems to be the only one where there is no obvious equivalent in my existing library so that looks first one in the buy list.
Are they really only 250 pages each?
Seems very short for the subject matter... Then again, think that I've been pampered by Kaplan texts that have examples for absolutely everything.
What did you think of the books? are they worth the money?
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I've just sent you a message. Yes you will find the answers with the study text, but I have found they are all only in pdf format and you are restricted in what you can print.
I bought all 5 study texts in a package, they vary quite a bit in thickness. They are quite concise, with quite small writing. There are minimal end-of-chapter practise questions.
For all the modules apart from IFRS for SMEs, there is also a list of further recommended reading and I think you might struggle to get a good mark if you hadn't read more widely.
