Top tips from the CIMA Case Study markers!

Top tips from the CIMA Case Study markers!

At the recent CIMA conference there were a number of presentations by CIMA markers and case study writers. 

They gave invaluable insights into what they are looking for in the exams – and in particular they highlighted the areas where many students fall short.

This is excellent feedback for students as it 'comes straight from the horses mouth'! They have produced and marked many exams so know exactly what they are talking about!

There feedback reinforces the fact that many students are still getting the basics wrong and how with good preparation and planning many more students could be achieving passes.

Here are their top 10 tips to help you succeed:

1. Plan your answers – don’t launch straight into your answer, think about the key points you want to raise and how your going to structure it before you begin writing.

CIMA News - what you need to know! Introduction to scaled scoring for the OTs + personal calculators permitted

Hi Everyone,

A couple of interesting points were raised at the CIMA conference that we thought we would share with you.

Firstly, CIMA announced the introduction of the 'scaled score' for the Objective Test exams.

From November 1st 2015, Objective Test results will include:

1. Grade (pass or fail)
2. Sectional Performance Feedback
3. Scaled Score

Why scaled scores?

Management Results Overview 2015

A number of interesting facts and statistics were presented at the 2015 CIMA conference last week.

The conference was attended by key people from CIMA and tuition providers including members of the Astranti team.

We would like to share with you some of the key points raised at the conference.
In this blog I am going to summarise the conference content that focused on the Management level. This included a review on the E2, P2, F2 and Management Case Study exams. It also covered what went well for students on the previous sittings and key areas that need to be improved for the future.

Mock Exams – Key points from our August student survey

A lot of you will be starting off your revision for the latest set of exams, but perhaps you may be a bit unsure of how to progress and get the most out of your time leading up to the big day. To give you some inspiration, I have assembled a few results from our recent Mock Exam student survey that may be of some interest to you if you are stuck for ideas.

In a recent student survey from August, we asked our students what they felt were the most important factors in helping them pass their exams. One of the common themes among our survey results was the inclusion of mock exams.

Eat, Drink, (Study), Sleep, Repeat!

We all have our own little ways when it comes to exam preparation, and for some of us these techniques have proven to be successful over and over again. Whether that involves religiously scrolling through mountains and mountains of revision notes right up until the exam itself, or whether it’s making sure that we have our lucky exam socks on that haven’t been washed since the miracle success in the chemistry exam of ’98!

However, for the vast amount of us, we still haven’t quite worked out a routine which works best for us individually when it comes to exam preparation. We may have all of the knowledge around the theory that we need, but by the time the exam comes around the corner, and the questions are in front of us, our minds just go blank…

For this reason, I’ve compiled a short set of tips for people who may be unsure of how to physically prepare during the last few days leading up to the exam.

Number 1: Brain Food.

Throughput Accounting

There are many challenging P2 topics that you will need to understand in order to successfully pass your P2  exam. For example, Throughput Accounting is a subject which many students find difficult to grasp at first!

At Astranti we aim to make difficult subjects easy to understand. All of our materials are designed to ensure that our students are given in-depth knowledge of all the key subjects, but in a format that allows you to learn easily and effectively.

As an example we'd like to share with you a new and updated section of our P2 Study Text which explains Throughput Accounting in a straight forward and clear way. 

Throughput Accounting 

Introducing Throughput Accounting

CIMA official pass rates - P2 has the lowest pass rates at Management level

Hi everyone,

As you are probably aware, yesterday CIMA published the pass rates for the Objective Test exams. These statistics are based on students who have attempted the exams between January and May 2015. 

The secret to passing the CIMA OT exams revealed

Hi Everyone,
Thanks to those of you that completed our survey to find out - What does it take to pass an Objective Test exam?
So far we've had a great response with over 60 students taking part!
We've received responses from students who've passed and failed exams across all CIMA subjects, This means we have good range on which to base our findings.
These findings should definitely help you in your upcoming exams and will surely be beneficial to future students.
Here is an overview of the key points:
The secret to passing is...
Putting in the hours!
We were able to break down the exam pass rate by hours of study and the results were clear.

Hours of study	Number of Passes	Number of Fails
40-60	22	10
Less than 40	40	41

• Students that studied for between 40-60 hours had a pass rate* of 69%
• Students that studied for less than 40 hours had a pass rate of 49%

If you want to increase your chances of success, you should aim to study for 4-6 weeks and put in 10+ hours each week.
*Pass rate= number of passes/total number of attempts
The toughest exam is...

• Based on the survey, students are failing P3 and F3 on more than one occasion before they pass.
• So far P3 had the highest failure rate in our survey proving to be the toughest exam.
• Now that CIMA have changed the pass mark, I would hope that the pass rate in these exams falls into line with the others!

What materials should I be using?

• Study Texts, Mock Exams and Revision Questions were the most popular study materials used by students, with a majority of respondents finding them 'useful' or 'extremely useful'.
• Everybody (that's 100%!) who had passed an exam had used Study Texts as part of their revision and 95% had completed Mock Exams.
• 80% of those people who have used Mock Exams had completed 3 or more.
• More than three quarters of students who had passed exams had used Revision/Practice Questions.
• A combination of study texts, revision questions and mock exams was seen by students as the most useful revision materials.
• By contrast, the use of these materials was much lower for students who failed exams. More than half of the students who had failed, did not use revision/practice questions as part of their preparation for the exams.

Lastly, we were pleased to see that every student in the survey that used our Astranti materials had passed their exams.
You can still take part in the survey by going to the following link. It's totally anonymous and will only take a few minutes - What does it take to pass an Objective Test exam?

Astranti Financial Training.

60% find exam harder than expected - see the results of our survey

Hi Everyone,

Thanks to those of you that have taken the time to complete our MCS survey!

We've been looking at your feedback very carefully and here is a summary of the key points:

Almost 60% of respondents found the exam to be 'more difficult' than they anticipated, with only 9% finding it 'easier'.

Time management was stated as an issue by many students emphasising the need for mock practise.

Other comments indicated that many students found they had a good understanding of the theory and the pre-seen but said they found it difficult to apply both of these within the exam questions.

Relating to this, students found it difficult to understand the requirements of some of the questions.
Over 50% of students concluded that they should have spent more time on mock exams.

Industry research was not considered to be as important as expected - 42% said they would have done less research on the industry. BUT students should note that in the recent MCS examiner's report, the lack of Industry awareness shown in student's answers was criticised - so future MCS students should not abandon industry research entirely!

Here are 5 great tips from the survey for future students:

1. Complete as many mock exam as you can
2. Get to grips with the pre-seen early in your revision
3. Make sure you've revised the entire syllabus
4. Typing speed is key
5. Become an expert on time management

We hope you've found this information useful.

If you've not yet completed the survey we would love to hear from you - MCS Survey. 




Nick Best and the Astranti team

Useful Memory Techniques! - Part Two

Hi,

Further to Friday's blog post on memory techniques, here are four more tips for you to use in your revision. 

Remember it's not just about knowing the content, the key to being successful in exams is to be able to recall it in a structured way. 

Everybody learns in different ways so find the techniques that best fit with your own style. 

5. Reinventing your notes

By reinventing your notes in different formats you may find that you are able to retain them better in your memory. So rather than re-reading your notes time and time again, consider re-writing them occasionally. This refreshes your memory and also makes you think about what you are writing and what it's about. This could be key to passing the exam.

6. Choose an easy for read font!

When revising for an exam it is recommended that your revision notes are in Times New Roman. This font is considered one of the easiest to read and as a result of this it will make it much easier for you to learn and memorise your revision notes!

If your notes are clearly written and easy on the eye then it will really help when it comes to trying to remember the content. 

7. Chunking information

Have you heard of the term 'chunking'? By dividing large amounts of information into smaller chunks an individual can remember a lot more detail. This is achieved through focusing on memorising those chunks as individual pieces. It's then relatively easy to bring the individual parts together. 

A great example is how an eleven digit telephone number is often broken down into three chunks. People remember the area code and then break down the remaining digits into two pieces. This chunking of telephone numbers is done without even recognising that it's 'chunking'!

8. Use Flashcards

Flash cards are an effective way of summarising important parts of your revision notes such as key definitions and formulas. Not only does it contain the vital information, the appearance of the flashcard can also help you to remember the content in an exam situation. There are many flashcard creators on-line for you to try out- why don't you take a look and see what's out there?!

Look out for our next four memory tips over the next week. 

Nick Best and the Astrani team
Astranti Financial Training