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    SBR Cheat Sheet

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    Parvathi Nair
    This document provides guidance on passing the SBR exam, including developing an effective study plan, practicing exam questions, and managing time well during the exam. It emphasizes regular study, completing a mock exam, and reviewing examiner reports. For the exam, planning is important given its compulsory questions. Answers should be well-structured and apply technical knowledge to scenario details through recommendations and conclusions. Resources from Learnsignal, like webinars and video summaries, can help improve exam technique.

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    SBR Cheat Sheet

    Uploaded by

    Parvathi Nair
    667 views4 pages
    This document provides guidance on passing the SBR exam, including developing an effective study plan, practicing exam questions, and managing time well during the exam. It emphasizes regular study, completing a mock exam, and reviewing examiner reports. For the exam, planning is important given its compulsory questions. Answers should be well-structured and apply technical knowledge to scenario details through recommendations and conclusions. Resources from Learnsignal, like webinars and video summaries, can help improve exam technique.

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    This document provides guidance on passing the SBR exam, including developing an effective study plan, practicing exam questions, and managing time well during the exam. It emphasizes regular study, completing a mock exam, and reviewing examiner reports. For the exam, planning is important given its compulsory questions. Answers should be well-structured and apply technical knowledge to scenario details through recommendations and conclusions. Resources from Learnsignal, like webinars and video summaries, can help improve exam technique.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    667 views4 pages

    SBR Cheat Sheet

    Uploaded by

    Parvathi Nair
    This document provides guidance on passing the SBR exam, including developing an effective study plan, practicing exam questions, and managing time well during the exam. It emphasizes regular study, completing a mock exam, and reviewing examiner reports. For the exam, planning is important given its compulsory questions. Answers should be well-structured and apply technical knowledge to scenario details through recommendations and conclusions. Resources from Learnsignal, like webinars and video summaries, can help improve exam technique.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    At a glance
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    The key takeaways are to plan your study, study regularly, practice questions, complete a mock exam, and review examiner reports and articles.

    The key study techniques recommended are to plan your study, study regularly for 60-90 minutes per day over 5 days, practice questions, complete a mock exam, and review examiner reports and articles.

    Tips provided for planning and structuring answers are to split requirements into smaller sections, read questions carefully, take time to understand the context and approach, and structure answers logically and concisely while addressing all key points.

    STRATEGIC BUSINESS

    REPORTING

    December 2019 – Cheat Sheet


    SBR – Cheat Sheet

    Strategic Business Reporting


    ______________________________

    Key study techniques to passing your SBR exam:


    ● Plan your study - make sure you have a detailed study plan and stick to it
    ● Study regularly - 60-90 a day for 5 days is much better than one long day
    ● Practice questions - build the knowledge and practice relevant questions as you go
    ● Complete a mock exam - don’t let the first time you attempt the exam be the day of
    your exam - no 2 subjects are the same
    ● Examiner reports and articles - vital information and guaranteed marks available if
    you take the advice on offer

    Exam Tips for passing the exam


    Planning

    The exam is all compulsory questions, therefore planning is vital. From a planning
    perspective, I would recommend splitting the requirements into smaller sections, especially
    for question 1. Read the question carefully. Take your time in thinking about an approach
    and solution. If you start writing too quickly you will miss key points and marks, so take time
    to ensure that you have understood the context of the question and don’t fail to apply the
    correct knowledge. Remember, always answer the question asked.

    Layout and Structure (incl. professional marks)

    Firstly, you must be organized and have a systematic approach to answering the question.
    Frameworks need to be learned and written responses practiced, so that replicating this
    format is possible in the exam. An answer that is neat, tidy and non-crowded makes it easier
    for the examiner to identify the areas that deserve marks. The best way to structure your
    answer to earn professional marks is to assume the role of the character in the scenario and
    replicate the deliverable in your answer (i.e if the questions requires you to prepare briefing
    notes, this should be the format of your answer). Planning will enable you to produce logical,
    well thought out and organised answers that hits all the key points. Your answer should be
    concise with value adding statements, and you should not waste time on lengthy general
    introductions and conclusions.

    Technical Knowledge

    You need to cover the whole syllabus, as well as having a good understanding of the
    assumed knowledge from the Financial Reporting and other related modules.
    Section A will consist of two scenario-based questions that will total 50 marks. The first
    question will be based on the financial statements of group entities, or extracts thereof), and
    is also likely to require consideration of some financial reporting issues. The second
    question in will require candidates to consider the reporting implications and the ethical
    implications of specific events in a given scenario.
    SBR – Cheat Sheet

    Section B could deal with any aspect of the syllabus but will always include either a full
    question, or part of a question, that requires the appraisal of financial and/or non-financial
    information from either the preparer’s or another stakeholder’s perspective.
    The current issues element of the paper may be examined in Section A or B but will not be a
    full question; it is more likely to form part of another question.

    Application to the scenario (incl. Recommendations and conclusions)

    The expectation at this stage is synthesis and evaluation. Make sure you are linking your
    analysis to the scenario. Regurgitation of IFRS leads to poor exam technique, make sure
    you use information from the scenario to support any recommendations and conclusions you
    make as this will allow the examiner to see the justification you have for your comments. The
    evaluation of alternative accounting practices and the identification and prioritisation of
    issues will be a key element of the exam. Professional and ethical judgement will need to be
    exercised, together with the integration of technical knowledge when addressing business
    reporting issues in a business context, so make sure that you do this with suitable
    application to the scenario.

    Time management

    SBR is a 3-hour 15-min exam with all compulsory questions. Planning and time
    management is vital so allocate the first 15 minutes to this without starting to write an exam
    answer. This leaves 3 hours (or 180 minutes) for the remainder of the exam, as such you
    should allow 1.8 minutes per mark for all questions you attempt (i.e. if completing a 10-mark
    question, you should spend 18 minutes). Be strict with your time and don’t allow a negative
    impact on one question by spending too long on another.

    Learnsignal resources available to improve exam technique


    Here are some resources available for learnsignal members to help you improve your exam
    technique:

    Tutor Exam Report Debriefs:

    Watch our tutor review of the most recent examiner report, which highlights the common
    mistakes of students in the last sitting. If you can avoid these, you'll have a much higher
    chance of passing your exam.

    Study & Exam Support Webinars:

    You can attend our weekly study webinar every Friday leading right up to the exam week,
    where we provide guidance for your study and answer any questions you have. The webinar
    also serves as a forum for students to talk and offer advice to each other. We also run
    individual subject webinars with each of our subject tutors during our Webinar Week,
    allowing you face to face time to ask technical questions and get feedback on the required
    exam approach.
    SBR – Cheat Sheet

    5 Minutes to Pass videos:

    Watch our 5-minute to pass video which covers the key topics and required exam approach
    for the subject. This video provides concise guidance you should follow to ensure you get
    over 50% in the exam.

    Exam Bootcamp

    It’s never too late to try our Exam Bootcamp, which is a 21-day program for each subject
    leading up to exam week, providing you daily with a topic to study, an exam standard
    question, a time limit to complete this in, and our tutor solution. This allows you to cover a
    large range of exam standard questions to perfect your exam technique before the real
    thing.

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