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Provides a 120+ hour study approach: read materials, answer in-text questions, MCQs, and case study questions, and use effective referencing or tagging to find information quickly. Includes methods for preparing summary notes by condensing extensive content, planning MCQ strategy aligned to module allocations and objectives, and using mind maps to organize question types. 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Read and locate information precisely and quickly during preparation.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What is the recommended method for preparing summary notes?",{"text":118,"@type":114},"Consolidate about 500 pages into roughly 50 by highlighting key themes and reducing each paragraph to a very short form. Summarising should also reinforce learning and memory.",{"name":120,"@type":111,"acceptedAnswer":121},"How can you improve performance on MCQs and written answers?",{"text":122,"@type":114},"For MCQs, review objectives, module allocation, and the contents page, then think like an examiner about key themes and important areas. For written answers, remember the 80:20 principle, write slowly with clear words, and limit the time spent writing.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},403102,1790821852,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":52,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},5909892210082,"https://ap-avatar.wpscdn.com/avatar/56001069da27c9f41e8?x-image-process=image/resize,m_fixed,w_180,h_180&k=1789614185077863061","8/04/2015  \nExam preparation for your CPA studies  \nCourtney Clowes CPA  \n[knowledgequity.com.au](knowledgequity.com.au)  \n© KnowledgEquity 2015  \nStructure  \n1. Subject outline-provides the importance of each area  \n2. Objectives-provide a detailed explanation of what you should have learned and understood  \n3. Open book exam – questions will be clear and capable of being answered by direct reference to the study guide  \n8/04/2015  \nExam preparation (120+ hours)  \n1. Read the materials (including the readings + suggested solutions) .  \n2. Attempt all the in-text questions and MCQs and any case study questions.  \n3. The questions are very specific because it is an open book exam. Broad brush understanding is not normally enough.  \n4. You need to be able to find things quickly and easily. This usually requires a referencing or tagging system of some sort.  \nPreparing summary notes  \n1. The main purpose is to consolidate 500 pages into about 50.  \n2. The second benefit is that in the act of summarising you will actually learn and remember a whole lot more than just reading.  \n3. How do you do it:  \n􀀁 Read: Highlight key themes.  \n􀀁 Try and reduce each paragraph to 1 word/line.  \n8/04/2015  \nExam planning & preparation  \n MCQ exam questions:  \n will not be ambiguous (only 1 correct answer);  \n are guided by the % allocation for each module in the segment outline;  \n are focused on the objectives; and  \n may have little twists and tricks in them.  \nGuessing the questions?  \n Review the objectives to the Module  \n Review the Contents page  \n Try and think like an examiner:  \n What are the key themes I would like my students to understand?  \n What are the most important areas to assess?  \n How would I write questions on these topics?  \n8/04/2015  \nMind maps  \n Draw a mind map of the topic  \n Try and insert the main sub-areas into the map  \n Map in the types of questions that could be written for each part of the map  \nSome brief examples  \n Examples of objectives and how to ask yourself ‘practice questions’ are shown for each of the core subjects on the next slides:  \n8/04/2015  \nEthics & Governance  \n What are the attributes of a profession?  \n Can you analyse an ethical case using a specific model?  \n Can you identify breaches of directors duties?  \n Can you identify cartel conduct and other anti-competitive behaviour?  \n Can you contrast the corporate accountability approaches and give examples?  \nGlobal Strategy & Leadership  \n Can you identify an industry and its markets?  \n Can you identify the industry life cycle?  \n How do you evaluate industry profits & growth?  \n Can you classify strategic options?  \n Can you place evaluate options and themes?  \n Can you prepare an implementation plan that highlights issues and risks?  \n Can you classify different leadership styles?  \n8/04/2015  \nGlobal Strategy & Leadership  \n Can you apply every tool in the study guide?  \n Have you applied every tool in the study guide to the case facts?  \n Read the case facts  \n Read them again  \n Read them again – and copy and paste them into relevant areas  \n– consider a spreadsheet  \nStrategic Management Accounting  \n Can you ‘apply’ rather than ‘regurgitate’  \n Often the hardest – but really one of the easiest  \n Think about examples  \n Porter’s generic strategies  \n Value chains – industry & organisation  \n PEST analysis  \n Balanced scorecard measures  \n ABC and TQM – calculations and analysis  \n Project planning and diagrams  \n Read the case study – it is really good  \n8/04/2015  \nFinancial Reporting  \n Have you read the Red Book?  \n Can you apply the standards and prepare the right journal entries?  \n Do you understand the underlying concepts:  \n Contingent assets and liabilities  \n The need for impairment  \n The difference between accounting profit and tax concepts  \n Financial instruments  \n The need for consolidation  \nFilling in the answer sheet  \n Sounds simple but…  \n8/04/2015  \n\n| \u003Cbr>Written answers\u003Cbr>|\n| --- |\n|  Remember the 80:20 prin","cbCaiva5cJ9X6Y9o","https://ap.wps.com/l/cbCaiva5cJ9X6Y9o","pdf",236178,"English","# Subject outline and objectives\n## Open-book exam approach\n# Study schedule and 120+ hour plan\n## Read materials and attempt questions\n## Find information quickly with tagging\n# Summary notes preparation\n## Consolidate pages into concise notes\n# Exam planning and MCQ strategy\n## Guided by module allocation and objectives\n## Think like an examiner\n# Mind maps\n## Map sub-areas and question types\n# Core subject objective examples\n## Ethics & Governance\n## Global Strategy & Leadership\n## Strategic Management Accounting\n## Financial Reporting\n# Written answers and final advice\n## 80:20 principle and writing process\n## Round 1 and Round 2 re-reading strategy\n## Time management during the exam\n# Study plan and support product","[{\"question\":\"How should you approach an open-book CPA exam?\",\"answer\":\"Questions are designed to be answerable by direct reference to the study guide, so broad understanding is not enough. Read and locate information precisely and quickly during preparation.\"},{\"question\":\"What is the recommended method for preparing summary notes?\",\"answer\":\"Consolidate about 500 pages into roughly 50 by highlighting key themes and reducing each paragraph to a very short form. Summarising should also reinforce learning and memory.\"},{\"question\":\"How can you improve performance on MCQs and written answers?\",\"answer\":\"For MCQs, review objectives, module allocation, and the contents page, then think like an examiner about key themes and important areas. For written answers, remember the 80:20 principle, write slowly with clear words, and limit the time spent writing.\"}]","Exam-Prep-Tips - Study and Exam Preparation Plan | PDF",1790537305,25]