Accounting is a subject of concepts, formats and to apply them correctly into the different types of questions is the real big deal. To master this art, you will need to do much practice. I will help you break this problematic task into manageable steps so that it is easier for you to get hold of accounting as a subject. This article will divide your preparation for the exam into five different periods starting from the initial year till the exam day. O'Level Accounting is divided into two papers, paper one and paper 2, which are usually not held on the same day, tips will be given on that too.
Starting from the time when you will have eight months till a year to take hold of a subject, mostly this is the appearing year and start of an academic year. During this time, when the syllabus is started, you need to keep your pace a little slower so that you can grasp and revise the basics thoroughly. If you are going to a school, institution or a tutor just take their lectures, come home and revise a couple of times till you start remembering the terms and concepts and then do the given homework; and if you are studying from our notes, read them a few times and then practice questions regarding that topic. You need to revise and practice the topics individually until your syllabus is complete. Practice questions should be taken from past papers. You should divide your past papers topically and yearly. You should do the last fifteen years of past papers, keep aside the last five ones, and the rest ten years should be classified topically for your practice after the lectures. You should do around five years of the latest yearly past papers for time management. However, you need to start doing them when you are just two to three months away from the exam day and have completed your syllabus; this should build you a good catch on the time management. However, for now, when you are completing your syllabus, just read your notes or lectures, revise them after some while and then practice the topical question of at least eight to ten years. Make sure you do not leave out the multiple-choice questions because they are equally essential and marks gaining. Remember that practice makes a man perfect, do not lose out on your energy, you can also break your practice questions in some parts for whenever you take your revision tests. Once you get a hold on practicing questions, it would not take you long but will also ensure an A*.
When you complete a topic, revise it after two weeks and its practice questions too so you do not end up forgetting the concept, not just this; it will also be used ahead. After you revise them, take your assessments by doing some new practice questions in those past papers. Divide the past practice papers into assessment tests and practice questions. All this needs to be done until your syllabus is complete. Your syllabus should be done entirely before 2-3 months of the exam. When it is complete, and you are done with your practice tests, you need to start pacing up then and revise all of the syllabi which would include your notes and the essential practice questions where you felt your concept being adequately challenged and tested, this revision should not take you more than a week or two. Because everything is already revised during the syllabus completion period.
In this left time of two to three months, you will take out the untouched last five years of yearly past papers. Make sure they are yearly and not classified into topics because now are agenda is not to grasps the concept. However, it is to take a firm hold of the time and practice without any help from notes. I will also advise you to keep the last two papers as your complete mock tests while the rest of the three will be your practice on time management. Make sure you do all the papers of the last five years, its different variants and different sessions (summer and winter). Time yourself in this practice, divide the allotted minutes with the total marks of the paper, and you will know exactly how much time needs to be given to each question. If you are unable to solve any question, move ahead and don't waste your time on that question, revisit when you are done with the rest of the paper. This is the final stage of your preparation so you should be scoring almost over an 85% in both your paper 1 and paper
You need to keep revising your chapters, especially the ones you are weak in. If you have any queries regarding the questions, then make sure you get it solved immediately from a teacher or a friend. If not that you can also refer to marking schemes and our notes.
Once you are done practicing your three years of past papers, you would know exactly where you lack, and you should be comfortable completing your questions on time and, ultimately, the paper too. In this time left, you will revise all the notes, practice questions, and your yearly past papers focusing on your mistakes and questions you find difficult. When it is only a month left in your exam, you will complete the rest of the two years of past papers to help you seal the deal. These past papers should not take you more than two weeks. Stay loyal to yourself and your practice, do not cheat in any way because it is only you who will get affected by the end of this when you will have your results in your hands.
Now it is just two weeks down the lane, and you will be done with your exam. Nevertheless, these two weeks are crucial. The syllabus is done, and the practice of fifteen years of past papers is done too. Your concepts are strong, and you know how to apply them to different kinds of questions. In the last two weeks of your preparation period, I will advise you to put the last two days entirely aside and do not count them in. I will list down some things you need to do in these seven to ten days. They are the following:
- Revise your lectures and notes thoroughly.
- After revising each chapter, redo some of the practice questions that you found difficult.
- When the syllabus is revised, start reviewing the past papers.
- Redo the questions you got stuck in.
- Revise and memorize the theoretical questions and the kind of analysis it requires.
- If you have any school tests or mock tests, review them too.
By this time, you should be confident enough, with no stress or panic in your soul. The last two days should be languid paced to get you relaxed. If you were waking up all day and night for the prep, don't do that in the last two days. If some of your revision is left do it on the last day when you will be going through your notes. Watch a movie, hang out with some friends, or do anything you feel that releases your stress. Now on the last day of your prep, just revise your notes and your formats and take a good seven to eight hours of sleep. Do not forget your meals of the day; take proper and healthy meals. Have an intake of fruits and juices before the exam if you do not like having something heavy to eat. I will recommend you not study anything on the exam day, just stay confident and do what relaxes you the most. Take a hot bath, get dressed and take all your necessary requirements and go to the examination hall before an hour or so. This would help your mind to get used to of the environment and people around you. Not just this, if you have forgotten anything, you will have time to figure out a solution, but do not do that; it would just panic the whole situation. During the exam, read your prayers and begin. Read the questions carefully and thoroughly and then start your solution. If you cannot answer a question, leave it out and revisit it when you are done with the whole paper. If both the exams are not on the same day, do the last two-yearly past papers in the gap given. If the gap is for more than eight days, than do the last five years in the gap.
All these tips, techniques, and ways of preparation are tested by many and have worked out for almost all. Just have faith in yourself, be determined, confident, and loyal to your hard work. The more you put in your effort, the more it will pay off. Although a sheet of paper cannot describe your potential, you won't regret working hard, and it will pay off one day or the other. Good luck!