Exam Techniques ME October / November 2011 CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE About me Christian Gagiano Regional Learning & Development Manager CIMA • CIMA Member • Assist Colleges to Provide Quality Tuition CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Why we meet today? • I - Share my experience – How to study effectively? – How to please the examiner? • You - ??? My personal outcomes for this Seminar? CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Effective Studying. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE The CIMA Aims • Students who: o Fully understand the requirements of the CIMA examinations o Demonstrate the required level of knowledge and skill in their answers to examination questions o Are successful. • An overall improvement in success rates in the CIMA examinations. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Challenges • How do we know what skills / competences are tested in the exam? • What can we do to develop these skills / competences? CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Higher Level Skills Examined 5 - Evaluation 4 - Analysis 3 - Application 2 - Comprehension 1 - Knowledge CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Higher Level Skills Examined • 1: Knowledge – you have to know (facts - theories - techniques) • 2: Comprehension – you have to understand (history - background - strengths - weaknesses links between topics) • 3: Application – you have to be able to do it (apply knowledge in different contexts) CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Higher Level Skills Examined • 4: Analysis – you have to identify problems and look at complex practical solutions – you have to apply a proposed solution, then discuss issues arising from the application CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Higher Level Skills Examined • 5: Evaluation – you have to identify possible solutions and discuss their strengths and weaknesses... ...then recommend and justify the most appropriate solution CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE LIST OF VERBS USED IN THE QUESTION REQUIREMENTS A list of the learning objectives and verbs that appear in the syllabus and in the question requirements for each question in this paper. It is important that you answer the question according to the definition of the verb. LEARNING OBJECTIVE 1 KNOWLEDGE What you are expected to know. 2 COMPREHENSION What you are expected to understand. VERBS USED DEFINITION List State Define Describe Distinguish Explain Identify Make a list of Express, fully or clearly, the details of/facts of Give the exact meaning of 1 - Knowledge 2 - Comprehension Illustrate 3 APPLICATION How you are expected to apply your knowledge. Apply Calculate Demonstrate Prepare Reconcile Solve Tabulate 4 ANALYSIS How you are expected to analyse the detail of what you have learned. 5 EVALUATION How you are expected to use your learning to evaluate, make decisions or recommendations. CIMA Education Communicate the key features Highlight the differences between Make clear or intelligible/State the meaning or Purpose of Recognise, establish or select after Consideration Use an example to describe or explain Something Analyse Categorise Compare and contrast Put to practical use Ascertain or reckon mathematically Prove with certainty or to exhibit by practical means Make or get ready for use Make or prove consistent/compatible Find an answer to Arrange in a table 3 - Application Construct Discuss Interpret Prioritise Produce Examine in detail the structure of Place into a defined class or division Show the similarities and/or differences between Build up or compile Examine in detail by argument Translate into intelligible or familiar terms Place in order of priority or sequence for action Create or bring into existence Advise Evaluate Recommend Counsel, inform or notify Appraise or assess the value of Propose a course of action Skill Levels 4 - Analysis 5 - Evaluation Prioritise A new verb at Level 4 2010 Syllabus - FOCUSED ON THE FUTURE Syllabus - Skills Development Professional Competence Award – Member of the Chartered Institute of Management Accountants Generally assessed at Levels 3 to 5 Application – Analysis - Evaluation Test of Professional Competence in Management Accounting Part A – Initial Professional Development – Assessment of Work Based Practical Experience Part B – Case Study Examination based on Preseen and Unseen Material Strategic Level Generally assessed at Levels 3 to 5 Application – Analysis - Evaluation Paper P3 Performance Strategy Paper E3 Enterprise Strategy Paper F3 Financial Strategy Management Level Award - CIMA Advanced Diploma in Management Accounting Generally assessed at Levels 2 to 4 Comprehension – Application - Analysis Paper E2 Enterprise Management Paper P2 Performance Management Paper F2 Financial Management Operational Level Award - CIMA Diploma in Management Accounting Generally assessed at Levels 1 to 3 Knowledge – Comprehension - Application Paper E1 Enterprise Operations Paper P1 Performance Operations Paper F1 Financial Operations Enterprise Pillar Performance Pillar Financial Pillar Pre-requisite Entry Requirements (e.g. CIMA Certificate in Business Accounting) CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Exam Skills and Learning Outcomes Learning outcomes - Lead Learning outcomes Component CIMA Education Indicative content 2010 Syllabus - FOCUSED ON THE FUTURE Exam Skills and Learning Outcomes • How do we know the nature / level of skills examined? • Look at the VERB – at the beginning of each Learning Outcome („rules of the game‟) • In the exam, you are expected to show ‘what you can do’ (not just what you know)! CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Learning Outcome Illustration Discuss the value of post-completion audit (E2 – B – i) • Level 4 skill (Analyse) • No questions with ‘Advise’, ‘Evaluate’ or ‘Recommend’ • Level 1 – 3 verbs possible • Most difficult question could be ??? CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Task 1 • How many marks for each VERB? CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Exam Skills and Learning Outcomes • How to demonstrate the skills / competence tested? – look at the VERB ! • David Harris explains CIMA Verbs comprehensively. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Learning Outcomes Examined Learning Outcome Sep 2011 Distinguish between different types of competitive environments 2a May 2011 Mar 2011 Nov 2010 Sep 2010 May 2010 Pilot Paper (8) Produce a strategy for a project Discuss alternative approaches to the management of conflicts 3c (12) CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Learning Outcomes Examined Past paper questions analysed under learning outcomes of the full syllabus o Gives a feeler as to how learning outcomes are tested o Practice questions after each learning outcome is studied o Can identify knowledge / skill gaps. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Free CIMA study resources • Syllabus • Past exam papers and model answers • Post exam guides (PEGs) • Technical articles – FM magazine • Study articles – Velocity magazine • „Ask a Tutor‟ – every April and October • CIMAsphere boards, groups, blogs • CIMA local and student events • Video on verbs and exam techniques CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE www.cimaglobal.com/resourcemaps CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Now, Sit Down and Study. o Start with Learning Outcomes o Know and Understand topics / tools / models / techniques o Have a look at Past Paper Questions o Short Notes (because, if you want to remember something, write it down) o Business press / TV / real life examples ??? Have you done enough to show the skills examined? CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Pleasing the Examiner. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE In the Exam, Students Normally: • Read the question • Understand the question • Answer the question CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE What students ought to do in the exam hall? Read Understand Plan Answer CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner Read the question: The examiners say…… “ Two of the main reasons why candidates lose marks are by answering only part of the question, and by answering the question they hoped for rather than the question asked.” CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Read the question Briefly explain what is meant by „mission statement‟ and recommend a suitable mission statement for XX. (10 marks) CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Read the question Briefly explain what is meant by „mission statement‟ and recommend a suitable mission statement for XX (10 marks) Common Mistakes: – Mis-read question – Brain dump on a key word / phrase in the question – Fail to address the verb – Answer only the first task of the question CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Understand the question • Plan the answer Identify ways in which information technology and information systems might improve XX‟s operations. (10 marks) E1 specimen paper, Q 4 a CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • First, Structure planning • Topic (knowledge) • Verb (nature & level of skills) • Marks allocation (time and length of the answer) • Then, Content planning • Scenario information or Data (to add value to the answer) CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Yours Answer Plan • Can afford to spend 1/3 of time • Do it on the question paper or answer booklet • You don‟t want the marker to read it, then ? • No marks for your answer plan, but it increases your marks potential Remember, if you fail to plan – you plan to fail! CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Answer the question You never lose marks, only collect them. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? • Reward worthy writing – Short sentences with clear & precise points and less punctuation (20 words) – Build your argument step by step into small paragraphs (3-4) sentences – What / Why / However approach CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner? Answer layout is as equally important as answer content. • • • • • • Heading / sub-heading Paragraphing White space Bullets / numbering Selective underlining Pro-formas, labels etc. are few hints. Impress the marker and make the life of the marker easier. CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner Use the reading time effectively: The examiners say…… “ There is little evidence that students are optimising the reading time in order to score more marks” CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner Use the reading time effectively: • Operational papers: work through section A • Management papers: plan section B answers • Strategic papers: decide which two of the three section B questions you will attempt, and plan your answers • T4 part B – read and make notes on unseen CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner Watch your time: • Make full use of the 20 minutes reading time to start planning your answers • Allow 1.8 minutes per mark: • 5 mark question – 9 minutes • 10 mark question – 18 minutes • 25 mark question – 45 minutes CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE How to please the examiner Rules of the game: what NOT to do • Answer only part of the question paper! 50 marks out of 100 50% of available marks 50 marks out of 90 55% of available marks 50 marks out of 80 62% of available marks 50 marks out of 75 67% of available marks CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Relaxed Body and Peaceful Mind o Exam stress – problem for all students, yet it’s normal o Good exam preparation o Rehearse the exam day o Sit and relax in a ‘peaceful place’ o ‘To do list’ for the exam day o Relaxation techniques Exam Stress causes stupid mistakes !!! CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE Exam Techniques Dubai October / November 2011 CIMA Education 2010 Syllabus - FOCUSED ON THE FUTURE