F3 is examined through objective test questions. Therefore, there can be only one correct answer to a requirement. Objective test questions have a week point, as it cannot test those areas of syllabus that can have more than one correct answer to a requirement.

Objective test questions allows examiner to test wide range of topics. Fortunately, it does not allow testing topics in depth. Therefore, wider reading is desirable instead of in depth reading. To expand your width of your knowledge, read student accountant articles and practice past papers.

Please do not attempt to guess the contents of exam paper for your relevant session. Question asked in the exams across the syllabus have no particular pattern or proportion. Same syllabus areas are examined consecutively in more than one exam session to discourage selective study. It is also possible in an exam session to ask up to 12 questions or more from just 1 syllabus area. It means if you are not prepared for any exam topics, then you will be risking up to 24 marks or more.

Some areas of syllabus provide prerequisite knowledge for other areas of syllabus. Therefore, you must learn and understand those areas to attempt questions asked from other areas of syllabus. Details of relationship between topics are given at the beginning of each areas of syllabus (Exam Topics).

F3 usually contains objective test question having four choices. In means if you do not know answer of any question, you will still have 25% of chance of earning marks through guesswork. Therefore, you should not leave any question unanswered.

Time allocation is vital skill to master as F3 contains 50% questions per exam session. It is very easy to drift behind time. Therefore, you should practice as many questions as possible under strict exam conditions. You will have average 2.4 (120/50) minutes to answer each question. Some questions will unavoidably require more time while some will requires less. In case if you do not know the answer of any exam question you will only lose maximum up to 2 marks per question. Therefore, you should guess answer to those questions and make a note of them then you can subsequently return to those questions to if you have spare time.

F3 requires the test of your understanding rather than your memory. Therefore, you should not attempt to rote learn text and calculations. Objective test questions can be asked in many different ways to test your understanding of each topic. You are expected to apply formula (equations) to determine required variable as balancing figure through the use of data given in question.

F3 provides prerequisite knowledge for subsequent fundamental & professional papers such as F5, F9, P4, and P5. It means hard work this paper will make you life easy for subsequent papers as well.

F3 examination paper is not a 100% percent calculation based paper rather it contain many of the theoretical syllabus areas, which can be examined as objective test questions. Theoretical (text based) questions usually requires less time to answer than calculation based questions.

Calculation based questions if asked in form of empty box questions then figures should be shown up to at least two decimal places unless otherwise specifically instructed.

In case of calculation based multiple choice questions (MCQs), examiner will try to distract you by giving choices which would result if you do not read the question carefully or if you commit frequently committed mistakes by other students in case of lack of understanding or you performance only half of the calculation. You should not read the choices first to guide your calculation rather you should perform calculations completely in the light of information given in the question before selecting any choice.

In case of text based multiple-choice questions, examiner will try to distract you by giving choices, which seem to be correct. Therefore, you should read each statement before selecting an answer. It is the opposite of calculation based (MCQs). You may also weed out obviously incorrect statements first before selecting, to increase the chances of selection correct statement. However, if you later realise that you have made a wrong selection then you can subsequent change in selection any time. This applies to both paper based & computer based exams (CBE).

Pen should be BLACK BALL POINT only. Other pens such as gel pen, ink pen, pointer, markers etc are not recognized by OCR (optical character recognition) software. Your script will be marked electronically. Therefore, use only black ballpoint.

Calculators should wireless, noiseless, pocket sized and should not have text display or input facility. You can use scientific calculators; however, financial calculators are strictly not allowed.

Keep pencil, eraser and scale (ruler) for drawing graphs, tables, annotation of question paper etc.

Keep spare pen and calculator.

Keep ACCA registration card and any other form of photographic identity.

Please do not keep mobile phones with you in the examination hall.

Carefully listen to the instructions given by invigilators. Failure to obey those instructions can lead to disciplinary action.

Please read instructions given at the back of Admit card. If you need to ask any question, just raise your hands while sitting on the chair.

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