Today was my first exam of ICMAB December 2012 exam. Today’s exam was scheduled on Intermediate Financial Accounting (IFA). It was my second attempt of this subject. Last time I had great preparation. Last time I answered 84 out of 100. I was so sure that I will secure at least 60% marks. But as the first ever professional exam, I failed to manage the time. Moreover, luck was not in my favor. And that caused me to fail in Accounting for the first time.
This time I planned to pass the exam by any chance. But my preparation was not good at all. It was completely my fault that I didn’t pay much attention. I though my last time preparation will be enough for me. Moreover, I’m regularly in touch with the accounting processes due to audit in different clients. However, at the eleventh hour I understood that this preparation will not do. So I analyzed the total syllabus and selected to cover 13 topics. I finished revising all the 13 topics before exam. I thought my preparation will be enough to pass the exam.
During the exam, I found that I was familiar with most of the maths and terms. I didn’t know how to solve two math problems. But I figured out the way to do those maths. I was so close but I could not finish them. Moreover, I couldn’t do other maths correctly. My format and procedures were ok. But I might have mistaken during calculation. I didn’t have time to recheck whole math. So I skipped to next one. This way I answered total of 85 out of 100 marks during 3 hours time.
When I returned home, I checked my maths and the accounting processes that I didn’t know. I found that I was so much close to the answer. I could have done it if I gave some more time on those maths. Moreover, little practice of the maths would help me a lot. I don’t know what others think but I found the exam question harder than last time. My exam was terrible compared to the last time. Even though I answered 85 marks, I know that I will not be able to secure even 50% if the total marks. I’m felling sorry for the silly mistakes that I have made.
I should probably start studying this subject once again. But first I must study Cost Accounting. This exam is due on 30th December and I will appear in this exam for the first time. Moreover, I have not yer covered all the topics of the chapter. Right now I must give most of my times on this subject till the exam ends. I’m scared of this subject for a long time. Pray for me so that I can cover all the subjects and have a nice exam preparation. And ultimately pray for me so that I can pass in this subject.