Example 1: (Taken from Q1, December 2014)
Example 2: (Taken from Q1, June 2014)
In addition to the examples given here, the technical article 'Improving your P5 answers – part 1' (see 'Related links') gives a more detailed analysis relating to example 2 above, as well as an example of a weak answer to this question, which further illustrates what not to do in the exam.
A second article, 'Improving your P5 answers – part 2' (see 'Related links') provides an example of a student answer which would pass this question, demonstrating the key points needed to gain sufficient marks to pass, along with a model answer.
The 'P5 effective study and exam technique' video (access the streaming video if you don't have access to YouTube) provides you with some further detail around some of the more common areas included within the examiner’s reports – if you don’t want to watch the whole video at this stage, focus on the content in the four-and-a-half minutes starting 31 minutes into the video.
All of the P5 examiner’s reports are available on the ACCA website (see 'Related links').