One of the features of the Professional level exam papers is the awarding of ‘professional marks’. These are marks allocated not for the content of an answer, but for the degree of professionalism with which certain parts of the answer are presented.
They will usually be awarded in Section A (the compulsory part of the exam paper) and will total between four and six marks. It may be, for example, that one requirement asks you to present your answer in the form of, say, a letter, a presentation, a memo, a report, briefing notes, or similar.
Some marks may be awarded for the form of the answer in addition to the content of the answer. This might be for the structure, content, style and layout, or the logical flow of arguments in your answer.
You should assume that if the question asks for a specific format of answer that some marks may be awarded for an effective presentation of that format.
My ACCA friends sometimes ask me about the specific formats of question answer. I would like to share these formats here.
When you failed your ACCA exam with 47-49 marks, then ask yourself whether or not you try to gain any professional marks. Maybe you can improve your performance next time)
For ACCA students who prepare for F8 Audit and Assurance, there is a possibility to gain 2 marks for covering letter. The two marks were allocated as ½ for a letterhead, ½ for an introductory paragraph, ½ for disclaimers and ½ for a courteous sign off of the letter, which requires more than just a signature.
_____________ Co
# office, _________ str.
city
country
Date:
Dear Sirs,
Audit of ___________ Co for year ended ___________
Please, find enclosed the report to management on __________________ (subject) identified during the audit for year ended __________.
The report considers __________________ (subject) and provides recommendations _______ (subject).
Yours faithfully,
the audit firm
The technical article about professional marks relevant to ACCA P1 is here SA June 2009
They will usually be awarded in Section A (the compulsory part of the exam paper) and will total between four and six marks. It may be, for example, that one requirement asks you to present your answer in the form of, say, a letter, a presentation, a memo, a report, briefing notes, or similar.
Some marks may be awarded for the form of the answer in addition to the content of the answer. This might be for the structure, content, style and layout, or the logical flow of arguments in your answer.
You should assume that if the question asks for a specific format of answer that some marks may be awarded for an effective presentation of that format.
My ACCA friends sometimes ask me about the specific formats of question answer. I would like to share these formats here.
When you failed your ACCA exam with 47-49 marks, then ask yourself whether or not you try to gain any professional marks. Maybe you can improve your performance next time)
REPORT
To:
From:
Date:
Subject:
Introduction:
Body: (answer of a question)
Conclusion:
Appendix: (ratio calculation, workings)
MEMORANDUM
Date:
To:
From:
Subject:
Introduction: (refer to someone who requests the memo)
Body: (answer a question)
Use the headings, short paragraphs and leave the space between them.
To guide the reader, use the transitions like Firstly, Secondly, In addition, Next...
Conclusion: (reinforce the main points of the memo)
PRESS RELEASE
Head line (like in the newspaper to describe the content of the scenario)
Date:
Place:
Body: (answer the question)
Company info: (background of the organisation featuring in this press release)
Contact person info:
###
BRIEFING NOTES
Issue (or Topic, or Purpose): (short statement of an issue)
Background: (a brief summary of history of the issue)
Current status: (current situation of the matter)
Key consideration: (a summary of facts, considerations, developments)
Recommendations: (the best advices you can offer)
For ACCA students who prepare for F8 Audit and Assurance, there is a possibility to gain 2 marks for covering letter. The two marks were allocated as ½ for a letterhead, ½ for an introductory paragraph, ½ for disclaimers and ½ for a courteous sign off of the letter, which requires more than just a signature.
COVERING LETTER
To: Board of Directors_____________ Co
# office, _________ str.
city
country
Date:
Dear Sirs,
Audit of ___________ Co for year ended ___________
Please, find enclosed the report to management on __________________ (subject) identified during the audit for year ended __________.
The report considers __________________ (subject) and provides recommendations _______ (subject).
Yours faithfully,
the audit firm
The technical article about professional marks relevant to ACCA P1 is here SA June 2009
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