The toughest paper to pass is Financial
Reporting, says Lynn Radose.
The Financial Reporting (FR) paper is often considered the most
difficult of all professional stage papers and historically has the
lowest pass rate. The reason for this is not the content or volume
of the syllabus; it is no more technically challenging than any other
paper. However, the way in which the syllabus is examined can lead
to students struggling with this paper.
Approach
The most crucial element of the approach to any FR question
is management of your time. Always identify how many marks the question
is worth and calculate exactly how much time you should spend on the
question (1.5 minutes per mark).
