Welcome to KSi Peritus Academy! We are the learning and education business of KSi Peritus operating across East Africa and are part of a growing network of KSi Peritus Academies
Operating as usual
Here’s the ACCA December 2018 paper-by-paper pass rate rundown…
ACCA DECEMBER 2018 PASS RATES: AB 83%; MA 64%; FA 71%; LW 82%; PM 39%; TX 51%; FR 51%; AA 38%; FM 43%; SBL 48%; SBR 47%; AFM 41%; APM 33%; ATX 40%; AAA 31%
ACCA students are still struggling to pass the audit papers (AA and AAA), if the December pass rates are anything to go by.
Both papers have the dubious honour of having the lowest pass rates at the ‘applied’ and ‘strategic professional level
The 38% pass rate seems to bear out the fact that many candidates spent too long on section A in AA.
Student feedback on AAA was all about time pressure and that pass rate, at 31%, remains the lowest of all the papers.
Feedback following the PM paper was mixed. Students seemed to struggle with how the information was presented, and one PQ was worried they had underestimated the test. With a pass rate of 39% and 43% for the last two sittings, that would be unwise!
It wasn’t all tough news. There was a jump in all the applied knowledge paper pass rates, compared to the September sitting. And, there was a big jump in the AFM and ATX pass rates.
Happy new year. We are open for the 2019 CPA, ACCA study support classes and CFA revision classes for the June 2019 exam.
You are encouraged to pass by our offices for inquiries.
December 2018 practical training offerings.
Book your place today .
Dear student, please be advised that the venue for the paper-based examinations has now changed.
Please see below for the details of the new venue.
SILVER SPRINGS HOTEL
PLOT 76A/D PORT BELL ROAD, BUGOLOBI
P O BOX 2301, KAMPALA
Please contact the ACCA Uganda Office should you require any further information.
Revising for the September 2018 exam?
KSi Peritus Academy
The Best Way to Study for CFA® Level I
while everyone hears about the difficulty of the CFA® Level I exam, very few believe it until they experience it for themselves. To pass the exam, you will need to achieve at least the minimum passing score (MPS) set by the CFA Institute Board of Governors after each exam. The 2016 CFA Level I pass rate was only 43%. People who are studying for the CFA exam are smart, driven, and want to pass just as much as you do. That means it is crucial that you have a study plan and adhere to it.
Many successful CFA charterholders credit their study routine for their success taking the CFA exams. Not only do you need to study the material, but you need to be able to apply what you learned to scenarios on the exam. This level of understanding and practical application takes time to develop. Therefore, it is crucial that you get into a study routine early and stick to it.
We recommend following the Prepare > Practice > Perform® method of studying. In the prepare stage, you absorb information through reading and listening to lectures. In the practice stage, you start working through practice problems. In the perform stage, you simulate exam conditions to assess your level of readiness.
As you develop your study plan, we typically advise spending:
30–40% of your time preparing
Focus on the Exam Weights and Learning Outcome Statements
You should have a solid understanding of the CFA exam curriculum and how each topic is weighted for the Level I exam. The curriculum is updated every exam cycle, and all three levels of the CFA exam focus on the same 10 topic areas. Exam weights vary by level and can change slightly from year to year, so it is good to be clear on what the weights are for the exam you are taking.
The Learning Outcome Statements (LOS) and core concepts are built from the Candidate Body of of Knowledge, developed by CFA Institute. They have devised study sessions and LOS to help candidates figure what should be gained from each reading. Be sure to develop your study plan around these, as they will help you focus on the right topics for the exam.
Apply Concepts to Real Situations
Just knowing the material isn’t enough to pass the CFA exam. You must be able to take the knowledge and apply it to realistic situations. Most questions are not asking you to regurgitate memorized material. They are asking you to use problem-solving skills and apply knowledge to situations you may encounter on the job.
Many CFA charterholders advise you to always tie back what you are learning to the real world. its advisable that as you go through the learning outcomes, keep asking yourself questions as to why you are learning this and how you are going to use this in your work.” The more you can make the study material real to you, the easier it will be to remember it.
Save with the march 2018 exam offer. Offer valid till 8th January 2018
The Chartered Financial Analyst® (CFA) credential is the globally recognized mark of distinction and benchmark for measuring the expertise, experience, and ethics of serious investment professionals. Earning it demonstrates mastery of a broad range of practical portfolio management and advanced investment analysis skills that will open doors at any stage in your career.
9 Reasons People Fail the CFA® Exam
A step many students give very little thought to, but one that can really help you shape your CFA® Exam retake strategy, is to consider why you were unsuccessful.
Understanding the root cause for failing the exam will help you avoid the same pitfalls at the next attempt and manage your time in the most effective manner. Typically, unsuccessful candidates will fall into the following groups.
Here are nine reasons students fail the CFA Exam, and some advice for achieving a better result on your next attempt.
1. Failed to Study Enough Hours
CFA Institute estimates it takes in excess of 300 hours to properly prepare for each level of the CFA Program. It is often hard to manage the work, social life, and study balance. And, of course, the discipline needed to maintain your studies is one of the key reasons the CFA designation is so highly valued by employers.
Level I is a foundation level based on core finance principles and concepts. It contains a lot of standard finance knowledge, and many candidates will have seen at least some of the Level I topics during prior studies. This means that the average time taken to study for Level I will differ dramatically depending on the candidate’s prior knowledge and experience. If most of the subject matter was new to you, then the 300 study hours is potentially a conservative estimate. If the number of hours needed to properly prepare for Level I caught you off guard, then the solution is fairly simple—you need to devote more hours to succeed.
At Level II, we find that numerous candidates underestimate theamount of work required to properly prepare for the exam. Certainly those who studied considerably less than 300 hours at Level I, and yet passed, are most prone to making this error. Many candidates will have seen at least some of the Level I topics during prior studies, but having prior knowledge of the Level II curriculum is much rarer. As a result, the 300-hour estimate of study needed will apply to far more candidates at Level II.
Of course, there are times when work must come first. No matterhow hard we would like to study, we just do not always have the time. If this has happened to you, then hopefully you will have more study time and be able to prepare more thoroughly at the next sitting. A good idea is to start earlier than most candidates, get through the material earlier, do more practice than other candidates, and hopefully get ahead of other candidates. Remember, all you need to do is to improve your weak areas, maintain your strong areas, and ensure that you have accounted for any curriculum changes.
2. Technical Gaps in Knowledge
Attempting any level of the CFA exams with holes in your knowledge is a dangerous proposition. Remember that CFA Institute does not release past exams and prohibits candidates from discussing the contents of the exam. This means you must have mastery of all LOS to be confident of success. It simply is unwise to base your studies on what you believe will be tested. On top of this, our experience tells us CFA Institute does like to throw the odd curve ball at candidates in the exam. Questions appear on what you could consider the more peripheral areas of the curriculum; these will soon sort the fully prepared candidates from those with knowledge gaps.
So, if you did have knowledge gaps, your focus for a retake attempt will be to plug those gaps, while still maintaining your core knowledge. You have three main tools at your disposal:
CFA Institute curriculum
Prep provider notes
Prep provider classes
The approach to take will be dependent on the volume of technical gaps in your knowledge. A failure banding below 8 normally indicates that you did have gaps in your technical understanding, and a banding below 5 indicates they were quite significant.
If your technical gaps were minor, then in years of minor curriculum changes, we recommend using purely the CFA Institute texts and prep provider notes. In years when curriculum changes are more significant, it is a good idea to repurchase study materials to ensure you have sufficient practice questions on the new topic areas.
If your technical gaps were more significant, then some form of instruction will help you. If you had knowledge gaps because you ran out of time to prepare fully, then the key will be to start your retake studies early.
3. Inefficient Study
Live or online instructor-led exam prep courses are designed to accelerate your understanding of the core material; however efficient use of your time outside of the classroom is key. One common mistake is spending too much time taking notes. One often fatal tactic is to try and produce your own set of notes covering the entire curriculum. The sheer size of the CFA curriculum means that preparing your own set of notes from scratch is simply too time intensive. The problems will be either you didn’t cover the entire curriculum and, as a result, had gaps in your knowledge, or you did not have time to properly utilize practice questions and mock exams. The longer you can have to review and practice, the greater the chances of success. We believe that optimally, the entire final month of studies should be set aside for review and practice, which brings us to point 4.
4. Not Enough Practice
The key to passing any level of the CFA Program is to practice as many questions as possible. The major issue is that even with good technical knowledge, if you have not practiced enough questions, you will struggle to apply your knowledge to exam-based questions. The more questions you practice, the more familiar you become with applying your technical knowledge. In addition, attempting exam-difficulty questions also identifies whether you have truly mastered a particular area of the curriculum. There is simply no better way for you to be able to recall the vast amounts of material.
You should attempt and review the solutions of the following questions before attempting the real CFA exam:
Prep provider and CFA Institute end-of-chapter questions
Prep provider practice exams and question bank quizzes
Prep provider mock exam(s)
CFA Institute mock exam
Getting questions wrong outside of the exam hall, and identifying why you got them wrong, prevents similar mistakes being made in the actual exam. The more questions you can do, the more tricks, tips, and techniques you will be familiar with, which significantly increases the chances of exam success.
The focus for retaking candidates in this position should be to concentrate on as much question practice as possible for their next attempt. So the majority of time is spent on review of the material rather than reading and note taking. If you feel that this applies to your studies, we strongly suggest attending a review course. A good review course gives candidates two key outcomes:
By the end of the course, you will know where the key gaps in your knowledge remain.
You will benefit from experienced instructors breaking down questions and applying exam techniques to develop your exam strategy.
5. Failure to Correctly Pace Your Studies
If you started your studies in January in order to fit 300 hours into the time before the June exam, you needed to study for approximately 15 hours per week. The danger is that as time passes, and the initial study enthusiasm starts to wane, the number of hours studied per week starts to drop. When you factor in social life, family life, and the pressures of a demanding job, it is easy to see why candidates struggle to maintain this commitment.
If you let your studies drift, the backlog of material to cover soon increases, and the number of hours per week starts to climb. The study then becomes too much of a burden. Candidates in this position will often find that they are still trying to cover material for the first time in the final month. As mentioned earlier, the final month needs to be dedicated to review and question practice to give you the optimal chance of passing the exam.
Again, the good news is that if you fall into this category of unsuccessful candidates, it is likely that you have most of the technical knowledge needed. As a result, most of your retake time will be spent on review of topics and, most importantly, drilling practice questions until applying your knowledge becomes second nature.
6. Bad Luck
As with any exam of this nature, you do need a bit of luck on exam day. Given the length and time limits of the exams, not every topic you study will be examined. Naturally, each candidate has strengths and weaknesses regarding the topic areas and, as a result, an exam one student finds hard, another student may find easier.
Most candidates will be crossing their fingers that certain topics come up in the exam, and even more so that others do not. So, if your worst-case scenario topics were tested this year, you always have a chance of better luck on the next exam. With the extra time a retake affords to review the material, you should have fewer weaker areas and be less dependent on luck.
7. Underperforming on Exam Day
Managing nerves will play a part for every student on exam day. The only thing you can do to combat them is to have a good exam strategy and be properly prepared. The better prepared you are, the less likely you will be affected by nerves.
If you are scoring well on mock exams, then you should pass the real thing. We always suggest candidates work toward a target of 70%. If you can replicate this in the exam, you are more or less guaranteed success, providing you hold your nerve. If the actual exam appears harder than expected, keep in mind that this is likely to be the case for everyone. In fact, candidates who have not properly prepared and have no exam strategy are more likely to be adversely affected by a harder exam. If you are properly prepared, your thought process should be that a hard exam will trip up the weaker and poorly prepared candidates.
In addition, ensure you stick to your exam technique. Do not start questioning your answers because you are nervous about the exam. Normally, your first attempt at answering a question will be the correct answer. It is often the case that when candidates start changing their mind, they move from the correct answer to an incorrect one. Our advice would be that, unless you are 100% certain that you have made a mistake, never change your answer.
Some students will run out of time and fail to complete the exam. This is normally due to a lack of exam strategy or panicking in the exam and not applying their exam strategy. If timing was an issue for you in the exam, try breaking the exam up into blocks of 10 questions and giving yourself a 15-minute time limit for that section. Remember, all questions carry the same weighting in the marking guide. Proper exam technique involves spotting the more difficult, time consuming questions and leaving them for the end. The danger of not doing this is that you get sucked into attempting a question that takes significantly longer than the 90 seconds you have available. This only needs to happen a few times, and completing the exam becomes more difficult, which potentially means you miss easy marks toward the end of the exam.
Another trap you may have succumbed to is slowing down in the real exam compared to your mock exam attempts. This can occur as candidates feel the need to double-check their answers in the real exam. If this applies to you, ensure that you complete the exam before going back to double-check your answers. If you are taking the full three hours to complete a mock exam, you cannot afford to slow down in the real exam.
8. Poor Ethics Score
We know, in the case of marginal students, that CFA Institute will review the candidates’ Ethics score before deciding whether to pass them to the next level. If you have a high banding (10 or 9) and a poor Ethics score, then this is likely to have caused your fail.
Ensure that you leave studying Ethics to the last couple of months before the exam to aid retention. You must study Ethics using the CFA Institute text to be properly prepared. Then, the key is to practice as many Ethics questions as you possibly can. Finally, it is always worth reading the material one last time the day before the exam to aid with short-term recall.
9. Studying Too Hard the Day Before the Exam
There is a real danger that candidates can study too hard the day before the exam. The danger is that a grueling day before the exam, coupled with a poor night’s sleep, leaves you mentally tired walking into the exam hall. Tired candidates make mistakes.
Try to be at your mental peak for the exam. We recommend you use the day before the exam to reread some of the more wordy areas of the curriculum, including Ethics. Do not take mock exams, which can mentally drain you. Few people get a particularly great night’s sleep before an exam, so make sure you get to bed early.
Clearing and Forwarding Agents, Tax Consultants, Tax Advisors, Tax Agents, ICT Consultants And Renewal Energy and Many other related activities.
Serengeti Credit Finance offers short term personal and business loans at very competitive rates.
Rescue Finance is Uganda's Pay As You Go finance company. Offering Fast, Short term, Parked Car Loans, Emergency Loans and More.
The Inclusive microfinance conference will be held 11th-12th November 2014 at Imperial Royal Hotel, Kampala, Uganda.
This page is dedicated to those who are ready to become rich by raising their financial intelligence.
We offer Savings, Shares, and loan products. Find us along nabinnonya road, Entebbe high way 15miles from Kampala
Waniko consult is the Tax professional services firm in Uganda. It provides services like Tax audits,Tax planning,International tax, Return filing etc
We provide quality Accounting and Bookkeeping services to SMEs at the lowest monthly costs, Contact us for your free month initial consultation.
For more information contact us on +256702187800.