How to Study for the DipIFR Dec 2024

Eduyush Moon Calendar on How to Study for the DipIFR Exams in the Last 40 Days:

Preparing for the DipIFR exams can be intense, but incorporating a rhythm-based approach, like aligning your study with the moon phases, adds a natural structure. Moon phases are linked with energy changes, cognitive clarity, and focus. By syncing your study with these cycles, you can maximize productivity, improve memory retention, and reduce burnout, creating a balanced and efficient revision schedule. Here’s a detailed 40-day study plan tailored to the December 2024 DipIFR exam.

Phase 1: New Moon (October 28 - November 5) - Focused Review & Planning

Significance: The New Moon symbolizes fresh starts and clarity, which is ideal for goal-setting and strategic planning. Use this phase to lay a solid foundation for your final revision.

Objective: Structure your remaining study days and gather all essential resources.

Tasks:

• Set up your schedule: Map out the remaining 40 days, setting aside time for high-priority topics and ensuring coverage of challenging standards.
• Motivational Insight - Kickstart your revision by watching a few videos from past students on Eduyush. Listening to their experiences and tips can set a positive tone, reinforce a winning mindset, and provide practical advice for navigating the DIPIFR exam. Watch the Youtube videos here
• Organize resources: Gather and mark up past papers , DipIFR technical articles and ensure full understanding of the Computer-Based Exam (CBE) platform.
• Review essential questions: Start working on Question 4 responses worth 25 marks . These are easy to score 20/25.
• Outline Ethics and Sustainability Reporting topics: These topics are quick to revise and offer an easy 7-8 marks.
• Use Passcards: Review BPP passcards for core standards to reinforce key points.

Phase 2: Waxing Crescent to First Quarter (November 6-12) - Intensive Practice Sessions

Significance: As the moon waxes, concentration and energy levels rise. This phase is excellent for hands-on practice to strengthen foundational knowledge.

Objective: Practice intensively and reinforce core concepts.

Tasks:

• Practice daily: Work on moderate standards like IAS 16 (PPE), IAS 36 (Impairment), IAS 21 (Foreign Exchange), and IAS 38 (Intangible Assets).
• Focus on Ethics and Sustainability: Reinforce these quick-win topics for easy marks.
• Daily Question 4 practice: Increase familiarity with Question 4 responses, focusing on clarity and accuracy.
• Complete one three hour exam on the CBE platform to get familiar with its interface and functionality. Test yourself on Question 4 topics for 3 hours.

Enhance your study efficiency by organizing questions into manageable segments, targeting weaknesses identified in prior practice.

Phase 3: Waxing Gibbous (November 13-19) - Advanced Revision & Targeted Practice

Significance: This phase's growing energy aids memory and cognitive processing, making it ideal for tackling challenging topics.

Objective: Focus on complex areas and fine-tune exam strategies.

Tasks:

• Deep dive into challenging standards: Allocate substantial time to IFRS 2 (Share-Based Payment), IAS 19 (Employee Benefits), IFRS 9 (Financial Instruments), IFRS 16 (Leases), and Consolidation topics.
• Attempt past paper questions: Apply advanced standards in practice questions, focusing on solving complex scenarios.
• Consolidation: Attempt full-length consolidation questions daily, timing each time to improve pacing
• Review examiner feedback: Analyze examiner comments on challenging topics to understand common pitfalls and best practices.
• Perfect your exam technique: Attend the Eduyush session on how to impress the examiner and understand all ACCA rules.

Phase 4: Full Moon (November 20-26) - Full-Length Exam Simulations & Technique Refinement

Significance: The Full Moon symbolizes peak energy, which is ideal for mock exams and high-intensity revision sessions as memory recall and focus are at their best.

Objective: Simulate actual exam conditions to boost confidence and time management.

Tasks:

• Complete two full-length exams on the CBE platform: Familiarize yourself with the timing and software used on exam day. Use the BPP Kit to solve full length mocks
• Focus on Question 4 and Ethics/Sustainability: Continue practicing these areas to secure easy marks.
• Revise moderate standards (IAS 16, IAS 36, IAS 21, IAS 38): Reviewing these ensures solid foundational knowledge.
• Post-exam analysis: Carefully review solutions, especially mistakes in challenging standards, to strengthen your understanding.
• Consolidate passcards and ACCA technical notes for quick revision

Phase 5: Waning Gibbous (November 27 - December 3) - Focused Revision & Topic Consolidation

Significance: As the moon wanes, it’s time to reinforce memory, review complex areas, and refine exam strategies.

Objective: Finalize knowledge on high-priority topics and work on consolidating weaker areas.

Tasks:

• Concentrate on frequently examined standards: Spend time on common but complex scenarios to ensure retention.
• Short, targeted practice sessions: Focus on your weaknesses for sharper retention. Practice atleast 45 minutes a day on the CBE
• Final review of DipIFR technical articles: Ensure all IFRS topics are clear and well-understood.
• Practice CBE platform usage: Keep practicing CBE questions to perfect exam technique.

Phase 6: Last Quarter (December 4-5) - Final Review & Relaxation

Significance: The Last Quarter brings closure, making it the ideal time for light review and relaxation to stay calm and focused.

Objective: Lightly review core principles and mentally prepare for the exam.

Tasks:

• Light review with passcards or flashcards: Go over the core principles of each standard.
• No new topics: Focus on summaries and lightly review marked notes from prior sessions.
• Briefly review Question 4 responses and Ethics/Sustainability: This provides a final confidence boost without adding pressure.
• Rest and relax: Stay hydrated, sleep well, and focus on stress management.

Tip: Avoid office tasks and focus solely on relaxation to ensure mental clarity.

Final Thoughts

Aligning your study schedule with the moon phases provides a natural rhythm to your DipIFR exam prep, helping you balance high-intensity study with rest. By following this structured approach, you’ll be well-prepared for your exam day, confident in your knowledge, and energized by a harmonious revision routine.

Good luck with your DipIFR exam in December! We hope to see a lot of 70+ Scores and 90+ scores