7-Minute Survival Guide for Paper 2
In this survival guide, we delve into the crucial aspects of acing Paper 2, including time management, paper structure, question strategy, exam technique, and exemplary solutions for every question type. Additionally, you'll learn visually through three shirt changes, two haircuts, and one shave. Extra resources are available at caiebusiness.com.
Paper Structure and Time Management
- Duration: 90 minutes
- Marks: 60, allocating approximately 1.5 minutes per mark.
- For two mark questions: Spend 3 minutes
- For eight mark questions: Spend 12 minutes
- The paper comprises two case studies.
- Split your time equally between case studies, with 45 minutes for each.
Differences Between Paper 1 and Paper 2
- Paper 2 focuses less on knowledge and more on application to the case study.
- Important to read the case study thoroughly and identify key points before attempting the questions.
Question Strategy
- Knowledge Questions: Usually the first eight questions; direct knowledge without application to the case study needed.
- Application Questions: Involve applying concepts to the business scenario in the case study.
- Calculation Questions: Appear on Paper 2, with a recommendation to limit time spent to five minutes. Understanding the formula and showing your work is crucial.
Exam Technique
- Start with simple knowledge questions to build confidence.
- For calculation questions, write down the formula and calculation steps.
- In essay questions, develop a chain of analysis by applying knowledge directly to the case study.
Exemplary Solutions
- Short Calculation Questions: Demonstrate practical approach to calculations, using given formulas.
- Essay Questions: Focus on building a chain of analysis for both 'analyze' and 'evaluate' command words, culminating in a recommendation for the latter.
For in-depth guides, calculation aids, and more tips, visit caiebusiness.com.