You can know all there is to know about the pre-seen and the theory. However, if you can’t convert your knowledge into answers in the exam, you are fighting a losing battle!
Do you know the main reason why students fail to convert this knowledge into answers?
They simply run out of time!
Are you one of these students? If so, then fear not! we have coached THOUSANDS of students who have had the same problem. Our secret to their success? Eight KEY time management tips…
Here are the first two time management tips, that have come straight out of my popular Study Text Part 1…
Tip 1 – Be concise – keep paragraphs short
Our writing style rules tell you to write 3-4 lines for each point made. If you work slowly you may not get many of these longer paragraphs finished though and, as a result, not make enough points to pass. If you are really struggling for time be concise and aim for just 2-3 lines.
In those 2 or 3 lines you should still aim to do the same things you would in a longer paragraph, but you just need to do them in a really concise way. Here are the key things to include in every paragraph:
- Make a clear point
- Explain that point
- Add some extra value
- Apply to the scenario
- Give an example
- Explain the importance of the issue to the company
- Explain why or how its and issue
Let’s take the following example. An ideal paragraph might read as follows:
“One consideration of the takeover proposal is the challenge of raising enough funds to make the purchase. At the year end we had just $30m of cash available in the business, much of which is needed to support ongoing operations. At least $100m would be required, and given the shareholders are not in the position to provide more funds, this would mean raising new debt finance. Our high gearing levels of 63% will make this challenging.”
This would easily score a mark in the exam, there’s a clear point made which is fully explained. It is linked to figures from the pre-seen ($30m and 63%) and the unseen ($100m), picks up on another key point (shareholders not being able to provide funds) and considers the other main source of funding (debt) and rules this out too. In fact this is so good, it could easily score 2 marks (although that’s not the aim of course, we’re only aiming for one mark per paragraph).
So how could this be rewritten in 2-3 lines?
“Funding the takeover will be a challenge. With a $100m requirement, just $30m in the bank, shareholders unable to provide more funds then more debt is required. With a high gearing of 63% this will be a challenge.”
This makes all the same points, but much more briefly. It would also score a full mark and give the student time to move on to make another point.
Tip 2 – Never look at the pre-seen
Create a one page fact sheet with key things to learn from the pre-seen on the weekend before the exam. Then, commit this to memory the day before the exam so you’ve got all the key facts at your fingertips and ready to use on exam day.
You simply don’t have the time to go back and look them up in the pre-seen in the exam, and if you don’t know them it’s never worth the time to go and look them up.
It’s better to include analysis in your answer than waste time looking the specific figures up. After all in that time you could have gone on and make another point for another mark!
How to find more tips…
The full list of 8 time management tips was taken from my popular Study Text Part 1, which offers a huge number of other useful hints and tips on everything to do with the case study exam!
By heading over to the study text page, you will also find the first two chapters of the full Case Study Study Texts Part 1 & 2 for free.