Suggestions on How to Answer Multiple Choice Questions Using the Solution Approach

Today's the start of classes this semester, and of course I was 45 minutes late for my 7AM class. Anyway, my teacher, Mrs. Causing in Auditing Theory and Problems, shared this tips for answering multiple choice questions, ans I am also going to share this with you. 

1. Work individual questions in order. However, if a question appears lengthy or difficult, skip it until you can determine it, after an extra time is available. Mark it for review to remind you to return to a question that you have skipped or needs to be reviewed. (They say, you can mark these numbers on your questionnaire but never on your answer sheet during board exams.)

2. Read the stem of the question without looking at the answers. The answers are sometimes misleading and may cause you to misread or misinterpret the question. 

3. Read each question carefully to determine the topical area.
    a. Study the requirements first so that you will know which data are important. 
    b. Note keywords and important data. 
    c. Identify pertinent information. 
    d. Be especially careful to note when the requirement is an exception (e.g., "Which of the following is not a characteristic of variable sampling.
    e. If a set of data is the  basis for two or more questions, read the requirements of each of the question first before beginning to work on the first question. Sometimes it is more efficient to work the questions out of order.
   f. Be alert to read questions as they are, bot as you would like them to be. You may encounter a familiar looking item, but do not jump to the conclusion that you know what the answer is without reading the question completely. 

4. Anticipate the answer before looking at the alternative answers. Recall the applicable principles, e.g., circumstances requiring a consistency exception in the audit report.

5. Read the answers and select the best alternative.


This is taken form Wiley CPA exam review and other sources. 

These tips can also be used in answering other subjects such as Financial Accouting, Business Law, Taxation, MAS, and even in other subjects not related to accounting. :)

I hope you learned something. Keep on visiting my blog!

Comments

Post a Comment

Popular posts from this blog

Safeguards in Auditing

Safeguards Once a threat that is other than insignificant has been identified and evaluated, safeguards should be considered and applied as necessary. If the firm decides to accept or continue the engagement, in spite of the significant threats identified, such decision should be documented including a description of the threats identified and the safeguards applied to eliminate or reduce the threats to an acceptable level.The nature of the safeguards to be applied will vary depending upon the circumstances. Consideration should always be given to what a reasonable and informed third party having knowledge of all relevant information including safeguards applied, would reasonably conclude to be unacceptable. The consideration will be affected by matters such as the significance of the threat, the nature of the assurance engagement and the structure of the firm. In certain situations, no safeguards are available to eliminate or reduce the threat to an acceptable level. Hence, the ...
Read more

Familiarity Threat in Auditing

Familiarity threat occurs when by virtue of a close relationship with a client, its directors, officers, or employees, a firm or a member of the engagement team becomes too sympathetic to the client's interest. Here are some examples of the circumstances that may create this threat but are not limited to: A member of the assurance team having an immediate family member or close family member who is a director or officer of the assurance client.  A member of the assurance team having an immediate family member or close family member who, as an employee of the assurance client, is in position to exert direct and significant influence over the subject matter of the assurance engagement.  A former partner of the firm being a director, officer of the assurance client or an employee in a position to exert direct and significant influence over the subject matter of the assurance engagement.  Long association of a senior member of the assurance team with the assurance cli...
Read more

Advocacy Threat in Auditing

Advocacy threat occurs when a firm or a member of the engagement team promotes, or may be perceived to promote an assurance client's position or opinion to the point that objectivity may, or may be perceived to be compromised. Such may be the case if a firm or member of the engagement team were to subordinate their judgement to that of the client. Here are some examples of circumstances that may create this threat, but are mot limited to: Dealing in, or being a promoter of share or other securities of the client. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. 
Read more