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Level 3 M8 Exam

  • Student
  • 3 posts
  • # 119630

Hi everyone,

Has anyone used any other study materials than the ICB textbooks and mock exams for the M8 exam?

I've used all of the Level 3 Textbooks for the individual exams, but there isn't a "summary" book as such for M8, so I don't feel like I have anymore resources to help me revise. 

Thanks Smile

  • Member PM.Dip
  • Practice Licence
  • 44 posts
  • # 119631

Hi,

M8 exam is revision of all topics froom M4 to M7 and could be some from level 2 too. Just take ICB Mock for practice. Passing marks for this exam is 70%.

 

Thank you very much.

 

Kind regards,

Mehul Dave MICB PM Dip

  • Student
  • 30 posts
  • # 119633

Hi,

I passed my M8 Mock today, i revised through all the books for both levels, i plan on a bit more revision then do the second mock.

Good luck with you revision and your exams.

Des.

  • Student
  • 30 posts
  • # 119636

Hi,

Passed the M8 Mock yesterday and just going through and revising.

Can someone explain why the provision for doubtful debits is an asset in the chart of accounts?

I answered it as being a liability in the chart of accounts.

But in the mock exam i got this wrong, but i do not understand how the correct answer is saying it is an asset in the chart of accounts.

I am i miss understanding something or is the mock exam got this wrong.

Des.

  • Student
  • 30 posts
  • # 119637

Des said:

Hi,

Passed the M8 Mock yesterday and just going through and revising.

Can someone explain why the provision for doubtful debits is a current asset in the chart of accounts?

I answered it as being a liability in the chart of accounts.

But in the mock exam i got this wrong, but i do not understand how the correct answer is saying it is a current asset in the chart of accounts.

I am i miss understanding something or is the mock exam got this wrong.

Des.


 

  • Student
  • 3 posts
  • # 119660

Des said:

Hi,

Passed the M8 Mock yesterday and just going through and revising.

Can someone explain why the provision for doubtful debits is an asset in the chart of accounts?

I answered it as being a liability in the chart of accounts.

But in the mock exam i got this wrong, but i do not understand how the correct answer is saying it is an asset in the chart of accounts.

I am i miss understanding something or is the mock exam got this wrong.

Des.


 Hi Des - I also made the same mistake. The only logic I can think of is that when you form the Balance Sheet, you show the Provision for Doubtful Debts as a deduction against the Debtors in the current assets section, as opposed to showing it seperately in the current liabilities. 

Hope this helps :)

  • Student
  • 30 posts
  • # 119661

Hi Alouise,

Thankyou for your reply. Yes I understand what you mean, it is a credit reducing the debtors asset.

I sat my M8 live exam on Wednesday and passed, received my results on Thursday.

All the best for your exams.

Des.

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