*** ACCA Paper SBR March 2019 Exam was.. Instant Poll and comments ***

Real disaster. Q1 was horrible and confusing. Dates are irrelavent

Not too bad. It was passable.

Can’t believe this thread is still so inactive!

Q1 was okay for me (hope this is not the Dunning–Kruger effect lol). I had the most trouble with Q3, where the first two parts (joint arrangement and FVTOCI) were completely alien to me since they weren’t my focuses in my revision. I might have figured out more if I had more time but the time was just enough for me to at least answer each question (except FVTOCI – left that one empty; and I couldn’t answer 100% for each question). I could answer the other questions, but I feel I missed quite some points. Fingers crossed.

Aaaaaa….…… In my opinion it was one of the hardest exams I sat for so far.

Did not have enough time to discuss in detail.

ridiculous exam
i stopped after two hours and just sat there
i don’t think i will get more than 20%
i filled in almost nothing for Q1
based on the two past exam papers and two specimen papers online, there was nothing relevant

I think it was an okay paper. But I don’t think I have revised enough just to pass. I think those exposure draft questions are the hardest to tackle since I didn’t have enough time to read through and digest.

A lot of writing. No topic was new to me. I did a lot IFRS revision lectures ( The Pakistan one) Which adressed seriously every topic from the exam.
So that is definitely a must do guys. But off course I am not sure if I remembered everything correctly. Framework one I mixed up the asset en liability definitions.

The disposal was dificicult. I blanked a little there.

Pension also tricky question..I thought settlement in year incurred since It was well announced and clear to everyone what was to happen. Also there not sure though.

IFRS11 is that not equal shares..That was not the case in q3 I think. Derivatives is that not FVPnL? Short term low value..Yes time was a challenge and my fingers hurt..I really hope for 50%.

IFRS 15 I did not completely understand the requirement there. Just wrote for either package if the components should be distincly valued. And for the new region I said amount recognised should be based on expecations so 80% of the 3 mln.

For leases I said more assets and liabilities recognised. I thought profits before interest and tax not so much influenced as depreciation would replace lease cost? And the other ratios I just quessed a litlle ROCE more liabilty..We will see..

For the off balance sheet question, even if it wasn’t asked for I wrote about the gearing ratio. Liabilities would be less hence debt would appear to be lower and the gearing ratio would appear to be much better. Anyone do this?

For lessee also no more operational or financial lease. So yes disclosures different. Is missed the disclosures one

@davide64 said:
Very hard exam. The first question threw me off a bit as I was not expecting foreign subs. Part a was fine where you had to describe functional currency, but the rest of the question was seriously confusing. Did you have to calculate the full disposal or not?

The question about revenue looked like easy marks but in the end I also became confused. I wrote about the 5 step model for part A. The FVTOCI was horrible and the pension question was tricky as well. What did people right for the settlement treatment?

Also for the joint arrangement, control or no control? The entity could prevent other parties from voting for majority, but also they would need one other vote themselves, so It wasn’t control IMO. I’m scared my 100% exam record is has come to an end here but fingers crossed.

Is it just me or was I the only one who hardly wrote any numbers down?

I didn’t do many calculations either … Just wrote and wrote … a lot of rubbish 🙂

for q3 ,i state that it is a joint arrangement because the require of unanimous consent,where the company can prevent others from making operating decision due to it hold the half members of board…….so unanimous consent exists and joint control exists too…. am i right?

I state that interest charged to PL will decreases the dividend capacity to investor….is it OKAY??

same