*** September 2024 ACCA SBR exam – Instant Poll and comments ***

I thought the exam was favourable

50/50 from my side. its not so difficult but tricky as well.

Q1 exclude Sub add associate + DBP
Q2 Ehtics+ IFRS15 revenue recognition at the moment
Q3 Leasing
Q4 Issue ( dismantling costs, remove Investment property recognized PPE, impairment Intengable asset)+ correction underlying profit ( add back reorganization costs + comments for investor)

Super doable exam for a well prepared student. I was. Not enough time to finish the exam tho 🙂

A full 25 mark question on sustainability reporting. Didn’t think that was fair and I also had that as my ethics questions. I just new the basics cause I wouldn’t think they would bring a full question on this.

I got this too
Mine was to not to recognize as a sale as it didn’t meet the criteria of an asset held for sale.
So to recognize as a sub and to consolidate

How did you approach the question?

I took the same approach by sounds of it. Tried to explain as best I could why the group shouldn’t be classified as held for sale, then de-recognised the disposal group and re-introduced the goodwill on the pre-populated SS. I thought it was a strange question compared to most other question 1’s I have saw in past papers.

The sustainability reporting was one thing I was actually well prepared for, but sods law didn’t get the version of the exam with a 25 mark question on it!!

It was mentioned in the pre exam ACCA webinar and hinted as its a new topic they may want to test it.

For the Q3, did anyone basically agree that the software can be classified as AHFS since it met all the criteria?

And the FV of land, I said that level 2 needs to be prioritised and used since the surveyor estimation might be manipulated.. what did everyone write for this?

On Q4, I had something like climate change impacted FA..what was the right answer for this, anyone remember how many marks this was? I mentioned that it needs to be impaired for credit losses and that maybe use the FVOCI model instead of amortised costs (it was a loan).

i think it’s AHFS as well, bcuz it seems that even though selling licences accounted for a major part of the business activities, we are considering the newly acquired licence, and its disposal does not mean that the major component, which is selling licenses, of the business is discontinued?
That’s what i think but i could read the question incorrectly and could be wrong either as i was so panic during the exam 🙁

The license is that an asset or a business?
Have you applied input, process and output model OR concentration test.

Inthis regard, how it can be a disc. Business opera.?

Why not IAs 2 inventory wouldn’t be?

Hi im from acca subreddit i failed last time taking sbr and was planning to retake it this December i was wondering if you have sbr notes that are useful that might help me? My email is genehou123@gmail.com