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AAA Exam Marking Exercise Feedback - ACCA Advanced Audit and Assurance (AAA)

VIVA Subject Guide

Many students who fail the AAA exam are puzzled why they failed when they felt that they had written good enough answers. Maybe marks were lost due to lack of knowledge or misunderstanding what the question was asking for. Obviously the ACCA does not provide that information for individual candidates.

We are unable to provide a marking service, but what we have produced a lecture showing how exam answers are marked, using actual students’ answers and explaining where marks would be gained and where (and why) marks would not be awarded.

To fully benefit from the video please download the question and answer from September/December 2019 Sample Questions below

Watch the AAA Exam Marking Exercise Feedback video:

YouTube video

10 Comments

  1. Farhan Ali
    Amazing breakdown sir,

    Dear Kim, I found the second part of question (a) relating to investment property to be very unspecific as to, what specific date the revaluation model was adopted.

    Hence I initially struggled to calculate the error of 25K, as I missed the hint in the question stating " to benefit from any increases in property valuations" so I assumed that the property was revalued on 31 March 20X5 and stated that there was an error of 30K which should have been taken to OCI at reporting date. In my humble opinion this is a very vague manner of conveying to the exam candidate that the revaluation model was adopted at the beginning of the year, hence it did waste a considerable amount of my time as it left me confused.

    Is my concern justified? or do I need to improve on picking up such hints

    And if I do make a mistake in my calculations, will I be marked down considerably? (Assuming I have correctly classified the error as per accounting standards, only making a mistake in calculation)

    Thanks in advance.
  2. Vivekanantha
    Hey! where do I find more AAA lectures of this specific tutor? he is humorous and straight to the point, and I think that's what helps you click a trigger in remembrance. Is there a series of lectures where all the advanced audit concepts are explained by this specific person?

    Thanks in advance!
  3. KimTutor
    I think Steve has done all the Revision lectures for AAA and the most recent AAA lectures (i.e. that have been updated in the last year or so) - including Chapters 9, 14, and 33.

    If you click on each lecture here https://opentuition.com/acca/aaa/relevant-accounting-standards-acca-advanced-audit-and-assurance-aaa you will see if Steve is in the bottom right hand corner.
  4. pickupe
    Thank you!
  5. SYED HAMZA
    A very comprehensive session. Thanks Sir!
  6. mnkandlathabo
    Wow! This was the most productive 1 hour i have had in the preparation for the exam! I beleive passing this paper will be as a result of these insights.
  7. KimTutor
    Thank you for your feedback - it is always very important to us - and particularly here when we are considering rolling this out to other Strategic Professional exams. If you haven't already done so, please also check out my "sticky" (starred) at the top of the Ask the Tutor AAA forum.
  8. Jessica
    Definetly a great and appealing strategy to get to students!
    We do need our answers to me critiqued this way, otherwise how do we learn?
    I have read read the mind of the marker but put aside as I didn't feel I gained much.
    I gained much more from this session!
  9. joy77
    Thank you
  10. Lee
    Much appreciated.

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