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First attempt. It wasnt bad. As always, time was a problem though. ACCA should consider making these P level papers 4hrs long. I think I passed though
A replica of question 1
https://www.accaglobal.com/content/dam/acca/global/pdf/SA_aug10_examinerapP4.pdf
Was 3 hours sufficient for this exam???? I spent a total of 2 hr 10 min on question 1! I put so much energy and time into q1 that by the time i got to the choice questions I was mentally exhausted as well as pressed for time. Ended up skimming through the choice questions but hopefully the tonnes i did in Q1 as well as the very little i did in the choice questions will be enough to take me across the finish line.
I spent a total of 2 hr 10 min on question 1! I put so much energy and time into q1 that by the time i got to the choice questions I was mentally exhausted as well as pressed for time. Ended up skimming through the choice questions but hopefully the tonnes i did in Q1 as well as the very little i did in the choice questions will be enough to take me across the finish line.
I thought assertions were contained in the financial statements?? *scratching my head*
Tutor,please explain!With regard to item 12, I’m assuming the treatment of the uncorrected misstatements depend on whether the mistatements are material or not. So,in other words, the auditor can issue an “clean”(unqualified) audit opinion even if the FS contain a misstatement……….just as long as it is not material. But question is, why would management refuse to correct the misstatement? Maybe they would argue that the misstatement is too trivial to waste time on? And what should the auditor read into management’s refusal to correct the misstatement even if its immaterial?
Based on my understanding(i might be wrong) audit evidence is found through performance of Tests of controls and substantive procedures
Time management was my main prob for all four of my exams(F5,F7,F8 and F9) Maybe its because I’m an ACCA newbie and am not used to accounting exams that involve so much theory.
Demonic paper! It was blazing hot. Created by the devil himself. Straight from hell!
LoL @ complaining to acca about the exam! did the exam cover anything thats not in the syllabus? NO! So,relax,friend and start preparing for december re-write.im gona be doing a past exam paper every week til december.that shud at least get me a 50
@ rv,for 1b i wrote some junk about the co having to considr debt factoring and invoice discounting,cost of financing receivables,cost of discounts compard to interest on overdraft etc.i couldnt just leave a blank space,hey! lol
i have an ARREST WARRANT for the f9 examiner! he or she just commited a crime against humanity! lol. that was hot fire! question 1 was a complete disaster.2 to 4 wernt too good either.hoping for a major miracle,though
