[Bella]

So why do we not do the following:
Direct Control: 20
Indirect control: 70 x 40 = 28
Hence total control: 48
NCI: 52

and how is this different to https://www.accaglobal.com/content/dam/acca/global/pdf/sa_apr2010_P2.pdf

Thank you

[Bella]

Thank you both.

[Bella]

Thank you. Practicing revision kit and hoping that it should be a good source of last revision.

[Bella]

Hi,

If you read this more carefully, it says:

The interest rates on the high quality corporate bonds was as follows from the following dates:

31 Oct 20X4= 6 %
31 Oct 20X5 = 7%

This question is for the year ended on 31 Oct 20X5.So the rate that would be applicable would be 6% as it was effective from the 31 Oct X4.

I made the same mistake.

Isn’t that right @MikeLittle?

@sabyn1993 said:
Hello,

Not sure if it’s an error, but I would like to know.

Question SAVAGE about IAS 19 – employee benefits

It says in the question that :

Interest rate @ 31 Dec 2004 = 6 %
Interest rate @ 31 Dec 2005 = 7%

When unwinding the discount for the year, and even when calculating interest received on plan assets for the year, shouldn’t we take 7 % because it’s calculated at the end of the year ? The book says 6 % and I don’t understand why. Mistake on my part or on theirs ?

Thanks !

[Bella]

Thank you sir.

[Bella]

So does that mean that if I opt for INT variance I can still hold Practising certificate but just won’t be able to sign audits?
Will it be ok if I want to practice in future?

[Bella]

What is the difference between ACCA Practicing Certificate and an ACCA Practising Certificate and Audit Qualification?

[Bella]

Thank you for your reply.

I kind of made up my mind about P5 but I was looking at OT pass rates and ACCA pass rates/highest marks for these subjects it appears that P5 is more difficult to pass than P6.

I liked both subjects at F level and scored good marks. But also worried as OT does not have P6 lectures and I am self studying (thank you OT for fantastic lectures – I did not need any other support). So would it be difficult to read the text myself and be able to pass without any other support? I only have P2 left from the compulsory papers. Is P7 a tough task with P2 since it will be a lot of theory?

Please advise.

[Bella]

Regardless of what we have said above and even after reading all these material available the fact is I am still confused 🙁

Like some of the forums I read – people were talking on both fronts – why one should and should not take PC? I don’t get it.

Can someone please explain in simple words???

[Bella]

@mrjonbain said:
I think the services you could offer without a certificate would be severely limited and are open to interpretation.Basic bookkeepping gun trial balance seems to be allowed.Personally, I would suggest you try to get a practice certificate he possible.You also,in addition to experiential and qualification requirements,need to obtain professional indemnity insurance in order to acquire a practice certificate from ACCA.

See these two links below:

https://www.accaglobal.com/content/dam/acca/global/PDF-members/practisinginfo/ACCA_PI%20handbook%202013.pdf

https://www.accaglobal.com/content/dam/ACCA_National/au/mem/Practising-Certificate-factsheet.pdf

[Bella]

Thanks for your replies 🙂
Does this mean that without a Practicing Certificate I can not work as a Self-Employed? I don’t intend to work in Audit however I do wish to pursue a career as a consultant for accounts/tax services? Can I do this without the certificate?
How should I choose my options then?
Thanks again.

[Author]

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