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Think of it as an opportunity cost. If you settle a subsidiary in the foreign country, then you stop exporting there and obviously lose those earnings. I hope that makes sense.
I get what you feel, had the same problem. My advice is just watch the OT video, everyhting is explained in an easy and simple way.
I have excluded p6 because there is no tax variant for my country.
I went through the forum, checked out past papers, gathered up some info, finally decided to go with P4.
You are right with the third query. I’m thinking of moving on to the financial management after the audit role.
Regarding the wordiness, guess I will need to adapt and change my study/revision technique.
Thank you for the advice, you’ve been very helpful
fail with 44, thought would pass slightly over the borderline. It was my first ever P level exam, gotta change the revision technique and move on with the new paper
Hey mate,
I personally attempt 2 papers each exam sitting, usually combining wordy exams with numericals ie F7 & F8. For me, study hours for the exams vary a lot, for example for F8 I didn’t invest much time because I’m working in an audit firm, I was already acquainted with audit assertions, audit procedures, audit report format, etc. However I really invested lots of hours and effort for P3 paper (hope I’ll pass, waiting for the results next monday). So how many hours to invest really depends on your personal skills and experience with each paper topic.
Regarding the revision and remembering stuff, I purchase revision kits from BPP and the passcards. Why I prefer BPP is because you can purchase an ebook, download it to your phone and revise the topics anywhere anytime ie when you are commuting, stuck in traffic, laying in bed, etc. Ebooks also come cheaper and environmentally friendlier). Solve and analyze as many questions as you can from the revision kits, read the ACCA technical articles and sit mock exams prior to the real exams, you will find 3 mock exams in the revision kits.
Try to understand the raw logic behind each topic, compare with examples from real life experiences.
In order not to get demotivated, dedicate some time to your hobbies, exercise in the gym, travel, play music etc.So what you mean is, on acquisition IAS 38 limitations kind of lose their power and we follow IFRS 3. Since we identified the customer list at its fair value, we can pull it out from goodwill and present separately. Now I get it, that makes sense. Thank you very much sir.
This bothered me too for a while. There were people telling me to sit f7 before f8 but then there were people who told me that f3 knowledge of FSs was enough for f8 and there is no need to sit f7 before f8. Well, finally I have decided to sit them both in one exam session.
