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arm2250 wrote:I don’t think it’s the detail or information that hard about sbl. It’s that there no right answer therefore hard to improve compared to say tax when either done it right or wrong. Most of it’s subjective and essay writing.
Thats the same thing I feel for AAA due to which I often think that my decision was wrong I should had taken tax instead of AAA but now nothing can happen due to limited time
I know I’m going to fail but still feeling anxious that these 9 hours should pass soon.
arm2250 wrote:Not long to go now. If I don’t pass sbl today I don’t think I’ll pass it ever which is very scary
Don’t say that. I said the same thing about AAA in last attempt because of great performance and I failed at 47 🙁 and this time I performed too bad in AAA and expected to fail :(((.
Anyways best of luck to you
mahimhossain wrote:ahhh… cant even think straight…. i want to study but my mind says study after results -_-
Hahaha. Me too. Failed last exam AAA 4 times before and this time also not expected to pass, still not studying and thinking after result.
orlagh wrote:Sbedm – thanks for the positive comment.
After 11 years I’m finally waiting on my final exam results, APM which is a resit. The anxiety waiting on results is definitely as bad as before the exam. I wish ACCA would consider releasing exam results on a Friday or mid week.<br>In those 11 years there has only been one case of ACCA exam results being released early. A system glitch on their side I presume and the portal was closed down fairly quick after.<br>Best of luck to everyone getting results!I have even written to ACCA to release on weekened rather on first day of week as the whole week gets very disturbed in case of failure so there should be atleast 1 day for absorbing the shock but nothing has been implemented till now.
I’m waiting for my last AAA exam result for 5th time. No hope to pass though but please pray for me all if some miracle happens by GOD as its my last year of registration
mirzamonster wrote:AAA-INT Version, does anyone remember what did they write in Q3, can’t remember anything.
Where did DB scheme or actuarial valuation was tested since I don’t remember IAS 19 so maybe I’m unable to identify
I also think like that four times before but not this time as my first three attempts exam technique approach was wrong just like my this 5th attempt, only in my last 4th attempt fortunately I was able to complete my exam with right exam technique so I was hoping to pass but don’t know even after completing its on luck as I failed at borderline so unexpectedly, though aware of my mistakes and errors later on..
No hope to pass. Last time attempted 92 and got 47. And this time only 75 with average answers. This paper really stucks me from affiliation since 2 years.
@alex145 u still have doubt of passing. U have identifed all major audit risks and other answers are commendable too. Unlike me who has identified half risks through scenerio and half just assumed like foreign exchange transaction/translation risk, disclosures relating to legal case, revenue derived from each offer should be allocated seperately which may not be required
@alex145 Thank God it didn’t happen to me throughout my journey though it was long due to break. But what didn’t happen can happen now as this is my last exam. Feeling scared
@alex145 This time you are going to score 70+. And I wonder when people say that we fail at 48 or 49 because whether I fail at 45 or pass at 50. I never score above 45 when I fail. Though when I pass at 50 I always thought that they conpensated me I may have score 48 or 49
@alex145 still I will get only 1 mark for that. The rest of the issues that I wrote were irrelevant so If out of 70 marks paper which I attempted 10 marks go incorrect. I left only with 60 marks to obtain 50 marks. 🙁 But your all answers are excellent. Since everyone knows knowledge wise but I wonder how you guys able to extract all information throughout the paper in alloted time. And yes last attempt was more easy as there were a lot of materiality marks unlike this paper but I failed last time too by attemptinglg only 62 and getting 44. Hoping to fail at 45 this time too. Pray for me
@alex1425 In 1b I go completely wrong
I wrote risk and materiality are opposite so the amount should not increase as risk is increasing due to losses plus switching on assets not preferred. Also going concern issues F/S may be prepared on an inaccurate basis.
Self review anf management responsibility threats and safeguard due to payroll. Also sufficient appropriate evidence not obtained
Integrity of management sale may be on non-commercial or favorable terms.
By looking at your answer hoping to fail now as according to you payroll is mechanical and in 1b there was familiarty threat as I remember there was 8 year relation so you are right.
I have to start my preperation again for June attempt as I will be in 40’s :((((
@alex145 said:
Question 1a
Management basis creative accounting
Operating segment for Daryl co as assets over 10% of total group assets
Amortisation on licences should be separated out 3,4,5 years
Related party disclosure failure to disclose sale of property to ceo
Risk in that statements due to Daryl operating different regulations
Risk in reconciliation of I tercompsny balances due to different year end
Goodwill should be impairment Daryl actually operating at a loss
Revenue recognition incorrect as performance obligation not yet satisfied therefore 1 months worth of revenue overstated possibility in prior year.
Ifrs 5 sale of discontinued non current assets the property that is unused may not be recognised correctly I.e depreciation charged when should be. Does that sound near enough them all?
@alex145 kindly tell what did u write in 1b for ethical issues and audit strategy responses@lazyali you And me almost wrote same risks but there are other imp. Risks that we miss. Anyways these will also give us marks hopefully. But my question was does anyone realize the same ethical issues or threats in 1b and 3b as I wrote almost same so I wonder that I may have gone wrong somewhere that were self review and management reaponsibility
@alex145 said:
Question 1a
Management basis creative accounting
Operating segment for Daryl co as assets over 10% of total group assets
Amortisation on licences should be separated out 3,4,5 years
Related party disclosure failure to disclose sale of property to ceo
Risk in that statements due to Daryl operating different regulations
Risk in reconciliation of I tercompsny balances due to different year end
Goodwill should be impairment Daryl actually operating at a loss
Revenue recognition incorrect as performance obligation not yet satisfied therefore 1 months worth of revenue overstated possibility in prior year.
Ifrs 5 sale of discontinued non current assets the property that is unused may not be recognised correctly I.e depreciation charged when should be. Does that sound near enough them all?Whar did u write in 1b. Also tell about 3b. As i felt same ethical issues in both questions. don’t knw whether my judgement was right or wrong. Also discuss other answers too as very less candidates are discussing answers of AAA here as compared to other optional paper exams. Don’t know why?
Well very few candidates discussing answers here. Hopefully the result does not become a disaster. I’m feeling very worried. I attempted only 70 marks.
What did you write in 1b? And also tell I find some same ethical issues in 1b and 3b? Don’t knw whether I was right or wrong in my judgement.
@jcbacca said:
Of course i remember you! Im extremely happy for you congratulations! Now you can relax ans focus on your degreeYeah.. Thanks! And Congratulations 2 u 2. U scored very well.
ALLAH saved me. If i fail in this attempt my family has strictly said me to leave ACCA. but ALLAH did some sort of miracle and passed me at 51% despite of me being hopeless this time… Now only one paper left Advance Audit & Assurance..
@jcbacca said:
66 %.. not as high as i hoped, but glad that i am finished. Good luck allI passed also @ 51%.. Didn’t expect at all. Remember me?
@thandi8 said:
Omg yes I thought I could do Q1looked good until I started I even left 3 coz I thought one was good wasted too much time tgat my q3 was speed gameYeah Q.3 Left with less time and wording was difficult. and scenario was long
@aishling82 said:
Questions are sooo confusing!!! Why intentionally make it hard to even figure out what they’re asking??Yeah new new words smoothing welcome/unwelcome.. lease income securitization instead of debt
It could be pass only If
My prediction:
Q.1 a- 5/8 6/8
bi- 6/7 7/7
bii- 8/15 8/15
biii- 2/5 2/5
biv- 3/6 4/6
professional marks 2/4 4/4
c- 1/5 1/5Total: 27/50 32/50
Q.2 a-13/16 14/16
b- 2/4 2/4
c- N/A (Not Attempted)Total: 15/25 16/25
Q.3 a- N/A
b- 1/10 1.5/10
c- N/A
d- 0.5/5 0.5/5Total: 1.5/25 2/25
Total: 43.5/100 50/100.
