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Failed AAA & SBL in September, I was inconsolable… but I’ve passed both in this sitting & now finished. Be strong & persevere – you will get it next time!!
62% on 2nd attempt with the help of OT !!! I’m finally finished ACCA – never thought this day would come. To anyone who has failed, be strong – you will get it next time!!
This was my second attempt. I did find that there was a lot more information to work with compared to the sept exam. However, trying to understand exactly what the examiner wants you to do is the trickiest thing about SBL. I don’t believe any of the previous specimen or exams can ever fully prepare you for these each exam sitting. It is a lottery. Other than BCG no other theory was really tested. I’m hoping I have applied myself better in this exam compared to September, but god only knows!! I really think that there is one to many questions in this exam. There never seems adequate time for Q4.
Just didn’t have enough time for Q1 – so much info to digest. Definitely missed a lot of audit risks – thought I’d have time to go back. Just didn’t want to jeopardise the rest of the paper. I thought Q2 was ok. Just wasn’t sure about the lack of information in relation to the legal case. I said it should be disclosed, it it wasn’t disclosed it could be adverse opinion & possible disclaimer if no further info could be received? It would be detrimental to the business. The first one was qualified and the second was not material.
I felt that the exhibits lacked information compared to other exams. There was minimal information on competition, organisation make up etc. I felt I was attempting to answer questions with no real basis to relate to the senario.
The slides were a joke with bullet points with no substance. Surely if ACCA want to test our commercial acumen they would make it more realistic?
Imagine a business advisor going into Lindt with the information provided & being asked to compose such reports? I doubt it very much!!
Did it not say in the question that the two orders could not be done together? They could only do one or the other and not in parts? Therefore there was unused skilled labours for both, 16,000 remaining with excelsior and 6000 with BB? Both have the same contribution per labour hour, but obviously BB gave a higher margin as it used more labour hours
24 marks for audit risk was crazy!! Discontinued operations & joint ventures – wow. Very different scenario to any past papers
I passed on my 2nd attempt!! A really difficult paper for me soo happy to have it done & dusted. ??
Q2 Interest rate risk: FRA, Futures & collars
Q1 Change of capital structure with bonds. Calculation government yield, bond valuation & yield. New asset beta & cost of equity etc. No similar past papers like it.
Q3 potential merger/ acquisition of 2 different companies. FCFE figures provided no cash flow calculations.Q2 was probably most predictable and similar to other past papers. The other 2 were challenging!! No investment appraisal or fcfe calculations
There was no investment appraisal Q anywhere. I thought that investment appraisal was standard to be asked somewhere? Small 5 marks on Q1 as to why they should appraise using APV. Happy that interest rates came up & only studied bond valuations and yields the other day so that was ok. Other than that I got completely lost In Q1. Q3 was a head wreck & had no time to even read it properly let alone figure out what was being asked! I really hope I don’t have to sit this for 3rd time, but doubt I got to the 50%
Questions are sooo confusing!!! Why intentionally make it hard to even figure out what they’re asking??
I cannot understand the logic of having exams in the first week of the month. This is the busiest week for anyone that actually works in an accounting role. It is causing unnecessary extra stress for students. The fact that the majority of people have voted the first week baffles me!!
Any week other that the first week would surely make more sense. Just goes to show that ACCA don’t look at those surveys we fill out every quarter!Passed 52%. I’ve never been as nervous about receiving results. That was a tough exam!!
The 2010 question is not really the same thing. It is on joint probability, just not on investment appraisal. What I have learnt from this exam is that you really have to 1. Know the syllabus inside out 2. Don’t rely on past papers/ revision kit 3. ACCA are a company who need resits to keep making profits!!
Joint probability was a shocker! No normal investment appraisal question. I was banking on section C – but now it looks like I’ll be back again in June.
Passed today with 67% – so relieved!! I got completely confused on one of the long questions on investments etc. But I found the short questions very straightforward. I bought the practice exams on ACCA and found them a lot trickier than the real exam. At 8pm last night I finished my last practice exam with a score of 35%!! So don’t let these disheartened you. Practice, practice, practice from your revision book!
I’ve F4 next – but I’ll start after Xmas. Best of luck everybody & most importantly thank you John for your brilliant notes & lectures!