[ajjajj]

Hi Guys,

first of all, I wish everyone the best of luck on Sunday’s result. in many ways, Opentuition has been a very good place to connect students from all over the world and , where possible they provide unconditional support. I think it is our turn now to payback and if you believe open tuition has helped and wish to make them stand out then, please nominate them for the PQ awards. a link and instructions can be found here https://opentuition.com/acca/

thank you all

[ajjajj]

Passed! thank you open tuition

[ajjajj]

@rdsn said:
I cannot.can you?

that wat i am seeing

if( document.getElementById(“p_affiliate_list”).checked)
{

return(true);}

else

{window.alert(“Please tick the checkbox.”);}

return(false);

[ajjajj]

@finale said:
I qualified 4 sittings ago and I still follow the link theory with a passion.Its has not once been proven wrong.All those who saw affiliate and tick box have passed their final papers and all those who havent seen the same have failed…..I say this with 100% conviction

thank you mate …. I hope this time will be proven correct too.

[ajjajj]

@ns1094 said:
I was a finalist in December 2018 & June 2019 (didn’t write in March).

During both those sittings I couldn’t access the link (showed as error) and did not see affiliate/member in my source code in e-business, but for the September 2019 sitting I can!

Hoping for the best!

Same here in June I was finalist too but could not make it. I did not see an affiliate in the source code nor was able to access the link. now I can so hopefully this theory work.

It better work hahahaha as i have accepted the dam thing and i have already celebrated. i hope i have not done that too early.

[ajjajj]

@claireday88 said:
I wish there was some F paper completion theories. It’s slowly killing me waiting to know if I’m part qualified or not. 4th attempt at FM and I really need a pass this time. Got 48% in June!

Hope this time you make it!.. I am waiting for the P4 result so fingers are crossed.

48% is a really close mark and if you were to think about you missed out by one MSQ. It is frustrating but all you can do at this point is to keep positive.

[ajjajj]

Hi all,

I am an ACCA finalist since June and waiting for the P4 resul. here is my experience with the theory link June sitting vs Sept. In advance, I would like to apologise if my comment is going to result in any kind of a disappointment to anyone.

June failed;

In the E-business site, I did not see affiliate in the source page rather I saw that my name was included in the mailing list. i.e there was two templates and they are if success get template etc the second one if error get a template. The interpretation of these two codes, in my opinion, that i was still in the student’s list who receives there results via email or a text message and my name was included to get an automatic message. when the result came out i received amial and text message to confirm I failed. I did not see the word affiliate in the source code and people who saw it confirmed they have passed. Also, I could not log in to this site https://portal.accaglobal.com/portal/page/portal/ACCA_PORTAL_PAGES/ACCA_STUDENTS

Sept result.

I now can see the word affiliate in raw and there are no templates if success or if error and can log in to the website above.

The only difference I can tell this sitting to the previous one. The word affiliate was in row 250 this time it is located in row 202.

Hope this helps some people who got lucky and for theos who can’t see word affiliate this all speculation and there isn’t anything offical as of yet.

[ajjajj]

Hi Earl,

I was exactly in the same position is you and it took me 6 months to get it signed off. First of all, you need to know that your supervisor is the one who can approve it and it takes him a matter of seconds to approve each objective. So if you were to think about it, it is a 5 minutes job

You need to stand your ground and being nice and wish he/she approves it anytime sooner it just won’t help. Ask to have a meeting and be direct in your request. Ensure to communicate in writing where possible and highlight the importance of your performance objectives. Also, say it is affecting my work performance and say you are not being valued as a team member. Honestly, I handed my resignation and did all sort of things from lazying around, came late to work etc to get it signed off.

Another thing if you can get a different supervisor all together that would be even better as some people are just nasty nature and don’t want others to progress so check around in your firm and if you can get a different one just do it.

Hope this helps

[ajjajj]

Finally pass 51%

[ajjajj]

@supermessiah said:
I now understand why you are arrogant.i work in the big four accounting firm and did my degree and MBA from top UK university but I won’t brag with it like you. Are you sure you are in London because you are immatured and a villager. I wanted to assist others to pass their SBL not a childish person like you. I won’t respond to u again because it will be waist of time. I will help responsible people.i wonder the kind of degree and masters you did

that just funny your somewhere eating chapatti. top 4 loser 🙂

[ajjajj]

@supermessiah said:
You are just a sadist. U are the only person who is getting irritated.it means it’s your nature and doesn’t respect.Am affiliate now because of open tuition and people comment on the forum that has benefited me. I was humble enough to take advice of those who has sat the paper so even if I don’t make it,i arm myself next sitting adopting their strategy.if it’s not important to you then those who don’t make it will benefit next sitting.infact I passed p6 because of somebody post and I took the advice and it even became my highest score before SBL. Learn to humble yourself and stop been rude because you are not the only one on the forum. Even though am affiliate now, if I had some advice earlier I would have finished the exams 3 years back
Thanks to open tuition someone advice made me an affiliate today you show your disrespect but I will do it for others and it becomes my small way of helping open tuition

If you are an affiliate what the F.. are you doing in here? this will indicate one thing and that is you are a LOSER who has no job and come here to satisfy yourself. go get a job mate. speaking of showing off affiliate my ass I have MSc and BSc from a London based university and work for the top 20s accountancy firm based in London. you can take your humble advise and stick it where the sunset.

[ajjajj]

@colmjulian said:
Ajjaj, you are being harsh
if he really got that score , then of course he should be able to help us
and delete your blank comment above

can you please let me know how would his comment help you at this point in time? what good his advice after the exam was over?

mate your comment indicates how pathetic you are standing for people who are buli<< about

[ajjajj]

@supermessiah said:
I scored 82percent last sitting.passing SBL needs a strategy itself. U don’t need to apply any framework to pass. Infact I have mastered the examiners comment and know knows where students makes mistakes and slip. If am to take this paper again I will score in the 90 nineties.if you use a framework you open yourself to some rest. The risk of using the wrong framework,the risk of incorrect application of the framework and the risk of spending time explaining the framework which is not required or trying to fix the framework to the requirements.if u don’t use the framework it makes your organisation of the answer difficult but you don’t get any extra marks. SBL is interesting if you know the trick.i became affiliate I’m December sitting only waiting to apply for my membership but my only challenge is how to complete my PER so am looking for anyone who has completed his PER so he send me. A. Sample as a guide to apply for. membership.when I see the questions I will be able to advice the best way to score high in this yours exams

Why are you here?? to show off. your comment is completely irrelevant to the subject matter. I scored high marks in both P6 and P2 that it does not mean I should go there an undermine other people knowledge or stressing them out.

[ajjajj]

,

[ajjajj]

question one I did PESTLE analysis as the question asked for analysis the environment in which the business is operating in.
question 2 the question asked to evaluate the strategic position so SowT was most relevant to this area

risk strategic, business and financial, also reputation risk was relevant

internal control weakness and recommendation

NPV analysis and evaluation of steady sales interest and cost of capital than what I come up with along with some sensitivity analysis

ethical issue related to the closure loss of employment and revenue income jobs etc throughout the supply chain channel and the reason not related to the sales but fail in strategy or strategic drift caused by the online market

integrated report

[ajjajj]

the exam was fairly easy. Missed up with a couple of questions, but hoping to make it.
question one used PESTLE, with one of five forces related and supported industry. NPV, question forgot to use the IRR and payback period as a comparison but managed to through some sensitivity analysis for both financial and non-financial aspects like 5 forces.
the press release was a relatively easy one.

both reports were easy.

the only one through me out was slid did not understand the requirements correctly so I did my best guess but the note was correct.

[ajjajj]

Many congs for the amazing performance.

I put so much work into it and yet failed with the lowest mark ever during my ACCA journey.

I did so good in P6 and P2 both first attempt, but this one took me by surprise and unsure where i went wrong.

would you please share your study technique. the do and don’t for instance.

what material did you use etc

appreciate your response in advance

[ajjajj]

yep passed first time 51% UK variant self-study

[ajjajj]

Hi Sir,

Are ISAs and other tax-efficient investments are exempt for capital gains and income tax?

I am confused as self-assessment is to report on profit and other income outside the PAYE but what about the income from ISAs and another form of this small income generated items?

[ajjajj]

That is good you started to see where you were going wrong and started to implement a correct approach and technique, and I hope you go through it next time.

With good will, that something I can’t help with as much apart from suggesting you watch the lectures in the open tuition, first ensure you know the basic knowledge summarise them on your own words there are 5 steps to consolidations, step 2 is good will ensure you know both methods, after you got the logic and basic idea hit past exam questions and start practicing when you finished checking your answer against the examiner answer and see where you went wrong. then stand back think for a second what are is the reason ? is it related to basic knowledge if yes then go back and ensure your basic knowledge is corrected? is it because you are doing the same mistake? yes, you need to work out a way of not doing the same mistake again. is it because something is new? learn it and try to adapt it to smiler situation in the future. but certainly, cant help if you are doing mathematical errors

my final peise of advice is to make sure you know the definitions of assets, liability and provision.

[ajjajj]

the following is quoted from your words “And in the case that I do not know which the standard part of question is asking, how do I approach the question?”

clearly you are not the only one who makes this type of mistake as I remember the examiner made a comment regarding the same issue, particularly with a review IFRS15 , He said many students rewrite the 5 steps when a question ask about the review.

when you have a question to do with review ask your self is it single transaction? is it a bundle? is the timing is significant? has the legal title and ownership of the assets being transferred to the buyer? is the company selling a service, physical assets or acting as an agent?

lets say the company sold physical assets, then immediately you should know this is a single performance obligation and revenue should be recognised in full when the legal title of the assets is transferred full mark guaranteed and if you say anything else you have wasted your time and gain no marks for additional information.

now think of service, car dealer sell cars and warranty, an important point to note the dealer can sell the product either separately or complained so it is a bundle you need to say this is a bundle, 1- identify the performance obligation warranty and car,2- what is the price of the transaction is calculated based on the standalone price. the part of the review related to the car is recognised when legal title is transferred, the review related to the worthy is recognised on the accrual basis, where the deferred review is created and recognised on a monthly basis or at the year-end adjustment write the journal entry for all transactions. Full mark too.

think of service, is there a contract yes, how much is it ? how much review is to be recognised, a real-life example I used to work in an accountancy practice in the UK we had a client who sells tech service like app provider and takes ideas turn them to tech and programming. most of his contract is over 15 month as testing etc, so sometimes he get paid in full.

who to recognise this at the year-end?

1- there is a contract, service contract
2- the review should be recognised as and when the contract obligation is satisfied delivery of the job.

provide the journal entry you will be fine.

think in the exam I remember, car dealer leases cars, cars i bet many students full into his trap when he said no depreciation is recognised.

cars are his inventories ISA2 valued at lower of NRV or cost, then at the sales in line with IFRS 15 there is significant finance elements, IFRS16 it was financed lease so assets must be derecognised upon sales and creat investments in lease assets and recognsie the review on a straight line basis.

see with the cars how many standards were there? IFRS 16, 15 and IAS 2 how many marks were there 8 marks if you wrote 2 sentences from each standard then guarantee you will score full mark.

[ajjajj]

I think the problem is, there is no one out there can give you an answer to your question in term of the how much you need to write in order to score good mark.

Here what I did, one relevant point per mark, but you may ask what is a relevant point?

the point has to be concise informative drown from the standard itself.

Think of financial reporting as being Statement of financial position SOFP and profit and loss P &L.

SOFP has the assets and liabilities
P&L has income and expenses

what you need to know is the definition of assets and liability for the balance sheet.

think of intangible assets ISA 38 what you need to know and what are the relevant points? assume company bought a licence to fish in the sea for 4 years.

from the definition of the assets you always can get 2 points.

1- Assets is controlled by the enterprise as a result of past event invoice or you pick up information from the question indicating that the company bought the assets, for example, the company paid the government money to obtain the licence.
2- future economic are expected to follow into the enterprise, using it to fish and sell the fish.

the standard itself.

recognition and measurements.

how can you measure it? purchase price plus direct costs in accordance with the standards what are the cost and what is the total value to go to the balance sheet?

subsequent measurements, amortisation over its useful life on a street line basis charged to P&l

disclosure, what are the disclosure requirements disclose the value of the licence and remaining and amortisation policy.

now you think of a liability.

what is the definition? how can you measure it? what is the subsequent treatment ?

let’s say provision, a present obligation arising from past event, this will cause an outflow of cash, ISA 37 and any other liability, such as redundancy, creating a valid expectation.

future dismantling cost, measured using present value and then unwind it as a finance cost.

with P&L items think of income IFRS15 and expenses accruals matching principles employee benefits, for example, it need to be expensed over the service cost.

[ajjajj]

Hi Browen,

I came across your comment and am sorry to see you are struggling with P2, I do not want to take Chris part but I will give you my advice as an ACCA student who pass 71 first attempt and by the way I have struggled with P1 and was looking for any sort of help especially from a student point of view as what I should do to clear it.

here what i did I relied very heavily on open tuition and Kapalin revision kit along so much reading around particular topics, lease revenue etc, I read lots of articles published by PWC and EY as they gives more details than any textbook out there.

You need to know your knowledge very well and know how to use it, the question scenario will never give what standard to use, also each scenario will indicate or gives hits and you must be able to pick them up from the scenario. for example, the scenario might include something the company is doing wrong and therefore might be sued or a legal penalty might be imposed- this clear indication for ISA 37, if the event took place prior or after year end this is an indication to ISA10. might be an adjusted or non-adjusted event.

In your answer, use the words because a lot as you need to bring the scenario into your answer, take the following example, PPE ISA16 requires capitalising initial cost pluse all direct cost to bring assets into its usable condition.

for example, ISA 23 borrowing cost, when it needs to be capitalized? the scenario will tell you dates and what happened only- your job is to pick the correct dates from the question and say the following; the company xys need to capitalise the cost from x date to x date because in accordance with ISA23 the borrowing cost need to be capitalised, and stop capitalise them on X date because in accordance with ISA 23 borrowing cost need to stop be capitalised in the earlier of 3 occasions hence xys need to add this cost and amortise them over x years

hope you have got the jest of what I am trying to reach to you.

try past exam question and try to establish a logical reasoning of the examiner question and answer why the examiner provided such answer in wide details how and why did he link the question to answer etc.

with consolidation, nothing can be better than question practice, your best shot is watching the open tuition lecture and then try past exam question keep doing the same question over and over again untill you master it and yes the same question does not memorise- I know it is not a pleasant feeling but you need to understand rather memorise or rely on luck

best of luck and I hope my advise will give you some sort of a frsh start.

[ajjajj]

71% first attempt thank you opentuition

[ajjajj]

Thank you very much, Sir, for the concise answer, Indeed I have watched your lectures and could not fault it at all. your time and effort are very much appreciated.

[Author]

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