[alisharifazadeh]

It depends on your experience/expertise.

Since you’ve enjoyed an exemption, so we can say you have a degree in accounting or a similar field. With this in mind, I can say yes, you can self-study at least some papers.

F4 is to begin with. It’s very simple and non-computational.

Regards,

Ali

[alisharifazadeh]

It all depends on your own preferences my friend.

With CIMA qualification, you should be looking for a business employer to hire you, as you will be a management accountant who delivers highly sought-after advice to the management of the company.

With ACCA, I think you’re better in tax/audit fields and practice. You can become an independent auditor and/or tax consultant and a varied category of clients, from public listed companies shareholders for audit to rich people for tax planning/advice, might well seek/hire you.

In a nutshell, if you want to become a management accountant go for CIMA, but if you want to become a financial accountant/auditor/tax consultant, ACCA is the right qualification to pursue.

I wish you all the best,

Ali

[alisharifazadeh]

@cherishash said:
how u get 90 marks???do u have any studying skill???can u share with me ???

Greetings,

I self-studied all the material using BPP text book and OT notes. No big deal IMO.

And again, does this mean that I’ve gotten 90 MARKS or 90 PERCENT? I have received just the e-mail from ACCA.

Regards,

PS: A point about reading F1 (and may be F4 and any other non-computational paper) is this: try to skip the hard parts of the material in your 1st attemp. Assume that you’re reading a novel, like ‘Alice in the Wonderland’. This way you can read up to 100 pages a day. Then begin studying hard. You’ll notice that even the material you didn’t really try to memorize in your causal reading looks way easier.

Good luck!

[alisharifazadeh]

passed with 90 mark.

[alisharifazadeh]

Passed with 90 mark

[alisharifazadeh]

I passed with 81 mark.

A question: is this 81 mark our of 90 or is it a percentage?

Thanks

[alisharifazadeh]

Thanks for the prompt response.

Ali

[alisharifazadeh]

Thanks for the answer ansi.

Wish you good luck!

[alisharifazadeh]

Thanks for the answer ansi.

Wish you good luck!

[alisharifazadeh]

@ansi said:
Yaaaayyy! 🙂

I’m happy that most of you just sat or are preparing to sit F2, it will be so good to study F5 right after F2.
That’s why i’m revising F2 now 🙂

I’ll start preparing shedules and will negotiate them at the beginning of January 🙂
We wil start early this time , it will be better for everyone.

Great news, ansi. So, is it also good to take F7 right after F3 as it is the case with F5 and F2?

I plan to take 4 papers for June. Which papers do you suggest me to take after having passed knowledge module?

And regarding your idea of commencing the sessions earlier, I really couldn’t agree with you anymore. It’s a great idea, since we’ll pressure ourselves positively to plan our studies sooner and better.

Regards

[alisharifazadeh]

Thanks ansi,

I think I will pass all of my papers (F1,F2,F3). For June 2011, I plan to sit for F4,F5,F6 and F9. So I will keep you company -)

Regards

[alisharifazadeh]

@ansi,

I really hope that you pass this paper, pal. I certainly enjoyed your great contribution to the OT’s community via initiating & managing the ‘study sessions’ on F3 which provided a lot of useful tips for us. I definitly enjoyed them.

Good luck,

Ali

[alisharifazadeh]

@egyayaw said:
the one related to stock exchanges and public companies

I didn’t notice such a question in F1 exam. Are you sure about that?

@marypromise said:
The exam is ok. For unemployment arising from a permanent fall in demand of a coy’s goods i chose Cyclical. Can somebody tell me about Hand’s Power culter?

The answer was ‘structural’, as it was related to changes in industries.
About ‘power culture’, I remember that the correct answer was (a), as it highlighted the role of the main founder/entreprenuer in decisin-making.

Regards

[alisharifazadeh]

@egyayaw said:
who can tell me the answer on the question related on the corporate governance question

Corporate governance? which one?

[alisharifazadeh]

@egyayaw said:
hi about the function of AUDIT TRAIL can someone tell me the answer?

I chose the option that said: ‘to verify the information….’

[alisharifazadeh]

@pritishamnani said:
hi, i think for audit it is responsibilty of board of directors, if i remember the options then this one is true

Hi,

Yes, there was an option which said: ‘board or a board committee’ and I chose it. I chose at first the choise which said: ‘senior non-executive director’ but changed my mind after a few mins.

Also about ‘manipulating the dpereciation amount’ (Question 1), which one was correct as a consequence of coming it to light? I chose ‘prosecution of directors’.

Regards

[alisharifazadeh]

@arpita said:
hi!! my name is Arpita Patel. I am based in kenya;. I start my acca for june 2011. F1-F3. Could i please get the study material from anyone please

https://www.bpp.com/courses/examination-courses/accounting–finance/acca/study-materials–support.aspx

[alisharifazadeh]

@akunme said:
The exam was fair.who knows the answer to this question,”what type of unemployment arises from a permanent fall in demand of a coy’s goods.” is it structural or cyclical unemployment.

Hi,

If you mean the question which appeared in F1 exam, it is ‘structural’.

Regards

[alisharifazadeh]

– About a question on ‘supra-national legal authority’, the correct answer was WOT or an accountancy body?

– About IAS and IFRS, was it true or not? Since it said the IASs ‘are being added’ to IFRSs, I thought it should be wrong.

– About ‘team briefing’, which was the correct answer?

– About audit, the responsibility falls on whom?

Thanks

[alisharifazadeh]

Anyone knowing where we can find the questions?

[alisharifazadeh]

Hi,

I think the paper was OK, but harder than I imagined.

Regarding the ‘relevant duty for procurement manager’, I chose the JIT system, because all the other options were unrelated to ‘procurement’ whatsoever.

Regards

[alisharifazadeh]

My last post was all about that 160,000 expensed in that 10 year period.

Regards,

[alisharifazadeh]

@ Mike

With due respect, I don’t think you have added much insight into the already solved mystery. There has been no ‘missing 160,000’ from the beginning.

In my first post (https://opentuition.com/groups/f3-financial-accounting/forum/topic/question-on-depreciation-and-revaluation/?_wpnonce=c7e3d9aa5f#post-48534) I just said that the 160,000, with its allocation being the core of Cheezah’s problem, had already played its role in deciding the amount of ‘revaluation reserve’. Let us review it again:

If we had not been reducing the annual depreciation of 16,000 from the value of building from our books, then at the time of revaluation we would have valued our asset at 800,000, right?

In such a case, our revaluation reserve might have been:

1,000,000 – 800,000 = 200,000

But since our value had been being depreciated at 16,000 per year, then the NBV of our asset was just 800,000 – 160,000 = 640,000, thus we creadited our revaluation reserve by an additional 160,000 up to 360,000. In other words, that 160,000 didn’t vanish into air, but actually contributed to our revaluation reserve being enriched.

So the problem of our expenses equalling 1,160,000 is also solved. We had paid 800,000 to aquire the asset, true, but why are we forgetting the fact that by paying just 800,000, we had also a revaluation reserve of 360,000 as well?

So:

800,000 + 360,000 = 1,000,000 + 160,000 = 1,160,000

Regards

[alisharifazadeh]

Thank you Mahdi jan,

I now have a clearer understanding of the VAT system.

Regards

[alisharifazadeh]

Greetings mahdi jan,

I just managed to know that how indirect tax is calculated using the VAT formula. But any input from you is appreciated, as always!

Regards

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