[archi604]

@fluencyleo said:
Pass. Just wondering if anyone came across the issue during the exam where – in Excel when you enter the brackets ( ) to show negative figures, it always automatically becomes a dash ‘ – ‘ ? Is it OK to use dash? What’s the best way to change to brackets automatically please? Thanks guys.

I always use minus sign for negative figures. No problem arose so far. You can also see it in CBE videos made by ACCA specialists. Putting brackets is not needed.

[archi604]

@saipm said:
Any tips for scoring good marks in FR exam?

Practice, practice and practice. I solved both BPP and Kaplan exercices 2 times, 2 BPP and 2 Kaplan mocks, ACCA past papers over last 5 years (at least), and read ACCA technical articles. Pass mark 80%.

[archi604]

Part b of first C question was about difference between proportionate and fair value methods of calculating NCI. This is the same question from June 2011 past exam 1st question part b.
And I read almost every question from 2010 to 2018 except this one. What a luck)). Who would think that?

[archi604]

I don’t know how examiners constructed this exam. It was totally unfairly distributed.

What was not altogether in exam:
Revenue, Adjusting events, Financial isntruments, Provisions, Inventory and more interestingly any questions about Statement of cash flows. This is almost half of the syllabus.

Instead: Loan notes, loan notes and loan notes everywhere.
If you have 2 paragraphs about loan notes in one of Constructive questions, what is the logical reason to have it in the second constructive question?

[archi604]

Hi, I have a question about this problem.

If we deduct 2 year’s service price of 800*2 and indicate it as deferred revenue, what happens to the cost of this service?

The way I understand it, if service price is included in revenue, probably cost of providing service also must have been included in the cost of sales. Question does not say about it openly though.

The way I solved it was to reduce cost of sales too by 600*2=1200.

So, I’d like to know where is a mistake in my judgement. Thanks in advance.

[archi604]

Hi, again. It seems that you forgot about this question. I have checked Kaplan 2019 kit too. Their answer is identical to BPP’s.

I also looked it up in BPP’s and Kaplan’s 2016-2017 revision and exam kits, in which their answer is not different from ACCA’s . So there must have been a change in the rules or in approach to this question from 2017 so that both Kaplan and BPP changed their answers.

[archi604]

Thanks for reply.
No, the text is the same. I have checked several times.

[archi604]

Thanks for the answer.

It may be subjective in real life when you come to the site and decide whether to impair further or not.

In my view, it should be clearly stated in the question. Otherwise, a student may follow your recommendation and not get any mark for the answer which the student thought to have answered correctly.

Even if we assume that there is place for subjectivity, there is no hint in the lecture about subjectivity. The tutor states that it should be so, period.

So, I would ask either to change the formulation of the mentioned OT question (which is easier), or revise the lecture to add point about subjectivity.

[archi604]

There was a couple of tricky questions.
One of them was in section A about market value of convertible bonds. The question was similar to September 2016 past exam question 11, with only major difference. Yesterday’s question provided after-tax cost of debt, not before-tax cost of debt, if I remember correctly.
As far as I remember we always calculated the market value of such bonds using before-tax cost of debt. I do not know what was the intention of examiner to include trick in such a straightforward question. At the end I chose 130, but I am not sure, it could have been 138.

Another one was about asset valuation in section B, if I remember correctly. Asset valuation question included goodwill, which you do not see much in questions.

Section question C was full of tricks. 80% issue with credit purchases and cost of sales. I am not fully sure about my answers, could have lost precious points there. In my view, this was the case for most students.

Exam questions were not well spread, there was no WACC question and no receivable management, quite surprisingly.

For future exam-takers, Open Tuition materials and textbooks of learning providers, coupled with past exam questions are just enough to pass exam. But you have to study the whole syllabus. I would also suggest to practice in CBE mock answer sheets. I noticed that some of students thought that this works as Excel. There are some differences.

However, if you aim for high marks, these are not enough. Even if you do all past exam questions, CBE mock questions, you will see tricky questions. I hope that they will include section C inventory-related question in past exam paper in coming month.

[archi604]

Questions were hard. Didn’t manage time very well. Expect something around 60-65%.

[archi604]

After submitting post, headings and figures got mixed up, though I wrote it in table format. Please just push the quote, then you will see the question more clearly, if you can’t understand it.

[Author]

Posts