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- January 13, 2020 at 12:05 pm #558350
@rimshy said:
Please all those who have passed give some guidanceThe is a lot of blood and sweat involved, As well as sleepless nights if you are working a full time job.
Get a BPP text and Revision Kit and practice every question in it, And just rinse and repeat. Over and over again.
Don’t feel lazy or take any chances, This paper is not a joke.I know many who have written it 9 times consecutively.
Hope this was helpful. And goodluck with ACCA.December 16, 2019 at 7:24 am #555974@annie.mwanza1991 said:
My someone please confirm if the first question in part B for multinetting we were supposed to be dividing or multiply…Hi Annie,
I am not sure myself about what i got or if i got a pass mark.
But i believe if we were converting other currencies to dollars, If the currency we are converting to dollars is a weaker currency we would have to divide by the dollar spot rate. then if the currency we are converting to dollar is stronger than the dollar the we have to multiply.
And i do remember the was only one Euro subsidiary and that was the only one we had to multiply to give us the dollars we needed.
But for the others we simply divide to give us the dollars we need as the dollar was the stronger currency.
Hope this is helpful. And hope this gives you some form of security than i have over the exam.
December 9, 2019 at 7:50 am #555524@willis1951 said:
This was a simple exam technically except for Q.3 but was unnecessarily time pressured with very few marl allocation!It seems this examiner has missed point of setting this particular exam because he seems more inclined to testing time management rather than the skills.Even in offices,you need time to think and analyze the problem and organize your solution before writing it out.In this exam,this was missed out instead questions were designed with so much details but with little time to assemble the information.I HAVE SERIOUS RESERVATIONS WITH MARK ALLOCATIONS IN THIS SITTING.TOO MUCH QUESTION REQUIREMENTS WITH MASSIVE INFORMATION WITH VERY FEW MARKS.LOOK AT Q.3 a)2 marks to calculate the net cash flow from restructuring,4marks to construct a Revised statement of Financial position following the Restructuring.!This paper was unnecessary time- pressured for no good cause!If the examiner has run out of good technical questions,he/she should step aside and leave a new examiner to take over the setting.THIS PAPER WAS PURE EXAGGERATION OF TIME PRESSURE.Candidates should be tested on a reasonable balance between technical aspect and time management.I will fail this paper not because of lacking knowledge but the reasonable time pressure created by the examiner asking too many small questions which require a lot of information for little marks.The examiner missed the point here.By the way,who is the current examiner for AFM?I agree to this entirely, I studied everything and knew how to answer but just time was an issue and my passing mark has been risked. And so when i left the room i just thought and it clicked i forgot to calculate the basic things and include the easiest of marks.
December 9, 2019 at 6:40 am #555516Feel it was a christmas gift as compared to the past sittings (march,june, september 2019) ACCA made this very easy for us this time and i blew it.
Was so time pressured and occupied with answering all the areas that i even forgot the basic 4 free marks the give just to put report, introduction and conclusion.
I feel if i had more time i would have guaranteed a pass. But due to time i am not even sure.
Even after calculating all the marks i am sure of, i am only getting to 41% but the rest of the marks i am so unsure where the will come from. Guess from here on out its just Faith.
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