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Also, first time pass with 70% – now an affiliate and it feels great.

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passed with 62 – one more paper to go

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I found the exam really time pressured and the level of content really difficult but managed to answer something on each part – though scoring marks is another thing altogether.

I had to read question 1 at least twice before the panic subsided and was able to assess a few business risks.
The risks identified were mainly around the foreign exchange, expansion, brand not performing as expected
Risks of MM – IAS 21 recognition, Receivables could be overstated, Revenue recognition with the health plan, and impairment of stores purchased

I have read a lot of comments and I think I misread the deferred tax question -I didn’t think the business had changed significantly.
6 marks down the drain I guess 🙁

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Thank you

[Author]

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