[aurianne04]

Kasonde12, would you please kindly send me your notes and the spreads sheets that you used if possible. my email is aurianne04@gmail.com
THANK YOU VERY MUCH

[aurianne04]

failes with 33%, In God’s name, i hope to make it in June 2012

[aurianne04]

just to conquer what has already being said, it was a relatively easy paper, but time was a major constraint, I pray to God for a 50% not 51% but 50%. It was my first attempt and i hope it will be my last. In Jesus Name I pray.

[aurianne04]

i would be grateful if all those who scored so highly could give us the secrets to passing this paper as i would really like to pass it second time round

[aurianne04]

Failed miserably with 27%, what’s the secret to passing this paper? 🙁

[aurianne04]

Pass 50% on first attempt and self study… Praise be to God

[aurianne04]

Thank you almighty God for my 54%, would have been happier with 50%…. thanx a zillionth

[aurianne04]

Lord, i just need 50%, no award winning prize please. JUST 50%
HOW MUCH LONGER AM I GOING TO CARRY ON FEEDING ACCA WITH MY EXAM FEES…I need return

[aurianne04]

I am hopeful…Please almighty God…i need a pass

[aurianne04]

i think P6 is about what you know and not how much you know…… it a lottery basically which i hope to win , lol

[aurianne04]

I didnt enjoy the paper but as always i live in hope and i live everything in the hands of the Lord

[aurianne04]

got 50, can’t complain

[aurianne04]

failed with 38, was hoping for a narrow pass… but given the nature of the paper, i am not too disappointed

[aurianne04]

i’ve finally passed this paper with 61%, hosanna in the highest

[aurianne04]

Didnt understand q1b and 1c hence only work on 65, what are the chance of me getting 50%?? I live in slim hope 🙁

[aurianne04]

Questions 2 and 4 were ok but did only question 1a, my mind froze i couldn’t figure out what the examiner wanted from 1b onwards, contextual factors? i live in hope if not anything, where were the financials data that are so always heavily given in q1, how long was the case? i was expecting a bible of data….looking more like a fail. i’m really disappointed about question 1b and c

[aurianne04]

@Yazdavies: thank you as you just cheer me up

[aurianne04]

i think it was ok, the requirements just needed translating into proper english as the questions weren’t straight forward coming…I leave in hope

[aurianne04]

@derrickagyiri, hope what i am about to tell you makes you feel better……Are you ready?/// ready???
I sat the wrong stream, i have been studying for International while i was registered for UK, so imagine my shock when i was looking to calculate NCI goodwill and i could not find any info to do so.
i attempted the whole paper as if it was international, i aint got a clue about the differences between the 2 streams but i’m fuck up, i think

[aurianne04]

B/F > C/F i.e. tax payment but when b/f

[aurianne04]

Thanks Mike, but it all the questions i attempted, both carried forward figures has always being higher than b/f balances, and it wasn’t a tax refund… i’m still slightly unclear 🙁

[aurianne04]

thank you

[aurianne04]

v) URP TO BE DEDUCTED FROM W2 AT CONSOLIDATION

[aurianne04]

What is the date of acquisition?

i) FV Excess at acquision £20m; FV Excess at consolidation date £4 +£20

ii) if acquisition date is 30 september 2004, then there is a 5month gaps between acquisition date and consolidation date i.e. 31 March 2005; then

interest= (60x (1/((1+r)n)) – 60, r being the interest rate, n in 5/12months

iii) under working 2, brand value at acquisition and consolidation date is 40m, with depreciation of £4m written off at consolidation date

iv) since directors have no confidence that the project will be successful and have measurable outcomes, then write the whole project cost to I/S

V) URP= 6X1/3=£2M
VI) HAVE TO APPORTIONE £22m as per % of acquisition, e.g. if P acquired 80% of S, THEN YOU WILL CHARGE 80%X22M=17.6M TO CI GOODWILL, 20%X22M=2.4M TO NCI GOODWILL; NCI GOODWILL FIGURE WILL BE ADDED TO W4 (NCI); CI GOODWILL IMPAIRMENT WILL BE DEDUCTED FROM W5 RETAINED EARNING

I’M SURE I HAVE GAPS OF KNOWLEDGE IN MY ANSWER, PLEASE FEEL TO EDUCATE ME

MANY THANKS

[aurianne04]

Got 30, frankly I have lost all hope of ever passing this paper. I did pass F8 but failed P1

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