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stay up for sure. And either way it is difficult to sleep after.
Will either be too excited to sleep,
or want to punch something really hard before sleep
Just think that in just over 10 hours……………….
you will see the email pop up and get that wierd feeling in your stomach……………before opening the email and scrolling down the screen slowwwwwwly…….and then….who knows!!!
Too much suspense!!
ugras05- It is very nervous knowing that exams could be over with!
All the best for your results!
Very nervous waiting for results here!
I have always been fairly sure on how exams have gone.
This time Im waiting on final 2 papers, P6 and P7 and genuinely got no idea how I have done. Just hoping I got 50’s instead of late 40’s!!
Questions are up on ACCA website
The more I look at the questions, the less confident I am of passing.
Question 1-
I still dont know what was required for the capital allowances question?!?!I did ‘ok’ workings on the rest but my summary on whether to disclaim incorporation relief was muddled and rushed and wasnt very conclusive.
Question 2-
(a) was quite basic, and should have picked a few marks up. No AEA etc, but surely everyone would have picked them marks up
(b) was a mess for me. Not entirely sure if I wrote anything for ‘close companies’ due to time pressure. Wrote about three lines on transfer pricing rules, but only basic points, i.e. transactions should be at arms length
(c) very rushed, and did bullet points. Even then got the facts wrong, I wrote 11 estimated payments and a balancing payment at the end. Did get 1.35m turnover correct but that was about it!!!! Rubbish reallyQuestion 3-
(a) some of my working should have been good here. But forgot to use husbands unused NRB so lost marks there(b) only picked up a few marks here. Wasnt particuarly strong on EIS. Stated that the gain will be frozen until subsequent sale of shares.
(c) Really poor answer! Stated that there would be restrictions if some benefit is retained. And that only exceptions were a change in circumstances, i.e. donor becomes ill. Did touch on commercial rent as well
Questions 5,
(a) (i) conditions were the only part of whole exam I was 100% sure on!!!(ii) did ok here. Had a mindblock and decided to calculate NIC though as FHL treated as a ‘trade’! I know this is incorrect though now, stupid error!
(b) Explained about basic employee/self-employed assumptions. Picked up a few marks on part b but didnt get completely correct. Just remembered 5% statutory and the other payments must be subtracted from the income.
All in all, I thought I may have scraped a pass until I just reviewed the paper! Definite fail for me, retake in June 🙁
Got 59, delighted!
Big thanks to this site and Mike Little for online lectures.
I self study out a textbook and really struggled to grasp some of the consolidation stuff. The lectures really helped me get my head round it!!
Delighted to get the ‘beast’ out the way!!
What about the impairment? I first impaired the goodwill and the residual distributed to PPE?
I did the same, not sure I got figures correct, but I applied that principal
Question 1 was fairly difficult, didnt really attempt the consolidated SOFP, just tried to make sure workings were good. Even then, I messed a lot up. Hadnt revised IFRS and GAAP differences, which was another 9 marks. Ethics element was ok. Reckon I got under 20 marks out the 50.
Question 2 didnt seem too bad. Described principles of IAS 8,19 and 10 pretty well to pick up a few marks, and then did best to apply to scenarios. Reckon about 15 at least out of 25.
Last question, bin the clutter was ok. I described IAS 10 in the final part of Question 4 about going concern issues and referred to conceptual framework. Not sure if this is correct though. Reckon once again I got about 15 out of 25.
All in all, I reckon I got 49 or 51. Will be very happy come August or not happy!!
Overall, I did expect the paper to be worse than this though. Went in with little confidence and to even do as well as I did,was fairly happy!
Terrible paper for me,
Question 1: Didnt know what i was talking about- Couldnt associate the question with a model.
Question 2: Wrote loads of rubbish,
Question 3: Rushed, what did people put for part c) With 5 mins to go I realised if was JSW- Acceptability, Suitability, Feasibility model and crossed out most my work.All in all, a definite fail. Rushed large majority of it, wrote lots of waffle and not looking forward to retaking this one in June!!!
Quote:@saba007 said:
PASSED!!!!F7-95
F9- 93ALL IN FIRST ATTEMPT!!!
is there a way to know if I may be the ACCA prize winner ? 🙂Yea of course 😉
Pass with 50%
Seemed to scrape through like a few on here.
Knew it was touch and go but guess my performance on Question 1 and 2 got me through. The question on islamic financing and Question 4 were terrible for me.
To all those that failed, keep plugging away. I think I revised harder and put more hours into this one than any other exam. Hoping for an easier time in December exams!
For the NPV I used 7%. For the EAC I used 12% as the question said to ignore tax?
Mudabarah for 5 marks was very excessive. In my 800 page text book there is about 6 lines on it.
Can anyone advise me what I should have wrote about for the working capital question (Q2) and the risk question(Q4)
I messed up question 4 completely. I started de-gearing then figured I didnt need to. Hope I picked up some marksalong the way but definetely nowhere near the answer. Also was unsure about the difference between financial, business and systematic risk?
Also, on question 2 I wasnt sure exactly what they were asking about working capital?!
41%
Disappointed but I knew Id messed up a lot of the written stuff, so was expecting a fail. Im looking to retake this along with either f1, f2 or f3 in June. Any suggestions which combination would be best?
Hoping I did alrite on capital rationing question, spoke about hard and soft rationing, and divisible/indivisible projects
Messed up a lot of this paper, didnt cover factoring in revision so lost 14% straight off. Got about 60000 NPV in question 1, which doesnt seem to match anyone elses. Reckon I have got late 30’s, early 40’s! Hoping for a suprise come February!
Does anyone know when are these papers normally available to view online?