[Bowen]

Thank you sir for your advices.

I have started doing the exam papers, and I actually think this paper is easier than AFM for me. But I don’t want to take the exam lightly as this paper does have a very low pass rate.

Can you offer any insights on why or how candidates fail Advanced Performance Management? So that I can be aware of the traps and be as fully prepared as I can for the March 2019 exam sitting.

Many thanks,
Bowen

[Bowen]

also the 15 marks on accounting standards and ethics. I thought I managed well on the ethics, but judging from my marks, I think I might lost some marks there. The accounting standard Q in part (b) often is a surprise.

[Bowen]

Hi ajjajj,

I followed your advices and checked the opentuition lectures on consolidation, the tutor said that the 35 marks on Q1 is all about numbers, no need for explanations. It really does waste a lot of time from my past experiences.

But then I thought I need to show all the workings, is it enough to just show the double booking entry? When doing workings, do I do the first 3 big ones: Goodwill, Retained earnings and NCI first, and then do the rest of the notes in the question?

Sometimes I do it by line-by-line solving, messed up the order and got distracted.

Thanks,

Bowen

[Bowen]

Hi ajjajj,

Firstly, I wanna thank you for taking the time to answer my questions and also giving me your email to contact you 🙂

the advices you provided are very informative and helpful. especially the part you answered about the approach to use when I don’t know which standard to use, you have simplified the hard bit and made it easily understandable 🙂

I am currently using your approach working on the questions, and it seems to be working for me, I cannot thank you enough !!!

but I am still a bit stuck on the Q1 group questions, when I was calculating “goodwill, nci and reserves”, I always end up getting lost when the group structure gets complicated, it’s like I couldn’t think straight or something. to be more specific, when the parent company dispose part of the shares of a subsidiary, but the sub stays controlled, I make mistakes calculating “goodwill and nci”.

Thank you,
Bowen

[Bowen]

Hi ajjajj,

Thank you so much for answering my queries and giving me helpful advices 🙂

I will try the approach for the June re-sit and hopefully I will pass this time !

I do have one more concern though regards to whether I am writing enough points for the questions. Because during the last exam, I end up taking too long writing Q2 &3, I was worried that I am not writing enough points to earn marks, so I kept writing and wasted too much time. I know that I only have to write valid points not nonsense, but I thought maybe my points were not good enough. That’s why I didn’t have a chance to finish the balance sheet

And in the case that I do not know which the standard part of question is asking, how do I approach the question?

Thank you,
Bowen

[Bowen]

I just finished F7,8 and 9 exams, and I need to start preparations for the RAP. But I don’t know where to start or what to do first? Can someone offer me any advices?

[Author]

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