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I have never spent so long trying to decipher what they were on about in a question. That Q3 was awful. How many percentages are needed in one question? Loan notes and repayment / provision for future dismantling costs / leased assets / operating lease… I found reading it really confusing. I also seemed to spend a long time on Q1 too, considering it was only 15 marks for a consolidated P&L. I think it was because of the Goodwill calcs that needed to be added. I hated that paper. Really hated it.
I’ll definitely be resitting the UK variant as I didn’t know many of the terms in the MCQs or what they meant. However, I only had a months notice from my employer about sitting the exam so I didn’t have that much time to go through the work, let alone revise. I think if I had been more familiar with the terms in the MCQs it would have been ok.
In the written part there was an invitation to treat/advertisement question and legal position of various buyers;
there was a question on the criminal charges in relation to money laundering and layering where a guy was hiding money in his taxi firm with a dodgy accountant and manager;
A ltd which wanted to remove a shareholder by resolution because he’d set up a rival business;
A question about a ltd where the directors wanted to leave the day-to-day running to a non-director and whether they should honour the contract he’d entered.
A guy who bought shares in two companies – one with a share premium; another which become insolvent and his legal position in both companies.
I’ll be honest. I didn’t know much… I’ll be back in June!Thanks Bangarraju2002, you’re right, I can use the exchange rate for the exam fees but they charge additional fees that they don’t disclose if you opt to sit your exam at one of their special exams centres – which I need to take the exam in Houston. I’ve just been told by the ACCA that they cannot guarantee that I can sit my exams in Houston as it depends on the number of students taking the same papers as me in the area. So it looks like you can sit them anywhere in the world, but you just don’t know where it will be!
Ninska, thank you for sharing that info on the costs – I understand it could vary here but it’s good to get an idea of how much is charged elsewhere just to get an idea of how much it could be. Also, I’m sorry you had to spend your bank holidays sitting exams – I hope you had a good rest afterwards! 🙂