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Hello Trephena,
I have a question regarding my eligibility to appear in OBU program.
I am an ACCA affiliate and from Pakistan, which is not an English speaking country. I have not submitted my English language proof to ACCA before passing F7, F8 and F9, plus, I have given my F4 exam by Computer Based platform in June 2015.
My question is: Am I still eligible to attend and submit my RAP project? Can I prove my English language proficiency by any other thing, such as IELTS?
Thank you.
Learn and revise all accounting and auditing standards and do as many past exam question as possible. And while doing practice, try to explain every point you make.
My perspective was to finish section B questions first, which usually consist of Process Change, IT and PM.
Yes, it was swim lane and POPIT model (2nd consecutive time tested this POPIT thing)
My answer:
From 1st October x4 to 1st April x5 (collision date) depreciation charge was 15,000 ($240,000 x 12.5% x 6/12).
I picked the Recoverable Amount of 180,000 as its higher from it’s present value of future cash flow which is 170,000 (150000 + 20000).
Depreciation charge for the next 6 months of accounting period is 11,250 ( 180000 x 12.5% x 6/12)
Profit and Loss extract therefore will show an impairment loss of 45000 and depreciation charge of 26250 (15000 + 11250)
Statement of Profit and Loss will show the carrying value of plant 168750.
Am I right, sir?
From 1st october x4 to 1st April x5 (collision date) depreciation charge was 15,000 ($240,000 x 12.5% x 6/12).
I picked the Recoverable Amount of 180,000 as its higher from it’s present value of future cash flow which is 170,000 (150000 + 20000).
Depreciation charge for the next 6 months of accounting period is 11,250 ( 180000 x 12.5% x 6/12)
Profit and Loss extract therefore will show an impairment loss of 45000 and depreciation charge of 26250 (15000 + 11250)
Statement of Profit and Loss will show the carrying value of plant 168750.
Am I right, sir?
43% Passing rate in F6 UK. All time worst.
Thank god I managed to pass. Thank you Open tuition.
Few nervous hours.
Anyone waiting for F5 and F6 result? What are your expectations?
Made quite a few mistakes but I think I did fairly well. Waiting for 8 February now.
Level of difficulty isn’t very high, as I gave mine in September. Cover the whole syllabus and practice a lot of exam questions. Good luck.
I am not sure If I am allowed here to help you, but this is my solution to your query.
Your products selling price is $20 from which we have to subtract the mark-up to get the target cost.
Selling Price $20 – $6.666(w) = $13.334
Working: $20 / 100 x 33.33(1/3) = $6.666
Your target cost should be $13.334 whereas your production cost is $16 – Cost Gap is 2.666 ($16 – $13.334).
I am an F3 student so don’t take me seriously, but think you can also use IAS 18 here. This might help you: https://www.accaglobal.com/ca/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f7/technical-articles/revenue-recognition.html
Read every chapter twice. First to understand the concept, second with an analytical eye. Read available articles on ACCA’s website and do as many kit question as you can.
Plus, I do think Paper F1 is a lot more about common sense than anything else.
Best of luck.
After how many papers you are applying for the Big 4?
I have heard the firms are asking a lot question on IAS and IFRS…
I want to ask Anna a question.
Is F4 becoming CBE from December 2014, or is it available for students after June 2014 exams. Thanks.
Question 1: I think it’s ‘B’. But as Faiz said, I am not sure too about this.
Question 2: I think both, A and B, are correct. You have to choose the best possible. I’ll go with A.
