[dell57]

Failed with 45% on first attempt…..did not have time to attempt the last 10 marker on fraud for Q3….seems very costly now

[dell57]

If i am not wrong…the six sigma/dmaic question asked whether the ‘new processes’ can be evaluated using the model. Six sigma/dmaic takes into account existing processes and making improvements on those. The DMADV (define, measure, analyse, design, verify) model takes into account new processes which was the case in the scenario i beleive. You would then evaluate these processes and then apply DMAIC if required.
Then again i could be wrong and wrote excess unrelated stuff?! lol way too many tricky clues within the question which is not necessary, but if you do go back on your notes regarding DMAIC, there are 2 models, one for existing processes which is most common and another for new processes.
I definately believe those who hopefully pick up marks will do so from Q1 as that was the easiest question out of the whole paper. Even the ratios were given within the notes and some of the calculations were common knowledge. Remember also the layout and your general grammer, that will help you with gaining marks.

[dell57]

Got a text at 12.00 …passed P2 at first attempt with 53%!…..made sure I completed all of the paper regardless of whether I did not know certain parts, smartest thing I did. Thank you to open tuition for all the magnificent lectures, this forum and everyone else who shared ideas, thank you all, congrats to all that passed. To those who did not pass, keep strong and heads up, will only make you more determined and motivated to pass next time.

[dell57]

i was dreading reading everyones comments on here…..my nightmare has more or less become reality, same issues as everyone.
Q1, completed cash flow, however missed out a few calculations as i thought they were not necessary……some calculations were there, there was also 100% owned sub so didnt bother with any dividends to NCI? probably wrong!
Now, everyone going on about deposit question?? i cant even remember where that was! i remember completing deferred tax section as well as ethics in Q1, but deposit?? no idea, most likely missed it as there was way too much information

Q2, again completed whole section, used whatever relevant IAS came to mind but half the information i wrote was irrelevant probably but this was better than Q3……this section was absolute disaster but that was my fault as the 9 mark on business combination i did not revise this standard at all during my revision so ended discussing irrelevant stuff

I do not expect a pass, would celebrate if i do. But optimistic, my first attempt at the paper. But everyone stay confident, hope everyone completed the whole paper like i did whether what you wrote is relevant or not, will give you a chance of passing, not sure whether the examiner will fail for example thousands of people, not got the time to read thoroughly through each and every answer. fingers crossed. good luck

[dell57]

Can someone please send me the mock paper questions and answers plz at dell_57@hotmail.com

Thanks

[dell57]

I have used the bpp study text to learn the proformas…..cash flow will be indirect method…..for sofr n soploci it’s not much as the layout as that is given in the q, it’s wot to include after consolidation I.e goodwill, investment in associate nci or maybe deferred benefit….workings r the most important in these n I will kno whic ones to do wen u look at the notes to the q.

In terms of ias etc again use study text n acca examinable documents which indicates which ones may com up.

U are not guaranteed to get everything 100% correct but make sure u have a basic knowledge of everything n it will giv u a chance. I’m will not be going through everything intensely but will try to be smart as there are time constraints in the exam.

Any hope that helps n good luck

[dell57]

It could be anything guys……just make sure u know the basics of the three at least…….

cash flow should be much easier than SOFP, try to memorize the pro forma (indirect method), this will not be given in exam so if u know it ,u r in good position to pick up marks

Whereas with SOFP and SOPLOCI, the layout is given in question so marks will be given for those LONG WORKINGS!

But remember, dont concentrate last couple of days on statements purely, revise your standards, they will help u pick up vital marks!

anyway good luck to everyone!

[dell57]

thanks for clarifying

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