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83%! Very happy with that for my final result! Congratulations all who passed and are now/are almost finished ?
59%, which will do nicely (first attempt, self studying with BPP and OT material)
depends on the paper… start where you feel most confident, and stick to your timings.
my personal approach to P papers is:
15 mins reading time:
scan all 3 B questions, choose two.Use the rest of reading time PLUS 15 minutes to plan answers to entire section A question
(2:45 to go)
whether plan is finished or not, start writing for section A – 1.5 minutes per mark, 1:15 total(1:30 to go)
for each B question:
7.5 minutes planning entire question, going over scenario and making notes.
37.5 minutes writing @1.5m per mark.I find this approach helps ensure the entire question gets answered and you don’t put the wrong bit in the wrong part, (like mentioned in q1c what should be in q1d)
@amanda… I was about to say exactly the same thing! 59%, no deities involved 🙂
Whether it was an operating or finance lease isn’t really relevant… Discussing it was the key. There are indicators for and against, if you identify and discuss them all, you’ll only drop one mark for an indirect conclusion!
not true… and even if it was, 6 words wouldn’t get you 6 marks!
see this article:
https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/technical-articles/How-to-account-for-property.htmlquote:
In determining whether the land element is an operating or a finance lease, an important consideration is that land normally has an indefinite economic life, which makes most of the land elements operating leases.However, this is not always the case. Land elements can be classified as a finance lease if significant risks and re wards associated with the land during the lease period would have been transferred from the lessor to the lessee despite there being no transfer of title. For example, consider a 999-year lease of land and buildings. In this situation, significant risks and rewards associated with the land during the lease term would have been transferred to the lessee despite there being no transfer of title.
IFRS 3 removes the “probable” criteria in acquisition recognition, and so contingencies are recognised at fair value:
The requirements for recognition of contingent consideration have been
amended. Contingent consideration now has to be recognised at fair value
even if payment is not deemed to be probable at the date of the acquisition.from this article:
https://www.accaglobal.com/content/dam/acca/global/pdf/sa_feb09_holt.pdfthis is because the scripts are scanned in black and white (and no greyscale in between)… you won’t lose marks for “not following the rule”, but imagine the risk of your ink not being scanned in and your marker just seeing a black page.
take 5 black ballpoints and eliminate the risk!
read the back of the docket:
What do you need for entry to the examinations?
this examination attendance docket
an official means of photographic identification, such as your passport, driving licence or national identity card. If you are unable to prove your identity your candidate answer booklet(s) may not be marked. Please note
that you are only permitted to attempt the paper(s) shown and chosen by you. You can only attend the examination centre shown.What can you take to your desk?
examination attendance docket
official means of photographic identification
rulers, pens, pencils and an eraser
geometrical instruments
a noiseless, cordless pocket calculator which may be programmable but which must not have a printout or graphic/word display facility in any language
a small bottle of water or soft drink, all labels removed. No other drinks or food are permitted.
No unauthorised items are permitted.ias18 is not listed as examinable:
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f7/f7-p2-examdocs-2015-2016-int-uk.pdfifrs 15 is examinable