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I made some silly mistakes on ROCE and RI too, was so annoyed at myself when I realised that after!
I think I did 3 analytical reviews just comparing yoy revenue, operating profit and PBIT. Did use them to identify one risk…
Not sure if my answer was right but I said there were deposit and I think another set of payment 6 weeks before cruise takes off. There is risk revenue recognise earlier than when performance obligation is met.
Have APM on Wednesday so trying to move on and stay optimistic here too. Good luck with your AFM.
The last question on sales of division and change to IFRS16 and their impacts on opinions really threw me off.
I honestly felt ready but saw those and genuinely didn’t know what to write.
Also the audit risks question was like 28 marks that’s a lot! I wrote give or take 10 risks so can only hope thay were enough.
For me, it was definitely difficult.
I spent more than 45 minutes just on the last question read, reread, wrote two lines, scraped, re read, re-wrote again ended up with half a page that made completely no sense.
Other questions were ok, they were difficult but I did expect it to be but the last one I just didn’t know what was required at all!
I found all the questions in Section B very difficult especially the Nuclear factory and the theatre one. I thought I was quite well prepared for variances but couldn’t even do those.
I did split into two caps too and all my additions were offset against AIA.
I was quite confused with the second part of the question, capital allowance for the 9 months accounts. Was there supposed to be a balancing charge as there were disposals? I didn’t put the BC through at the end but wondering what everyone else did.
Hi Kim,
Thanks for the suggestion and I think I might be better off doing F8 in Sep and F5/F6 in December then. As the numerical papers are much more of my thing than wordy/analytical ones.
And you’re right, the pass rates say it all.
Thanks a lot!
I’m taking F7 in June and the plan is to take F6 in September which is why I’m thinking of F5 and F8 in December. I want to pass 4 papers this year which is why I’m doing 2 in Dec.
I did think of doing F6/F8 in Dec but people have said to me that tax is very difficult (more so than F8) and you need enough time to prepare. Now I’m not sure, would F5/F6 be a better combination?