[Elitsa]

Passed P 5 with 53% at first attempt, I also passed P3. I did this with a 8 months old baby at home.
So everything is possible.
Now affiliate.

[Elitsa]

Passed both P 3 and P5 at the first attempt. Passed P3 with 56 %, but I have a 8 month baby so this for me is a great achievement.
So Thank you OP for all the materials.
I am affiliate now.

[Elitsa]

I just received the following email, I am so proud of myself
Dear Elitsa,
I would like to congratulate you for the result obtained in March 2016 session for paper P2 (INT). It is my pleasure and honor to inform you that this result achieved in this session placed you 1st in Bulgarian students top and 13th in ACCA worldwide top for this paper.

Thank you Opentuition.

[Elitsa]

I didn’t receive text only e-mail, i am wondering what is wrong with the sms

[Elitsa]

Surprise for me passed with 66%, next p3 and probably p 5 🙂

[Elitsa]

3 a) part one factoring I said that the entity shouldn’t derecognise since all the risk are still bared by the company, second part I talk about lifetime expected losses
3b) IFRS 5 and capitalization of costs
3c) I didn’t do this part very well generally talked about leasing

4 a) First time adoption, costs of implementing, retrospective, prospective such things
4b) I cant remember what was about
4) C – incorrectly treatment indefinite, CGU I write that is possible to use the new treatment it seems that I was incorrect

It seems I’m going to resit the paper, but still hoping for miracle

[Elitsa]

I also did step acquisition, actually can’t remember correctly, there is a possibility that I messed it up badly, Q1 was awful.
I did 3 and 4 which were better.
I hope for 50 points, but still there is a possibility for a resit 🙁

[Elitsa]

I assumed the same, unfortunately Q1 will be cash flow in my opinion. But still hoping for anything else.

[Elitsa]

Colleague, I can find by myself the exams, but they are combine it is not possible that the questions were the same both in September and December!!!!!!!!!!!!!!!!!!!!!!!!

Never mind I do not want to argue. I wasn’t asking for a link.

[Elitsa]

I am not spot questioning but actually this method of cash flows isn’t! in much use in my country, for 99% of the entities we use direct cash flow method, so I do not use it in my daily work as auditor so it is really difficult to apply all the principles.
I have practiced all past papers questions. This doesn’t mean that I know it as much as the other elements of financial statements.
I was asking simply what was question 1 look like in September, I do not need your rude tone of guidance how I have to know absolutely everything.

Regards

[Elitsa]

Passed with only 53% but still a pass is a pass.

[Elitsa]

Passed on my first attempt with 70 %.

[Elitsa]

Passed at first time with 58%

[Elitsa]

Yeah this question was trouble for me too.

[Elitsa]

I think ACCA is expecting to drop the pass level with so much theory about markets.

[Elitsa]

@emo777 said:
There was a point in mcq, where they claimed that borrower can buy futures and then sell them, it was false, am i right?

I think I answered that all 3 are correct 🙁

[Elitsa]

@shuvo016 said:
mcq was disaster! 🙁

More then that I will probably fail because of it 🙁

[Elitsa]

What about the rate question 16 or 17?
Which answer did you get?

[Elitsa]

Yeah I am also looking at BPP now, it is a really awful question

[Elitsa]

I also think they are not intermediators

[Elitsa]

For me the exam was really difficult I am pretty sure I will resit it in December

[Elitsa]

You mean inventory was pervasive?

[Elitsa]

Nope the IAS do not override local legislation.

[Elitsa]

Results will be available on 1 of August.

[Elitsa]

Don’t forget that marks are given for different answers so even if nobody else had included it, if it is right you will get the points.

[Author]

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