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Failed for 4th time – last exam and I’m just close to packing it all in. Fed up with it all
Another fail. Can’t believe it. I’m so close to packing it all in – honestly. I’m just so so over ACCA.
This was my 4th attempt. By far the nicest paper I’ve had but somehow still not feeling confident. Couldn’t work out the basis periods and got to 5 mins before the end and relalised I didn’t answer the groups question (8 marks)
Failed for the third time with my worst mark yet
Don’t know how much more I have to give. I’m so close to just giving up even though this is my last paper
sudiptosen wrote:>mamanhussain wrote:Hey can anyone confirm if they have received an email that says renewal deadline + SA app or does it say March exams + SA app
I had an email with renewal deadline and SA app on 6th January
Don’t think it means anything. I sat my last exam in December (again) and sure i have failed
Uk variant. Can sit it 4 times a year but just so over ACCA now. Need to be finished and get it over with
Did anyone else get an email from ACCA about March exams yesterday that someone else mentioned? I didn’t…
johnramos wrote:This is really frustrating and disappointing from ACCA.
I didn’t receive a generic email from ACCA yesterday about March exams?
I had the same – I had 45 mins left on the timer and needed the loo. I tried to chat but no response, I started talking out loud to try and get attention and was waving my arms around. No answer from anyone and no contact. I assume we aren’t being watched as closely as we should be
@beryozka2005 said:
I thought so. Im dreading for cbe become compulsory, its so hard, when you are not able to see everything you do in front of youp.s. i will not be doing a CBE ever again, and i do not recommend it to anyone.
My first time and my last time. Dont Do it !MCQ’s arent even MCQs, you just have a text box to enter a correct number !! Very unfair against the paper version
I don’t think you’ll have a choice – aren’t they all going to be CBE eventually??
@sherrydada123 said:
@emma f6 on Thursday 😀oooh tax! good luck! 🙂
@nataliewaters said:
the dividend from the sub was $500,000 in total but as the parent only had % of the shares it needed proportioning so it was $300,000 to be removed from investment income?Yes that sounds like what I did! 🙂
@sherrydada123 said:
I never prorated them into 9 months oh god.
@sherrydada123 don’t worry – I’m sure you won’t have lost that many marks – it’s done now anyway 🙂
Do you have any more exams this week?@citrus1986 said:
This was SOPL OCI was not required.
I x 9 / 12 all values for the subsidiary in P/L
I also reduced revenue by 9 months of intercomany sales ($7,200 i think?) did the same with COS and added 9 months of depreciation ($1,500) for the FVA and added PURP (cant remember how much this was)
Admin was unchanged, I added unwinding of discount x 9 /12 to finance costs.
Investment income I removed the $500 dividend and added 40% from profit on associate.
Think my profit was somethhing like $20,870 but cant remember. NCI was something like $2,600 but again cant remember.
I was not sure what to do with the inventory valuation, have a funny feeling I should have added it in P/L or maybe included it as a movement in FV when calculating the profit and ultimately the amount to NCI.
Anyone else get anything similar?You’re right – sorry – there was no OCI at the bottom
I did 9/12 of sub
Adjusted for PUP, FV and intercompany
Admin and finance costs unchanged (forgot to adjust for the unwinding)
Investment Income – can’t remember fully but know I took out the dividend from the sub and then was left with a balance to add on % of the associate but may have that wrong
I didn’t do anything with the inventory – I got confused and was trying to work out adjustments based on there being none left in stock and the valuation seemed a strange method for inventory
Think my profit ended up about £21,500
@s4k1b said:
Thank you.I just dont remember writing out a proforma for a SOFP, so i thought i had missed a big chunk out when i moved on to the next question due to time pressure. :-s
Regardless, Im pretty sure i will be doing this one again…. again. 🙁
It was a cheeky part year acquisition as well so I think we were meant to pro rata the subs figures before consolidation
All in all a weird paper in my opinion.
Hey ho – P1 tomorrow!
The consolidation was SPLOCi
