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Thanks. Was thinking how was qs1a 11 marks, didn’t leave time for commentary. Just wish other topics like eva,beyond budgeting and ema came up…felt too easy almost as if I was wrong as too much csf/kpi bollocks
What was qs 1 split of marks? Deffo mixed up myopia with ossification now have looked in books! 3/10 for that qs
I agree that the paper was too generic and not focused enough on the syllabus. Kpis, csfs, performance pyramid was okay I guess borderline on these.hoping the league tables qs 4 gives me a higher score. Just worried my basic knowledge went out the window for qs 1a, 14 marks and lost 9 marks as wrote crap for performance gap, don’t have a glue what that is.
they always give the z score formula.
what do you mean for argenti a score model will we be given marks for what? there is no formula as such, read the acca article from june/july 2008 and do qs 4 dec 12.
Yes Kasia of course, hence my previous posts before that stating you can’t harp on about self-review threats for 6 marks, probably 2 marks (one mark identifying and one mark for action) and that is why it is obvious there are two other professional issues, such as only one partner is qualified actuary etc etc….Self-review was the topic of either part a or b (can’t remember), the examiner isn’t going to use the same theme for all three. I was just stating it is nothing to do with it being a listed company.
yeah self-review was the answer for all 3, there is more to each than just self review for 6-8marks
This is nothing to do with it being a listed company…so what? Can still provide assurance, that wasn’t the question
I think that with regards to Qs4 c, they were right to get the company to offer them assurance services to calculate the defined benefit plan as this has to be done by an Actuary. It was not material to the accounts, however only one audit partner could do this calculation, so who is going to check his work, especially as complex calcs? Also, even though he’s a qualified Actuary, he is working as an Audit partner, therefore could be out-of-touch etc.
Well why didn’t you start the exam by answering Qs4? you don’t have to sit in question order 1-4 etc. I always time myself and write on the question paper the time i should be starting each question.
Exam was okay, fully revised on due diligence and ethics..so fingers crossed!
I started off with Qs4 (which was a gift), then Qs2 (which was okay I suppose), then the essay/ethics on Qs 1b/c (also easy), leaving myself the full hour to do the SOPF last, which was horrendous. I think my exam technique was spot on, but not sure if got enough marks for 50…very borderline!!
Yes, i do think there is a catch, but if i know the mentioned topics above what else could come up to catch me out? Difficult to compare to other past papers are topics relate to those current at the time. I think the average being 11 boils down to language barriers and that most accountants are better with figures and numbers than essays.
Thanks
p.s. I am sitting this in June for the first time. Reading that back it looks like I know what I’m talking about….*sigh*
I completely agree, absolutely hate this model, however work it to your advantages. I sailed through p1 and p3, so if you are sitting p1 then the ethics qs of 5-10marks in qs1 are a gift. Also, as I love essays also think Qs4 is easy way to gain marks especially as there is only 4 topics he can examine on in depth (leasing, revenue recognition, ifrs 10-12, clutter in F/S and ifrs 9 replacing ias 39).
I struggle with consolidation, mainly all the complex adjustments. As long as you have the 5 workings don’t spend too much time on this and you can gain some marks but the bulk elsewhere on theory. Remember, you’re not aiming to get 100%!
I am doing the UK variant and this is a big regret and was a pure clerical error on my part – don’t do it if you have to! Having said that as there are only small differences and up to 20marks perhaps it is more obvious what may come up and what differences you need to discuss.
Thanks for this – will definitely use it. Don’t know why I see it as 10x harder than any of the other exams! Less than two months to go…
Passed first time with 66%! So happy, especially after reading the comments on here after the exam, my answers weren’t the same as everyone else and I geniuelly thought I had failed! Just goes to show eh….
Thanks Gabriel,
I agree, and hence contradicting myself…that models force some kind of direction in the answer, and some past papers say you must have used this model or you can still gain marks from having not used the model by simply stating ad/dis!
Would love some feedback from Gromit too!
Thanks
Hello,
I really need some feedback from the exam on Monday:
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p3/exampapers/p3_2012_dec_q.pdf
Having thought I’d potentially passed, then came back on this forum to see everyone used BCG for question 1a.)….I didn’t once quote this model and the question asked:
Analyse the performance of each of the four companies described in the scenario and assess each company’s
potential future contribution to the EA Group portfolio of businessesAs there are 24 marks, I thought 3marks x 4 companies for Performance (ratios/strengths and weaknesses etc) and the 3marks x 4 companies for future contribution, all referenced through to the case.
Would I lose marks for not using BCG and are the professional marks just attributable for using a model?? As I’m now really worried and would like to know, as if i fail this will be the reason!
Thank you
i think you’ll still get marks for not quoting the BCG in Qs1a?
I can’t see how 24 marks will be attributed just to BCG, maybe 12 of 24 would be (so 3 marks for each company) and the other half for evaluating performance, so as long as linked to the case, potentially just lost on professional marks???