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Hello Alkerbix,
I am grateful for the indo provided. I have a question to ask. Is 1-2 hours a day study valid for each module or both modules at the same time. This answer will be very helpful for my study plan.
Cheers,
Passed with 53 however I was expecting between 65-75. Anyway I was finalist and now I am affiliate.
Poll results are exactly the same as march 2021 poll. Even attendance is the same.
In change mng question I had also diffculties. I used POPIT because no morr publishing and postage of annual reports so process had to change. Also organisational roles and responsibilites may change. But mainly I wrote about people.
It was a very open question.
It was classified in OCI in equity as far as I remember. This is why I was confused. Other amounts were current cost and int expense. Maybe I am remembering wrong.
mirzamonster wrote:AAA-INT Version, does anyone remember what did they write in Q3, can’t remember anything.
I had that too. I really could not understand DB scheme question. How could we understand if there is anything wrong with calculations? There were just precalculated numbers. I hope I get some marks from accounting explanations and evidences:)
sudiptosen wrote:I heard marking scheme for Audit risks has been changed for March21 sitting
You mean all we can get from trends and ratio analysis is 4 marks, right?
joannespeck wrote:For anyone who had the Luxury canal boats question paper.. how did you find Section B? I found the quality prof & ethical issues question hard!! So hope ive done enough ? Theres too much to do in the time given!!
2 of quality questions were hard, employee benefit audit was tested for the first time. Ethics question of 3rd question was also weird. An offer to a partner not from the team was not tested before.
lizzyzingel wrote:For those who got a question on the Luxury canal boats..what business risks did you identify?
cash problems(a few type of)
Fx
Inv ?n transit
Compliance(2 type)
No diversification of productslizzyzingel wrote:I picked up
-IFRS 5 Non current assets held for sale and discon operations(depreciation was supposed to seize,assets recognized separately under current assets<br>-IFRS 15 revenue from contract (risk of early recognition)<br>-IAS 20 forex translation<br>-I think there was an event after reporting period<br>-IAS 36 wrong calculation of value in use<br>-New audit client<br>-Management biasAdditional to you except some of them :
Going concern issues
Compliance-ias 37
Bank loan amortised cost
Inventory count
Receivables allowanceWeird. Usually all exhibits are used when answering. Sorry for you. What was the scenario of the question?
lizzyzingel wrote:I found
-Going concern issues<br>-Luxury product (standards have to be up kept)<br>-Foreign market issues (border sunctions,political,forex)<br>-New regulationsWhat was the audit risk?
vnetochukwu wrote:I only hope I wrote enough to score 50 as this is my first attempt
Can you say the scenario?
lizzyzingel wrote:For those who got a question on the Luxury canal boats..what business risks did you identify?
2 types of compliance
Fx risk
No product diversification
Theft or loss of inventory in transit
A few going concern risksBusiness risk
Audit risk
Bribery
Ahfs procedure
Quality control( a bit weird)
Defined benefit obligation
SBP
Ethics(weird)dolphinslover wrote:Revenue – construction contract
Imp loss is not calculated properly, ViU – Present values had to be used<br>Impairment loss – decline in revenue<br>Borrowings as a current asset – not correct<br>Planned disposal for production lineBorrowing as current asset?I couldn’t remember. Maybe I did not that.
Besides, machine contracts obligation is satisfied at time according to scenearioIt was different than other exams. There were no accounting issues, ethics question was weird, Defined benefit obligation was also weird.
yes, I get that notification too. Probably results have been uploaded and waiting to be released.
I did exam and submitted at around 13 :30 gmt +3 . After the exam I checked from myacca. But now I got an email that due to technical problems, my email ewas terminated. They will give my credit DELETED
Encaladeus wrote:There was a question about derecognition. I think that asset shouldn’t be derecognised because risks were not transferred
Same here
Encaladeus wrote:There was a question about derecognition. I think that asset shouldn’t be derecognised because risks were not transferred
But also says transfer of risks. In question risks are with the company. So weird question. I believe that some questions have more than 1 answer because accounting is judgmental at some point. Maybe they are trying to show this but in a very bad way.
There was a question about derecognition. I think that asset shouldn’t be derecognised because risks were not transferred
khilen wrote:That land & building question – i said it should be treated under IAS 40 – Investment property?? Because it said they cannot find a use for it but it has appreciated in value.
If you are not using and held for capital appreciation, it must be classifed as IP.
