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oksana.tomenko I had similar problem with scepticism. I have only mentioned that there is no proof of these allegations, and taking into consideration high competition and the fact that TNC have disrupted traditional cab services, I would suggest to maintain some scepticism.
I don’t think that this is enough for 4 professional marks…
Cbeardwell, with ifrs 5,similarly, however I said that after the letter it will still not be classified for sale as sale was to be completed at 1 Jan, so just over 12m from year end, so non adjusting.
Honestly I was always pretty confident after most of my exams, and get high marks, but after this one I’m just hopeless. Only ‘normal’ question was Q1 (although was hoping for step acquisition or disposal), however I wasn’t sure what to write on last requirement for Q1?! I only wrote that it can mean lost of control and loss of subsidiary…
The rest questions were mostly disaster for me. How can they give literally 3 sentences about financial asset and financial liability and require answer for 10 marks?! The one with crowd funding was similar, I only wrote few sentences about liability (didn’t realise there was revenue hidden there). The one with disclosures was also too much for 8 marks in my opinion. If I will have 50% it will be a miracle 🙁PAMFRED, i think we had the same version. I think the only question I found confusing was the one with IHT from Q1. I’m not sure why I had problems with it, it didn’t seem to be difficult, but somehow I did it first, then I came back to it, change it and started to overthink . I think the difference between making Pet or leaving house as part of estate was availability of NRB if left in death estate, as previous gift was more than 7y before death, but less than 7 years from Pet (if given as a lifetime gift). Did you have the same way of thinking?
Ok, now I’m worried as I found it too easy, and I’m not sure if I haven’t missed anything, lol. I think all questions were not nice, broken down into smaller sections worth 3-8 points. But I’ll be stressed on 16.07 anyway :p
Didn’t like the paper, and was so unsure of many A and B section questions, but got 79%! So relieved! I will not take AFM for sure though lol 😀
I found section C super easy, I was hoping to get these type of questions. But I found A and B section difficult, many multiple choice questions and I think there was a lot of pure theory.
S4M101 wrote:ALL thanks to opentuition lectures and notes, i was able to score a staggering 98%.
Wow! Well done!!
Jennie1987 wrote:Completely surprised with joy! Passed with 85% and wishing it meant a certificate like Applied Knowledge results. I also remember a fellow student in Kaplan mentioning some reward but I can’t find anything online to back it up.
Unfortunately it doesn’t work like that for Applied Skills. There is a reward for the best result WORLDWIDE, and these who get it, normally score 95-100%
Pass with 89% at first attempt! Can’t believe it was the hardest for me to study so far and I got the best result so far. Now FM left.
That’s ok 🙂 I don’t remember scenario now, I was pretty sure it was employee reimbursing employer, but obviously now I’m not that confident haha. For sure I will remember this one when June Exam will become available with answers 🙂
@ajabbie12, I just saw your post about answer to fuel benefit. Are you sure that where part of cost is reimbursed, the benefit is only the difference? From what I remember if its only partially reimbursed, normal fuel benefit calculation apply (24600*%). But now I got confused, I need to check study text.
Vicosta, yes I think I had this version, although I don’t remember to have anything about gruop loss relief.
I was only watching lectures for topics that I couldn’t understand from study text and it was helpful. But I couldn’t watch all of them lol!
Also, I heard several times that BPP books and exam kits are missing some bits. That’s why I always use Kaplan, I think they have more variety of questions. In Kaplan study text there is step by step approach how to deal with long period of account.
From what I understand first you had to calculate trading profit for 15months, before capital allowances (so with all adjustment made but before capital allowances). Then you need to split this between 12 and 3 months and for each of these AP prepare separate calculations of capital allowances. And then and the and add chargeable gain in period when disposal took place to have total profits for each of AP. Am I right that the loss in AP of 3months should be NIL as it was loss which can’t be carried back?
I did the same with lease – self intrest, not significat, they can accept, although it was a bit tricky as I thought this is not threat at all.
First sitting and passed with 82%! Although I liked studying PM, I didn’t expect such a score, because everyone was telling me it’s easy to learn but hard to pass. Also questions can be very tricky and you need to read everything very carefully (for example I calculated contribution VARIANCE at the beginning and then read the question and realised it is PROFIT variance, so got stressed and had to change it). My study technique was maybe time consuming but simple: lectures, then study text, then questions from that chapter ( from Kaplan exam kit) . When I went through all chapters, I did second exam kit from Bpp. (I was jumping from questions from one chapter to another to make sure I don’t forget anything with time) As I was going through questions I was marking the ones I had a lot of problems with and I came back to them in last 2 weeks before the exam. At the very end I did 4 mock exams – 2 on the paper and 2 on the computer, and I think it’s very important to practice computer based exam at least once to see how it looks like, and how to show your answeres in section C. Now I want to attempt FR in March, but I’m afraid it will be more difficult for me.
