[francojooste]

Passed 2nd attempt 64%, practice practice & practice is key. Solid understanding of all the main concepts. Excited ! PER complete and Exams complete after 4 years !
If you failed just remember it takes endurance to get this qualification keep going, just book your next exam and try again. Opentuition and Youtube the more complex areas to ensure you understand the topic.

I failed the first attempt because this is not a big text book study exam, more of a practice to pass exam with thorough understanding of all the techniques & concepts.

Good luck 😉

[francojooste]

63% first time pass !

[francojooste]

My exam unfortunately gave so many issues I had to rebook . I started at 12pm and finished at 17:30 !! So many phone calls and relaunching with unsaved work but these are the questions I got .

Question 1 – Ripley Co – 50 MARKS

Question 2 – Forensic accounting /
Quantify loss as a result of fraud
Evaluation of internal controls – identify opportunities for fraud
Why it was difficult for Management to identify fraud

Question 3 – Ribbon Co – 25 MARKS

Misstatements 3 areas identified – explain to management
Management not adjusting misstatement, and impact on audit opinion

Ethics, previous other work done on listed company, unknown prior to audit

[francojooste]

Hi Sandra !

Don’t stress about it I had the exact same issue they even relaunched my exam twice … my exam kept feezing and it restarted with only half my answer saved . So I rebooked for next week Monday ! Did you manage to rebook ?

[francojooste]

The first paragraph stated that 70% was obtained throughout the 3 years so it was quite tricky to follow the timeline and figure out what the NCI percentage was for the goodwill calculation.

Lots of tricky parts in this exam it was perhaps challenging us to work very systematic but I personally wasn’t prepared for this … I’m sure this will be a rewrite for me .. preparing for it now already next time we’ll be ready

[francojooste]

I felt like the information given was almost contradicting itself …. After reading the first paragraph you get a sense of what’s going on and the next paragraph makes you question everything…

The time was so limited and even figuring out what the heck the scenario was trying to conclude was just impossible to follow for such little time …

I am really not impressed with this exam at all the layout of questions and information was just too much for the time given

[francojooste]

This exam was horrible!!

I got mentally exhausted there was so much to read it was really insane …

The typing alone was so much that I felt like giving up towards the end.

If I knew this exam would be this intense I would really recommend building up the mental stamina it was just way too much !

[francojooste]

For those who didn’t pass, guys don’t even waste your time with study materials especially if you are sitting March exams.

Just do exactly as instructed by these revision videos and you will pass :

Youtube
VIFHE | SBL Game Changer Webinar Series | Hasan Dossani | Day-1 | ACCA December 2021 Attempt

Make notes ! Practice and then review your notes 2 weeks before the exam !

Good Luck

[francojooste]

Passed first time 62% ! Happy Days

Time Management is key !
Practice and practice past exams
Don’t focus too much time on models !
These models can take up a lot of study time

Watch the practice to pass videos they are very helpful!

[francojooste]

If you need to ( hopefully not ) rewrite this exam my plan was as follow :

The first 30 minutes :

– scan the list of exhibits and highlight what the exhibits are about not the actual exhibits but the display page ! ( this should take max 2 minutes )

– then go ahead and read the overview and really understand the size, industry , issues (max 8 minutes )

– then open the word processor and the scratch pad . Read the requirements and immediately start drafting your format as you read each requirement : example

Report
To :
From :
Subject :
Date :

This report ( copy the requirement and paste it here )

Look at mark allocation example 10 + 4 professional marks divide by 2 = 7 points to be stated make a note under the task .

Paste the same requirement on the scratch pad this way you’ll have a small summary of all the requirements on display while reading.

Next 40mins :
Now read each of the exhibits, read it carefully and copy paste relevant info into the word processor under the relevant task ( keep reviewing the scratch pad ! So you are reminder of what to look for ) . Make a small note which exhibit its from Incase you need to refer back it later on .

Next 170mins :
Now you can draft and finalize your answer .
Use the total marks example 24 marks x 1.7 marks = 40mins do not spend more time than this . Move on to the next task

If you follow this approach you will most probably have time left after all the tasks to review and polish your answer as some task are quicker than other .

[francojooste]

If anyone wants to know what exam technique I used in the exam let me know I had about 20mins to spare . I really practiced my exam technique and it’s works well for SBL

[francojooste]

Guys firstly I had issues where I couldn’t highlight or copy and paste from the exhibits …

However I wasn’t gonna let that make me fail I just had to double time with the typing

Task 1 : Operations and Financial performance and governance structures I think I did quite well here for 32 marks.

Task 2 : oil spillage and main risks , Stakeholder analysis

Task 3 : evaluate the proposal of acquisition, here I found numerous issues like the revenues being 71million but the passenger fees are only 1250per passager they operate 16 river with 42 cabins so the revenue seems inflated .

I also picked up on that the current owners of the river cruise wanted to sell because they want to fund their retirement with 114million which seems questionable

They also have book values which should have been net realizable values on sale

Then there were a lack of info , no liabilities how they determined the 65% dividend payout, also no prior year info to do a comparison on performance .

Financing Options was tricky cause there was nothing obvious in the exhibits .
I used issue right shares , issue new share, loan but they already had high finance costs and also retained earnings that can be used

Task 4 : Big Data slides for operational and future benefits which I hopefully made enough reference to the actual cruise company

All the best ! I am studying for AAA and SBR to write in March

[francojooste]

I thought the same as well

[francojooste]

I also got 1.95m

I wasn’t sure if the 5th warehouse was already making sales they didn’t specify that so I didn’t do the formula to get to 2.25m

I also think a lot of students would have just taken 1.8m and added 25% = 2.25m

The trick was to separate the revenue to online sales and only increase 25% on online sales
1.8 x 1/3 = 0.6 + 25% = 0.75
1.8 x 2/3 = 1.2
0.75 + 1.2 = 1.95m

[Author]

Posts