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Passed by the minimum and I’d thought it was one of my best exams. You really never know sometimes with ACCA.
Done and dusted so happy days. For those of you who didn’t get it this time don’t be too downbeat as P2 is a savage course and you really have to take lots of chances as it would be impossible to cover everything.
64 in the only ACCA exam I didn’t finish and really wouldn’t have been surprised if I’d gotten a score in the 40’s.
Most interesting course of them all but a bloody tough exam and time was a killer.
Anyway, ACCA done … nine exams in 24 mths self study. Need to find myself a late bar.
Yeah, think it was 5000 employees and 25 share options.
What did you answer for this q? I done the calc’s for the three years changing the no of employees and FV of options and noted that the treatment of averaging the cost was incorrect as the expense should have been recognised at best estimate each year end.
Was my last exam and the only one I never completed. Ridiculously time pressured – bad enough the scenarios being hard enough to digest but why not just ask a straight question?
I’m wondering what the examiner is really trying to test here. Can’t see how being able to read at 100 miles an hour and digest ambiguous questions will set you apart in the real world.
Anyway, we shall put it to bed until results come.
Thanks for that. Just looked at a marking scheme for a SOCF and I can see what you mean. Would have wasted time adding up the categories. There is actually a lot of relatively easy marks up for grads in the SOCF.
I just used the BPP revision kit and done every question in it noting the examiners remarks for each one. Never touched any other material other than checking in on the Ask The Tutor forum every day or two. I got 71% on first attempt.
In the exam I just broke up the questions into sub-parts so that I didn’t miss anything they were asking. Its time consuming getting through the scenarios so I think snappy succinct answers are the way to go.
I mentioned a focused differentiation strategy could be used to create a niche market for the Employer Funded students. That they could offer large firms discounted rates based on the number of places they took and package it together with their star tutors and quality materials as a premium product. This would give them an edge on the other providers.
In Q1, I also mentioned an opportunity would be to sell the building and move out to the suburbs but keep a smaller premise in the city for the part time employer funded students.
As somebody said earlier there’s no real right or wrong in this paper. So any sensible approach it going to score.
Surprised so few people used the figures … think this is up on 6 marks based on past papers. It was fairly easy to bang out 6 ratios.
Oh that’s good to know. My head was melted by the time I got to the b and c parts so thought I missed it. Ran way over my time and made a mess of the consol even though I’d done one yesterday from 2011 that was almost identical. It’s never quite the same when you’re in the exam hall. Pity as a mark in the high twenties was well achievable on the consol.
How many marks were for the directors remun part of Q1 b? I must have completely missed that line.
Thanks. Yeah, probably going into too much detail on workings. I’ve the full weekend to try and master it so hopefully it all falls into place next Tues.
I’m going to try P2 and P3 in March and if they go to plan will finish with P5 in June. That will be 9 done in 5 sittings but this is the first time I’ve tried the quarterly sittings. Started looking at P3 mid Dec but will be winging it a bit on P2. Hope your plan falls into place for you.
Thanks for that. One less thing to worry about. So it’s application, application, application!
Top man. Cheers for that David. For P7 keep and eye on Mike’s responses on Ask the Tutor – he gives plenty of good advice.
Same to you. Just on the standards, did you use IASPlus to go through summarys of each or just rely on the questions in revision kit?
I’d imagine you should find P7 straight forward enough after P2 .. I skipped the text book on it too. I thought the key to it was the examiners comments after each question – give them what they want. I made a mess of Q1 but it wasn’t that hard. They try to pack everything into Q1 and time was a killer but I recovered well on the other 3 questions and there was plenty of handy marks on the paper. Best of luck with it.
Thanks David. I sat F7 last June and sat P7 in Dec so covered most of the standards in P7.
Was thinking of getting straight into questions as the BPP text is over 600 pages so would prob take me a few weeks just to read it. I found the passcards gave you a good grounding in prev exams as the BPP textbooks are fairly bulky.
I done 3 questions from the exam kit last night so I’m thinking if I could average 3 or 4 a day and read all the tech articles I would have two weeks before the exam to revise. Might be winging it a bit but there’s always June if things go pear shaped.
Thanks again,
Gavin50 on the nose. First attempt and haven’t sat P2 yet so happy out. Congrats to all those who got it and for those who didn’t, keep the heads up. Was tough paper and the margins between passing and failing are minimal. I just remembered in last 5 mins of exam that I hadn’t wrote a conclusion to Q1’s report so that could have been the 1% that got me over the line.
71% so thrilled as felt nothing was sinking in the night before the exam.
Was a nice exam in fairness and the mcq’s help build the confidence.
Yes, FYA was wrong call. Also got the moving and medical exps wrong (capped at 8000 and 500 respectively).
Can’t remember but were they one or two mobile phones in the question?
I didn’t time apportion it either … No mention in the criteria of it needing to be new so i’d say it qualifies.
I don’t think whether the car is new or second hand matters for FYA … wonder if it should be time proportioned though as the write down in 100%
The computer probably qualify as AIA but I don’t think I used it.
I allowed all of the moving expenses and medical expenses … think there was a past question with similar figures so don’t think either were over the limit if they both employment related.