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Passed 1-st time with 54%. Thank you Open Tuition, this has been a very interesting journey which is now complete.
you barely see AA reflected in AAA, whole new world
P level exams are expensive, if you have spare money, go for it.
ACCA is no harder to any university degree, had pass rate been raised to say 85% – diffrerent story
want to try something challenging and loose several years of your life? try CFA
my point is this – you can pass P2, for example, not knowing how to prepare consolidated statement of financial position (which is awkward), but there is no way you can do the same in pursuit of CFA
reputation of ACCA would go to a different level had the limit been raised higher, quality of employees/students would only benefit. Again, this is only my opinion.
It depends, if you look at Q2 of June 2013 exam you can see that existing price is used
Please ignore this question. Got the answer from the lecture. Let me just point out that answer in the back of notes is wrong specifically for part b) as 0.5 gearing is used and not 50/50… the answer is also incomplete as I do not see any WACC workings there aswell.
Thank you for your response, the funny thing is that I passed F9 with 78 and still can’t get my head around some of the trivial calculations. I am currently preparing for P4, so decided to post this in F9 rather than P4 not to embarrass myself too much 🙂 And I did watch lectures 3-4 times, some of the things are still blurry 🙂 But I did notice that futures rates in exam papers are quoted on their own, there are no two rates quoted as say for spot rates, where buy and sell rates are presented. Funny.
Four hints in Q1 that I remember from the top of my head:
1). Some (but not all) of SFP’s customers were also shareholders of the co-operative. This affects level of their committment when hard times strike, which is the case in the scenario.
2). The co-operative ran both supermarket business and smaller shops. It was explicitly stated that consumers start to turn away from supermarkets, so SFP was the only market player who had a back-up strategy so to speak (+ its smaller shops were located all over the country)
3). Government proposed a 5% mandatory pension contribution. It was stated in the text that payroll expenses of SFP are SIGNIFICANTLY higher than expenses of their competitors. If follows that CF would be heavily affected (adverse effect) had the legislation been adopted.
4). Retail sector was very concentrated with a lot of competing supermarket chains. The biggest one ONLY enjoyed 13-14% of market share If I remember correctly. Retail market grew considerably year on year, so this is “growth” stage and as we all know competitors are eager to enter the market during this stage.
Q1 Models given in questions (PESTEL, 5 forces) + bits on KPI, CSF and Integrated reporting
Q2 Fin analysis performed on accounts of software house (primarily ratios) + 5 factors that affect selection of software house (apart from costs)
Q3 5 factors that make project work different from routine undertakings + value of PID, BC, project report… in the context of given scenario
P3 exam is about common business sense, so no books are needed whatsoever. Trust me, OT notes + exam practicing + revision kit is all you need. If you want to go really hard on this subject, subscribe to “Financial Times” student version in pdf for someting like 120 pounds per year… this is a fantastic source of info for P3.
One of the very few times I’ve given advise here on OT. I wish you all the best.
Q1
a consolidated SOFP (2 subs incl. foreign, disposal of investment from 60 to 54%)
b investment property valuation policy (from HC to FV and effect on foreign translation)
c IAS 21 + use of AVG exchange ratesQ2
a investment property
b Intangible assets
c impairment of CGUQ3
a operating lease
b debt instrument valuation (FV)
c revenue recognition + provisionsSir, practice question 6 in the back of OT notes involving personal pension contribution.
why have BRB and HRB not increased?
yeah, I understand that, but in BBP answers deduction is not against TTP. Is there a way to send you an e-mail with excerpt from the book or attach print screen?
Let me ask you this:
Page 131 of OT notes – “Trading losses may be surrendered to other companies in the group, which may then relieve the losses against their own taxable total profits.”
Now, I am looking at question 162 in BPP REVISION KIT 16/17 (Long Ltd group) – one of the companies has surrendered its loss which is set against TRADING INCOME (NOT TTP) of one of the group companies ending the year in profit.
So what method is the right one? thank you once again.
so his relatives will be attending job interviews right?
I’d recommend you looking for jobs in Cyprus, Malta or Gibraltar.
ACCA has nothing to do with modelling. The closest you get to modelling is one of the P level papers dealing with financial management, but there is absolutely no need to use excel.
