Forum Replies Created
- Posts
@NPJunior I got that that one also. I wouldn’t read too much into these. Our fates are sealed at this stage, just need to wait now. 🙂
@Niceee – I received this email also and I’m a finalist but I don’t think they mean anything specific to a finalist or not.
@olizia – it was mentioned once in the ‘overview’ section.
Unlike other papers you weren’t changing roles from one question to the next, in this paper you were the management consultant throughout all questions.
Hope this helps ?
I understand that ACCA have to test students but why provide all so much information if it’s not to be used. Also a leader will need to be aware of some information in order to make a decision. I mean if a lot of students are thinking the same thing then there must be some truth to it 🙂
I got an email from ACCA with a link to complete the feedback survey.
Each link is unique to you so I can’t really send it on for you.
Totally agree. I spent too much time trying to make sense of the exhibits rather than applying them like previous papers. Trying to make them fit into some of the answers.
I’m not sure. Going on their pass rates, it would appear historically AAA is the hardest as it has the lowest pass rates.
Personally I feel SBL is hard because it’s open to interpretation and could lead to many variations of answers being right.
Rant away-I’m sure people are sick of seeing my name so many times in this thread! 🙂
Haha don’t worry, the feeling I’m getting from a lot of people is the same. I reckon the pass rate for this one will be well below the normal 50%
I felt the machine learning was nearly geared towards customer segmentation and the data that the machine could gather to identify different areas. I think they mentioned that YBC didn’t know who had paid for licenses etc and I said that machine learning could be implemented to understand this area better, again like so many other questions, I struggled to come up with enough points to match the marks.
The risk question was a total mess for me.
KPIs I also struggled withThe Delta proposal was weird because (if memory served me correctly) they asked for the opportunities to YBC if they went ahead of it but I think I answered my own question and gave the risks of using the streaming platform that Delta offers.
At this stage I’m getting around 25% out of 100% 🙂
@islamovakamila. Sorry to hear that. I toyed with idea on a couple of questions but I knew I’d get bogged down and forget about it.
@avnish92 I think you were to consider that it was 1 June 20×8. Well that’s what was on my version.That’s a very good assessment and nowhere near what I thought haha. I suppose the customers (taxpayers) are ultimately the principals as they paid for the license’s and any publicly funded question I’ve seen before the government were always the principals, oh well! My attempt to come up to 50 is dwindling by the comment ?.
I did try and tie the agent/principals thing into the compare and contrast of Q1a but it’s hard to know what they were definitely looking for
Actually, who were the principals? The government set it up 48 years ago but they had no direct control over the operations and the board was overseen by a group of politicians. This bit kinda through me a bit. ????
@kykolo 94
I had thought about B&HH but the only thing that made me not choose this was the fact it was 8 marks, it would be unusual for ACCA to award 1 mark per point so with POPIT it would have been 4(2×1). 2 marks/2 points or sentences for each element, People, Processes, Organisation and IT. Even with this structure I still struggled to come up with two sensible points.
It’s crazy how these exams can make you feel so dumb after all the time and effort you put into prior to it.
It makes me feel good though that so many of you are feeling and pointing out exactly the same issues I had or felt 🙂
I think there are different names for the same thing. If any exams accepts this, it’s SBL. Open to interpretation 🙂
Ah I totally missed that. I talked about the leadership styles as in autocratic, persuasive, participative and democratic. Oh well.
Yes, I felt the same. Felt my points weren’t developed enough to get marks, I was struggling to try and use ‘something’ from the exhibits. I failed to make the generic specific. The only models I used were the mendelow matrix for the stakeholders claims and interests and POPIT for change management but against found it hard to be specific.
I also talked about customer segmentation elements for the machine learning. Again hard to come up with 8 full marks.
Hopefully they will go easy on us ?
I sat the morning session and had YBC question but nothing about ethical and sub committees.
I think question 3 was KPIs and how these related to their mission
Q4 can’t remember what part A was about but part b was the benefits to stakeholders if they published internal controls.
Not a great paper. Not many models that you could have used to format answers which made it harder to structure answers.
The markers will have a great laugh correcting the dribble I wrote 🙂
Anyone on here do the Irish Tax variant for ATX?
What did you make of the paper?
58%! Miracle I passed. For those that failed don’t give up. The amount of times I’ve failed these god damned exams just makes seeing that pass mark so much sweeter when you do pass it.
Also, for those getting 48/49, it’s separate correctors correcting each question and they don’t get to see your overall score at the end so they have no way of knowing that you got 48/49 because I don’t think any human being correcting would do that if they had known.
Aran, I think we had the same paper. I had to really dig deep to find the risks and I feel like they weren’t developed enough to get me the marks! I said that the component auditor was an audit risk as it was a new component auditor to the group and this is an increased detection risk in itself as they weren’t familiar with them as they were with the other component who had resigned a few months earlier. This was noted in the background exhibit.
I was a bit baffled by what they were asking for in relation to Q2 with TCWG and all that. It was kinda like a ‘matters to be considered..’ type of question and I answered it that way but every now and then I would say these would form part of the uncorrected misstatements that would be presented to mgmt and TCWG just to try and tie it back to the question being asked-could literally have answered the wrong thing here. Haha
Q3-CDD for 19 marks was again weirdly asked, well the first part for 9 marks was, There was a few easier marks (6 I think) on ethical and professional issues. The FD wanted the company to hire the son as a trainee. I said it was fine as he was a trainee and that he shouldn’t be working on anything related to his FD’s company or if he was his work would be reviewed anyway by senior members. I said this may result in familiarity threat. There was an intimidation threat from the FD in so far as him saying that if you hire the son then you’ll get more work from us and then the IESBA code strictly prohibits gifts/lunches as the lunch was informal and had nothing really to do with the CDD report.
There was also 9 marks for investigative procedures. Ran out of time and managed to only get 2 poor points down. More time and I think I would have been able to give decent ones!
Alas, this sitting was not meant to be for me!
Hi all,
Had the Lion Group for audit risks for 24 marks! Honestly, struggled to get those marks. Other than disposal of a subsidiary and restructuring provision it was hard to pick up marks. Most of the marks were for impairment in part B and component auditor in part D.
Impairment was not impaired as NBV was lower than recoverable amount and even this was given in the question! 🙁
Q2 was on management and TCWG and a matters to consider type question but referring to what info would need to relayed to TCWG, strangely worded in my opinion!
Q3 19 marks on client due diligence and investigative procedures and 6 marks on ethics and professional issues.
There was no audit report at all on my paper which is strange as I was under the impression that this was examined in every sitting!
Anyway, don’t feel hopeful, September repeat for me
Finally passed on 4th attempt at 63%! Used OT this time round and found them great. Thanks to John for his patience. 3 more to go!!
Yeah Section B (especially Interest rates) disaster with a capital D! None of my tries seem to get one of the answers so I guessed and moved on and the same for the theory parts. It’s a full fat zero out of 10 on that section for me anyway haha
Those chose 2 questions are just horrible.
@bobbysinger12 for me I think it was to discuss the profitability index in relation to investment appraisal. Bit of a strange one as I’ve never come across benefits/disadvantages of PI alone!
Do you mean the risks and costs of short and long term finance? That threw me off a bit too but I said short term debt is usually cheaper than long term, it’s more riskier for example an overdraft is repayable on demand etc
Then for long term I split it between equity and debt finance and just talked about the pros and cons of both, equity is higher cost due to return required from shareholders due to being last on liquidation and debt is cheaper due to tax shield but also lower distributable profits.
Honestly that could be all wrong hahaha
