[hazlin23]

The exam was really tough. I was quite happy that SOFP was being tested but when I got into the goodwill and the nci, I couldn’t do any of it, so I just proceed with the adjustment which in this case not many and didn’t carry enough adjustment marks to pass.

Question 2 and 3 were okay but I didn’t managed to finish them all. I’m praying for miracle here, guys.

Anyway, has ACCA curved the grade or lower the pass percentage before? With this kind of paper, I hope there’s some consideration from them but if not, oh well.

[hazlin23]

Thank you so much.
That was helpful.
Exactly what I was looking for.

[hazlin23]

I found that most of RECOGNITION criterias involved these three key items:

Control : the enterprise must have ownership or rights of control akin to ownership that result from a past event

Value: future economic benefits are expected to flow to the enterprise from its ownership or control of the asset

Measurement: the cost or fair value of the asset must be measured with reliability.

(source: technical articles P2 IAS41)

[hazlin23]

Thank you so much for the explanation, Sir. It’s very helpful.

[Author]

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