Forum Replies Created
- Posts
The revision books are updated every year, so even old questions have current rates.
Some people ask for strategy. My was simple – study hard. I started preparation to P6 in December. I knew that if text book has 1200 pages I would need 3 month for reading it.
I made my plan and stuck to it. 10 pages every day trying to understand and to remembers as much as possible. When I finished with text book I made another plan. I did one passed question every day for next 2 months. Also watched opentuition lectures from F6 (very useful to remember basics) as lectures for P6 are not available enywhere for free. Last four exams I did under exam condition withing 8 days before the real exam. Throughout that 6 months I kept reading pocket notes on tricky parts and not examinable very often. So generally my strategy was studying about 1 hour EVERY day for 5 months and then increase the intensity in last last month spending EVERY free moment with P6. Exhausting…I work so my 1 hour was every day during lunch, as I was too tired in the evenings.
I have also family and all those daily chores. But I have to admit that my husband helped me much and I couldn’t do it without him.I did not know what ECA is while reading requirement too. However, I deducted it from the text of the question and just made a guess. It appeared to be good shot. The company made loss in the year, so question asked if it is good to claim 100 % CA or rather to waive it. Not so difficult, right?
Yes, there is not tax saved for A if it pays Gail dividend. But paying bonus is allowable cost so there is tax saving for A. Because Gail owns 100% of A, tax saved by A is good for Gail. So the question is (as many in Revision kit) – what net amount can Gail receive (being the owner of A) taking into account both Gail’s personal taxes/NIC and A’s CT
Isn’t it IT + NIC liability in respect of received bonus or dividend of Gail less tax saving of the business (A Ltd) made on payments to Gail as a bonus or dividend?
Could you give a link to this hybrid March/June 2016 paper? I cannot find it. Last ones I see is September/December 2015.
I do not remember the questions exactly, but if something is not stated clearly (is a company trading or not) then you just have to consider both situations.
I agree, that this exam was very different to previous ones. And it is unfair, as ACCA’s main advise is trying past papers prepare you best. It was not the case here.
However, If I had 2 more hours for analysing the questions I would write for pass without any problem. The questions were not very difficult. Just written in a way impossible to digest in such short time.