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Passed 67% first time, very happy given it was a tough exam.
For those who failed don’t give up, this exam focuses heavily on exam technique and really understanding the question they are askingWasn’t quite what I expected. Question 1 with the balanced scorecard seemed okay. Question 2 I had the BCG matrix, which to me was worded a bit funny so took me a while to understand what they wanted, but once I did seemed okay.
Question 3 I struggled the most with the building block model, found it difficult to relate all dimensions back to the report. Also 10 marks on computing software took me by surprise!
Overall felt like a pass, here’s hoping anyways ?
Passed first time with 62%, absolutely no idea how. Would love to know what the answers were!!! Can’t help but feel ACCA have been more lenient with marks as a result of the poor feedback?
I vaguely remember the 1m. It said something along the lines of the company offered the tokens at 90% value to the investors in order to raise funding. If 9m worth of funding wasn’t raised then the icos were abandoned and so had to be paid back by investors by 30 September X6, They then told us that at 30 September X6 the company managed to raise 10m of funding. One of the questions was how to account for the funding, I genuinely had no idea.
Quite possibly the worst exam I’ve ever sat. I said the footballer was a contract asset but god knows. Can you even amortise footballers??
As for the crypto one it blew my mind, and then offering tokens to directors that they can exchange for a car?! Does this happen in real life ? I just mentioned you couldn’t really distinguish between whether it was equity settled or cash settled so must be employee benefit, but god knows
Then selling trees, that was a fun one too. Fair play to Acca for choosing the most random businesses that we have no exposure to in the notes!
The group question through me off, all the adjustments seemed related to investing cash flow rather than operating so I was stumped on that one!
On the plus side, the resit in March should be easier 😀