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Failed with 40% on my first attempt. Will take it again in March 2018, hitting P5 in Dec 2017.
Well done to everyone who passed; P4 is not the easiest subject.
Apologies, I have not yet seen any notification that there are no updates to P4.
Thanks for the notes and lectures; I really appreciate it and it makes the worlds difference 🙂 thank you so much!
53% on my 3rd attempt, 1st attempt using Open Tuition, so happy! Thanks for the great lectures and notes!
Passed second attempt with 55%, so happy!
Thank Open Tuition for the help; I would definitely not have been able to pass without your videos and notes.
@kevikraze said:
I know 1C) was about the pension scheme and how the directors were worried about increase from 10-15 and how they planned to use creative accounting to have the pension costs go through oci which would increase operating profit and this is what their bonus was on, basically think you had to say the scenario and then talk about it being unethical ect.1)b) I literally had no idea what this wanted, something about different Ifrs for small entities. 0/8 for me
I didn’t know much about it either… I assumed to explain items such as service costs that are SPL items and actuarial re-measurement that was a OCI item. Then stated that it will be OCI and not reclassified to PL because the entity will never benefit from it as the financial gain or loss will stay in the pension fund but it increases the value of the business hence we recognise it… but I don’t know if that’s correct. I hope the marker thinks it is.
P2 was OK, I could answer every question, rushed to get at least a written page or more on each of question 2. a, b and c as well as 3. a, b and c.
Question 1 was so-so, the disposal calculation was a bit of a fail and didn’t know much to much about 1. b but wrote a lot of stuff in the hope of a mark or two.
I am hoping for a pass, I really put a lot of time into preparation for the exam.