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Finally passed, at the 3rd attempt 59% and finally an affiliate! I am so happy it is over! Good luck to everyone!
PS: Do you know when the PER section will be available??? I am pretty sure I have completed it, but I cannot find it on myACCA…Passed at 2nd attempt, 63%, thank you OpenTuition!
I have studied the OpenTuition notes, and focus on past exams. You need to remember not to mix evaluation of the report (usually in question 1) with actual report preparation, that is what I did the first time and failed.I feel exactly the same, ACCA is not very transparent as it does not allow students to see their paper, also it does not provide the answers to the exam questions instantly after exams but after few months so students are already forgetting what the questions were, and they do not provide answers to all questions even…
I also have 2 exams left, I was sure I am going to pass the APM and I failed – considering the admin review but probably it is pointless. I do not understand what I did wrong on the exam and that makes me feel frustrated.
I guess that is what ACCA wants us to feel – so we pay for the recommended by the institution classes and materials. That also does not seem to be very ethical as ACCA recommends study service providers, and then we need to take an obligatory survey and tell them how we studied, which service provider did we use… That would be ok if it would be anonymous and maybe after the exam results are reviled, not before, that simply is not right.The contingent liability in 20 points question, was tricky, I think it should be excluded from the statement of financial position, as it can be disclosed in notes if its probable, but not in SFP. Am I right?
‘A contingent liability is a potential liability that may occur depending on the outcome of an uncertain future event. A contingent liability is recorded in the accounting records if the contingency is probable and the amount of the liability can be reasonably estimated. If both conditions are not met, the liability may be disclosed in a footnote on the financial statements or not reported at all.’
