Forum Replies Created
- Posts
Definitely it is. I passed AA & AAA self-study, and I don’t work in Audit and have no experience in Audit. The ACCA Pakistan lectures on Vimeo are really helpful imo.
Lots of marks going for the strategical and ethical implications of closing stores in Noria, and moving out of Centrum altogether, but yet only had a couple of points to make. What approach did other people have on this?
First time pass on this. Didn’t use any text books or revision kits, just dipped into OT notes/lectures, and Kashif Kamran’s revision webinars are amazing. Find these on Vimeo or Youtube. Best use of 10-12 hours ever.
Also, the key to this exam is WHY! Just keep asking yourself that word in the exam.
Simple example: Recast the totals….why?….to check the accuracy of the balance…why? as the (relevant balance in) the P&L could be under/overstated. Similary, if explaining an ethical threat, Why is it a threat, and what would the impact be. Stating the Ethical Threat, or the procedure will get you virtually zero marks in the exam, it is all about explaining the impact. Know your ethical & professional threats, and the main IAS/IFRS, and those alone will give you a really decent chance so long as you write down the WHY, and then WHY again!Hi Mob94…congratulations!
I received 2 x 1st in Ireland’s which were notified by post from ACCA Ireland, within about 2 weeks of the actual exam results (I wasn’t with any learner provider as I was self studying so it was only the ACCA notification I got). No award ceremony for me either. Enjoy the 1st, great feeling!Short term leases where less than 12 months with no option to purchase can be exempt but treatment must be the same if all items in the same class, so in the question, they should have treated all 3 the same and expensed directly to SOPL
Anyone question the validity of the Contingent consideration calculation being based on 18% interest rate discounted, when another point in the question mentioned company weighted average was 10%?
Incredibly long! I didn’t think 15 minutes reading time gave any decent absorption of the information. I was still on question 1 after 2 hours and left part of it. Exam technique was pretty rubbish for the next two questions as was under so much pressure. Knew most of the information, just couldn’t give a decent stab at writing what I believe the examiner was looking for. Pretty miserable after that…
Does the restriction only apply when item is held at historical cost as opposed to revaluation model?
Sorry Mike. It’s in BPP practice & revision Kit. CBE style OTQ bank (accounting for associates). Pinot & Noir! Thanks. Jean.
The old propulsion system is gone. The new one is worth 140 million. 5000 hours (of 50,000 hours) are depreciated for the year. i.e. 140m * 5000/50,000 as per answer.
Repainting is an expenses of 20 million. The carrying value of the old propulsion system was 25 million when the new one was brought in. It doesn’t mention anything about it being scrapped for money, so therefore 25 million is the loss recorded when it was replaced by the new one.
You may well be correct with the 0.35 as opposed to my 0.37 allowing for rounding. Fingers crossed for us all.
I did use the 400 as outlined above, and after working out variable cost, i plugged it into MC=MR=a-2bQ formula. I can’t remember what my optimum price and demand worked out as though.
I did…time for 1000th unit came to 0.37 hours. I then used this in Variable cost total, to come up with MC, which I equated to MR, to find the optimum price/demand.
Nice paper I thought, hope I did it justice as you can never be sure. Didn’t think there was hidden pitfalls. Didn’t do a great attempt on question 1 – got my self confused I think on the chargeable gains and offsetting losses on these. How did you find it?
Thanks John – 69 based on open tuition alone. You guys are brilliant. Tough exam. Hard luck to those who didn’t pass this time – don’t give up!
