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jonnhy138

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Active 2 months ago
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  • April 14, 2025 at 12:29 pm #716712
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Thank you!
    Did.you just use opentution and an exam kit?

    I know some people recommend hassan dossani so im kinda lost in terms of how to start there

    April 14, 2025 at 11:44 am #716706
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    How did you guys prepare for SBL?
    Congrats on your passes btw

    April 14, 2025 at 12:51 am #716642
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Passed 62%! Final level 2 paper

    March 4, 2025 at 9:10 pm #715828
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    To me this exam was just crazy!

    Section C Q1 – Basically had to calculate 2 Income tax liabilities, NICS and CGT plus theory questions for 10 marks only

    Section C Q2 – Taxable income and the income tax liability with confusing capital allowances and question wording and then more theory questions

    Section C Q3 – Basically had to prepare 3 corporation tax liabilities. Two for a 15 month period and another detailed one on a 9 month period and more theory questions again

    Am i the only one who found these to be too much for a 3 hour exam?

    March 4, 2025 at 6:14 pm #715818
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Having to do 2 income tax and 3 corp tax questions was absolutely brutal man. Dont get me started on those capital allowances

    December 10, 2024 at 10:36 pm #714136
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    How did you guys get interest income in the joint question?
    Michael and Naomi only had Property, Employment and Dividend income and the question said to ignore the savings interest income

    December 4, 2024 at 9:38 am #713814
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Also what did you get for the tax savings question with Naomi and her husband?
    I got 1.3k

    December 4, 2024 at 9:36 am #713813
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    For NRB remaining i selected 0 because they asked for the NRB when calculating the chargeable estate.
    I assumed that the 25k NRB was used when calculating the Death Tax

    December 4, 2024 at 9:34 am #713812
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Apparently deducting them was correct and i ended up adding them instead.

    Its crazy because i never saw of heard of overlapping profits before

    December 4, 2024 at 1:37 am #713796
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Anyone got that income tax question with overlapping profits? Ive never see that before

    December 4, 2024 at 12:48 am #713795
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    What was the taper relief and due date you guys selected for the secion B IHT?

    I selected 20% and due 31 Jul 2024

    October 14, 2024 at 2:02 am #712316
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Passed – 61%

    October 14, 2024 at 2:01 am #712315
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Any tips for tax?

    July 15, 2024 at 12:27 am #708399
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    The june sitting was really difficult though, i did the entire exam kit and the questions i got were so different

    July 15, 2024 at 12:21 am #708394
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Failed with 43% lol

    June 7, 2024 at 11:22 pm #706958
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    The afternoon exam was a bloody disaster lol

    April 15, 2024 at 12:38 am #703955
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Passed first time with 55%

    March 5, 2024 at 11:12 pm #702112
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    The recoverable amount is computed as the higher of value in use and fair value less costs of disposal. 

    March 4, 2024 at 9:23 pm #701988
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Seems like everyone is getting a completely different goodwill

    I got 27.72m

    Some got 54m others 703k..

    Im sure its the net assets calculation that we probably messed up since the Consideration, deferred consideration and the NCI seems to be the same for all of us

    March 4, 2024 at 7:40 pm #701968
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    What did u guys get for goodwill in the consolidation question( ratios )part?

    Where they said that the parent would further pay $1 for each share acquired and there was a cost of capital of 10%??

    October 16, 2023 at 11:57 am #693485
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Honestly, just practice as many questions as you can and master exam technique.

    Substantive procedures should always be verb + source document + why

    Internal controls varies as such just do question practice.

    Audit risk = risk + impact on FS + how can the auditors minimize the risk

    If you follow this you will pass

    October 16, 2023 at 10:42 am #693470
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    @nuelxcel

    Is it that level 3 papers are easier?
    Ive noticed a trend where some people are able to clear level 3 papers easily but are stuck on level 2 papers

    October 16, 2023 at 12:10 am #693351
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Passed AA with 64% a

    April 18, 2023 at 12:15 pm #683130
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    Exam feedback is out

    Got 12/20 on variances
    13.4/20 on performance management
    Hmm

    April 17, 2023 at 6:08 pm #683054
    18a97f5d77e2a53b12b4340422f8d3360736653e7d4efca695797350c4df3366 80jonnhy138
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    • ☆☆

    Hey @Sankwww

    It should be available sometime this week.

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