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@muju said:
Question: How many balls are there in an over?
Answer: 6(SIX)If this were a ACCA exam question the answer would be WRONG and the examiner’s comment in the suggested answers would be
“Most of the students answered the question. However, students have not understood the question correctly. Answer points to a lack of in-depth understanding and conceptual clarity on the subject. Correct answer is 1 ball which is delivered 6 times, if the umpire did not declare any no ball in all those deliveries. In case the umpire declares a No Ball as defined in the Byelaws 24 Rule 3 of the Laws of Cricket (Lords), then there will be an additional ball delivered for every no ball declared by the umpire. Similarly for wide under Byelaw 25 Rule 3 of the Laws of Cricket (Lords) an additional ball will be delivered for every wide ball declared by the umpire. Note that such additional balls will not be counted towards the number of balls…:D
This is hilarious, I am laughing the first time since coming out of exam hall this afternoon
@redrose said:
Hmm..i see pepople commenting about question 1b, on segment reporting..but i
( my opinion).. did not personally relate to operating segment.. actually it made no sense… i think they were asking on ethics regarding disclosure and how it may affect the shareholders and stakeholders…… ( i may not be right).. what do you guys think could i possibly be right?Wasn’t that Part (c), can’t remeber what’s asked in (b) exactly, I could be wrong
Ok I remeber now, part b was about commenting on the situation, and part c was about CSR Vs Shareholder’s rights.
I commented on part b by thinking that somehow the segment report doesn’t need to tell everything since it could be commercially sensitive to competitors, so things like expense and revenue stream may not have to be disclosed in a great detail blah blah waffle
Part C would just be indirectly discussing profit Vs CSR.Q3 was hard, wasn’t it? I have to chew every word on that three parts, it just became disheartening as I went further, god I had so much to say but didn’t know how to put down in words. Nothing much about the figures, it just becomes a pure discusiive question. And yes I agree, who knows about those football shxt ! I might as well become a lawyer.
Question 1 on Pension, I read it a couple of times and finally got the merit of what Mr Holt was trying to test us, then I realise that time was running short…. Giving me 30 more minutes, I could do a proper adjustment on that,
Think back,
2m was adjusted into OCI as it’s a balancing figure for acturial gain, the other 55m net cost would be a P&L adjustment. Was I right? That’d earn me 2 marks maximum but I spent probably 10 mins on that!Are the video lectrues here recorded for this sitting (Dec11), I am not sure it’s worth the time if these are recorded in say 2009
Bogged down with the debenture loan issue in Q1, wasted a lot of precious time, had to give up in the end.
Earnings management – if anybody chose P7, it’s all in there.
Q2, I managed to scrabble a few things here and there. Does anyone know what part b was on about, I had to leave it blank coz I haven’t a clue . Don’t think I will get more than 10 mks 🙁
Q4 leases, had a look on the notes, the sale and lease back is all about FV, I didn’t mention a single word of FV 🙁 The inflation,I didn’t know where to put it so managed to create a term ‘inflation reserve’, I hope the marker will see the funny side of it
Couldn’t possibly be a pass.@jennyapowell said:
I didn’t do a calculation for capital allowences, I just allowed the whole amount as it would be covered by the AIA, but I don’t know if that was right.
I felt the exam was far too time pressured, there just wasn’t enough time to think logically and make sence of what you were being asked to do, especially in the compulsory section of the paper.
Does anyone feel the same or is it just me?I felt exact the same. The question was set in such way that I didn’t feel that I had any chance to show off what I know:
1) Not enough time to think through properly, spent very long time just try to read and understand the questions.
2) After all that, I still didn’t quite understand what the questions was asking in relation to the information he gave?
3) I moaned about this with my last exam( failed 44). I think he did it again, worse
We all know how to contact clients to make enquiries, I wished Rory Fish was in the exam hall so I could clearify with him on the spot!