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Please check out the posts in the EPSM forum https://opentuition.com/forum/ask-acca-tutor-forums/acca-ethics-and-professional-skills-module
@Robo2795 thank you for sharing that information about centres in the UK
Welcome to my forum! That’s a good question you ask – though I think you have answered it yourself. The inventory RoMM seems clear to you so I’ll suggest a couple of reasons why revenue recognition is less likely to be a RoMM, even though there’s “variable consideration”.
You’re looking at stores, ie a retailer, so revenue is recognised at the point of sale. At the POS, there is a double-entry, if overcharged the customer will likely complain to rectify the matter, if undercharged and they walk away, the sale is under-recorded (on both sides) but there will be no misstatement in the financial statements (ie it’s a business risk of being a retailer).
The presumed risk of fraud in revenue recognition (ISA 240) is typically overstatement rather than understatement.
The risk in inventory valuation is much more likely because the write down to NRV is “it’s own double entry” and an accounting estimate.
What can I say? This is consistent with my original advice “I have been advising ACCA students for 30 years and my best advice to you – honestly – is to draw a line under the matter. Hanging on to what is not even a remote chance of a successful appeal is just postponing moving on and resitting the exams.”
I know from first hand experience that the admin processes are very rigorous.
I know you had your sights on OBU, but again – to be honest – a professional qualification has more kudos than a degree. If you’re desperate to have a degree you could always consider a master’s post qualification.
Welcome back to my forum! That’s a good question. Let me clarify a couple of points …
Written representations are not “to” management – the auditor writes the representations needed for management to sign – so representations are “management’s representation” i.e. “from” management.
Then the representation is not that fraudulent transactions “are known” but that those that are known (or suspected) have been disclosed to the auditor – it’s a good example of a representation relevant to the completeness assertion.
This is the illustrative wording from Appendix 2 of ISA 580 Written Representations of three representations concerning fraud:
• We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. (ISA 240)
• We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves:
o Management;
o Employees who have significant roles in internal control; or
o Others where the fraud could have a material effect on the financial statements. (ISA 240)
• We have disclosed to you all information in relation to allegations of fraud, or suspected fraud, affecting the entity’s financial statements communicated by employees, former employees, analysts, regulators or others. (ISA 240)Ah! Congratulations on your membership and thank you for taking the time to add information to this post for the benefit of other users.
I have read that when selecting download, there’s an option for active students to choose all or passes only.
@Yocheved – welcome to this forum – though your question should have been a new post rather than attached to this unrelated post. If you use the ACCA exemptions calculator https://www.accaglobal.com/uk/en/help/exemptions-calculator.html and put in AAT as the Institution you will see that AAT level 3 does not get you any exemptions from ACCA’s professional qualification, but if you pass AAT level 4, you will be exempt the first three knowledge exams (BT, MA and FA). So you don’t need to study separately for AAT level 4 and ACCA’s BT/MA/FA. If you’re planning on registering for ACCA and not sitting AAT level 4 there’s not reason why you can’t start studying for ACCA while completing level 3.
The notes here https://opentuition.com/acca/aa are valid for exams to June 2026 and take into account the consequential amends for IFRS 18.
And remember June is the first exam of each new syllabus/finance act (or equivalent).
UK students are generally better supported in the UK, not only with tuition, but relevant content that is technically updated. There in minimal/no support for some variants with texts that have relevant technical content but no uptodate exam style and standard question practice.
Yes – select topic: Exams
select option: Booking an exam
select exam booking type: Session booking
scroll down past all the information in blue box
Do you need to contact us? It’s down here that I’ve seen “live chat” feature – but it’s possible that due to the current booking issues it’s either too busy or suspended.
In the absence of “ask chat”, select Yes and fill in the required information for sending an email.I don’t know if you’ve used the contact form relatively recently, but since the menus have been populated with information and there’s a live chat option (at the bottom of the “form”) until 4pm (UK time) Mon-Fri, I think queries are being answered more efficiently.
I suggest that ACCA does not offer different timeslots for variant exams to avoid having to write different exams, which would otherwise be necessary. If you don’t get the answer you want from this post I suggest you contact ACCA directly: https://www.accaglobal.com/uk/en/footer-toolbar/contact-us.html
I’ll be very interested to know in what terms the findings are reported back to you!
Exams are always in the first FULL week of a month, never starting with days in the previous month.
I think not. You can only use the methods available in myACCA, which are listed here https://www.accaglobal.com/gb/en/member/membership/managing/pay-your-subscription.html
Agreed, but remote exams should be sat in a quiet location, unlike an exam centre. In an exam centre an invigilator can see if ear plugs are foam. And there’s no harm in asking before using.
On the basis that headphones/ear phones are specifically prohibited, I would say that non-electronic items to put in your ears are permitted. I would advise that you have them displayed before the exam starts/ask the invigilator for permission, so you aren’t interrupted during the exam.
Welcome to our forums! Please note in the forum rules that you are asked not to make multiple posts but post to the appropriate forum.
The current ACCA Specimen is here https://specimen.accaglobal.com/flk.html
Welcome! See my response here https://opentuition.com/topic/urgent-please-please-help-failed-both-fr-aa-at-49 You can also search “mitigating circumstances” using our search on this site https://opentuition.com/search-opentuition/#gsc.tab=0
