• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Kyaw

Profile picture of Kyaw
Active 6 years ago
  • Topics: 31
  • Replies: 37
  • ☆☆
  • Profile
  • Forums
  • Topics Started
  • Replies Created
  • Engagements

Forum Replies Created

Viewing 25 posts - 1 through 25 (of 37 total)
1 2 →
  • Author
    Posts
  • May 24, 2015 at 4:43 pm #248463
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    I think bpp is wrong

    May 24, 2015 at 4:41 pm #248461
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    The question may be wrong. Bpp’s errors make me very confused as I don’t know IAS very well. Thank you, sir

    May 24, 2015 at 11:01 am #248362
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you very much, Sir!

    January 31, 2015 at 4:30 pm #224529
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you very much, Sir! You make me clear.

    January 31, 2015 at 4:27 pm #224528
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you!

    January 31, 2015 at 8:08 am #224459
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    I’ve got 81%, Sir. Thank you very much, Sir! You’re are very helpful.

    January 27, 2015 at 5:28 am #223871
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    I think ACCA specimen exam can’t be wrong.

    January 27, 2015 at 5:23 am #223869
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    This question is very confusing. I can’t distinguish what is right or what is wrong. When I sit ACCA specimen exam, the correct answer is A. Which answer should I gave for a question like this, Sir?

    January 26, 2015 at 5:17 pm #223832
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    This question is really driving me crazy! The following paragraph is from the CreditManagementWorld.com.

    Revocable vs. Irrevocable Letters of Credit

    A Letter of Credit may be revocable or irrevocable. In a
    revocable Letter of Credit, the issuing bank (representing the
    buyer) has the right to cancel or alter its obligation at any time
    before payment of a sight draft or acceptance of a time draft.
    That situation exists even if goods were shipped in reliance on
    the expectation of payment.

    It says the issuing bank (representing the buyer) but ACCA specimen exam says it is wrong. Help me!

    January 26, 2015 at 5:11 pm #223831
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    According to the document from the link you has provided to me, I think the issuing bank is the buyer’s bank and the answer for the above question should be C. Help me, Sir!

    January 26, 2015 at 5:01 pm #223828
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you very much.

    January 24, 2015 at 4:14 am #223594
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank You, Sir! You are very helpful!

    January 22, 2015 at 3:48 am #223317
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Then, the correct answer should be A, right?
    I think BPP made a mistake.

    The following sentence is what they explained.

    Appeals from a Magistrate’s Court are heard by the High Court(Queen’s Bench Division)

    January 18, 2015 at 5:43 pm #222927
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you very much, Sir!

    November 30, 2014 at 4:53 am #214575
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    He made personal pension contribution of 80000.

    November 28, 2014 at 8:22 pm #214180
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Her adjusted net income clearly exceed 118880. PA is Nil

    118880-100000=18880/2=9440

    November 27, 2014 at 5:58 pm #213910
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    If there is no frank investment income, total taxable profit is augmented profit.

    November 27, 2014 at 5:57 pm #213909
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    You should look the augmented profit to determined the tax rate not total taxable profit. Be carefual if there is associated companies. If the company has x number of associated company, the upper limit and lower limit should be divided by x+1.

    This means
    One associated Co, then
    Upper limit 1500000.÷2=750000
    Lower limit 300000÷2=150000

    If Two associated, then
    U =1500000÷3=500000
    L =300000÷3=100000

    November 27, 2014 at 5:40 pm #213904
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Deemed disposal proceed…………189000
    Less indexed cost…………………….138400

    Gain…………………………………………..50600
    Less rollover relife…balancing……34000

    Immediately chargable gain……….16600
    (189000-172400)

    November 27, 2014 at 5:29 pm #213901
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    You should calculate both methods in the exam but always select strict method. If avg method gives higher amount the taxpayer will choose the strict method. If avg method gives smaller amount hmrc will choose the strict method.
    If there is no repaidment, you only need to calculate the strict method.(avg method is not required )

    November 27, 2014 at 5:18 pm #213898
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    10600 is related to 2012-13. Loan intrest received 32100 includes intrest of 10600. which relates to 2012-13. Therefore what we received for 2013-14 is 21500 (32100-10600).
    Intrest related to 2013-14 is 32800 (21500+11300)

    November 26, 2014 at 10:12 am #213351
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    Thank you very much, Sir!

    November 22, 2014 at 10:36 pm #212282
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    If the taxable income is 60000 and taxable gain is 12000 not qualified for e relief and 22010 qualified for e relief.
    If the taxpayer made gross personal pension contribution of 50000.

    CGT
    22010@10% = 2201
    12000@28% = 3360

    Gain qualified for e relief will always utilized the basic rate band first.

    November 22, 2014 at 10:26 pm #212281
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    If the tax payer is a higher rate tax payer, he will be paying CGT @ 28%.

    CGT
    12000@ 28% = 3360

    If the gain is qualified for e relief, CGT will be 1200 (12000@10%)

    If the taxpayer made gross personal contribution of 50000, the his basic rate band will be 82010 (32010+50000). Taxable income of 60000 will utilized 60000 of basic rate band. The remaing basic rate band is 22010.

    CGT will be as follows

    12000@18% = 2160. (Because 12000 is within the basic rate band.

    If the gain is qualified for e relief, CGT will be 1200 (12000@10%)

    November 21, 2014 at 11:31 pm #212057
    d2e0ccdc043361e974b769b8cda40636b1b08c8221ff01358dd023f1694ecbb7 80Kyaw
    Member
    • Topics: 31
    • Replies: 37
    • ☆☆

    CGT for e relief is 10%(the only limit for this is lifetime limit 10 million)
    for basic rate tax payer CGT is 18% until 32010 and thereafter at 28%.

    For example your taxable income is 20000 after personal allowance and CG is 25000 after annual exemption

    CGT
    32010-20000=12010 at 18%
    And 25000-12010=12990 at 28%
    If you have gain qualifying for e relief, it should first use the basic rate band.

  • Author
    Posts
Viewing 25 posts - 1 through 25 (of 37 total)
1 2 →

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • wZaidhan on Sources of Finance – Islamic Finance – ACCA Financial Management (FM)
  • manahylilyas on The financial management environment – ACCA Financial Management (FM)
  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in