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Second attempt, but it was worse than the first one. Am I trying to break the theory of the learning curve? Didn’t finish Q4 due to lack of time, needed to reread several times the questions in order to understand what they meant… I’ve chosen Q2 and Q4 because there was less to read, but I don’t think I understood the details around the moulds at all. I am starting to question my English skills as well…Maybe I need to go to a speed-reading class instead of attempting P5 for the third time.
Pass rate 28%, not even one third have passed the last two sittings… Interesting is, that this is one of the final exams, so I don’t think that the problem is in the students, but the examiner is playing with them.
Hi,
in the same question part it is said that :
“If, on 31 July 20X7, the option lapses unexercised, Reven will then obtain control of the plant. In this case,
Venue must will derecognise the plant and recognise revenue of $550,000 (the $500,000 already received
plus the $50,000 charged to interest). ”I don’t understand why Venue must also recognise the interest paid as revenue?
Effectively, Venue sold the plant for 500 000 and the financial liability is 500 000. Why do we include the interest as revenue, as we did not receive the cash?I never felt so frustrated about an exam. I can say I knew 100% of the theory tested on Q1, Q3 and Q4, all the models, everything. Here is my timeline:
12:00 Start of exam
12:40 finished the reading of question 1 – went in panic, as it took so long…
13:20 finished the plan for Q1 and PESTEL requirement (7 points).
And I went into panic again – half of the exam was over and I wrote for 7 marks only…
The rest of the exam was very tense, everything was in rush, I didn’t think of professional language and in-depth, just wanted to write as much as possible.In the revision kit 1 point is given to 3 very long sentences and I could not reach that at all.
I really don’t know how one will be able to pass this exam, unless a native speaker and a fast-reading prize winner…I think to give up, really…