[liamb]

Mine also froze when the 15min warning came up – nothing worked to close it but luckily I pressed the escape button and it finally closed

I was also asked not to use a scientific calculator… didn’t realise that was a thing? Have used the same calculator for every ACCA exam to date plus I’m due to sit the AFM paper on Friday, which I’ll definitely need a scientific calculator for :’)

In terms of the exam, I have a feeling like it was a good exam to sit. Although Q3 coming up with suggestions to improve efficiency of a production process I found difficult, coming from a job in practice… struggled for any ideas!

[liamb]

@shabbadabbs said:
It was a mixed bag but I had a technical issue, with one of section C questions, I had to do a SPLOCI, however on the excel spreadsheet provided I could only view 4 rows at a time. Did anyone else have this issue?

Yes, i also thought exactly this. Actually wasted time trying to see if there was any option to ‘pop out’ the spreadsheet to try and see what i was doing! bit ridiculous that we’re expected to do a consolidation question and only be able to see 4 lines of workings at one time…

Why don’t they just generate a separate spreadsheet/word answer space for each segment of the question like in PM or FM and a bigger area to work in ?

[liamb]

@barbadoshk said:
Liamb maybe it did on yours as they arent all the same are they, 99% sure mine said in respect of the cash loan?
Can you remember any other questions I’m a little worried about the mcqs I thought they were all very samey, the answers

Sorry… I’ve gone back to revising for the FR exam on Thursday and all audit knowledge has already flown out the window!

Even though I can’t remember the question specifics, I do recall thinking that these MCQs were very similar and simple – hopefully I don’t jinx myself and my understanding was correct :’)

Also, it’s very possible that it was the same question about the lender and that I got it wrong – I thought the three parties were always the same for every occasion (i.e. intended user = shareholders)!

[liamb]

I swear at the top of the question it say the 3 parties in relation to the external audit? so i just put the usual management = responsible, shareholders = user and auditor = practitioner

[liamb]

didnt even answer the last 15 marks of section C and passed with 59% first time?! there is a god (:

[liamb]

@aliansari14 said:
For the cost of equity using the DGM
I got 25. % Something also I think, don’t remember the one with asset beta oh wait I think 8.something

For section B , the working capital question went bad for me couldn’t find the cash operating cycle days and quick ratio so I guessed,the other risk management and market value business valuations were simple but the thoery was abit tricky.

That working capital question screwed me too! I read it and thought ah nice easy marks, but couldnt get the quick ratio at all

[liamb]

@katie8223 said:
I thought the exam was a let down, after all that studying, barely any of the syllabus was examined. I feel like the examiners don’t really like you having all the relevant information, they make it very difficult to pass an exam just by reading the materials provided/distant learning.
Really disappointed after months of solid hard work.

I had the NPV question too and ended up adding the depreciation back in as it’s an irrelevant cost and also adding the r&d back in as that’s a sunk cost? Not sure that was correct though! I got a negative NPV and advised to not invest in the machine.
Also, my study provider only taught us how to deal with straight line and balancing WDA’s..nothing about first year initial 100% allowance and what to do thereafter.

I studied SO much and went through so many questions from the question bank, yet still struggled. I passed all other exams first time so I know what it takes to pass and I have to say, this exam was just pointless to study the whole syllabus for. May as well spent 1 week on just a few areas. Trouble is, you don’t know which little areas will come up!!

Fingers crossed though…you never know 🙂

I think the 100% allowance in first year just means you just calc whatever the tax rate was of the investment (like 15% of £600k) and use that as a positive cash flow in year one – which made my NPV positive

[Author]

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