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Alright thanks. I guess then that any major news stories from 2021 can be used to show how the the strategy has developed over the past few years and the show its influence on the outcome.
Passed with 69% first try! Thank you to John for making the lectures so easy to follow and enjoyable, everytime I had a problem with an exam question I just searched on opentuition and he had always answered my question already!
I looked at the syllabus and then google searched the topics there. If you do that lots of results come up, ifrs.org, ey and deloitte had some useful summaries on some of those issues.
Passed first time with 75%! couldn’t believe it, I guess that revising cash flows paid off and reading up on the current issues. Thanks to Chris and opentuition!
This will probably be my first resit. I went through all the Bpp kit and some questions in Kaplan that weren’t covered in the Bpp kit. Also, did all the specimens and read about the current issues.
For the last question, I don’t understand how we were supposed to explain the figures in the tax reconciliation, we weren’t given enough information as to what they were about. I haven’t seen another question like that anywhere for deferred tax.
Seems like the pass rate will fall dramatically from 49% in September unless they are really lenient in the marking. That’s why I made sure to put some answer for every question, just in case I could scrape a pass.
Passed the first time with 81%. It was my last F paper and the first one for which I did not read a textbook just used opentuition notes and revision kit. Thanks very much to the tax tutor! The video lectures and notes are very comprehensive.
Passed with 73% first time! Thanks to Mr. Moffatt’s excellent lectures and past question practice.
Regarding the pecking order question, which option was correct… companies will choose unsecured debt first over secured debt, or will choose secured debt over unsecured debt?
I put that they would prefer secured debt because it would be cheaperHi, I want to sit the Irish F6 exam in June 2018, did anyone manage to pass by doing it self-study, and what books did you use?
Passed with 76% first attempt. I found it the most challenging exam so far because it was the least interesting. I just kept practising past exam questions, I wrote them out in full and timed myself doing them.
There was question about things to consider before setting up an internal auditing department, for 4 marks I think. Also, how internal auditors would help deter against fraud aside from fraud investigations, for 2 marks. That was a pretty nice question.
Another question was about substantive procedures on sale or returns. I haven’t see anything about this in the book so I had a guess. I said to ensure they are accounted for separately, not included in revenue til past the 60 days, ask the director why he believes only 15% will be returned and review supporting documentation, and that it should be in liabilities til the sale is finalised – but I believe that is wrong! So I don’t have too much hope for marks here.
Another one was objectives of the sales and despatch system, I think they were looking for 4 objectives.
The MCQ about misstatements, materiality level was around 40,000 I think and the total of
uncorrected misstatements was less than the materiality level.
The two choices I can remember were :
To extend substantive testing to see if more misstatements would be found;
or to get written representation that directors believe aggregate of misstatements to be immaterial.
I chose the latter because the question said it was in the final review stage.Also, the question where the Auditors were considering tendering for a client’s competitor’s audit. I was stuck between two options:
Have the quality control reviewer review both audit files;
Have the quality control reviewer review controls over both audits;
I chose the latter because it was just at tender stage, so there’d be no audit files to review yet. Don’t remember the other choicesPayables question I chose reduced to 41 days because payables were understated
I am trying to log on now to complete this module but the website says it is down for routine maintenance. I hope it will back up in time. According to a staff member via a chat window, we have until the 31st October to complete it. But I am not sure that she is correct because I have seen on the acca website that it says it must be done before October.
Does anyone remember question 8, which asked which costs were the indirect costs?
I ran out of time and had to have a quick guess, first I had 45 then I changed it to 36.