[mariia21]

This student-member thing is only valid for those who wrote their last paper. And you will also get your result by email, which is linked to myacca account, during the first 15 mins after UK midnight. Good luck! 🙂

[mariia21]

We all will see them in 4h 41 min.

[mariia21]

Hi guys! This new way with TEST email is working for me as well. Hope the results are true. Passed P4 with 50 – tough and very close to fail it the second time! – and P5 with safe 62. In March I failed 2 exams P2 and P4, I felt like I do not want to do this any more, but now I feel that it is not the end of the world with fail thing, but just the negative experience, which helped me not to judge myself too strictly. Good luck everyone!

[mariia21]

Hi, thank you very-very much for sharing experience! The prices seem to be reasonable, in comparison with what I imagined – 5 stars hotel to invigilator and at least 300 usd total cost))) The picture looks much more optimistic now 🙂 Have a nice day!

[mariia21]

Hi, if I am not mistaken, the second question was – should we accept or reject the project and the third – limitations of directors’ benchmarks – I wrote about problems and limitations of DPBP there, as NPV was positive.

[mariia21]

Have you noticed any current interest rate in the question?

[mariia21]

Hi everyone, I have just got the answer from “Ask the tutor” section reg variable loan rate:

“It depends what other information there is in the question.

If you are given the current interest rate then you would use that (obviously net of tax relief). If you are not given the current interest rate but there was other debt borrowing, then you would use the cost of the other debt borrowing.

But again, so much depends on what other information there is in the question.”

[mariia21]

Hi, guys! Does anyone remember how to treat variable rate of loan and how to calculate cost of debt in this case? I mean 31 question – 3 mln loan with variable rate. What is more they do not give interest rate to us – so it can not be used. My head is exploading)

[mariia21]

Hi, as per Kaplan kit, this is:
– checking framework acceptable
– checking managers implemented internal control
– obtain mngrs confirmation and agreement that they used applicable framework, give auditor access to records and provide written representation about smth) do not remember))
however tough exam for me, will hardly pass it

[mariia21]

Hi!

Personally I am not sure and would probably use black ball (NOT gel) pen only. But have just found similar conversation on this forum and that is it:

“Hi all,

– only black ball pens can be used on the answer booklet, nothing else, no highlighter, pencils, different colour or anything!
– you can take a highlighter pen for the question paper – I would highly reccommend it!!”

Hope that would help.
Best regards and best luck!

[mariia21]

Hi!

I have not passed F8 yet – just preparing for September session and it would be paperbased because I passed F5 as CBE and me personally see several advantages of paper exam compared to CBE:

1) there is only one correct answer in test-format questions in paper based version – noway they ask You to fill in the gap, add missing word and so on, only choose from given results.
When passing F7 on paper I firstly made Section C and after that completion of Section A and B was like getting rest for me.
2) when I am preparing to exams using paper Kaplan Exam Kit, the questions are on paper and my answers are on paper (I usually write answers or do notes while preparing), so paper version of exam is very close to my preparation.
3) it is much easier for me to estimate tasks, rested to complete with exam booklet

Hope that would be helpful.

Best regards, Maria

[mariia21]

Dear Tutor,

Please let me return to Anthony’s question.
In our lectures notes page 61 it is stated that:
” if the employer bought the accomodation more than six years before first provising it to the employee, the property’s market value when first occupied by the employee is used in the calculation of expensive accomodation benefit instead of purchase price.”

Why should we use original cost here? Property was provided to the employee more than 6 years after purchasing.

Thank You in advance.

[mariia21]

Hi!

In my opinion, You definitely have enough time. It took me about 3 weeks of very relaxed studying to prepare at home, using Opentuition lectures and up to date Kaplan Exam kit. Passed December 2016 CBE exam version.

Good luck!

Best regards,
Maria

[mariia21]

Dear John,

thank You a lot for the answer, it makes all the thing clear when figures are used!

The question is “If cash in the bank is used to pay some of the payables, what will be the effect on the current and quick ratios ” with answer – increase/decrease, definitely should be misprint in the Answers section.

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