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There are multiple questions for the AAA exam, not everyone will get the same questions. However all the questions will be exposed throughout the day.
I had a technical issue halfway through my exam I could not type or navigate on the system. I received no support in 40mins. I received no phone call. I had no idea what do and called ACCA. I was incorrectly told to turn off my computer and I could resit AAA next week.
ACCA remote exam team in ACCA gave incorrect technical advice and wrong information.
I was then later that day told I cannot resit the exam, ACCA would never do a second sitting because exam questions are exposed throughout the day. Key issue for regulatory approval.
I turned off my computer because ACCA told me so , and was then told by ACCA I should not have turned off my computer.
I then found out some students were offered a sitting the following morning. ACCA reasoning was that the resit was last minute and within 24hours.
I was furious by the complete mess this exam sitting was.
We as students are expected to identify quality control when ironically there appears to be very little quality control, internal controls or accountability from ACCA for this exam sitting
Its certainly a strange way to test people under such time constraints. I suppose the are thinking the knowledge should be so crystal clear it should just flow out without the need to much consideration.
However in reality its not a realistic scenario for accountants to work in. You would not hand over a rushed piece of work to anyone unless you had time to review, think about it and check it.
The brand questions were IAS 38 Intangible assets. An intangible with an indefinite life is not amortised buy tested for impairment at the end of each period with gains/loss going to profit and loss
I passed first time with 57%. I did face to face classes,. I did two section B questions then section A. It meant that when I was running short on time I could skip ahead on different parts of the section A question and didnt have to read a whole new scenario in the final minutes of the exam. Which I think is what got me over the line. I had something written for almost every question subsection even it was only a couple of lines in some cases.
Lack of time was the biggest factor for me.
I did the two section B questions first then the Section A
I was not expecting ROI and RI. I left out the RI calculations and just added in commentary on the pros and cons of ROI and RI as performance measures.
I found the BCG questions confusing on how to link it to performance management. I focused on KPIs for the various stages Cash Cow, Star, etc. But not sure if I answered this correctly.
The BPR question again ran out for time here and had to move on.
Overall my impressions were it is as much a time exam as much as knowledge and analysis. I am not sure if this is a realistic way to prepare students for real life. To provide board level analysis and recommendations in such a rushed manner.
I struggled with time management also. Its not supposed to be a time pressured exam, but it most certainly is. Probably the most time pressured of any ACCA exam I have done.
I dont think there was one questions I answered fully that I was completely happy with. I just kept moving on to the next questions after my set time was up so a couple half answered questions or partially answered.
I tried to use SFA for the purchase of the other publishing company question, but found I lost time doing this trying to fit it into the model and did not include many of the points doing this. Had to move on after 30/35mins. Should have just used Financial and Non Financial.
As many others have said the last question was a mess trying to squeeze in to a messy one page grid. I quickly realised how bad it was going to look but didnt have time to start again. It was terrible , very short answers as a result with as few characters as possible, a little embarrassing handing up something like that at this level.
SBL will be moving to computer based exam next year. This final question looked as though it was designed for the computer based exam where you could use a grid on a word style document and not worry about spacing or length of each point, overlapping etc.
To request this style on a written paper based exam makes little sense. The slide format on paper is a little questionable imo , however easy enough to lay out. A grid format is just a complete mess in a written exam.
I have been told by ACCA that their are different variations of the F7 CBE exam. So not all candidates would have had the same questions.
@ak2401 Both my questions 31 and 32 were in a word type document. It made it very difficult to answer the consolidation/combination statement of financial position. Could I ask where you took the exam?
I have made a complaint to ACCA about it because I didn’t not think it was correct that we were asked to prepare a statement of financial position in a word doc.
Thanks,
Mark
Did anyone do the CBE version. The Business Consolidation question at the end 32 i think was in a word doc format. I have never seen this and only have practiced on the excel type sheets. Completely threw me and i lost a lot of time trying to format and add on the calculator…. what is the point of computer exam if we are doing a spreadhsheet question in a word doc? Its slower than paper… did anyone else have this issue?
