[matchamulonde]

@Soho Thanks. Affiliated? nice one that makes the two of us. Cheers!

[matchamulonde]

@Soho Congratulations!!! how many more left to go and which ones? I have straight away embarked on my MBA with Heriot University, Distance learning (again self taught) hopefully I make it. As an affiliate you get given generous exemptions out of 9 that I should have sat for will sit for 5.

[matchamulonde]

@Soho for the March 2016 paper P4 sitting I was even the best Student in my country and No.23 in the whole world and I got a prize.

[matchamulonde]

@Soho yes I do thanks a live in nanny.

[matchamulonde]

Passed at first attempt and now an affiliate. Did self study, full time employee, married and a mother of 4 boys, never failed a single paper. Sat for my first exam in June 2014 and finished ACCA in exactly 2 years and half. Determination is key. Revise alot of exam papers and learn the exam technique.TIME MANAGEMENT IS KEY AS WELL. Glory be to God.

To all those that are still studying I can only say all the best

[matchamulonde]

Thanks mayadoncheva so does the 4 professional marks relate 2i which had a report? thanks alot for updating me

[matchamulonde]

Can someone kindly remind of how the marks were allocated in question 1? cant remember I think question 1 was an 18 mark one and whats the rest to make 50? kindly advise

[matchamulonde]

Passed P2 on my first attempt only one more paper P3 to go in Dec 2016. God you are so merciful.

[matchamulonde]

Kenneth it can be so hectic even preps ain’t upto scratch not until you know whether its a pass or fail

[matchamulonde]

Was actually thinking at one point that he is your assistant especially seeing that I haven’t gotten my response from the Tutor on the Reclassification to Profit or Loss from the OCI but instead got a quick response from Wesbyss so I took it that he’s an OT tutor.

Wesbyss are you a finalist if I may ask? because you seem to come out so quick and so well on each and every question and if you are a student yet to sit for P2 then I guess for you its a known pass.

[matchamulonde]

Hi Binh

I’m thinking what you need to understand in your first question to the tutor is the CHANGES IN OWNERSHIP which I had challenges in understanding but I’m happy now that I do. There are four forms in it and dependent on what you are asked you will then be able to determine whether its profit on disposal etc etc it starts from understanding the following:

Relationships Entity
Control Subsidiary
Influence Associate
neither Investment

so from the above, relationships and entities may move in any direction such that @ times you may come from an associate to Subsidiary of vise versa and the four ways in Changes in ownership is as follows:

1. Acquisition – (say from 10% sub, purchase additional 40 percent and in substance you have moved from Investment to Subsidiary).

2 Disposal – from a subsidiary to either Associate or Investment (you calculate profit/loss on disposal)

and the other two are two forms of transfer which are:

3. From NCI to CI (use proportionate method) and

4. From CI to NCI (use the percentage method)

not sure if this will help and I stand to be corrected by the tutor where I have missed it.

[matchamulonde]

Thank you much well understood now and appreciated and will do as advised in the future about different subject matters.

[matchamulonde]

Thankyou very much for your reply now I understand.

Would also kindly tell me what is observable inputs and unobservable inputs in Fair Value – Valuation technique hierarchy. I do self study and so I turn to get stuck with certain terms. I saw a setence that said maximise on observable inputs and minimise on unobservable inputs) but then I don’t know what they mean

[matchamulonde]

Very very helpful as I also got stuck on this part of the question and I really got frustrated. the 10 year thing was easy to understand but the 34/40 thing was really confusing and I couldnt make out what the reason for the fraction was. It makes a lot of sense to learn that it was because the Sub was for six years. Will now go back to the question and see if I can see things the way you have explained it. Thanks alot

[matchamulonde]

passed with 54% first attempt self study and haven’t done P2 yet. what a great feeling I owe everything to the almighty

[matchamulonde]

Now results are in via email thank u jesus I made it on first attempt

[matchamulonde]

You guys that have received results is it via email or sms? Nothing for me has come through yet

[matchamulonde]

I really need help on how to convert currencies in questions like in the December hybrid question 2 (a) called The Armstong Group and also in similar questions No.68 (b) in the Kaplan Revison Kit called Multidrop.

[matchamulonde]

Dear John Moffat

Kindly assist me with how to go about finding the payment/receipts amounts when exchange rates are, for example given as in the Hybrid questoin two called “The Amstrong Group” I know how to find the amounts by diving each amount per say with the middle rate but in the case of questions like this how did they calculate the amounts 12.17, 3.97, 3.88, 19.78, 2.13, 2.98 and 2.11. I really feel frustrated because I ve known Netting questions to be quiet friendly

[matchamulonde]

I sat for F4 english CBE Exams on 03/09/2015 and I passed with 67% quiet impressive only studied it in a month and I do self study.

[matchamulonde]

When do we get answers for multiple choice does anyone know?

[matchamulonde]

I mean answers for other papers are there on ACCA Website . nd its two weeks more to receiving results yet answers not yet published so suprising

[matchamulonde]

mmmmmhhhh even me I have been so suprised answers for all other papers are there except for F7 one wonders why

[matchamulonde]

How about answers for June 2014 F7 are they available on open tutuition?

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