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@claireday88 said:
Did anyone have the 12mark NPV for Doppel? Any idea how to deal with the 100% tax allowance in the first year? I had the same thing in Junes attempt and couldn’t find the answer between then and now and it bloody came up again!! Typical!! My friend had the same question and did it completely different to me, so who knows!!I did. I didn’t understand that part that the company needed 8% out of the total revenue as their working capital every year. I had no idea how to incorporate that into the NPV calucation.
Seems like the morning paper and the afternoon paper differed a lot. I sat the afternoon one and there was too much theory. Not many calculations. Even the C questions were based on wordy parts by 50%. And in two out of three section B scenarios, only one question was based on calculations, the other ones were just theory based.
The exam wasn’t exactly easy. Not for me, I am afraid. As I am not a UK citizen, the whole syllabus of UK taxes was quite hard to grasp. The VAT, which is something each person working in finance deals with on a daily basis, is rather a marginal topic in the syllabus and so it was in the exam itself. However, there were a lot of IHT questions. Weird! Unlike in other exams, I noticed here that the examiners incoprorated a lot of nasty detractors in the questions, like an expense for a tombstone, which confused me completely.
@natalia13 said:
Looks like a had the same set of questions in section B:Deficiencies for Zulu:
Purchase orders not sequentially numbered, copy of purchase order not retained by purchasing department, stock count performed using manual stock sheets, poor stock cut off, no segregation of duties in the warehouse, purchase invoices for stock only processed once a month, stock not checked againts original order while receipted by warehouse staff.
That’s all I can remember.
With regards to the exam overall, totally agree it was a disaster!
I didn’t study much for my first try and got 44 marks, I studied quite a lot this time (attempted 90% of questions from the exam kit) and I am well anxious about my results in January! not fair 🙁
I got the same questions. As to Zulu, there was another question reagrding 3 key controls an auditor would look for? I was not sure what the examiner was actually asking so I put in 3 controls that were actually working OK and explained. What did you guys answer?
Down with F8! My head is still spinning. I am so fed up with the questions. I mean part B was OK. I led myself to be led by the scenarios and all the while thought of the assertions and AEIOU. But part A was a disaster. Theory, theory and theory only. Basically no questions with just one correct answer. Lots of matching questions – so you get one wrong and 0 marks you get plus lots of questions with one or up to all four answers correct! And this is what ACCA calls “applied skills”! What are your feelings?
@delamanisp said:
How did you find it?
I got the same questions. I found them okay, in terms of the content but what drives me crazy is the CBE programme not working correctly. I don’t understand why the ratios and NCI calculations were required to be claculated in a word processing document??? You could easily do this in a spreadhseet insted of having to key in all the numbers and doing everything manually. But even the spreadheet does not work like a normal Excel spreadsheet does.
@saruccia said:
Passed with 57% on second attempt, sooo happy! I needed this for motivation for my next paper in June. Thanks to Sir John Moffat for your lectures. Two of my colleagues failed with 49% which is like the worst score ever, soooo close yet so far.
To all that has not passed, dont give up, think about your future. All the best for another attempt.Congrats! 49% is indeed the worst score ever. It’s funny because when you read the exam tips from Kaplan or BPP, they say that getting a question wrong does not make a difference between passing or failing…. well, it does apparently with scores like 49 -51.
This feels like New Year’s Eve here… I should probably get myself a glass of wine 🙂
I’m waiting for my F5 results and passing time by revising for F4 which I am taking this Wednesday. Good luck, everyone!
I agree. I always comment on this in the surveys that ACCA asks me to fill in. I simply cannot understand that a professional body of accountancy like ACCA which focuses so much on practical experience organizes exams in the first week of a month when most people working in finance are super-busy with the closing activities. How stupid is that???
It was a hard paper. I got completely stuck with the throughput accounting/TOC case with teachers, classrooms and books in section B. My brain just could not take in what was exactly meant in the scenario. I don’t understand why they could not just put there a standard production company. Or maybe I was just too tired 🙂
